Optical Wireless Communications Market: How Big is it?

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Major countries covered in Optical Wireless Communications market report include Germany, UK, France, Italy, Spain, Russia, USA, Canada, Mexico, Brazil, Argentina, China, Japan, India, South Korea, Israel, GCC -Countries, South Africa, Turkey etc.

Isle of Man, Sept. 12, 2022 (GLOBE NEWSWIRE) — Optical Wireless Communications Market Report (Size, Share & Trends) Comparison by Rating, ToC, Page Count & Price only at Douglas Insights

Douglas Insights has included the Optical Wireless Communications Market in its comparison engine to enable industry experts and companies 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, price, data and index.

Optical wireless communication means media transmission using UV and IR radiation. Simply put, it is a transmission system that uses pulses of light instead of optical fibers to carry signals through free space in the atmosphere. Sending and receiving signals through telegraphs, ship flags, and smoke can be considered a historical form of optical wireless communication. These networks are an attractive alternative to radios because they offer unregulated and unlimited bandwidth. In addition, optical wireless communication networks are immune to interference and provide highly secure transmission because optical waves do not penetrate walls.

The global optical wireless communications market is expected to grow at a CAGR of 8.4% between 2021 and 2028. Optical wireless communication networks are used in a variety of applications such as B. wireless personal area networks and wireless local area networks. One of the major growth drivers in the global optical wireless communication network is the increasing number of Internet users and the increasing adoption of cloud computing, which directly affects the growth of data centers and thus the demand for optical wireless communication systems.

One of the most significant advantages of optical wireless communication is that it offers a data rate in excess of 100 Gbit/s with extreme data security over a range of networks such as cloud computing, broadband networks and campus networks. Another key growth driver in this market is the increasing demand for optical solutions in the IT and telecommunications industry.

In addition, the demand for 5G network services in the telecom industry is also increasing as it enables enhanced mobile broadband and IoT. This network requires higher bandwidth and 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 should pave the way for the growth of this market in the years to come. Key industries employing optical wireless communication networks include transportation, healthcare, infrastructure and military. In terms of market type, the optical wireless communications market can be segmented into visible light, infrared and ultraviolet. The growing demand for these communication networks can be attributed to their easy availability and cost-effectiveness.

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However, optical wireless communication networks are complex in design and require high initial setup and maintenance costs, which is one of the factors hampering the market growth. This market is also held back by the increasing maintenance costs and intensive computational requirements of optical wireless communication networks. In addition, the presence of short-distance optical fiber may also hamper the market growth.

The optical wireless communications market can be segmented 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 increasing technological advances, urbanization and modernization of this region. In addition, people’s disposable income has also increased. This development has led to the introduction of technologically advanced solutions such as optical wireless communication networks. However, the optical wireless communications market in the Asia-Pacific region is expected to grow at a moderate pace in the coming years.

Major 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, and Sharp Taiyo Yuden, etc.

Key questions answered in this report

  • COVID-19 Impact Analysis on the Global Optical Wireless Communication Industry.

  • What are the current market trends and dynamics in the Optical Wireless Communications market and valuable opportunities for emerging players?

  • What is driving the Optical Wireless Communication market?

  • What are the key challenges for market growth?

  • Which segment will exhibit the fastest CAGR over the forecast period?

  • Which product type segment holds a larger market share and why?

  • Are Low and Middle Income Economies Investing in the Optical Wireless Communications Market?

  • Key growth areas based on regions, types, applications and end users

  • What is the market trend and dynamics in emerging markets like Asia Pacific, Latin America and Middle East & Africa?

Unique data points of this report

  • Statistics on optical wireless communication and spending worldwide

  • Recent trends in different regions related to cross-industry adoption of optical wireless communications

  • Notable developments in the industry

  • Attractive range of investments for both segments and the region

  • Comparative scenario for all segments for the years 2018 (actual) and 2031 (forecast)

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