What Has Been the Growth of the FSO and VLC/Li-Fi Market So Far?
The fso and vlc/li-fi market has seen considerable growth due to a variety of factors.
• The FSO and VLC/Li-Fi market has experienced exponential growth in recent years. It will increase from $5.37 billion in 2024 to $7.44 billion in 2025, at a compound annual growth rate (CAGR) of 38.4%.
This expansion is driven by urbanization, growing concerns over spectrum congestion, advancements in energy-efficient technologies, increased R&D investment, and the increasing use of wireless sensors.
How Will the FSO and VLC/Li-Fi Market?
The fso and vlc/li-fi market is expected to maintain its strong growth trajectory in upcoming years.
• The FSO and VLC/Li-Fi market is anticipated to grow rapidly, reaching $27.17 billion by 2029 at a CAGR of 38.2%.
This growth is attributed to the expansion of 5G networks, smart city initiatives, indoor wireless communication adoption, and rising demand for wireless connectivity. Key trends include IoT and 5G adoption, RF technology integration, and continuous technological advancements.
Which Factors Are Boosting Growth In The FSO and VLC/Li-Fi Market?
The rising demand for high-speed wireless connectivity is expected to promote the growth of the FSO and VLC or Li-Fi market. With the increasing number of connected devices and bandwidth-intensive applications, the need for faster wireless communication is growing. Free space optics (FSO) and visible light communication (VLC), or Li-Fi, provide efficient, secure data transmission. According to 5G Americas, the number of 5G wireless connections worldwide rose by 76% from 2021 to 2022, with projections to reach 5.9 billion by 2027. This growing demand for high-speed connectivity is driving the FSO and VLC or Li-Fi market.
What Key Areas Define The Segmentation Of The Global FSO and VLC/Li-Fi Market?
The FSO and VLC/Li-Fi market covered in this report is segmented –
1) By Component: Light Emitting Diode, Infrared Emitters, Opto-Couplers, Image Sensors
2) By Transmission Type: Unidirectional, Bidirectional
3) By Application: Intelligent Transportation Systems (ITS), Indoor Networking, In-Flight Entertainment And Communication, Health Care And Underwater Communication, Location-Based Services
Subsegments:
1) By Light Emitting Diode: Standard LEDs, High-Power LEDs, Organic LEDs (OLEDs), Micro LEDs, Other LEDs
2) By Infrared Emitters: Laser Diodes, Light Emitting Diodes (LEDs), Vertical Cavity Surface Emitting Lasers (VCSELs), Other Infrared Emitters
3) By Opto-Couplers: Phototransistor Opto-Couplers, Photometric Opto-Couplers, Photodiode Opto-Couplers, High-Speed Opto-Couplers, Other Opto-Couplers
4) By Image Sensors: CMOS Image Sensors, CCD (Charge-Coupled Device) Sensors, InGaAs Image Sensors, Other Image Sensors
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What Trends Are Shaping The FSO and VLC/Li-Fi Market?
Companies in the FSO and VLC or Li-Fi market are developing advanced light antenna modules to improve communication efficiency. For example, in February 2023, pureLiFi Ltd. launched the Light Antenna ONE, a compact Li-Fi module designed for seamless integration into connected devices. The module will support the widespread adoption of Li-Fi technology in smartphones and other devices.
Who Are the Key Players In The FSO and VLC/Li-Fi Market?
Major companies operating in the FSO and VLC/Li-Fi market are:
• Panasonic Corporation
• Koninklijke Philips N.V.
• Signify Holding B.V.
• Acuity Brands Inc.
• LightPointe Communications Inc.
• SLD Laser
• Visilink Technologies Inc.
• fSONA Networks Corporation
• pureLiFi Ltd.
• Plaintree Systems Inc.
• Lucibel
• SkyFiber Inc.
• Velmenni Research Pvt. Ltd.
• Infinity Technology Services Inc.
• Airlinx Communications Inc.
• VLNComm Inc.
• Global LiFi Tech Inc.
• LVX System
• Oledcomm
• Trimble Inc.
What Is The Most Dominant Region In The FSO and VLC/Li-Fi Market?
North America was the largest region in the FSO and VLC/Li-Fi market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the FSO and VLC/Li-Fi market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
