FSO & VLC / Li-Fi Companies

The FSO & VLC/Li-Fi market was valued at USD 2.78 billion in 2024 and is projected to reach USD 7.39 billion by 2029, growing at a CAGR of 21.6% from 2024 to 2029.

The primary factor driving the growth of the FSO market is the effective alternative to RF technology for outdoor networking. The rapidly increasing demand from consumers has put significant burden on the RF spectrum by making the allocation of bandwidth for communication purposes a serious issue. Free Space Optics (FSO) is an effective alternative to RF for outdoor communication. It offers the same features as the RF and can reduce burden on existing RF technology.

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

Major Free Space Optics (FSO) and Visible Light Communication (VLC)/ Li-Fi companies include:

• Signify Holding (Netherlands)
• Lucibel SA (France)
• fSONA Networks Corp. (Canada)
• Wireless Excellence Limited (UK)
• Oledcomm (France)
• pureLiFi (UK)
• Acuity Brands, Inc. (US)

The major players in FSO & VLC/Li-Fi market are Signify Holding (Netherlands), Acuity Brands, Inc. (US), Oledcomm (France), fSONA Networks Corp. (Canada), pureLiFi (UK), Wireless Excellence Limited (UK), Panasonic Corporation (Japan), Fraunhofer HHI (Germany, Trimble Hungary Kft. (Hungary), JSC Mostcom (Russia), LVX System (US), among others. The major players in the FSO & VLC/Li-Fi market have predominantly used acquisition and partnership tactics to strengthen their market position.

Signify Holding

Signify Holding, a global leader in lighting products, was formed after separating from Koninklijke Philips NV, with shareholders approving this move on May 7, 2016. Philips Lighting NV began trading on Euronext Amsterdam under the ticker LIGHT on May 27, 2016, and was renamed Signify Holding in May 2018. The company specializes in innovative green and energy-efficient lighting products, systems, and services.

The company operates through three main segments: Digital Solutions, Digital Products, and Conventional Products. The company’s Li-Fi systems provide an advanced solution for businesses and organizations seeking superior internet connectivity. These systems enable two-way wireless communication, delivering consistent high-speed connectivity, unique physical security, and low latency for real-time data streaming. They are utilized in sectors such as healthcare, banking, and government.The company has a presence in 70 countries and over 85 manufacturing sites in all major regions worldwide. It offers lighting products, systems, and services in 180 countries. Some of its major subsidiaries are Philips Lighting (China), Investment (China), Philips Lighting (Germany), Philips Lighting (Netherlands), and Philips Lighting North America (US).

Acuity Brands, Inc.

Acuity Brands, Inc., along with its subsidiaries, is one of the leading providers of lighting and building management solutions for a variety of sectors, including industrial, infrastructure, commercial, institutional, and residential markets across North America and select international locations. The company’s offerings encompass a range of devices such as lighting controls, luminaires, prismatic skylights, controllers for diverse building systems, power backup stations, and drivers.

The company partnered with Qualcomm Inc. (US) to develop a VLC solution using its eldoLED driver platform and Qualcomm’s Lumicast technology. The solution will allow retailers to engage with customers on mobile devices based on their store locations. The former ByteLight operation has been remolded into Acuity Brands’ new offering, which has helped integrate VLC and Bluetooth into one system.

Since 2017, the company has offered the Atrius IoT platform, which delivers connectivity and intelligence to space via an expansive network of smart LED lighting and controls and a software platform that gathers, unlocks, and transforms raw data to enable a broad range of software solutions addressing critical business challenges. Acuity Brands, Inc. manufactures products in 16 facilities in North America and three facilities in Europe. Some of its major subsidiaries are Acuity Brands Lighting (US), Acuity Brands Netherlands (Netherlands), Acuity Brands Lighting (Canada), and Acuity Brands Lighting de Mexico (Mexico).

Related Reports:

Free Space Optics (FSO) and Visible Light Communication (VLC)/ Li-Fi Market by FSO Component (Transmitters, Receivers, Modulators & Demodulators), VLC Component (LEDs, Photodetectors, Microcontrollers, Software) - Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]