FSO & VLC / Li-Fi Market Insights, Share, Statistics and Industry Trends to 2028
In the dynamic realm of wireless communication technologies, Free-Space Optical (FSO) communication and Visible Light Communication (VLC), commonly known as Li-Fi, have emerged as transformative solutions. This article provides a comprehensive overview of the FSO and VLC / Li-Fi market, exploring its various components, applications, verticals, and components that collectively define the landscape of optical wireless communication.
The FSO & VLC/Li-Fi market 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.
FSO and VLC / Li-Fi Market Components:
FSO Component: FSO systems rely on optical components to transmit data through free space using laser or LED beams. These components include transmitters, receivers, modulators, and demodulators. Continuous advancements in these components contribute to the efficiency and reliability of FSO communication.
VLC Component: VLC, or Li-Fi, utilizes LED lights to transmit data through modulating light signals. VLC components include LED bulbs, drivers, transmitters, and receivers. As the demand for high-speed, secure indoor communication grows, VLC components evolve to meet the requirements of diverse applications.
FSO and VLC / Li-Fi Market Applications:
FSO Applications:
- Wireless Backhaul: FSO serves as an effective solution for high-capacity point-to-point wireless backhaul, providing gigabit-speed connectivity.
- Last-Mile Connectivity: FSO bridges the last-mile connectivity gap, particularly in urban areas, offering fast and reliable internet access.
VLC / Li-Fi Applications:
- Indoor Positioning Systems: Li-Fi supports precise indoor positioning systems by leveraging the inherent capabilities of LED lights for data communication.
- Secure Wireless Communication: Li-Fi enhances the security of wireless communication, especially in environments where radio frequency interference is a concern.
FSO and VLC / Li-Fi Market Verticals:
FSO Verticals:
- Telecommunications: FSO plays a crucial role in enhancing telecommunications infrastructure, providing high-speed connectivity for network backhaul.
- Military and Defense: FSO systems are employed for secure, point-to-point communication in military and defense applications.
VLC / Li-Fi Verticals:
- Healthcare: Li-Fi is utilized in healthcare settings to enable secure communication, enhance connectivity for medical devices, and support location-based services.
- Retail: Li-Fi enhances the retail experience by providing high-speed, secure communication for point-of-sale systems and inventory management.
FSO and VLC / Li-Fi Market by Verticals:
FSO Component Verticals:
- Telecom and IT: FSO components find applications in telecom and IT sectors, supporting high-speed data transmission.
- Healthcare: FSO components contribute to secure and efficient communication in healthcare networks.
VLC Component Verticals:
- Smart Lighting: VLC components are integral to smart lighting systems, supporting both illumination and data communication.
- Manufacturing: Li-Fi components enhance communication in manufacturing environments, supporting Industry 4.0 initiatives.
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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