MarketsandMarkets Presents

Asia Pacific market to offer significant opportunities during forecast period

Asia Pacific is the leading FSO & VLC/Li-Fi market, with significant demand from China, India, and Japan. The region held the largest share of the FSO & VLC/Li-Fi industry in 2022. The market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Asia Pacific has the world’s largest customer base, and digital technologies adopted in this region have tremendous potential for transformation. The rise in the number of manufacturing facilities, the rapid development of telecommunication infrastructure, and the growing demand for CAD are favoring the growth of the FSO market in the region.

Key players