FSO and VLC/Li-Fi Market Poised to Hit $24.68 Billion by 2029 with Accelerating Growth Trends

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How Large Will the FSO and VLC/Li-Fi Market Size By 2025?
The market size for fso and vlc/li-fi has seen an explosive growth recently. The market value, which stood at $5.37 billion in 2024, is projected to rise to $7.41 billion by 2025, marking a Compound Annual Growth Rate (CAGR) of 38.0%. Factors such as growing urbanization, increasing worries about spectrum congestion, the rise of energy-efficient technologies, increased funding in research and development, and the proliferating use of wireless sensors have contributed to this historical period of growth.

How Big Is the FSO and VLC/Li-Fi Market Size Expected to Grow by 2029?
The market size for fso and vlc/li-fi is projected to witness a steep rise in the coming years, reaching a value of $24.68 billion in 2029, with a CAGR standing at 35.1%. The projected growth during this period can be credited to the broadening of 5G networks, increasing implementation of smart city projects, the enlargement of indoor wireless communication, the growing application of Li-Fi in the automotive sector, and the escalating need for wireless connectivity. Key trends in the forecast period encompass the incorporation of IoT, the introduction of 5G, RF technology, and technological progression.

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Which Key Market Drivers Powering FSO and VLC/Li-Fi Market Expansion and Growth?
The escalating need for rapid wireless connectivity is predicted to fuel the expansion of the FSO and VLC or Li-Fi market in the future. Fast wireless connectivity involves the high-speed transfer of information via wireless communication pathways. Numerous elements contribute to the growing need for swift wireless connectivity, such as an expanding network of interconnected devices, the prominence of applications that demand substantial bandwidth, and the extensive acceptance of remote working habits. FSO, used in fast wireless connectivity, allows information to be transmitted through open-air light beams, whereas VLC or Li-Fi uses LEDs to transmit data through modulated light, thereby offering efficient and secure wireless communication. Citing an example from April 2023, 5G Americas, a US-based industry trade union, stated that there were 1.05 billion 5G wireless links globally at the end of 2022, marking a 76% increase from the conclusion of 2021. By the end of 2027, it is anticipated that the figure will reach 5.9 billion. Hence, the burgeoning demand for high-speed wireless connectivity is propelling the growth of the FSO and VLC or Li-Fi market.

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Which Fast-Growing Trends Are Poised to Disrupt the FSO and VLC/Li-Fi Market?
Leading firms in the FSO and VLC or Li-Fi market are prioritizing the development of innovative tech solutions like light antenna modules in order to boost the efficiency of communication. These light antenna modules are compact devices designed specifically for facilitating wireless communication via light waves, and they are frequently utilized in technologies such as LiFi and VLC. Take PureLiFi Ltd. for example, a firm based in the UK specializing in technology. It introduced Light Antenna ONE, a LiFi module intended to be incorporated into hardware, in February 2023. This antenna for wireless communication, which is even smaller than a US dime, is expected to spearhead the integration of LiFi into connected devices and smartphones on a large scale. The module is designed to be optimal in terms of performance, size, cost-effectiveness, and production requirements, offering the possibility for manufacturers of smartphones and connected devices to seamlessly include LiFi on a large scale.

What Are the Emerging Segments in the FSO and VLC/Li-Fi Market?
The fso and vlc/li-fimarket covered in this report is segmented -

1) By Component: Light Emitting Diode, Infrared Emitters, Opto-Couplers, Image Sensors
2) By Transmission Type: Unidirectional, Bidirectional
3) By Application: Intelligent Transportation Systems (ITS), Indoor Networking, In-Flight Entertainment And Communication, Health Care And Underwater Communication, Location-Based Services

Subsegments:
1) By Light Emitting Diode: Standard LEDs, High-Power LEDs, Organic LEDs (OLEDs), Micro LEDs, Other LEDs
2) By Infrared Emitters: Laser Diodes, Light Emitting Diodes (LEDs), Vertical Cavity Surface Emitting Lasers (VCSELs), Other Infrared Emitters
3) By Opto-Couplers: Phototransistor Opto-Couplers, Photometric Opto-Couplers, Photodiode Opto-Couplers, High-Speed Opto-Couplers, Other Opto-Couplers
4) By Image Sensors: CMOS Image Sensors, CCD (Charge-Coupled Device) Sensors, InGaAs Image Sensors, Other Image Sensors

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Who Are the Global Leaders in the FSO and VLC/Li-Fi Market?
Major companies operating in the FSO and VLC/Li-Fi market are 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.

Which are the Top Profitable Regional Markets for the FSO and VLC/Li-Fi Industry?
North America was the largest region in the FSO and VLC/Li-Fi market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the FSO and VLC/Li-Fi market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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