Market Research Report
Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market by Component (LED, Photodetector, Microcontroller, and Software), Transmission Type, Application, and Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||259724|
|Published||Content info||185 Pages
Delivery time: 1-2 business days
|Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market by Component (LED, Photodetector, Microcontroller, and Software), Transmission Type, Application, and Geography - Global Forecast to 2023|
|Published: September 19, 2018||Content info: 185 Pages||
"Free licensing and faster and safer data transfer are driving the FSO and VLC markets"
The free space optics (FSO) market is expected to grow from USD 0.27 billion in 2018 to USD 1.45 billion by 2023, at a CAGR of 39.58% between 2018 and 2023. This growth can be attributed to the free licensing of FSO system. As FSO uses laser for transmission purpose, there is no bandwidth deficiency and no licensing required for the allocation of bandwidth. On the other hand, the visible light communication (VLC) market is expected to grow from USD 2.56 billion in 2018 to USD 75.00 billion by 2023, at a CAGR of 96.57% between 2018 and 2023. This is because of the faster and safer data transfer capability of VLC technology than any other competing technologies. The VLC technology uses light waves that do not penetrate through walls and hence cannot be intercepted and misused.
The healthcare and hazardous environment applications for the FSO and VLC markets are expected to grow at the highest CAGR during 2018-2023. FSOs are hugely deployed in the healthcare application where wireless communication through radio waves is not allowed due to potential health hazards. On the other hand, the rapid adoption of new technologies in hazardous situations and the unavailability of any substitute for communication in it are making the hazardous environment one of the fastest-growing VLC applications.
The software is a key component of the VLC system, and it is expected to dominate the VLC market during the forecast period. This is mainly because the two-way communication by VLC technology would allow all electronic devices to communicate with each other and would require efficient software support.
The Americas is expected to hold the largest share of the FSO and VLC market during the forecast period. This is due to the huge investments in telecom infrastructure, government funding, and increasing military expenditure in FSO technology; and the government funding and deployment of several VLC systems in public and commercial places.
Key players in the FSO market are: LightPointe Communications (US), fSONA Networks (Canada), Wireless Excellence (UK), Plaintree Systems (Canada), and Trimble Hungary (Hungary). Key players in the VLC market are Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi (UK), Acuity Brands (US), General Electric (US), Fraunhofer HHI (Germany), LVX System (US), Panasonic (Japan), and IBSENtelecom (Norway).
This report includes the market statistics pertaining to FSO application and geography, and VLC component, transmission type, application, and geography, along with their respective market size.
The report would help market leaders/new entrants in the FSO and VLC market in the following ways:
*Details on Business Overview, Products offered, Recent Developments, SWOT analysis and MnM View might not be captured in case of unlisted companies.