The Free Space Optics (FSO) communications market is set to grow from its current value of more than US$ 200 million to over US$ 2 billion by 2027, according to the latest study by Global Market Insights Inc.
GMI says the fast strides in wireless communications along with the thriving need for various alternatives to conventional RF or microwave links, in recent years, have paved the way for significant advances in optical technology. Because of this, it says, the FSO communication market is set to gain remarkable traction. The rising usage of smart devices and the surging need for high-speed data applications has stirred the need for several communication systems for providing cost-effective as well as high-speed connectivity to end-users.
It adds that the rapid expansion of communication infrastructure leading to the higher deployment of 5G technology has given rise to the increasing levels of data transmission over networks. Owing to this, hybrid free-space optic (HFSO) technology along with wireless radio frequencies are largely integrated into robust and highly scalable backhaul architectures. The FSO communication market will also grow with the surging need to carry cellular telephone traffic from the antenna towers back to the facilities that are wired into public switched telephone networks.
GMI also notes that FSO communication is largely deployed in satellites to allow the creation of advanced mesh networks to be more efficient as well as providing effective communication across vast distances. It has emerged as a key technology in solving the increasing bandwidth limitations with respect to space communication as it can reduce the weight, size, and power of satellite communication systems. Also, these optical links ensure fast connections and are also susceptible to atmospheric disruptions as well as long orbital delays.
The free space optics communication industry is also set to experience significant expansion from enterprise connectivity applications as it allows multiple gigabyte transmissions simultaneously and is more secure compared to transmitting data over public networks. Using these solutions, larger enterprises can connect to networks by eliminating the fees for leased lines as well as fibre cables, leading to greater savings. The rising deployment of point-to-point radio-based technologies and the escalating need for high network security and low monthly costs in enterprises will add positive impetus to the market progression.
FSO has also gained great attention in network disaster recovery. The wireless technology is also used for recovering networks which are partially disconnected during terrorist attacks, but it is also expanding with the increasing penetration in metro network extensions for extending the existing metropolitan area fibre rings for connecting new networks. Rising demand in service acceleration for providing instant services to fibre-optic customers will also contribute to the market expansion, says GMI.
For more information, visit www.gminsights.com