HOME Top Market Reports Free Space Optics (FSO) and Visible Light Communication (VLC) Market by Component (LED, Photo Detector, Microcontroller, and Software), Transmission Type (Unidirectional and Bidirectional), Application, and Geography - Global Forecast to 2022

Free Space Optics (FSO) and Visible Light Communication (VLC) Market by Component (LED, Photo Detector, Microcontroller, and Software), Transmission Type (Unidirectional and Bidirectional), Application, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: SE 2601

 

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The free space optics market is expected to grow at a CAGR of 41.4% between 2017 and 2022, to reach USD 1,198.9 Million by 2022 from USD 212.4 Million in 2017. The FSO market is majorly driven by the factors such as last mile connectivity, free licensing of FSO, and alternative solution for overburdened RF technology for outdoor networking. The visible light communication 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 major factors driving this growth are 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. For this study, the base year considered is 2016 and the market forecast is provided for the period between 2017 and 2022.

The prime objectives of this report can be summarized as follows:

  • To define, describe, and forecast the Free Space Optics Market on the basis of application and geography and the visible light communication market on the basis of component, transmission type, application, and geography
  • To strategically analyze the micromarkets1 with respect to the individual growth trends, future prospects, and contribution to the VLC & free space optics market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the FSO & VLC markets
  • To use the Porter’s five forces model to gauge the entry barriers to the FSO & VLC markets, along with the value chain analysis to study each elemental block of the markets
  • To analyze the opportunities in the markets for stakeholders and the details of the competitive landscape for the market leaders

The sizing of the FSO and VLC markets has been done by the top-down and bottom-up approach. The bottom-up approach has been employed to arrive at the overall size of the free space optics market from the revenues of key players (companies) and their shares in the market. Calculations are made on the basis of the number of FSO and VLC used in each type of application, which is further multiplied by the production of various applications for all major countries. Finally, the volume is multiplied by the average selling price of each FSO and VLC to arrive at the overall market size. In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary research (including study of associations, databases, journals such as Groupe Speciale Mobile Association (GSMA), U.S. Department of Defense, and others), and primary research. For the calculation of specific market segments, the most appropriate parent market size has been used to implement the top-down approach.

In the process of determining and verifying the market size for several segments and subsegments obtained through secondary research, extensive primary interviews have been conducted with key opinion leaders. The break-up of the profiles of primary participants is given below:

Free Space Optics (FSO) and Visible Light Communication (VLC) Marke

To know about the assumptions considered for the study, download the pdf brochure

The FSO and VLC ecosystems comprise major players in both the markets. The key players in the FSO market are LightPointe Communications, Inc. (U.S.), fSONA Networks Corp. (Canada), Plaintree Systems Inc. (Canada), Wireless Excellence Ltd. (U.K.), and Trimble Hungary Kft. (Hungary), among others. The key players in Visible Light Communication Market include Koninklijke Philips N.V. (Netherlands), General Electric Co. (U.S.), ByteLight, Inc. (Acuity Brands, Inc.) (U.S.), Panasonic Corp. (Japan), LVX System (U.S.), Oledcomm (France), pureLiFi Ltd. (U.K.), LightBee Corp. (Spain), Outstanding Technology Corp. (Japan), IBSENtelecom (Norway), and Supreme Architecture Inc. (U.S.), among others.

All these companies have their own R&D facilities and extensive sales offices and distribution channels. The products of these companies can be used across various industries for various applications. The report provides the competitive landscape of the key players, which indicates their growth strategies in the FSO & VLC markets.

Target Audience:

  • Raw material and manufacturing equipment suppliers
  • Electronic design automation (EDA) and design tool vendors
  • Product manufacturers and suppliers
  • Component manufacturers
  • Original equipment manufacturers (OEMs)
  • Integrated device manufacturers (IDMs)
  • Original design manufacturers (ODMs)
  • ODM and OEM technology solution providers
  • Assembly, testing, and packaging vendors
  • Technology, service, and solution providers
  • Intellectual property (IP) core and licensing providers
  • Suppliers and distributors
  • Government and other regulatory bodies
  • Technology investors
  • Research institutes and organizations
  • Market research and consulting firms

 “The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years (depends on range of forecast period) for prioritizing the efforts and investments.”

Scope of the Report:

The market covered in this report has been segmented as follows:

  • Free Space Optics Market, by Application:
    • Mobile Backhaul
    • Enterprise Connectivity
    • Disaster Recovery
    • Defense
    • Satellite
    • Healthcare
    • Security
    • Engineering and Design
    • Others
  • Free Space Optics Market, by Geography:
    • Americas
    • Europe
    • APAC
    • RoW
  • Visible Light Communication Market, by Component:
    • LED
    • Photodetector
    • Microcontroller
    • Software
  • Visible Light Communication Market, by Transmission Type:
    • Unidirectional
    • Bidirectional
  • Visible Light Communication Market, by Geography:
    • Americas
    • Europe
    • Asia-Pacific
    • Rest of the World

Available Customizations:

  • Further breakdown of the other applications into subcategories
  • Further breakdown of the sub-categories of other applications, by geography
  • Further breakdown of the component segment, by geography
  • Further breakdown of the geography segment, by component
  • Further breakdown of the applications sub-segment segment, by component

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 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 (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Global FSO & VLC Market
    4.2 Visible Light Communication Market, By Component
    4.3 Free Space Optics Market, By Application
    4.4 Visible Light Communication Market, By Transmission Type
    4.5 Free Space Optics Market, By Region
    4.6 Visible Light Communication Market Life Cycle Analysis, By Geography (2017)

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 History and Evolution of Owc
           5.2.1 Overview of Ronja Device
    5.3 Free Space Optics Market
           5.3.1 Introduction
           5.3.2 Working
           5.3.3 Market Segmentation
                    5.3.3.1 Free Space Optics Market, By Application
                    5.3.3.2 Free Space Optics Market, By Region
           5.3.4 Market Dynamics
                    5.3.4.1 Drivers
                               5.3.4.1.1 Last Mile Connectivity
                               5.3.4.1.2 No Licensing Required
                               5.3.4.1.3 Alternative Solution to Overburdened RF Technology for Outdoor Networking
                    5.3.4.2 Restraints
                               5.3.4.2.1 Degradation of Signals Due to Environmental Interference
                               5.3.4.2.2 High Installation Cost
                    5.3.4.3 Opportunities
                               5.3.4.3.1 Affordable Extension in Existing Fiber Network
                               5.3.4.3.2 Increasing Number of Space Research Programs
                               5.3.4.3.3 Replacement of Old Technologies With FSO Technology for Enterprise Connectivity
                    5.3.4.4 Challenges
                               5.3.4.4.1 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 Segmentation
                    5.4.3.1 VLC Market, By Component
                    5.4.3.2 Visible Light Communication Market, By Transmission Type
                    5.4.3.3 VLC Market, By Application
                    5.4.3.4 VLC Market, By Region
           5.4.4 Market Dynamics
                    5.4.4.1 Drivers
                               5.4.4.1.1 Faster and Safer Data Transfer Than Other Competing Technologies
                               5.4.4.1.2 RF Spectrum Bandwidth Crunch
                               5.4.4.1.3 No Bandwidth Limitation and Less Energy Consumption
                               5.4.4.1.4 Greener, Cleaner, and Safer Technology
                    5.4.4.2 Restraints
                               5.4.4.2.1 Dominance of Competing Technology
                               5.4.4.2.2 Applicable Only for Short-Range Communication Applications and Requirement of Direct Los
                    5.4.4.3 Opportunities
                               5.4.4.3.1 Global Acceptance By Electronic Device Manufacturers
                               5.4.4.3.2 Commercialization of the Technology for Two-Way Communication
                               5.4.4.3.3 Government Funding
                               5.4.4.3.4 Emergence of New Applications Such as Iot and 5g
                    5.4.4.4 Challenges
                               5.4.4.4.1 Lack of Technological Awareness
                               5.4.4.4.2 Lack of Common Standards

6 Industry Trends (Page No. - 64)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Competitive Rivalry

7 Free-Space Optics Market (Page No. - 73)
    7.1 Introduction
    7.2 Free Space Optics Market, By Application
           7.2.1 Mobile Backhaul
           7.2.2 Enterprise Connectivity
           7.2.3 Disaster Recovery
           7.2.4 Defense
           7.2.5 Satellite
           7.2.6 Healthcare
           7.2.7 Security
           7.2.8 Engineering and Design
           7.2.9 Others
    7.3 Free Space Optics Market, By Region
           7.3.1 Americas
           7.3.2 Europe
           7.3.3 Asia-Pacific
           7.3.4 Rest of the World

8 Visible Light Communication Market (Page No. - 92)
    8.1 Introduction
    8.2 VLC Market, By Component
           8.2.1 Light-Emitting Diode
                    8.2.1.1 Phosphorus LEDs
                    8.2.1.2 Red Green Blue (RGB) LEDs
                    8.2.1.3 Resonant Cavity LEDs
                    8.2.1.4 Organic LEDs
                    8.2.1.5 Microlens LEDs
                    8.2.1.6 Near-Infrared Or Ultraviolet LEDs
           8.2.2 Photodetector
                    8.2.2.1 Photodiode
                    8.2.2.2 Image Sensor
           8.2.3 Microcontroller
                    8.2.3.1 Modulator and Demodulator
                               8.2.3.1.1 Modulation
                                             8.2.3.1.1.1 Pulse Width Modulation (PWM)
                                             8.2.3.1.1.2 Pulse Position Modulation (PPM)
                                             8.2.3.1.1.3 Variable Pulse Position Modulation (VPPM)
                                             8.2.3.1.1.4 Pulse Amplitude Modulation (PAM)
                                             8.2.3.1.1.5 Color Shift Keying (CSK)
                                             8.2.3.1.1.6 Frequency Shift Keying (FSK)
                                             8.2.3.1.1.7 Orthogonal Frequency Division Multiplex (OFDM)
                                             8.2.3.1.1.8 Spatial Modulation (SM)
                               8.2.3.1.2 Demodulation
                                             8.2.3.1.2.1 Diode Detector
                                             8.2.3.1.2.2 Synchronous Detector
           8.2.4 Software and Services
    8.3 VLC Market, By Transmission Type
           8.3.1 Unidirectional Transmission
           8.3.2 Bidirectional Transmission
    8.4 VLC Market, By Application
           8.4.1 Smart Store
           8.4.2 Street Lights
           8.4.3 Consumer Electronics
                    8.4.3.1 Residential
                    8.4.3.2 Commercial
           8.4.4 Defense and Security
           8.4.5 Vehicle and Transportation
                    8.4.5.1 Vehicle-To-Vehicle Communication
                    8.4.5.2 Location-Based Service
                    8.4.5.3 Intelligent Transportation System
                               8.4.5.3.1 Advanced Traffic Management System
                               8.4.5.3.2 Advanced Traveler Information System
                               8.4.5.3.3 Vehicle-To-Infrastructure Communications
                               8.4.5.3.4 Advanced Public Transportation System
           8.4.6 Aviation
           8.4.7 Hospital
                    8.4.7.1 Asset Tracking
                    8.4.7.2 Patient Tracking
                    8.4.7.3 Data Monitoring
           8.4.8 Underwater Communication
           8.4.9 Hazardous Environment
           8.4.10 Others
                    8.4.10.1 Museum
                    8.4.10.2 Digital Signage
                    8.4.10.3 Hotel and Casino
                    8.4.10.4 Logistics
    8.5 VLC Market, By Geography
           8.5.1 Americas
           8.5.2 Europe
           8.5.3 Asia-Pacific
           8.5.4 Rest of the World

9 Competitive Landscape (Page No. - 142)
    9.1 Overview
    9.2 Market Ranking Analysis
    9.3 Competitive Scenario
           9.3.1 New Product Launches
           9.3.2 Expansions, Acquisitions, Partnerships, Agreements, Collaborations, and Joint Ventures

10 Company Profiles (Page No. - 149)
     10.1 Introduction
     10.2 Free Space Optics Market Players
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
             10.2.1 Lightpointe Communications, Inc.
             10.2.2 FSONA Networks Corp.
             10.2.3 Plaintree Systems Inc.
             10.2.4 Wireless Excellence Ltd.
             10.2.5 Trimble Hungary Kft.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     10.3 VLC Market Players
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
             10.3.1 Koninklijke Philips N.V.
             10.3.2 General Electric Co.
             10.3.3 Bytelight, Inc. (A Acuity Brand’s Company)
             10.3.4 Panasonic Corp.
             10.3.5 Purelifi Ltd.
             10.3.6 LVX System
             10.3.7 Oledcomm
             10.3.8 Lightbee Corp.
             10.3.9 Outstanding Technology Corp.
             10.3.10 Ibsentelecom Ltd.
             10.3.11 Supreme Architecture Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 180)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (90 Tables)

Table 1 LED vs Laser
Table 2 Ronja Models
Table 3 IRDA Standards
Table 4 FSO vs Other Competing Technologies
Table 5 Advantages and Limitations of FSO
Table 6 Power Loss in FSO System Due to Environmental Interference
Table 7 RF vs FSO for Space Programs
Table 8 VLC vs RF Technology
Table 9 VLC vs Wi-Fi
Table 10 Porter’s Five Forces Analysis With Their Weighted Average
Table 11 Free Space Optics Market, By Application, 2014–2022 (USD Million)
Table 12 Technologies in Mobile Backhaul
Table 13 Capacity of Various Mobile Backhaul Technologies
Table 14 Advantages of FSO as Mobile Carrier Backhaul
Table 15 Free Space Optics Marketfor Mobile Backhaul Application, By Region, 2014–2022 (USD Million)
Table 16 Free Space Optics Market for Enterprise Connectivity Application, By Region, 2014–2022 (USD Million)
Table 17 Free Space Optics Marketfor Disaster Recovery Application, By Region, 2014–2022 (USD Million)
Table 18 Free Space Optics Market for Defense Application, By Region, 2014–2022 (USD Million)
Table 19 Free Space Optics Market for Satellite Application, By Region, 2014–2022 (USD Million)
Table 20 Free Space Optics Market for Healthcare Application, By Region, 2014–2022 (USD Million)
Table 21 Free Space Optics Market for Security Application, By Region, 2014–2022 (USD Million)
Table 22 Free Space Optics Market for Engineering and Design Application, By Region, 2014–2022 (USD Million)
Table 23 Free Space Optics Market for Other Applications, By Region, 2014–2022 (USD Million)
Table 24 Free Space Optics Market, By Region, 2014–2022 (USD Million)
Table 25 Free Space Optics Market in the Americas, By Application, 2014–2022 (USD Million)
Table 26 Free Space Optics Market in Europe, By Application, 2014–2022 (USD Million)
Table 27 Free Space Optics Market in APAC, By Application, 2014–2022 (USD Million)
Table 28 Free Space Optics Market in RoW, By Application, 2014–2022 (USD Million)
Table 29 VLC Market, By Component, 2015–2022 (USD Million)
Table 30 Comparison Between LED, Incandescent, and Fluorescent Lamps
Table 31 Characteristics of Phosphorus LED
Table 32 Characteristics of RGB LED
Table 33 Characteristics of RCLED
Table 34 Characteristics of Oleds
Table 35 VLC Market for LED, By Application, 2015–2022 (USD Million)
Table 36 Comparison Between Ccd and Cmos Sensors
Table 37 Visible Light Communication Market for Photodetectors, By Application, 2015–2022 (USD Million)
Table 38 Visible Light Communication Market for Microcontrollers, By Application, 2015–2022 (USD Million)
Table 39 VLC Market for Software, By Application, 2015–2022 (USD Million)
Table 40 Visible Light Communication Market, By Transmission Type, 2015–2022 (USD Million)
Table 41 VLC Market, By Application, 2015–2022 (USD Million)
Table 42 List of Some Major Pilot Deployments of VLC in Smart Stores
Table 43 VLC Market for Smart Store Application, By Component, 2015–2022 (USD Million)
Table 44 VLC Market for Smart Store Application, By Region, 2015–2022 (USD Million)
Table 45 List of Some Major Pilot Deployments of VLC in Street Lights
Table 46 VLC Market for Street Light Application, By Component, 2015–2022 (USD Million)
Table 47 VLC Market for Street Light Application, By Region, 2015–2022 (USD Million)
Table 48 Visible Light Communication Market, By Consumer Electronics Application, 2015–2022 (USD Million)
Table 49 VLC Market for Consumer Electronics Application, By Component, 2015–2022 (USD Million)
Table 50 Visible Light Communication Market for Consumer Electronics Application, By Region, 2015–2022 (USD Million)
Table 51 VLC Market for Residential Application, By Region, 2016–2022 (USD Million)
Table 52 Visible Light Communication Market for Commercial Application, By Region, 2015–2022 (USD Million)
Table 53 VLC Market for Defense and Security Application, By Component, 2016–2022 (USD Million)
Table 54 VLC Market for Defense and Security Application, By Region, 2016–2022 (USD Million)
Table 55 VLC Market for Vehicle and Transportation Application, By Type, 2016–2022 (USD Million)
Table 56 Visible Light Communication Market for Vehicle and Transportation Application, By Component, 2016–2022 (USD Million)
Table 57 VLC Market for Vehicle and Transportation Application, By Region, 2016–2022 (USD Million)
Table 58VLC Market for Vehicle-To-Vehicle Communication Application, By Region, 2017–2022 (USD Million)
Table 59 Comparison of Position Detection Tracking Systems Based on Various Technologies
Table 60 VLC Market for Location-Based Service Application, By Region, 2016–2022 (USD Million)
Table 61 Visible Light Communication Market for Intelligent Transportation System Application, By Region, 2016–2022 (USD Million)
Table 62 VLC Marketfor Aviation Application, By Component, 2017–2022 (USD Million)
Table 63 Visible Light Communication Market for Aviation Application, By Region, 2017–2022 (USD Million)
Table 64 VLC Market for Hospital Application, By Type, 2017–2022 (USD Million)
Table 65 VLC Market for Hospital Application, By Component, 2017–2022 (USD Million)
Table 66 Visible Light Communication Market for Hospital Application, By Region, 2017–2022 (USD Million)
Table 67 VLC Market for Asset Tracking Application, By Region, 2017–2022 (USD Million)
Table 68 VLC Market for Patient Tracking Application, By Region, 2017–2022 (USD Million)
Table 69 VLC Market for Data Monitoring Application, By Region, 2017–2022 (USD Million)
Table 70 Visible Light Communication Market for Underwater Communication Application, By Component, 2017–2022 (USD Million)
Table 71 VLC Market for Underwater Communication Application, By Region, 2017–2022 (USD Million)
Table 72 VLC Market for Hazardous Environment Application, By Component, 2017–2022 (USD Million)
Table 73 Visible Light Communication Market for Hazardous Environment Application, By Region, 2017–2022 (USD Million)
Table 74 VLC Market for Other Applications, By Type, 2015–2022 (USD Million)
Table 75 VLC Market for Other Applications, By Component, 2015–2022 (USD Million)
Table 76 VLC Market for Other Applications, By Region, 2015–2022 (USD Million)
Table 77 Visible Light Communication Market for Museum Application, By Region, 2015–2022 (USD Million)
Table 78 VLC Market for Digital Signage Application, By Region, 2016–2022 (USD Million)
Table 79 VLC Market for Hotel and Casino Application, By Region, 2016–2022 (USD Million)
Table 80 Visible Light Communication Marketfor Logistics Application, By Region, 2017–2022 (USD Million)
Table 81 VLC Market, By Region, 2015–2022 (USD Million)
Table 82 Visible Light Communication Market in the Americas, By Application, 2015–2022 (USD Million)
Table 83 VLC Market in Europe, By Application, 2015–2022 (USD Million)
Table 84 Visible Light Communication Market in APAC, By Application, 2015–2022 (USD Million)
Table 85 VLC Market in RoW, By Application, 2015–2022 (USD Million)
Table 86 Market Ranking of Top 3 Players in the Free Space Optics Market, 2016
Table 87 Market Ranking of Top 5 Players in the VLC Market, 2016
Table 88 New Product Launches in FSO and Visible Light Communication Market, January 2014 to December 2016
Table 89 Agreements, Collaborations, and Joint Ventures in FSO and Visible Light Communication Market, January 2014 to December 2016
Table 90 Expansions, Acquisitions, and Partnerships in FSO and Visible Light Communication Market, January 2014 to December 2016


List of Figures (63 Figures)

Figure 1 FSO and Visible Light Communication Market: Research Design
Figure 2 Process Flow
Figure 3 Free Space Optics Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Free Space Optics Market Size Estimation Methodology: Top-Down Approach
Figure 5 Free Space Optics Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Free Space Optics Market for Healthcare Application Estimated to Grow at the Highest Rate During the Forecast Period
Figure 8 Software Component and Bidirectional Transmission Type Would Hold the Major Share of the VLC Market By 2022
Figure 9 Hazardous Environment, Hospital, and Vehicle & Transportation—Three Most Promising Applications of VLC
Figure 10 APAC to Witness Highest Growth Rate for the FSO and VLC Market During the Forecast Period
Figure 11 Standardization of Technology—The Need for the Visible Light Communication MarketToday
Figure 12 The VLC Market for the Software Component Expected to Grow at the Highest Rate During the Forecast Period
Figure 13 FSOs Mobile Backhaul Application and VLCs Smart Stores Application to Hold the Largest Market Shares in 2017
Figure 14 Bidirectional VLC Technology Would Dominate the Market By 2022
Figure 15 Americas is Expected to Account for the Largest Share of the Free Space Optics Market in 2017
Figure 16 Americas Market is in the Introductory Phase
Figure 17 Characteristics of OWC Technologies
Figure 18 Overview of the OWC Technology
Figure 19 Ronja Device Outlook
Figure 20 Free Space Optics Market, By Region
Figure 21 FSO Provides an Alternative Solution to the Overburdened RF Technology for Outdoor Communication
Figure 22 Data Flow Process
Figure 23 VLC Market, By Region
Figure 24 Commercialization of the Technology for Bidirectional Communication is the Major Opportunity for the Visible Light Communication Market
Figure 25 Value Chain Analysis: Major Value is Added During the Research, Design, and Development and Original Equipment Manufacturing Phase
Figure 26 Porter’s Five Forces Analysis
Figure 27 The Impact of Competitive Rivalry Considered to Be High With the Commercialization of VLC Technology as an Indoor Networking Solution
Figure 28 The Impact of Threat of New Entrants is Currently Medium Due to High R&D Expenses and Presence of Prominent Players
Figure 29 Switching Cost is the Major Factor Supporting the Substitute’s Market
Figure 30 Supplier Concentration and Importance of Volume to Supplier Highly Impact Suppliers’ Power
Figure 31 Availability of Substitutes and High Switching Cost are the Only Factors Supporting Buyers’ Bargaining Power
Figure 32 The Intensity of Competitive Rivalry is Expected to Be High Due to High Industry Growth Rate
Figure 33 The Free Space Optics Market for Healthcare Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 34 Free Space Optics Market: Geographic Snapshot
Figure 35 Snapshot of the Free Space Optics Marketin the Americas
Figure 36 Snapshot of the Free Space Optics Market in Europe
Figure 37 Snapshot of the Free Space Optics Market in Asia-Pacific
Figure 38 Snapshot of the Free Space Optics Marketin RoW
Figure 39 VLC Market for the Software Segment to Grow at the Highest Rate During the Forecast Period
Figure 40 Bidirectional Transmission Expected to Register the Highest Growth Rate During the Forecast Period
Figure 41 VLC Market for Hazardous Environment Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 42 Comparison of Consumer Electronics Applications in the VLC Market, 2017 vs 2020 (USD Million)
Figure 43 Vehicle-To-Vehicle Application to Lead the VLC Market for Vehicle and Transportation Application During the Forecast Period
Figure 44 VLC Market for Asset Tracking Application to Grow at the Highest Rate Between 2017 and 2022
Figure 45 VLC Market for Logistics Application to Grow at the Highest Rate Between 2017 and 2022
Figure 46 VLC Market: Geographic Snapshot
Figure 47 Snapshot of the VLC Market in the Americas
Figure 48 Snapshot of the VLC Market in Europe
Figure 49 Snapshot of the VLC Market in APAC
Figure 50 Snapshot of the VLC Market in RoW
Figure 51 in the Free Space Optics Market, Companies Adopted New Product Launches, and in the VLC Market, Agreements and Collaborations Were the Key Growth Strategies Between January 2014 and December 2016
Figure 52 FSO and VLC Market Evaluation Framework
Figure 53 Battle for the Market Share
Figure 54 Lightpointe Communications, Inc.: SWOT Analysis
Figure 55 FSONA Networks Corp.: SWOT Analysis
Figure 56 Plaintree Systems Inc.: Company Snapshot
Figure 57 Koninklijke Philips N.V.: Company Snapshot
Figure 58 Koninklijke Philips N.V.: SWOT Analysis
Figure 59 General Electric Co.: Company Snapshot
Figure 60 General Electric: SWOT Analysis
Figure 61 Bytelight, Inc.: Company Snapshot
Figure 62 Acuity Brands, Inc.: SWOT Analysis
Figure 63 Panasonic Corp.: Company Snapshot

The 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.

The FSO & VLC markets have also been segmented on the basis of applications. The applications of FSO include mobile backhaul, enterprise connectivity, disaster recovery, defense, satellite, healthcare, security, engineering and design, and others. The applications of VLC include smart stores, street lights, consumer electronics, defense and security, vehicle and transportation, aviation, hospital, underwater communication, hazardous environment, and others. Among all these applications, the mobile backhaul and smart stores applications are expected to hold the largest share of the overall free space optics market, respectively, as these applications were the respective early adopters of these technologies.

The FSO & VLC markets have also been broadly classified on the basis of geography into the Americas, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The Americas region is expected to hold the largest share of the FSO & VLC markets in 2017 due to the several government initiatives and deployment of both FSO & VLC systems in this region. The APAC region is expected to grow at the highest rate for both FSO and VLC markets during the forecast period. The increasing manufacturing base, increasing number of communication service subscribers, and various government initiatives are the reason behind the growth of the FSO market in this region.

Free Space Optics (FSO) and Visible Light Communication (VLC) Marke

The degradation of signals due to environmental interference and high installation cost of FSO inhibit the growth of the free space optics market. On the other hand, the dominance of competing technologies and short range and requirement of direct LOS inhibit the growth of the Visible Light Communication Market. Furthermore, for the VLC market, the lack of awareness about the technology and lack of common standards are the major challenging factors.

Some of the key players in the free space optics market are LightPointe Communications, Inc. (U.S.), fSONA Networks Corp. (Canada), Plaintree Systems Inc. (Canada), Wireless Excellence Ltd. (U.K.), and Trimble Hungary Kft. (Hungary), among others. The key players in Visible Light Communication Market include Koninklijke Philips N.V. (Netherlands), General Electric Co. (U.S.), ByteLight, Inc. (Acuity Brands, Inc.) (U.S.), Panasonic Corp. (Japan), LVX System (U.S.), Oledcomm (France), pureLiFi Ltd. (U.K.), LightBee Corp. (Spain), Outstanding Technology Corp. (Japan), IBSENtelecom (Norway), and Supreme Architecture Inc. (U.S.), among others.

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