Albany, NY -- (SBWire) -- 06/26/2018 --Presence of a copious number of big and small players makes the global free space optics (FSO) market highly dynamic. The market is being primarily driven by the growing demand for high bandwidth and increasing application of free optics in military application. In addition, growing usage of free space optics in 3G and 4G networks and quick and easy installation of this technology is also positively impacting the market.

Posing a hindrance to the global free space optics market is the environmental interference or atmospheric attention affecting the signal quality. Serving to tackle the problem is the laser auto tracking devices, multi-beam, multi-path architecture, and hybrid dual mode RF technology to mitigate the effects of atmospheric attenuation. Therefore, the global market is expected to witness steady growth during the forecast period.

As per a report by Transparency Market Research, the global free space optics market will rise at a phenomenal CAGR of 32.5% from 2017 to 2025. Expanding at this pace, the market which was worth US$92.2 mn in 2016 will likely become worth US$1.07 bn by 2025.

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Data Transmission Key Application Segment on Account of Security Accorded by FSO

Depending upon application, the key segments of the global free space optics market are storage area network, data transmission, defense, security, airborne applications, healthcare, disaster recover, last mile access, etc. Of them, the application of free space optics for data transmission accounted for maximum share in the market.

The application free space optics in the defense sector comes in the second position. The deployment of FSO technology in this application area has been persistent, owing to its high bandwidth capacity, low bit error rates, less power consumption and high communications security which are of utmost importance in defense applications.

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Focus on Research and Development Makes North America Market Dominant

From a geographical standpoint, North America and Europe are key regions that had a combined share of 60% in the global free space optics market. Thrust on research and development activities and early penetration of latest technology in these regions have served to fuel their markets. In fact, FSO technology has been in

Vis-à-vis growth rate, Asia Pacific is projected to outpace all other regions by registering a CAGR of 33.4% from 2016 to 2025. The proliferation of telecommunication and IT in the rapidly expanding economies of India and China is at the forefront of driving growth in the global free space optics market.

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Some of the key players in the global free space optics market are Trimble Hungary Ltd., Mostcom Ltd., AOptix Technologies Inc., Optelix, LightPointe Communications, Inc., IBSENtelecom Ltd., Harris Corporation, Anova Technologies, fSONA Networks Corp., and Wireless Excellence Limited.