FSO and Li-Fi, VLC Market Size, Share, Trends

The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the FSO & VLC / Li-Fi market. This process involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting valuable information for the comprehensive, technical, market-oriented, and commercial study of the FSO & VLC / Li-Fi market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects. Key players in the FSO & VLC / Li-Fi market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. Secondary sources included corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers, FSO & VLC / Li-Fi products-related journals, and certified publications; articles by recognized authors; directories; and databases.

Secondary research was conducted to obtain key information about the industry supply chain, market value chain, key players, market classification and segmentation as per industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. Data from secondary research was collected and analyzed to determine the overall market size, which was further validated by primary research.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology & innovation directors, and key executives from major companies in the FSO & VLC / Li-Fi market.

After going through market engineering (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers obtained. Primary research was conducted to identify segmentation types, industry trends, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, and challenges, along with the key strategies adopted by players operating in the market.

To know about the assumptions considered for the study, download the pdf brochure

Market size Estimation

In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the FSO & VLC/Li-Fi market.

The key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players, as well as interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.

FSO & VLC / Li-Fi Market: Bottom-up Approach

Data Triangulation

After arriving at the overall size of the Free Space Optics (FSO) and Visible Light Communication (VLC) market from the market size estimation process explained above, the total market was split into several segments and subsegments. Where applicable, the market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using top-down and bottom-up approaches.

Report Objectives

• To describe and forecast the Free Space Optics (FSO) and Visible Light Communication (VLC), in terms of value, based on component, product, application, and vertical
• To describe and forecast the FSO & VLC / Li-Fi market size, in terms of value, with respect to four regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To provide detailed information about the drivers, restraints, opportunities, and challenges influencing the growth of the Free Space Optics (FSO) and Visible Light Communication (VLC) market.
• To provide a detailed overview of the supply chain of the Free Space Optics (FSO) and Visible Light Communication (VLC) ecosystem
• To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market
• To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of business strategy excellence and strength of product portfolios
• To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with a detailed competitive landscape of the market
• To analyze competitive developments in the Free Space Optics (FSO) and Visible Light Communication (VLC) market, such as acquisitions, product launches, partnerships, expansions, and collaborations

Available customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.

Product analysis

• Detailed analysis and profiling of additional market players

The following customization options are available for the report:

• Market sizing and forecast for additional countries
• Additional five companies profiling 

Future of The Free Space Optics (FSO) and Visible Light Communication (VLC) , RF Communication Market

Free Space Optics (FSO) and Visible Light Communication (VLC) are promising technologies that are expected to grow in popularity in the future. FSO uses lasers or LEDs to transmit data through the air, providing high-speed data transfer without physical cables or wires, making it an ideal solution for high-bandwidth applications such as telecommunications, military communications, and data centers. VLC uses visible light to transmit data, making it ideal for indoor communications and other applications where traditional RF communication may be limited. Both technologies are expected to be used in a wide range of applications in the future, including smart cities, industrial automation, and autonomous vehicles. However, RF communication will still play an important role in many applications, and it is unlikely that these technologies will completely replace RF communication in the near future.

Growth Opportunities for RF Communication market :

Despite the potential of FSO and VLC, the RF communication market is still expected to experience growth and opportunities in the future.

RF communication remains the dominant technology in many applications and industries due to its reliability, range, and compatibility with existing infrastructure.

The increasing number of connected devices requires reliable and efficient communication, and RF communication is well-suited for this task, making the Internet of Things (IoT) an area of growth for RF communication.

With the development of autonomous vehicles, there is a need for reliable and high-speed communication between vehicles and infrastructure, and RF communication is expected to play a critical role in enabling this communication, particularly in areas such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication.

The growth of 5G networks is expected to drive demand for RF communication technology, particularly in the areas of small cells and backhaul.

As new applications and use cases emerge, the demand for RF communication is expected to continue to rise, particularly in areas such as IoT, automotive, and 5G networks.

Some futuristic growth use-cases of RF Communication market?

The RF communication market is expected to experience significant growth in the future due to the emergence of new use cases and applications. Some of the futuristic growth use-cases of RF communication market include:

Smart cities : As cities become more connected and integrated, the demand for reliable and efficient communication is expected to grow. RF communication technology is well-suited for this task and is expected to play a critical role in enabling the development of smart cities.

Wearables : The wearable technology market is expected to experience significant growth in the future, and RF communication is likely to be a key component of these devices. RF communication can enable communication between wearables and other devices, as well as enable real-time monitoring and data collection.

Augmented and virtual reality : As the use of augmented and virtual reality technology grows, the demand for high-speed, reliable communication is expected to rise. RF communication can enable real-time communication between devices and support the transfer of large amounts of data.

Industry 4.0 : The fourth industrial revolution, or Industry 4.0, is expected to transform the manufacturing industry. RF communication is expected to play a critical role in enabling the communication and coordination of machines and other devices in smart factories.

Space exploration : The growth of the commercial space industry is expected to drive demand for RF communication technology. RF communication is essential for communication with spacecraft and other space-based assets.

Niche Threats

Security concerns : RF communication is vulnerable to interception and hacking, which could compromise the security of data being transmitted. As the use of RF communication grows, there is a risk that security threats could also increase.

Spectrum availability : The availability of radio spectrum is limited, and as the use of RF communication grows, there is a risk of spectrum becoming congested. This could impact the performance of RF communication systems and limit their ability to transmit data.

Interference : RF communication is vulnerable to interference from other radio signals, which could impact its performance. As the number of wireless devices grows, there is a risk that interference could increase, which could impact the reliability of RF communication.

Competition from other technologies: While RF communication is well-suited for many applications, it is not the only technology available. Other technologies, such as FSO and VLC, are also emerging and could potentially compete with RF communication in some applications.

The market scope of RF communication also includes various applications such as:

Telecommunications: RF communication is a key component of modern telecommunications infrastructure, including cellular networks, Wi-Fi, and other wireless communication systems.

Broadcasting: RF communication is also used for broadcasting applications, including television and radio broadcasting.

Military and defense: RF communication is essential for military and defense applications, including communication between soldiers and commanders, as well as communication with unmanned aerial vehicles (UAVs) and other military assets.

Transportation: RF communication is used for a wide range of transportation applications, including communication between aircraft, ships, and ground-based vehicles, as well as communication with air traffic control and other transportation infrastructure.

Industrial automation: RF communication is used for industrial automation applications, including communication between machines and other equipment in factories and other industrial settings.

Top Companies in RF communication market

The RF communication market is highly competitive, with many companies operating in this space. Some of the top players in the market include Qualcomm, Broadcom, Intel, Nokia, Ericsson, Texas Instruments, Analog Devices, and Murata Manufacturing. These companies are major producers of RF communication technology for various applications, ranging from smartphones and tablets to telecommunications networks and industrial automation. As the demand for wireless communication technology continues to grow, these companies are expected to play a major role in the development and growth of the RF communication market in the future.