Visible Light Communication Market is growing at an estimated CAGR of 82% & to reach $6,138.02 Million by 2018 – New Report by MarketsandMarkets
[250 Pages Report] Visible Light Communication Market report categorizes the VLC/Li-Fi & Free Space Optics market based on components, applications and geography.
(PRWEB) February 05, 2013
According to a new market research report “Global Visible Light Communication (VLC)/Li-Fi Technology & Free Space Optics Market (2013-2018) — By Component (LED, Image Sensor, Opto-couplers), Application (Indoor Networking, Underwater Communication, Location Based Service, ITS) & Geography” , published by MarketsandMarkets is expected to reach $6,138.02 million by 2018 with an estimated CAGR of 82% & Free Space Optics Technology market to reach $2,965.82 million by 2018 with at an estimated CAGR of 29.3%.
Browse 91 tables and 35 figures/charts spread through 250 pages combined with an in-depth Table of Content on “Visible Light Communication Technology & Free Space Optics Market (2013-2018) — By Component (LED, Image Sensor, Opto-couplers), Application (Indoor Networking, Underwater Communication, Location Based Service, ITS) & Geography”.
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VLC/Li-Fi is presently the buzzword in the communication (internet) industry. Optical wireless communication networks like VLC/Li-Fi and Free Space Optics are going to be introduced in the market as complementary technologies for WI-Fi, Bluetooth, wimax etc. VLC/Li-Fi uses visible light as a medium of communication,whereas Free Space Optics uses IR spectrum. It provides high speed and secure communication as compared to WI-Fi, Bluetooth or wimax which use RF band for communication. With the bandwidth crunch caused by increased data usage, network providers are turning to alternatives like VLC/Li-Fi and Free Space Optics to relieve the internet traffic.
Last mile connectivity and high speed network speed are important drivers of the VLC/Li-Fi market. Growth in the LED industry is expected to boost the VLC market. Low reliability and high installation costs are expected to the major threats for the VLC market.Along with market dynamics like drivers, restraints, and opportunities, the report also gives insight to the various market parameters such as value chain analysis, and the recent market activity by the leading players for sustainability. Market activity includes mergers, acquisitions, new product developments, collaborations, joint ventures and partnerships by the players in the market.
VLC Technology & Free Space Optics Market covers revenues and forecast of VLC/Li-Fi components, major applications that are expected to be commercialized in next 2 years, and Free Space Optics applications. VLC/Li-Fi components include LED, infrared emitters, opto-couplers and image sensors. VLC applications covered in this report include intelligent traffic management system, indoor communication, in-flight entertainment, underwater communication and location based services. There are prospective future applications of VLC, which are in the development stage; they are M2M communications, smart city, WSN and ubiquitous computing etc. Free Space Optics applications include enterprise communications, mobile carrier backhaul and military & aerospace.
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