The demand for improved, faster, and more efficient modes of communication is increasing, and it is finding new applications every day.
A new mode of communication known as Li-Fi is being researched.
Vehicle-to-vehicle communication (V2V communication) is the wireless data exchange between motor vehicles. That enables the user to exchange information about various parameters of the cars like speed, location, and direction wirelessly. The V2V communication technology is helpful for the users to generate and receive signals/messages from all directions at speed up to 10 times per second, thus creating awareness about other vehicles present in proximity in any direction. The pertinent software/safety applications can utilize the signals from the vehicles nearby to detect any threat they pose. When any such threat is detected, the safety system triggers an alert signal in the form of a visual, tangible, or perceptible alert.
The range of V2V signals can be more than 300 meters and can sense any threat caused by traffic, terrain, or weather. The technology of V2V communication is not helpful for the users to survive a crash. Instead, it is beneficial to avoid one. This communication technology is not limited to only V2V but is varied to V2X, i.e., vehicle to everything.
Li-Fi is, also known as Light Fidelity, is a technology that uses light as a medium for communication purposes. It is also known as VLC (Visible Light Communication), removing the complexity of cables in communication. Li-Fi is a very widely emerging technology that has various applications. It is proven to be a relatively more secure, efficient, and faster mode of communication than the existing technology.
Li-Fi can be a very useful technology for V2V communication, overcoming the limitations/drawbacks of the existing technology in terms of speed, accuracy, and security. In a practical application of this technology, each bulb present in the system can be used as a hotspot to transmit wireless data. It can be useful in resolving the issue of the shortage of radio frequency bandwidth. The system warns the driver on detecting any threat and takes the control to steer or control the vehicle if required under such conditions.
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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 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.
