According to the research report titled ‘Free Space Optics (FSO) Communication Market Size By Platform (Terrestrial, Satellite, Airborne), By Application (Mobile Backhaul, Enterprise Connectivity, Disaster Recovery, Defense, Satellite), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, free space optics (FSO) communication market is anticipate to garner lucrative returns by the year 2027.

Report findings suggest that growing demand for high-speed and secure optical wireless communication is the major growth determinant for Free space optics (FSO) communication market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4547850/  

For the unversed, free space optics (FSO) communication systems use free space as a communication channel to send optical signals between transceivers in line-of-sight (LOS). The channel can be space, atmosphere, or vacuum, whose properties determine optical signal transmission and reception in order to create reliable and efficient communication systems.

FSO has numerous applications in satellite/spacecraft communications, computer networking, military, defence, telecommunications, last mile access, and point-to-point LOS links, among others. Notably, rising demand for last-mile access has fuelled market trend in recent years.

Based on application spectrum, the disaster recovery sub-segment is expected to grow with a CAGR of 40% over the analysis period, owing to increasing demand for enhanced communication services in disaster-prone areas.

The defence segment held 15% share in free space optics (FSO) communication marketplace in 2020 and is expected to grow substantially over the forecast period, due to growing investment in the sector.

Regionally, Latin American market is anticipated to reach a significant valuation by 2027, expanding at a CAGR of 40% during the study period, because of increasing adoption of IoT devices in the region. Whereas Middle East & Africa industry share is estimated to surge at 35% CAGR during the review period. The expansion is attributed to increasing investment in satellite communication activities in the region.

The key players in free space optics (FSO) communication market are Wireless Excellence Ltd., TrellisWare Technologies Inc., SA Photonics, Redline Infrastructure, Plaintree Systems Inc., Mynaric AG, JSC Mostcom, fSONA Networks Corp., EC System International AS, Collinear Networks Inc., CBL Communication by light s.r.o., Cailabs, Airlinx Communications Inc., and ADVA Optical Networking SE.