Press Release

FSO & VLC Technologies Reshaping Industries: Elevating Connectivity & Data Transmission

The Global Free Space Optics & Visible Light Market size is valued at around USD 3.5 billion in 2023 and is estimated to grow at a CAGR of about 37.18% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The market is experiencing a remarkable upswing, driven by the ever-increasing demand for swift and reliable wireless communication. This surge is highlighted by the essential need for secure and uninterrupted data transmission, a fundamental requirement that underpins a multitude of industries. FSO and VLC technologies offer numerous advantages, including heightened data rates, expanded bandwidth, and immunity to electromagnetic interference, setting them apart from conventional wireless methods.

The adoption of Internet of Things (IoT) devices is growing, necessitating efficient & secure communication in sectors as diverse as healthcare, retail, and transportation. These technologies are poised to redefine connectivity in these industries, providing not only speed but also reliability. The integration of VLC capabilities into lighting systems, coupled with advancements in LED technology, is set to propel market growth, offering a cost-effective solution for pervasive connectivity.

In today's data-intensive digital landscape, marked by applications such as video streaming, cloud computing, and IoT devices, the demand for rapid data transmission and internet connectivity is surging. In response, companies specializing in FSO & VLC technologies are developing innovative products capable of achieving gigabit-per-second data rates. This extraordinary speed & bandwidth capacity renders these technologies highly attractive for addressing the burgeoning data needs across a spectrum of applications & industries.

In essence, FSO and VLC are poised to meet the demands of a data-driven world, driving the expansion of their respective markets., further states the research report, “Global Free Space Optics & Visible Light Market Analysis, 2024.”

Global Free Space Optics & Visible Light Market Segmentation Analysis

FSO Mobile Backhaul: Meeting the Surging Demand for High-speed Mobile Data in Urban Areas

Based on the Application, the market is further bifurcated into Mobile Backhaul, Disaster Recovery, Data transmission, Enterprise connectivity, and Security surveillance. The demand for FSO in Mobile Backhaul is on the rise, especially in urban areas. Mobile data traffic is growing rapidly driven by smartphones & the introduction of 5G networks. As a result, high-capacity & low-latency mobile backhaul solutions are in high demand.

FSO stands out as an effective & cost-efficient way to establish reliable communication connections between cell towers & your core network. In urban areas, where physical limitations and high costs of laying traditional cables are common, FSO provides a viable alternative.

North America to Dominate the Market of Free Space Optics & Visible Light

North America has a track record of embracing cutting-edge technologies, with Free Space Optics (FSO) and Visible Light Communication (VLC) being no exception. The region has demonstrated a keen interest in leveraging these technologies, particularly in initiatives like smart cities and Internet of Things (IoT) connectivity.

North America, known for its innovation-driven approach, has been a catalyst for the growing demand for FSO & VLC solutions during the historical years. Additionally, as the technology innovates, it would enhance the integration of the technology in the various application segments, which would drive the demand in the region in the forecast years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including CACI International INC., fSONA Networks Corporation, Purelifi limited, Mostcom Ltd., Lightpointe Communications, Inc., Airlinx Communications, Inc., Trimble Hungary Kft, Cailabs, Collinear Networks, Inc., Anova Technologies Inc., Fog Optics Inc., Laser Light Communications, Visat Inc., Optelix Pty Ltd., Wireless Excellence Ltd., are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the regions?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?