03 September 2022
Douglas Insights has included Optical Wireless Communication Market in its comparison engine to enable industry experts and businesses to analyze past and current market trends, growth opportunities, key market drivers, and challenges. Douglas Insights provides access to extensive market research reports allowing professionals to make comparisons based on ratings, prices, dates, and list of contents.
Optical wireless communication refers to media transmission via UV and IR radiation. In simple terms, it is a transmission system that uses light pulses rather than optical fiber to transmit signals through free space in the atmosphere. The sending and receiving of signals through telegraphs, ship flags, and smoke can be considered historical forms of optical wireless communication. These networks are an attractive alternative to radio devices as they offer unregulated and unlimited bandwidth. Moreover, optical wireless communication networks are immune to inference and provide highly secure transmission as optical waves do not penetrate the walls.
The global optical wireless communication market is expected to grow at a CAGR of 8.4% between 2021 and 2028. Optical wireless communication networks are used in a wide range of applications, such as wireless personal area networks and wireless local area networks. One of the significant drivers of growth in the global optical wireless communication network is the increasing number of internet users and the increasing adoption of cloud computing, which directly impacts the growth of data centers and, thereby, the demand for optical wireless communication systems.
One of the most significant advantages of optical wireless communication is that it provides greater than 100 Gbps data rate with extreme data security across a range of networks such as Cloud Computing, broadband networks, and campus networks. Another critical growth driver in this market is the increasing demand for optical solutions in the IT and Telecom industry.
Moreover, 5G network services in the Telecom industry are also increasing in demand as they allow for enhanced mobile broadband and IoT. This network requires higher bandwidth and an accurate and secure synchronization to deliver the high-speed internet connectivity that optical wireless communication networks provide.
Optical wireless communication networks are also increasingly being used for military equipment, which is likely to prepare the growth of this market in the forthcoming years. The key industries where optical wireless communication networks are employed include transportation, health care, infrastructure, and the military. In terms of market type, the optical wireless communication market can be divided into visible light, infrared, and ultraviolet. The growing demand for these communication networks can be attributed to their ease of availability and cost efficiency.
However, optical wireless communication networks have a complex design and require a high initial setup and maintenance cost, which is one of the factors hindering the market growth. This market is also being held back by the increasing maintenance cost and intense computation requirements of optical wireless communication networks. Moreover, the presence of optical fiber for short ranges may also hinder market growth.
The optical wireless communication market can be divided into North America, South America, Europe, and Asia. North America is the largest consumer of optical wireless communication networks. This dominance can be attributed to this region's increased technological advancements, urbanization, and modernization. Moreover, there has also been an increase in the disposable income of people. This development has led to the adoption of technologically advanced solutions such as optical wireless communication networks. However, the optical wireless communication market is expected to grow at a moderate pace in the Asia-pacific region in the upcoming years.
Key market players in the optical wireless communications market include Broadcom, General Electric, Honeywell International, Panasonic, Brand Lighting, Bridgelux, Philips Lighting, Acuity Brand Lighting, Samsung Electronics, Vishay Intertechnology, Toshiba, Harris, Purelifi, Qualcomm, Sharp, Taiyo Yuden, etc.
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