A market research report, “Global Visible Light Communication (VLC)/Li-Fi Technology & Free Space Optics (FSO) Market (2013-2018) – By Component, Application (Intelligent Traffic Management Systems, Indoor Networking, In-flight Entertainment, Underwater Communication, Location Based Service) & Geography,” has been published by MarketsandMarkets.
The VLC/Li-Fi market is expected to reach $6 billion by 2018 with an estimated CAGR of 82 percent from 2013 to 2018. The FSO technology market is expected to reach $3 billion by 2018, with an estimated CAGR of 29.3 percent from 2013 to 2018.
Optical wireless communication networks like VLC/Li-Fi and FSO are going to be introduced in the market as complementary technologies for Wi-Fi, Bluetooth and WiMAX. VLC/Li-Fi uses visible light as a medium of communication, whereas FSO uses IR spectrum. Visible light communication provides high speed and secure communication as compared to Wi-Fi, Bluetooth or WiMAX, which use the RF band for communication. With the bandwidth crunch caused by increased data usage, network providers are turning to alternatives like VLC/Li-Fi and FSO to relieve Internet traffic. Last-mile connectivity and high-speed network speed are important drivers of the VLC/Li-Fi market.
The VLC technology market covers revenues, and a forecast of VLC/Li-Fi components, major applications that are expected to be commercialized in the next two years, and FSO applications. VLC applications covered in this report include intelligent traffic management system, indoor communication, in-flight entertainment, underwater communications and location-based services. FSO applications include enterprise communications, mobile carrier backhaul and military and aerospace.