Global Free Space Optics (FSO) Market Size, Trends & Growth Opportunity, By Application (Disaster Recovery, Defense, Satellite, Healthcare, Security, Engineering and Design, Others), By Region and Forecast from 2022-2027

Global Free Space Optics (FSO) Market 
Global Free Space Optics (FSO) Market was valued at US$ 4.8 Bn in 2021 and it is expected to reach at US$ 50.2 Bn by 2027, at a CAGR 23.00% (2022-2027). 
Free Space Optics (FSO) is a line-of-sight (LOS) technology that employs directed laser emitters or LEDs to provide optical bandwidth Transmitters and Receivers to connect video, voice, and data intelligent transfer. In the event of interference, a single Free Space Optics link product may incorporate multiple transmitters and receivers.
Free space optics is an optics-based technology that focuses on light propagation and wireless data transfer for telecommunications and other networking applications. FSO technology is typically used in free space, which can be air, a vacuum, or a combination of the two.

Market Drivers: Increased military and aerospace adoption of free space optics due to its numerous benefits
Wireless communication faces challenges such as limited bandwidth and slow data transmission speeds. However, FSO is a well-known wireless technology in the aerospace and Aerospace & Defense industry that eliminates the majority of the problems encountered by traditional wireless communication systems. Among Enterprise Connectivity, the technology has applications in satellite links, deep-space probes, communicating with remote areas, UAVs, and aircrafts. It is used for point-to-point communication between devices that are within line of sight. It converts the input into a digital signal for further transmission using various modulation techniques such as amplitude and phase modulation.
Free space optics is becoming increasingly popular due to numerous advantages such as low installation costs, high bandwidth availability, high data transmission speeds, improved connectivity, and among Enterprise Connectivity.
Furthermore, FSO technology is appropriate for both military and commercial applications, such as telecommunications. This technology operates on the same principles as fibre optics technology, except that it transmits data through air rather than fibre optic cables. Furthermore, the installation of FSO communication takes only a few hours. These are some of the factors driving the growth of the free space optics market. This driver has a significant impact over the forecast period.

Restraints: Challenges due to atmospheric turbulence, scintillation and fog
The market for free space optics faces several challenges. Before deploying the setup for free space optics communication between two points, for example, the line of sight between the two must be clear of any obstructions, such as trees or buildings. Furthermore, FSO propagation can be disrupted by fog and atmospheric turbulence, among other things. The presence of fog can significantly impair the characteristics of the light wave being transmitted due to absorption, scattering, and reflection. These are some of the factors restraining the growth of the free space optics market.

Covid-19 Impact
The emergence of the COVID-19 crisis in January 2020 has slowed the growth of the free space optics market, posing several industry challenges. International trade has been impacted by supply chain disruptions as well as movement restrictions. This has disrupted industry players' business operations and manufacturing, reducing market revenue. Furthermore, rising consumer preference for purchasing essential commodities is expected to limit the adoption of new technologies such as Visible Light Communication, affecting market size.

Global Free Space Optics (FSO) Market Share Analysis, By Application
Rising demand of fast and flexible wireless communication technology in various areas such as defense & other commercial areas like telecommunication is expected to boost the market growth over the forecast period. Furthermore, low power usage per transaction is likely to contribute to the growth of the target market.Aerospace and Defense and defense sector accounts for highest market share in free space optics market as it offers High optical wireless capacity, Rapid & Easy deployment, Reliable connection and Secure communication. In the military, operations require secure, relevant, and timely information. 

Global Free Space Optics Market Share Analysis, By Region
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Market Key Players
Various key players are discussed in this report such as   Lightpointe Communications, Inc., Purelifi Ltd., Panasonic Corp, Bytelight, Inc., General Electric Co., Koninklijke Philips N.V., Trimble Hungary Kft., Wireless Excellence Ltd., Plaintree Systems Inc., Fsona Networks Corp., etc. 

Market Taxonomy 
By Application
• Disaster Recovery
• Defense
• Satellite
• Healthcare
• Security
• Engineering and Design
• Others

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Global Free Space Optics (FSO) Market 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Free Space Optics (FSO) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Free Space Optics (FSO) Market, By Application
5.1 Y-o-Y Growth Comparison, By Application 
5.2 Global Free Space Optics (FSO) Market Share Analysis, By Application 
5.3 Global Free Space Optics (FSO) Market Size and Forecast, By Application
5.3.1 Disaster Recovery
5.3.2 Defense
5.3.3 Satellite
5.3.4 Healthcare
5.3.5 Security
5.3.6 Engineering and Design
5.3.7 Others
 6 Global Free Space Optics (FSO) Market, By Region
6.1 Global Free Space Optics (FSO) Market Share Analysis, By Region
6.2 Global Free Space Optics (FSO) Market Share Analysis, By Region
6.3 Global Free Space Optics (FSO) Market Size and Forecast, By Region
7 North America Free Space Optics (FSO) Market Analysis and Forecast (2022 – 2027)
7.1 Introduction
7.2 North America Free Space Optics (FSO) Market Share Analysis, By Application
7.3 North America Free Space Optics (FSO) Market Size and Forecast, By Application
7.4 North America Free Space Optics (FSO) Market Size and Forecast, By Country
7.4.1 U.S.
7.4.2 Canada
7.4.3 Mexico
8 Europe Free Space Optics (FSO) Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 Europe Free Space Optics (FSO) Market Share Analysis, By Application 
8.3 Europe Free Space Optics (FSO) Market Size and Forecast, By Application 
8.4 Europe Free Space Optics (FSO) Market Size and Forecast, By Country
8.4.1 Germany
8.4.2 France
8.4.3 UK
8.4.4. Rest of Europe
9 Asia Pacific Free Space Optics (FSO) Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Asia Pacific Free Space Optics (FSO) Market Share Analysis, By Application 
9.3 Asia Pacific Free Space Optics (FSO) Market Size and Forecast, By Application 
9.4 Asia Pacific Free Space Optics (FSO) Market Size and Forecast, By Country
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4. Rest of Asia Pacific
10 Latin America Free Space Optics (FSO) Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Latin America Free Space Optics (FSO) Market Share Analysis, By Application 
10.3 Latin America Free Space Optics (FSO) Market Size and Forecast, By Application 
10.4 Latin America Free Space Optics (FSO) Market Size and Forecast, By Country
11Middle East Free Space Optics (FSO) Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Middle East Free Space Optics (FSO) Market Share Analysis, By Application 
11.3 Middle East Free Space Optics (FSO) Market Size and Forecast, By Application 
11.4 Middle East Free Space Optics (FSO) Market Size and Forecast, By Country
12 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
13 Company Profiles
13.1 LIGHTPOINTE COMMUNICATIONS INC
13.1.1 Overview
13.1.2 Offerings
13.1.3 Key Financials
13.1.4 Business Segment & Geographic Overview
13.1.5 Key Market Developments
13.1.6 Key Strategies
13.2 PURELIFI LTD
13.2.1 Overview
13.2.2 Offerings
13.2.3 Key Financials
13.2.4 Business Segment & Geographic Overview
13.2.5 Key Market Developments
13.2.6 Key Strategies
13.3 PANASONIC CORP
13.3.1 Overview
13.3.2 Offerings
13.3.3 Key Financials
13.3.4 Business Segment & Geographic Overview
13.3.5 Key Market Developments
13.3.6 Key Strategies
13.4 BYTELIGHT, INC
13.4.1 Overview
13.4.2 Offerings
13.4.3 Key Financials
13.4.4 Business Segment & Geographic Overview
13.4.5 Key Market Developments
13.4.6 Key Strategies
13.5 GENERAL ELECTRIC CO
13.5.1 Overview
13.5.2 Offerings
13.5.3 Key Financials
13.5.4 Business Segment & Geographic Overview
13.5.5 Key Market Developments
13.5.6 Key Strategies
13.6 KONINKLIJKE PHILIPS N.V
13.6.1 Overview
13.6.2 Offerings
13.6.3 Key Financials
13.6.4 Business Segment & Geographic Overview
13.6.5 Key Market Developments
13.6.6 Key Strategies
13.7 TRIMBLE HUNGARY KFT
13.7.1 Overview
13.7.2 Offerings
13.7.3 Key Financials
13.7.4 Business Segment & Geographic Overview
13.7.5 Key Market Developments
13.7.6 Key Strategies
13.8 WIRELESS EXCELLENCE LTD
13.8.1 Overview
13.8.2 Offerings
13.8.3 Key Financials
13.8.4 Business Segment & Geographic Overview
13.8.5 Key Market Developments
13.8.6 Key Strategies
13.9 PLAINTREE SYSTEMS INC
13.9.1 Overview
13.9.2 Offerings
13.9.3 Key Financials
13.9.4 Business Segment & Geographic Overview
13.9.5 Key Market Developments
13.9.6 Key Strategies
13.10 FSONA NETWORKS CORP
13.10.1 Overview
13.10.2 Offerings
13.10.3 Key Financials
13.10.4 Business Segment & Geographic Overview
13.10.5 Key Market Developments
13.10.6 Key Strategies