Free Space Optics (FSO) and Visible Light Communication Market Size 2021 Global Share, Business Growth, Trend, Segmentation, Top Key Players Analysis Industry, Opportunities and Forecast to 2030

Global Free Space Optics (FSO) and Visible Light Communication Market is valued approximately USD 282.6 million in 2018 and is anticipated to grow with a healthy growth rate of more than 36% over the forecast period 2019-2026.   Free space optics (FSO) is a communication technology that utilizes the traveling light in the free space such as outer space, air and vacuum for the optical communication purpose. This technology is very beneficial in conditions where the natural connection of optical fiber cable is unreasonable due to issues such as high costs. Whilst, the visible light communication (VLC) is a section of optical wireless communications technology, that uses the light that is detectable between the ranges of 400 to 800 THz in order to transmit the signals from 1-2 km. Increasing demand for alternate old technology with FSO startups coupled with rise in the number of space researches are key driving forces of the market growth. Furthermore, Emergence of new applications such as IoT and 5G is expected to create significant growth opportunity in the market over the forecast period.  However, increase in fitting charges impedes the growth of the market over the forecast period of 2019-2026.   

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Free Space Optics (FSO) and Visible Light Communication market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to huge investment in telecom   infrastructure, government funding and deployment of several VLC systems in commercial and public places. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing CAD industry, recent development and increased expenditure on VLC related R&D activities in region would create lucrative growth prospects for the Free Space Optics (FSO) and Visible Light Communication market across Asia-Pacific region.

 Market player included in this report are::
* LightPointe Communications
* fSONA Networks
* Wireless Excellence
* Plaintree Systems
* Trimble Hungary
* Signify Holding (Formerly Philips Lighting)
* Oledcomm
* Lucibel
* pureLiFi
* Acuity Brands


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
 Light Emitting Diode
  Photodetector
  Microcontroller

By Transmission Type:
 Unidirectional Transmission
 Bidirectional Transmission

By Application:
Smart Store
 Streetlight
 Consumer Electronics
  Defense and Security
 Vehicle and Transportation

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Free Space Optics (FSO) and Visible Light Communication Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors  

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Million)
1.2.1. Free Space Optics & Visible Light Communication Market, by Region, 2017-2026 (USD Million)
1.2.2. Free Space Optics & Visible Light Communication Market, by Component, 2017-2026 (USD Million)
1.2.3. Free Space Optics & Visible Light Communication Market, by Transmission Type, 2017-2026 (USD Million)
1.2.4. Free Space Optics & Visible Light Communication Market, by Application, 2017-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Free Space Optics & Visible Light Communication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Free Space Optics & Visible Light Communication Market Dynamics
3.1. Free Space Optics & Visible Light Communication Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Free Space Optics & Visible Light Communication Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Free Space Optics & Visible Light Communication Market, by Component
5.1. Market Snapshot
5.2. Global Free Space Optics & Visible Light Communication Market by Component, Performance – Potential Analysis
5.3. Global Free Space Optics & Visible Light Communication Market Estimates & Forecasts by Component 2016-2026 (USD Million)
5.4. Free Space Optics & Visible Light Communication Market, Sub Segment Analysis
5.4.1. Light Emitting Diode
5.4.2. Photodetector
5.4.3. Microcontroller
Chapter 6. Global Free Space Optics & Visible Light Communication Market, by Transmission Type
6.1. Market Snapshot
6.2. Global Free Space Optics & Visible Light Communication Market by Transmission Type, Performance – Potential Analysis
6.3. Global Free Space Optics & Visible Light Communication Market Estimates & Forecasts by Transmission Type 2016-2026 (USD Million)

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