Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market

Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market with COVID-19 Impact Analysis by Component (LED, Photodetector, Microcontroller, Software), Transmission Type, Application, Geography - Global Forecast to 2025

Report Code: SE 2601 Nov, 2020, by marketsandmarkets.com

[228 Pages Report] The overall FSO market is expected to grow from USD 402 million in 2020 to USD 1,977 million by 2025; it is expected to grow at a CAGR of 37.5% during 2020–2025. The overall VLC market is expected to grow from USD 6.3 billion in 2020 to USD 80.3 billion by 2025; it is expected to grow at a CAGR of 66.5% during 2020–2025. Key factors fueling the growth of this market include the alternative solution to overburdened RF technology for outdoor networking, last mile connectivity, faster and safer data transfer than other challenging technologies, and less energy consumption by LEDs. The demand for Li-Fi technology is increasing across the world to provide secure communications with high data bandwidth, and so on various applications such as healthcare, consumer electronics, defense, and commercial create a strong demand for FSO/Li-Fi for efficient industrial operations in the midst of COVID-19.

Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market

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Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market

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Li-Fi is the optical wireless communication technology that would provide high-speed data communication for various applications such as healthcare monitoring, consumer electronics, retail, smart citi, and emergency communication system. The FSO and VLC are expected to address the growing demand for high-speed data communication. To provide high-speed data connectivity, Li-Fi technology is required. This technology includes lighting solutions, software-based solutions for network operations, and access points.

However, COVID-19 pandemic has hit the global economy severely. Its impact can be far-reaching and worse if not contained effectively. Several industries have been adversely impacted, and the telecommunication industry is not an exception. The developments in wireless network communications technologies due to an exponential rise in data traffic have resulted in huge investments in Li-Fi technology by network infrastructure providers. The COVID-19 outbreak will certainly delay the deployment of Li-Fi technology, thereby affecting every stakeholder in the supply chain.

Market Dynamics:

Driver: Faster and safer data transfer than other challenging technologies

VLC/Li-Fi technology is very efficient in terms of energy consumption. The VLC system consumes very low energy by using LEDs for the data transmission purpose. VLC technology is a greener, cleaner, and safer technology as it produces no hazardous emissions, unlike RF, and is also biologically safe. Moreover, Visible Light Communication technology is interference-free, which means it does not generate electromagnetic interference as is produced by RF systems. Therefore, it can be used in areas where RF wireless communications are not permitted, such as in hospitals, chemical plants, or on oil rigs or underwater. Thus, faster and safer data communication than other competing technologies is the major driving factor for the VLC technology.

Restraint: Applicable only for short-range communication applications and requirement of direct LoS

As the Visible Light Communication technology depends on light, its major drawback is that the light cannot penetrate solid objects such as walls and wooden doors and windows. For the proper functioning of the technology, direct LoS is required, and the coverage of VLC systems is also very less. Thus, it can be observed that the technology is confined to close spaces. Though it could also mean privacy for the personal user, its use for large-scale delivery of data transmissions is questionable. However, despite its drawbacks, researchers all over the world are trying to further develop this new technology.

Opportunity: High emergence of new applications such as IoT and 5G

Li-Fi is a disruptive technology and can have an impact on many industries. Li-Fi can drive Industry 4.0 applications, provide light-as-a-service (LaaS) in the lighting industry, enable ITS, enhance road safety for semi-autonomous and autonomous cars, enable new ways of health monitoring of aging societies, create new cyber-secure wireless networks, offer new solutions to close the digital divide, and enable high-speed wireless connectivity in future data centers. Li-Fi will play an important role in connecting two major industries, i.e., the wireless communications industry and the lighting industry. In the next 5–10 years, Li-Fi will serve many applications and be an integral part of the emerging smart cities and Industry 4.0. Thus, VLC has huge potential to provide all the features and facilities, as well as assist in the fast commercialization of IoT and 5G technologies by being considered the potential access option for their applications.

Challenge: Lack of technological awareness

Till 2013, there were a limited number of companies active in the field of Visible Light Communication; however, with the growing interest in this field, the number of players is increasing gradually. This technology has not yet been promoted enough. There should be two-way communication between manufacturers and technology providers. However, as the technology is new and developments are still going on, players are not revealing what they are working on, which again creates a gap between manufacturers and consumers as they are not aware of the current status of the technology. This technological awareness is expected to grow as the technology is fully commercialized and enters the mainstream, which is expected by the end of 2020.

Software held the largest market share of Li-Fi market in 2019

The software is expected to account for the largest share of the Li-Fi market by 2025. Due to the commercialization of bidirectional VLC in late 2017, the demand for software solutions is projected to rise and support the uplink and downlink for two-way communications in various applications.

Mobile backhaul and consumer electronics held  largest share of FSO and VLC market in 2019

The mobile backhaul application is expected to continue to account for the largest size of the FSO market. This is due to the increasing internet penetration and data traffic from mobile applications, including the Internet, video, and data services, which has grown tremendously with the proliferation of smartphones, tablets, and other wireless devices. The consumer electronnics application is expected to continue to account for the largest size of the Visible Light Communication market The increase in the number of mobile devices, robots, wearable solutions, and drones, implementation of smart homes, and a rise in the need for high-bandwidth communication are the key factors that are projected to drive the growth of the Visible Light Communication market. For upgraded secure and high-speed communication in indoor applications, the implementation of VLC technology is an ideal technology that is cost-effective and energy-efficient. Hence, this application is projected to record high demand for VLC systems during the forecast period.  

APAC is expected to hold a significant share of FSO and VLC market by 2025.

Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market by Region

APAC accounted for the largest share of the FSO and VLC market by 2025. The FSO and VLC market in APAC is expected to grow at the highest CAGR during the forecast period. Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are the factors driving the FSO market in APAC. Also, with the recent developments and increased expenditure on VLC-related R&D activities, the APAC region is expected to be the fastest-growing market for VLC during the forecast period. Similarly, end-user industries such as automotive, aerospace & defense, and consumer electronics are expected to create huge opportunities for VLC or Li-Fi solution providers.

Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market Ecosystem

Key market players

fSONA Networks Corp. (Canada), Wireless Excellence Limited (UK), Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi Limited (UK), Acuity Brands (US), Panasonic Corporation (Japan), Fraunhofer HHI (Germany), and Trimble Hungary (Hungry)  are a few major companies in the FSO and VLC market. Organic growth strategies, such as product launches and developments, is a focus of many of the companies mentioned above.

Prominent players have adopted product launches and developments, followed by partnerships and acqusistions as the key business strategy to expand their share in the FSO and VLC market. For instance, in September 2020, Fraunhofer HHI (Germany) launched a new LiFi Software Suite for the simulation of networked LiFi systems. This software suite is an innovative solution for the communications and lighting industries to accelerate the adoption of LiFi in practical applications.

Scope of the Report:

Report Metric

Details

 

Market size available for years

 

2016–2025

Base year

2019

Forecast period

2020–2025

Forecast Unit

Value (USD Million)

Segments covered

Transmission Type, Component, Application, and Region

Geographic regions covered

Americas, APAC, Europe, and RoW

Companies covered

fSONA Networks Corp. (Canada), Wireless Excellence Limited (UK), Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi Limited (UK), Acuity Brands (US), Panasonic Corporation (Japan), Fraunhofer HHI (Germany), and Trimble Hungary (Hungry)

This report categorizes the FSO and VLC  market based on transmission type, component, application, and region.

By FSO Componenet

  • Transmitter
  • Reciever
  • Modulator and Demodulator

By FSO Application

  • Mobile Backhaul
  • Enterprise Connectivity
  • Disaster Recovery
  • Defense
  • Satellite
  • Healthcare
  • Security
  • Engineering and Design
  • Others (Redundant link, storage area network, last-mile access, and metropolitan area network)

By Transmission Type (VLC Market):

  • Unidirectional
  • Bidirectional

By Visible Light Communication Componenet

  • LED
  • Photodetector
  • Microcontroller
  • Software

By Visible Light Communication Application

  • Smart Store
  • Street Light
  • Consumer Electronics
    • Residential
    • Commercial
  • Defense and Security
  • Vehicle and Transportation
  • Aviation
  • Hospital
    • Asset Tracking
    • Patient Tracking
    • Data Monitoring
  • Underwater Communication
  • Hazardous Environment
  • Others

By Geography (FSO and VLC)

  • Americas
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Major market developments

  • In January 2020, Oledcomm (France) launched LiFiMAX1G under the LiFiMAX suite. LiFiMAX1G allows connectivity at 1Gbps upstream and 600 Mbps downstream at 1-5m distance for unmatched speed connectivity of IoTs and robots.
  • In June 2019, pureLiFi (UK) entered into a partnership with a telecommunications company called O2 Telefonica (UK) and a lighting company Zumtobel Group (Austria) for using light within an access point installed in the ceiling to send large amounts of data at Gbps speeds to a laptop.
  • In October 2019, Signify (Netherlands) and Vodafone Deutschland (Germany) joined forces to interconnect the two communication technologies 5G and LiFi, providing their customers with ultra-high-speed wireless broadband connectivity).

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE
        FIGURE 1 FSO MARKET: SEGMENTATION
        FIGURE 2 VISIBLE LIGHT COMMUNICATION MARKET: SEGMENTATION
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 VOLUME UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 3 FSO & VLC MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Sampling techniques and data collection methods
                    2.1.2.4 Key industry insights
                    2.1.2.5 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
        FIGURE 4 PROCESS FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach (demand side)
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach (supply side)
                            FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM LI-FI / VLC SOLUTIONS AND SERVICES
                            FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 9 STUDY ASSUMPTION
    2.5 RISK ASSESSMENT
        TABLE 1 LIMITATIONS & ASSOCIATE RISKS

3 EXECUTIVE SUMMARY (Page No. - 46)
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
        FIGURE 10 FREE SPACE OPTICS  MARKET: GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
        FIGURE 11 VISIBLE LIGHT COMMUNICATION MARKET: GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
        FIGURE 12 FSO MARKET FOR HEALTHCARE APPLICATION ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE DURING THE FORECAST PERIOD
        FIGURE 13 VLC MARKET SHARE IN TERMS OF VALUE, BY COMPONENT, 2020 VS. 2025
        FIGURE 14 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATIONS APPLICATION TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
        FIGURE 15 FSO & VLC MARKET FOR APAC TO GROW AT THE HIGHEST RATE

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE FSO & VLC MARKET
        FIGURE 16 GROWTH IN DEMAND FOR SPACE PROGRAMS WITH STRONG COMMUNICATIONS TO BOOST THE FSO MARKET GROWTH
        FIGURE 17 EMERGENCE OF IOT AND 5G TECHNOLOGIES TO BOOST THE LI-FI MARKET GROWTH
    4.2 VLC/LI-FI MARKET, BY TRANSMISSION TYPE
        FIGURE 18 VISIBLE LIGHT COMMUNICATION MARKET FOR BIDIRECTIONAL TRANSMISSION TO GROW AT THE HIGHER CAGR FROM 2020 TO 2025
    4.3 FSO & VISIBLE LIGHT COMMUNICATION MARKET, BY APPLICATION
        FIGURE 19 MOBILE BACKHAUL AND SMART STORE APPLICATIONS ACCOUNTED FOR THE LARGEST MARKET SHARES IN THE FSO AND VLC MARKETS, RESPECTIVELY, IN 2019
    4.4 FSO & VLC MARKET, BY REGION
        FIGURE 20 FSO MARKET TO GROW AT THE HIGHEST CAGR IN APAC FROM 2020 TO 2025
        FIGURE 21 VLC MARKET TO GROW AT THE HIGHEST CAGR IN APAC FROM 2020 TO 2025

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 22 IMPACT OF DRIVERS AND OPPORTUNITIES ON THE FSO & VLC MARKET
        FIGURE 23 IMPACT OF CHALLENGES AND RESTRAINTS ON THE FSO & VLC MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Drivers for the FREE SPACE OPTICS  market
                               5.2.1.1.1 Alternative solution to the overburdened RF technology for outdoor networking
                               5.2.1.1.2 Last Mile connectivity
                    5.2.1.2 Drivers for the VLC market
                               5.2.1.2.1 Faster and safer data transfer than other challenging technologies
                               5.2.1.2.2 Less energy consumption by LEDs
                                         FIGURE 24 LED LIGHTING SALES IN THE SUSTAINABLE DEVELOPMENT SCENARIO, 2015–2030
           5.2.2 RESTRAINTS
                    5.2.2.1 Restraints for the FSO market
                               5.2.2.1.1 High installation price for FSO solutions
                    5.2.2.2 Restraints for the VLC market
                               5.2.2.2.1 Applicable only for short-range communication applications and requirement of direct LoS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Opportunities for the FSO market
                               5.2.3.1.1 Increase in adoption of FSO in place of RF communication
                                         TABLE 2 RF VS. FSO FOR SPACE PROGRAMS
                    5.2.3.2 Opportunities for the VLC market
                               5.2.3.2.1 Growth in adoption of Li-Fi in various industries
                               5.2.3.2.2 High emergence of new applications such as IoT and 5G
                                         FIGURE 25 WIRELESS NETWORK CONNECTIONS, BY TECHNOLOGY, 2018 VS. 2025
                                         FIGURE 26 5G ADOPTION FORECAST, 2020–2025 (BILLION CONNECTIONS)
           5.2.4 CHALLENGES
                    5.2.4.1 Challenges for the FSO Market
                               5.2.4.1.1 Reliability issues due to fading of signals during propagation
                                         TABLE 3 POWER LOSS IN THE FSO SYSTEM DUE TO ENVIRONMENTAL INTERFERENCE
                    5.2.4.2 Challenges for the VLC market
                               5.2.4.2.1 Lack of technological awareness
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 27 VALUE CHAIN ANALYSIS: MOST VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS
    5.4 TECHNOLOGY TRENDS
           5.4.1 ADJACENT TECHNOLOGIES
                    5.4.1.1 Wi-Fi technology
                            TABLE 4 VLC VS. WI-FI
    5.5 VLC/LI-FI CASE STUDIES
           5.5.1 USING LI-FI FOR 5G AND BEYOND BY O2 TELEFONICA
           5.5.2 ACUITY BRANDS CONNECT LI-FI TECHNOLOGY WITH RETAIL
           5.5.3 KYLE ACADEMY, ONE OF THE FIRST INSTITUTES TO OFFER DISRUPTIVE TECHNOLOGY, LI-FI TO THEIR STUDENTS IN THE CLASSROOM
    5.6 PATENT ANALYSIS
           5.6.1 VLC/LI-FI: PATENT ANALYSIS
                    5.6.1.1 Patent registrations, 2015-2020
                            TABLE 5 SOME PATENT REGISTRATIONS, 2015-2020
                    5.6.1.2 Methodology
                    5.6.1.3 Document Type
                            TABLE 6 PATENTS FILED
                            FIGURE 28 PATENTS FILED BETWEEN 2015 & 2019
                    5.6.1.4 pureLiFi Limited
                            TABLE 7 LIST OF PATENTS BY PURELIFI LIMITED
    5.7 TRADE ANALYSIS
           5.7.1 EXPORT SCENARIO OF LED LAMPS
                 FIGURE 29 LED LAMPS EXPORT, BY KEY COUNTRY, 2017–2019 (USD MILLION)
           5.7.2 IMPORT SCENARIO OF LED LAMPS
                 FIGURE 30 LED LAMPS IMPORT, BY KEY COUNTRY, 2017–2019 (USD MILLION)
    5.8 REVENUE SHIFT & NEW REVENUE POCKETS FOR VLC/LI-FI MARKET
        FIGURE 31 REVENUE SHIFT IN THE VLC/LI-FI MARKET
    5.9 VLC/LI-FI ECOSYSTEM
        FIGURE 32 FSO/VLC/LI-FI ECOSYSTEM
    5.10 TARIFF AND REGULATIONS
           5.10.1 TARIFFS
                  TABLE 8 MFN TARIFFS FOR LED LAMPS EXPORTED BY US
                  TABLE 9 MFN TARIFFS FOR LED LAMPS EXPORTED BY CHINA
           5.10.2 NEGATIVE IMPACT OF TARIFFS ON LIGHTING PRODUCTS IN THE LI-FI MARKET
           5.10.3 POSITIVE IMPACT OF TARIFFS ON LIGHTING PRODUCTS IN THE LI-FI MARKET
           5.10.4 REGULATORY PLATFORM
           5.10.5 STANDARDS
                    5.10.5.1 IEEE 802.15.7
                    5.10.5.2 IEEE 802.11
                    5.10.5.3 ITU G.9991
           5.10.6 GOVERNMENT REGULATIONS
    5.11 AVERAGE SELLING PRICE ANALYSIS
         TABLE 10 AVERAGE SELLING PRICE OF FSO AND LI-FI SOLUTIONS FROM 2018 TO 2019
         FIGURE 33 ASP TREND FOR LED BULBS

6 IMPACT OF COVID-19 ON THE FSO AND VLC MARKET (Page No. - 81)
  FIGURE 34 GLOBAL PROPAGATION OF COVID-19
  FIGURE 35 PRE- AND POST-COVID-19 SCENARIO OF THE FSO MARKET, 2017–2025 (USD MILLION)
  FIGURE 36 PRE- AND POST-COVID-19 SCENARIO OF THE FREE SPACE OPTICS  MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
  FIGURE 37 PRE- AND POST-COVID-19 SCENARIO OF FREE SPACE OPTICS MARKET, BY REGION, 2017–2025 (USD MILLION)
  FIGURE 38 PRE- AND POST-COVID-19 SCENARIO OF THE VLC MARKET, 2017–2025 (USD BILLION)
  FIGURE 39 PRE- AND POST-COVID-19 SCENARIO OF THE VISIBLE LIGHT COMMUNICATION MARKET, BY APPLICATION, 2017–2025 (USD BILLION)
  FIGURE 40 PRE- AND POST-COVID-19 SCENARIO OF THE VISIBLE LIGHT COMMUNICATION MARKET, BY REGION, 2017–2025 (USD BILLION)

7 FREE SPACE OPTICS (FSO) MARKET (Page No. - 86)
    7.1 FSO MARKET, BY COMPONENT
           7.1.1 INTRODUCTION
                 FIGURE 41 TRANSMITTER SEGMENT EXPECTED TO BE THE FASTEST-GROWING IN THE FSO MARKET DURING THE FORECAST PERIOD
                 TABLE 11 FSO MARKET, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 12 FSO MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
           7.1.2 TRANSMITTER
                    7.1.2.1 LEDs are mainly used as transmitters in FSO systems
           7.1.3 RECEIVER
                    7.1.3.1 Photodetectors are used as receivers in FSO systems
           7.1.4 MODULATOR AND DEMODULATOR
                    7.1.4.1 Modulators and demodulators are key for efficient communication in FSO systems
    7.2 FSO MARKET, BY APPLICATION
           7.2.1 INTRODUCTION
                 FIGURE 42 FREE SPACE OPTICS MARKET FOR HEALTHCARE APPLICATION EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
                 TABLE 13 FREE SPACE OPTICS  MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 14 FREE SPACE OPTICS  MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
           7.2.2 MOBILE BACKHAUL
                    7.2.2.1 FSO solutions are used to cater to additional bandwidth requirements in mobile backhaul applications
                            TABLE 15 TECHNOLOGIES IN MOBILE BACKHAUL
                            TABLE 16 CAPACITY OF VARIOUS MOBILE BACKHAUL TECHNOLOGIES
                            TABLE 17 ADVANTAGES OF FSO AS MOBILE CARRIER BACKHAUL
                            TABLE 18 FREE SPACE OPTICS  MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 19 FREE SPACE OPTICS  MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.3 ENTERPRISE CONNECTIVITY
                    7.2.3.1 High resistance to signal interception makes FSO highly suitable for enterprise connectivity applications
                            TABLE 20 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 21 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.4 DISASTER RECOVERY
                    7.2.4.1 FSO technology is a suitable option for establishing quick communications in incident areas
                            TABLE 22 FREE SPACE OPTICS MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 23 FREE SPACE OPTICS  MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.5 DEFENSE
                    7.2.5.1 FSO links can help to achieve secure and reliable communication in defense applications
                            TABLE 24 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 25 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.6 SATELLITE
                    7.2.6.1 Ability to transfer data in Gbps without using any licensed spectrum makes FSO ideal for satellite applications
                            TABLE 26 FREE SPACE OPTICS  MARKET FOR SATELLITE APPLICATION, BY REGION,2017–2019 (USD MILLION)
                            TABLE 27 FREE SPACE OPTICS  MARKET FOR SATELLITE APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.7 HEALTHCARE
                    7.2.7.1 Increasing trend of remote health monitoring supporting the deployment of FSO technology for facilitating high volume data transmission
                            FIGURE 43 FSO MARKET FOR HEALTHCARE APPLICATION IN EUROPE EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
                            TABLE 28 FREE SPACE OPTICS  MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 29 FREE SPACE OPTICS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.8 SECURITY
                    7.2.8.1 FSO technology is used for security applications to evade the threat of data interception
                            TABLE 30 FREE SPACE OPTICS  MARKET FOR SECURITY APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 31 FREE SPACE OPTICS  MARKET FOR SECURITY APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.9 ENGINEERING AND DESIGN
                    7.2.9.1 Availability of simulation tools for FSO systems making them well suited for engineering and design applications
                            TABLE 32 FREE SPACE OPTICS  MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 33 FREE SPACE OPTICS  MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2020–2025 (USD MILLION)
           7.2.10 OTHERS
                  TABLE 34 FREE SPACE OPTICS  MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2019 (USD MILLION)
                  TABLE 35 FREE SPACE OPTICS MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
    7.3 FSO MARKET, BY REGION
           7.3.1 INTRODUCTION
                 FIGURE 44 GEOGRAPHIC SNAPSHOT: FSO MARKET
                 TABLE 36 FREE SPACE OPTICS  MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 37 FREE SPACE OPTICS  MARKET, BY REGION, 2020–2025 (USD MILLION)
           7.3.2 AMERICAS
                    7.3.2.1 Government funding for the development of high-speed broadband infrastructure boosting market growth
                            FIGURE 45 AMERICAS: SNAPSHOT OF FSO MARKET
                            TABLE 38 FSO MARKET IN AMERICAS, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 39 FSO MARKET IN AMERICAS, BY APPLICATION, 2020–2025 (USD MILLION)
           7.3.3 EUROPE
                    7.3.3.1 Presence of FSO solution providers propelling market growth
                            FIGURE 46 EUROPE: SNAPSHOT OF FSO MARKET
                            TABLE 40 FREE SPACE OPTICS MARKET IN EUROPE, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 41 FREE SPACE OPTICS  MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
           7.3.4 ASIA PACIFIC
                    7.3.4.1 Growing adoption of communication services and government initiatives to boost the market in APAC
                            FIGURE 47 APAC: SNAPSHOT OF FSO MARKET
                            TABLE 42 FREE SPACE OPTICS MARKET IN APAC, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 43 FREE SPACE OPTICS  MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
           7.3.5 REST OF THE WORLD
                 TABLE 44 FSO MARKET IN REST OF WORLD, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 45 FSO MARKET IN REST OF WORLD, BY APPLICATION, 2020–2025 (USD MILLION)

8 VISIBLE LIGHT COMMUNICATION (VLC) MARKET (Page No. - 113)
    8.1 VLC MARKET, BY COMPONENT
           8.1.1 INTRODUCTION
                 FIGURE 48 SOFTWARE TO BE THE FASTEST-GROWING COMPONENT IN THE VISIBLE LIGHT COMMUNICATION MARKET DURING THE FORECAST PERIOD
                 TABLE 46 VISIBLE LIGHT COMMUNICATION MARKET, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 47 VISIBLE LIGHT COMMUNICATION MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
           8.1.2 LIGHT EMITTING DIODE
                    8.1.2.1 As the light source is the base for VLC technology, LED plays an important role in the VLC component market
                            TABLE 48 COMPARISON BETWEEN LED, INCANDESCENT, AND FLUORESCENT LAMPS
                    8.1.2.2 Phosphorus LEDs
                            TABLE 49 CHARACTERISTICS OF PHOSPHORUS LED
                    8.1.2.3 Red, Green, and Blue (RGB) LEDs
                            TABLE 50 CHARACTERISTICS OF RGB LED
                    8.1.2.4 Resonant Cavity LEDs (RCLEDs)
                            TABLE 51 CHARACTERISTICS OF RCLED
                    8.1.2.5 Organic LEDs (OLEDs)
                            TABLE 52 CHARACTERISTICS OF OLEDS
                    8.1.2.6 Microlens LEDs
                    8.1.2.7 Near infrared or ultraviolet LEDs
                            TABLE 53 VISIBLE LIGHT COMMUNICATION MARKET FOR LED, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 54 VISIBLE LIGHT COMMUNICATION MARKET FOR LED, BY APPLICATION, 2020–2025 (USD MILLION)
                            FIGURE 49 LED SHIPMENTS IN VLC/LI-FI MARKET (MILLION UNITS)
           8.1.3 PHOTODETECTOR
                    8.1.3.1 For modulating the intensity of light, photodetector plays an important role in VLC technology
                    8.1.3.2 Photodiode
                    8.1.3.3 Image sensor
                            TABLE 55 COMPARISON BETWEEN CCD AND CMOS SENSORS
                            TABLE 56 VLC MARKET FOR PHOTODETECTOR, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 57 VLC MARKET FOR PHOTODETECTOR, BY APPLICATION, 2020–2025 (USD MILLION)
           8.1.4 MICROCONTROLLER
                    8.1.4.1 Microcontrollers are used in VLC technology to make data processing simpler
                    8.1.4.2 Modulator and demodulator
                               8.1.4.2.1 Modulation
                                             8.1.4.2.1.1 Pulse Width Modulation (PWM)
                                             8.1.4.2.1.2 Pulse Position Modulation (PPM)
                                             8.1.4.2.1.3 Variable Pulse Position Modulation (VPPM)
                                             8.1.4.2.1.4 Pulse Amplitude Modulation (PAM)
                                             8.1.4.2.1.5 Color Shift Keying (CSK)
                                             8.1.4.2.1.6 Frequency Shift Keying (FSK)
                                             8.1.4.2.1.7 Orthogonal Frequency Division Multiplex (OFDM)
                                             8.1.4.2.1.8 Spatial Modulation (SM)
                               8.1.4.2.2 Demodulation
                                             8.1.4.2.2.1 Diode detector
                                             8.1.4.2.2.2 Synchronous detector
                                                         TABLE 58 VISIBLE LIGHT COMMUNICATION MARKET FOR MICROCONTROLLER, BY APPLICATION, 2017–2019 (USD MILLION)
                                                         TABLE 59 VISIBLE LIGHT COMMUNICATION MARKET FOR MICROCONTROLLER, BY APPLICATION, 2020–2025 (USD MILLION)
           8.1.5 SOFTWARE
                 TABLE 60 VLC MARKET FOR SOFTWARE, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 61 VLC MARKET FOR SOFTWARE, BY APPLICATION, 2020–2025 (USD MILLION)
    8.2 VLC MARKET, BY TRANSMISSION TYPE
        FIGURE 50 BIDIRECTIONAL TRANSMISSION TO REGISTER A HIGHER GROWTH RATE DURING THE FORECAST PERIOD
        TABLE 62 VISIBLE LIGHT COMMUNICATION MARKET, BY TRANSMISSION TYPE, 2017–2019 (USD BILLION)
        TABLE 63 VISIBLE LIGHT COMMUNICATION MARKET, BY TRANSMISSION TYPE, 2020–2025 (USD BILLION)
           8.2.1 UNIDIRECTIONAL TRANSMISSION
           8.2.2 BIDIRECTIONAL TRANSMISSION
    8.3 VLC MARKET, BY APPLICATION
           8.3.1 INTRODUCTION
                 FIGURE 51 UNDERWATER COMMUNICATIONS TO GROW AT THE HIGHEST RATE IN THE MARKET DURING THE FORECAST PERIOD
                 TABLE 64 VISIBLE LIGHT COMMUNICATION MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 65 VISIBLE LIGHT COMMUNICATION MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
           8.3.2 SMART STORES
                    8.3.2.1 To provide improved customer experience, the demand for VLC solutions is projected to grow significantly in smart stores
                            TABLE 66 VISIBLE LIGHT COMMUNICATION MARKET FOR SMART STORE, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 67 VISIBLE LIGHT COMMUNICATION MARKET FOR SMART STORE, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 68 VISIBLE LIGHT COMMUNICATION MARKET FOR SMART STORE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 69 VLC MARKET FOR SMART STORE, BY REGION, 2020–2025 (USD MILLION)
           8.3.3 STREETLIGHT
                    8.3.3.1 Increase in the adoption of LEDs and government projects related to streetlights driving the market growth for VLC technology
                            TABLE 70 VLC MARKET FOR STREETLIGHT, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 71 VISIBLE LIGHT COMMUNICATION MARKET FOR STREETLIGHT, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 72 VISIBLE LIGHT COMMUNICATION MARKET FOR STREETLIGHT, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 73 VISIBLE LIGHT COMMUNICATION MARKET FOR STREETLIGHT, BY REGION, 2020–2025 (USD MILLION)
           8.3.4 CONSUMER ELECTRONICS
                    8.3.4.1 Increase in demand for consumer electronics and mobile subscribers to drive the market growth for VLC technology
                            TABLE 74 VLC MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 75 VISIBLE LIGHT COMMUNICATION MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 76 VISIBLE LIGHT COMMUNICATION MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 77 VLC MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
                            FIGURE 52 VISIBLE LIGHT COMMUNICATION MARKET FOR RESIDENTIAL TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD
                            TABLE 78 VISIBLE LIGHT COMMUNICATION MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 79 VISIBLE LIGHT COMMUNICATION MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2020–2025 (USD MILLION)
                    8.3.4.2 Residential
                    8.3.4.3 Commercial
           8.3.5 DEFENSE AND SECURITY
                    8.3.5.1 Need for secure and reliable communication to drive the demand for VLC links in the defense sector
                            TABLE 80 VLC MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 81 VISIBLE LIGHT COMMUNICATION MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 82 VISIBLE LIGHT COMMUNICATIONMARKET FOR DEFENSE & SECURITY, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 83 VISIBLE LIGHT COMMUNICATION MARKET FOR DEFENSE & SECURITY, BY REGION, 2020–2025 (USD MILLION)
           8.3.6 VEHICLE & TRANSPORTATION
                    8.3.6.1 Using optical solutions for reliable two-way connectivity with high-speed to encourage a high adoption of VLC solutions
                            TABLE 84 VLC MARKET FOR VEHICLE & TRANSPORTATION, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 85 VISIBLE LIGHT COMMUNICATION MARKET FOR VEHICLE & TRANSPORTATION, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 86 VISIBLE LIGHT COMMUNICATION MARKET FOR VEHICLE & TRANSPORTATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 87 VISIBLE LIGHT COMMUNICATION MARKET FOR VEHICLE & TRANSPORTATION, BY REGION, 2020–2025 (USD MILLION)
                            FIGURE 53 VEHICLE-TO-VEHICLE COMMUNICATION TO LEAD THE VLC MARKET FOR VEHICLE & TRANSPORTATION DURING THE FORECAST PERIOD
                            TABLE 88 VLC MARKET FOR VEHICLE & TRANSPORTATION, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 89 VISIBLE LIGHT COMMUNICATION MARKET FOR VEHICLE & TRANSPORTATION, BY APPLICATION, 2020–2025 (USD MILLION)
                    8.3.6.2 Vehicle-to-vehicle communication
                    8.3.6.3 Location-based service
                            TABLE 90 COMPARISON OF POSITION DETECTION WITH VARIOUS TECHNOLOGIES
                    8.3.6.4 Intelligent transportation system
                               8.3.6.4.1 Advanced traffic management system
                               8.3.6.4.2 Advanced traveler information system
                               8.3.6.4.3 Vehicle-to-infrastructure communications
                               8.3.6.4.4 Advanced public transportation system
           8.3.7 AVIATION
                    8.3.7.1 To provide radiation-free communication in aircraft, VLC is an ideal solution for the aviation industry
                            TABLE 91 VLC MARKET FOR AVIATION, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 92 VISIBLE LIGHT COMMUNICATION MARKET FOR AVIATION, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 93 VISIBLE LIGHT COMMUNICATION MARKET FOR AVIATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 94 VISIBLE LIGHT COMMUNICATION MARKET FOR AVIATION, BY REGION, 2020–2025 (USD MILLION)
           8.3.8 HOSPITAL
                    8.3.8.1 Increase in the use of e-healthcare solutions to encourage the use of VLC technology
                            TABLE 95 VLC MARKET FOR HOSPITAL, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 96 VISIBLE LIGHT COMMUNICATION MARKET FOR HOSPITAL, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 97 VISIBLE LIGHT COMMUNICATION MARKET FOR HOSPITAL, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 98 VISIBLE LIGHT COMMUNICATION MARKET FOR HOSPITAL, BY REGION, 2020–2025 (USD MILLION)
                            FIGURE 54 ASSET TRACKING SEGMENT IN THE VLC MARKET TO RECORD THE HIGHEST GROWTH RATE DURING FORECAST PERIOD
                            TABLE 99 VISIBLE LIGHT COMMUNICATION MARKET FOR HOSPITAL, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 100 VISIBLE LIGHT COMMUNICATION MARKET FOR HOSPITAL, BY APPLICATION, 2020–2025 (USD MILLION)
                    8.3.8.2 Asset tracking
                    8.3.8.3 Patient tracking
                    8.3.8.4 Data Monitoring
           8.3.9 UNDERWATER COMMUNICATION
                    8.3.9.1 High demand for high-speed data rate in engineering and design applications
                            TABLE 101 VLC MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 102 VISIBLE LIGHT COMMUNICATION MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2020–2025 (USD MILLION)
                            TABLE 103 VLC MARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 104 VISIBLE LIGHT COMMUNICATIONMARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2020–2025 (USD MILLION)
           8.3.10 HAZARDOUS ENVIRONMENT
                  TABLE 105 VLC MARKET FOR HAZARDOUS ENVIRONMENT, BY COMPONENT, 2017–2019 (USD MILLION)
                  TABLE 106 VISIBLE LIGHT COMMUNICATION MARKET FOR HAZARDOUS ENVIRONMENT, BY COMPONENT, 2020–2025 (USD MILLION)
                  TABLE 107 VISIBLE LIGHT COMMUNICATION MARKET FOR HAZARDOUS ENVIRONMENT, BY REGION, 2017–2019 (USD MILLION)
                  TABLE 108 VISIBLE LIGHT COMMUNICATION MARKET FOR HAZARDOUS ENVIRONMENT, BY REGION, 2020–2025 (USD MILLION)
           8.3.11 OTHERS
                  TABLE 109 VLC MARKET FOR OTHERS, BY COMPONENT, 2017–2019 (USD MILLION)
                  TABLE 110 VISIBLE LIGHT COMMUNICATION MARKET FOR OTHERS, BY COMPONENT, 2020–2025 (USD MILLION)
                  TABLE 111 VISIBLE LIGHT COMMUNICATION MARKET FOR OTHERS, BY REGION, 2017–2019 (USD MILLION)
                  TABLE 112 VISIBLE LIGHT COMMUNICATION MARKET FOR OTHERS, BY REGION, 2020–2025 (USD MILLION)
                  FIGURE 55 DIGITAL SIGNAGE TO GROW AT THE HIGHEST RATE IN THE MARKET BETWEEN 2020 AND 2025
                  TABLE 113 VLC MARKET FOR OTHERS, BY APPLICATION, 2017–2019 (USD MILLION)
                  TABLE 114 VLC MARKET FOR OTHERS, BY APPLICATION, 2020–2025 (USD MILLION)
                    8.3.11.1 Museum
                    8.3.11.2 Digital Signage
                    8.3.11.3 Hotel & Casino
                    8.3.11.4 Logistics
    8.4 VLC MARKET, BY REGION
           8.4.1 INTRODUCTION
                 FIGURE 56 GEOGRAPHIC SNAPSHOT: VLC MARKET
                 TABLE 115 VISIBLE LIGHT COMMUNICATIONMARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 116 VISIBLE LIGHT COMMUNICATION MARKET, BY REGION, 2020–2025 (USD BILLION)
           8.4.2 AMERICAS
                    8.4.2.1 Increase in demand for data communications to drive the market growth of VLC technology
                            FIGURE 57 AMERICAS: SNAPSHOT OF VLC MARKET
                            TABLE 117 VLC MARKET IN AMERICAS, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 118 VISIBLE LIGHT COMMUNICATION MARKET IN AMERICAS, BY APPLICATION, 2020–2025 (USD MILLION)
           8.4.3 EUROPE
                    8.4.3.1 High presence of VLC technology providers to drive the growth of the market in the European region
                            FIGURE 58 EUROPE: SNAPSHOT OF VISIBLE LIGHT COMMUNICATION MARKET
                            TABLE 119 VLC MARKET IN EUROPE, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 120 VISIBLE LIGHT COMMUNICATION MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
           8.4.4 ASIA PACIFIC
                    8.4.4.1 High demand for advanced technologies, such as IoT and 5G, to drive the growth of the VLC market in APAC
                            FIGURE 59 APAC: SNAPSHOT OF VLC MARKET
                            TABLE 121 VISIBLE LIGHT COMMUNICATION MARKET IN APAC, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 122 VLC MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
           8.4.5 REST OF THE WORLD
                    8.4.5.1 Companies are researching on 5G technologies for smart residential applications that drive the demand for VLC solutions in 5G networks
                            TABLE 123 VISIBLE LIGHT COMMUNICATION MARKET IN REST OF WORLD, BY APPLICATION, 2017–2019 (USD MILLION)
                            TABLE 124 VISIBLE LIGHT COMMUNICATION MARKET IN REST OF WORLD, BY APPLICATION, 2020–2025 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 170)
    9.1 INTRODUCTION
        FIGURE 60 IN THE VISIBLE LIGHT COMMUNICATION MARKET, COMPANIES ADOPTED PRODUCT LAUNCHES AS A KEY GROWTH STRATEGY FROM 2017 TO 2020
    9.2 MARKET EVALUATION FRAMEWORK
           9.2.1 MARKET EVALUATION FRAMEWORK FOR VLC
                 TABLE 125 OVERVIEW OF STRATEGIES DEPLOYED BY KEY VLC OEMS
           9.2.2 PRODUCT PORTFOLIO
           9.2.3 REGIONAL FOCUS
           9.2.4 MANUFACTURING FOOTPRINT
           9.2.5 ORGANIC/INORGANIC PLAY
           9.2.6 MARKET EVALUATION FRAMEWORK FOR FSO
                 TABLE 126 OVERVIEW OF STRATEGIES DEPLOYED BY KEY FSO OEMS
           9.2.7 PRODUCT PORTFOLIO
           9.2.8 REGIONAL FOCUS
           9.2.9 MANUFACTURING FOOTPRINT
           9.2.10 ORGANIC/INORGANIC PLAY
    9.3 MARKET PLAYER RANKING AND SHARE ANALYSIS IN VISIBLE LIGHT COMMUNICATION MARKET
        FIGURE 61 SIGNIFY HOLDINGS LED THE VLC MARKET IN 2019
           9.3.1 MARKET SHARE
                 FIGURE 62 SHARE OF LEADING COMPANIES IN THE VISIBLE LIGHT COMMUNICATION MARKET, 2019
                 FIGURE 63 SHARE OF LEADING COMPANIES IN THE FSO MARKET, 2019
           9.3.2 REVENUE ANALYSIS OF TOP MARKET PLAYERS
                 FIGURE 64 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2015-2019
    9.4 COMPANY EVALUATION MATRIX
           9.4.1 STAR
           9.4.2 PERVASIVE
           9.4.3 PARTICIPANTS
           9.4.4 EMERGING LEADERS
                 FIGURE 65 FSO & VLC/LI-FI MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019
    9.5 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
        FIGURE 66 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN FSO AND VLC MARKET
    9.6 START-UP/SME EVALUATION MATRIX, 2019
           9.6.1 PROGRESSIVE COMPANIES
           9.6.2 RESPONSIVE COMPANIES
           9.6.3 DYNAMIC COMPANIES
           9.6.4 STARTING BLOCKS
                 FIGURE 67 VLC/LI-FI MARKET: START-UP/SME EVALUATION MATRIX, 2019
    9.7 COMPETITIVE SITUATIONS & TRENDS
           9.7.1 PRODUCT LAUNCHES
                 TABLE 127 PRODUCT LAUNCHES (2017–2020)
           9.7.2 ACQUISITIONS AND PARTNERSHIPS
                 TABLE 128 ACQUISITIONS AND PARTNERSHIPS (2017–2020)
           9.7.3 COLLABORATIONS, CONTRACTS, & JOINT VENTURES
                 TABLE 129 COLLABORATIONS, CONTRACTS, & JOINT VENTURES (2017–2020)

10 COMPANY PROFILES (Page No. - 187)
(Business Overview, Products Offered, COVID-19-related Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, Weakness and Competitive Threats))*
     10.1 KEY PLAYERS
             10.1.1 FSONA NETWORKS CORP.
             10.1.2 WIRELESS EXCELLENCE LIMITED
             10.1.3 SIGNIFY HOLDING (FORMERLY PHILIPS LIGHTING)
                    FIGURE 68 SIGNIFY HOLDING: COMPANY SNAPSHOT
             10.1.4 OLEDCOMM
             10.1.5 LUCIBEL
                    FIGURE 69 LUCIBEL: COMPANY SNAPSHOT
             10.1.6 PURELIFI LIMITED
             10.1.7 ACUITY BRANDS
                    FIGURE 70 ACUITY BRANDS: COMPANY SNAPSHOT
             10.1.8 PANASONIC CORPORATION
                    FIGURE 71 PANASONIC CORPORATION: COMPANY SNAPSHOT
             10.1.9 FRAUNHOFER HHI
             10.1.10 TRIMBLE HUNGARY LTD.
     10.2 RIGHT TO WIN (VLC MARKET)
     10.3 OTHER COMPANIES
             10.3.1 JSC MOSTCOM (ARTOLINK)
             10.3.2 LVX SYSTEM
             10.3.3 IBSENTELECOM
             10.3.4 LIGHTBEE
             10.3.5 VELMENNI Oά
             10.3.6 VLNCOMM
             10.3.7 IRNAS D.O.O.
             10.3.8 NEXTLIFI
             10.3.9 FIREFLY WIRELESS NETWORKS
             10.3.10 INFINITY TECHNOLOGY SERVICES LIMITED

*Details on Business Overview, Products Offered, COVID-19-related Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, Weakness and Competitive Threats) might not be captured in case of unlisted companies.

11 APPENDIX (Page No. - 222)
     11.1 DISCUSSION GUIDE
     11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     11.3 AVAILABLE CUSTOMIZATIONS
     11.4 RELATED REPORTS
     11.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the FSO and VLC market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the FSO and VLC market begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the FSO and VLC market. Vendor offerings have also been taken into consideration to determine market segmentation. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

The FSO and VLC market comprises several stakeholders, such as suppliers of lighting solutions and networking software. The demand side of this market is characterized by various applications for telecommunication. The supply side is characterized by advancements in types of FSO and VLC  technologies. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the FSO and VLC market and its subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the FSO and VLC market.

Research Objective

  • To define, describe, and forecast the free space optics (FSO) market, in terms of value, segmented into component, application, and region
  • To define, describe, and forecast the visible light communication (VLC) market, in terms of value, segmented into component, transmission type, application, and region
  • To forecast the market size, in terms of value, for various segments with regard to 4 main regions—the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the FSO and VLC market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the value chain of FSO and VLC solutions
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
  • To analyze competitive developments such as partnerships, collaborations, acquisitions, product developments, expansions, and R&D activities in the FSO and VLC market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

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

Critical Questions

  • What new application areas are FSO and VLC  providers exploring?
  • Who are the key market players, and how intense is the competition?
  • Which applications and geographies would be the biggest markets for FSO and VLC?
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market

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