Free Space Optics (FSO) and Visible Light Communication (VLC), also known as Li-Fi, are emerging as transformative technologies. Both FSO and Li-Fi promise to revolutionize data transmission, offering solutions to the increasing demand for high-speed, secure, and reliable communication networks.




The FSO & VLC / Li-Fi market is projected to grow from USD 3.3 billion in 2023 to USD 18.2 billion by 2028, registering a CAGR of 40.3%




Several factors are driving the growth of the FSO and VLC/Li-Fi market:




Spectrum Congestion: The increasing use of wireless devices has led to RF spectrum congestion. FSO and Li-Fi offer alternative communication channels, alleviating this congestion and providing higher bandwidth for data transmission.




High Data Rates: Both FSO and Li-Fi technologies support high-speed data transfer, meeting the demands of bandwidth-intensive applications such as video streaming, cloud computing, and real-time data analytics.

Security: FSO and Li-Fi provide enhanced security compared to RF communication. FSO's narrow beam and Li-Fi's confined coverage area reduce the risk of data interception, making them ideal for secure communications in military, financial, and healthcare sectors.




Infrastructure Integration: Li-Fi can be integrated with existing LED lighting infrastructure, reducing deployment costs and enabling ubiquitous connectivity in smart homes, offices, and public spaces.




Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=946




Technological Advancements




Recent advancements in FSO and VLC/Li-Fi technologies are propelling market growth:

Hybrid FSO/RF Systems: Combining FSO and RF technologies improves reliability and performance, particularly in adverse weather conditions where FSO alone might struggle.

Advanced Modulation Techniques: Innovations in modulation techniques enhance data transmission rates and reliability for both FSO and Li-Fi systems.

Miniaturization and Integration: Developing smaller, more efficient components enables easier integration of Li-Fi technology into various devices, from smartphones to IoT sensors.




Standardization Efforts: Ongoing standardization efforts by organizations such as the IEEE are crucial for the widespread adoption and interoperability of VLC/Li-Fi technologies.

Key players




Key players in the FSO & VLC/Li-Fi market include fSONA Networks Corp. (Canada), Wireless Excellence Limited (UK), Signify Holding (formerly Philips Lighting) (Netherlands), Oledcomm (France), Lucibel (France), PureLiFi Limited (UK), Acuity Brands (US), Panasonic Corporation (Japan), Fraunhofer HHI (Germany), and Trimble Hungary ltd. (Hungary), among others.




Don’t miss out on business opportunities in FSO & VLC/Li-Fi Market. Speak to our analyst and gain crucial industry insights that will help your business grow.




About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.




Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.




To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441