HOME Top Market Reports Free Space Optics (FSO) and Visible Light Communication (Li Fi) Market by Component, Application (Smart Store, Consumer Electronics, Defense, Transportation, Aviation, Hospital, Underwater, and Hazardous Environment), and by Geography - Global forecast to 2020

Free Space Optics (FSO) and Visible Light Communication (Li Fi) Market by Component, Application (Smart Store, Consumer Electronics, Defense, Transportation, Aviation, Hospital, Underwater, and Hazardous Environment), and by Geography - Global forecast to 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: SE 2601

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With the introduction of VLC as an optical indoor networking technology, FSO technology got its counterpart; it is now expected that both the technologies would revolutionize the future wireless communication market by making optical transmission possible for both indoor as well as outdoor usage. The market for FSO is in the growth phase, while the market for VLC is currently in the introductory phase; both the markets are expected to grow further in the coming years. The FSO market is expected to grow from USD 116.7 Million in 2015 to USD 940.2 Million by 2020, at a CAGR of 51.8% during the forecast period. The VLC market is expected to grow from USD 327.8 Million in 2015 to USD 8,502.1 Million by 2020, at a CAGR of 91.8% between 2015 and 2020.

Major players of FSO & VLC ecosystem were identified across region and their offerings, distribution channel, regional presence is understood through in-depth discussions. Also, Average revenue generated by these companies segmented by region were used to arrive at the overall communication test and measurement market size. This overall market size is used in the top-down procedure to estimate the sizes of other individual markets (FSO & VLC solutions) via percentage splits from secondary and primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interview of key insights from industry leaders, such as CEOs, VPs, directors and marketing executives.

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

The figure below illustrates a break-down of the primaries on the basis of the company, designation and region, conducted during the research study. Numbers can be found in pdf brochure.

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

FSO Market Scope:

By FSO Market Application:

  • Mobile Backhaul
  • Enterprise Connectivity
  • Disaster Recovery
  • Defense
  • Satellite
  • Healthcare
  • Security
  • Engineering and Design
  • Others

By FSO Market Component:

  • LEDs
  • Photodiodes
  • Microcontrollers
  • Software

VLC Market Scope:

By Application:

  • Smart Stores
  • Consumer Electronics
  • Defense and Security
  • Vehicle and Transportation
  • Aviation
  • Hospital
  • Underwater Communication
  • Hazardous Environment
  • Others

By Region:

  • Americas
  • Europe
  • Asia-Pacific
  • RoW

This report provides valuable insights regarding various stakeholders of this market such as product manufacturers and suppliers, OEMs, system integrators, middleware and firmware providers, suppliers and distributors, optical wireless communication technology providers, mobile network providers, smart lighting manufacturers, smart home/city service providers, electronic device manufacturers, automobile manufacturers, tracking and monitoring device manufacturers, and standardization and testing firms. This study answers several questions for the stakeholders, primarily which market segments to focus on in next two to five years for prioritizing the efforts and investments.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Free Space Optics 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 Free Space Optics Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 FSO Market Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 FSO Market 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
    2.2 Free Space Optics Market Size Estimation
           2.2.1 FSO Market Bottom-Up Approach
           2.2.2 FSO Market Top-Down Approach
    2.3 Free Space Optics Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Market Opportunities in the Global FSO & VLC Markets
    4.2 Major Components of VLC System
    4.3 FSO & VLC Markets, By Application
    4.4 Regional Analysis of the FSO Market
    4.5 VLC Market Life Cycle Analysis, By Region (2015)

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 History and Evolution of OWC
    5.3 Free Space Optics Market 
           5.3.1 Introduction
           5.3.2 Working
           5.3.3 Market Segmentation
                    5.3.3.1 By Application
                    5.3.3.2 By Region
    5.4 Free Space Optics Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Last Mile Connectivity
                    5.4.1.2 No Licensing Required
                    5.4.1.3 Alternative Solution To Overburdened Rf Technology for Outdoor Networking
           5.4.2 Restraints
                    5.4.2.1 Degradation of Signals Due To Environmental Interference
           5.4.3 Opportunities
                    5.4.3.1 Affordable Extension in Existing Fiber Network
                    5.4.3.2 Increasing Number of Space Research Programs
                    5.4.3.3 Replacement of Old Technologies With FSO Technology for Enterprise Connectivity
           5.4.4 Challenges
                    5.4.4.1 Reliability Issues Due To Fading of Signals During Propagation
    5.5 VLC Market
           5.5.1 Introduction
           5.5.2 Working
           5.5.3 Market Segmentation
                    5.5.3.1 By Type
                    5.5.3.2 By Application
                    5.5.3.3 By Geography
           5.5.4 Market Dynamics
                    5.5.4.1 Drivers
                               5.5.4.1.1 Faster and Safer Data Transfer Than Other Competing Technologies
                               5.5.4.1.2 Rf Spectrum Bandwidth Crunch
                               5.5.4.1.3 No Bandwidth Limitation and Less Energy Consumption
                               5.5.4.1.4 Greener, Cleaner, and Safer Technology
                    5.5.4.2 Restraints
                               5.5.4.2.1 Dominance of Competing Technologies
                               5.5.4.2.2 Short Range and Requirement of Direct Los
                    5.5.4.3 Opportunities
                               5.5.4.3.1 Global Acceptance By Electronic Device Manufacturers
                               5.5.4.3.2 Commercialization of the Technology for Two-Way Communication
                               5.5.4.3.3 Government Funding
                    5.5.4.4 Challenges
                               5.5.4.4.1 Lack of Technological Awareness

6 Industry Trends (Page No. - 63)
    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. - 72)
    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 FSO Market, By Geography
           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. - 98)
    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 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
    8.3 VLC Market, By Application
           8.3.1 Smart Store
           8.3.2 Consumer Electronics
                    8.3.2.1 Residential
                    8.3.2.2 Commercial
           8.3.3 Defense and Security
           8.3.4 Vehicle and Transportation
                    8.3.4.1 Vehicle-To-Vehicle Communication
                    8.3.4.2 Location-Based Service
                    8.3.4.3 Intelligent Transportation System
                               8.3.4.3.1 Advanced Traffic Management System
                               8.3.4.3.2 Advanced Traveler Information System
                               8.3.4.3.3 Vehicle-To-Infrastructure Communications
                               8.3.4.3.4 Advanced Public Transportation System
           8.3.5 Aviation
           8.3.6 Hospital
                    8.3.6.1 Asset Tracking
                    8.3.6.2 Patient Tracking
                    8.3.6.3 Data Monitoring
           8.3.7 Underwater Communication
           8.3.8 Hazardous Environment
           8.3.9 Others
                    8.3.9.1 Street Lights
                    8.3.9.2 Museums
                    8.3.9.3 Digital Signage
                    8.3.9.4 Hotels and Casinos
                    8.3.9.5 Logistics
    8.4 VLC Market, By Geography
           8.4.1 Americas
           8.4.2 Europe
           8.4.3 Asia-Pacific
           8.4.4 Rest of the World+

9 Competitive Landscape (Page No. - 157)
    9.1 Overview
    9.2 Market Ranking Analysis
    9.3 Competitive Scenario
           9.3.1 New Product Launches
           9.3.2 Acquisitions, Agreements, Collaborations, and Partnerships

10 Company Profiles (Page No. - 164)
(Overview, Products and Services, Financials, Strategy & Development)*
     10.1 FSO Market Players
             10.1.1 Lightpointe Communications, Inc.
             10.1.2 FSOna Networks Corp.
             10.1.3 Canon Inc.
             10.1.4 Plaintree Systems Inc.
             10.1.5 Wireless Excellence Limited
             10.1.6 Aoptix Technologies, Inc.
             10.1.7 Communication By Light Gmbh
             10.1.8 PAV Data Systems Ltd.
             10.1.9 Trimble Hungary Kft.
             10.1.10 Optelix Wireless
     10.2 VLC Market Players
             10.2.1 Koninklijke Philips N.V.
             10.2.2 General Electric Co.
             10.2.3 Bytelight, Inc.
             10.2.4 Qualcomm Inc.
             10.2.5 Panasonic Corp.
             10.2.6 Fujitsu Ltd.
             10.2.7 Renesas Electronics Corp.
             10.2.8 Lvx System
             10.2.9 Oledcomm
             10.2.10 Purelifi Ltd.
             10.2.11 Lightbee Corp.
             10.2.12 Outstanding Technology Corp.
             10.2.13 Axrtek
             10.2.14 Ibsentelecom Ltd.
             10.2.15 Supreme Architecture Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 208)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports


List of Tables (87 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 Market
Table 6 Power Loss in FSO System Due To Environmental Interference
Table 7 Rf Versus 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 Weightage Impact
Table 11 Free Space Optics Market Size, By Application, 2013–2020 (USD Million)
Table 12 Technologies Used By Mobile Backhaul
Table 13 Capacity of Various Mobile Backhaul Technologies
Table 14 Advantages of FSO as Mobile Carrier Backhaul
Table 15 Free Space Optics Market Size for Mobile Backhaul Application, By Region, 2013–2020 (USD Million)
Table 16 FSO Market Size For Enterprise Connectivity Application, By Region, 2013–2020 (USD Million)
Table 17 FSO Market Size For Disaster Recovery Application, By Region, 2013–2020 (USD Million)
Table 18 Free Space Optics Market Size For Defense Application, By Region, 2013-2020 (USD Million)
Table 19 FSO Market Size For Satellite Application, By Region, 2013–2020 (USD Million)
Table 20 FSO Market Size For Healthcare Application, By Region, 2013–2020 (USD Million)
Table 21 Free Space Optics Market Size For Security Application, Byregion, 2013–2020 (USD Million)
Table 22 FSO Market Size For Engineering and Design Application, By Region, 2013–2020 (USD Million)
Table 23 FSO Market Size For Other Applications, By Region, 2013–2020 (USD Million)
Table 24 Free Space Optics Market Size, By Region, 2013–2020 (USD Million)
Table 25 FSO Market Size in the Americas, By Application, 2013–2020 (USD Million)
Table 26 FSO Market Size in Europe, By Application, 2013–2020 (USD Million)
Table 27 Free Space Optics Market Size in APAC, By Application, 2013–2020 (USD Million)
Table 28 FSO Market Size in RoW, By Application, 2013–2020 (USD Million)
Table 29 VLC Market Size, By Component, 2015–2020 (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 Size For Led, By Application, 2015–2020 (USD Million)
Table 36 Comparison Between Ccd and Cmos Sensors
Table 37 VLC Market Size For Photodetector, By Application, 2015–2020 (USD Million)
Table 38 VLC Market Size For Microcontroller, By Application, 2015–2020 (USD Million)
Table 39 VLC Market Size For Software, By Application, 2015–2020 (USD Million)
Table 40 VLC Market Size, By Application, 2015–2020 (USD Million)
Table 41 VLC Market Size For Smart Stores Application, By Component, 2015–2020 (USD Million)
Table 42 VLC Market Size For Smart Stores Application, By Region, 2015–2020 (USD Million)
Table 43 VLC Market Size, By Consumer Electronics Application, 2015–2020 (USD Million)
Table 44 VLC Market Size For Consumer Electronics Application, By Component, 2015–2020 (USD Million)
Table 45 VLC Market Size For Consumer Electronics Application, Byregion, 2015–2020 (USD Million)
Table 46 VLC Market Size For Residential Application, By Region, 2015–2020 (USD Million)
Table 47 VLC Market Size For Commercial Application, By Region, 2015–2020 (USD Million)
Table 48 VLC Market Size For Defense and Security Application, By Component, 2015–2020 (USD Million)
Table 49 VLC Market Size For Defense and Security Application, By Region, 2015–2020 (USD Million)
Table 50 VLC Market Size, By Vehicle and Transportation Application, 2015–2020 (USD Million)
Table 51 VLC Market Size For Vehicle and Transportation Application, By Component, 2015–2020 (USD Million)
Table 52 VLC Market Size For Vehicle and Transportation Application, By Region, 2015–2020 (USD Million)
Table 53 VLC Market Size For Vehicle-To-Vehicle Communication Application, Byregion, 2015–2020 (USD Million)
Table 54 Comparison of Position Detection With Various Technologies
Table 55 VLC Market Size For Location-Based Service Application, Byregion, 2015–2020 (USD Million)
Table 56 VLC Market Size For Intelligent Transportation Systems Application, By Region, 2015–2020 (USD Million)
Table 57 VLC Market Size For Aviation Application, By Component, 2015–2020 (USD Million)
Table 58 VLC Market Size For Aviation Application, By Region, 2015–2020 (USD Million)
Table 59 VLC Market Size, By Hospital Application, 2015–2020 (USD Million)
Table 60 VLC Market Size For Hospital Application, By Component, 2015–2020 (USD Million)
Table 61 VLC Market Size For Hospital Application, By Region, 2015–2020 (USD Million)
Table 62 VLC Market Size For Asset Tracking Application, By Region, 2015–2020 (USD Million)
Table 63 VLC Market Size For Patient Tracking Application, By Region, 2015–2020 (USD Million)
Table 64 VLC Market Size For Data Monitoring Application, By Region, 2015–2020 (USD Million)
Table 65 VLC Market Size For Underwater Communication Application, By Component, 2015–2020 (USD Million)
Table 66 VLC Market Size For Underwater Communication Application, By Region, 2015–2020 (USD Million)
Table 67 FSO Market Size For Engineering and Design Application, By Region, 2013–2020 (USD Million)
Table 68 VLC Market Size For Hazardous Environment Application, By Region, 2015–2020 (USD Million)
Table 69 VLC Market Size, By Other Applications, 2015–2020 (USD Million)
Table 70 VLC Market Size For Other Applications, By Component, 2015–2020 (USD Million)
Table 71 VLC Market Size For Other Applications, By Region, 2015–2020 (USD Million)
Table 72 VLC Market Size For Street Lights Application, By Region, 2015–2020 (USD Million)
Table 73 VLC Market Size For Museums Application, Byregion, 2015–2020 (USD Million)
Table 74 VLC Market Size For Digital Signage Application, By Region, 2015–2020 (USD Million)
Table 75 VLC Market Size For Hotels and Casinos Application, By Region, 2015–2020 (USD Million)
Table 76 VLC Market Size For Logistics Application, By Region, 2015–2020 (USD Million)
Table 77 VLC Market Size, By Region, 2015–2020 (USD Million)
Table 78 Americas: VLC Market Size , By Application, 2015–2020 (USD Million)
Table 79 Europe: VLC Market Size , By Application, 2015–2020 (USD Million)
Table 80 VLC Market Size in APAC, By Application, 2015–2020 (USD Million)
Table 81 VLC Market Size in RoW, By Application, 2015–2020 (USD Million)
Table 82 Market Ranking of the Top 5 Players in the Free Space Optics Market, 2014
Table 83 Market Ranking of the Top 5 Players in the VLC Market, 2015
Table 84 New Product Launches in Free Space Optics Market, January 2013 To October 2015
Table 85 New Product Launches in VLC Market, January 2013 To October 2015
Table 86 Acquisitions, Agreements, Collaborations, and Partnerships in Free Space Optics Market, January 2013 To October 2015
Table 87 Acquisitions, Agreements, Collaborations, and Partnerships in VLC Market, January 2013 To October 2015


List of Figures (90 Figures)

Figure 1 FSO & VLC Market: Research Design
Figure 2 Process Flow of Market Size Estimation
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 Healthcare Estimated To Be the Fastest-Growing Application of FSO Throughout the Forecast Period
Figure 8 Led Holds the Major Share of the VLC Component Market Throughout the Forecast Period
Figure 9 Hospital and Vehicle & Transportation: the Two Most Promising Applications of VLC
Figure 10 APAC Likely To Be the Fastest-Growing Region in Both the FSO & VLC Markets During the Forecast Period
Figure 11 Standardization of the Technology—The Need of VLC Market Today
Figure 12 Led Would Continue To Dominate the VLC Market During the Forecast Period
Figure 13 Mobile Backhaul For FSO and Smart Stores For VLC Hold the Largest Market Shares in 2016
Figure 14 Europe Holds the Largest Share of the Free Space Optics Market in 2015
Figure 15 Americas Market Still in the Introduction Phase
Figure 16 Characteristics of OWC Technologies
Figure 17 Overview of the OWC Technology
Figure 18 Free Space Optics Market Segmentation
Figure 19 FSO Market Segmentation: By Application
Figure 20 FSO Market Segmentation: 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 Segmentation
Figure 24 VLC Market Segmentation: By Component
Figure 25 VLC Market Segmentation: By Application
Figure 26 VLC Market Segmentation: By Region
Figure 27 Commercialization of the Technology For Bidirectional Communication Presents Major Opportunity For the VLC Market
Figure 28 Value Chain Analysis: Major Value is Added During the Research, Design, and Development and Original Equipment Manufacturing Phase
Figure 29 Porter’s Five Forces Analysis
Figure 30 With the Commercialization of VLC Technology as an Indoor Networking Solution, Competitive Rivalry is High
Figure 31 The Impact of Threat of New Entrants is Currently Medium Due To High R&D Expenses and Presence of Prominent Players
Figure 32 Switching Cost is the Major Factor Supporting the Substitute’s Market
Figure 33 Supplier Concentration and Importance of Volume To Supplier Highly Impact Suppliers’ Power
Figure 34 Availability of Substitutes and High Switching Cost are the Only Factors Supporting the Buyer’s Bargaining Power
Figure 35 Intensity of Competitive Rivalry Expected To Be High Due To High Industry Growth Rate
Figure 36 Healthcare Application Expected To Be the Fastest-Growing in the FSO Market
Figure 37 Comparison of Mobile Backhaul Application in the Free Space Optics Market, 2015 vs 2020 (USD Million)
Figure 38 Comparison of Enterprise Connectivity Application in the FSO Market, 2015 vs 2020 (USD Million)
Figure 39 Comparison of Disaster Recovery Application in the Free Space Optics Market, 2015 vs 2020
Figure 40 Comparison of Defense Application in the FSO Market, 2015 vs 2020 (USD Million)
Figure 41 Comparison of Satellite Application in the Free Space Optics Market, 2015 vs 2020 (USD Million)
Figure 42 Comparison of Healthcare Application in the FSO Market, 2015 vs 2020 (USD Million)
Figure 43 Comparison of Security Application in the Free Space Optics Market, 2015 vs 2020 (USD Million)
Figure 44 Comparison of Engineering and Design Application in the FSO Market, 2015 vs 2020 (USD Million)
Figure 45 Comparison of Other Applications in the Free Space Optics Market, 2015 vs 2020 (USD Million)
Figure 46 Geographic Snapshot of the FSO Market
Figure 47 Free Space Optics Market Snapshot of the Americas
Figure 48 FSO Market Snapshot of Europe
Figure 49 FSO Market Snapshot of APAC
Figure 50 FSO Market Snapshot of RoW
Figure 51 Photodetector Expected To Be the Fastest-Growing Component in the VLC Market
Figure 52 Comparison of Applications in the VLC Market For Leds, 2017 vs 2020 (USD Million)
Figure 53 Comparison of Applications in the VLC Market For Photodetector, 2017 vs 2020 (USD Million)
Figure 54 Comparison of Applications in VLC Market For Microcontroller, 2017 vs 2020 (USD Million)
Figure 55 Comparison of Applications in the VLC Market For Software, 2017 vs 2020 (USD Million)
Figure 56 Hazardous Environmnet Expected To Be the Fastest-Growing Application in VLC Market
Figure 57 Comparison of Regions in the VLC Market For Smart Stores Application, 2015 vs 2020 (USD Million)
Figure 58 Comparison of Consumer Electronics Application in the VLC Market, 2017 vs 2020 (USD Million)
Figure 59 Comparison of Regions in the VLC Market For Consumer Electronics Application, 2015 vs 2020 (USD Million)
Figure 60 Comparison of Regions in the VLC Market For Defense and Security Application, 2016 vs 2020 (USD Million)
Figure 61 Comparison of Vehicle and Transportation Application in the VLC Market, 2017 vs 2020 (USD Million)
Figure 62 Comparison of Region in the VLC Market For Vehicle and Transportation Application, 2016 vs 2020 (USD Million)
Figure 63 Comparison of Region in the VLC Market For Aviation Application, 2017 vs 2020 (USD Million)
Figure 64 Comparison of Hospital Application in the VLC Market, 2017 vs 2020 (USD Million)
Figure 65 Comparison of Regions in the VLC Market For Hospital Application, 2017 vs 2020 (USD Million)
Figure 66 Comparison of Regions in the VLC Market For Underwater Communication Application, 2017 vs 2020 (USD Million)
Figure 67 Comparison of Regions in the VLC Market For Hazardous Environment Application, 2017 vs 2020 (USD Million)
Figure 68 Comparison of Other Applications in the VLC Market, 2015 vs 2020 (USD Million)
Figure 69 Comparison of Region in the VLC Market For Other Applications, 2015 vs 2020 (USD Million)
Figure 70 Geographic Snapshot of the VLC Market
Figure 71 VLC Market Snapshot of the Americas
Figure 72 VLC Market Snapshot of Europe
Figure 73 VLC Market Snapshot of APAC
Figure 74 VLC Market Snapshot of RoW
Figure 75 The Key Growth Strategies Adopted By the FSO & VLC Players, Between January 2013 and October 2015
Figure 76 Free Space Optics Market Evaluation Framework
Figure 77 Battle For the Market Share
Figure 78 Lightpointe Communications, Inc.: SWOT Analysis
Figure 79 FSOna Networks Corp.: SWOT Analysis
Figure 80 Canon Inc.: Company Snapshot
Figure 81 Plaintree Systems Inc.: Company Snapshot
Figure 82 Koninklijke Philips N.V.: Company Snapshot
Figure 83 Koninklijke Philips N.V.: SWOT Analysis
Figure 84 General Electric Co.: Company Snapshot
Figure 85 General Electric: SWOT Analysis
Figure 86 Acuity Brands, Inc.: SWOT Analysis
Figure 87 Qualcomm Inc.: Company Snapshot
Figure 88 Panasonic Corp.: Company Snapshot
Figure 89 Fujitsu Ltd. : Company Snapshot
Figure 90 Renesas Electronics Corp.: Company Snapshot

The market for FSO is in growth phase, while the market for VLC is in introductory phase. The free space optics market is expected to grow from USD 116.7 Million in 2015 to USD 940.2 Million by 2020, at a CAGR of 51.8% between 2015 and 2020. The VLC market is expected to grow from USD 327.8 Million in 2015 to USD 8.50 billion by 2020, at a CAGR of 91.8% between 2015 and 2020. The factors driving the FSO market are last mile connectivity, license-free, and alternative solution to overburdened RF technology for outdoor networking. On the other hand, the growth of the VLC market is driven by factors such as faster and safer data transfer than other competing technologies, RF spectrum bandwidth crunch, no bandwidth limitation, less energy consumption, and greener, cleaner, and safer technology.

Of all the major applications of FSO Market, mobile backhaul and enterprise connectivity applications were the early adopters of the FSO technology and are also driving the free space optics market currently. The healthcare application is expected to be the fastest-growing application in the FSO market during the forecast period, followed by the disaster recovery application. This is because FSO can be deployed in the healthcare application where wireless communication through radio waves is not allowed due to potential health hazards.

At present, only one-way communication is possible with the help of VLC, which requires the installation of LED and installation of some applications on phones and tablets, and a cloud server to maintain the storage platform. However, the requirement of other hardware components such as microcontroller and photodetectors is very low in one-way communication applications. With the advent of two-way communication by the end of 2020, the market share of the photo detector segment, which includes photodiodes and image sensors, is expected to grow very rapidly.

As of 2015, the VLC market is commercialized only for the purpose of unidirectional communication, and is gaining attention mainly from applications such as smart stores, street lighting, and museums. However, by 2020, bidirectional communication is also expected to be commercialized, which would make consumer electronics the major application of VLC, in which VLC would be used primarily for indoor networking and positioning.

The APAC market is estimated to be the fastest-growing region in both the FSO and VLC market between 2015 and 2020. Increasing manufacturing facilities, advanced infrastructure, and the growing Computer-Aided Design (CAD) industry are the factors driving the FSO market in APAC. Owing to the recent developments and increased expenditure on VLC-related R&D activities, Asia-Pacific is expected to be the fastest-growing market for VLC.

Conversely, factors inhibiting the market growth are the degradation of signals because of environmental interference, which ultimately causes reliability issues due to fading of signals during propagation and high installation cost. Similarly, factors such as dominance of competing technologies, short range, and requirement of direct LOS are major barriers inhibiting the growth of this market.

Major players in the FSO market are LightPointe Communications, Inc. (U.S.), fSONA Networks Corp. (Canada), Trimble Hungary Kft. (Hungary), AOptix Technologies, Inc. (U.S.), and Plaintree Systems Inc. (Canada). The key players of the VLC market are Koninklijke Philips N.V. (Netherlands), General Electric Co. (U.S.), ByteLight, Inc. (U.S.), LVX System (U.S.), and pureLiFi Ltd. (U.K.).

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

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