Visible Light Communication (VLC) Market Growth to 2020 Driven by Faster and Safer Data Transfer

Dec 01, 2015, 11:45 ET from RnR Market Research

PUNE, India, December 1, 2015 /PRNewswire/ --

The worldwide free space optics (FSO) and visible light communication (VLC) market report segments the FSO & VLC market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals and regions.

Complete report on free space optics (FSO) and visible light communication (VLC) market spread across 215 pages, profiling 25 companies and supported with 87 tables and 90 figures is now available at .

The global visible light communication (VLC) market is expected to grow from USD 327.8 million in 2015 to USD 8.50billion by 2020, at a CAGR of 91.8% between 2015 and 2020. The growth of the visible light communication market is driven by the factors such as faster and safer data transfer than other competing technologies, RF spectrum bandwidth crunch, no bandwidth limitation, less energy consumption, and greener, cleaner, and safer technology.

On the other hand, the free space optics market is expected to grow from USD 116.7 million in 2015 to USD 940.2 million by 2020, at a CAGR of 51.8% during the forecast period. The factors driving the free space optics (FSO) market are last mile connectivity, license-free, and alternative solution of overburdened RF technology for outdoor networking.

The market for free space optics is in the growth phase, while the market for visible light communication is currently in the introductory phase; both the markets are expected to grow further in the coming years. The ongoing research for overcoming the problem of signal fading due to environmental interference can generate new opportunities for the free space optics market such as affordable extension in existing fiber network, increasing number of space research programs, and replacement of old technologies with free space optics technology for enterprise connectivity. However, factors such as global acceptance by the electronic devices manufacturers, commercialization of the technology for two-way communication, and government funding can generate huge opportunities for visible light communication market in the near future.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people in Tier 1 (55%), Tier 2 (20%), and Tier 3 (25%) companies. The interviews were conducted with various key people such as C-level (60%), director level (25%), and other executives (15%) operating in the global visible light communication and free space optics market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (40%), and RoW (30%).

Major players in visible light communication market include Lightpointe Communications, Inc., FSOna Networks Corp., Canon Inc., Plaintree Systems Inc., Wireless Excellence Limited, Aoptix Technologies, Inc., Communication By Light Gmbh, PAV Data Systems Ltd., Trimble Hungary Kft., Optelix Wireless. The key companies in the free space optics market include Koninklijke Philips N.V., General Electric Co., Bytelight, Inc., Qualcomm Inc., Panasonic Corp., Fujitsu Ltd., Renesas Electronics Corp., Lvx System, Oledcomm, Purelifi Ltd., Lightbee Corp., Outstanding Technology Corp., Axrtek, Ibsentelecom Ltd. and Supreme Architecture Inc. Order a copy of Free Space Optics (FSO) and Visible Light Communication (VLC) Market by Component, Application (Smart Store, Consumer Electronics, Defense, Transportation, Aviation, Hospital, Underwater, and Hazardous Environment), and by Geography - Global forecast to 2020 research report at .

Major players of visible light communication and free space optics ecosystem were identified across region and their offerings, distribution channel; regional presence is understood through in-depth discussions. Also, Average revenue generated by these companies segmented by region was used to arrive at the overall communication test and measurement market size.

On a related note, Near Field Communication Market Global Forecast to 2020 report says that NFC market is in the growing phase and is expected to reach USD 21.84 billion by 2020, at a CAGR of 17.1% between 2015 and 2020. At present, the Americas hold the largest market share and APAC is estimated to be the fastest-growing market. Companies like NXP Semiconductors, Broadcom Corporation, STMicroelectronics N.V., MediaTek, Inc., Renesas Electronics Corporation, Texas Instruments, Gemalto N.V., Huawei Technologies Co. Ltd., INSIDE Secure and Samsung Electronics Company Limited are companies mentioned in this 163 pages research available at .

Explore more reports on information technology & telecommunication market at .

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