Quick Summary:
In the fast evolving landscape of telecommunications and data transfer, the global Free Space Optics (FSO) and Visible Light Communication (VLC) market is demonstrating immense growth potential. Our meticulously compiled report not only estimates the sector to reach $6.3 billion by 2030 from $536.2 million in 2022, but also offers segmented analysis with standout growth in areas such as software and photo detectors over the 8-year analysis period.
This report provides indispensable insights into market trends, competitive dynamics, and regional growth patterns, encompassing key markets from the U.S to China. As well as this, our report features detailed profiles of 13 notable competitors within the industry, offering you an in-depth understanding of each player's market share, strengths, and strategies. For strategic decision-makers seeking comprehensive, accurate, and up-to-date information on the FSO and VLC market, this report is an invaluable resource.
Global Free Space Optics (FSO) and Visible Light Communication (VLC) Market to Reach $6.3 Billion by 2030
The global market for Free Space Optics (FSO) and Visible Light Communication (VLC) estimated at US$536.2 Million in the year 2022, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 36% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record a 38.6% CAGR and reach US$2.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Photo Detector segment is readjusted to a revised 36.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $156.9 Million, While China is Forecast to Grow at 34.2% CAGR
The Free Space Optics (FSO) and Visible Light Communication (VLC) market in the U.S. is estimated at US$156.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 34.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.8% and 30.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.6% CAGR.Select Competitors (Total 13 Featured) -
- Fsona Networks Corp.
- General Electric Company
- Ibsentelecom Ltd.
- Koninklijke Philips NV
- Lightbee Corp.
- LightPointe Communications, Inc.
- Lvx System
- Oledcomm
- Outstanding Technology Co., Ltd.
- Panasonic Corporation
- Plaintree Systems Inc.
- Purelifi Ltd.
- Supreme Architecture
- Trimble Hungary Kft.
- Wireless Excellence Limited (CableFree)
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Free Space Optics (FSO) and Visible Light Communication (VLC)?
What is the growth rate of the Global Market for Free Space Optics (FSO) and Visible Light Communication (VLC)?
What is the forecasted size of the Global Market for Free Space Optics (FSO) and Visible Light Communication (VLC)?
Who are the key companies in the Global Market for Free Space Optics (FSO) and Visible Light Communication (VLC)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 536.2 Million |
| Forecasted Market Value ( USD | $ 6300 Million |
| Compound Annual Growth Rate | 36.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Fsona Networks Corp.
- General Electric Company
- Ibsentelecom Ltd.
- Koninklijke Philips NV
- Lightbee Corp.
- LightPointe Communications, Inc.
- Lvx System
- Oledcomm
- Outstanding Technology Co., Ltd.
- Panasonic Corporation
- Plaintree Systems Inc.
- Purelifi Ltd.
- Supreme Architecture
- Trimble Hungary Kft.
- Wireless Excellence Limited (CableFree)
