Optical Wireless Communication and LiFi Global Markets

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The global market for optical wireless communication should grow from $3.8 billion in 2018 to reach $72.1 billion by 2023 at a compound annual growth rate (CAGR) of 80.3% for the period of 2018-2023. This report provides an updated review of optical wireless communication giving a description of basic equipment configurations. It also identifies current and emerging applications for this technology. The analysis of current revenues is followed by a detailed presentation of market growth trends, based on industry growth, and industry and regional trends. The third section concludes by providing projected revenues for OWC systems within each segment, together with forecast compound annual growth rates (CAGRs) for the period 2018 through 2023.