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

Looking at the world by region, the Global Optical Wireless Communication Market can be broken down intoNorth America (that's the United States and Canada), South America, Asia (think China, Japan, India, and Korea), Europe, and "Other" places (like the Middle East, Africa, and the GCC). Right now, China and North America are the biggest users of Optical Wireless Communication. Why? Well, cities are getting bigger and better, people have more money to spend, and demand is just going up! Expect China and Japan to really lead the way in Asia. In general, things are looking pretty good for Optical Wireless Communication in these areas; we anticipate steady growth in the years to come.

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

We take a good look at the market from all angles, using both numbers and more nuanced qualities, breaking it down into understandable segments. We'll give you market value data in USD Billion for each of those segments and the smaller bits within them. We'll point out which regions and segments are likely to grow the fastest and be the most powerful. Expect a geographic breakdown, too, showing where the product/service is being used and the things influencing the market in each spot.

We'll also show you the competitive scenewho's on top, recent product launches, partnerships, expansions, and who's buying whom. Plus, detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for the big players. Finally, we’ll give you the current and future outlook for the industry, considering recent happenings (think growth opportunities, drivers, challenges, and restraints in both up-and-coming and mature regions). This includes a deep dive into the market using Porter's five forces analysis, and we'll even map out the Value Chain. We’ll walk you through the market dynamics and growth opportunities in the years ahead, and offer 6 months of analyst support after you buy.

Customization of the Report

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