The Global FSO & VLC/Li-Fi Market size was estimated at USD 3,145.22 million in 2022 and expected to reach USD 4,225.92 million in 2023, projecting growth at a CAGR of 37.70% to reach USD 40,664.84 million by 2030.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.

Cumulative Impact of COVID-19:

COVID-19 has had a profound effect on the global economy and businesses around the world. Costs for many businesses have increased considerably due to the restrictions laid down by the government. This has caused some end-users to turn to FSO as an alternative to traditional wired networks due to its cost effectiveness, scalability, and mobility. Additionally, VLC/Li-Fi technology has become increasingly popular since it eliminates interference issues associated with WiFi networks while also providing faster speeds than traditional wired networks.

Cumulative Impact of Russia-Ukraine Conflict:

The ongoing conflict between Russia and Ukraine has had far reaching effects on the global FSO & VLC/Li-Fi market. Communication infrastructure is highly impacted as companies have had difficulty accessing their data due to network outages caused by military activity near communication hubs. This has led to an increase in demand for FSO systems as they are immune from such interference and can be used in areas where access is difficult or impossible due to physical constraints such as mountains or rivers. VLC/Li-Fi technology provides a secure connection even in crowded environments which makes it easier for businesses operating in conflict zones to maintain operations safely and securely despite potential threats posed by third party actors.

Cumulative Impact of High Inflation:

High inflation has long been a problem for businesses across industries as prices rise faster than wages or revenues. As such, reducing operational costs is important for companies looking to stay afloat during this difficult economic time period, making FSO and VLC/Li-Fi attractive options since they require fewer resources and less capital compared to traditional methods of communication infrastructure like cable or satellite connections. Furthermore, both technologies offer higher speeds than traditional networks, allowing businesses to operate more efficiently with less downtime or disruption caused by network outages or slow speeds associated with other methods of data transfer and storage.

Market Dynamics:

The market dynamics represent the ever-shifting landscape of the Global FSO & VLC/Li-Fi Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.

  • Drivers
    • Growing need for high-speed wireless connectivity and global inclination toward connected devices
    • Deployment of Li-Fi technologies by government and military authorities
    • Integration of Li-Fi Technology in an Industry 4.0 and smart manufacturing
  • Restraints
    • Technical limitations regarding technology modulation disturbing the stability and speed of connections
  • Opportunities
    • Research and advancements in FSO & VLC/Li-Fi primarily focused on bi-directional Li-Fi system, AI, IoT, and Big data
    • Emergence of Li-Fi technologies in space and transportation sectors with adequate investments
  • Challenges
    • Possibilities of security compromise with FSO & VLC/Li-Fi communications

Market Segmentation & Coverage:

    This research report categorizes the Global FSO & VLC/Li-Fi Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Component, the market is studied across Light Emitting Diode, Microcontroller, and Photo Detector. The Light Emitting Diode is further studied across Micro Lens LEDs, Near-Infrared Or Ultraviolet LEDs, Organic LEDs, Phosphorus LEDs, Red Green Blue LEDs, and Resonant Cavity LEDs. The Photo Detector is further studied across Image Sensor and Photodiode.
  • Based on Transmission Type, the market is studied across Bidirectional Transmission and Unidirectional Transmission.
  • Based on Application, the market is studied across Aviation, Consumer Electronics, Defense & Security, Hospital, Smart Store, Underwater Communication, and Vehicle & Transportation.
  • Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global FSO & VLC/Li-Fi Market, including Acuity Brands, Inc., Airlinx Communications, Inc., EC System, Fraunhofer HHI, fSONA Networks Corp., General Electric Company, Global LiFi Tech, Infinity Technology Services, Irnas D.O.O., Lightbee, Lucibel SA, LumEfficient, LLC, LVX System Corp., Mostcom JSC, NextLiFi, Oledcomm SAS, Panasonic Corporation, Plaintree Systems, PureLiFi Limited, Signify Holding by Koninklijke Philips N.V., Velmenni, VLNComm, Wipro Limited, and Wireless Excellence Limited.

The report provides insights on the following pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the key players
  • Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
  • Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
  • Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
  • Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

  • What is the market size and forecast of the Global FSO & VLC/Li-Fi Market?
  • What are the inhibiting factors and impact of COVID-19 shaping the Global FSO & VLC/Li-Fi Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global FSO & VLC/Li-Fi Market?
  • What is the competitive strategic window for opportunities in the Global FSO & VLC/Li-Fi Market?
  • What are the technology trends and regulatory frameworks in the Global FSO & VLC/Li-Fi Market?
  • What is the market share of the leading vendors in the Global FSO & VLC/Li-Fi Market?
  • What modes and strategic moves are considered suitable for entering the Global FSO & VLC/Li-Fi Market?