[250 Pages 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).
Dallas, TX -- (SBWIRE) -- 09/23/2014 -- The major players in VLC and FSO market are Bytelight (U.S.), Oldecomm-France LiFi (France), Nakagawa Laboratories (Japan), Outstanding Technology (Japan), Lightepoint Communications (U.S.), and fSONA Networks (Canada) are among others.
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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The key players of FSO market include: LSA (U.S.), Society for Optical Communications Systems (Germany), Wireless Excellence (U.K.), FSONA Networks (Canada), and LightPointe Communications (U.S.). The major companies involved in the research and development of VLC/Li-Fi technology are LVX System (U.S.), NAKAGAWA Laboratories (Japan), Oledcomm - France LiFi (France), Outstanding Technology (Japan), and Casio Computer (Japan).
Visible Light Communication (VLC)/ Light Fidelity (Li-Fi) market size is expected to grow with a CAGR of 87.313% from 2014 to 2020. The VLC/Li-Fi technology is still in the research and development phase. However, the commercialization of the technology will start taking place from 2015. Till 2016, the market will enter into almost all the major application areas of Visible Light Communication technology.
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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