FSO & VLC / Li-Fi Market Insights, Share, Statistics and Industry Trends to 2028

1
MarketsandMarkets Presents
FSO VLC/Li-Fi Market 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 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 during the forecast period.
2
MarketsandMarkets Presents
Mobile Backhaul FSO application to account for
significant share of FSO VLC/Li-Fi market in
2023 The mobile backhaul application is
projected to account for an extensive share of
the FSO VLC/Li-Fi market in 2023. The mobile
backhaul application is expected to continue to
account for the largest size of the FSO market
during the forecast period. The increasing number
of mobile devices and high-speed services
accelerate the growth of traffic in mobile
backhaul networks. For upgraded cellular
backhaul, the implementation of FSO technology
proves to be a cost-efficient and high-bandwidth
solution. Hence, the mobile backhaul application
is likely to generate high demand for FSO systems
during the forecast period.
3
MarketsandMarkets Presents
Software VLC component to lead FSO VLC/Li-Fi
market during forecast period The software
component is expected to hold higher
opportunities than other components between 2023
and 2028. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id946 The market for software holds the
largest share in the VLC/Li-Fi market and is
projected to record the highest growth rate
during the forecast period. Due to the
commercialization of bidirectional VLC in late
2022, the demand for software solutions is
projected to rise and support the uplink and
downlink for two-way communications in various
applications
4
MarketsandMarkets Presents
Asia Pacific market to offer significant
opportunities during forecast period Asia
Pacific is the leading FSO VLC/Li-Fi market,
with significant demand from China, India, and
Japan. The region held the largest share of the
FSO VLC/Li-Fi industry in 2022. The market in
the Asia Pacific region is expected to grow at
the highest CAGR during the forecast period. Asia
Pacific has the worlds largest customer base,
and digital technologies adopted in this region
have tremendous potential for transformation. The
rise in the number of manufacturing facilities,
the rapid development of telecommunication
infrastructure, and the growing demand for CAD
are favoring the growth of the FSO market in the
region.
5
MarketsandMarkets Presents
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.
6
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