According to new market research report "Visible Light Communication (VLC)/Light Fidelity (Li-Fi) & Free Space Optics (FSO) Market by Component, Applications (Terrestrial, Mobile, & Satellite for FSO & Communication, Automotive, Healthcare, Aerospace, & Underwater for VLC/Li-Fi), & Geography - Analysis & Forecast to 2014 - 2020" the global VLC market and FSO market is expected to grow at CAGR of 87.31% and 44.93% respectively from 2014 to 2020, which includes an in-depth analysis of the market by component product, application and geography.
Browse 83 market data tables, 78 figures spread through 250 pages and in-depth TOC on "Visible Light Communication (VLC)/Light Fidelity (Li-Fi) & Free Space Optics (FSO) Market".
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Visible Light Communication is the short range optical wireless communication technology used in LEDs for communication and illumination. In VLC, communication and illumination occurs simultaneously. The technology uses transmitter, receiver, modulators and demodulators for communication.
FSO technology works similarly to fiber optic cable communication. Optical fiber communication secures the data and the installation is also easy for the technology, but it requires cable for communication. Whereas, in FSO technology there is no requirement of cable and the cost is also low. APAC is the major market for VLC and FSO technology due to high rate of R&D and the development in the region. The component market for VLC can be divided into transmitter, receiver, modulators and demodulators and others.
The report provides the profile of all major companies and institutes active in the VLC and FSO market. The report also provides the competitive landscapes of key players, which indicates the growth strategy of VLC market. The report also covers the entire value chain for the market from the raw material supplier to the end user. Along with the value chain, this report also provides an in-depth view on the component, application, and geography for Visible Light Communication technology and for FSO technology for which the report gives view on application and geography segments. The market for VLC technology is estimated to reach $9,289.72 million by 2020, at a CAGR of 87.31% from 2014 to 2020.
The major players in VLC and FSO market are Bytelight (U.S.), Oldecomm-France LiFi (France), Nakagawa Laboratories (Japan), Outstanding Technology (Japan), Lightepoint Communications (U.S.), and fSONA Networks (Canada) are among others.
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