Global Optical Wireless Communication and LiFi Markets to 2023 Summary 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.
Request a sample report: https://www.jsbmarketresearch.com/electronics/optical-wireless-communication -and-lifi-global-markets-to-2023 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.
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