PUNE, India -- According to the new market research report "Free Space Optics (FSO) and Visible Light Communication (VLC) Market by Component, Application (Smart Store, Consumer Electronics, Defense, Transportation, Aviation, Hospital, Underwater, and Hazardous Environment), and by Geography - Global forecast to 2020", published by MarketsandMarkets, the FSO market is expected to grow from USD 116.7 Million in 2015 to USD 940.2 Million by 2020, at a CAGR of 51.8% during the forecast period; the VLC market is expected to grow from USD 327.8 Million in 2015 to USD 8.50 Billion by 2020, at a CAGR of 91.8% between 2015 and 2020.
The FSO & VLC markets have a huge potential across the optical wireless communication applications, and are dominant technologies for communication. The factors driving the FSO market are last mile connectivity, license-free, and alternative solution to overburdened RF technology for outdoor networking. The growth of the VLC market is driven by factors such as faster and safer data transfer than other competing technologies, RF spectrum bandwidth crunch, no bandwidth limitation, less energy consumption, and greener, cleaner, and safer technology.
In 2015 the VLC market got commercialized for the unidirectional communication applications:
Mobile backhaul and enterprise connectivity applications were the early adopters of the FSO technology and are also driving the FSO market currently. As of 2015, the VLC market is commercialized only for the purpose of unidirectional communication, and is gaining attention mainly from applications such as smart stores, street lighting, and museums. However, by 2020, bidirectional communication is also expected to be commercialized, which would make consumer electronics the major application of VLC, primarily for indoor networking and positioning.
By 2020, the market share of the photodetector segment is expected to grow very rapidly:
At present, only one-way communication is possible with the help of VLC, which requires the installation of LED and installation of some applications on phones and tablets, and a cloud server to maintain the storage platform. However, with the advent of two-way communication by the end of 2020, the market share of the photodetector segment, which includes photodiodes and image sensors, is expected to grow very rapidly.
Europe accounted for the major share of ~32% of the overall FSO market in 2014. The APAC market is expected to grow at the highest CAGR of 55.2% in the FSO market between 2015 and 2020. The market in the Americas accounted for the largest share of around 42% of the VLC market in 2015. The Asia-Pacific market for VLC is expected to grow at the highest CAGR of 105.8% between 2015 and 2020.
Major players in the FSO market are LightPointe Communications, Inc. (U.S.), fSONA Networks Corp. (Canada), Trimble Hungary Kft. (Hungary), AOptix Technologies, Inc. (U.S.), and Plaintree Systems Inc. (Canada). The key players in the VLC market are Koninklijke Philips N.V. (Netherlands), General Electric Co. (U.S.), ByteLight, Inc. (U.S.), LVX System (U.S.), and pureLiFi Ltd. (U.K.).
This report describes the market trends, drivers, and challenges with respect to the FSO & VLC market and forecasts the market up to 2020. This global report gives a detailed view of the market across the four geographies, namely, the Americas, Europe, the Asia-Pacific, and Rest of the World which includes Middle East and Africa. The report profiles the 10 most promising players in the FSO market and 15 most promising players in the VLC market.
The competitive landscape of the market presents a very interesting picture, wherein the market players from the OEM block of the FSO market value chain have come together and are majorly focusing on the development of advanced and improved FSO products. On the other hand, the VLC market is witnessing large-scale collaborations and partnerships of a number of tier-one players with the VLC technology providers around the globe.
Browse 87 market data Tables and 90 Figures spread through 215 Pages and in-depth TOC on "Free Space Optics (FSO) and Visible Light Communication (VLC) Market" at http://www.marketsandmarkets.com/Market-Reports/visible-light-communication-market-946.html
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