FSO & VLC/Li-Fi Market by Component (Light Emitting Diode, Microcontroller, Photo Detector), Transmission Type (Bidirectional Transmission, Unidirectional Transmission), Application - Global Forecast 2024-2030
The FSO & VLC/Li-Fi Market size was estimated at USD 4.25 billion in 2023 and expected to reach USD 5.75 billion in 2024, at a CAGR 38.18% to reach USD 40.96 billion by 2030.
Free space optical (FSO) and visible light communication (VLC/Li-Fi) wireless communication is a viable technology for connecting the gap in existing high data rate fiber networks and as a temporary backbone for rapidly deployable mobile communication infrastructure. The worldwide demand for larger bandwidth and greater mobility has enabled rapid advancement in broadband wireless communications. Research showed that only ~65% of the global demand for digital connections till 2030 would be met by existing radio frequency and related technologies, even with upgrades such as 5G and Wi-Fi. Moreover, the onset of COVID-19 has expanded the need for faster internet connections as enterprises accelerated the digitalization of their operations. Research institutes, schools, and corporate offices are increasingly implementing FSO & VLC/Li-Fi systems to offer students secure and seamless internet connectivity. On the other hand, technological restrictions on technology modulation are interfering with connection stability and speed. Security vulnerabilities with FSO and VLC/Li-Fi communications are also high, adversely affecting their adoption. However, Li-Fi technology integration in an Industry 4.0 and smart manufacturing environment and implementation of Li-Fi technologies by government and military authorities are fueling the market growth.
Regional InsightsAmericas represents a highly developing landscape characterized by the rapid expansion of manufacturing outlets and the prevalence of strong telecom infrastructure. Favorable government initiatives and investments in the telecommunication sector have promoted the usage of FSO & VLC/Li-Fi in the Asia-Pacific region. In 2021, the Government of South Korea aimed to create 1,800 companies specializing in new 5G services within the next five years. As per the Global System for Mobile Communication (GSM) Association, the 5G penetration is expected to reach 51% in Mainland China, 64% in Hong Kong, 56% in Taiwan, 11% in Indonesia, 59% in Australia, 68% in Japan, 57% in Singapore, and 73% in South Korea by 2025. Increased investment and raised research & development (R&D) by native market players in EMEA to design and develop new FSO & VLC/Li-Fi applications and technical utilities is expected to expand the growth of the market in Europe. In November 2022, Fraunhofer IPMS developed a LiFi transceiver called Li-Fi GigaDock technology that guarantees data transfer between the components and is integrated into the iBOSS GmbH interface and International Space Station.
FPNV Positioning MatrixThe FPNV Positioning Matrix is pivotal in evaluating the FSO & VLC/Li-Fi Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the FSO & VLC/Li-Fi Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company ProfilesThe report delves into recent significant developments in the FSO & VLC/Li-Fi Market, highlighting leading vendors and their innovative profiles. These include Acervo Lima, Acuity Brands, Inc., aeroLiFi GmbH, Airlinx Communications, Inc., CACI International Inc., Casio Computer Co., Ltd., Consolite Technology, EC System, Firefly Networks Ltd., Fraunhofer HHI, fSONA Networks Corp., General Electric Company, Global LiFi Tech, HAVR, Huawei Technologies Co., Ltd., Iberdrola, S.A., Infinity Technology Services, Irnas D.O.O., LiFi.nl, LiFiComm Tech, LIFX, Lightbee, Lucibel SA, LumEfficient, LLC, LVX System Corp., MaxLinear, Mostcom JSC, Nav Wireless Technologies Pvt. Ltd., NextLiFi, Oledcomm SAS, Panasonic Corporation, Plaintree Systems, PureLiFi Limited, Qualcomm Technologies, Inc., Renesas Electronics Corporation, Samsung Electronics Co., Ltd., Schnell Lifi GmbH, Signify Holding, Slux, Trimble Hungary Kft, Velmenni, VLNComm, Wipro Limited, Wireless Excellence Limited, and ZERO1 LiFi.
Market Segmentation & CoverageThis research report categorizes the FSO & VLC/Li-Fi Market to forecast the revenues and analyze trends in each of the following sub-markets:
Component
Light Emitting Diode
Micro Lens LEDs
Near-Infrared Or Ultraviolet LEDs
Organic LEDs
Phosphorus LEDs
Red Green Blue LEDs
Resonant Cavity LEDs
Microcontroller
Photo Detector
Image Sensor
Photodiode
Transmission Type
Bidirectional Transmission
Unidirectional Transmission
Application
Aviation
Consumer Electronics
Defense & Security
Hospital
Smart Store
Underwater Communication
Vehicle & Transportation
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:1. What is the market size and forecast of the FSO & VLC/Li-Fi Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the FSO & VLC/Li-Fi Market?
3. What are the technology trends and regulatory frameworks in the FSO & VLC/Li-Fi Market?
4. What is the market share of the leading vendors in the FSO & VLC/Li-Fi Market?
5. Which modes and strategic moves are suitable for entering the FSO & VLC/Li-Fi Market?PDF E-mail From Publisher (2-5)Users License