What is Visible Light Communication Market Scope?
Visible Light Communication is also a subframe of optical wireless communication technology with a range of typically 400 and 800 THz (780–375 nm). It is also a disruptive technology that is based on LEDs that offers a free spectrum and high data rate, moreover, it can potentially serve as an alternative technology to the current radio frequency standards. Due to rising advancements related to its high bandwidth and immunity to interference from electromagnetic sources is one of the prominent factors for using this product from both consumer side to use it as the manufacturer side to make it as per the requirements.
Market Growth Drivers:
Increasing preference for using visible light communication over RF communication system is pushing the end-user to purchase the product. Moreover, the rising advantages of these VLC such as high bandwidth and low power consumption for many applications likely Li-Fi, vehicle to vehicle communication, robots in hospitals many more are driving the market growth.
Challenges:
Concern Related with Receiver if it is Not in the Same Room and Lack of Awareness about this Technology can be a bit Challenging in this Market
Restraints:
Issues Related with Interference with the Ambient Light Sources and Integration of the VLC with Existing Technologies such as Wi-Fi
Opportunities:
Rising Advancements in Optoelectronic Devices are Further Expected to Provide Opportunity in this Market and Growing Electronics Esctors also Pulls the Market to a Different Level
The Visible Light Communication market study is being classified by Type (Light Emitting Diodes, Photodetectors, Microcontrollers and Software and Services), by Application and major geographies with country level break-up.
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Visible Light Communication market throughout the predicted period.
FSONA Networks (Canada), GE (United States), LVX System (United States), Nakagawa Laboratories (Japan), Oledcomm (France), Koninklijke Philips (The Netherlands), PureLiFi (United Kingdom), Broadcom Inc (United States), ByteLight (United States), IBSENtelecom (Denmark), Panasonic (Japan) and Renesas Electronics (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Lightbee (Spain), Luciom (France) and Plaintree Systems (Canada).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Visible Light Communication market by Type, Application and Region.
On the basis of geography, the market of Visible Light Communication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In 2021, Li-Fi Labs, Inc. launched a new range of Li-Fi-enabled LED bulbs, the LumiNex LiFi LED Panel. It provides a secure and private connection with a coverage area of 37 m2 (400 ft2). The newly launched panel can be used for both residential as well as commercial applications. Luminex LiFi LED Panel uses a hybrid visible light or infrared system that provides LiFi connectivity even when the lights are off.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
Visible Light Communication Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Visible Light Communication Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Visible Light Communication industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.