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Free Space Optics (FSO) and Visible Light Communication (VLC) Market for Industry Research, Demand, Transmission Type, Component, Application, Growth Scenario and Global Analysis 2018-2024
"Free Space Optics (FSO) and Visible Light Communication (VLC) Market "
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Market Analysis: Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market
The global free space optics (FSO) market accounted for USD 151.01million in 2016 and is projected to grow at a CAGR of 36.1% during the forecast period of 2017 to 2024. The global visible light communication (VLC) market accounted for USD 1.28billion in 2016 and is projected to grow at a CAGR of 61.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market
Free space optics (FSO) is the transmission of infrared beams in order to get optical communication. It is dependent on the medium due to fog, rain, scattering, obstruction, atmospheric turbulence and many more. Visible light communication (VLC) is communication technique which consists of high bandwidth and does not have any affect from electromagnetic sources. Here, the visible spectrum is regulated to transfer data.
Major Market Drivers for Free Space Optics (FSO):
Replacement of old technology with free space optics
No need of licensing
Rise in the number of space researches
Market Restraint for Free Space Optics (FSO):
Increase in fitting charges
Deterioration of signals due to government inference
Major Market Drivers for Visible Light Communication (VLC):
Safer and faster technology along with cleaner technology
Low consumption of technology and no bandwidth limitation
Evolution of recent application such as Internet of Things and 5G
Market Restraintfor Visible Light Communication (VLC):
Utilize only for short range operation
Preeminence of competitive technology
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Market Segmentation: Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market
On the basis of transmission type, the global visible light communication (VLC)market is segmented into unidirectional and bidirectional.
On the basis of component, the global visible light communication (VLC)market is segmented intoled, microcontroller,photodetector, software and services.
On the basis of application, the global free space optics (FSO)market is segmented intomobile backhaul, healthcare,disaster recovery, security, enterprise connectivity, engineering and design, defense and satellite.
On the basis of application, the global visible light communication (VLC)market is segmented intoStreet Lights, Consumer Electronics, Smart Store, Defense & Security, Hospital,Aviation, Transportation & Vehicle,Underwater Communication and Hazardous Environment.
On the basis of geography, the global free space optics (FSO) and visible light communication (VLC)market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market
The global free space optics (FSO) and visible light communication (VLC)market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Major Market Competitors: Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market
Some of the major players in global free space optics (FSO) and visible light communication (VLC) market include fSONA Networks Corp., Trimble Hungary Kft, Lightpointe Communications, Inc., Plaintree Systems Inc., Wireless Excellence Ltd., Koninklijke Philips N.V., Panasonic Corporation., GENERAL ELECTRIC, Purelifi Ltd., Qualcomm Technologies Inc., Optelix Wireless, Axrtek,Oledcomm, Bytelight, Inc., Lightbee Corp., LVX System, Pav Data Systems Ltd., Renesas Electronics Corporation, IBSENtelecom Ltd., Outstanding Technology Corp., AOptix Technologies, Inc.and Supreme Architecture Inc. among others.
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Research Methodology: Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your inquiry.
Some of the key research methodologies used by DBMR research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.
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