Free Space Optics (FSO) and Visible Light Communication (VLC) Market – Global Forecast to 2022

he free space optics market is expected to grow at a CAGR of 41.4% between 2017 and 2022, to reach USD 1198.9 Million by 2022 from USD 212.4 Million in 2017. The FSO market is majorly driven by factors such as last mile connectivity, free licensing of FSO, and alternative solution for the overburdened RF technology for outdoor networking. The visible light communication (VLC) market is expected to grow at a CAGR of 62.9% between 2017 and 2022, to reach USD 14.91 Billion by 2022 from USD 1.30 Billion in 2017. The factors driving the Visible Light Communication Market include faster and safer data transfer than other competing technologies; RF spectrum bandwidth crunch; no bandwidth limitation and less energy consumption; and greener, cleaner, and safer technology.

The Visible Light Communication Market has been segmented into different components including LED, photodetector, microcontroller, and software. Among all the components, LED is expected to hold the largest share in terms of value as LED is used as a main source of light that acts as a medium of transmission in VLC technology. The software component of VLC is expected to hold the second-largest share of the overall VLC market in 2016.

The Visible Light Communication Market has also been segmented on the basis of transmission type into unidirectional and bidirectional. Majority of the VLC system deployments are of unidirectional type, owing to which this type holds the largest share of the overall market for VLC applications in 2016.

Companies Mentioned

  • Bytelight, Inc. (A Acuity Brand’S Company)
  • Fso Market Players
  • Fsona Networks Corp.
  • General Electric Co.
  • Ibsentelecom Ltd.
  • Koninklijke Philips N.V.
  • Lightbee Corp.
  • Lightpointe Communications, Inc.
  • Lvx System
  • Oledcomm
  • Outstanding Technology Corp.
  • Panasonic Corp.
  • Plaintree Systems Inc.
  • Purelifi Ltd.
  • Supreme Architecture Inc.
  • Trimble Hungary Kft.
  • Wireless Excellence Ltd.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Free-Space Optics Market

8 Visible Light Communication Market

9 Competitive Landscape

10 Company Profiles