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Optical wireless communication (OWC) is a form of optical communication wherein unguided infrared (IR), ultraviolet (UV), and visible light are utilized as a signal carrier. Optical wireless communication systems are known to operate within visible bands are also commonly known as visible light communication (VLC). As wireless communications proliferated, the demand for optical communication and Li-fi technologies became highly prominent than ever and made inroads into multiple applications.
As per the current scenario, majority of the mobile data traffic is being consumed indoors, wherein light fidelity (LiFi), a part of the family of optical wireless communication, offers a multitude of advantages and effective solutions to numerous issues of wireless communication. Although wireless networks that are existing currently are being overpowered by radio-based technologies, optical wireless communication and Li-fi solutions are set to witness sheer proliferation in the years to come owing to their importance in the futuristic wireless communication frameworks.
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Optical Wireless Communication and Li-Fi Market- Novel Developments
Key players operating in the optical wireless communication and Li-fi market include General Electric, Broadcom Inc., Panasonic Corporation, Honeywell International, Philips Lighting, and others.
In 2019, Broadcom Inc.- a key player in the optical wireless communication and Li-fi market- made an official announcement that Barclays has signed a definitive agreement as a PLA (Portfolio License Agreement) customer. This agreement, in turn, would help the companies drive considerable savings with the help of state-of-the-art technologies to revamp their digital infrastructure.
In 2018, Honeywell International- a leading player in the optical wireless communication and Li-fi market- entered into a collaboration with Ball Aerospace in a bid to develop & produce highly-reliable and high-quality optical communication data links. These links provide immense scope for satellite operators to deliver optimal and high-capacity connectivity to the users spread across the globe. Combined, two of these companies will establish a paradigm for volume production of optical terminals for impeccable ground-to-space communications.
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The research report presents a comprehensive assessment of the optical wireless communication and Li-fi market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to optical wireless communication and Li-fi market segments such as geographies, application and industry.
Optical wireless communication and Li-fi market report covers exhaustive analysis on:
Optical wireless communication and Li-fi market Segments
Optical wireless communication and Li-fi market Dynamics
Optical wireless communication and Li-fi market Size
Supply & Demand
Competition & Companies involved
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Optical wireless communication and Li-fi market Report Highlights:
Detailed overview of parent market of optical wireless communication and Li-fi market
Changing optical wireless communication and Li-fi market dynamics in the industry
In-depth optical wireless communication and Li-fi market segmentation
Historical, current and projected optical wireless communication and Li-fi market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and Products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on optical wireless communication and Li-fi market performance
Must-have information for optical wireless communication and Li-fi market players to sustain and enhance their market footprint
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