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. Key factors fueling the growth of this market include the alternative solution to overburdened RF technology for outdoor networking, last-mile connectivity, faster and safer data transfer than other challenging technologies, and less energy consumption by LEDs. The demand for Li-Fi technology is increasing across the world to provide secure communications with high data bandwidth, and so on. Various applications such as healthcare, consumer electronics, defense, and commercial create a strong demand for FSO & VLC/Li-Fi market due to efficient industrial operations and thus drive the FSO & VLC/Li-Fi market growth. However, the high price of FSO is hindering the growth of the FSO & VLC/Li-Fi market.
'Market for healthcare and underwater communication applications to grow at higher CAGR during forecast period'
The FSO market for healthcare applications and the VLC market for underwater communication applications are expected to grow with the highest CAGR during the forecast period. FSOs are hugely deployed in healthcare applications where wireless communication through radio waves is not allowed due to potential health hazards. On the other hand, underwater communications rely on acoustic technologies that limit the speeds to a fraction of terrestrial wireless systems. RF does not work underwater, but visible light can support high-speed data transmission over short distances in this environment. VLC can be a safe alternative to RF communication and serve the purpose of this untapped application area.
'Asia Pacific to witness highest growth among other regions during forecast period'
Asia Pacific is expected to dominate the FSO & VLC/Li-Fi market during the forecast period. The region is projected to account for the largest share of the FSO and VLC by 2025. The FSO and VLC market here is expected to grow at the highest CAGR during the forecast period. Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are driving the FSO market here. Also, with the recent developments and increased expenditure on VLC-related R&D activities, the Asia Pacific region is expected to be the fastest-growing market for VLC during the forecast period. Similarly, end-user industries such as automotive, aerospace & defense, and consumer electronics are expected to create huge opportunities for VLC or Li-Fi solution providers.
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the FSO & VLC/Li-Fi market. The break-up of primary participants for the report is as shown below:
Research coverage
This research report categorizes the FSO & VLC/Li-Fi market based on component, transmission type, application, vertical, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the FSO & VLC/Li-Fi market and forecasts the same till 2028. The report also consists of leadership mapping and analysis of companies in the FSO & VLC/Li-Fi ecosystem.
Key benefits of buying report
The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the FSO & VLC/Li-Fi market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
'Market for healthcare and underwater communication applications to grow at higher CAGR during forecast period'
The FSO market for healthcare applications and the VLC market for underwater communication applications are expected to grow with the highest CAGR during the forecast period. FSOs are hugely deployed in healthcare applications where wireless communication through radio waves is not allowed due to potential health hazards. On the other hand, underwater communications rely on acoustic technologies that limit the speeds to a fraction of terrestrial wireless systems. RF does not work underwater, but visible light can support high-speed data transmission over short distances in this environment. VLC can be a safe alternative to RF communication and serve the purpose of this untapped application area.
'Asia Pacific to witness highest growth among other regions during forecast period'
Asia Pacific is expected to dominate the FSO & VLC/Li-Fi market during the forecast period. The region is projected to account for the largest share of the FSO and VLC by 2025. The FSO and VLC market here is expected to grow at the highest CAGR during the forecast period. Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are driving the FSO market here. Also, with the recent developments and increased expenditure on VLC-related R&D activities, the Asia Pacific region is expected to be the fastest-growing market for VLC during the forecast period. Similarly, end-user industries such as automotive, aerospace & defense, and consumer electronics are expected to create huge opportunities for VLC or Li-Fi solution providers.
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the FSO & VLC/Li-Fi market. The break-up of primary participants for the report is as shown below:
- By company type: Tier 1—45 %, Tier 2—30%, and Tier 3—25%
- By designation: C-Level Executives—30%, Directors—25%, and Others—45%
- By region: North America—45%, Europe—30%, Asia Pacific—2s0%, and RoW—5%
Research coverage
This research report categorizes the FSO & VLC/Li-Fi market based on component, transmission type, application, vertical, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the FSO & VLC/Li-Fi market and forecasts the same till 2028. The report also consists of leadership mapping and analysis of companies in the FSO & VLC/Li-Fi ecosystem.
Key benefits of buying report
The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the FSO & VLC/Li-Fi market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 FSO MARKET: SEGMENTATION
FIGURE 2 VLC/LI-FI MARKET: SEGMENTATION
1.3.1 YEARS CONSIDERED
1.4 CURRENCY
1.5 VOLUME UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 FSO AND VLC/LI-FI MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Estimating market size through bottom-up approach (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE)— REVENUE GENERATED BY COMPANIES IN FSO
AND VLC/LI-FI MARKET
FIGURE 5 FSO AND VLC/LI-FI MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Methodology to capture market size using top-down approach
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN
FSO AND VLC/LI-FI MARKET
FIGURE 7 FSO AND VLC/LI-FI MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 FSO MARKET FOR DISASTER MANAGEMENT APPLICATION TO DOMINATE DURING FORECAST PERIOD
FIGURE 10 VLC/LI-FI MARKET, IN TERMS OF VALUE, BY COMPONENT, 2023 VS. 2028
FIGURE 11 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION APPLICATION TO RECORD HIGHEST CAGR FROM 2023 TO 2028
FIGURE 12 FSO AND VLC /LI-FI MARKET FOR ASIA PACIFIC TO GROW AT HIGHEST RATE
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FSO AND VLC/LI-FI MARKET
FIGURE 13 GROWING DEMAND FOR HIGH-SPEED INTERNET CONNECTIVITY TO BOOST FSO MARKET GROWTH
FIGURE 14 INCREASING USE OF SMART LIGHTING SOLUTIONS TO BOOST
VLC/LI-FI MARKET GROWTH
4.2 VLC/LI-FI MARKET, BY TRANSMISSION TYPE
FIGURE 15 BIDIRECTIONAL TRANSMISSION SEGMENT TO RECORD HIGHER CAGR FROM 2023 TO 2028
4.3 FSO AND VLC/LI-FI MARKET, BY APPLICATION
FIGURE 16 MOBILE BACKHAUL AND SMART STORES APPLICATIONS ACCOUNTED FOR LARGEST SHARES OF FSO AND VLC/LI-FI MARKETS, RESPECTIVELY, IN 2022
4.4 FSO AND VLC/LI-FI MARKET, BY REGION
FIGURE 17 FSO MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM
2023 TO 2028
FIGURE 18 VLC/LI-FI MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 FSO MARKET: MARKET DYNAMICS
FIGURE 20 VLC/LI-FI MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 FSO market
5.2.1.1.1 Effective alternative to RF technology for outdoor networking
5.2.1.1.2 Limited last mile connectivity
FIGURE 21 FSO MARKET: IMPACT OF DRIVERS
5.2.1.2 VLC/Li-Fi market
5.2.1.2.1 Ability to offer faster and safer data transfer
5.2.1.2.2 High growth of LEDs due to low energy consumption
FIGURE 22 LED LIGHTING SALES IN NET ZERO SCENARIO, 2016–2030
FIGURE 23 VLC/LI-FI MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 FSO market
5.2.2.1.1 High installation cost for FSO solutions
FIGURE 24 FSO MARKET: IMPACT OF RESTRAINTS
5.2.2.2 VLC/Li-Fi market
5.2.2.2.1 Suited only to short-range communication applications
FIGURE 25 VLC/LI-FI MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 FSO market
5.2.3.1.1 Increasing preference for FSO over RF in space programs
TABLE 1 RF VS. FSO FOR SPACE PROGRAMS
FIGURE 26 FSO MARKET: IMPACT OF OPPORTUNITIES
5.2.3.2 VLC/Li-Fi market
5.2.3.2.1 Growing adoption of Li-Fi in various industries
5.2.3.2.2 Emergence of new applications such as IoT and 5G
FIGURE 27 VLC/LI-FI MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 FSO market
5.2.4.1.1 Reliability issues due to fading of signals during propagation
TABLE 2 POWER LOSS IN FSO SYSTEMS DUE TO ENVIRONMENTAL INTERFERENCE
FIGURE 28 FSO MARKET: IMPACT OF CHALLENGES
5.2.4.2 VLC/Li-Fi market
5.2.4.2.1 Lack of technological awareness
FIGURE 29 VLC/LI-FI MARKET: IMPACT OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED TO FSO AND VLC/LI-FI MARKET
5.4 ECOSYSTEM/MARKET MAP
FIGURE 31 FSO AND VLC/LI-FI ECOSYSTEM
TABLE 3 COMPANIES AND THEIR ROLE IN FSO AND VLC/LI-FI ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE (ASP) OF VARIOUS FSO AND VLC/LI-FI SOLUTIONS
TABLE 4 AVERAGE SELLING PRICE OF FSO AND LI-FI SOLUTIONS FROM 2021 TO 2022
FIGURE 32 AVERAGE SELLING PRICE OF KEY LI-FI PLAYERS (USD)
TABLE 5 AVERAGE SELLING PRICE OF KEY LI-FI PLAYERS (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR FSO AND
VLC/LI-FI PROVIDERS
FIGURE 33 REVENUE SHIFT FOR FSO AND VLC/LI-FI MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 O2 TELEFONICA USES LI-FI FOR 5G AND BEYOND
5.7.2 ACUITY BRANDS, INC. OFFERS LI-FI TECHNOLOGY FOR RETAIL ENTITIES
5.7.3 ELIOT DEVELOPS IOT APPLICATIONS BASED ON LI-FI
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 6 IMPACT OF PORTER’S FIVE FORCES ON FSO AND VLC/LI-FI MARKET
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS: FSO AND VLC/LI-FI MARKET
5.8.1 INTENSITY OF COMPETITIVE RIVALRY
5.8.2 BARGAINING POWER OF SUPPLIERS
5.8.3 BARGAINING POWER OF BUYERS
5.8.4 THREAT OF SUBSTITUTES
5.8.5 THREAT OF NEW ENTRANTS
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE FSO APPLICATIONS
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE FSO APPLICATIONS (%)
FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VLC/LI-FI APPLICATIONS
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VLC/LI-FI APPLICATIONS (%)
5.9.2 BUYING CRITERIA
FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE FSO APPLICATIONS
TABLE 9 KEY BUYING CRITERIA FOR TOP THREE FSO APPLICATIONS
FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE VLC/LI-FI APPLICATIONS
TABLE 10 KEY BUYING CRITERIA FOR TOP THREE VLC/LI-FI APPLICATIONS
5.10 CASE STUDY ANALYSIS
TABLE 11 EC SYSTEM’S FSO SYSTEM PROVIDES WIRELESS POINT-TO-POINT CONNECTION
TABLE 12 EC SYSTEM’S CABLE-FREE OPTICAL TECHNOLOGY DEPLOYED IN EBENE CYBER CITY IN MAURITIUS
TABLE 13 BABCOCK USES LI-FI TO IMPROVE INFORMATION GATHERING
5.11 TRADE ANALYSIS
FIGURE 39 IMPORT DATA, BY COUNTRY, 2017?2021 (USD THOUSAND)
FIGURE 40 EXPORT DATA, BY COUNTRY, 2017?2021 (USD THOUSAND)
5.12 PATENT ANALYSIS
FIGURE 41 COMPANIES WITH HIGHEST NUMBER OF FSO PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 14 TOP 20 FSO PATENT OWNERS IN LAST 10 YEARS
FIGURE 42 NUMBER OF FSO PATENTS GRANTED PER YEAR, 2012?2022
FIGURE 43 COMPANIES WITH HIGHEST NUMBER OF VLC/LI-FI PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 15 TOP 20 VLC/LI-FI PATENT OWNERS IN LAST 10 YEARS
FIGURE 44 NUMBER OF VLC/LI-FI PATENTS GRANTED PER YEAR, 2012?2022
5.12.1 MAJOR PATENTS
TABLE 16 MAJOR PATENTS IN FSO AND VLC/LI-FI MARKET
5.13 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 17 FSO AND VLC/LI-FI MARKET: CONFERENCES AND EVENTS
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO FSO AND VLC/LI-FI
TABLE 18 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS AND REGULATIONS RELATED TO FSO AND VLC/LI-FI
TABLE 22 NORTH AMERICA: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
TABLE 23 EUROPE: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
TABLE 24 ASIA PACIFIC: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
TABLE 25 ROW: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
6 FREE SPACE OPTICS (FSO) MARKET
6.1 FSO MARKET, BY COMPONENT
6.1.1 INTRODUCTION
FIGURE 45 FSO MARKET, BY COMPONENT
FIGURE 46 MODULATORS & DEMODULATORS SEGMENT TO SHOW HIGHEST GROWTH IN FSO MARKET DURING FORECAST PERIOD
TABLE 26 FSO MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 27 FSO MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
6.1.2 TRANSMITTERS
6.1.2.1 Widespread use of LEDs as transmitters in FSO systems
6.1.3 RECEIVERS
6.1.3.1 Photodetectors suited for use as receivers in FSO systems
6.1.4 MODULATORS & DEMODULATORS
6.1.4.1 Ensure efficient communication in FSO systems
6.2 FSO MARKET, BY APPLICATION
6.2.1 INTRODUCTION
FIGURE 47 FSO MARKET, BY APPLICATION
FIGURE 48 FSO MARKET FOR HEALTHCARE APPLICATION TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 28 FSO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 29 FSO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
6.2.2 MOBILE BACKHAUL
6.2.2.1 Use of FSO solutions for additional bandwidth
TABLE 30 TECHNOLOGIES IN MOBILE BACKHAUL
TABLE 31 CAPACITY OF VARIOUS MOBILE BACKHAUL TECHNOLOGIES
TABLE 32 ADVANTAGES OF FSO FOR MOBILE CARRIER BACKHAUL
TABLE 33 FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 34 FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.3 ENTERPRISE CONNECTIVITY
6.2.3.1 FSO offers high resistance to signal interception
TABLE 35 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.4 DISASTER RECOVERY
6.2.4.1 Use of FSO technology to establish quick communication in disaster areas
TABLE 37 FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 38 FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.5 DEFENSE
6.2.5.1 Preference for FSO links to ensure secure and reliable communication
TABLE 39 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 40 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.6 SATELLITE
6.2.6.1 High-speed data transfer makes FSO ideal for satellite applications
TABLE 41 FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 42 FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.7 HEALTHCARE
6.2.7.1 Use of FSO technology to facilitate high-volume data transmission
FIGURE 49 FSO MARKET FOR HEALTHCARE APPLICATION IN EUROPE TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 43 FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 44 FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.8 SECURITY
6.2.8.1 Adoption of FSO technology to evade threat of data interception
TABLE 45 FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 46 FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.9 ENGINEERING & DESIGN
6.2.9.1 Growing use of FSO systems for end-to-end system simulations
TABLE 47 FSO MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 FSO MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.10 OTHERS
TABLE 49 FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 50 FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
6.3 FSO MARKET, BY VERTICAL
6.3.1 INTRODUCTION
FIGURE 50 FSO MARKET, BY VERTICAL
FIGURE 51 MEDICAL VERTICAL TO EXHIBIT HIGHEST CAGR IN FSO MARKET DURING FORECAST PERIOD
TABLE 51 FSO MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 52 FSO MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
6.3.2 IT & TELECOMMUNICATIONS
6.3.2.1 Increasing demand for deployment of 5G networks
6.3.3 AEROSPACE & DEFENSE
6.3.3.1 Growing use of FSO communication technology due to high security and ease of deployment
6.3.4 CONSUMER ELECTRONICS
6.3.4.1 Increasing global demand for high-speed internet connectivity
6.3.5 MEDICAL
6.3.5.1 Increasing preference for FSO for transmission of biomedical sensor signals
6.3.6 AUTOMOTIVE
6.3.6.1 Growing use of FSO for vehicular communication
6.3.7 OTHERS
6.4 FSO MARKET, BY REGION
6.4.1 INTRODUCTION
FIGURE 52 FSO MARKET IN ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 53 FSO MARKET, BY REGION
TABLE 53 FSO MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 FSO MARKET, BY REGION, 2023–2028 (USD MILLION)
6.4.2 AMERICAS
FIGURE 54 AMERICAS: FSO MARKET SNAPSHOT
TABLE 55 FSO MARKET IN AMERICAS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 56 FSO MARKET IN AMERICAS, BY APPLICATION, 2023–2028 (USD MILLION)
6.4.3 EUROPE
FIGURE 55 EUROPE: FSO MARKET SNAPSHOT
TABLE 57 FSO MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 58 FSO MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)
6.4.4 ASIA PACIFIC
FIGURE 56 ASIA PACIFIC: FSO MARKET SNAPSHOT
TABLE 59 FSO MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 60 FSO MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)
6.4.5 REST OF THE WORLD
FIGURE 57 ROW: FSO MARKET SNAPSHOT
TABLE 61 FSO MARKET IN ROW, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 62 FSO MARKET IN ROW, BY APPLICATION, 2023–2028 (USD MILLION)
7 VISIBLE LIGHT COMMUNICATION (VLC)/LIGHT FIDELITY (LI-FI) MARKET
7.1 VLC/LI-FI MARKET, BY COMPONENT
7.1.1 INTRODUCTION
FIGURE 58 VLC/LI-FI MARKET, BY COMPONENT
FIGURE 59 SOFTWARE SEGMENT TO HOLD LARGEST SIZE OF VLC/LI-FI MARKET DURING FORECAST PERIOD
TABLE 63 VLC/LI-FI MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 64 VLC/LI-FI MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.1.2 LIGHT-EMITTING DIODES (LEDS)
7.1.2.1 Important components of VLC systems
TABLE 65 COMPARISON OF LED, INCANDESCENT, AND FLUORESCENT LAMPS
7.1.2.2 Phosphorus LEDs
TABLE 66 CHARACTERISTICS OF PHOSPHORUS LEDS
7.1.2.3 Red, Green, and Blue (RGB) LEDs
TABLE 67 CHARACTERISTICS OF RGB LED
7.1.2.4 Resonant Cavity LEDs (RCLEDs)
TABLE 68 CHARACTERISTICS OF RCLED
7.1.2.5 Organic LEDs (OLEDs)
TABLE 69 CHARACTERISTICS OF OLEDS
7.1.2.6 Microlens LEDs
7.1.2.7 Near-infrared or ultraviolet LEDs
TABLE 70 VLC/LI-FI MARKET FOR LEDS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 71 VLC/LI-FI MARKET FOR LEDS, BY APPLICATION, 2023–2028 (USD MILLION)
7.1.3 PHOTODETECTORS
7.1.3.1 Used as receivers in VLC systems
7.1.3.2 Photodiode
7.1.3.3 Image sensor
TABLE 72 COMPARISON OF CCD AND CMOS SENSORS
TABLE 73 VLC/LI-FI MARKET FOR PHOTODETECTORS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 74 VLC/LI-FI MARKET FOR PHOTODETECTORS, BY APPLICATION, 2023–2028 (USD MILLION)
7.1.4 MICROCONTROLLERS
7.1.4.1 Used in VLC technology to simplify data processing
7.1.4.2 Modulator & demodulator
7.1.4.2.1 Modulation
7.1.4.2.1.1 Pulse Width Modulation (PWM)
7.1.4.2.1.2 Pulse Position Modulation (PPM)
7.1.4.2.1.3 Variable Pulse Position Modulation (VPPM)
7.1.4.2.1.4 Pulse Amplitude Modulation (PAM)
7.1.4.2.1.5 Color Shift Keying (CSK)
7.1.4.2.1.6 Frequency Shift Keying (FSK)
7.1.4.2.1.7 Orthogonal Frequency Division Multiplex (OFDM)
7.1.4.2.1.8 Spatial Modulation (SM)
7.1.4.2.2 Demodulation
7.1.4.2.2.1 Diode detector
7.1.4.2.2.2 Synchronous detector
TABLE 75 VLC/LI-FI MARKET FOR MICROCONTROLLERS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 76 VLC/LI-FI MARKET FOR MICROCONTROLLERS, BY APPLICATION, 2023–2028 (USD MILLION)
7.1.5 SOFTWARE
7.1.5.1 Important component of VLC systems
TABLE 77 VLC/LI-FI MARKET FOR SOFTWARE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 78 VLC/LI-FI MARKET FOR SOFTWARE, BY APPLICATION, 2023–2028 (USD MILLION)
7.2 VLC/LI-FI MARKET, BY TRANSMISSION TYPE
7.2.1 INTRODUCTION
FIGURE 60 VLC/LI-FI MARKET, BY TRANSMISSION TYPE
FIGURE 61 BIDIRECTIONAL TRANSMISSION SEGMENT TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
TABLE 79 VLC/LI-FI MARKET, BY TRANSMISSION TYPE, 2019–2022 (USD MILLION)
TABLE 80 VLC/LI-FI MARKET, BY TRANSMISSION TYPE, 2023–2028 (USD MILLION)
7.2.2 UNIDIRECTIONAL TRANSMISSION
7.2.3 BIDIRECTIONAL TRANSMISSION
7.3 VLC/LI-FI MARKET, BY APPLICATION
7.3.1 INTRODUCTION
FIGURE 62 VLC/LI-FI MARKET, BY APPLICATION
FIGURE 63 DEFENSE & SECURITY SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 81 VLC/LI-FI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 82 VLC/LI-FI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.2 SMART STORES
7.3.2.1 Growing use of VLC/Li-fi solutions to improve customer experience
TABLE 83 VLC/LI-FI MARKET FOR SMART STORES, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 84 VLC/LI-FI MARKET FOR SMART STORES, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 85 VLC/LI-FI MARKET FOR SMART STORES, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 VLC/LI-FI MARKET FOR SMART STORES, BY REGION, 2023–2028 (USD MILLION)
7.3.3 STREETLIGHTS
7.3.3.1 Government projects to drive market growth
TABLE 87 VLC/LI-FI MARKET FOR STREETLIGHTS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 88 VLC/LI-FI MARKET FOR STREETLIGHTS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 89 VLC/LI-FI MARKET FOR STREETLIGHTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 90 VLC/LI-FI MARKET FOR STREETLIGHTS, BY REGION, 2023–2028 (USD MILLION)
7.3.4 CONSUMER ELECTRONICS
7.3.4.1 Increasing demand for interconnected electronic gadgets to drive market growth
TABLE 91 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 92 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 93 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)
TABLE 94 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)
FIGURE 64 VLC/LI-FI MARKET FOR RESIDENTIAL SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
TABLE 95 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 96 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.4.2 Residential
7.3.4.3 Commercial
7.3.5 DEFENSE & SECURITY
7.3.5.1 Need for secure and reliable communication to drive demand for VLC links
TABLE 97 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 98 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 99 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY REGION, 2019–2022 (USD MILLION)
TABLE 100 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY REGION, 2023–2028 (USD MILLION)
7.3.6 VEHICLES & TRANSPORTATION
7.3.6.1 Growing adoption of VLC in intelligent transportation systems
TABLE 101 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 102 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 103 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 104 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY REGION, 2023–2028 (USD MILLION)
FIGURE 65 VEHICLE-TO-VEHICLE COMMUNICATION SEGMENT TO LEAD DURING FORECAST PERIOD
TABLE 105 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 106 VLC/LI-FI MARKET FOR VEHICLE S& TRANSPORTATION, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.6.2 Vehicle-to-vehicle communication
7.3.6.3 Location-based service
TABLE 107 COMPARISON OF POSITION DETECTION WITH OTHER TECHNOLOGIES
7.3.6.4 Intelligent transportation system
7.3.6.4.1 Advanced traffic management system
7.3.6.4.2 Vehicle-to-infrastructure communication
7.3.6.4.3 Advanced public transportation system
7.3.7 AVIATION
7.3.7.1 Rising preference for VLC to provide radiation-free communication in aircraft
TABLE 108 VLC/LI-FI MARKET FOR AVIATION, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 109 VLC/LI-FI MARKET FOR AVIATION, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 110 VLC/LI-FI MARKET FOR AVIATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 111 VLC/LI-FI MARKET FOR AVIATION, BY REGION, 2023–2028 (USD MILLION)
7.3.8 HOSPITALS
7.3.8.1 Increasing use of e-healthcare solutions to encourage demand for VLC technology
TABLE 112 VLC/LI-FI MARKET FOR HOSPITALS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 113 VLC/LI-FI MARKET FOR HOSPITALS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 114 VLC/LI-FI MARKET FOR HOSPITALS, BY REGION, 2019–2022 (USD MILLION)
TABLE 115 VLC/LI-FI MARKET FOR HOSPITALS, BY REGION, 2023–2028 (USD MILLION)
FIGURE 66 ASSET TRACKING SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
TABLE 116 VLC/LI-FI MARKET FOR HOSPITALS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 117 VLC/LI-FI MARKET FOR HOSPITALS, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.8.2 Asset tracking
7.3.8.3 Patient tracking
7.3.8.4 Data monitoring
7.3.9 UNDERWATER COMMUNICATION
7.3.9.1 Demand for VLC to overcome limitations of other communication systems
TABLE 118 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 119 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 120 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 121 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2023–2028 (USD MILLION)
7.3.10 HAZARDOUS ENVIRONMENTS
7.3.10.1 Increasing demand for safer communication modes
TABLE 122 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 123 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENT, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 124 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 125 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY REGION, 2023–2028 (USD MILLION)
7.3.11 OTHERS
TABLE 126 VLC/LI-FI MARKET FOR OTHERS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 127 VLC/LI-FI MARKET FOR OTHERS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 128 VLC/LI-FI MARKET FOR OTHERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 129 VLC/LI-FI MARKET FOR OTHERS, BY REGION, 2023–2028 (USD MILLION)
FIGURE 67 DIGITAL SIGNAGE SEGMENT TO GROW AT HIGHEST RATE BETWEEN 2023 AND 2028
TABLE 130 VLC/LI-FI MARKET FOR OTHERS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 131 VLC/LI-FI MARKET FOR OTHERS, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.11.1 Museums
7.3.11.2 Digital Signage
7.3.11.3 Hotels & Casinos
7.3.11.4 Logistics
7.4 VLC/LI-FI MARKET, BY REGION
7.4.1 INTRODUCTION
FIGURE 68 VLC/LI-FI MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 69 VLC/LI-FI MARKET, BY REGION
TABLE 132 VLC/LI-FI MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 133 VLC/LI-FI MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4.2 AMERICAS
FIGURE 70 AMERICAS: VLC/LI-FI MARKET SNAPSHOT
TABLE 134 VLC/LI-FI MARKET IN AMERICAS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 135 VLC/LI-FI MARKET IN AMERICAS, BY APPLICATION, 2023–2028 (USD MILLION)
7.4.3 EUROPE
FIGURE 71 EUROPE: VLC/LI-FI MARKET SNAPSHOT
TABLE 136 VLC/LI-FI MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 137 VLC/LI-FI MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)
7.4.4 ASIA PACIFIC
FIGURE 72 ASIA PACIFIC: VLC/LI-FI MARKET SNAPSHOT
TABLE 138 VLC/LI-FI MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 139 VLC/LI-FI MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)
7.4.5 ROW
FIGURE 73 ROW: VLC/LI-FI MARKET SNAPSHOT
TABLE 140 VLC/LI-FI MARKET IN ROW, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 141 VLC/LI-FI MARKET IN ROW, BY APPLICATION, 2023–2028 (USD MILLION)
8 COMPETITIVE LANDSCAPE
8.1 INTRODUCTION
8.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
TABLE 142 OVERVIEW OF STRATEGIES DEPLOYED BY KEY VLC/LI-FI OEMS
8.2.1 PRODUCT PORTFOLIO
8.2.2 REGIONAL FOCUS
8.2.3 MANUFACTURING FOOTPRINT
8.2.4 ORGANIC/INORGANIC STRATEGIES
8.2.5 MARKET EVALUATION FRAMEWORK FOR FSO
TABLE 143 OVERVIEW OF STRATEGIES DEPLOYED BY KEY FSO OEMS
8.2.6 PRODUCT PORTFOLIO
8.2.7 REGIONAL FOCUS
8.2.8 MANUFACTURING FOOTPRINT
8.2.9 ORGANIC/INORGANIC STRATEGIES
8.2.10 FSO AND VLC/LI-FI MARKET: REVENUE ANALYSIS
FIGURE 74 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2017-2021
8.3 MARKET SHARE ANALYSIS OF KEY PLAYERS IN FSO AND VLC/LI-FI MARKET
TABLE 144 VLC/LI-FI MARKET: DEGREE OF COMPETITION
TABLE 145 FSO MARKET: DEGREE OF COMPETITION
8.4 COMPANY EVALUATION QUADRANT, 2021
8.4.1 STARS
8.4.2 PERVASIVE PLAYERS
8.4.3 PARTICIPANTS
8.4.4 EMERGING LEADERS
FIGURE 75 FSO AND VLC/LI-FI MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021
8.5 COMPETITIVE BENCHMARKING
TABLE 146 COMPANY APPLICATION FOOTPRINT (18 COMPANIES)
TABLE 147 COMPANY REGIONAL FOOTPRINT (18 COMPANIES)
TABLE 148 COMPANY FOOTPRINT
8.6 STARTUP/SME EVALUATION QUADRANT, 2021
TABLE 149 OVERVIEW OF STARTUP/SME COMPANY
8.6.1 PROGRESSIVE COMPANIES
8.6.2 RESPONSIVE COMPANIES
8.6.3 DYNAMIC COMPANIES
8.6.4 STARTING BLOCKS
FIGURE 76 FSO AND VLC/LI-FI MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
TABLE 150 FSO AND VLC/LI-FI MARKET: LIST OF KEY STARTUPS/SMES
TABLE 151 FSO AND VLC/LI-FI MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
8.7 COMPETITIVE SITUATIONS & TRENDS
8.7.1 PRODUCT LAUNCHES
TABLE 152 PRODUCT LAUNCHES (2019–2022)
8.7.2 ACQUISITIONS AND PARTNERSHIPS
TABLE 153 ACQUISITIONS AND PARTNERSHIPS (2019–2022)
8.7.3 COLLABORATIONS, CONTRACTS, AND JOINT VENTURES
TABLE 154 COLLABORATIONS, CONTRACTS, AND JOINT VENTURES (2019–2022)
9 COMPANY PROFILES
9.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
9.1.1 SIGNIFY HOLDING
TABLE 155 SIGNIFY HOLDING: BUSINESS OVERVIEW
FIGURE 77 SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 156 SIGNIFY HOLDING: PRODUCT LAUNCHES
TABLE 157 SIGNIFY HOLDING: DEALS
9.1.2 LUCIBEL SA
TABLE 158 LUCIBEL SA: BUSINESS OVERVIEW
FIGURE 78 LUCIBEL SA: COMPANY SNAPSHOT
TABLE 159 LUCIBEL SA: PRODUCT LAUNCHES
TABLE 160 LUCIBEL SA: DEALS
9.1.3 FSONA NETWORKS CORP.
TABLE 161 FSONA NETWORKS CORP.: BUSINESS OVERVIEW
9.1.4 WIRELESS EXCELLENCE LIMITED
TABLE 162 WIRELESS EXCELLENCE LIMITED: BUSINESS OVERVIEW
TABLE 163 WIRELESS EXCELLENCE LIMITED: PRODUCT LAUNCHES
9.1.5 OLEDCOMM SAS
TABLE 164 OLEDCOMM SAS: BUSINESS OVERVIEW
TABLE 165 OLEDCOMM SAS: PRODUCT LAUNCHES
TABLE 166 OLEDCOMM SAS: DEALS
9.1.6 PURELIFI
TABLE 167 PURELIFI: BUSINESS OVERVIEW
TABLE 168 PURELIFI: PRODUCT LAUNCHES
TABLE 169 PURELIFI: DEALS
9.1.7 ACUITY BRANDS, INC.
TABLE 170 ACUITY BRANDS, INC.: BUSINESS OVERVIEW
FIGURE 79 ACUITY BRANDS, INC.: COMPANY SNAPSHOT
TABLE 171 ACUITY BRANDS, INC.: PRODUCT LAUNCHES
TABLE 172 ACUITY BRANDS, INC.: DEALS
TABLE 173 ACUITY BRANDS, INC.: OTHERS
9.1.8 PANASONIC CORPORATION
TABLE 174 PANASONIC CORPORATION: BUSINESS OVERVIEW
FIGURE 80 PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 175 PANASONIC CORPORATION: DEALS
9.1.9 FRAUNHOFER HHI
TABLE 176 FRAUNHOFER HHI: BUSINESS OVERVIEW
TABLE 177 FRAUNHOFER HHI: PRODUCT LAUNCHES
9.1.10 TRIMBLE HUNGARY KFT.
TABLE 178 TRIMBLE HUNGARY KFT.: BUSINESS OVERVIEW
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
9.2 OTHER PLAYERS
9.2.1 JSC MOSTCOM
9.2.2 LVX SYSTEM
9.2.3 LIGHTBEE
9.2.4 VELMENNI
9.2.5 VLNCOMM
9.2.6 IRNAS D.O.O.
9.2.7 NEXTLIFI
9.2.8 INFINITY TECHNOLOGY SERVICES
9.2.9 AIRLINX COMMUNICATIONS, INC.
9.2.10 EC SYSTEM
9.2.11 CACI INTERNATIONAL INC
9.2.12 REDLINE INFRASTRUCTURE
9.2.13 GLOBAL LIFI TECH
9.2.14 LUMEFFICIENT
9.2.15 AXIOM OPTICS
10 APPENDIX
10.1 DISCUSSION GUIDE
10.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
10.3 CUSTOMIZATION OPTIONS
10.4 RELATED REPORTS
10.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 FSO MARKET: SEGMENTATION
FIGURE 2 VLC/LI-FI MARKET: SEGMENTATION
1.3.1 YEARS CONSIDERED
1.4 CURRENCY
1.5 VOLUME UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 FSO AND VLC/LI-FI MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Estimating market size through bottom-up approach (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE)— REVENUE GENERATED BY COMPANIES IN FSO
AND VLC/LI-FI MARKET
FIGURE 5 FSO AND VLC/LI-FI MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Methodology to capture market size using top-down approach
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN
FSO AND VLC/LI-FI MARKET
FIGURE 7 FSO AND VLC/LI-FI MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 FSO MARKET FOR DISASTER MANAGEMENT APPLICATION TO DOMINATE DURING FORECAST PERIOD
FIGURE 10 VLC/LI-FI MARKET, IN TERMS OF VALUE, BY COMPONENT, 2023 VS. 2028
FIGURE 11 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION APPLICATION TO RECORD HIGHEST CAGR FROM 2023 TO 2028
FIGURE 12 FSO AND VLC /LI-FI MARKET FOR ASIA PACIFIC TO GROW AT HIGHEST RATE
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FSO AND VLC/LI-FI MARKET
FIGURE 13 GROWING DEMAND FOR HIGH-SPEED INTERNET CONNECTIVITY TO BOOST FSO MARKET GROWTH
FIGURE 14 INCREASING USE OF SMART LIGHTING SOLUTIONS TO BOOST
VLC/LI-FI MARKET GROWTH
4.2 VLC/LI-FI MARKET, BY TRANSMISSION TYPE
FIGURE 15 BIDIRECTIONAL TRANSMISSION SEGMENT TO RECORD HIGHER CAGR FROM 2023 TO 2028
4.3 FSO AND VLC/LI-FI MARKET, BY APPLICATION
FIGURE 16 MOBILE BACKHAUL AND SMART STORES APPLICATIONS ACCOUNTED FOR LARGEST SHARES OF FSO AND VLC/LI-FI MARKETS, RESPECTIVELY, IN 2022
4.4 FSO AND VLC/LI-FI MARKET, BY REGION
FIGURE 17 FSO MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM
2023 TO 2028
FIGURE 18 VLC/LI-FI MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 FSO MARKET: MARKET DYNAMICS
FIGURE 20 VLC/LI-FI MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 FSO market
5.2.1.1.1 Effective alternative to RF technology for outdoor networking
5.2.1.1.2 Limited last mile connectivity
FIGURE 21 FSO MARKET: IMPACT OF DRIVERS
5.2.1.2 VLC/Li-Fi market
5.2.1.2.1 Ability to offer faster and safer data transfer
5.2.1.2.2 High growth of LEDs due to low energy consumption
FIGURE 22 LED LIGHTING SALES IN NET ZERO SCENARIO, 2016–2030
FIGURE 23 VLC/LI-FI MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 FSO market
5.2.2.1.1 High installation cost for FSO solutions
FIGURE 24 FSO MARKET: IMPACT OF RESTRAINTS
5.2.2.2 VLC/Li-Fi market
5.2.2.2.1 Suited only to short-range communication applications
FIGURE 25 VLC/LI-FI MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 FSO market
5.2.3.1.1 Increasing preference for FSO over RF in space programs
TABLE 1 RF VS. FSO FOR SPACE PROGRAMS
FIGURE 26 FSO MARKET: IMPACT OF OPPORTUNITIES
5.2.3.2 VLC/Li-Fi market
5.2.3.2.1 Growing adoption of Li-Fi in various industries
5.2.3.2.2 Emergence of new applications such as IoT and 5G
FIGURE 27 VLC/LI-FI MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 FSO market
5.2.4.1.1 Reliability issues due to fading of signals during propagation
TABLE 2 POWER LOSS IN FSO SYSTEMS DUE TO ENVIRONMENTAL INTERFERENCE
FIGURE 28 FSO MARKET: IMPACT OF CHALLENGES
5.2.4.2 VLC/Li-Fi market
5.2.4.2.1 Lack of technological awareness
FIGURE 29 VLC/LI-FI MARKET: IMPACT OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED TO FSO AND VLC/LI-FI MARKET
5.4 ECOSYSTEM/MARKET MAP
FIGURE 31 FSO AND VLC/LI-FI ECOSYSTEM
TABLE 3 COMPANIES AND THEIR ROLE IN FSO AND VLC/LI-FI ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE (ASP) OF VARIOUS FSO AND VLC/LI-FI SOLUTIONS
TABLE 4 AVERAGE SELLING PRICE OF FSO AND LI-FI SOLUTIONS FROM 2021 TO 2022
FIGURE 32 AVERAGE SELLING PRICE OF KEY LI-FI PLAYERS (USD)
TABLE 5 AVERAGE SELLING PRICE OF KEY LI-FI PLAYERS (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR FSO AND
VLC/LI-FI PROVIDERS
FIGURE 33 REVENUE SHIFT FOR FSO AND VLC/LI-FI MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 O2 TELEFONICA USES LI-FI FOR 5G AND BEYOND
5.7.2 ACUITY BRANDS, INC. OFFERS LI-FI TECHNOLOGY FOR RETAIL ENTITIES
5.7.3 ELIOT DEVELOPS IOT APPLICATIONS BASED ON LI-FI
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 6 IMPACT OF PORTER’S FIVE FORCES ON FSO AND VLC/LI-FI MARKET
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS: FSO AND VLC/LI-FI MARKET
5.8.1 INTENSITY OF COMPETITIVE RIVALRY
5.8.2 BARGAINING POWER OF SUPPLIERS
5.8.3 BARGAINING POWER OF BUYERS
5.8.4 THREAT OF SUBSTITUTES
5.8.5 THREAT OF NEW ENTRANTS
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE FSO APPLICATIONS
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE FSO APPLICATIONS (%)
FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VLC/LI-FI APPLICATIONS
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VLC/LI-FI APPLICATIONS (%)
5.9.2 BUYING CRITERIA
FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE FSO APPLICATIONS
TABLE 9 KEY BUYING CRITERIA FOR TOP THREE FSO APPLICATIONS
FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE VLC/LI-FI APPLICATIONS
TABLE 10 KEY BUYING CRITERIA FOR TOP THREE VLC/LI-FI APPLICATIONS
5.10 CASE STUDY ANALYSIS
TABLE 11 EC SYSTEM’S FSO SYSTEM PROVIDES WIRELESS POINT-TO-POINT CONNECTION
TABLE 12 EC SYSTEM’S CABLE-FREE OPTICAL TECHNOLOGY DEPLOYED IN EBENE CYBER CITY IN MAURITIUS
TABLE 13 BABCOCK USES LI-FI TO IMPROVE INFORMATION GATHERING
5.11 TRADE ANALYSIS
FIGURE 39 IMPORT DATA, BY COUNTRY, 2017?2021 (USD THOUSAND)
FIGURE 40 EXPORT DATA, BY COUNTRY, 2017?2021 (USD THOUSAND)
5.12 PATENT ANALYSIS
FIGURE 41 COMPANIES WITH HIGHEST NUMBER OF FSO PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 14 TOP 20 FSO PATENT OWNERS IN LAST 10 YEARS
FIGURE 42 NUMBER OF FSO PATENTS GRANTED PER YEAR, 2012?2022
FIGURE 43 COMPANIES WITH HIGHEST NUMBER OF VLC/LI-FI PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 15 TOP 20 VLC/LI-FI PATENT OWNERS IN LAST 10 YEARS
FIGURE 44 NUMBER OF VLC/LI-FI PATENTS GRANTED PER YEAR, 2012?2022
5.12.1 MAJOR PATENTS
TABLE 16 MAJOR PATENTS IN FSO AND VLC/LI-FI MARKET
5.13 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 17 FSO AND VLC/LI-FI MARKET: CONFERENCES AND EVENTS
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO FSO AND VLC/LI-FI
TABLE 18 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS AND REGULATIONS RELATED TO FSO AND VLC/LI-FI
TABLE 22 NORTH AMERICA: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
TABLE 23 EUROPE: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
TABLE 24 ASIA PACIFIC: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
TABLE 25 ROW: SAFETY STANDARDS FOR FSO AND VLC/LI-FI MARKET
6 FREE SPACE OPTICS (FSO) MARKET
6.1 FSO MARKET, BY COMPONENT
6.1.1 INTRODUCTION
FIGURE 45 FSO MARKET, BY COMPONENT
FIGURE 46 MODULATORS & DEMODULATORS SEGMENT TO SHOW HIGHEST GROWTH IN FSO MARKET DURING FORECAST PERIOD
TABLE 26 FSO MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 27 FSO MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
6.1.2 TRANSMITTERS
6.1.2.1 Widespread use of LEDs as transmitters in FSO systems
6.1.3 RECEIVERS
6.1.3.1 Photodetectors suited for use as receivers in FSO systems
6.1.4 MODULATORS & DEMODULATORS
6.1.4.1 Ensure efficient communication in FSO systems
6.2 FSO MARKET, BY APPLICATION
6.2.1 INTRODUCTION
FIGURE 47 FSO MARKET, BY APPLICATION
FIGURE 48 FSO MARKET FOR HEALTHCARE APPLICATION TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 28 FSO MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 29 FSO MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
6.2.2 MOBILE BACKHAUL
6.2.2.1 Use of FSO solutions for additional bandwidth
TABLE 30 TECHNOLOGIES IN MOBILE BACKHAUL
TABLE 31 CAPACITY OF VARIOUS MOBILE BACKHAUL TECHNOLOGIES
TABLE 32 ADVANTAGES OF FSO FOR MOBILE CARRIER BACKHAUL
TABLE 33 FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 34 FSO MARKET FOR MOBILE BACKHAUL APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.3 ENTERPRISE CONNECTIVITY
6.2.3.1 FSO offers high resistance to signal interception
TABLE 35 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 FSO MARKET FOR ENTERPRISE CONNECTIVITY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.4 DISASTER RECOVERY
6.2.4.1 Use of FSO technology to establish quick communication in disaster areas
TABLE 37 FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 38 FSO MARKET FOR DISASTER RECOVERY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.5 DEFENSE
6.2.5.1 Preference for FSO links to ensure secure and reliable communication
TABLE 39 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 40 FSO MARKET FOR DEFENSE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.6 SATELLITE
6.2.6.1 High-speed data transfer makes FSO ideal for satellite applications
TABLE 41 FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 42 FSO MARKET FOR SATELLITE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.7 HEALTHCARE
6.2.7.1 Use of FSO technology to facilitate high-volume data transmission
FIGURE 49 FSO MARKET FOR HEALTHCARE APPLICATION IN EUROPE TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 43 FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 44 FSO MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.8 SECURITY
6.2.8.1 Adoption of FSO technology to evade threat of data interception
TABLE 45 FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 46 FSO MARKET FOR SECURITY APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.9 ENGINEERING & DESIGN
6.2.9.1 Growing use of FSO systems for end-to-end system simulations
TABLE 47 FSO MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 FSO MARKET FOR ENGINEERING & DESIGN APPLICATION, BY REGION, 2023–2028 (USD MILLION)
6.2.10 OTHERS
TABLE 49 FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 50 FSO MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
6.3 FSO MARKET, BY VERTICAL
6.3.1 INTRODUCTION
FIGURE 50 FSO MARKET, BY VERTICAL
FIGURE 51 MEDICAL VERTICAL TO EXHIBIT HIGHEST CAGR IN FSO MARKET DURING FORECAST PERIOD
TABLE 51 FSO MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 52 FSO MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
6.3.2 IT & TELECOMMUNICATIONS
6.3.2.1 Increasing demand for deployment of 5G networks
6.3.3 AEROSPACE & DEFENSE
6.3.3.1 Growing use of FSO communication technology due to high security and ease of deployment
6.3.4 CONSUMER ELECTRONICS
6.3.4.1 Increasing global demand for high-speed internet connectivity
6.3.5 MEDICAL
6.3.5.1 Increasing preference for FSO for transmission of biomedical sensor signals
6.3.6 AUTOMOTIVE
6.3.6.1 Growing use of FSO for vehicular communication
6.3.7 OTHERS
6.4 FSO MARKET, BY REGION
6.4.1 INTRODUCTION
FIGURE 52 FSO MARKET IN ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 53 FSO MARKET, BY REGION
TABLE 53 FSO MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 FSO MARKET, BY REGION, 2023–2028 (USD MILLION)
6.4.2 AMERICAS
FIGURE 54 AMERICAS: FSO MARKET SNAPSHOT
TABLE 55 FSO MARKET IN AMERICAS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 56 FSO MARKET IN AMERICAS, BY APPLICATION, 2023–2028 (USD MILLION)
6.4.3 EUROPE
FIGURE 55 EUROPE: FSO MARKET SNAPSHOT
TABLE 57 FSO MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 58 FSO MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)
6.4.4 ASIA PACIFIC
FIGURE 56 ASIA PACIFIC: FSO MARKET SNAPSHOT
TABLE 59 FSO MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 60 FSO MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)
6.4.5 REST OF THE WORLD
FIGURE 57 ROW: FSO MARKET SNAPSHOT
TABLE 61 FSO MARKET IN ROW, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 62 FSO MARKET IN ROW, BY APPLICATION, 2023–2028 (USD MILLION)
7 VISIBLE LIGHT COMMUNICATION (VLC)/LIGHT FIDELITY (LI-FI) MARKET
7.1 VLC/LI-FI MARKET, BY COMPONENT
7.1.1 INTRODUCTION
FIGURE 58 VLC/LI-FI MARKET, BY COMPONENT
FIGURE 59 SOFTWARE SEGMENT TO HOLD LARGEST SIZE OF VLC/LI-FI MARKET DURING FORECAST PERIOD
TABLE 63 VLC/LI-FI MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 64 VLC/LI-FI MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.1.2 LIGHT-EMITTING DIODES (LEDS)
7.1.2.1 Important components of VLC systems
TABLE 65 COMPARISON OF LED, INCANDESCENT, AND FLUORESCENT LAMPS
7.1.2.2 Phosphorus LEDs
TABLE 66 CHARACTERISTICS OF PHOSPHORUS LEDS
7.1.2.3 Red, Green, and Blue (RGB) LEDs
TABLE 67 CHARACTERISTICS OF RGB LED
7.1.2.4 Resonant Cavity LEDs (RCLEDs)
TABLE 68 CHARACTERISTICS OF RCLED
7.1.2.5 Organic LEDs (OLEDs)
TABLE 69 CHARACTERISTICS OF OLEDS
7.1.2.6 Microlens LEDs
7.1.2.7 Near-infrared or ultraviolet LEDs
TABLE 70 VLC/LI-FI MARKET FOR LEDS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 71 VLC/LI-FI MARKET FOR LEDS, BY APPLICATION, 2023–2028 (USD MILLION)
7.1.3 PHOTODETECTORS
7.1.3.1 Used as receivers in VLC systems
7.1.3.2 Photodiode
7.1.3.3 Image sensor
TABLE 72 COMPARISON OF CCD AND CMOS SENSORS
TABLE 73 VLC/LI-FI MARKET FOR PHOTODETECTORS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 74 VLC/LI-FI MARKET FOR PHOTODETECTORS, BY APPLICATION, 2023–2028 (USD MILLION)
7.1.4 MICROCONTROLLERS
7.1.4.1 Used in VLC technology to simplify data processing
7.1.4.2 Modulator & demodulator
7.1.4.2.1 Modulation
7.1.4.2.1.1 Pulse Width Modulation (PWM)
7.1.4.2.1.2 Pulse Position Modulation (PPM)
7.1.4.2.1.3 Variable Pulse Position Modulation (VPPM)
7.1.4.2.1.4 Pulse Amplitude Modulation (PAM)
7.1.4.2.1.5 Color Shift Keying (CSK)
7.1.4.2.1.6 Frequency Shift Keying (FSK)
7.1.4.2.1.7 Orthogonal Frequency Division Multiplex (OFDM)
7.1.4.2.1.8 Spatial Modulation (SM)
7.1.4.2.2 Demodulation
7.1.4.2.2.1 Diode detector
7.1.4.2.2.2 Synchronous detector
TABLE 75 VLC/LI-FI MARKET FOR MICROCONTROLLERS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 76 VLC/LI-FI MARKET FOR MICROCONTROLLERS, BY APPLICATION, 2023–2028 (USD MILLION)
7.1.5 SOFTWARE
7.1.5.1 Important component of VLC systems
TABLE 77 VLC/LI-FI MARKET FOR SOFTWARE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 78 VLC/LI-FI MARKET FOR SOFTWARE, BY APPLICATION, 2023–2028 (USD MILLION)
7.2 VLC/LI-FI MARKET, BY TRANSMISSION TYPE
7.2.1 INTRODUCTION
FIGURE 60 VLC/LI-FI MARKET, BY TRANSMISSION TYPE
FIGURE 61 BIDIRECTIONAL TRANSMISSION SEGMENT TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
TABLE 79 VLC/LI-FI MARKET, BY TRANSMISSION TYPE, 2019–2022 (USD MILLION)
TABLE 80 VLC/LI-FI MARKET, BY TRANSMISSION TYPE, 2023–2028 (USD MILLION)
7.2.2 UNIDIRECTIONAL TRANSMISSION
7.2.3 BIDIRECTIONAL TRANSMISSION
7.3 VLC/LI-FI MARKET, BY APPLICATION
7.3.1 INTRODUCTION
FIGURE 62 VLC/LI-FI MARKET, BY APPLICATION
FIGURE 63 DEFENSE & SECURITY SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 81 VLC/LI-FI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 82 VLC/LI-FI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.2 SMART STORES
7.3.2.1 Growing use of VLC/Li-fi solutions to improve customer experience
TABLE 83 VLC/LI-FI MARKET FOR SMART STORES, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 84 VLC/LI-FI MARKET FOR SMART STORES, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 85 VLC/LI-FI MARKET FOR SMART STORES, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 VLC/LI-FI MARKET FOR SMART STORES, BY REGION, 2023–2028 (USD MILLION)
7.3.3 STREETLIGHTS
7.3.3.1 Government projects to drive market growth
TABLE 87 VLC/LI-FI MARKET FOR STREETLIGHTS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 88 VLC/LI-FI MARKET FOR STREETLIGHTS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 89 VLC/LI-FI MARKET FOR STREETLIGHTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 90 VLC/LI-FI MARKET FOR STREETLIGHTS, BY REGION, 2023–2028 (USD MILLION)
7.3.4 CONSUMER ELECTRONICS
7.3.4.1 Increasing demand for interconnected electronic gadgets to drive market growth
TABLE 91 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 92 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 93 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)
TABLE 94 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)
FIGURE 64 VLC/LI-FI MARKET FOR RESIDENTIAL SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
TABLE 95 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 96 VLC/LI-FI MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.4.2 Residential
7.3.4.3 Commercial
7.3.5 DEFENSE & SECURITY
7.3.5.1 Need for secure and reliable communication to drive demand for VLC links
TABLE 97 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 98 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 99 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY REGION, 2019–2022 (USD MILLION)
TABLE 100 VLC/LI-FI MARKET FOR DEFENSE & SECURITY, BY REGION, 2023–2028 (USD MILLION)
7.3.6 VEHICLES & TRANSPORTATION
7.3.6.1 Growing adoption of VLC in intelligent transportation systems
TABLE 101 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 102 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 103 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 104 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY REGION, 2023–2028 (USD MILLION)
FIGURE 65 VEHICLE-TO-VEHICLE COMMUNICATION SEGMENT TO LEAD DURING FORECAST PERIOD
TABLE 105 VLC/LI-FI MARKET FOR VEHICLES & TRANSPORTATION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 106 VLC/LI-FI MARKET FOR VEHICLE S& TRANSPORTATION, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.6.2 Vehicle-to-vehicle communication
7.3.6.3 Location-based service
TABLE 107 COMPARISON OF POSITION DETECTION WITH OTHER TECHNOLOGIES
7.3.6.4 Intelligent transportation system
7.3.6.4.1 Advanced traffic management system
7.3.6.4.2 Vehicle-to-infrastructure communication
7.3.6.4.3 Advanced public transportation system
7.3.7 AVIATION
7.3.7.1 Rising preference for VLC to provide radiation-free communication in aircraft
TABLE 108 VLC/LI-FI MARKET FOR AVIATION, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 109 VLC/LI-FI MARKET FOR AVIATION, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 110 VLC/LI-FI MARKET FOR AVIATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 111 VLC/LI-FI MARKET FOR AVIATION, BY REGION, 2023–2028 (USD MILLION)
7.3.8 HOSPITALS
7.3.8.1 Increasing use of e-healthcare solutions to encourage demand for VLC technology
TABLE 112 VLC/LI-FI MARKET FOR HOSPITALS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 113 VLC/LI-FI MARKET FOR HOSPITALS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 114 VLC/LI-FI MARKET FOR HOSPITALS, BY REGION, 2019–2022 (USD MILLION)
TABLE 115 VLC/LI-FI MARKET FOR HOSPITALS, BY REGION, 2023–2028 (USD MILLION)
FIGURE 66 ASSET TRACKING SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
TABLE 116 VLC/LI-FI MARKET FOR HOSPITALS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 117 VLC/LI-FI MARKET FOR HOSPITALS, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.8.2 Asset tracking
7.3.8.3 Patient tracking
7.3.8.4 Data monitoring
7.3.9 UNDERWATER COMMUNICATION
7.3.9.1 Demand for VLC to overcome limitations of other communication systems
TABLE 118 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 119 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 120 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2019–2022 (USD MILLION)
TABLE 121 VLC/LI-FI MARKET FOR UNDERWATER COMMUNICATION, BY REGION, 2023–2028 (USD MILLION)
7.3.10 HAZARDOUS ENVIRONMENTS
7.3.10.1 Increasing demand for safer communication modes
TABLE 122 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 123 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENT, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 124 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 125 VLC/LI-FI MARKET FOR HAZARDOUS ENVIRONMENTS, BY REGION, 2023–2028 (USD MILLION)
7.3.11 OTHERS
TABLE 126 VLC/LI-FI MARKET FOR OTHERS, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 127 VLC/LI-FI MARKET FOR OTHERS, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 128 VLC/LI-FI MARKET FOR OTHERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 129 VLC/LI-FI MARKET FOR OTHERS, BY REGION, 2023–2028 (USD MILLION)
FIGURE 67 DIGITAL SIGNAGE SEGMENT TO GROW AT HIGHEST RATE BETWEEN 2023 AND 2028
TABLE 130 VLC/LI-FI MARKET FOR OTHERS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 131 VLC/LI-FI MARKET FOR OTHERS, BY APPLICATION, 2023–2028 (USD MILLION)
7.3.11.1 Museums
7.3.11.2 Digital Signage
7.3.11.3 Hotels & Casinos
7.3.11.4 Logistics
7.4 VLC/LI-FI MARKET, BY REGION
7.4.1 INTRODUCTION
FIGURE 68 VLC/LI-FI MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 69 VLC/LI-FI MARKET, BY REGION
TABLE 132 VLC/LI-FI MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 133 VLC/LI-FI MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4.2 AMERICAS
FIGURE 70 AMERICAS: VLC/LI-FI MARKET SNAPSHOT
TABLE 134 VLC/LI-FI MARKET IN AMERICAS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 135 VLC/LI-FI MARKET IN AMERICAS, BY APPLICATION, 2023–2028 (USD MILLION)
7.4.3 EUROPE
FIGURE 71 EUROPE: VLC/LI-FI MARKET SNAPSHOT
TABLE 136 VLC/LI-FI MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 137 VLC/LI-FI MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)
7.4.4 ASIA PACIFIC
FIGURE 72 ASIA PACIFIC: VLC/LI-FI MARKET SNAPSHOT
TABLE 138 VLC/LI-FI MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 139 VLC/LI-FI MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)
7.4.5 ROW
FIGURE 73 ROW: VLC/LI-FI MARKET SNAPSHOT
TABLE 140 VLC/LI-FI MARKET IN ROW, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 141 VLC/LI-FI MARKET IN ROW, BY APPLICATION, 2023–2028 (USD MILLION)
8 COMPETITIVE LANDSCAPE
8.1 INTRODUCTION
8.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
TABLE 142 OVERVIEW OF STRATEGIES DEPLOYED BY KEY VLC/LI-FI OEMS
8.2.1 PRODUCT PORTFOLIO
8.2.2 REGIONAL FOCUS
8.2.3 MANUFACTURING FOOTPRINT
8.2.4 ORGANIC/INORGANIC STRATEGIES
8.2.5 MARKET EVALUATION FRAMEWORK FOR FSO
TABLE 143 OVERVIEW OF STRATEGIES DEPLOYED BY KEY FSO OEMS
8.2.6 PRODUCT PORTFOLIO
8.2.7 REGIONAL FOCUS
8.2.8 MANUFACTURING FOOTPRINT
8.2.9 ORGANIC/INORGANIC STRATEGIES
8.2.10 FSO AND VLC/LI-FI MARKET: REVENUE ANALYSIS
FIGURE 74 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2017-2021
8.3 MARKET SHARE ANALYSIS OF KEY PLAYERS IN FSO AND VLC/LI-FI MARKET
TABLE 144 VLC/LI-FI MARKET: DEGREE OF COMPETITION
TABLE 145 FSO MARKET: DEGREE OF COMPETITION
8.4 COMPANY EVALUATION QUADRANT, 2021
8.4.1 STARS
8.4.2 PERVASIVE PLAYERS
8.4.3 PARTICIPANTS
8.4.4 EMERGING LEADERS
FIGURE 75 FSO AND VLC/LI-FI MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021
8.5 COMPETITIVE BENCHMARKING
TABLE 146 COMPANY APPLICATION FOOTPRINT (18 COMPANIES)
TABLE 147 COMPANY REGIONAL FOOTPRINT (18 COMPANIES)
TABLE 148 COMPANY FOOTPRINT
8.6 STARTUP/SME EVALUATION QUADRANT, 2021
TABLE 149 OVERVIEW OF STARTUP/SME COMPANY
8.6.1 PROGRESSIVE COMPANIES
8.6.2 RESPONSIVE COMPANIES
8.6.3 DYNAMIC COMPANIES
8.6.4 STARTING BLOCKS
FIGURE 76 FSO AND VLC/LI-FI MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
TABLE 150 FSO AND VLC/LI-FI MARKET: LIST OF KEY STARTUPS/SMES
TABLE 151 FSO AND VLC/LI-FI MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
8.7 COMPETITIVE SITUATIONS & TRENDS
8.7.1 PRODUCT LAUNCHES
TABLE 152 PRODUCT LAUNCHES (2019–2022)
8.7.2 ACQUISITIONS AND PARTNERSHIPS
TABLE 153 ACQUISITIONS AND PARTNERSHIPS (2019–2022)
8.7.3 COLLABORATIONS, CONTRACTS, AND JOINT VENTURES
TABLE 154 COLLABORATIONS, CONTRACTS, AND JOINT VENTURES (2019–2022)
9 COMPANY PROFILES
9.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
9.1.1 SIGNIFY HOLDING
TABLE 155 SIGNIFY HOLDING: BUSINESS OVERVIEW
FIGURE 77 SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 156 SIGNIFY HOLDING: PRODUCT LAUNCHES
TABLE 157 SIGNIFY HOLDING: DEALS
9.1.2 LUCIBEL SA
TABLE 158 LUCIBEL SA: BUSINESS OVERVIEW
FIGURE 78 LUCIBEL SA: COMPANY SNAPSHOT
TABLE 159 LUCIBEL SA: PRODUCT LAUNCHES
TABLE 160 LUCIBEL SA: DEALS
9.1.3 FSONA NETWORKS CORP.
TABLE 161 FSONA NETWORKS CORP.: BUSINESS OVERVIEW
9.1.4 WIRELESS EXCELLENCE LIMITED
TABLE 162 WIRELESS EXCELLENCE LIMITED: BUSINESS OVERVIEW
TABLE 163 WIRELESS EXCELLENCE LIMITED: PRODUCT LAUNCHES
9.1.5 OLEDCOMM SAS
TABLE 164 OLEDCOMM SAS: BUSINESS OVERVIEW
TABLE 165 OLEDCOMM SAS: PRODUCT LAUNCHES
TABLE 166 OLEDCOMM SAS: DEALS
9.1.6 PURELIFI
TABLE 167 PURELIFI: BUSINESS OVERVIEW
TABLE 168 PURELIFI: PRODUCT LAUNCHES
TABLE 169 PURELIFI: DEALS
9.1.7 ACUITY BRANDS, INC.
TABLE 170 ACUITY BRANDS, INC.: BUSINESS OVERVIEW
FIGURE 79 ACUITY BRANDS, INC.: COMPANY SNAPSHOT
TABLE 171 ACUITY BRANDS, INC.: PRODUCT LAUNCHES
TABLE 172 ACUITY BRANDS, INC.: DEALS
TABLE 173 ACUITY BRANDS, INC.: OTHERS
9.1.8 PANASONIC CORPORATION
TABLE 174 PANASONIC CORPORATION: BUSINESS OVERVIEW
FIGURE 80 PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 175 PANASONIC CORPORATION: DEALS
9.1.9 FRAUNHOFER HHI
TABLE 176 FRAUNHOFER HHI: BUSINESS OVERVIEW
TABLE 177 FRAUNHOFER HHI: PRODUCT LAUNCHES
9.1.10 TRIMBLE HUNGARY KFT.
TABLE 178 TRIMBLE HUNGARY KFT.: BUSINESS OVERVIEW
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
9.2 OTHER PLAYERS
9.2.1 JSC MOSTCOM
9.2.2 LVX SYSTEM
9.2.3 LIGHTBEE
9.2.4 VELMENNI
9.2.5 VLNCOMM
9.2.6 IRNAS D.O.O.
9.2.7 NEXTLIFI
9.2.8 INFINITY TECHNOLOGY SERVICES
9.2.9 AIRLINX COMMUNICATIONS, INC.
9.2.10 EC SYSTEM
9.2.11 CACI INTERNATIONAL INC
9.2.12 REDLINE INFRASTRUCTURE
9.2.13 GLOBAL LIFI TECH
9.2.14 LUMEFFICIENT
9.2.15 AXIOM OPTICS
10 APPENDIX
10.1 DISCUSSION GUIDE
10.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
10.3 CUSTOMIZATION OPTIONS
10.4 RELATED REPORTS
10.5 AUTHOR DETAILS
