Market Report on Visible Light Communication Market worth $9,289.72 Million by 2020

The major players in VLC and FSO market are pureLiFi Ltd. (U.K.), Bytelight (U.S.), Oldecomm-France LiFi (France), Nakagawa Laboratories (Japan), Outstanding Technology (Japan), LightPointe Communications (U.S.), and fSONA Networks (Canada) are among others.

Browse 87 market data tables, 73 figures spread through 250 pages and in-depth TOC on “Visible Light Communication (VLC)/Light Fidelity (Li-Fi) & Free Space Optics (FSO) Market by Component, Applications (Terrestrial, Mobile, & Satellite for FSO & Communication, Automotive, Healthcare, Aerospace, & Underwater for VLC/Li-Fi), & Geography - Analysis & Forecast to 2014 - 2020”
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The VLC and FSO market is expected to grow at a high rate; both technologies hold a great potential in terms of cost and application across the industry. The VLC technology used in many applications, like communication, automotive, and underwater communication due to low installation cost and research and development. The communication application holds the highest share in VLC application market. Thus, it shows that the communication application with respect to VLC technology has a great potential to increase over a period of time.

This report describes the market trends, drivers, and challenges with respect to the global VLC and FSO market, and forecasts the market from 2014 to 2020, on the basis of the component, applications and geography. This global report gives a detailed view of the market across geographies, namely:the Americas Europe, Asia-Pacific, and RoW. APAC dominates the market in terms of revenue generation. The research and development taking place in APAC region are attracting the key players towards the technology.

Visible Light Communication is the short range optical wireless communication technology used in LEDs for communication and illumination. In VLC, communication and illumination occurs simultaneously. The technology uses transmitter, receiver, modulators and demodulators for communication.

Market by Component:

The component market is segmented into transmitter, receiver, modulators and demodulators. The transmitter market consists of different types of LEDs like: phosphorous LEDs, RGB LEDs, RCLEDs, and OLEDs.

Market by Application:

Visible Light Communication market by Application:

The application market segmented into automotive, healthcare, aerospace, underwater communication and others. The other application includes: smart stores, museums and casinos.

FSO market by Application:

The FSO application market includes terrestrial application, mobile application and satellite application. Terrestrial application is further segmented into enterprise connectivity, healthcare, engineering and design, security, disaster recovery and defense.

Visible light communication is the advanced optical wireless technology used to transmit the data through LEDs; however the technology is in its initial phase. VLC, FSO and Li-Fi technology are already replace the other technology like RF. These technologies offer the high band width and eliminate the problem of limited bandwidth. Japan has first introduced the intelligent traffic management system with VLC technology. VLC technology can also implement on other wireless networking technologies like Wi-Fi and 3G among others. The advancement are taking place in technology like in 2010, its systems were able to achieve data rates of 500 Mbps for a short range of 5 meter. With the ongoing R&D, some research institutes were able to achieve transmission rates of 800Mbps for long-range communication. Now the researchers are looking for Gigabit network with the technology.

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The report provides the profile of all major companies and institutes active in the VLC and FSO market. The report also provides the competitive landscapes of key players, which indicates the growth strategy of VLC market. The report also covers the entire value chain for the market from the raw material supplier to the end user. Along with the value chain, this report also provides an in-depth view on the component, application, and geography for Visible Light Communication technology and for FSO technology for which the report gives view on application and geography segments. The market for VLC technology is estimated to reach $9,289.72 million by 2020, at a CAGR of 87.31% from 2014 to 2020.

In the Visible Light Communication market report, communication application accounts for the largest percentage share, followed by automotive application; whereas transmitter and receiver are highest revenue earner in components market and APAC is the leader in VLC market.

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