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Global FSO & VLC/Li-Fi Market to reach USD 25.5 billion by the end of 2029

Global FSO & VLC/Li-Fi Market Size study&Forecast, by Component (Light Emitting Diode, Photo Detector, Microcontroller) by Transmission Type (Unidirectional Transmission, Bidirectional Transmission) by Application (Smart Store, Street Light, Consumer Electronics, Defence and Security, Vehicle and Transportation, Aviation, Hospital, Underwater Communication, Hazardous Environment, Other)and Regional Analysis, 2022-2029

Product Code: ICTNGT-54252309
Publish Date: 20-03-2023
Page: 200

Global FSO & VLC/Li-Fi Market is valued at approximately USD 1.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 40.3% over the forecast period 2022-2029. Data transmission across free space or using light is made possible by the technologies known as Free Space Optics (FSO) and Visible Light Communication (VLC). In contrast to VLC systems, which rely on LEDs with a bandwidth of 300MHz to 110GHz, FSO systems use an infrared laser beam. The two markets with the highest projected CAGRs are for VLC for undersea communications applications and FSO for healthcare applications. FSO and VLC are utilized more frequently as a result of their support for effective data transmission technologies that keep information secure as well as the growing level of market player cooperation.
. The market value for free space optics (FSO) and visible light communication (VLC) will significantly increase as these technologies become more widely used to replace outdated technology. Rising collaboration between private players is driving the market significantly. In 2022, Acuity Brands (US) partnered recently with Spatial DNA (Canada) to introduce the Atrius IoT Partner program and leverage location-based data provided by Atrius Platform Services and Atrius-Ready Sensory Networks to build mobile applications for indoor navigation and enterprise workflows. FSO is used to wirelessly transmit data for telecommunication and computer networking. The light in free space—which could be anything from a vacuum to outer space to air—is used for this purpose. Using visible light between 400 and 800 THz, visible light communication (VLC) is a wireless data transmission technique. This leads to adoption of FSO and VLC Li-Fi. However, the high cost of FSO & VLC/Li-Fi stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global FSO & VLC/Li-Fi Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the region with the dominating market share of FSO & VLC/Li-Fi . The region will hold the majority of the FSO & VLC/Li-Fi market in 2022. The region’s FSO market is expanding due to the expansion of manufacturing facilities, the quick development of telecommunications infrastructure, and the rising need for CAD. North America currently is the fastest growing region for visible light communication (VLC) and free space optics (FSO). Market is fueled majorly by a substantial increase in finance and investment for the advancement of the underlying technology.
Major market player included in this report are:
FSONA Networks Corp
Wireless Excellence Limited
Signify Holding
PureLiFi Limited
Acuity Brands, Inc.
Panasonic holdings Corporation
Fraunhofer Heinrich Hertz Institute (HHI)
Trimble Hungary Kft. Ltd.

Recent Developments in the Market:
 In September 2021, Lucibel introduced Lucipanel Lifi, the third version of their Li-Fi product
 In September 2020, Panasonic merged with Octasic Inc. and began working together.
Global FSO & VLC/Li-Fi Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Transmission Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Light Emitting Diode
Photo Detector
By Transmission Type:
Unidirectional Transmission
Bidirectional Transmission
By Application:
Smart Store
Street Light
Consumer Electronics
Defence and Security
Vehicle and Transportation
Underwater Communication
Hazardous Environment

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. FSO & VLC/Li-Fi Market, by Region, 2019-2029 (USD Billion)
1.2.2. FSO & VLC/Li-Fi Market, by Component,2019-2029 (USD Billion)
1.2.3. FSO & VLC/Li-Fi Market, by Transmission Type, 2019-2029 (USD Billion)
1.2.4. FSO & VLC/Li-Fi Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global FSO & VLC/Li-Fi Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global FSO & VLC/Li-Fi Market Dynamics
3.1. FSO & VLC/Li-Fi Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Efficient Data Transfer Technology rising collaboration between private players
3.1.2. Market Challenges High Installation Cost of FSO & VLC/Li-Fi
3.1.3. Market Opportunities Growth in adoption of Li-Fi Advancement in Technology Formulation
Chapter 4. Global FSO & VLC/Li-Fi MarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global FSO & VLC/Li-Fi Market, by Component
6.1. Market Snapshot
6.2. Global FSO & VLC/Li-Fi Market by Component, Performance – Potential Analysis
6.3. Global FSO & VLC/Li-Fi Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. FSO & VLC/Li-Fi Market, Sub Segment Analysis
6.4.1. Light Emitting Diode
6.4.2. Photo Detector
6.4.3. Microcontroller
Chapter 7. Global FSO & VLC/Li-Fi Market, by Transmission Type
7.1. Market Snapshot
7.2. Global FSO & VLC/Li-Fi Market by Transmission Type, Performance – Potential Analysis
7.3. Global FSO & VLC/Li-Fi Market Estimates & Forecasts by Transmission Type2019-2029 (USD Billion)
7.4. FSO & VLC/Li-Fi Market, Sub Segment Analysis
7.4.1. Unidirectional Transmission
7.4.2. Bidirectional Transmission
Chapter 8. Global FSO & VLC/Li-Fi Market, by Application
8.1. Market Snapshot
8.2. Global FSO & VLC/Li-Fi Market by Application, Performance – Potential Analysis
8.3. Global FSO & VLC/Li-Fi Market Estimates & Forecasts by Application2019-2029 (USD Billion)
8.4. FSO & VLC/Li-Fi Market, Sub Segment Analysis
8.4.1. Smart Store
8.4.2. Street Light
8.4.3. Consumer Electronics
8.4.4. Defence and Security
8.4.5. Vehicle and Transportation
8.4.6. Aviation
8.4.7. Hospital
8.4.8. Underwater Communication
8.4.9. Hazardous Environment
8.4.10. Other
Chapter 9. Global FSO & VLC/Li-Fi Market, Regional Analysis
9.1. FSO & VLC/Li-Fi Market, Regional Market Snapshot
9.2. North America FSO & VLC/Li-Fi Market
9.2.1. U.S.FSO & VLC/Li-Fi Market Componentbreakdown estimates & forecasts, 2019-2029 Transmission Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
9.2.2. CanadaFSO & VLC/Li-Fi Market
9.3. Europe FSO & VLC/Li-Fi Market Snapshot
9.3.1. U.K. FSO & VLC/Li-Fi Market
9.3.2. Germany FSO & VLC/Li-Fi Market
9.3.3. France FSO & VLC/Li-Fi Market
9.3.4. Spain FSO & VLC/Li-Fi Market
9.3.5. Italy FSO & VLC/Li-Fi Market
9.3.6. Rest of EuropeFSO & VLC/Li-Fi Market
9.4. Asia-PacificFSO & VLC/Li-Fi Market Snapshot
9.4.1. China FSO & VLC/Li-Fi Market
9.4.2. India FSO & VLC/Li-Fi Market
9.4.3. JapanFSO & VLC/Li-Fi Market
9.4.4. Australia FSO & VLC/Li-Fi Market
9.4.5. South Korea FSO & VLC/Li-Fi Market
9.4.6. Rest of Asia PacificFSO & VLC/Li-Fi Market
9.5. Latin America FSO & VLC/Li-Fi Market Snapshot
9.5.1. Brazil FSO & VLC/Li-Fi Market
9.5.2. MexicoFSO & VLC/Li-Fi Market
9.6. Rest of The World FSO & VLC/Li-Fi Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. FSONA Networks Corp Key Information Overview Financial (Subject to Data Availability) ProductSummary Recent Developments
10.2.2. Wireless Excellence Limited
10.2.3. Signify Holding
10.2.4. Oledcomm
10.2.5. Lucibel
10.2.6. PureLiFi Limited
10.2.7. Acuity Brands, Inc.
10.2.8. Panasonic holdings Corporation
10.2.9. Fraunhofer Heinrich Hertz Institute (HHI)
10.2.10. Trimble Hungary Kft. Ltd.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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