DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Free Space Optics (FSO) and Visible Light Communication (VLC) Market by Component (LED, Photo Detector, Microcontroller, and Software), Transmission Type (Unidirectional and Bidirectional), Application, and Geography - Global Forecast to 2022" report to their offering.
The free space optics (FSO) market is expected to grow at a CAGR of 41.4% between 2017 and 2022, to reach USD 1,198.9 million by 2022 from USD 212.4 million in 2017.
Free licensing and faster and assurance of safer data transfer than other competing technologies drive the FSO and VLC markets, respectively
This growth can be attributed to the last mile connectivity, free licensing of FSO system, and alternative solution for overburdened RF technology for outdoor networking. However, the degradation of signals due to environmental interference and high installation cost restrict the growth of the FSO market. On the other hand, the visible light communication (VLC) market is expected to grow at a CAGR of 62.9% between 2017 and 2022, to reach USD 14.91 billion by 2022 from USD 1.30 billion in 2017.
The major factors driving this growth are faster and safer data transfer than other competing technologies; RF spectrum bandwidth crunch; no bandwidth limitation and less energy consumption; and greener, cleaner, and safer technology. However, the dominance of competing technologies and short range and requirement of direct LOS could restrict the growth of the VLC market.
Healthcare and hazardous environment are expected to be the fastest-growing applications of FSO and VLC markets, respectively, during the forecast period
- Last Mile Connectivity
- No Licensing Required
- Alternative Solution to Overburdened RF Technology for Outdoor Networking
- Degradation of Signals Due to Environmental Interference
- High Installation Cost
- Affordable Extension in Existing Fiber Network
- Increasing Number of Space Research Programs
- Replacement of Old Technologies With FSO Technology for Enterprise Connectivity
- Reliability Issues Due to Fading of Signals During Propagation
- Bytelight, Inc. (A Acuity Brand'S Company)
- FSONA Networks Corp.
- General Electric Co.
- Ibsentelecom Ltd.
- Koninklijke Philips N.V.
- Lightbee Corp.
- Lightpointe Communications, Inc.
- Lvx System
- Outstanding Technology Corp.
- Panasonic Corp.
- Plaintree Systems Inc.
- Purelifi Ltd.
- Supreme Architecture Inc.
- Trimble Hungary Kft.
- Wireless Excellence Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/7rmqr3/free_space_optics