Optical Wireless Communication

According to the new market research report on "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market by Component (LED, Photodetector, Microcontroller, and Software), Transmission Type, Application, and Geography - Global Forecast to 2023", the free space optics (FSO) market is expected to grow from USD 0.27 billion in 2018 to USD 1.45 billion by 2023, at a CAGR of 39.58% during 2018–2023.

Factors driving the growth of the FSO market include last-mile connectivity, no licensing, and alternative solution to overburdened RF technology for outdoor networking.

Major factors driving this growth are faster and safer data transfer, RF spectrum bandwidth crunch, and less energy consumption.Browse 102 market data Tables and 47 Figures spread through 185 Pages and in-depth TOC on "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market - Global Forecast to 2023"Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=946Early buyers will receive 10% customization on reports.Mobile backhaul and consumer electronics applications expected to hold the largest share of the FSO and VLC markets, respectivelyAmong all the major applications of FSO, the mobile backhaul application is expected to account for the largest share during the forecast period.

This is due to the increasing internet penetration and data traffic from mobile applications, including the Internet, video, and data services, which has grown tremendously with the proliferation of smartphones, tablets, and other wireless devices.

Photodetector is the main component of bidirectional VLC that helps in detecting changes in light intensity from the LED light source.FSO and VLC market in APAC is expected to grow at the highest CAGR during the forecast periodThe FSO market in APAC is expected to grow at the highest CAGR between 2018 and 2023.

Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are the factors driving the FSO market in APAC.

The Global Visible Light Communication /Light Fidelity (Li-Fi) Technology Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Visible light communication (VLC)/ light fidelity (Li-Fi) is a wireless communication technology which is faster than other wireless data communication technologies.

VLC market is growing owing to its restriction free network availability in areas of electromagnetic interference.

Converting LED lights in to wireless transmitters and providing communication facility is the most unique factor of Li-fi technology which is driving the VLC market rapidly.

VLC industry can survive better than other alternatives in demanding environment of wireless communication market owing to its key features and extremely high speed.Report includes a detailed analysis on value chain in order to provide a holistic view of the li-fi technology market.

Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.The li-fi technology market has further been segmented based on types such as light-emitting diode, photo detector, microcontroller and software.

Synopsis:The global Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market was projected at US$ 454.8 million in 2015 and is anticipated to touch US$ 101.30 billion by the completion of the year 2024.

The technology of light fidelity is meant for the wireless communication amid the devices utilizing the spectrum of visible light and infrared to transfer information and location.

For the broadcast of visible light, merely LED lamps can be utilized in its present-day condition.In terms of technology it can be referred to as a visible light transport network system, which is able to conveying information by high speeds above the spectrum of infrared and visible light.

It provides access to multiple user and mobility.Access Sample Report of this report @ https://www.millioninsights.com/industry-reports/visible-light-communication-li-fi-market-size/request-sampleBy way of the continually developing technologies for example Internet of Things (IoT), and 5G wireless broadband, the technology of light fidelity is certainly going to expand to the numerous additional arenas of applications for example education, aviation, healthcare, and retail.

It will entirely alter the presently existing business verticals in the world today.The technology of light fidelity can connect faraway and aloof topographies through the nation that cannot be touched over the optical fiber.

Growing usage of LED lights in light fidelity due to its fewer consumption of energy, extensive life span, low-slung price, and easy obtainability, are bolstering the global market.Additionally, the growing demand for higher bandwidth, rewards linked with visible light communication (vlc) technology, and great development in the Research & Development activities to overwhelm the practical challenges are estimated to motivate the global market for the duration of the forecast.

The global Light Fidelity (Li-Fi) Market was valued at around USD 455 million in 2015.

It is expected to grow beyond USD 101 billion during the forecast period (2016- 2024).Light fidelity is a visible light communication (VLC) system.

Li-Fi uses common household LED light bulbs to transfer data boosting speed up to 224 gb (gigabits) per second.Increasing need for eco-friendly technology is expected to drive the market.

Moreover, longer life, low power consumption, and high illumination are expected to augment market growth in the coming years.

The light fidelity market is split into components, application, and geographies.Browse Details of Report @ https://www.hexaresearch.com/research-report/light-fidelity-li-fi-marketLi-Fi components include LED, photo-detector, and microcontroller.

LED based light-fidelity devices held over 40% of the market share in 2015.These LED lights can be controlled to switch on and off to generate a digital string of binary numbers.

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Lifi (Light Fidelity) technology market Increasing technological superiorities over Wi-Fi technology will help to accelerate the growth of the market.

Less consumption of energy and impeding RF spectrum bandwidth crunch are the factors helping in augmenting the market growth.

Rising prevalence of data security is boosting the market growth in the forecast period of 2020-2027.

Increasing acceptance of light fidelity technology across the globe will increase the market growth in the forecast period of 2020-2027.Limited range of communication will restrict the growth of the Lifi (Light Fidelity) technology market.

Competing technology will capture the market share is another factor that decreases the demand in the market.Lifi (Light Fidelity) technology market is expected to gain market growth in the forecast period of 2020 to 2027.

The Lifi (Light Fidelity) technology market is attaining a significant growth due to factors such as need of high speed data transmission and data security will help to uplift the growth of the market.To Get This Report at 40% Discount, Click Herehttps://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-lifi-light-fidelity-technology-marketMarket Drivers and Restraints:On the basis of component, the Lifi (Light Fidelity) technology market is segmented into light emitting diode, photodetector, microcontroller and software.