In this research, a novel peak-to-average power ratio (PAPR) reduction technique for filter bank multicarrier (FBMC) modulation systems is presented. With multicarrier systems like FBMC, the strategy focuses on the survival of the fittest principle to suit the value of PAPR. The Filter Bank Multicarrier with Offset Quadrature Amplitude Modulation (FBMC-OQAM) has recently captured the attention of numerous academics due to its minimal adjacent channel leakage ratio (CLR). Unfortunately, the issue of increased PAPR measurement has a negative impact on the effectiveness of the FBMC system's energy measurement. In this study, the Phase search-based Partial Transmit Sequence (PS-PTS) approach and Modified Discrete Fourier Transform Spreading (MDFT) are developed for the PAPR reduction of the FBMC-OQAM signals. The increased PAPR measurement is reduced using the PTS and MDFT with osprey optimization method, which may result in a PAPR reduction of roughly 5.1 dB as comparable to the conventional approach.
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