Li-Fi Market

Li-Fi Market / Free Space Optics (FSO) and Visible Light Communication (VLC) Market Size, Share, Statistics and Industry Growth Analysis Report by FSO Component, FSO Application, FSO Vertical, VLC Component (LED, Photodetector, Microcontroller, Software), Transmission Type, VLC Application and Region (Americas, Europe, Asia Pacific and RoW) - Global Forecast to 2028

Report Code: SE 2601 Jan, 2023, by marketsandmarkets.com

Updated on : January 17 , 2024

Global Li-Fi market / Free space optics (FSO) and Visible Light Communication (VLC) Market size is projected to grow from USD 3.3 billion in 2023 to USD 18.2 billion by 2028, registering a CAGR of 40.3% during the forecast period.

Key factors fueling the growth of Li-Fi market include the alternative solution to RF technology for outdoor networking, increasing adoption of FSO in place of RF  communication, and high growth of LEDs due to less energy consumption. High emergence of new applications such as IoT and 5G and growing adoption of Li-Fi in various industries create a strong demand for Li-Fi for efficient industrial operations. Players in the FSO & VLC / Li-Fi market adopted growth strategies such as product launches, partnerships, collaborations, and strategic alliances to cater to the growing demand for FSO & VLC / Li-Fi systems and expand their global footprint to all the major regions.

The objective of the report is to define, describe, and forecast the FSO & VLC / Li-Fi industry based on component, product, application, vertical, and region.

FSO & VLC/Li-Fi Market

FSO & VLC / Li-Fi Market Statistics and Forecast to 2028

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FSO and VLC / Li-Fi market dynamics

Driver: Faster and safer data transfer than other challenging technologies

Free Space Optics (FSO) and Visible Light Communication (VLC) technology is very efficient in terms of energy consumption. The VLC system consumes very low energy by using LEDs for data transmission purposes. According to the Ultra-Parallel Visible Light Communications (UP-VLC) program funded by the Engineering and Physical Sciences Research Council (EPSRC), data rates up to 3.5 Gbps can be achieved with a single blue LED, or up to 1.7 Gbps can be achieved with white light. With the help of LED, large quantities of data can be transferred across a spectrum 10,000 times wider than the RF spectrum. VLC technology is greener, cleaner, and safer as it produces no hazardous emissions, unlike RF, and is also biologically safe. Thus, faster and safer data communication than other competing technologies is the major driving factor for VLC technology.

Restraint: High installation price for FSO solutions

 The high installation cost of FSO technology-based devices is a hindrance to the wide adoption of the FSO system. The high initial expenses on the components used in the setup of the whole communication system, which is around USD 3,000 to USD 15,000 for the hardware, and around USD 500 to USD 1,000 for an installation, could negatively impact the customers’ decision to adopt the FSO technology. Although the cost incurred in installing the FSO technology is significantly less than the cost of deploying fiber-optic lines, the installation of FSO in a smaller area incurs a higher cost compared to that of large buildings. Hence, the mass installation of FSO helps in reducing the cost of the overall installation.

Opportunity: Growth in adoption of Li-Fi in various industries

VLC is a promising technology not only for increasing the capacity of indoor wireless communication but also for ensuring security. White LEDs are rapidly penetrating the market, and they can be used for both lighting and communication. VLC provides a cost-effective technique for duplex communication for home users and also satisfies the requirements of a small LAN. After the deployment of 3G systems, researchers have observed that customers are demanding more bandwidth. To fulfill these needs, fourth-generation (4G) and further systems are being introduced as heterogeneous access techniques must be available. Moreover, VLC technology is ubiquitous, and it can be utilized in multiple applications such as smart stores, streetlights, hospitals, aerospace, underwater, and hazardous environment.

Challenge: Reliability issues due to fading of signals during propagation

 The most significant one is the reliability issue due to signal degradation during propagation, resulting from environmental interferences such as fog, scintillation, absorption, scattering, and physical obstructions such as birds and trees. The atmosphere has a detrimental impact on optical beams, which worsens as the length of the link increases. The major challenge to FSO communications is fog. The primary way to counter fog while deploying FSO is through a network design that shortens FSO link distances and adds network redundancies. At present, the fading of signals during propagation due to environmental interference is posing a major challenge of reliability; however, with the advancement in technology, it is expected that a solution would soon be found to this problem.

Mobile backhaul and consumer electronics held largest share of Free Space Optics (FSO) and Visible Light Communication (VLC) in 2022

The mobile backhaul application is expected to continue to account for the largest size of the FSO Industry . Wireless networks are evolving from voice-only traffic to networks that support voice and high-speed data services. At the time of such transition, there is a growing requirement for additional bandwidth. Wireless service backhaul transport requirements are explained by wireless 2G and 3G spectrums, cell site capacity requirements, and performance metrics that include latency and jitter. At present, the mobile backhaul market is experiencing a paradigm shift from the current plesiochronous digital hierarchy (PDH) and asynchronous transfer mode (ATM) to Ethernet-based network solutions. This is primarily due to the increasing demand for frequency bandwidth and pressure on mobile operators to reduce costs. Various backhaul carrier technologies are time-division multiplexing (TDM) leased lines, digital subscriber line (DSL), microwave, passive optical network (PON–EPON/GPON), fiber-based Ethernet, and FSO. FSO can be used as a complementary technology for custom wireless technologies, such as Wi-Fi and WiMAX, that use microwave/RF spectrum for these applications. Therefore, many network service providers offer dual-mode systems with FSO and microwave as they complement each other.

Bidirectional to own maximum share by transmission type in FSO and VLC / Li-Fi market

The bidirectional segment held a large share of the market in 2022, and this trend is projected to continue during the forecast period. Unidirectional VLC has unidirectional and point-to-point light communication at low data rates. While the bidirectional VLC technology is fully networked, bidirectional, and high-speed wireless communication, the technology is projected to be adopted by all the major verticals. The market is projected to account for a significant share and surpass the growth of the unidirectional transmission type market during the forecast period.

Free Space Optics (FSO) and Visible Light Communication (VLC) market to witness highest demand from Asia Pacific

The Asia Pacific region is forecasted to account for the largest share of the FSO and VLC industry by 2028. The FSO and VLC market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period. APAC is a promising market for manufacturers of VLC technology. Japan is considered as a hub for VLC developments in APAC.  Key application areas in this region are communication, underwater communication, and automotive. Also, as VLC players are focusing on the integration of VLC systems with consumer electronic devices, the market in APAC is projected to grow, as the region has the presence of various leading consumer electronics manufacturers. Outstanding Technology (Japan), Renesas Electronics (Japan), Fujitsu (Japan), Panasonic (Japan), and LG Electronics (South Korea) are actively involved in the R&D activities of VLC technology in APAC.

FSO & VLC/Li-Fi Market by Region

FSO & VLC/Li-Fi Market by Region

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Top FSO and VLC Market Companies - Key Market Players

The FSO and VLC companies such as fSONA Networks Corp. (Canada), Wireless Excellence Limited (UK), Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi Limited (UK), Acuity Brands (US), Panasonic Corporation (Japan), Fraunhofer HHI (Germany), and Trimble Hungary (Hungry), among others.

FSO and VLC Market Report Scope :

Report Metric

Details

Estimated Li-Fi Market Size USD 3.3 Billion
Projected Li-Fi Market Size USD 18.2 Billion
Li-Fi Growth Rate CAGR of 40.3%

Li-Fi Market Size Available for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Units

Value (USD Million/USD Billion)

Segments Covered

  • By Component,
  • By Transmission Type,
  • By Application,
  • By Vertical,
  • By Region

Regions Covered

  • Americas,
  • Europe,
  • Asia Pacific, and
  • RoW

Li-Fi Companies Covered

 fSONA Networks Corp. (Canada), Wireless Excellence Limited (UK), Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi Limited (UK), Acuity Brands (US), Panasonic Corporation (Japan), Fraunhofer HHI (Germany), and Trimble Hungary (Hungary)
A total of 25 players are profiled in the report.

FSO & VLC / Li-Fi Market Highlights

This report categorizes the FSO & VLC / Li-Fi Industry based on component, product, application, vertical, and region.

Aspect

Details

By FSO Component:

  • Transmitter
  • Receiver
  • Modulator and Demodulator

By FSO Application:

  • Mobile Backhaul
  • Enterprise Connectivity
  • Disaster Recovery
  • Defense
  • Satellite
  • Healthcare
  • Security
  • Engineering and Design
  • Others (redundant link, storage area network, last-mile access, and metropolitan area network)

By FSO Vertical:

  • IT and Telecommunication
  • Aerospace and Defense
  • Consumer Electronics
  • Automotive
  • Others (Healthcare, Industrial, etc.) 

By Transmission Type (VLC Market):

  • Unidirectional
  • Bidirectional

By VLC Component:

  • LED
  • Photodetector
  • Microcontroller
  • Software

By VLC Application:

  • Smart Store
  • Street Light
  • Consumer Electronics
    • Residential
    • Commercial
  • Defense and Security
  • Vehicle and Transportation
    • Vehicle-to-Vehicle (V2V) Communication
    • Location-based Service (LBS)
    • Intelligent Transportation System (ITS)
  • Aviation
  • Hospital
    • Asset Tracking
    • Patient Tracking
    • Data Monitoring
  • Underwater Communication
  • Hazardous Environment
  • Others
    • Museum
    • Digital Signage
    • Hotel and Casino
    • Logistics

By Geography (FSO and VLC):

  • Americas
  • Europe
  • Asia Pacific
  • Rest of the World (RoW

Recent Developments in FSO and VLC Industry :

  • In February 2022, pureLiFi demonstrated the next generation of connectivity for the home at the Mobile World Congress (MWC) in Barcelona. The ground-breaking demonstration features the world’s first LiFi ecosystem for the consumer market, named LiFi@Home™.
  • In July 2022, PureLiFi received a £10M boost to their business through a partnership with the Scottish government. The partnership with the Scottish National Investment Bank will enable pureLiFi to develop new technologies further while opening up additional markets in areas such as mobile phones, tablets, wearables, and other connected devices.
  • In April 2021, pureLiFi announced a new deal to supply the US Army with Kitefin™, the next-generation optical wireless communication system using LiFi for secure data transmission without radio frequencies.
  • In September 2021, Lucibel announced the third generation of their Li-Fi product, named Lucipanel LiFi. The growing interest in LiFi technology on the part of many players (designers and integrators of Li-Fi solutions, manufacturers of smartphones and computers, telecom operators, end customers, etc.) makes it possible to anticipate a rapid acceleration in Li-Fi penetration from the start.
  • In September 2020, Panasonic collaborated with Octasic Inc. (Canada), an innovation leader in low-power programmable processors for wireless and multimedia applications, to develop shared eXtended Global Platform (sXGP) solutions to involve 5G and Beyond 5G-based wireless network products, especially for mission-critical applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION AND SCOPE 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE 
           FIGURE 1 FSO MARKET: SEGMENTATION
           FIGURE 2 VLC / LI-FI MARKET: SEGMENTATION
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY 
    1.5 VOLUME UNIT CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA 
           FIGURE 3 FSO AND VLC / LI-FI MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size through bottom-up approach (demand side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE)— REVENUE GENERATED BY COMPANIES IN FSO AND VLC / LI-FI MARKET
                               FIGURE 5 FSO AND VLC / LI-FI MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Methodology to capture market size using top-down approach
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN FSO AND VLC / LI-FI MARKET
                               FIGURE 7 FSO AND VLC / LI-FI MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 LIMITATIONS 
    2.6 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 9 FSO MARKET FOR DISASTER MANAGEMENT APPLICATION TO DOMINATE DURING FORECAST PERIOD
    FIGURE 10 VLC / LI-FI MARKET, IN TERMS OF VALUE, BY COMPONENT, 2023 VS. 2028
    FIGURE 11 VLC / LI-FI MARKET FOR UNDERWATER COMMUNICATION APPLICATION TO RECORD HIGHEST CAGR FROM 2023 TO 2028
    FIGURE 12 FSO AND VLC /LI-FI MARKET FOR ASIA PACIFIC TO GROW AT HIGHEST RATE
 
4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FSO AND VLC / LI-FI MARKET 
           FIGURE 13 GROWING DEMAND FOR HIGH-SPEED INTERNET CONNECTIVITY TO BOOST FSO MARKET GROWTH
           FIGURE 14 INCREASING USE OF SMART LIGHTING SOLUTIONS TO BOOST VLC / LI-FI MARKET GROWTH
    4.2 VLC / LI-FI MARKET, BY TRANSMISSION TYPE 
           FIGURE 15 BIDIRECTIONAL TRANSMISSION SEGMENT TO RECORD HIGHER CAGR FROM 2023 TO 2028
    4.3 FSO AND VLC / LI-FI MARKET, BY APPLICATION 
           FIGURE 16 MOBILE BACKHAUL AND SMART STORES APPLICATIONS ACCOUNTED FOR LARGEST SHARES OF FSO AND VLC / LI-FI MARKETS, RESPECTIVELY, IN 2022
    4.4 FSO AND VLC / LI-FI MARKET, BY REGION 
           FIGURE 17 FSO MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028
           FIGURE 18 VLC / LI-FI MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 FSO MARKET: MARKET DYNAMICS
           FIGURE 20 VLC / LI-FI MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 FSO market
                               5.2.1.1.1 Effective alternative to RF technology for outdoor networking
                               5.2.1.1.2 Limited last mile connectivity
                                            FIGURE 21 FSO MARKET: IMPACT OF DRIVERS
                    5.2.1.2 VLC / Li-Fi market
                               5.2.1.2.1 Ability to offer faster and safer data transfer
                               5.2.1.2.2 High growth of LEDs due to low energy consumption
                                            FIGURE 22 LED LIGHTING SALES IN NET ZERO SCENARIO, 2016–2030
                                            FIGURE 23 VLC /LI-FI MARKET: IMPACT OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 FSO market
                               5.2.2.1.1 High installation cost for FSO solutions
                                            FIGURE 24 FSO MARKET: IMPACT OF RESTRAINTS
                    5.2.2.2 VLC /Li-Fi market
                               5.2.2.2.1 Suited only to short-range communication applications
                                            FIGURE 25 VLC /LI-FI MARKET: IMPACT OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 FSO market
                               5.2.3.1.1 Increasing preference for FSO over RF in space programs
                                            TABLE 1 RF VS. FSO FOR SPACE PROGRAMS
                                            FIGURE 26 FSO MARKET: IMPACT OF OPPORTUNITIES
                    5.2.3.2 VLC /Li-Fi market
                               5.2.3.2.1 Growing adoption of Li-Fi in various industries
                               5.2.3.2.2 Emergence of new applications such as IoT and 5G
                                            FIGURE 27 VLC /LI-FI MARKET: IMPACT OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 FSO market
                               5.2.4.1.1 Reliability issues due to fading of signals during propagation
                                            TABLE 2 POWER LOSS IN FSO SYSTEMS DUE TO ENVIRONMENTAL INTERFERENCE
                                            FIGURE 28 FSO MARKET: IMPACT OF CHALLENGES
                    5.2.4.2 VLC /Li-Fi market
                               5.2.4.2.1 Lack of technological awareness
                                            FIGURE 29 VLC /LI-FI MARKET: IMPACT OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 30 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED TO FSO AND VLC / LI-FI MARKET
    5.4 ECOSYSTEM/MARKET MAP 
           FIGURE 31 FSO AND VLC / LI-FI ECOSYSTEM
           TABLE 3 COMPANIES AND THEIR ROLE IN FSO AND VLC / LI-FI ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE (ASP) OF VARIOUS FSO AND VLC / LI-FI SOLUTIONS
                    TABLE 4 AVERAGE SELLING PRICE OF FSO AND LI-FI SOLUTIONS FROM 2021 TO 2022
                    FIGURE 32 AVERAGE SELLING PRICE OF KEY LI-FI PLAYERS (USD)
                    TABLE 5 AVERAGE SELLING PRICE OF KEY LI-FI PLAYERS (USD)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR FSO AND VLC / LI-FI PROVIDERS
                    FIGURE 33 REVENUE SHIFT FOR FSO AND VLC / LI-FI MARKET
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 O2 TELEFONICA USES LI-FI FOR 5G AND BEYOND
           5.7.2 ACUITY BRANDS, INC. OFFERS LI-FI TECHNOLOGY FOR RETAIL ENTITIES
           5.7.3 ELIOT DEVELOPS IOT APPLICATIONS BASED ON LI-FI
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 6 IMPACT OF PORTER’S FIVE FORCES ON FSO AND VLC / LI-FI MARKET
           FIGURE 34 PORTER’S FIVE FORCES ANALYSIS: FSO AND VLC / LI-FI MARKET
           5.8.1 INTENSITY OF COMPETITIVE RIVALRY
           5.8.2 BARGAINING POWER OF SUPPLIERS
           5.8.3 BARGAINING POWER OF BUYERS
           5.8.4 THREAT OF SUBSTITUTES
           5.8.5 THREAT OF NEW ENTRANTS
    5.9 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE FSO APPLICATIONS
                    TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE FSO APPLICATIONS (%)
                    FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VLC / LI-FI APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VLC / LI-FI APPLICATIONS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE FSO APPLICATIONS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP THREE FSO APPLICATIONS
                    FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE VLC / LI-FI APPLICATIONS
                    TABLE 10 KEY BUYING CRITERIA FOR TOP THREE VLC / LI-FI APPLICATIONS
    5.10 CASE STUDY ANALYSIS 
           TABLE 11 EC SYSTEM’S FSO SYSTEM PROVIDES WIRELESS POINT-TO-POINT CONNECTION
           TABLE 12 EC SYSTEM’S CABLE-FREE OPTICAL TECHNOLOGY DEPLOYED IN EBENE CYBER CITY IN MAURITIUS
           TABLE 13 BABCOCK USES LI-FI TO IMPROVE INFORMATION GATHERING
    5.11 TRADE ANALYSIS 
           FIGURE 39 IMPORT DATA, BY COUNTRY, 2017−2021 (USD THOUSAND)
           FIGURE 40 EXPORT DATA, BY COUNTRY, 2017−2021 (USD THOUSAND)
    5.12 PATENT ANALYSIS 
           FIGURE 41 COMPANIES WITH HIGHEST NUMBER OF FSO PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 14 TOP 20 FSO PATENT OWNERS IN LAST 10 YEARS
           FIGURE 42 NUMBER OF FSO PATENTS GRANTED PER YEAR, 2012−2022
           FIGURE 43 COMPANIES WITH HIGHEST NUMBER OF LI-FI PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 15 TOP 20 LI-FI PATENT OWNERS IN LAST 10 YEARS
           FIGURE 44 NUMBER OF VLC/LI-FI PATENTS GRANTED PER YEAR, 2012−2022
           5.12.1 MAJOR PATENTS
                    TABLE 16 MAJOR PATENTS IN FSO AND LI-FI MARKET
    5.13 KEY CONFERENCES AND EVENTS, 2022–2023 
           TABLE 17 FSO AND LI-FI MARKET: CONFERENCES AND EVENTS
    5.14 REGULATORY LANDSCAPE 
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO FSO AND LI-FI
                    TABLE 18 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 19 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 20 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 21 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 STANDARDS AND REGULATIONS RELATED TO FSO AND LI-FI
                    TABLE 22 NORTH AMERICA: SAFETY STANDARDS FOR FSO AND LI-FI MARKET
                    TABLE 23 EUROPE: SAFETY STANDARDS FOR FSO AND LI-FI MARKET
                    TABLE 24 ASIA PACIFIC: SAFETY STANDARDS FOR FSO AND LI-FI MARKET
                    TABLE 25 ROW: SAFETY STANDARDS FOR FSO AND LI-FI MARKET
 
6 FREE SPACE OPTICS (FSO) MARKET (Page No. - 96)
    6.1 FSO MARKET, BY COMPONENT 
           6.1.1 INTRODUCTION
                    FIGURE 45 FSO MARKET, BY COMPONENT
                    FIGURE 46 MODULATORS & DEMODULATORS SEGMENT TO SHOW HIGHEST GROWTH IN FSO MARKET DURING FORECAST PERIOD
                    TABLE 26 FSO MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 27 FSO MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
           6.1.2 TRANSMITTERS
                    6.1.2.1 Widespread use of LEDs as transmitters in FSO systems
           6.1.3 RECEIVERS
                    6.1.3.1 Photodetectors suited for use as receivers in FSO systems
           6.1.4 MODULATORS & DEMODULATORS
                    6.1.4.1 Ensure efficient communication in FSO systems
    6.2 FSO MARKET, BY APPLICATION 
           6.2.1 INTRODUCTION
                    FIGURE 47 FSO MARKET, BY APPLICATION
                    FIGURE 48 FSO MARKET FOR HEALTHCARE APPLICATION TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                    TABLE 28 FSO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 29 FSO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           6.2.2 MOBILE BACKHAUL
                    6.2.2.1 Use of FSO solutions for additional bandwidth
                               TABLE 30 TECHNOLOGIES IN MOBILE BACKHAUL
                               TABLE 31 CAPACITY OF VARIOUS MOBILE BACKHAUL TECHNOLOGIES
                               TABLE 32 ADVANTAGES OF FSO FOR MOBILE CARRIER BACKHAUL
                               TABLE 33 FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 34 FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.3 ENTERPRISE CONNECTIVITY
                    6.2.3.1 FSO offers high resistance to signal interception
                               TABLE 35 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 36 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.4 DISASTER RECOVERY
                    6.2.4.1 Use of FSO technology to establish quick communication in disaster areas
                               TABLE 37 FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 38 FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.5 DEFENSE
                    6.2.5.1 Preference for FSO links to ensure secure and reliable communication
                               TABLE 39 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 40 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.6 SATELLITE
                    6.2.6.1 High-speed data transfer makes FSO ideal for satellite applications
                               TABLE 41 FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 42 FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.7 HEALTHCARE
                    6.2.7.1 Use of FSO technology to facilitate high-volume data transmission
                               FIGURE 49 FSO MARKET FOR HEALTHCARE APPLICATION IN EUROPE TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                               TABLE 43 FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 44 FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.8 SECURITY
                    6.2.8.1 Adoption of FSO technology to evade threat of data interception
                               TABLE 45 FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 46 FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.9 ENGINEERING & DESIGN
                    6.2.9.1 Growing use of FSO systems for end-to-end system simulations
                               TABLE 47 FSO MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 48 FSO MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2023–2028 (USD MILLION)
           6.2.10 OTHERS
                    TABLE 49 FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 50 FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
    6.3 FSO MARKET, BY VERTICAL 
           6.3.1 INTRODUCTION
                    FIGURE 50 FSO MARKET, BY VERTICAL
                    FIGURE 51 MEDICAL VERTICAL TO EXHIBIT HIGHEST CAGR IN FSO MARKET DURING FORECAST PERIOD
                    TABLE 51 FSO MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 52 FSO MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           6.3.2 IT & TELECOMMUNICATIONS
                    6.3.2.1 Increasing demand for deployment of 5G networks
           6.3.3 AEROSPACE & DEFENSE
                    6.3.3.1 Growing use of FSO communication technology due to high security and ease of deployment
           6.3.4 CONSUMER ELECTRONICS
                    6.3.4.1 Increasing global demand for high-speed internet connectivity
           6.3.5 MEDICAL
                    6.3.5.1 Increasing preference for FSO for transmission of biomedical sensor signals
           6.3.6 AUTOMOTIVE
                    6.3.6.1 Growing use of FSO for vehicular communication
           6.3.7 OTHERS
    6.4 FSO MARKET, BY REGION 
           6.4.1 INTRODUCTION
                    FIGURE 52 FSO MARKET IN ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
                    FIGURE 53 FSO MARKET, BY REGION
                    TABLE 53 FSO MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 54 FSO MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.4.2 AMERICAS
                    FIGURE 54 AMERICAS: FSO MARKET SNAPSHOT
                    TABLE 55 FSO MARKET IN AMERICAS, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 56 FSO MARKET IN AMERICAS, BY APPLICATION, 2023–2028 (USD MILLION)
           6.4.3 EUROPE
                    FIGURE 55 EUROPE: FSO MARKET SNAPSHOT
                    TABLE 57 FSO MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 58 FSO MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)
           6.4.4 ASIA PACIFIC
                    FIGURE 56 ASIA PACIFIC: FSO MARKET SNAPSHOT
                    TABLE 59 FSO MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 60 FSO MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)
           6.4.5 REST OF THE WORLD
                    FIGURE 57 ROW: FSO MARKET SNAPSHOT
                    TABLE 61 FSO MARKET IN ROW, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 62 FSO MARKET IN ROW, BY APPLICATION, 2023–2028 (USD MILLION)
 
7 VISIBLE LIGHT COMMUNICATION (VLC)/LIGHT FIDELITY (LI-FI) MARKET (Page No. - 127)
    7.1 LI-FI MARKET, BY COMPONENT 
           7.1.1 INTRODUCTION
                    FIGURE 58 LI-FI MARKET, BY COMPONENT
                    FIGURE 59 SOFTWARE SEGMENT TO HOLD LARGEST SIZE OF LI-FI MARKET DURING FORECAST PERIOD
                    TABLE 63 LI-FI MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 64 LI-FI MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
           7.1.2 LIGHT-EMITTING DIODES (LEDS)
                    7.1.2.1 Important components of VLC systems
                               TABLE 65 COMPARISON OF LED, INCANDESCENT, AND FLUORESCENT LAMPS
                    7.1.2.2 Phosphorus LEDs
                               TABLE 66 CHARACTERISTICS OF PHOSPHORUS LEDS
                    7.1.2.3 Red, Green, and Blue (RGB) LEDs
                               TABLE 67 CHARACTERISTICS OF RGB LED
                    7.1.2.4 Resonant Cavity LEDs (RCLEDs)
                               TABLE 68 CHARACTERISTICS OF RCLED
                    7.1.2.5 Organic LEDs (OLEDs)
                               TABLE 69 CHARACTERISTICS OF OLEDS
                    7.1.2.6 Microlens LEDs
                    7.1.2.7 Near-infrared or ultraviolet LEDs
                               TABLE 70 LI-FI MARKET FOR LEDS, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 71 LI-FI MARKET FOR LEDS, BY APPLICATION, 2023–2028 (USD MILLION)
           7.1.3 PHOTODETECTORS
                    7.1.3.1 Used as receivers in VLC systems
                    7.1.3.2 Photodiode
                    7.1.3.3 Image sensor
                               TABLE 72 COMPARISON OF CCD AND CMOS SENSORS
                               TABLE 73 LI-FI MARKET FOR PHOTODETECTORS, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 74 LI-FI MARKET FOR PHOTODETECTORS, BY APPLICATION, 2023–2028 (USD MILLION)
           7.1.4 MICROCONTROLLERS
                    7.1.4.1 Used in VLC technology to simplify data processing
                    7.1.4.2 Modulator & demodulator
                               7.1.4.2.1 Modulation
                                             7.1.4.2.1.1 Pulse Width Modulation (PWM)
                                             7.1.4.2.1.2 Pulse Position Modulation (PPM)
                                             7.1.4.2.1.3 Variable Pulse Position Modulation (VPPM)
                                             7.1.4.2.1.4 Pulse Amplitude Modulation (PAM)
                                             7.1.4.2.1.5 Color Shift Keying (CSK)
                                             7.1.4.2.1.6 Frequency Shift Keying (FSK)
                                             7.1.4.2.1.7 Orthogonal Frequency Division Multiplex (OFDM)
                                             7.1.4.2.1.8 Spatial Modulation (SM)
                               7.1.4.2.2 Demodulation
                                             7.1.4.2.2.1 Diode detector
                                             7.1.4.2.2.2 Synchronous detector
                                                            TABLE 75 LI-FI MARKET FOR MICROCONTROLLERS, BY APPLICATION, 2019–2022 (USD MILLION)
                                                            TABLE 76 LI-FI MARKET FOR MICROCONTROLLERS, BY APPLICATION, 2023–2028 (USD MILLION)
           7.1.5 SOFTWARE
                    7.1.5.1 Important component of VLC systems
                               TABLE 77 LI-FI MARKET FOR SOFTWARE, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 78 LI-FI MARKET FOR SOFTWARE, BY APPLICATION, 2023–2028 (USD MILLION)
    7.2 LI-FI MARKET, BY TRANSMISSION TYPE 
           7.2.1 INTRODUCTION
                    FIGURE 60 LI-FI MARKET, BY TRANSMISSION TYPE
                    FIGURE 61 BIDIRECTIONAL TRANSMISSION SEGMENT TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
                    TABLE 79 LI-FI MARKET, BY TRANSMISSION TYPE, 2019–2022 (USD MILLION)
                    TABLE 80 LI-FI MARKET, BY TRANSMISSION TYPE, 2023–2028 (USD MILLION)
           7.2.2 UNIDIRECTIONAL TRANSMISSION
           7.2.3 BIDIRECTIONAL TRANSMISSION
    7.3 LI-FI MARKET, BY APPLICATION 
           7.3.1 INTRODUCTION
                    FIGURE 62 LI-FI MARKET, BY APPLICATION
                    FIGURE 63 DEFENSE & SECURITY SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                    TABLE 81 LI-FI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 82 LI-FI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           7.3.2 SMART STORES
                    7.3.2.1 Growing use of Li-fi solutions to improve customer experience
                               TABLE 83 LI-FI MARKET FOR SMART STORES, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 84 LI-FI MARKET FOR SMART STORES, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 85 LI-FI MARKET FOR SMART STORES, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 86 LI-FI MARKET FOR SMART STORES, BY REGION, 2023–2028 (USD MILLION)
           7.3.3 STREETLIGHTS
                    7.3.3.1 Government projects to drive market growth
                               TABLE 87 VLC/LI-FI MARKET FOR STREETLIGHTS, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 88 VLC/LI-FI MARKET FOR STREETLIGHTS, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 89 VLC/LI-FI MARKET FOR STREETLIGHTS, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 90 VLC/LI-FI MARKET FOR STREETLIGHTS, BY REGION, 2023–2028 (USD MILLION)
           7.3.4 CONSUMER ELECTRONICS
                    7.3.4.1 Increasing demand for interconnected electronic gadgets to drive market growth
                               TABLE 91 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 92 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 93 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 94 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)
                               FIGURE 64 VLC/LI-FI MARKET FOR RESIDENTIAL SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
                               TABLE 95 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 96 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2023–2028 (USD MILLION)
                    7.3.4.2 Residential
                    7.3.4.3 Commercial
           7.3.5 DEFENSE & SECURITY
                    7.3.5.1 Need for secure and reliable communication to drive demand for VLC links
                               TABLE 97 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 98 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 99 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 100 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY REGION, 2023–2028 (USD MILLION)
           7.3.6 VEHICLES & TRANSPORTATION
                    7.3.6.1 Growing adoption of VLC in intelligent transportation systems
                               TABLE 101 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 102 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 103 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 104 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY REGION, 2023–2028 (USD MILLION)
                               FIGURE 65 VEHICLE-TO-VEHICLE COMMUNICATION SEGMENT TO LEAD DURING FORECAST PERIOD
                               TABLE 105 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 106 VLC/LI-FI MARKET FOR VEHICLE S& TRANSPORTATION, BY APPLICATION, 2023–2028 (USD MILLION)
                    7.3.6.2 Vehicle-to-vehicle communication
                    7.3.6.3 Location-based service
                               TABLE 107 COMPARISON OF POSITION DETECTION WITH OTHER TECHNOLOGIES
                    7.3.6.4 Intelligent transportation system
                               7.3.6.4.1 Advanced traffic management system
                               7.3.6.4.2 Vehicle-to-infrastructure communication
                               7.3.6.4.3 Advanced public transportation system
           7.3.7 AVIATION
                    7.3.7.1 Rising preference for VLC to provide radiation-free communication in aircraft
                               TABLE 108 VLC/LI-FI MARKET FOR AVIATION, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 109 VLC/LI-FI MARKET FOR AVIATION, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 110 VLC/LI-FI MARKET FOR AVIATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 111 VLC/LI-FI MARKET FOR AVIATION, BY REGION, 2023–2028 (USD MILLION)
           7.3.8 HOSPITALS
                    7.3.8.1 Increasing use of e-healthcare solutions to encourage demand for VLC technology
                               TABLE 112 VLC/LI-FI MARKET FOR HOSPITALS, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 113 VLC/LI-FI MARKET FOR HOSPITALS, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 114 VLC/LI-FI MARKET FOR HOSPITALS, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 115 VLC/LI-FI MARKET FOR HOSPITALS, BY REGION, 2023–2028 (USD MILLION)
                               FIGURE 66 ASSET TRACKING SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
                               TABLE 116 VLC/LI-FI MARKET FOR HOSPITALS, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 117 VLC/LI-FI MARKET FOR HOSPITALS, BY APPLICATION, 2023–2028 (USD MILLION)
                    7.3.8.2 Asset tracking
                    7.3.8.3 Patient tracking
                    7.3.8.4 Data monitoring
           7.3.9 UNDERWATER COMMUNICATION
                    7.3.9.1 Demand for VLC to overcome limitations of other communication systems
                               TABLE 118 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 119 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 120 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 121 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2023–2028 (USD MILLION)
           7.3.10 HAZARDOUS ENVIRONMENTS
                    7.3.10.1 Increasing demand for safer communication modes
                               TABLE 122 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 123 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENT, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 124 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 125 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY REGION, 2023–2028 (USD MILLION)
           7.3.11 OTHERS
                    TABLE 126 VLC/LI-FI MARKET FOR OTHERS, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 127 VLC/LI-FI MARKET FOR OTHERS, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 128 VLC/LI-FI MARKET FOR OTHERS, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 129 VLC/LI-FI MARKET FOR OTHERS, BY REGION, 2023–2028 (USD MILLION)
                    FIGURE 67 DIGITAL SIGNAGE SEGMENT TO GROW AT HIGHEST RATE BETWEEN 2023 AND 2028
                    TABLE 130 VLC/LI-FI MARKET FOR OTHERS, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 131 VLC/LI-FI MARKET FOR OTHERS, BY APPLICATION, 2023–2028 (USD MILLION)
                    7.3.11.1 Museums
                    7.3.11.2 Digital Signage
                    7.3.11.3 Hotels & Casinos
                    7.3.11.4 Logistics
    7.4 VLC/LI-FI MARKET, BY REGION 
           7.4.1 INTRODUCTION
                    FIGURE 68 VLC/ LI-FI MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
                    FIGURE 69 VLC/ LI-FI MARKET, BY REGION
                    TABLE 132 VLC / LI-FI MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 133 VLC / LI-FI MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.4.2 AMERICAS
                    FIGURE 70 AMERICAS: VLC/LI-FI MARKET SNAPSHOT
                    TABLE 134 VLC /LI-FI MARKET IN AMERICAS, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 135 VLC / LI-FI MARKET IN AMERICAS, BY APPLICATION, 2023–2028 (USD MILLION)
           7.4.3 EUROPE
                    FIGURE 71 EUROPE: VLC/LI-FI MARKET SNAPSHOT
                    TABLE 136 VLC/LI-FI MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 137 VLC/LI-FI MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)
           7.4.4 ASIA PACIFIC
                    FIGURE 72 ASIA PACIFIC: VLC/LI-FI MARKET SNAPSHOT
                    TABLE 138 VLC / LI-FI MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 139 VLC / LI-FI MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)
           7.4.5 ROW
                    FIGURE 73 ROW: VLC/LI-FI MARKET SNAPSHOT
                    TABLE 140 VLC / LI-FI MARKET IN ROW, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 141 VLC / LI-FI MARKET IN ROW, BY APPLICATION, 2023–2028 (USD MILLION)
 
8 COMPETITIVE LANDSCAPE (Page No. - 183)
    8.1 INTRODUCTION 
    8.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN 
           TABLE 142 OVERVIEW OF STRATEGIES DEPLOYED BY KEY VLC/LI-FI OEMS
           8.2.1 PRODUCT PORTFOLIO
           8.2.2 REGIONAL FOCUS
           8.2.3 MANUFACTURING FOOTPRINT
           8.2.4 ORGANIC/INORGANIC STRATEGIES
           8.2.5 MARKET EVALUATION FRAMEWORK FOR FSO
                    TABLE 143 OVERVIEW OF STRATEGIES DEPLOYED BY KEY FSO OEMS
           8.2.6 PRODUCT PORTFOLIO
           8.2.7 REGIONAL FOCUS
           8.2.8 MANUFACTURING FOOTPRINT
           8.2.9 ORGANIC/INORGANIC STRATEGIES
           8.2.10 FSO AND VLC/LI-FI MARKET: REVENUE ANALYSIS
                     FIGURE 74 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2017-2021
    8.3 MARKET SHARE ANALYSIS OF KEY PLAYERS IN FSO AND VLC/LI-FI MARKET 
           TABLE 144 VLC/LI-FI MARKET: DEGREE OF COMPETITION
           TABLE 145 FSO MARKET: DEGREE OF COMPETITION
    8.4 COMPANY EVALUATION QUADRANT, 2021 
           8.4.1 STARS
           8.4.2 PERVASIVE PLAYERS
           8.4.3 PARTICIPANTS
           8.4.4 EMERGING LEADERS
                    FIGURE 75 FSO AND VLC/LI-FI MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021
    8.5 COMPETITIVE BENCHMARKING 
           TABLE 146 COMPANY APPLICATION FOOTPRINT (18 COMPANIES)
           TABLE 147 COMPANY REGIONAL FOOTPRINT (18 COMPANIES)
           TABLE 148 COMPANY FOOTPRINT
    8.6 STARTUP/SME EVALUATION QUADRANT, 2021 
           TABLE 149 OVERVIEW OF STARTUP/SME COMPANY
           8.6.1 PROGRESSIVE COMPANIES
           8.6.2 RESPONSIVE COMPANIES
           8.6.3 DYNAMIC COMPANIES
           8.6.4 STARTING BLOCKS
                    FIGURE 76 FSO AND VLC / LI-FI MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
                    TABLE 150 FSO AND VLC / LI-FI MARKET: LIST OF KEY STARTUPS/SMES
                    TABLE 151 FSO AND VLC / LI-FI MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
    8.7 COMPETITIVE SITUATIONS & TRENDS 
           8.7.1 PRODUCT LAUNCHES
                    TABLE 152 PRODUCT LAUNCHES (2019–2022)
           8.7.2 ACQUISITIONS AND PARTNERSHIPS
                    TABLE 153 ACQUISITIONS AND PARTNERSHIPS (2019–2022)
           8.7.3 COLLABORATIONS, CONTRACTS, AND JOINT VENTURES
                    TABLE 154 COLLABORATIONS, CONTRACTS, AND JOINT VENTURES (2019–2022)
 
9 COMPANY PROFILES (Page No. - 199)
    9.1 KEY PLAYERS 
    (Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*  
           9.1.1 SIGNIFY HOLDING
                    TABLE 155 SIGNIFY HOLDING: BUSINESS OVERVIEW
                    FIGURE 77 SIGNIFY HOLDING: COMPANY SNAPSHOT
                    TABLE 156 SIGNIFY HOLDING: PRODUCT LAUNCHES
                    TABLE 157 SIGNIFY HOLDING: DEALS
           9.1.2 LUCIBEL SA
                    TABLE 158 LUCIBEL SA: BUSINESS OVERVIEW
                    FIGURE 78 LUCIBEL SA: COMPANY SNAPSHOT
                    TABLE 159 LUCIBEL SA: PRODUCT LAUNCHES
                    TABLE 160 LUCIBEL SA: DEALS
           9.1.3 FSONA NETWORKS CORP.
                    TABLE 161 FSONA NETWORKS CORP.: BUSINESS OVERVIEW
           9.1.4 WIRELESS EXCELLENCE LIMITED
                    TABLE 162 WIRELESS EXCELLENCE LIMITED: BUSINESS OVERVIEW
                    TABLE 163 WIRELESS EXCELLENCE LIMITED: PRODUCT LAUNCHES
           9.1.5 OLEDCOMM SAS
                    TABLE 164 OLEDCOMM SAS: BUSINESS OVERVIEW
                    TABLE 165 OLEDCOMM SAS: PRODUCT LAUNCHES
                    TABLE 166 OLEDCOMM SAS: DEALS
           9.1.6 PURELIFI
                    TABLE 167 PURELIFI: BUSINESS OVERVIEW
                    TABLE 168 PURELIFI: PRODUCT LAUNCHES
                    TABLE 169 PURELIFI: DEALS
           9.1.7 ACUITY BRANDS, INC.
                    TABLE 170 ACUITY BRANDS, INC.: BUSINESS OVERVIEW
                    FIGURE 79 ACUITY BRANDS, INC.: COMPANY SNAPSHOT
                    TABLE 171 ACUITY BRANDS, INC.: PRODUCT LAUNCHES
                    TABLE 172 ACUITY BRANDS, INC.: DEALS
                    TABLE 173 ACUITY BRANDS, INC.: OTHERS
           9.1.8 PANASONIC CORPORATION
                    TABLE 174 PANASONIC CORPORATION: BUSINESS OVERVIEW
                    FIGURE 80 PANASONIC CORPORATION: COMPANY SNAPSHOT
                    TABLE 175 PANASONIC CORPORATION: DEALS
           9.1.9 FRAUNHOFER HHI
                    TABLE 176 FRAUNHOFER HHI: BUSINESS OVERVIEW
                    TABLE 177 FRAUNHOFER HHI: PRODUCT LAUNCHES
           9.1.10 TRIMBLE HUNGARY KFT.
                    TABLE 178 TRIMBLE HUNGARY KFT.: BUSINESS OVERVIEW
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.  
    9.2 OTHER PLAYERS 
           9.2.1 JSC MOSTCOM
           9.2.2 LVX SYSTEM
           9.2.3 LIGHTBEE
           9.2.4 VELMENNI
           9.2.5 VLNCOMM
           9.2.6 IRNAS D.O.O.
           9.2.7 NEXTLIFI
           9.2.8 INFINITY TECHNOLOGY SERVICES
           9.2.9 AIRLINX COMMUNICATIONS, INC.
           9.2.10 EC SYSTEM
           9.2.11 CACI INTERNATIONAL INC
           9.2.12 REDLINE INFRASTRUCTURE
           9.2.13 GLOBAL LIFI TECH
           9.2.14 LUMEFFICIENT
           9.2.15 AXIOM OPTICS
 
10 APPENDIX (Page No. - 247)
     10.1 DISCUSSION GUIDE 
     10.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     10.3 CUSTOMIZATION OPTIONS 
     10.4 RELATED REPORTS 
     10.5 AUTHOR DETAILS 
 
 

 

The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the FSO & VLC / Li-Fi market. This process involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting valuable information for the comprehensive, technical, market-oriented, and commercial study of the FSO & VLC / Li-Fi market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects. Key players in the FSO & VLC / Li-Fi market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. Secondary sources included corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers, FSO & VLC / Li-Fi products-related journals, and certified publications; articles by recognized authors; directories; and databases.

Secondary research was conducted to obtain key information about the industry supply chain, market value chain, key players, market classification and segmentation as per industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. Data from secondary research was collected and analyzed to determine the overall market size, which was further validated by primary research.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology & innovation directors, and key executives from major companies in the FSO & VLC / Li-Fi market.

After going through market engineering (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers obtained. Primary research was conducted to identify segmentation types, industry trends, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, and challenges, along with the key strategies adopted by players operating in the market.

FSO & VLC/Li-Fi Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market size Estimation

In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the FSO & VLC/Li-Fi market.

The key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players, as well as interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.

FSO & VLC / Li-Fi Market: Bottom-up Approach

FSO & VLC/Li-Fi Market Size, and Bottom-up approach

Data Triangulation

After arriving at the overall size of the Free Space Optics (FSO) and Visible Light Communication (VLC) market from the market size estimation process explained above, the total market was split into several segments and subsegments. Where applicable, the market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the Free Space Optics (FSO) and Visible Light Communication (VLC), in terms of value, based on component, product, application, and vertical
  • To describe and forecast the FSO & VLC / Li-Fi market size, in terms of value, with respect to four regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To provide detailed information about the drivers, restraints, opportunities, and challenges influencing the growth of the Free Space Optics (FSO) and Visible Light Communication (VLC) market.
  • To provide a detailed overview of the supply chain of the Free Space Optics (FSO) and Visible Light Communication (VLC) ecosystem
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of business strategy excellence and strength of product portfolios
  • To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with a detailed competitive landscape of the market
  • To analyze competitive developments in the Free Space Optics (FSO) and Visible Light Communication (VLC) market, such as acquisitions, product launches, partnerships, expansions, and collaborations

Available customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.

Product analysis

  • Detailed analysis and profiling of additional market players

The following customization options are available for the report:

  • Market sizing and forecast for additional countries
  • Additional five companies profiling 

Future of The Free Space Optics (FSO) and Visible Light Communication (VLC) , RF Communication Market

Free Space Optics (FSO) and Visible Light Communication (VLC) are promising technologies that are expected to grow in popularity in the future. FSO uses lasers or LEDs to transmit data through the air, providing high-speed data transfer without physical cables or wires, making it an ideal solution for high-bandwidth applications such as telecommunications, military communications, and data centers. VLC uses visible light to transmit data, making it ideal for indoor communications and other applications where traditional RF communication may be limited. Both technologies are expected to be used in a wide range of applications in the future, including smart cities, industrial automation, and autonomous vehicles. However, RF communication will still play an important role in many applications, and it is unlikely that these technologies will completely replace RF communication in the near future.

Growth Opportunities for RF Communication market :

Despite the potential of FSO and VLC, the RF communication market is still expected to experience growth and opportunities in the future.

RF communication remains the dominant technology in many applications and industries due to its reliability, range, and compatibility with existing infrastructure.

The increasing number of connected devices requires reliable and efficient communication, and RF communication is well-suited for this task, making the Internet of Things (IoT) an area of growth for RF communication.

With the development of autonomous vehicles, there is a need for reliable and high-speed communication between vehicles and infrastructure, and RF communication is expected to play a critical role in enabling this communication, particularly in areas such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication.

The growth of 5G networks is expected to drive demand for RF communication technology, particularly in the areas of small cells and backhaul.

As new applications and use cases emerge, the demand for RF communication is expected to continue to rise, particularly in areas such as IoT, automotive, and 5G networks.

Some futuristic growth use-cases of RF Communication market?

The RF communication market is expected to experience significant growth in the future due to the emergence of new use cases and applications. Some of the futuristic growth use-cases of RF communication market include:

Smart cities : As cities become more connected and integrated, the demand for reliable and efficient communication is expected to grow. RF communication technology is well-suited for this task and is expected to play a critical role in enabling the development of smart cities.

Wearables : The wearable technology market is expected to experience significant growth in the future, and RF communication is likely to be a key component of these devices. RF communication can enable communication between wearables and other devices, as well as enable real-time monitoring and data collection.

Augmented and virtual reality : As the use of augmented and virtual reality technology grows, the demand for high-speed, reliable communication is expected to rise. RF communication can enable real-time communication between devices and support the transfer of large amounts of data.

Industry 4.0 : The fourth industrial revolution, or Industry 4.0, is expected to transform the manufacturing industry. RF communication is expected to play a critical role in enabling the communication and coordination of machines and other devices in smart factories.

Space exploration : The growth of the commercial space industry is expected to drive demand for RF communication technology. RF communication is essential for communication with spacecraft and other space-based assets.

Niche Threats

Security concerns : RF communication is vulnerable to interception and hacking, which could compromise the security of data being transmitted. As the use of RF communication grows, there is a risk that security threats could also increase.

Spectrum availability : The availability of radio spectrum is limited, and as the use of RF communication grows, there is a risk of spectrum becoming congested. This could impact the performance of RF communication systems and limit their ability to transmit data.

Interference : RF communication is vulnerable to interference from other radio signals, which could impact its performance. As the number of wireless devices grows, there is a risk that interference could increase, which could impact the reliability of RF communication.

Competition from other technologies: While RF communication is well-suited for many applications, it is not the only technology available. Other technologies, such as FSO and VLC, are also emerging and could potentially compete with RF communication in some applications.

The market scope of RF communication also includes various applications such as:

Telecommunications: RF communication is a key component of modern telecommunications infrastructure, including cellular networks, Wi-Fi, and other wireless communication systems.

Broadcasting: RF communication is also used for broadcasting applications, including television and radio broadcasting.

Military and defense: RF communication is essential for military and defense applications, including communication between soldiers and commanders, as well as communication with unmanned aerial vehicles (UAVs) and other military assets.

Transportation: RF communication is used for a wide range of transportation applications, including communication between aircraft, ships, and ground-based vehicles, as well as communication with air traffic control and other transportation infrastructure.

Industrial automation: RF communication is used for industrial automation applications, including communication between machines and other equipment in factories and other industrial settings.

Top Companies in RF communication market

The RF communication market is highly competitive, with many companies operating in this space. Some of the top players in the market include Qualcomm, Broadcom, Intel, Nokia, Ericsson, Texas Instruments, Analog Devices, and Murata Manufacturing. These companies are major producers of RF communication technology for various applications, ranging from smartphones and tablets to telecommunications networks and industrial automation. As the demand for wireless communication technology continues to grow, these companies are expected to play a major role in the development and growth of the RF communication market in the future.

 

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