Visible Light Communication Market by Geography - Global forecast to 2020

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MarketsandMarkets Presents
Free Space Optics (FSO) and Visible Light
Communication (Li Fi) Market by Component,
Application (Smart Store, Consumer Electronics,
Defense, Transportation, Aviation, Hospital,
Underwater, and Hazardous Environment), and by
Geography - Global forecast to 2020 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 by 2020.
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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. Sample pages of the Report
http//www.marketsandmarkets.com/pdfdownload.asp
?id946 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.
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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.). Report Information http//www.markets
andmarkets.com/requestsample.asp?id946 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.
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