Free Space Optics & Visible Light Market Hits USD 3.5 billion in 2023, Targets 37.18% CAGR Soar Until 2030

Global Free Space Optics & Visible Light Market

How big is the Global Free Space Optics & Visible Light market?

According to MarkNtel Advisors study, The Global Free Space Optics & Visible Light Market size was 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.

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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.

Leading Companies in the Global Free Space Optics & Visible Light market:

  • 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

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/free-space-optics-fso-visible-light-market.html

Global Free Space Optics & Visible Light Market Segmentation:

By Type

  • Free Space Optics- Market Size & Forecast 2019-2030, USD Million
  • Visible Light- Market Size & Forecast 2019-2030, USD Million

By Component

  • Transmitter- Market Size & Forecast 2019-2030, USD Million
  • Transceiver- Market Size & Forecast 2019-2030, USD Million
  • Receiver- Market Size & Forecast 2019-2030, USD Million
  • Modulator & Demodulator- Market Size & Forecast 2019-2030, USD Million
  • Others- Market Size & Forecast 2019-2030, USD Million

By Range

  • Short-range- Market Size & Forecast 2019-2030, USD Million
  • Medium-range- Market Size & Forecast 2019-2030, USD Million
  • Long-range- Market Size & Forecast 2019-2030, USD Million

By Application

  • Mobile Backhaul – Market Size & Forecast 2019-2030, USD Million
  • Disaster Recovery – Market Size & Forecast 2019-2030, USD Million
  • Enterprise Connectivity- Market Size & Forecast 2019-2030, USD Million
  • Data Transmission- Market Size & Forecast 2019-2030, USD Million
  • Security & Surveillance- Market Size & Forecast 2019-2030, USD Million
  • Others (Storage Area Network, Last-Mile Access, etc.)- Market Size & Forecast 2019-2030, USD Million

Mobile Backhaul is witnessing a growing demand for Free Space Optics (FSO) technology, particularly in urban areas.

By End User

  • IT & Telecom- Market Size & Forecast 2019-2030, USD Million
  • Military & Defense- Market Size & Forecast 2019-2030, USD Million
  • Aerospace- Market Size & Forecast 2019-2030, USD Million
  • Manufacturing & Automotive- Market Size & Forecast 2019-2030, USD Million
  • Retail- Market Size & Forecast 2019-2030, USD Million
  • Healthcare- – Market Size & Forecast 2019-2030, USD Million
  • Others (Traffic, Government, etc.) – Market Size & Forecast 2019-2030, USD Million

Regional/ Countries Insight:

  • 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.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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