Free Space Optics (FSO) and Visible Light Communication (VLC) Market by Component (LED, Photo Detector, Microcontroller, and Software), Transmission Type (Unidirectional and Bidirectional), Application, and Geography - Global Forecast to 2022

 Published On: Feb, 2017 |    No of Pages: 192 |  Published By: MarketsandMarkets | Format: PDF
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Free licensing and faster and assurance of safer data transfer than other competing technologies drive the FSO and VLC markets, respectively

The free space optics (FSO) market is expected to grow at a CAGR of 41.4% between 2017 and 2022, to reach USD 1,198.9 million by 2022 from USD 212.4 million in 2017. This growth can be attributed to the last mile connectivity, free licensing of FSO system, and alternative solution for overburdened RF technology for outdoor networking. However, the degradation of signals due to environmental interference and high installation cost restrict the growth of the FSO market. On the other hand, the visible light communication (VLC) market is expected to grow at a CAGR of 62.9% between 2017 and 2022, to reach USD 14.91 billion by 2022 from USD 1.30 billion in 2017. The major factors driving this growth are faster and safer data transfer than other competing technologies; RF spectrum bandwidth crunch; no bandwidth limitation and less energy consumption; and greener, cleaner, and safer technology. However, the dominance of competing technologies and short range and requirement of direct LOS could restrict the growth of the VLC market.

Healthcare and hazardous environment are expected to be the fastest-growing applications of FSO and VLC markets, respectively, during the forecast period

The healthcare and hazardous environment applications of FSO & VLC, respectively, are expected to grow at the highest rate between 2017 and 2022. FSO is hugely deployed in the healthcare application where wireless communication through radio waves is not allowed due to potential health hazards. On the other hand, the rapid adoption of new technologies in hazardous situations and the unavailability of any substitute for communication in this environment make the hazardous environment one of the fastest-growing VLC applications.

LED held the largest market share in 2016 but software is expected to be the dominant market of VLC component by 2022

The LED component of VLC led the overall VLC market in 2016 as LED is used as a main source of light that acts as a medium of transmission in the VLC technology. The software is also a major component of the VLC market and is expected to be the largest market by 2022. This is mainly due to the expected emergence of various bidirectional communication applications by 2022.

Americas is the largest shareholder, whereas APAC would be the fastest-growing region of the FSO and VLC markets during the forecast period

The Americas held the largest share of the FSO & VLC markets in 2016 due to the huge investments in telecom infrastructure, government funding, and increasing military expenditure in FSO technology as well as the government funding and deployment of several VLC systems in the public and commercial places. However, the APAC market is expected to grow at the highest rate in the FSO market between 2017 and 2022. The increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry would drive the FSO market, while the recent developments and increased expenditure on VLC-related R&D activities would drive the VLC market in APAC.

The breakup of primaries conducted during the study is depicted below:

By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
By Designation: C-Level Executives – 50%, Directors – 25%, and Managers – 25%
By Region: Americas – 60%, Europe – 20%, APAC – 10%, and RoW – 10%

Some of the key players in the FSO market include are LightPointe Communications, Inc. (U.S.), fSONA Networks Corp. (Canada), Plaintree Systems Inc. (Canada), Wireless Excellence Ltd. (U.K.), and Trimble Hungary Kft. (Hungary), among others. The key players in the VLC market include Koninklijke Philips N.V. (Netherlands), General Electric Co. (U.S.), ByteLight, Inc. (Acuity Brands, Inc.) (U.S.), Panasonic Corp. (Japan), LVX System (U.S.), Oledcomm (France), pureLiFi Ltd. (U.K.), LightBee Corp. (Spain), Outstanding Technology Corp. (Japan), IBSENtelecom (Norway), and Supreme Architecture Inc. (U.S.), among others.

Factors such as affordable extension in fiber network, increasing number of space research programs, and replacement of old technologies with FSO technology for enterprise connectivity are expected to generate opportunities for the FSO market. The factors that are expected to create opportunities for the VLC market in the near future are eth global acceptance by electronic device manufacturers, commercialization of the technology for two-way communication, government funding, and emergence of new applications such as IoT and 5G.

Research Coverage:

This report includes the market statistics pertaining to FSO applications and geography, and VLC component, transmission type, application, and geography, along with their respective market size.
• The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the FSO and VLC markets.
• Major drivers, restraints, and opportunities for the FSO and VLC markets have been detailed in this report.
• The opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for the market leaders.
• The strategic profiling of the key players of the FSO and VLC markets has been provided and their market ranks and core competencies have been comprehensively analyzed.
• The illustrative segmentation, analysis, and forecast for the markets on the basis of application and geography have been conducted to give an overall view of the FSO & VLC markets.
TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 MARKET STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 22
2.1.1.1 Key data from secondary sources 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 23
2.1.2.2 Key industry insights 24
2.1.2.3 Breakdown of primaries 24
2.1.3 SECONDARY AND PRIMARY RESEARCH 25
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 26
2.2.1.1 Approach for capturing the market share by bottom-up analysis (demand side) 26
2.2.2 TOP-DOWN APPROACH 27
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side) 27
2.2.3 MARKET RANKING ESTIMATION 28
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30

3 EXECUTIVE SUMMARY 31

4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL FSO & VLC MARKET 36
4.2 VLC MARKET, BY COMPONENT 36
4.3 FSO AND VLC MARKET, BY APPLICATION 37
4.4 VLC MARKET, BY TRANSMISSION TYPE 37
4.5 FSO MARKET, BY REGION 38
4.6 VLC MARKET LIFE CYCLE ANALYSIS, BY GEOGRAPHY (2017) 38

5 MARKET OVERVIEW 40
5.2 INTRODUCTION 41
5.3 HISTORY AND EVOLUTION OF OWC 43
5.3.1 OVERVIEW OF RONJA DEVICE 44
5.4 FSO MARKET 46
5.4.1 INTRODUCTION 46
5.4.2 WORKING 46
5.4.3 MARKET SEGMENTATION 48
5.4.3.1 FSO market, by application 48
5.4.3.2 FSO market, by region 49
5.4.4 MARKET DYNAMICS 49
5.4.4.1 Drivers 50
5.4.4.1.1 Last mile connectivity 50
5.4.4.1.2 No licensing required 50
5.4.4.1.3 Alternative solution to overburdened RF technology for outdoor networking 50
5.4.4.2 Restraints 51
5.4.4.2.1 Degradation of signals due to environmental interference 51
5.4.4.2.2 High installation cost 51
5.4.4.3 Opportunities 52
5.4.4.3.1 Affordable extension in existing fiber network 52
5.4.4.3.2 Increasing number of space research programs 52
5.4.4.3.3 Replacement of old technologies with FSO technology for enterprise connectivity 52
5.4.4.4 Challenges 53
5.4.4.4.1 Reliability issues due to fading of signals during propagation 53
5.5 VLC MARKET 53
5.5.1 INTRODUCTION 53
5.5.2 WORKING 54
5.5.3 MARKET SEGMENTATION 56
5.5.3.1 VLC market, by component 56
5.5.3.2 VLC market, by transmission type 56
5.5.3.3 VLC market, by application 57
5.5.3.4 VLC market, by region 57
5.5.4 MARKET DYNAMICS 58
5.5.4.1 Drivers 58
5.5.4.1.1 Faster and safer data transfer than other competing technologies 58
5.5.4.1.2 RF spectrum bandwidth crunch 59
5.5.4.1.3 No bandwidth limitation and less energy consumption 59
5.5.4.1.4 Greener, cleaner, and safer technology 60
5.5.4.2 Restraints 60
5.5.4.2.1 Dominance of competing technology 60
5.5.4.2.2 Applicable only for short-range communication applications and requirement of direct LOS 60
5.5.4.3 Opportunities 61
5.5.4.3.1 Global acceptance by electronic device manufacturers 61
5.5.4.3.2 Commercialization of the technology for two-way communication 61
5.5.4.3.3 Government funding 62
5.5.4.3.4 Emergence of new applications such as IoT and 5G 62
5.5.4.4 Challenges 63
5.5.4.4.1 Lack of technological awareness 63
5.5.4.4.2 Lack of common standards 63

6 INDUSTRY TRENDS 64
6.1 INTRODUCTION 64
6.2 VALUE CHAIN ANALYSIS 64
6.3 PORTER’S FIVE FORCES ANALYSIS 66
6.3.1 THREAT OF NEW ENTRANTS 68
6.3.2 THREAT OF SUBSTITUTES 69
6.3.3 BARGAINING POWER OF SUPPLIERS 70
6.3.4 BARGAINING POWER OF BUYERS 71
6.3.5 COMPETITIVE RIVALRY 72

7 FREE-SPACE OPTICS MARKET 73
7.1 INTRODUCTION 74
7.2 FSO MARKET, BY APPLICATION 74
7.2.1 MOBILE BACKHAUL 75
7.2.2 ENTERPRISE CONNECTIVITY 77
7.2.3 DISASTER RECOVERY 78
7.2.4 DEFENSE 79
7.2.5 SATELLITE 80
7.2.6 HEALTHCARE 81
7.2.7 SECURITY 82
7.2.8 ENGINEERING AND DESIGN 83
7.2.9 OTHERS 83
7.3 FSO MARKET, BY REGION 84
7.3.1 AMERICAS 86
7.3.2 EUROPE 87
7.3.3 ASIA-PACIFIC 89
7.3.4 REST OF THE WORLD 90

8 VISIBLE LIGHT COMMUNICATION MARKET 92
8.1 INTRODUCTION 93
8.2 VLC MARKET, BY COMPONENT 93
8.2.1 LIGHT-EMITTING DIODE 94
8.2.1.1 Phosphorus LEDs 95
8.2.1.2 Red green blue (RGB) LEDs 96
8.2.1.3 Resonant cavity LEDs 96
8.2.1.4 Organic LEDs 97
8.2.1.5 Microlens LEDs 97
8.2.1.6 Near-infrared or ultraviolet LEDs 97
8.2.2 PHOTODETECTOR 98
8.2.2.1 Photodiode 98
8.2.2.2 Image sensor 98
8.2.3 MICROCONTROLLER 99
8.2.3.1 Modulator and demodulator 100
8.2.3.1.1 Modulation 100
8.2.3.1.1.1 Pulse width modulation (PWM) 100
8.2.3.1.1.2 Pulse position modulation (PPM) 100
8.2.3.1.1.3 Variable pulse position modulation (VPPM) 100
8.2.3.1.1.4 Pulse amplitude modulation (PAM) 101
8.2.3.1.1.5 Color shift keying (CSK) 101
8.2.3.1.1.6 Frequency shift keying (FSK) 101
8.2.3.1.1.7 Orthogonal frequency division multiplex (OFDM) 101
8.2.3.1.1.8 Spatial modulation (SM) 101
8.2.3.1.2 Demodulation 101
8.2.3.1.2.1 Diode detector 102
8.2.3.1.2.2 Synchronous detector 102
8.2.4 SOFTWARE AND SERVICES 102
8.3 VLC MARKET, BY TRANSMISSION TYPE 103
8.3.1 UNIDIRECTIONAL TRANSMISSION 104
8.3.2 BIDIRECTIONAL TRANSMISSION 104
8.4 VLC MARKET, BY APPLICATION 105
8.4.1 SMART STORE 107
8.4.2 STREET LIGHTS 109
8.4.3 CONSUMER ELECTRONICS 110
8.4.3.1 Residential 112
8.4.3.2 Commercial 113
8.4.4 DEFENSE AND SECURITY 113
8.4.5 VEHICLE AND TRANSPORTATION 114
8.4.5.1 Vehicle-to-vehicle communication 116
8.4.5.2 Location-based service 117
8.4.5.3 Intelligent transportation system 118
8.4.5.3.1 Advanced traffic management system 118
8.4.5.3.2 Advanced traveler information system 119
8.4.5.3.3 Vehicle-to-infrastructure communications 119
8.4.5.3.4 Advanced public transportation system 120
8.4.6 AVIATION 121
8.4.7 HOSPITAL 122
8.4.7.1 Asset tracking 124
8.4.7.2 Patient tracking 125
8.4.7.3 Data monitoring 125
8.4.8 UNDERWATER COMMUNICATION 126
8.4.9 HAZARDOUS ENVIRONMENT 127
8.4.10 OTHERS 128
8.4.10.1 Museum 130
8.4.10.2 Digital signage 131
8.4.10.3 Hotel and casino 132
8.4.10.4 Logistics 132
8.5 VLC MARKET, BY GEOGRAPHY 134
8.5.1 AMERICAS 135
8.5.2 EUROPE 137
8.5.3 ASIA-PACIFIC 138
8.5.4 REST OF THE WORLD 140

9 COMPETITIVE LANDSCAPE 142
9.1 OVERVIEW 142
9.2 MARKET RANKING ANALYSIS 143
9.3 COMPETITIVE SCENARIO 145
9.3.1 NEW PRODUCT LAUNCHES 146
9.3.2 EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AGREEMENTS, COLLABORATIONS, AND JOINT VENTURES 147

10 COMPANY PROFILES 149
10.1 INTRODUCTION 149
10.2 FSO MARKET PLAYERS 150 (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
10.2.1 LIGHTPOINTE COMMUNICATIONS, INC. 150
10.2.2 FSONA NETWORKS CORP. 153
10.2.3 PLAINTREE SYSTEMS INC. 156
10.2.4 WIRELESS EXCELLENCE LTD. 158
10.2.5 TRIMBLE HUNGARY KFT. 159
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
10.3 VLC MARKET PLAYERS 161 (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
10.3.1 KONINKLIJKE PHILIPS N.V. 161
10.3.2 GENERAL ELECTRIC CO. 164
10.3.3 BYTELIGHT, INC. (A ACUITY BRAND’S COMPANY) 167
10.3.4 PANASONIC CORP. 170
10.3.5 PURELIFI LTD. 172
10.3.6 LVX SYSTEM 174
10.3.7 OLEDCOMM 175
10.3.8 LIGHTBEE CORP. 176
10.3.9 OUTSTANDING TECHNOLOGY CORP. 177
10.3.10 IBSENTELECOM LTD. 178
10.3.11 SUPREME ARCHITECTURE INC. 179

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

11 APPENDIX 180
11.1 INSIGHTS OF INDUSTRY EXPERTS 180
11.2 DISCUSSION GUIDE 181
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 187
11.5 AVAILABLE CUSTOMIZATIONS 189
11.6 RELATED REPORTS 189
11.7 AUTHOR DETAILS 190

LIST OF TABLES

TABLE 1 LED VS. LASER 42
TABLE 2 RONJA MODELS 43
TABLE 3 IRDA STANDARDS 45
TABLE 4 FSO VS. OTHER COMPETING TECHNOLOGIES 47
TABLE 5 ADVANTAGES AND LIMITATIONS OF FSO 47
TABLE 6 POWER LOSS IN FSO SYSTEM DUE TO ENVIRONMENTAL INTERFERENCE 51
TABLE 7 RF VS. FSO FOR SPACE PROGRAMS 52
TABLE 8 VLC VS. RF TECHNOLOGY 54
TABLE 9 VLC VS. WI-FI 60
TABLE 10 PORTER’S FIVE FORCES ANALYSIS WITH THEIR WEIGHTED AVERAGE 67
TABLE 11 FSO MARKET, BY APPLICATION, 2014–2022 (USD MILLION) 74
TABLE 12 TECHNOLOGIES IN MOBILE BACKHAUL 76
TABLE 13 CAPACITY OF VARIOUS MOBILE BACKHAUL TECHNOLOGIES 76
TABLE 14 ADVANTAGES OF FSO AS MOBILE CARRIER BACKHAUL 76
TABLE 15 FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2014–2022 (USD MILLION) 77
TABLE 16 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2014–2022 (USD MILLION) 78
TABLE 17 FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2014–2022 (USD MILLION) 78
TABLE 18 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2014–2022 (USD MILLION) 80
TABLE 19 FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2014–2022 (USD MILLION) 80
TABLE 20 FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2014–2022 (USD MILLION) 81
TABLE 21 FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2014–2022 (USD MILLION) 82
TABLE 22 FSO MARKET FOR ENGINEERING AND DESIGN APPLICATION, BY REGION, 2014–2022 (USD MILLION) 83
TABLE 23 FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2014–2022 (USD MILLION) 84
TABLE 24 FSO MARKET, BY REGION, 2014–2022 (USD MILLION) 84
TABLE 25 FSO MARKET IN THE AMERICAS, BY APPLICATION, 2014–2022 (USD MILLION) 87
TABLE 26 FSO MARKET IN EUROPE, BY APPLICATION, 2014–2022 (USD MILLION) 88
TABLE 27 FSO MARKET IN APAC, BY APPLICATION, 2014–2022 (USD MILLION) 89
TABLE 28 FSO MARKET IN ROW, BY APPLICATION, 2014–2022 (USD MILLION) 90
TABLE 29 VLC MARKET, BY COMPONENT, 2015–2022 (USD MILLION) 93
TABLE 30 COMPARISON BETWEEN LED, INCANDESCENT, AND FLUORESCENT LAMPS 95
TABLE 31 CHARACTERISTICS OF PHOSPHORUS LED 95
TABLE 32 CHARACTERISTICS OF RGB LED 96
TABLE 33 CHARACTERISTICS OF RCLED 96
TABLE 34 CHARACTERISTICS OF OLEDS 97
TABLE 35 VLC MARKET FOR LED, BY APPLICATION, 2015–2022 (USD MILLION) 98
TABLE 36 COMPARISON BETWEEN CCD AND CMOS SENSORS 99
TABLE 37 VLC MARKET FOR PHOTODETECTORS, BY APPLICATION, 2015–2022 (USD MILLION) 99
TABLE 38 VLC MARKET FOR MICROCONTROLLERS, BY APPLICATION, 2015–2022 (USD MILLION) 102
TABLE 39 VLC MARKET FOR SOFTWARE, BY APPLICATION, 2015–2022 (USD MILLION) 103
TABLE 40 VLC MARKET, BY TRANSMISSION TYPE, 2015–2022 (USD MILLION) 103
TABLE 41 VLC MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 106
TABLE 42 LIST OF SOME MAJOR PILOT DEPLOYMENTS OF VLC IN SMART STORES 108
TABLE 43 VLC MARKET FOR SMART STORE APPLICATION, BY COMPONENT, 2015–2022 (USD MILLION) 108
TABLE 44 VLC MARKET FOR SMART STORE APPLICATION, BY REGION, 2015–2022 (USD MILLION) 108
TABLE 45 LIST OF SOME MAJOR PILOT DEPLOYMENTS OF VLC IN STREET LIGHTS 109
TABLE 46 VLC MARKET FOR STREET LIGHT APPLICATION, BY COMPONENT, 2015–2022 (USD MILLION) 109
TABLE 47 VLC MARKET FOR STREET LIGHT APPLICATION, BY REGION, 2015–2022 (USD MILLION) 110
TABLE 48 VLC MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2015–2022 (USD MILLION) 110
TABLE 49 VLC MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY COMPONENT, 2015–2022 (USD MILLION) 111
TABLE 50 VLC MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2015–2022 (USD MILLION) 112
TABLE 51 VLC MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2016–2022 (USD MILLION) 112
TABLE 52 VLC MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2015–2022 (USD MILLION) 113
TABLE 53 VLC MARKET FOR DEFENSE AND SECURITY APPLICATION, BY COMPONENT, 2016–2022 (USD MILLION) 113
TABLE 54 VLC MARKET FOR DEFENSE AND SECURITY APPLICATION, BY REGION, 2016–2022 (USD MILLION) 114
TABLE 55 VLC MARKET FOR VEHICLE AND TRANSPORTATION APPLICATION, BY TYPE, 2016–2022 (USD MILLION) 114
TABLE 56 VLC MARKET FOR VEHICLE AND TRANSPORTATION APPLICATION, BY COMPONENT, 2016–2022 (USD MILLION) 115
TABLE 57 VLC MARKET FOR VEHICLE AND TRANSPORTATION APPLICATION, BY REGION, 2016–2022 (USD MILLION) 116
TABLE 58 VLC MARKET FOR VEHICLE-TO-VEHICLE COMMUNICATION APPLICATION, BY REGION, 2017–2022 (USD MILLION) 116
TABLE 59 COMPARISON OF POSITION DETECTION TRACKING SYSTEMS BASED ON VARIOUS TECHNOLOGIES 117
TABLE 60 VLC MARKET FOR LOCATION-BASED SERVICE APPLICATION, BY REGION, 2016–2022 (USD MILLION) 118
TABLE 61 VLC MARKET FOR INTELLIGENT TRANSPORTATION SYSTEM APPLICATION, BY REGION, 2016–2022 (USD MILLION) 120
TABLE 62 VLC MARKET FOR AVIATION APPLICATION, BY COMPONENT, 2017–2022 (USD MILLION) 121
TABLE 63 VLC MARKET FOR AVIATION APPLICATION, BY REGION, 2017–2022 (USD MILLION) 122
TABLE 64 VLC MARKET FOR HOSPITAL APPLICATION, BY TYPE, 2017–2022 (USD MILLION) 122
TABLE 65 VLC MARKET FOR HOSPITAL APPLICATION, BY COMPONENT, 2017–2022 (USD MILLION) 123
TABLE 66 VLC MARKET FOR HOSPITAL APPLICATION, BY REGION, 2017–2022 (USD MILLION) 124
TABLE 67 VLC MARKET FOR ASSET TRACKING APPLICATION, BY REGION, 2017–2022 (USD MILLION) 124
TABLE 68 VLC MARKET FOR PATIENT TRACKING APPLICATION, BY REGION, 2017–2022 (USD MILLION) 125
TABLE 69 VLC MARKET FOR DATA MONITORING APPLICATION, BY REGION, 2017–2022 (USD MILLION) 125
TABLE 70 VLC MARKET FOR UNDERWATER COMMUNICATION APPLICATION, BY COMPONENT, 2017–2022 (USD MILLION) 127
TABLE 71 VLC MARKET FOR UNDERWATER COMMUNICATION APPLICATION, BY REGION, 2017–2022 (USD MILLION) 127
TABLE 72 VLC MARKET FOR HAZARDOUS ENVIRONMENT APPLICATION, BY COMPONENT, 2017–2022 (USD MILLION) 128
TABLE 73 VLC MARKET FOR HAZARDOUS ENVIRONMENT APPLICATION, BY REGION, 2017–2022 (USD MILLION) 128
TABLE 74 VLC MARKET FOR OTHER APPLICATIONS, BY TYPE, 2015–2022 (USD MILLION) 129
TABLE 75 VLC MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 2015–2022 (USD MILLION) 130
TABLE 76 VLC MARKET FOR OTHER APPLICATIONS, BY REGION, 2015–2022 (USD MILLION) 130
TABLE 77 VLC MARKET FOR MUSEUM APPLICATION, BY REGION, 2015–2022 (USD MILLION) 131
TABLE 78 VLC MARKET FOR DIGITAL SIGNAGE APPLICATION, BY REGION, 2016–2022 (USD MILLION) 131
TABLE 79 VLC MARKET FOR HOTEL AND CASINO APPLICATION, BY REGION, 2016–2022 (USD MILLION) 132
TABLE 80 VLC MARKET FOR LOGISTICS APPLICATION, BY REGION, 2017–2022 (USD MILLION) 133
TABLE 81 VLC MARKET, BY REGION, 2015–2022 (USD MILLION) 134
TABLE 82 VLC MARKET IN THE AMERICAS, BY APPLICATION, 2015–2022 (USD MILLION) 136
TABLE 83 VLC MARKET IN EUROPE, BY APPLICATION, 2015–2022 (USD MILLION) 138
TABLE 84 VLC MARKET IN APAC, BY APPLICATION, 2015–2022 (USD MILLION) 139
TABLE 85 VLC MARKET IN ROW, BY APPLICATION, 2015–2022 (USD MILLION) 141
TABLE 86 MARKET RANKING OF TOP 3 PLAYERS IN THE FSO MARKET, 2016 143
TABLE 87 MARKET RANKING OF TOP 5 PLAYERS IN THE VLC MARKET, 2016 144
TABLE 88 NEW PRODUCT LAUNCHES IN FSO AND VLC MARKET, JANUARY 2014 TO DECEMBER 2016 146
TABLE 89 AGREEMENTS, COLLABORATIONS, AND JOINT VENTURES IN FSO AND VLC MARKET, JANUARY 2014 TO DECEMBER 2016 147
TABLE 90 EXPANSIONS, ACQUISITIONS, AND PARTNERSHIPS IN FSO AND VLC MARKET, JANUARY 2014 TO DECEMBER 2016 148

LIST OF FIGURES

FIGURE 1 FSO AND VLC MARKET: RESEARCH DESIGN 21
FIGURE 2 PROCESS FLOW 25
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 27
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 28
FIGURE 5 MARKET BREAKDOWN & DATA TRIANGULATION 29
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY 30
FIGURE 7 FSO MARKET FOR HEALTHCARE APPLICATION ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 32
FIGURE 8 SOFTWARE COMPONENT AND BIDIRECTIONAL TRANSMISSION TYPE WOULD HOLD THE MAJOR SHARE OF THE VLC MARKET BY 2022 33
FIGURE 9 HAZARDOUS ENVIRONMENT, HOSPITAL, AND VEHICLE & TRANSPORTATION—THREE MOST PROMISING APPLICATIONS OF VLC 34
FIGURE 10 APAC TO WITNESS HIGHEST GROWTH RATE FOR THE FSO AND VLC MARKET DURING THE FORECAST PERIOD 35
FIGURE 11 STANDARDIZATION OF TECHNOLOGY—THE NEED FOR THE VLC MARKET TODAY 36
FIGURE 12 THE VLC MARKET FOR THE SOFTWARE COMPONENT EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 36
FIGURE 13 FSO’S MOBILE BACKHAUL APPLICATION AND VLC’S SMART STORES APPLICATION TO HOLD THE LARGEST MARKET SHARES IN 2017 37
FIGURE 14 BIDIRECTIONAL VLC TECHNOLOGY WOULD DOMINATE THE MARKET BY 2022 37
FIGURE 15 AMERICAS IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE FSO MARKET IN 2017 38
FIGURE 16 AMERICAS MARKET IS IN THE INTRODUCTORY PHASE 38
FIGURE 17 CHARACTERISTICS OF OWC TECHNOLOGIES 42
FIGURE 18 OVERVIEW OF THE OWC TECHNOLOGY 43
FIGURE 19 RONJA DEVICE OUTLOOK 44
FIGURE 20 FSO MARKET, BY REGION 49
FIGURE 21 FSO PROVIDES AN ALTERNATIVE SOLUTION TO THE OVERBURDENED RF TECHNOLOGY FOR OUTDOOR COMMUNICATION 49
FIGURE 22 DATA FLOW PROCESS 55
FIGURE 23 VLC MARKET, BY REGION 57
FIGURE 24 COMMERCIALIZATION OF THE TECHNOLOGY FOR BIDIRECTIONAL COMMUNICATION IS THE MAJOR OPPORTUNITY FOR THE VLC MARKET 58
FIGURE 25 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE RESEARCH, DESIGN, AND DEVELOPMENT AND ORIGINAL EQUIPMENT MANUFACTURING PHASE 64
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS 66
FIGURE 27 THE IMPACT OF COMPETITIVE RIVALRY CONSIDERED TO BE HIGH WITH THE COMMERCIALIZATION OF VLC TECHNOLOGY AS AN INDOOR NETWORKING SOLUTION 67
FIGURE 28 THE IMPACT OF THREAT OF NEW ENTRANTS IS CURRENTLY MEDIUM DUE TO HIGH R&D EXPENSES AND PRESENCE OF PROMINENT PLAYERS 68
FIGURE 29 SWITCHING COST IS THE MAJOR FACTOR SUPPORTING THE SUBSTITUTE’S MARKET 69
FIGURE 30 SUPPLIER CONCENTRATION AND IMPORTANCE OF VOLUME TO SUPPLIER HIGHLY IMPACT SUPPLIERS’ POWER 70
FIGURE 31 AVAILABILITY OF SUBSTITUTES AND HIGH SWITCHING COST ARE THE ONLY FACTORS SUPPORTING BUYERS’ BARGAINING POWER 71
FIGURE 32 THE INTENSITY OF COMPETITIVE RIVALRY IS EXPECTED TO BE HIGH DUE TO HIGH INDUSTRY GROWTH RATE 72
FIGURE 33 THE FSO MARKET FOR HEALTHCARE APPLICATION EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 75
FIGURE 34 FSO MARKET: GEOGRAPHIC SNAPSHOT 85
FIGURE 35 SNAPSHOT OF THEFSO MARKET IN THE AMERICAS 86
FIGURE 36 SNAPSHOT OF THE FSO MARKET IN EUROPE 88
FIGURE 37 SNAPSHOT OF THE FSO MARKET IN ASIA-PACIFIC 89
FIGURE 38 SNAPSHOT OF THE FSO MARKET IN ROW 90
FIGURE 39 VLC MARKET FOR THE SOFTWARE SEGMENT TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 94
FIGURE 40 BIDIRECTIONAL TRANSMISSION EXPECTED TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 104
FIGURE 41 VLC MARKET FOR HAZARDOUS ENVIRONMENT APPLICATION EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 107
FIGURE 42 COMPARISON OF CONSUMER ELECTRONICS APPLICATIONS IN THE VLC MARKET, 2017 VS. 2020 (USD MILLION) 111
FIGURE 43 VEHICLE-TO-VEHICLE APPLICATION TO LEAD THE VLC MARKET FOR VEHICLE AND TRANSPORTATION APPLICATION DURING THE FORECAST PERIOD 115
FIGURE 44 VLC MARKET FOR ASSET TRACKING APPLICATION TO GROW AT THE HIGHEST RATE BETWEEN 2017 AND 2022 123
FIGURE 45 VLC MARKET FOR LOGISTICS APPLICATION TO GROW AT THE HIGHEST RATE BETWEEN 2017 AND 2022 129
FIGURE 46 VLC MARKET: GEOGRAPHIC SNAPSHOT 134
FIGURE 47 SNAPSHOT OF THE VLC MARKET IN THE AMERICAS 136
FIGURE 48 SNAPSHOT OF THE VLC MARKET IN EUROPE 137
FIGURE 49 SNAPSHOT OF THE VLC MARKET IN APAC 139
FIGURE 50 SNAPSHOT OF THE VLC MARKET IN ROW 140
FIGURE 51 IN THE FSO MARKET, COMPANIES ADOPTED NEW PRODUCT LAUNCHES, AND IN THE VLC MARKET, AGREEMENTS AND COLLABORATIONS WERE THE KEY GROWTH STRATEGIES BETWEEN JANUARY 2014 AND DECEMBER 2016 142
FIGURE 52 FSO AND VLC MARKET EVALUATION FRAMEWORK 145
FIGURE 53 BATTLE FOR THE MARKET SHARE 146
FIGURE 54 LIGHTPOINTE COMMUNICATIONS, INC.: SWOT ANALYSIS 152
FIGURE 55 FSONA NETWORKS CORP.: SWOT ANALYSIS 155
FIGURE 56 PLAINTREE SYSTEMS INC.: COMPANY SNAPSHOT 156
FIGURE 57 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT 161
FIGURE 58 KONINKLIJKE PHILIPS N.V.: SWOT ANALYSIS 163
FIGURE 59 GENERAL ELECTRIC CO.: COMPANY SNAPSHOT 164
FIGURE 60 GENERAL ELECTRIC: SWOT ANALYSIS 166
FIGURE 61 BYTELIGHT, INC.: COMPANY SNAPSHOT 167
FIGURE 62 ACUITY BRANDS, INC.: SWOT ANALYSIS 169
FIGURE 63 PANASONIC CORP.: COMPANY SNAPSHOT 170

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