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Global Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market to 2023 - Free Licensing and Faster and Safer Data Transfer are Driving the Markets - ResearchAndMarkets.com

September 27, 2018

DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--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.

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.

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 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. 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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Free Space Optics Market

7 Visible Light Communication Market

8 Competitive Landscape

9 Company Profiles

Lightpointe Communications FSONA Networks Wireless Excellence Plaintree Systems Trimble Hungary Signify Holding (Formerly Philips Lighting) Oledcomm Lucibel Purelifi Acuity Brands General Electric Panasonic Fraunhofer HHI LVX System Ibsentelecom Vlncomm Firefly Wireless Networks Nextlifi Lightbee Velmenni

For more information about this report visit https://www.researchandmarkets.com/research/wmv7xf/global_free_space?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005756/en/

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Related Topics:Electrical Engineering,LED (Light Emitting Diodes)

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/27/2018 01:13 PM/DISC: 09/27/2018 01:13 PM

http://www.businesswire.com/news/home/20180927005756/en

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