San Francisco, California, April 12, 2018: The emerging popularity of modern optical communication technologies sans fiber cable that can meet the staggering bandwidth requirements is fueling the demand for free space optics (FSO) in various end-use sectors. Together with visible light communication (VLC), FSO is garnering widespread popularity riding on the back of the burgeoning demand for flexible, less-power intensive networks for high-speed communication of data, voice, and video. A new report penned by TMR Research, titled, “Free Space Optics (FSO) and Visible Light Communication (VLC) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, takes a closer look at all such key factors and trends and assesses their impact on the current market trajectory and future growth.
The demand for these networks that can deliver vast improvements in mediums for data transfer where broadband and physical cables are not feasible is providing a robust impetus to the growth of the FSO and VLC market.
Several merits account for the attractiveness of FSO and VLC. Easy deployment, low initial investment, immunity from electromagnetic and radio-magnetic interference, and remarkably low error rate are merits acting as compelling propositions to their demand. The rising need for high-speed networking in various indoor applications will support the deployment of VLC. Furthermore, world over, the proliferating use of smartphones has accentuated the need for secure mediums of data transfers, thereby catalyzing the growth of the global FSO and VLC market.
Get Sample Copy of this Report @
The markedly rising demand for secure wireless communication technologies that can connect a variety of mobile devices with ease is a notable fortifying the demand for free space optics and visible light communication technologies. The benefit of free licensing of FSO is a key factor that has made the technology to gain immense traction across wireless service providers. The scope of seamless connectivity in FSO and VLC and the potential to secure last mile access with low investment are crucial factors accounting for the lucrativeness of the market.
FSO and VLC are witnessing notably rising demand for the healthcare end-use industry. Given the crucial need for high-speed data transfer and the health hazards posed by radio waves used in wireless technologies are factors that will catalyze the application of these optical communication technologies.
Regionally, North America is one of the most lucrative markets for FSO and VLC. The growth is expected to be led by the U.S. and Canada and is attributed to the presence of an advanced telecom infrastructure leaving wide room for the adoption of these technologies. Meanwhile, Asia Pacific is poised to rise at an attractive pace over the forecast period, driven by the soaring number of manufacturing outlets.
Some of the key players operating in the free space optics and visible light communication market include Panasonic Corp., General Electric Co., Koninklijke Philips N.V., Wireless Excellence Ltd., Plaintree Systems Inc., LightPointe Communications, Inc., fSONA Networks Corp., and Trimble Hungary Kft.