FSO & VLC / Li-Fi Market By Size, Share, and Industry Growth Dynamics Global Forecast to 2028

 The FSO & VLC / Li-Fi market size is projected to grow from USD 3.3 billion in 2023 to USD 18.2 billion by 2028, registering a CAGR of 40.3% during the forecast period. The market growth is attributed to the high emergence of new applications such as IoT and 5G and the increasing penetration of FOS as an alternative solution to RF technology for outdoor networking. Furthermore, the growing demand for faster and safer data transfer is expected to create lucrative opportunities for the market.

In the rapidly evolving landscape of communication technologies, Free Space Optics (FSO) and Visible Light Communication/Light Fidelity (VLC/Li-Fi) are emerging as frontrunners, redefining connectivity paradigms. The recently released "FSO & VLC / Li-Fi Market Size, Share, and Industry Growth Analysis Report" provides a comprehensive exploration of this dynamic market, offering insights into size, share, and growth prospects across various components, applications, and regions.

FSO & VLC/Li-Fi market Size and Share:

At the core of the report is a meticulous analysis of the FSO & VLC / Li-Fi Market's size, breaking down components for FSO and VLC/Li-Fi. This segmentation provides insights into the individual contributions of each component, offering a nuanced understanding of market composition. The report addresses the essential aspects of FSO & VLC / Li-Fi market size for stakeholders.  VLC/Li-Fi technology is very efficient in terms of energy consumption. The VLC system consumes very low energy by using LEDs for data transmission purposes. According to the Ultra-Parallel Visible Light Communications (UP-VLC) program funded by the Engineering and Physical Sciences Research Council (EPSRC), data rates up to 3.5 Gbps can be achieved with a single blue LED,  or up to 1.7 Gbps can be achieved with white light. 

Understanding market share is imperative for stakeholders aiming to identify key players and industry influencers in the FSO & VLC / Li-Fi market. The report presents a detailed snapshot of the competitive landscape, providing insights into the market share held by leading companies in FSO components, VLC components, and other segments.

 

FSO & VLC/Li-Fi Industry Growth Analysis:

The report focuses on forecasting trends and developments up to 2028, analyzing factors driving market growth. From advancements in FSO components to the increasing integration of VLC technologies, the analysis provides a holistic view of the industry's upward trajectory. This comprehensive analysis addresses the essence of FSO & VLC / Li-Fi market growth, offering strategic insights for stakeholders.

 

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FSO & VLC/Li-Fi Market Components, Applications, and Verticals:

The FSO & VLC / Li-Fi Market is multifaceted, with components ranging from FSO elements to VLC components like LED, photodetector, microcontroller, and software. The report delves into applications across various sectors, providing insights into transmission types, verticals, and specific use cases. This detailed breakdown is indispensable for those looking to understand the diverse landscape of the FSO & VLC / Li-Fi market.

Mobile Backhaul FSO application to account for significant share of FSO & VLC/Li-Fi market in 2023

The mobile backhaul application is projected to account for an extensive share of the FSO & VLC/Li-Fi market in 2023. The mobile backhaul application is expected to continue to account for the largest size of the FSO market during the forecast period. The increasing number of mobile devices and high-speed services accelerate the growth of traffic in mobile backhaul networks. For upgraded cellular backhaul, the implementation of FSO technology proves to be a cost-efficient and high-bandwidth solution. Hence, the mobile backhaul application is likely to generate high demand for FSO systems during the forecast period.

Asia Pacific market to offer significant opportunities during forecast period

Asia Pacific is the leading FSO & VLC/Li-Fi market, with significant demand from China, India, and Japan. The region held the largest share of the FSO & VLC/Li-Fi industry in 2022.

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FSO & VLC/Li-Fi market Key players : 

Key players in the FSO & VLC/Li-Fi market include fSONA Networks Corp. (Canada), Wireless Excellence Limited (UK), Signify Holding (formerly Philips Lighting) (Netherlands), Oledcomm (France), Lucibel (France), PureLiFi Limited (UK), Acuity Brands (US), Panasonic Corporation (Japan), Fraunhofer HHI (Germany), and Trimble Hungary ltd. (Hungary), among others.

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