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

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

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% between 2018 and 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. Factors driving this growth are faster and safer data transfer, RF spectrum bandwidth crunch, and less energy consumption.

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).

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Top 2 Players in the Market

LightPointe Communications (US) is involved in the manufacturing of point-to-point gigabit Ethernet FSO and hybrid optical-radio bridges, and 4G/LTE backhaul radios (60 GHz and 70/80 GHz e-band) for telecom carriers and enterprises such as businesses, schools, and military and government agencies. LightPointe follows the strategy of broadening its product portfolio by continuous investments in new products and solutions, targeting long-term growth. The company offers advanced products to telecom carriers and enterprises such as businesses, schools, and military and government agencies. The company helps revolutionize the FSO market with new technological innovations to improve the quality of optical communication. For instance, in June 2017, LightPointe launched IndustrialLink IL60. It is a wireless bridge that is a ruggedized, special-purpose 60-GHz point-to-point radio designed for robust performance in applications with vibration or movement, such as on rail-based manufacturing platforms, robotic equipment, as well as in special applications in harsh environments.

Signify Holding (Netherlands) develops, manufactures, and sells lighting products worldwide. Signify, formerly known as Philips Lighting, became a standalone company following its spin-off from Royal Philips in 2016. Signify pledges to deliver value beyond illumination – an idea that has required the company to think beyond the more functional world of luminaries and embrace some truly visionary thinking. Signify was the first company to commercially deploy VLC products. It has showcased its VLC offering for smart stores by collaborating with one of the supermarket giants, Carrefour (France) in 2015. Signify has extended its offering from unidirectional VLC platform for indoor positioning system to bidirectional VLC platform for providing high-speed internet with Li-Fi. In March 2018, Philips Lighting started offering Li-Fi systems, in which high-quality LED lighting provides a broadband Internet connection through light waves. As the lighting company for the IoT, Philips Lighting is the first global lighting company to offer Li-Fi-enabled luminaires from its existing office lighting portfolio. Signify has adopted a mix of organic and inorganic growth strategies such as product launches and collaborations to grow in the VLC market. For example, in March 2018, Philips Lighting collaborated with Dubai’s Hamdan Bin Mohammed Smart University (HBMSU) to equip the campus with state-of the-art connected LED lighting controlled by its interact office system.

Related Reports:

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

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Report Code
SE 2601
Published ON
Sep, 2018
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