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Global Free Space Optics Communication Technology Market to 2023: Market is Anticipated to Reach $1.30 Billion - Incorporation of FSO in the 3G, 4G and 5G NetworksDUBLIN, Oct. 18, 2018 /PRNewswire/ -- The "Global Free Space Optics Communication Technology Market: Focus on Platform, Type and Components - Analysis and Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering. The market reported a revenue of $229.2 million, in 2017 and is expected to grow at a significant CAGR during the forecast period 2018-2023. The communication industry has grown significantly due to the demand for increased connectivity. Communication technology plays a vital role in almost all the industries for running their businesses over the large distance across the globe. Telecommunication is the most prominent sectors which is responsible for providing internet connectivity to support the transmission of data. There are various modes of transmitting the data from one location to another that includes copper wires, fiber cables, and radio frequency communication, among others. However, there are certain limitations of every technology that boost the need for a fast, secure, flexible, and low-cost communication technology. Optical wireless communication is one of the latest communication technologies that utilizes unguided visible, infrared (IR), or ultraviolet (UV) light for transmitting the signals. Free Space Optics (FSO) communication technology is the form of optical wireless communication which wirelessly transmits data through light propagation in free space. FSO communication technology is immensely suitable for performing data transmission in the locations that are not suitable for physical connections. Moreover, the technology also provides inter-satellite communications, satellite to ground communication and other airborne applications. The growing number of satellites is one of the most prominent factors for the developments of free space optics communication technology in satellite communication applications. For instance, in November 2017, two small satellites were launched to the International Space Station (ISS) to test the latest space to ground laser communication system. The global free space optics communication technology market has been segmented into three platforms: terrestrial, satellite, and airborne. The terrestrial platform market acquired the largest share, however, satellite platform FSO communication technology is expected to grow at the highest CAGR during the forecast period, 2018-2023. In addition, the global FSO communication technology market is also classified into its range type such as short range, medium range, and long range. Short range reported the highest revenue in 2017, however, long rage is estimated to grow at the highest CAGR during the forecast period, 2018-2023. The FSO communication systems constitutes of various components that includes transmitters, receivers, modulators, demodulators, encoders and decoders. North America is expected to have the highest share in the free space optics communication technology market during the forecast period, 2018-2023, followed by Europe, Asia-Pacific, and the Rest of-the-World (RoW). The U.S. and Canada are some of the prominent countries in North America for the development of the free space optics communication technology market. The U.S. dominates the overall market of the free space optics communication technology and it is expected maintain its position during the forecast period, 2018-2023. The increase in the demand for free space optics communication technology in North America is due to the increasing need for applications across satellite platform. France is one of the prominent countries in Europe which is currently focusing on the deployment of free space optics communication technology. Some of the other prominent countries include the U.K. and Germany. Key Topics Covered: Executive Summary 1 Market Dynamics
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