According to new market research report "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" the global VLC market and FSO market is expected to grow at CAGR of 87.31% and 44.93% respectively from 2014 to 2020, which includes an in-depth analysis of the market by component product, application and geography.
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.
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.
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The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across the value chain, with a number of tier-one players around the globe.
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.
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