Global FSO and VLC/Li-Fi Market to Reach USD 11,440.61 Million by 2031 | CAGR of 22.6%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
FSO and VLC/Li-Fi Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the FSO and VLC/Li-Fi Market size was valued at USD 2,247.12 million in 2023 and is projected to grow at a CAGR of 22.6%, reaching USD 11,440.61 million by 2031. Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) are advanced wireless technologies that utilize laser beams and visible light, respectively, to transmit high-speed data. These systems are energy-efficient, secure, and faster alternatives to traditional Wi-Fi, finding applications in IT and telecommunications, aerospace, healthcare, and beyond.
The report comprises the FSO and VLC/Li-Fi Market Share, Size & Industry Analysis, based on Component (LED, IR Emitters, Optocouplers, Image Sensors), End-Use (IT and Telecommunication, Aerospace, Healthcare, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on FSO and VLC/Li-Fi Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The rising demand for high-speed, secure data transmission and advancements in healthcare and telecommunication technologies drive market growth, while high installation costs pose challenges.
Segmental Analysis :
Based on component, the market is segmented into LED, IR Emitters, Optocouplers, and Image Sensors.
- The LED segment accounted for the largest revenue share of 39.21% in 2023, driven by its widespread use in VLC and Li-Fi systems for secure, high-speed data transmission.
- The IR emitters segment is projected to grow at the fastest rate, supported by its application in long-distance and outdoor communications, including security systems and remote controls.
Based on end-use, the market is segmented into IT and Telecommunication, Aerospace, Healthcare, and Others.
- The IT and Telecommunication segment dominated the market in 2023, fueled by the adoption of VLC for high-speed, secure data transfer in cloud services and telecommunication infrastructure.
- The healthcare segment is expected to register the fastest CAGR, driven by its use in interference-free data transmission in hospitals and advanced medical facilities.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Held the largest market share in 2023, with China contributing 32.9% of the revenue, supported by investments in IT and telecommunication sectors.
- North America: Expected to grow significantly due to advancements in 5G and IoT technologies and strong adoption in IT and healthcare.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 11,440.61 Million |
| CAGR (2024-2031) | 22.6% |
| Component | LED, IR Emitters, Optocouplers, Image Sensors |
| End-Use | IT and Telecommunication, Aerospace, Healthcare, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the FSO and VLC/Li-Fi Industry:
- Lightbee (Spain)
- Caci International Inc. (United States)
- EC System (Poland)
- Acuity Brands, Inc. (United States)
- Airlinx Communications, Inc. (United States)
- Global LiFi Tech (Canada)
- PureLiFi (United Kingdom)
- Mostcom (Canada)
- NextLiFi (Australia)
- Lumefficient (United States)
Recent Industry Developments :
- July 2024: Vishay Intertechnology launched an 890nm IR emitting diode for high-speed optical communications.
- April 2023: Viasat unveiled the Mercury Free Space Optical Communications terminal, achieving data rates of up to 40 Gbps for terrestrial applications.
- May 2023: Raytheon Technologies introduced NexGen Optix, a FSO communication system enabling secure, high-speed data transmission.
