Global Optical Wireless Communication Market Size By Type (Visible light Communication, Infrared Communication), By Industry (Industrial, Transportation, Healthcare, Infrastructure/Defense), By Geographic Scope And Forecast

Optical Wireless Communication Market Size And Forecast

Optical Wireless Communication Market size was valued at USD 23.4 Billion in 2024 and is projected to reach USD 44.6 Billion by 2031, growing at a CAGR of 8.40% from 2024 to 2031.

The rise in the use of internet users and the increase in the use and implementation of cloud computing resulting in the increasing growth of data centers thereby propelling the market growth. The increasing technological advancement by containing the 5G and other various technologies leads to an increase in telecom applications. The Global Optical Wireless Communication Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Optical Wireless Communication Market Definition

Optical Wireless communication refers to the form of communication in which infrared (IR) unguided visible or ultraviolet (UV) light is used to carry a signal. Optical Wireless Communication is also known as visible light communication, operating in a visible band 390-750nm. It takes advantage of LEDs ( light emitting diodes) which can be pulsed at very great speed without noticing the effect of lightning output or to the human eyes.

VLC can be used in a wide range of applications like wireless local area networks, vehicular networks among others and wireless personal area networks. Terrestrial point-to-point OWC systems also referred as the free space optical systems, operate at the near IR frequencies (750–1600 nm). These systems use laser transmitters, provides a potential solution for the backhaul bottleneck and offer a cost-effective protocol-transparent link with high data rates, i.e., 10 Gbit/s per wavelength.

Global Optical Wireless Communication Market Overview

The rise in the use of internet users and the increase in the use and implementation of cloud computing resulting in the increasing growth of data centers thereby propelling the market growth. The increasing technological advancement by containing the 5G and other various technologies leads to an increase in telecom applications. Also, the growing trend of high-speed computing would result in major opportunities for enterprise verticals.

Optical wireless communication with greater than 100 Gbps data rates is designed to grant data security in the high-capacity short-haul enterprise, campus networks, and broadband networks, high-bandwidth connectivity and cloud computing, metro and long-haul network applications up to 2,500 km.

Global Optical Wireless Communication Market Segmentation Analysis

The Global Optical Wireless Communication Market is Segmented on the basis of Type, Industry, And Geography.

Optical Wireless Communication Market, By Type

• Visible light Communication• Infrared Communication• Ultraviolet Communication

Based on Type, The market is bifurcated into Visible light Communication, Infrared Communication, Ultraviolet Communication. The growing demand for Optical wireless software material is due to its cost efficiency and easy availability.

Optical Wireless Communication Market, By Industry

• Industrial• Transportation• Healthcare• Infrastructure/Defense

Based on Industry, The market is segmented into Industrial, Transportation, Healthcare, Infrastructure/Defense.

Optical Wireless Communication Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on Regional Analysis, The Global Optical Wireless Communication Market is classified into North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country, Other Country (Middle East, Africa, GCC). The China, North America is the largest consumer of Optical Wireless Communication Market. This growth is mainly attributed to the increasing urbanization & modernization, increasing personal disposable income and growing demand. China, Japan to be the largest contributor to the Optical Wireless Communication Market in the region. The Optical Wireless Communication Market in these regions is expected to expand at a moderate pace in the near future.

Key Players

The “Global Optical Wireless Communication Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Broadcom, General Electric, Honeywell International, Panasonic, Philips Lighting, Acuity Brand Lighting, Bridgelux, Harris, Purelifi, Qualcomm, Samsung Electronics, Sharp, Taiyo Yuden, Toshiba, Vishay Intertechnology. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• In April 2019, Cisco partnered with PLDT a leading digital service provider in the Philippines.

• In March 2020, STC and Huawei shook hands and inked a go-to-market strategic agreement to enhance their services.

• In March 2021, Huawei and Temenos announced their technology partnership agreement.

Mergers and Acquisitions

• In October 2019, Ciena acquired privately-held Centina, a leading provider of service assurance analytics and network performance management solutions.

• In January 2021, Cisco took over Acacia in a $4.5 billion acquisition agreement, aiming to consolidate its position in the global market.

Product Launches and Product Expansions

• In March 2019, Huawei introduced the world’s first single-wavelength 50G passive optical network (PON) prototype, that can enable 50 Gbps downstream transmission rates.

• In January 2019, Infinera expanded its portfolio of metro packet-optical solutions with the introduction of the Infinera 7100 PSX-3S platform.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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