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VLC/Li-Fi market to see 82% CAGR

Posted: 15 Jan 2013 ?? ?Print Version ?Bookmark and Share

Keywords:VLC? Li-Fi? WiFi? Bluetooth? WiMAX?

MarketsandMarkets has published a report that spells good news for the global visible light communication (VLC)/Li-Fi technology market. According to the market research firm, the market will experience an estimated CAGR of 82 per cent from 2013-2018 to reach more than $6 million at the end of the forecast period. In addition, the FSO technology market will approach $3 million by 2018 with an estimated CAGR of 29.3 per cent in the same period.

VLC/Li-Fi is presently the buzzword in the communication (Internet) industry. Optical wireless communication networks such as VLC/Li-Fi and FSO are going to be introduced in the market as complementary technologies for WiFi, Bluetooth, WiMAX etc. VLC/Li-Fi uses visible light as a medium of communication, whereas FSO uses IR spectrum. It provides high speed and secure communication as compared to WiFi, Bluetooth or WiMAX which use RF band for communication. With the bandwidth crunch caused by increased data usage, network providers are turning to alternatives such as VLC/Li-Fi and FSO to relieve Internet traffic.

Last mile connectivity and high speed network speed are important drivers of the VLC/Li-Fi market. Growth in the LED industry is expected to boost the VLC market. Low reliability and high installation costs are expected to the major threats for the VLC market. Along with market dynamics such as drivers, restraints and opportunities, the report also gives insight to the various market parameters including value chain analysis and the recent market activity by the leading players for sustainability.

There are prospective future applications of VLC, which are in the development stage. They are M2M communications, smart city, WSN and ubiquitous computing etc. FSO applications include enterprise communications, mobile carrier backhaul and military and aerospace.

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