FSO and VLC / Li-Fi Market is predicted to reach USD 69.16 billion at a CAGR of 41.20% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global FSO and VLC / Li-Fi Market”.

The FSO and VLC / Li-Fi Market is estimated to register a CAGR of 41.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global FSO and VLC / Li-Fi Market— LightPointe Communications, Inc., fSONA Systems Corp., Plaintree Systems Inc., Panasonic Corporation, General Electric, Oledcomm, Koninklijke Philips N.V., Wireless Excellence Limited, and Signify Holding., Lucibel

Market Highlights

The global FSO and VLC / Li-Fi Market is accounted to register a CAGR of 41.20% during the forecast period and is estimated to reach USD 69.16 billion by 2032.

The growth of the FSO and VLC / Li-Fi Market is propelled by key factors such as the offering an alternative solution to alleviate the strain on RF technology for outdoor networking, providing efficient last-mile connectivity, enabling faster and more secure data transfer compared to other challenging technologies, and delivering energy-efficient solutions through the use of LEDs.

Access full report @ https://www.marketresearchfuture.com/reports/fso-vlc-li-fi-market-12342

Segment Analysis

The global FSO and VLC / Li-Fi Market has been segmented based on Component, and Application

On the basis of Components, the market is segmented into LED, IR emitters, Opto-couplers, and image sensors. LED is expected to be the largest segment during the forecast period. Both Free-Space Optical (FSO) and Visible Light Communication (VLC)/Li-Fi technologies have a significant reliance on Light light-emitting diodes (LEDs). LEDs serve as the primary light source in FSO transmitter units, emitting optical signals for data transmission. They provide the necessary intensity and modulation capabilities to facilitate high-speed communication over open spaces. As FSO technology advances, there is an expected increase in demand for high-performance LEDs characterized by enhanced power output, efficiency, and reliability to support this technology's growth.

Based on Application, the FSO and VLC / Li-Fi Market has been segmented into ITS, indoor networking, in-flight entertainment and communication, Health care and underwater communication, and location-based services. Health care and underwater communication are expected to be the largest segment during the forecast period. Free-Space Optical (FSO) technologies find extensive applications in the healthcare industry, especially in situations where the use of radio waves for wireless communication is restricted due to potential health concerns.

Regional Analysis

The global FSO and VLC / Li-Fi Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe FSO and VLC / Li-Fi Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The FSO and VLC / Li-Fi Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World FSO and VLC / Li-Fi Market comprises of Middle East, Africa, and Latin America.

The largest market share for FSO and VLC / Li-Fi Market was maintained by the North American regional sector. North America leads the Free Space Optics (FSO) and Visible Light Communication (VLC) market, primarily due to its robust telecom infrastructure.

As per the 2021 annual report from American Tower Corporation, they possessed 451 Distributed Antenna System (DAS) sites and 27,276 owned towers in the United States. Additionally, they operated 15,363 towers in the country. American Tower Corporation, a prominent player in the telecom industry, is responsible for the management and operation of wireless and broadcast infrastructure in the United States

Moreover, the Europe market has been persistently growing over the forecast period. Europe boasts a robust and well-developed telecom infrastructure, making it conducive for the deployment of FSO and VLC technologies. This existing foundation provides a solid platform for the integration of these optical communication solutions. In 2023, the European Investment Bank (EIB) entered into a €315 million financing agreement with Cellnex, a leading European telecom infrastructure provider.

The growth of the Free Space Optics (FSO) market in the Asia-Pacific (APAC) region is being propelled by the expansion of manufacturing facilities, the development of advanced infrastructure, and the growing demand from the computer-aided design (CAD) sector. Furthermore, the APAC region is expected to experience the most rapid growth in the Visible Light Communication (VLC) market throughout the forecast period, driven by recent technological advancements and increased investment in research and development (R&D) activities related to VLC. Additionally, sectors such as automotive, aerospace & defense, and consumer electronics are poised to provide significant opportunities for suppliers of VLC or Li-Fi solutions.

Furthermore, the rest of the world's FSO and VLC / Li-Fi Market is divided into the Middle East, Africa, and Latin America. The region's FSO market is expanding owing to the rise and expansion of various manufacturing outlets especially in developing countries.

Key Findings of the Study

• The global FSO and VLC / Li-Fi Market is expected to reach USD 69.16 billion by 2032, at a CAGR of 41.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the region's booming manufacturing sector, particularly in China and Southeast Asian countries, is increasing the demand for high-speed, reliable communication solutions.


• Based on components, the LED segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


• LightPointe Communications, Inc., fSONA Systems Corp., Plaintree Systems Inc., Panasonic Corporation, General Electric, Oledcomm, Koninklijke Philips N.V., Wireless Excellence Limited, and Signify Holding., Lucibel