Dublin, Dec. 19, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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 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.
During the forecast period, healthcare and hazardous environment are expected to be the fastest growing application of the FSO and VLC markets
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.
Software is expected to be the dominant market of VLC component, by 2023
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
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 Topics Covered
1 Introduction
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.2.3 Market Ranking Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the FSO and VLC Market
4.2 VLC Market, By Component
4.3 FSO and VLC Market, By Application
4.4 VLC Market, By Transmission Type
4.5 FSO Market, By Region
4.6 VLC Market, By Region
5 Market Overview
5.1 Introduction
5.2 History and Evolution of OWC
5.2.1 Overview of Ronja Device
5.3 FSO Market
5.3.1 Introduction
5.3.2 Working
5.3.3 Market Dynamics
5.3.3.1 Drivers
5.3.3.1.1 Last Mile Connectivity
5.3.3.1.2 No Licensing Required
5.3.3.1.3 Alternative Solution to Overburdened RF Technology for Outdoor Networking
5.3.3.2 Restraints
5.3.3.2.1 High Installation Cost
5.3.3.3 Opportunities
5.3.3.3.1 Affordable Extension in Existing Fiber Network
5.3.3.3.2 Increasing Number of Space Research Programs
5.3.3.3.3 Replacement of Old Technologies With FSO Technology for Enterprise Connectivity
5.3.3.4 Challenges
5.3.3.4.1 Reliability Issues Due to Fading of Signals During Propagation
5.4 VLC Market
5.4.1 Introduction
5.4.2 Working
5.4.3 Market Dynamics
5.4.3.1 Drivers
5.4.3.1.1 Faster and Safer Data Transfer Than Other Competing Technologies
5.4.3.1.2 RF Spectrum Bandwidth Crunch
5.4.3.1.3 Less Energy Consumption
5.4.3.2 Restraints
5.4.3.2.1 Dominance of Competing Technology
5.4.3.2.2 Applicable Only for Short-Range Communication Applications and Requirement of Direct Los
5.4.3.3 Opportunities
5.4.3.3.1 Global Acceptance of Bidirectional VLC By Different Industry Verticals
5.4.3.3.2 Emergence of New Applications Such as IoT and 5g
5.4.3.4 Challenges
5.4.3.4.1 Lack of Technological Awareness
5.4.3.4.2 Lack of Common Standards
5.5 Value Chain Analysis
6 Free Space Optics Market
6.1 Introduction
6.2 FSO Market, By Application
6.2.1 Mobile Backhaul
6.2.2 Enterprise Connectivity
6.2.3 Disaster Recovery
6.2.4 Defense
6.2.5 Satellite
6.2.6 Healthcare
6.2.7 Security
6.2.8 Engineering and Design
6.2.9 Others
6.3 FSO Market, By Region
6.3.1 Americas
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Rest of the World
7 Visible Light Communication Market
7.1 Introduction
7.2 VLC Market, By Component
7.2.1 Light Emitting Diode
7.2.1.1 Phosphorus LEDs
7.2.1.2 Red Green Blue (RGB) LEDs
7.2.1.3 Resonant Cavity LEDs (RCLEDs)
7.2.1.4 Organic LEDs (OLEDS)
7.2.1.5 Microlens LEDs
7.2.1.6 Near-Infrared Or Ultraviolet LEDs
7.2.2 Photodetector
7.2.2.1 Photodiode
7.2.2.2 Image Sensor
7.2.3 Microcontroller
7.2.3.1 Modulator and Demodulator
7.2.3.1.1 Modulation
7.2.3.1.1.1 Pulse Width Modulation (PWM)
7.2.3.1.1.2 Pulse Position Modulation (PPM)
7.2.3.1.1.3 Variable Pulse Position Modulation (VPPM)
7.2.3.1.1.4 Pulse Amplitude Modulation (PAM)
7.2.3.1.1.5 Color Shift Keying (CSK)
7.2.3.1.1.6 Frequency Shift Keying (FSK)
7.2.3.1.1.7 Orthogonal Frequency Division Multiplex (OFDM)
7.2.3.1.1.8 Spatial Modulation (SM)
7.2.3.1.2 Demodulation
7.2.3.1.2.1 Diode Detector
7.2.3.1.2.2 Synchronous Detector
7.2.4 Software
7.3 VLC Market, By Transmission Type
7.3.1 Unidirectional Transmission
7.3.2 Bidirectional Transmission
7.4 VLC Market, By Application
7.4.1 Smart Store
7.4.2 Street Light
7.4.3 Consumer Electronics
7.4.3.1 Residential
7.4.3.2 Commercial
7.4.4 Defense and Security
7.4.5 Vehicle and Transportation
7.4.5.1 Vehicle-To-Vehicle Communication
7.4.5.2 Location-Based Service
7.4.5.3 Intelligent Transportation System
7.4.5.3.1 Advanced Traffic Management System
7.4.5.3.2 Advanced Traveler Information System
7.4.5.3.3 Vehicle-To-Infrastructure Communications
7.4.5.3.4 Advanced Public Transportation System
7.4.6 Aviation
7.4.7 Hospital
7.4.7.1 Asset Tracking
7.4.7.2 Patient Tracking
7.4.7.3 Data Monitoring
7.4.8 Underwater Communication
7.4.9 Hazardous Environment
7.4.10 Others
7.4.10.1 Museum
7.4.10.2 Digital Signage
7.4.10.3 Hotel and Casino
7.4.10.4 Logistics
7.5 VLC Market, By Geography
7.5.1 Americas
7.5.2 Europe
7.5.3 Asia Pacific
7.5.4 Rest of the World
8 Competitive Landscape
8.1 Overview
8.2 Market Ranking Analysis
8.3 Competitive Scenario
8.3.1 Product Launches and Expansions
8.3.2 Collaborations and Contracts
8.3.3 Acquisitions and Partnerships
9 Company Profiles
9.1 Introduction
9.2 FSO Market Key Players
9.2.1 Lightpointe Communications
9.2.2 FSONA Networks
9.2.3 Wireless Excellence
9.2.4 Plaintree Systems
9.2.5 Trimble Hungary
9.3 Key Players in the VLC Market
9.3.1 Signify Holding (Formerly Philips Lighting)
9.3.2 Oledcomm
9.3.3 Lucibel
9.3.4 Purelifi
9.3.5 Acuity Brands
9.4 Other Key Players in the VLC Market
9.4.1 General Electric
9.4.2 Panasonic
9.4.3 Fraunhofer HHI
9.4.4 LVX System
9.4.5 Ibsentelecom
9.5 VLC Market Key Innovators
9.5.1 Vlncomm
9.5.2 Firefly Wireless Networks
9.5.3 Nextlifi
9.5.4 Lightbee
9.5.5 Velmenni
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