Press release
FSO and VLC/Li-Fi Market Opportunities, Strategies, Size, Share And Analysis 2024-2034
FSO and VLC/Li-Fi Market Opportunities
According to The Business Research Company's, The FSO and VLC/Li-Fi market size has grown exponentially in recent years. It will grow from $3.89 billion in 2023 to $5.37 billion in 2024 at a compound annual growth rate (CAGR) of 38.1%. The growth in the historic period can be attributed to increased urbanization, growth in concern over spectrum congestion, growth in energy-efficient technologies, increased investment in research and development, and increased use of wireless sensors.
The FSO and VLC/Li-Fi market size is expected to see exponential growth in the next few years. It will grow to $19.67 billion in 2028 at a compound annual growth rate (CAGR) of 38.3%. The growth in the forecast period can be attributed to the expansion of 5G networks, increasing adoption of smart city initiatives, expansion of indoor wireless communication, growing use of Li-Fi in automotive, and rising demand for wireless connectivity. Major trends in the forecast period include the adoption of IoT, the adoption of 5G, RF technology, and technological advancements.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/fso-and-vlc-or-li-fi-global-market-report
Market Drivers and Trends:
The increasing demand for high-speed wireless connectivity is expected to propel the growth of the FSO and VLC or Li-Fi market going forward. High-speed wireless connectivity refers to the transmission of data at rapid rates through wireless communication channels. The increasing demand for high-speed wireless connectivity can be attributed to several factors, including the growing number of connected devices, the prevalence of bandwidth-intensive applications, and the widespread adoption of remote work practices. High-speed wireless connectivity utilizes free space optics (FSO) for data transmission through beams of light in open air, while visible light communication (VLC) or Li-Fi utilizes light-emitting diodes (LEDs) to transmit data through modulated light, providing efficient and secure wireless communication. For instance, in April 2023, according to 5G Americas, a US-based industry trade organization, there were 1.05 billion 5G wireless connections worldwide by the end of 2022, up 76% from the end of 2021. By the end of 2027, that number is expected to have increased to 5.9 billion. Therefore, the increasing demand for high-speed wireless connectivity is driving the growth of the FSO and VLC or Li-Fi market.
Major companies operating in the FSO and VLC or Li-Fi market are focused on developing advanced technological solutions, such as light antenna modules, to enhance communication efficiency. Light antenna modules refer to compact devices designed to facilitate wireless communication using light waves, commonly utilized in technologies such as LiFi and VLC. For instance, in February 2023, pureLiFi Ltd., a UK-based technology company, launched Light Antenna ONE, a LiFi module made to be integrated into hardware. This wireless communications antenna, smaller than a US dime, is poised to pioneer LiFi integration into connected devices and smartphones on a large scale. It is tailored for optimal performance, compactness, affordability, and production needs, enabling smartphone and connected device manufacturers to seamlessly integrate LiFi on a large scale.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15383&type=smp
Major Key Players of the Market:
Panasonic Corporation, Koninklijke Philips N.V., Signify Holding B.V., Acuity Brands Inc., LightPointe Communications Inc., SLD Laser, Visilink Technologies Inc., fSONA Networks Corporation, pureLiFi Ltd., Plaintree Systems Inc., Lucibel, SkyFiber Inc., Velmenni Research Pvt. Ltd., Infinity Technology Services Inc., Airlinx Communications Inc., VLNComm Inc., Global LiFi Tech Inc., LVX System, Oledcomm, Trimble Inc.
FSO and VLC/Li-Fi Market 2024 Key Insights:
• The FSO and VLC/Li-Fi market size is expected to see exponential growth in the next few years. It will grow to $19.67 billion in 2028 at a compound annual growth rate (CAGR) of 38.3%.
• The Rise Of High-Speed Wireless Connectivity In The FSO And VLC/Li-Fi Market
• Advancements In Light Antenna Modules Enabling Seamless Integration Of LiFi In Connected Devices
• North America was the largest region in the FSO and VLC/Li-Fi market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15383&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release FSO and VLC/Li-Fi Market Opportunities, Strategies, Size, Share And Analysis 2024-2034 here
News-ID: 3697148 • Views: …
More Releases from The Business research company
Global Parabolic Flight Tourism Market Analysis 2025-2030: Growth Drivers, Chall …
The Parabolic Flight Tourism Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Parabolic Flight Tourism Market?
The sector for parabolic flight tourism has seen a significant expansion in size over the past years. The market is projected to increase…
Strong Growth Ahead: Pain Management Drugs Market Size To Grow At Arecord 6% Cag …
The Pain Management Drugs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Pain Management Drugs Market?
The market size for pain management drugs has seen substantial growth in the past years. The forecast is that it will advance from…
Emerging Trends Influencing The Growth Of The Overactive Bladder Treatment Marke …
The Overactive Bladder Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Overactive Bladder Treatment Market?
The market size for overactive bladder treatments has been consistently expanding over the past few years. The market is projected to increase from…
Global Organic Pigments Market Analysis 2025-2030: Growth Drivers, Challenges, A …
The Organic Pigments Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Organic Pigments Market?
In the past few years, we've seen significant growth in the market size of organic pigments. With a compound annual growth rate (CAGR) of 7.2%,…
More Releases for VLC
How to Enable Audio Visualizations in VLC Media Player?
When you play the song or any audio without video, the VLC media player will display the black screen to you. With the help of the audio visualizations feature, we can add some gorgeous visual effects with multiple colors that make us feel even better. This feature makes the VLC player more interactive. The following content will make you know how to see audio visualization in the VLC media player…
Visible Light Communication (VLC) Market: North America for the Largest Market S …
Visible Light Communication(VLC) systems are being developed to be used for creating ultra high-speed, secure, and biologically friendly communication networks that allow the creation and expansion of seamless computing applications. Such systems use modulated light wavelengths emitted by a variety of suitably adapted conventional sources, such as outdoor and indoor lighting, illuminated signs, displays, televisions, computer screens, digital cameras, and digital cameras on mobile phones for communication purposes, majorly through…
Visible Light Communications (VLC) Market Trends, Business Growth, Leading Playe …
Research Report on Visible Light Communications (VLC) provides Market Size, CAGR Analysis, Types, Application, Analysis of Key Players like Axrtek, Avago, Casio, Panasonic, Lvx, Pure Li-Fi, Firefly, Gallium Lighting, Llc, Koninklijke Philips N.V. and More.
Global Visible Light Communications (VLC) Market report provides a detailed market overview of the industry including definitions, classifications, applications, challenges, competitive scenario and industry chain structure. The report also analysis the Visible Light Communications (VLC) Market…
Global Visible Light Communications (VLC) Market Plant Analysis & Overview 2018
Qyresearchreports include new market research report "Global Visible Light Communications (VLC) Market Size, Status and Forecast 2025" to its huge collection of research reports.
The global Visible Light Communications (VLC) market has been explained in details in the report. It offers various crucial statistics pertaining to the revenue, products and applications, and geography of the market. Apart from that, the report also collates information on the different macro-fundamentals and other factors…
Free Space Optics (FSO) and Visible Light Communication (VLC) Market - Trends, S …
Global Free Space Optics and Visible Light Communication Market: Overview
Free space optical (SFO) communication is a technology that uses light traveling in free space such as outer space, air, and vacuum to communicate. This technology is highly useful in cases were physical optical fiber cable connection is impractical owing to high costs or other factors. On the other hand, visible light communication (VLC) is a subset of optical wireless communications…
Visible Light Communication (VLC) Equipment Market Share 2017-2022 LVX System, O …
Global Visible Light Communication (VLC) Equipment Market Research Report
A market study ” Global Visible Light Communication (VLC) Equipment Market ” examines the performance of the Visible Light Communication (VLC) Equipment market 2017. It encloses an in-depth Research of the Visible Light Communication (VLC) Equipment market state and the competitive landscape globally. This report analyzes the potential of Visible Light Communication (VLC) Equipment market in the present and the future prospects…
