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Research analysis on the global free space optics (FSO) market identifies that the rise in the growth of internet traffic will be one of the major factors that will have a positive impact on the growth of the market. Factors such as utilization of high-bandwidth applications, expanding online video content, and rise in the number of mobile internet users will lead to the rise in the global IP traffic during the forecast period. Moreover, the introduction of innovative wireless technologies, such as Z-Wave and ZigBee, has further raised the Internet traffic levels as they allow easy connectivity to an extensive range of devices. Network operators are improving their networks and deploying optical technologies, such as FSO, to support the high volume of data as they offer faster data transfer and better bandwidth with lesser chances of data loss. Technavio's market research analysts predict that the free space optics market will grow at a CAGR of more than 41% by 2021.
The rise in applications of FSO in end-user industries is one of key trends that will gain traction in the FSO market during the forecast period. The transportation, aviation, and automotive sectors are the major industries that largely benefit from the usage of FSO systems. The usage of FSO enables in-flight data communication in the commercial aviation sector and also enables underwater communication between divers and remote-operated vehicles. Moreover, FSO systems also enables communication in hospitals and healthcare facilities since they do not cause any electromagnetic interference. This will result in the rise in adoption of FSO technology across the various sectors, which in turn, will drive the market's growth prospects in the forthcoming years.
The FSO market has high growth potential and is witnessing new product developments, acquisitions, collaborations, and partnerships across the value chain. The market is likely to grow further during the forecast period due to factors such as increased government funding, need for fast and safe data transfers, R&D activities, and bandwidth limitation among several industries. Manufacturers that have their presence across various geographical regions have an advantage over their competitors and to overcome chalenges such as low pricing, the vendors are focusing on making huge investments in R&D and are also expanding their production capacities.
The leading vendors in the market are ?
The other prominent vendors in the market are Plaintree Systems and Trimble Hungary.
The communications application segment accounted for the major share of the FSO market during the forecast period. This is mainly due to the rising need for mobile infrastructure and availability of improved features such as large bandwidth, high data rates, free licensing, and easy deployment in the FSO technologies in the communications segment. This will to the growth of the free space optics market in the coming years.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. The rise in the number of applications of FSO devices in the defense sector, the growing popularity of 5G networks, and the adoption of better wireless infrastructures, will b the major factors driving the market's growth prospects in this region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
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