HOME Press Releases Free Space Optics (FSO) worth $1.45 billion and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market worth $75.00 billion by 2023



Free Space Optics (FSO) worth $1.45 billion and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market worth $75.00 billion by 2023


According to the new market research report on "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market by Component (LED, Photodetector, Microcontroller, and Software), Transmission Type, Application, and Geography - Global Forecast to 2023", the free space optics (FSO) market is expected to grow from USD 0.27 billion in 2018 to USD 1.45 billion by 2023, at a CAGR of 39.58% during 2018–2023. Factors driving the growth of the FSO market include last-mile connectivity, no licensing, and alternative solution to overburdened RF technology for outdoor networking. The visible light communication (VLC) market is expected to grow from USD 2.56 billion in 2018 to USD 75.00 billion by 2023, at a CAGR of 96.57% between 2018 and 2023. Major factors driving this growth are faster and safer data transfer, RF spectrum bandwidth crunch, and less energy consumption.

                                                   Request Sample                           Request Sample

Browse 102 market data Tables and 47 Figures spread through 185 Pages and in-depth TOC on "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/visible-light-communication-market-946.html
Early buyers will receive 10% customization on reports.

Mobile backhaul and consumer electronics applications expected to hold the largest share of the FSO and VLC markets, respectively

Among all the major applications of FSO, the mobile backhaul application is expected to account for the largest share during the forecast period. 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. Whereas, VLC market for consumer electronics is expected to hold the largest share by 2023 because many consumer electronics devices already have LED technology integrated into their user interface, implementing VLC connectivity is inexpensive and easy to deploy.

Photodetector expected to be the fastest growing component in the VLC market

The market for photodetector is expected to grow at the highest CAGR during 2018–2023. This growth is attributed to the commercialization of bidirectional VLC. Photodetector will enable the Li-Fi to function as a bidirectional communication system (like a conventional broadband and Wi-Fi). Photodetector is the main component of bidirectional VLC that helps in detecting changes in light intensity from the LED light source.

FSO and VLC market in APAC is expected to grow at the highest CAGR during the forecast period

The FSO market in APAC is expected to grow at the highest CAGR between 2018 and 2023. Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are the factors driving the FSO market in APAC.  The VLC market in APAC is expected to grow at the highest CAGR due to recent developments and increased expenditure on VLC-related R&D activities in APAC.

Major players in the FSO market are LightPointe Communications (US), fSONA Networks (Canada), Wireless Excellence (UK), Plaintree Systems (Canada), and Trimble Hungary (Hungary). Key players of the VLC market are Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi (UK), Acuity Brands (US), General Electric (US), Fraunhofer HHI (Germany), LVX System (US), Panasonic (Japan), and IBSENtelecom (Norway).

Don’t miss out on business opportunities in Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

We will organize an analyst call and demonstrate the latent opportunities and threats which will likely impact your business, at no cost.

Speak to Analyst


* Name :
* Business Email :
* Phone :
* Designation :
* Country:
Report SE 2601: Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market by Component (LED, Photodetector, Microcontroller, and Software), Transmission Type, Application, and Geography - Global Forecast to 2023
* Enter the text from the image
   to the textbox :
1 4 2 3 6  
Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports