Market Research Report

Global Free Space Optics & Visible Light Market Research Report: Forecast (2024-2030)

By Type (Free Space Optics, Visible Light), By Component (Transmitter, Transceiver, Receiver, Modulator & Demodulator, Others), By Range (Short-range, Medium-range, Long-range), By...Application (Mobile Backhaul, Disaster Recovery, Enterprise Connectivity, Data Transmission, Security & Surveillance, Others (Storage Area Network, Last-Mile Access, etc.)), By End User (IT & Telecom, Military & Defense, Aerospace, Manufacturing & Automotive, Retail, Healthcare, Others (Traffic, Government, etc.)), By Region, (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (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) Read more

  • Aerospace & Defense
  • Nov 2023
  • 194
  • AD88007

Market Definition

Free space optics (FSO) is an optical technology used to transmit data for telecommunication & computer networking wirelessly. This is done by using the light in free space, where the free space could be anything like a vacuum, outer space, or air. Visible light communication (VLC) is a wireless data communications method that uses visible light between 400 and 800 THz. The technology is a subset of optical wireless communication technology and employs fluorescent lamps to transmit signals over short distances.

Market Insights & Analysis: Global Free Space Optics & Visible Light Market (2024-30):

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. The growing demand for fast, reliable wireless communication coupled with the increasing necessity for secure & interference-free data transmission is propelling market expansion.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 37.18%
Regions Covered North America: US, Canada, Mexico
Europe: The UK, Germany, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, Japan, India, Rest of Asia-Pacific
South America: Brazil, Rest of South America
Middle East & Africa: The UAE, Saudi Arabia, South Africa, Egypt, Turkey, Rest of the Middle East & Africa
Key Companies Profiled 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
Market Value (2023) USD 3.5 Billion

 

Free Space Optics (FSO) and Visible Light Communication (VLC) technologies offer multiple advantages compared to conventional wireless methods, including enhanced data rates, expanded bandwidth, and immunity to electromagnetic interference. This trend is further accelerated by the growing adoption of Internet of Things (IoT) devices and the requirement for efficient, secure communication in diverse sectors like healthcare, retail, and transportation.

FSO and VLC technologies hold the potential to redefine communication in these industries by delivering faster and more dependable connectivity. Moreover, the ongoing progress in LED technology and the seamless integration of VLC capabilities into lighting systems are poised to provide a significant boost to market growth. Also, VLC's ability to harmoniously fit into existing infrastructures makes it a cost-effective solution for achieving widespread connectivity, thus contributing to infusing the Free Space Optics & Visible Light Market size in the ensuing years.5


Global Free Space Optics & Visible Light Market Research Report: Forecast (2024-2030)

Global Free Space Optics & Visible Light Market Driver:

High Speed Transmission Driving the Demand for FSO & VLC – The escalating demand for high-speed data transmission & internet connectivity represents a fundamental driving force behind the Free Space Optics (FSO) and Visible Light Communication (VLC) Market. In a digital age characterized by data-intensive applications, including video streaming, cloud computing, and Internet of Things (IoT) devices, there is a growing demand for communication technologies to deliver large volumes of data swiftly & reliably. Hence, to cater to this demand, FSO & VLC service-providing companies are developing and launching new products to achieve gigabit-per-second data rates. For instance:

  • In 2023, Raytheon Technologies announced the launch of NexGen Optix, a tactical Free-Space Optical Communications system that enables high-speed, secure data transfer in challenging environments.

This exceptional speed and bandwidth capacity make them highly attractive solutions for addressing the surging data requirements across a multitude of applications & industries. In essence, they are positioned to fulfill the demands of today's data-driven world, moving the FSO & VLC Market forward.

Global Free Space Optics & Visible Light Market Opportunity:

Visible Light Communication (VLC): Enhancing Indoor Wireless Connectivity & Security – Visible Light Communication (VLC) stands out as a promising technology, addressing the need for increased indoor wireless communication capacity & heightened security. It offers a cost-effective solution for duplex communication in home environments, catering to small LAN requirements effectively. With the advent of the 4G system, a surge in consumer demand for greater bandwidth became evident. Hence, to meet this growing need, the introduction of 5G & anticipated 6G systems featuring heterogeneous access techniques has been on the horizon. For instance:

  • In 2023, researchers at Fudan University in China are at the forefront of exploring 6G visible light communication to achieve terabit-per-second data rates.

VLC technology is exceptionally versatile, finding applications in smart stores, streetlights, hospitals, and even hazardous environments. Its increasing adoption & seamless integration into a myriad of applications positions VLC providers favorably in the market, promising substantial opportunities in the years to come.

Global Free Space Optics & Visible Light Market Challenge:

Reliability Challenges Hindering Free Space Optics & Visible Light Market Growth – The market for Free Space Optics (FSO) & Visible Light Communication (VLC) faces a significant challenge in terms of reliability. This challenge primarily stems from signal degradation during transmission, often caused by environmental interference factors like fog and scintillation. Additionally, physical barriers such as birds and trees could also disrupt signal propagation.

The adverse effects of the atmosphere on optical beams intensify with longer link distances, raising concerns about the trustworthiness of these technologies. Thus, to address these issues, companies invest substantial resources, adding to the overall cost. Consequently, the increased cost implications can hinder the widespread adoption of FSO and VLC in various industries, impacting their scalability in the forecast years.

Global Free Space Optics & Visible Light Market (2024-30): Segmentation Analysis

The Global Free Space Optics & Visible Light Market study by MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. In accordance to the analysis, the market has been further classified as:

Based on Application:

  • Mobile Backhaul
  • Disaster Recovery
  • Enterprise Connectivity
  • Data Transmission
  • Security & Surveillance

Mobile Backhaul is witnessing a growing demand for Free Space Optics (FSO) technology, particularly in urban areas. The ever-expanding volume of mobile data traffic, driven by the proliferation of smartphones and the advent of 5G networks, necessitates high-capacity, low-latency backhaul solutions. FSO technology stands out as an efficient and cost-effective means of establishing robust communication links between cell towers and the core network.

In urban environments, where physical constraints and the high cost of laying traditional cables often pose challenges, FSO offers a viable alternative. Its ability to swiftly deploy high-capacity links with low latency and minimal interference makes it well-suited for addressing the surge in mobile data demand. Consequently, FSO's role in mobile backhaul applications aligns with the growing need for dependable and high-speed data transmission, driving Free Space Optics & Visible Light Market in this sector.

Global Free Space Optics & Visible Light Market (2024-30): Regional Projection

Geographically, the Global Free Space Optics & Visible Light Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  •  Asia-Pacific

North America has been an early adopter of advanced technologies, including FSO & VLC. These regions have seen significant interest in VLC applications, especially in smart city projects and IoT connectivity. North America, in particular, has a strong focus on technology innovation, which can drive demand for FSO and VLC.

Moreover, the Asia-Pacific region, on the other hand, has also shown rapid growth in various technology sectors, and its increasing adoption of IoT and wireless communication solutions may also drive demand for FSO and VLC technologies, thus enhancing the Free Space Optics & Visible Light Market.

Global Free Space Optics & Visible Light Industry Recent Development:

  • 2023: PureLifi Limited launched the light antenna one optical communications module at the mobile world congress in Barcelona.
  • 2023: Visat Inc. introduced the cutting-edge mercury free space optical communications terminal at the US special operations command technical experimentation.

Gain a Competitive Edge with Our Global Free Space Optics & Visible Light Market Report

  • Global Free Space Optics & Visible Light Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Free Space Optics & Visible Light Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Free Space Optics & Visible Light Market is expected to grow at a compound annual growth rate (CAGR) of around 37.18% from 2024 to 2030.

   A. The Free Space Optics & Visible Light Market size is valued at around USD 3.5 billion in 2023.

   A. The high speed transmission is expected to drive the Free Space Optics & Visible Light Market during 2024-30.

   A. The top players in the Free Space Optics & Visible Light Market are 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.

   A. Mobile Backhaul held for the largest Free Space Optics & Visible Light Market share.

   A. North America would present growth prospects in the Free Space Optics & Visible Light Market during 2024-30.

   A. The indoor wireless connectivity for visible light is the growth opportunity driving the Free Space Optics & Visible Light Market.

Global Free Space Optics & Visible Light Market Research Report (2024-2030) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Free Space Optics & Visible Light Market Trends & Developments
  5. Global Free Space Optics & Visible Light Market Dynamics
    1. Drivers
    2. Challenges
  6. Impact of AI & Machine Learning on Global Free Space Optics (FSO) & Visible Light Communication System Market
  7. Global Free Space Optics & Visible Light Market Porter Five Analysis
  8. Global Free Space Optics & Visible Light Market Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Funding Received by Top Companies
    3. Key Investors Active in the Market
    4. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  9. Global Free Space Optics & Visible Light Market Regulations, Policies & Standards
  10. Global Free Space Optics & Visible Light Hotspot & Opportunities
  11. Global Free Space Optics & Visible Light Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Size & Analysis
      1. By Type
        1. Free Space Optics- Market Size & Forecast 2019-2030, USD Million
        2. Visible Light- Market Size & Forecast 2019-2030, USD Million
      2. By Component
        1. Transmitter- Market Size & Forecast 2019-2030, USD Million
        2. Transceiver- Market Size & Forecast 2019-2030, USD Million
        3. Receiver- Market Size & Forecast 2019-2030, USD Million
        4. Modulator & Demodulator- Market Size & Forecast 2019-2030, USD Million
        5. Others- Market Size & Forecast 2019-2030, USD Million
      3. By Range
        1. Short-range- Market Size & Forecast 2019-2030, USD Million
        2. Medium-range- Market Size & Forecast 2019-2030, USD Million
        3. Long-range- Market Size & Forecast 2019-2030, USD Million
      4. By Application
        1. Mobile Backhaul - Market Size & Forecast 2019-2030, USD Million
        2. Disaster Recovery - Market Size & Forecast 2019-2030, USD Million
        3. Enterprise Connectivity- Market Size & Forecast 2019-2030, USD Million
        4. Data Transmission- Market Size & Forecast 2019-2030, USD Million
        5. Security & Surveillance- Market Size & Forecast 2019-2030, USD Million
        6. Others (Storage Area Network, Last-Mile Access, etc.)- Market Size & Forecast 2019-2030, USD Million
      5. By End User
        1. IT & Telecom- Market Size & Forecast 2019-2030, USD Million
        2. Military & Defense- Market Size & Forecast 2019-2030, USD Million
        3. Aerospace- Market Size & Forecast 2019-2030, USD Million
        4. Manufacturing & Automotive- Market Size & Forecast 2019-2030, USD Million
        5. Retail- Market Size & Forecast 2019-2030, USD Million
        6. Healthcare- - Market Size & Forecast 2019-2030, USD Million
        7. Others (Traffic, Government, etc.) - Market Size & Forecast 2019-2030, USD Million
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      7. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  12. North America Free Space Optics & Visible Light Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By Range- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    4. Canada Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    5. Mexico Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
  13. South America Free Space Optics & Visible Light Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By Component- Market Size & Forecast 2019-2030, USD Million
      3. By Range- Market Size & Forecast 2019-2030, USD Million
      4. By Application- Market Size & Forecast 2019-2030, USD Million
      5. By End User- Market Size & Forecast 2019-2030, USD Million
      6. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
  14. Europe Free Space Optics & Visible Light Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By Range- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    3. Germany Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    4. The UK Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    5. France Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    6. Spain Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    7. Italy Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
  15. The Middle East & Africa Free Space Optics & Visible Light Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By Range- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
  16. Asia-Pacific Free Space Optics & Visible Light Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By Range- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. China
        2. Japan
        3. India
        4. Rest of Asia-Pacific
    3. China Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    4. Japan Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
    5. India Free Space Optics & Visible Light Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By Range- Market Size & Forecast 2019-2030, USD Million
  17. Global Free Space Optics & Visible Light Market Key Strategic Imperatives for Success & Growth
  18. Competitive Outlook
    1. Company Profiles 
    2. Electronic Waste
      1. CACI International Inc.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. fSONA Networks Corporation
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Pure Lifi Limited
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Mostcom Ltd.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Lightpointe Communications, Inc.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Airlinx Communications, Inc.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Trimble Hungary Kft.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Cailabs                 
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Collinear Networks, Inc.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Anova Technologies Inc.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11.  Laser Light Communications
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Laser Optronics Inc.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Optelix Pty Ltd.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Wireless Excellence Ltd.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Fog Optics Inc.
        1. Business Description
        2. Range Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  19. Disclaimer


Free Space Optics (FSO) & Visible Light Market Segmentation