FSO & VLC / Li-Fi Market Size, Share and Industry Trends

In the ever-evolving landscape of connectivity, the intersection of technology and illumination has given rise to innovative solutions such as Li-Fi (Light Fidelity). As we delve into the Li-Fi market size, Free Space Optics (FSO), and Visible Light Communication (VLC), we witness the transformative potential of harnessing light for data transmission.

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.

Li-Fi Market Size:

Li-Fi represents a groundbreaking wireless communication technology that utilizes visible light to transmit data, offering a viable alternative or complement to traditional Wi-Fi. The Li-Fi market has witnessed remarkable growth as businesses and industries recognize the advantages of this technology. With Li-Fi, data can be transmitted at incredibly high speeds using LED lights, enabling secure and efficient connectivity in environments where traditional radio frequency communication faces challenges.

Free Space Optics (FSO):

Free Space Optics, another facet of optical wireless communication, involves the transmission of data through free space using modulated light beams. FSO serves as a compelling solution for high-speed, point-to-point communication, especially in situations where traditional cable or fiber optic connectivity is impractical. The FSO market has seen increased adoption in urban environments, offering quick and cost-effective solutions for bridging connectivity gaps.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=946

Visible Light Communication (VLC):

Visible Light Communication, a broader term encompassing Li-Fi, involves the use of visible light for communication. VLC leverages the ubiquity of LED lighting to transmit data, enabling communication with devices equipped with light sensors. Beyond data transmission, VLC has found applications in indoor positioning systems, creating a seamless and interconnected environment.

Market Dynamics and Applications:

The confluence of Li-Fi, FSO, and VLC reflects the growing demand for alternative and complementary communication technologies. Industries such as healthcare, manufacturing, and retail are adopting these technologies for their speed, security, and reliability. Li-Fi is making strides in providing connectivity in environments where radio frequency communication may interfere with sensitive equipment or compromise security.

Key Players and Innovations:

Major players in the tech industry, including pure Li-Fi companies and those integrating VLC solutions, are actively contributing to the expansion of these markets. Ongoing research and development focus on improving data transfer speeds, expanding coverage areas, and enhancing compatibility with existing infrastructure. As the technology continues to mature, innovative applications are emerging, such as Li-Fi-enabled smart lighting systems and VLC-powered location-based services.

Challenges and Future Prospects:

While the Li-Fi, FSO, and VLC markets offer exciting possibilities, challenges such as line-of-sight requirements, signal interference, and standardization need to be addressed. However, ongoing advancements in technology and collaborative efforts within the industry suggest a promising future. As Li-Fi, FSO, and VLC technologies continue to evolve, we can expect increased adoption across diverse sectors, contributing to the realization of a more connected and efficient world.

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.

Know more info @ https://www.marketsandmarkets.com/Market-Reports/visible-light-communication-market-946.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441