PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251587
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251587
Global FSO & VLC/Li-Fi Market is valued at approximately USD 1.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 40.3% over the forecast period 2022-2029. Data transmission across free space or using light is made possible by the technologies known as Free Space Optics (FSO) and Visible Light Communication (VLC). In contrast to VLC systems, which rely on LEDs with a bandwidth of 300MHz to 110GHz, FSO systems use an infrared laser beam. The two markets with the highest projected CAGRs are for VLC for undersea communications applications and FSO for healthcare applications. FSO and VLC are utilized more frequently as a result of their support for effective data transmission technologies that keep information secure as well as the growing level of market player cooperation.
. The market value for free space optics (FSO) and visible light communication (VLC) will significantly increase as these technologies become more widely used to replace outdated technology. Rising collaboration between private players is driving the market significantly. In 2022, Acuity Brands (US) partnered recently with Spatial DNA (Canada) to introduce the Atrius IoT Partner program and leverage location-based data provided by Atrius Platform Services and Atrius-Ready Sensory Networks to build mobile applications for indoor navigation and enterprise workflows. FSO is used to wirelessly transmit data for telecommunication and computer networking. The light in free space-which could be anything from a vacuum to outer space to air-is used for this purpose. Using visible light between 400 and 800 THz, visible light communication (VLC) is a wireless data transmission technique. This leads to adoption of FSO and VLC Li-Fi. However, the high cost of FSO & VLC/Li-Fi stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global FSO & VLC/Li-Fi Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the region with the dominating market share of FSO & VLC/Li-Fi . The region will hold the majority of the FSO & VLC/Li-Fi market in 2022. The region's FSO market is expanding due to the expansion of manufacturing facilities, the quick development of telecommunications infrastructure, and the rising need for CAD. North America currently is the fastest growing region for visible light communication (VLC) and free space optics (FSO). Market is fueled majorly by a substantial increase in finance and investment for the advancement of the underlying technology.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable