Global Optical Wireless Communication and LiFi Market Insights and Forecast to 2023
Summary –
A new
market study, “Global Optical Wireless Communication and LiFi Market Insights
and Forecast to 2023 “has been featured on WiseGuyReports.
Due to increasing penetration of the internet and the consequent
need for more bandwidth, as well as for its capability of transmitting data at
very fast speeds, optical wireless communication (OWC) is gaining increasing
interest either alone or as complementary technology to radio-waves-based
wireless networking (WiFi).
There are three categories of optical wireless communication:
visible light (VLC), infrared light (IRC), and ultraviolet light communication
(UVC). Visible light communication that utilizes light-emitting diodes as light
sources is also known as light fidelity (LiFi). LiFi offers additional
advantages compared to other OWC types. In fact, it can use existing
infrastructure (e.g., home, office, retail, and industrial lighting systems)
and, at the same time, it is a very safe and secure technology.
OWC has existing and potential applications in ultra-short,
short, medium, long, and ultra-long range communication and is used in sectors
such as retail, industrial, transportation, healthcare, infrastructure, and defense.
As shown in the Summary Table, the global market for OWC
equipment increased from REDACTED in 2016 to REDACTED in 2017 and is estimated
to be valued at REDACTED by the end of 2018, corresponding to a compounded
annual growth rate (CAGR) of REDACTED during the two-year period. LiFi
currently accounts for the largest share of the market, at an estimated
REDACTED of the total in 2018, corresponding to REDACTED billion in sales. LiFi
is being used primarily for location-based services, indoor communication, and
smart traffic management.
The remaining categories, which include laser-based VLC in
addition to IRC and UVC, are estimated to generate combined equipment revenues
of REDACTED in 2018 (or REDACTED of the total). Among these categories, IRC
represents the largest segment at REDACTED of the total in 2018. The most
relevant applications for IRC are mobile backhaul and fronthaul, defense and
security, and campus and metropolitan area networks.
OWC technology presents some restraints and challenges. Among
others, it requires an unobstructed light path; is presently best suited for
short to mid-range applications; and data uploading technologies are not fully
developed. However, these drawbacks are outnumbered by its advantages.Report
Scope:
This report provides an updated review of optical wireless
communication giving a description of basic equipment configurations. It also
identifies current and emerging applications for this technology.
BCC Research delineates the current market status for OWC
systems, defines trends, and presents growth forecasts for the next five years.
The market is analyzed based on the following segments: OWC type, light source
type, component type, transmission range, application, and region. In addition,
technological issues, including key events and the latest developments, are
discussed.
More specifically, the market analysis conducted by BCC Research
for this report is divided into five sections.
In the first section, an introduction to the topic and an
historical review of OWC and LiFi are provided, including an outline of recent
events. In this section, a brief introduction to the numerous applications of
these technologies is also offered.
The second section provides a technological review of optical
wireless communication and LiFi. This section offers a current description of
various components and systems; the three main types of OWC (visible light
communication, infrared communication, and ultraviolet communication);
technological trends in OWC technology; and new and emerging configurations.
This section concludes with an analysis of the most important technological
developments since 2016, including examples of significant patents recently
issued or applied for, as well as highlighting the most active research
organizations operating in this field.
The third section entails a global market analysis for OWC
systems. Global revenues (sales data in millions of dollars) are presented for
each segment (OWC type, light source type, component type, transmission range,
application, and region), with actual data referring to the years 2016 and
2017, and estimates for 2018. Dollar figures refer to sales of OWC equipment at
the manufacturing level.
The analysis of current revenues is followed by a detailed
presentation of market growth trends, based on industry growth, and industry
and regional trends. The third section concludes by providing projected
revenues for OWC systems within each segment, together with forecast compound
annual growth rates (CAGRs) for the period 2018 through 2023.
In the fourth section of the study, which covers global industry
structure, the report offers a list of the leading suppliers and developers of
OWC equipment, together with a description of their products. The analysis
includes a description of the geographical distribution of these firms and an
evaluation of other key industry players. Detailed company profiles of the top
players are also provided.
The fifth and final section includes an analysis of recently
issued U.S. and international patents, with a summary of patents related to OWC
technologies, equipment, and applications. Patent analysis is performed by
region, country, assignee, patent category, OWC type, component type, and application.
Report Includes:
- 62 data tables
- An overview of the global markets for optical wireless communication (OWC)
and LiFi
- Analyses of global market trends, with data from 2017, estimates for 2018,
and projections of compound annual growth rates (CAGRs) through 2023
- Description of modulation, coding, input-output and signal processing
techniques for OWC and LiFi systems
- Insight into the market through investigation of its value chain,
technological trends, and the global industry structure
- Relevant patent analysis
- Comprehensive profiles of leading players in the market, including Broadcom,
General Electric, Honeywell International, Panasonic and Philips Lighting
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3536416-optical-wireless-communication-and-lifi-global-markets-to-2023
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