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
Report ID: 93110|No. of Pages: 202
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.
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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
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Broadcom, General Electric, Honeywell International, Panasonic, Philips Lighting, Acuity Brand Lighting, Bridgelux. |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
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
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL OPTICAL WIRELESS COMMUNICATION MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL OPTICAL WIRELESS COMMUNICATION MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL OPTICAL WIRELESS COMMUNICATION MARKET, BY TYPE
5.1 Overview
5.2 Visible Light Communication
5.3 Infrared Communication
5.4 Ultraviolet Communication
6 GLOBAL OPTICAL WIRELESS COMMUNICATION MARKET, BY INDUSTRY
6.1 Overview
6.2 Industrial
6.3 Transportation
6.4 Healthcare
6.5 Infrastructure/Defense
7 GLOBAL OPTICAL WIRELESS COMMUNICATION MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL OPTICAL WIRELESS COMMUNICATION MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Broadcom
9.1.1 Financial Performance
9.1.2 Product Outlook
9.1.3 Key Developments
9.2 General Electric
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Honeywell International
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Panasonic
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Philips Lighting
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Acuity Brand Lighting
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Bridgelux
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Harris
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Purelifi
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Qualcomm
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
9.11 Samsung Electronics
9.11.1 Overview
9.11.2 Financial Performance
9.11.3 Product Outlook
9.11.4 Key Developments
9.12 Others
9.12.1 Overview
9.12.2 Financial Performance
9.12.3 Product Outlook
9.12.4 Key Developments
10 Appendix
10.1 Related Research
List of Tables
TABLE 1 Global Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 2 Global Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 3 Global Optical Wireless Communication Market, By Geography, 2018 – 2027 (USD Million)
TABLE 4 North America Optical Wireless Communication Market, By Country, 2018 – 2027 (USD Million)
TABLE 5 North America Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 6 North America Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 7 US Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 8 US Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 9 Canada Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 10 Canada Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 11 Mexico Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 12 Mexico Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 13 Europe Optical Wireless Communication Market, By Country, 2018 – 2027 (USD Million)
TABLE 14 Europe Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 15 Europe Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 16 Germany Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 17 Germany Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 18 UK Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 19 UK Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 20 France Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 21 France Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 22 Rest of Europe Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 23 Rest of Europe Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 24 Asia-Pacific Optical Wireless Communication Market, By Country, 2018 – 2027 (USD Million)
TABLE 25 Asia-Pacific Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 26 Asia-Pacific Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 27 China Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 28 China Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 29 Japan Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 30 Japan Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 31 India Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 32 India Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 33 Rest of Asia-Pacific Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 34 Rest of Asia-Pacific Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 35 RoW Optical Wireless Communication Market, By Country, 2018 – 2027 (USD Million)
TABLE 36 RoW Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 37 RoW Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 38 Middle East and Africa Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 39 Middle East and Africa Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 40 Latin America Optical Wireless Communication Market, By Type, 2018 – 2027 (USD Million)
TABLE 41 Latin America Optical Wireless Communication Market, By Industry, 2018 – 2027 (USD Million)
TABLE 42 Broadcom.: Product Benchmarking
TABLE 43 Broadcom.: Key Development
TABLE 44 General Electric: Product Benchmarking
TABLE 45 General Electric: Key Development
TABLE 46 Honeywell International: Product Benchmarking
TABLE 47 Honeywell International: Key Development
TABLE 48 Panasonic: Product Benchmarking
TABLE 49 Panasonic: Key Development
TABLE 50 Philips Lighting: Product Benchmarking
TABLE 51 Philips Lighting: Key Development
TABLE 52 Acuity Brand Lighting: Product Benchmarking
TABLE 53 Acuity Brand Lighting: Key Development
TABLE 54 Bridgelux.: Product Benchmarking
TABLE 55 Bridgelux.: Key Development
TABLE 56 Harris.: Product Benchmarking
TABLE 57 Harris.: Key Development
TABLE 58 Purelifi: Product Benchmarking
TABLE 59 Purelifi: Key Development
TABLE 60 Samsung Electronics: Product Benchmarking
TABLE 61 Samsung Electronics: Key Development
List of Figures
FIGURE 1 Global Optical Wireless Communication Market Segmentation
FIGURE 2 Research Timelines
FIGURE 3 Data Triangulation
FIGURE 4 Market Research Flow
FIGURE 5 Data Sources
FIGURE 6 Global Optical Wireless Communication Market Overview
FIGURE 7 Global Optical Wireless Communication Market Geographical Analysis, 2020-2027
FIGURE 8 Global Optical Wireless Communication Market, By Type (USD Million)
FIGURE 9 Global Optical Wireless Communication Market, By Industry (USD Million)
FIGURE 10 Future Market Opportunities
FIGURE 11 Porters Five Force Model
FIGURE 12 COVID-19 Analysis
FIGURE 13 Global Optical Wireless Communication Market Geographical Analysis, 2017-2027
FIGURE 14 Global Optical Wireless Communication Market, By Type (USD Million)
FIGURE 15 Global Optical Wireless Communication Market, By Industry (USD Million)
FIGURE 16 North America Snapshot
FIGURE 17 North America Optical Wireless Communication Market Share, By Country, 2019
FIGURE 18 Europe Snapshot
FIGURE 19 Europe Optical Wireless Communication Market Share, By Country, 2019
FIGURE 20 Asia-Pacific Snapshot
FIGURE 21 Asia-Pacific Optical Wireless Communication Market Share, By Country, 2019
FIGURE 22 RoW Snapshot
FIGURE 23 RoW Optical Wireless Communication Market Share, By Country, 2019
FIGURE 24 Key Strategic Developments
FIGURE 25 Broadcom. Company Insight
FIGURE 26 SWOT Analysis: Broadcom.
FIGURE 27 General Electric Company Insight
FIGURE 28 SWOT Analysis: General Electric
FIGURE 29 Honeywell International Optical Wireless Communication MarketCompany Insight
FIGURE 30 SWOT Analysis: Honeywell International
FIGURE 31 Panasonic Company Insight
FIGURE 32 Philips Lighting Company Insight
FIGURE 33 Acuity Brand Lighting Company Insight
FIGURE 34 Bridgelux. Company Insight
FIGURE 35 Harris. Company Insight
FIGURE 36 Purelifi Company Insight
FIGURE 37 Saint-Gobain Company Insight
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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