Global Free Space Optics (FSO) and Visible Light Communication Market is valued approximately USD 282.6 million in 2018 and is anticipated to grow with a healthy growth rate of more than 36% over the forecast period 2019-2026.
Free space optics (FSO) is a communication technology that utilizes the traveling light in the free space such as outer space, air and vacuum for the optical communication purpose. This technology is very beneficial in conditions where the natural connection of optical fiber cable is unreasonable due to issues such as high costs. Whilst, the visible light communication (VLC) is a section of optical wireless communications technology, that uses the light that is detectable between the ranges of 400 to 800 THz in order to transmit the signals from 1-2 km. Increasing demand for alternate old technology with FSO startups coupled with rise in the number of space researches are key driving forces of the market growth. Furthermore, Emergence of new applications such as IoT and 5G is expected to create significant growth opportunity in the market over the forecast period. However, increase in fitting charges impedes the growth of the market over the forecast period of 2019-2026.
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The regional analysis of global Free Space Optics (FSO) and Visible Light Communication market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to huge investment in telecom infrastructure, government funding and deployment of several VLC systems in commercial and public places. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing CAD industry, recent development and increased expenditure on VLC related R&D activities in region would create lucrative growth prospects for the Free Space Optics (FSO) and Visible Light Communication market across Asia-Pacific region.
Major market player included in this report are:
LightPointe Communications
fSONA Networks
Wireless Excellence
Plaintree Systems
Trimble Hungary
Signify Holding (Formerly Philips Lighting)
Oledcomm
Lucibel
pureLiFi
Acuity Brands
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component:
Light Emitting Diode
Photodetector
Microcontroller
By Transmission Type:
Unidirectional Transmission
Bidirectional Transmission
By Application:
Smart Store
Streetlight
Consumer Electronics
Defense and Security
Vehicle and Transportation
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
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China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Free Space Optics (FSO) and Visible Light Communication Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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