Free Space Optics (FSO) Market Growing 39.58% CAGR and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market Growing 96.57% CAGR by 2023

The Global “Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market” research 2018 highlights the major details and provides in-depth analysis of the market along with the future growth. This growth can be attributed to the free licensing of FSO system. As FSO uses laser for transmission purpose, there is no bandwidth deficiency and no licensing required for the allocation of bandwidth.
Download Brochure of Free Space Optics (FSO) and Visible Light

Communication (VLC)/Light Fidelity (Li-Fi) Market spread across 185 Pages, Profiling 15 Companies and Supported with 102 Tables and 47 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=214983

The free space optics (FSO) market is expected to grow from USD 0.27 billion in 2018 to USD 1.45 billion by 2023, at a CAGR of 39.58% between 2018 and 2023. On the other hand, the visible light communication (VLC) market is expected to grow from USD 2.56 billion in 2018 to USD 75.00 billion by 2023, at a CAGR of 96.57% between 2018 and 2023.

Key Target Audience:
• Raw material and manufacturing equipment suppliers
• Electronic design automation (EDA) and design tool vendors
• Product manufacturers and suppliers
• Component manufacturers
• Original equipment manufacturers (OEMs)
• Integrated device manufacturers (IDMs)
• Original design manufacturers (ODMs)
• ODM and OEM technology solution providers
• Assembly, testing, and packaging vendors
• Technology, service, and solution providers
• Intellectual property (IP) core and licensing providers
• Suppliers and distributors
• Government and other regulatory bodies
• Technology investors
• Research institutes and organizations
• Market research and consulting firms

Get More Information on Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market with Forecast, Analysis, Trends and Company Profiles at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=214983 .

Key players in the FSO market are Light Pointe Communications (US), fSONA Networks (Canada), Wireless Excellence (UK), Plaintree Systems (Canada), and Trimble Hungary (Hungary). Key players inthe VLC market are Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi (UK), Acuity Brands (US), General Electric (US), Fraunhofer HHI (Germany), LVX System (US), Panasonic (Japan), and IBSENtelecom (Norway).

“During the forecast period, healthcare and hazardous environment are expected to be the fastest growing application of the FSO and VLC markets”
The healthcare and hazardous environment applications for the FSO and VLC markets are expected to grow at the highest CAGR during 2018–2023. FSOs are hugely deployed in the healthcare application where wireless communication through radio waves is not allowed due to potential health hazards. On the other hand, the rapid adoption of new technologies in hazardous situations and the unavailability of any substitute for communication in it are making the hazardous environment one of the fastest-growing VLC applications.

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“Software is expected to be the dominant market of VLC component, by 2023”
The software is a key component of the VLC system, and it is expected to dominate the VLC market during the forecast period. This is mainly because the two-way communication by VLC technology would allow all electronic devices to communicate with each other and would require efficient software support.

“The Americas is expected to hold the largest share of the FSO and VLC market during the forecast period”
The Americas is expected to hold the largest share of the FSO and VLC market during the forecast period. This is due to the huge investments in telecom infrastructure, government funding, and increasing military expenditure in FSO technology; and the government funding and deployment of several VLC systems in public and commercial places.

Complete report at https://www.reportsnreports.com/reports/214983-global-visible-light-communication-vlc-li-fi-technology-free-space-optics-fso-market-2013-2018-by-component-led-image-sensor-application-indoor-networking-underwater-communication-location-based-service-intelligent-traffic-systems-.html .

Breakdown of the profile of primary participants:
• By Company Type: Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%
• By Designation: C-Level Executives = 55%, Directors= 45%
• By Region: Americas = 45%, Europe = 20%, APAC = 30%, and RoW= 5%

Reasons to Buy the Report
The report would help market leaders/new entrants in the FSO and VLC market in the following ways:
• This report segments the FSO and VLC market comprehensively and provides the closest approximations of the overall market size, as well as that of the sub segments across different applications and regions.
• The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, collaborations, partnerships, product launches, expansions, acquisitions, and contracts, in the FSO and VLC market.

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This release was published on openPR.