Free Space Optics (FSO) and Visible Light Communication (VLC) Market – Size & Share Outlook up to 2024

Free Space Optics (FSO) and Visible Light Communication (VLC) Market

Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market: Overview

Free-space optical communication is a communication technology that utilizes the traveling light in the free space such as air, outer space, and vacuum for the communication purpose. This technology is very helpful in situations where the physical connection of optical fiber cable is unreasonable owing to factors such as high costs. While, the visible light communication is a division of optical wireless communications technology, which utilizes the light that is visible between the ranges of 400 to 800 THz in order to send the signals from 1-2 km.

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Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market: Segmentation

The fiber space optics market is segmented into its application. On the basis of application, the market is segregated into enterprise connectivity, defense, healthcare, engineering and design, mobile backhaul, disaster recovery, satellite, security, and others. The visible light communication market is globally segmented into its component and transmission type. On the basis of a component, the market is categorized into the photodetector, software, LED, and microcontroller. Depending on the transmission type, the market is divided into bidirectional and unidirectional. The fiber space optics and visible light communication market are diversified into regions such as North America, Asia-Pacific, Europe, and Rest of the World.

Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market: Growth Factors

In the past few years, the demand for faster and secure mediums for transferring the data has increased. This is the key factor that drives the free space optics and visible light communication market. Moreover, the introduction of the communication that is two-way expects to increase the adoption of VLC software owing to its control in numerous applications at a time and allowing to be connected with tablets, mobile phones, and other electronic products. Both these technologies are cleaner and greener, consumes minimum energy, and there is no limitation for the bandwidth or RF spectrum bandwidth crunch. Some other factors that favor the market growth are the assurance of secure and faster transfer of data via visible light communication and free licensing of free space optics is expected to trigger the demand of the market. Factors such as degradation of the signal owing to the interferences from the environment and the high cost of installation hamper the market growth.

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Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market: Regional Analysis

North America dominates the market owing to factors such as heavy investments that are made to build a strong telecom infrastructure and the revenue contribution from the developed economies of Canada and the US. Asia Pacific market will expand at a significant rate, owing to large population base and the speedy urbanization in the emerging countries such as South Korea, India, China, and Japan. The rise in the number of manufacturing outlets and the development of the computer-aided design (CAD) industry contribute to the market growth in the Asia-Pacific region.

Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market: Competitive Players

Some of the key market players that are involved in the free space optics include Trimble Hungary Kft, LightPointe Communications, Inc., Wireless Excellence Ltd., fSONA Networks Corp., and Plaintree Systems Inc. The major market players in the visible light communication market include Panasonic Corp., LVX System, General Electric Co., Oledcomm, Koninklijke Philips N.V., and IBSENtelecom.

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About Martin Glenn 226 Articles
Martin Glenn is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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