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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

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
“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.

“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.

Breakdown of the profile of primary participants:
By Company Type: Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%
By Designation: C-Level Executives = 55%, Directors = 45%
By Region: Americas = 45%, Europe = 20%, APAC = 30%, and RoW = 5%

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).

Research Coverage
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.

Reasons to Buy the Report
The report would help market leaders/new entrants in the FSO and VLC market in the following ways:
1. This report segments the FSO and VLC market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different applications and regions.
2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, collaborations, partnerships, product launches, expansions, acquisitions, and contracts, in the FSO and VLC market.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
      • MARKET RANKING ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE FSO AND VLC MARKET
    • VLC MARKET, BY COMPONENT
    • FSO AND VLC MARKET, BY APPLICATION
    • VLC MARKET, BY TRANSMISSION TYPE
    • FSO MARKET, BY REGION
    • VLC MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
      • Table LED VS. LASER
    • HISTORY AND EVOLUTION OF OWC
      • Table RONJA MODELS
      • OVERVIEW OF RONJA DEVICE
        • Table IRDA STANDARDS
    • FSO MARKET
      • INTRODUCTION
      • WORKING
        • Table FSO VS. OTHER COMPETING TECHNOLOGIES
        • Table ADVANTAGES AND LIMITATIONS OF FSO
      • MARKET DYNAMICS
        • Table RF VS. FSO FOR SPACE PROGRAMS
        • Table POWER LOSS IN FSO SYSTEM DUE TO ENVIRONMENTAL INTERFERENCE
    • VLC MARKET
      • INTRODUCTION
        • Table VLC VS. RF TECHNOLOGY
      • WORKING
      • MARKET DYNAMICS
        • Table VLC VS. WI-FI
    • VALUE CHAIN ANALYSIS
  • FREE SPACE OPTICS MARKET
    • INTRODUCTION
    • FSO MARKET, BY APPLICATION
      • Table FSO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
      • MOBILE BACKHAUL
        • Table TECHNOLOGIES IN MOBILE BACKHAUL
        • Table CAPACITY OF VARIOUS MOBILE BACKHAUL TECHNOLOGIES
        • Table ADVANTAGES OF FSO AS MOBILE CARRIER BACKHAUL
        • Table FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY GEOGRAPHY, 2015-2023 (USD MILLION)
      • ENTERPRISE CONNECTIVITY
        • Table FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • DISASTER RECOVERY
        • Table FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • DEFENSE
        • Table FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • SATELLITE
        • Table FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • HEALTHCARE
        • Table FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • SECURITY
        • Table FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • ENGINEERING AND DESIGN
        • Table FSO MARKET FOR ENGINEERING AND DESIGN APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • OTHERS
        • Table FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2015-2023 (USD MILLION)
    • FSO MARKET, BY REGION
      • Table FSO MARKET, BY REGION, 2015-2023 (USD MILLION)
      • AMERICAS
        • Table FSO MARKET IN THE AMERICAS, BY APPLICATION, 2015-2023 (USD MILLION)
      • EUROPE
        • Table FSO MARKET IN EUROPE, BY APPLICATION, 2015-2023 (USD MILLION)
      • ASIA PACIFIC
        • Table FSO MARKET IN APAC, BY APPLICATION, 2015-2023 (USD MILLION)
      • REST OF THE WORLD
        • Table FSO MARKET IN ROW, BY APPLICATION, 2015-2023 (USD MILLION)
  • VISIBLE LIGHT COMMUNICATION MARKET
    • INTRODUCTION
    • VLC MARKET, BY COMPONENT
      • Table VLC MARKET, BY COMPONENT, 2015-2023 (USD MILLION)
      • LIGHT EMITTING DIODE
        • Table COMPARISON BETWEEN LED, INCANDESCENT, AND FLUORESCENT LAMPS
        • Table CHARACTERISTICS OF PHOSPHORUS LED
        • Table CHARACTERISTICS OF RGB LED
        • Table CHARACTERISTICS OF RCLED
        • Table CHARACTERISTICS OF OLEDS
        • Table VLC MARKET FOR LED, BY APPLICATION, 2015-2023 (USD MILLION)
      • PHOTODETECTOR
        • Table COMPARISON BETWEEN CCD AND CMOS SENSORS
        • Table VLC MARKET FOR PHOTODETECTOR, BY APPLICATION, 2015-2023 (USD MILLION)
      • MICROCONTROLLER
        • Table VLC MARKET FOR MICROCONTROLLER, BY APPLICATION, 2015-2023 (USD MILLION)
      • SOFTWARE
        • Table VLC MARKET FOR SOFTWARE, BY APPLICATION, 2015-2023 (USD MILLION)
    • VLC MARKET, BY TRANSMISSION TYPE
      • Table VLC MARKET, BY TRANSMISSION TYPE, 2015-2023 (USD MILLION)
      • UNIDIRECTIONAL TRANSMISSION
      • BIDIRECTIONAL TRANSMISSION
    • VLC MARKET, BY APPLICATION
      • Table VLC MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
      • SMART STORE
        • Table LIST OF SOME MAJOR PILOT DEPLOYMENTS OF VLC IN SMART STORE
        • Table VLC MARKET FOR SMART STORE APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR SMART STORE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • STREET LIGHT
        • Table LIST OF SOME MAJOR PILOT DEPLOYMENTS OF VLC IN STREET LIGHTS
        • Table VLC MARKET FOR STREET LIGHT APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR STREET LIGHT APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • CONSUMER ELECTRONICS
        • Table VLC MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR RESIDENTIAL APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR COMMERCIAL APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • DEFENSE AND SECURITY
        • Table VLC MARKET FOR DEFENSE AND SECURITY APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR DEFENSE AND SECURITY APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • VEHICLE AND TRANSPORTATION
        • Table VLC MARKET, BY VEHICLE AND TRANSPORTATION APPLICATION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR VEHICLE AND TRANSPORTATION APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR VEHICLE AND TRANSPORTATION APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR VEHICLE-TO-VEHICLE COMMUNICATION APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR VEHICLE-TO-VEHICLE COMMUNICATION APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table COMPARISON OF POSITION DETECTION WITH VARIOUS TECHNOLOGIES
        • Table VLC MARKET FOR LOCATION-BASED SERVICE APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR LOCATION-BASED SERVICE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR INTELLIGENT TRANSPORTATION SYSTEM APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR INTELLIGENT TRANSPORTATION SYSTEM APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • AVIATION
        • Table VLC MARKET FOR AVIATION APPLICATION, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table VLC MARKET FOR AVIATION APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • HOSPITAL
        • Table LIST OF SOME MAJOR DEVELOPMENTS OF VLC IN HOSPITALS
        • Table VLC MARKET, BY HOSPITAL APPLICATION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR HOSPITAL APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR HOSPITAL APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR ASSET TRACKING APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR ASSET TRACKING APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR PATIENT TRACKING APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR PATIENT TRACKING APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR DATA MONITORING APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR DATA MONITORING APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • UNDERWATER COMMUNICATION
        • Table VLC MARKET FOR UNDERWATER COMMUNICATION APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR UNDERWATER COMMUNICATION APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • HAZARDOUS ENVIRONMENT
        • Table VLC MARKET FOR HAZARDOUS ENVIRONMENT APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR HAZARDOUS ENVIRONMENT APPLICATION, BY REGION, 2015-2023 (USD MILLION)
      • OTHERS
        • Table VLC MARKET, BY OTHER APPLICATIONS, 2015-2022 (USD MILLION)
        • Table VLC MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR OTHER APPLICATIONS, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR MUSEUM APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR MUSEUM APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR DIGITAL SIGNAGE APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR DIGITAL SIGNAGE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR HOTEL AND CASINO APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR HOTEL AND CASINO APPLICATION, BY REGION, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR LOGISTICS APPLICATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table VLC MARKET FOR LOGISTICS APPLICATION, BY REGION, 2015-2023 (USD MILLION)
    • VLC MARKET, BY GEOGRAPHY
      • Table VLC MARKET, BY REGION, 2015-2023 (USD MILLION)
      • AMERICAS
        • Table VLC MARKET IN THE AMERICAS, BY APPLICATION, 2015-2023 (USD MILLION)
      • EUROPE
        • Table VLC MARKET IN EUROPE, BY APPLICATION, 2015-2023 (USD MILLION)
      • ASIA PACIFIC
        • Table VLC MARKET IN APAC, BY APPLICATION, 2015-2023 (USD MILLION)
      • REST OF THE WORLD
        • Table VLC MARKET IN ROW, BY APPLICATION, 2015-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table RANKING OF TOP 3 PLAYERS IN THE FSO MARKET, 2017
      • Table RANKING OF TOP 5 PLAYERS IN THE VLC MARKET, 2017
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES AND EXPANSIONS
        • Table 15 MOST RECENT PRODUCT LAUNCHES AND EXPANSIONS IN THE VLC MARKET
      • COLLABORATIONS AND CONTRACTS
        • Table 10 MOST RECENT COLLABORATIONS AND CONTRACTS IN THE VLC MARKET
      • ACQUISITIONS AND PARTNERSHIPS
        • Table 10 MOST RECENT ACQUISITIONS AND PARTNERSHIPS IN THE VLC MARKET
  • COMPANY PROFILES
    • INTRODUCTION
    • FSO MARKET KEY PLAYERS
      • LIGHTPOINTE COMMUNICATIONS
      • FSONA NETWORKS
      • WIRELESS EXCELLENCE
      • PLAINTREE SYSTEMS
      • TRIMBLE HUNGARY
    • KEY PLAYERS IN THE VLC MARKET
      • SIGNIFY HOLDING (FORMERLY PHILIPS LIGHTING)
      • OLEDCOMM
      • LUCIBEL
      • PURELIFI
      • ACUITY BRANDS
    • OTHER KEY PLAYERS IN THE VLC MARKET
      • GENERAL ELECTRIC
      • PANASONIC
      • FRAUNHOFER HHI
      • LVX SYSTEM
      • IBSENTELECOM
    • VLC MARKET KEY INNOVATORS
      • VLNCOMM
      • FIREFLY WIRELESS NETWORKS
      • NEXTLIFI
      • LIGHTBEE
      • VELMENNI
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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