Visible Light Communication Market: Global Industry Analysis and Forecast (2024-2030)

Visible Light Communication Market size is expected to reach nearly US $ 9110.13 Mn by 2030 with the CAGR of 32.17% during the forecast period.
Visible Light Communication Market Overview:
Visible Light Communication (VLC) systems are used for creating ultra-high-speed, secure, and biologically friendly communication networks that permit the formation and expansion of unified computing applications. Such systems use modified light wavelengths emitted by a variety of sources, such as outdoor and indoor illumination, signals, display boards, televisions, computer screens, digital cameras and digital cameras on mobile phones for communication purposes, primarily through the use of Light Emitting Diodes (LEDs).To know about the Research Methodology :- Request Free Sample Report

Visible light communication will exclude the need for other wireless technologies, such as Infrared (IR), Bluetooth and Wi-Fi which emit Electromagnetic interference (EMI) and RF waves that are harmful to not just instruments/devices but humans too. Thus, market is in exponential growing phase and estimated to grow with high CAGR of xx.xx% worldwide in forecast period.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Visible Light Communication Market Dynamics:
The major driving factor behind the growth of the high-speed Visible light communication (VLC) is the rapidly growing presence of LEDs in almost every signaling or lighting thing. LED bulbs can transmit at high speeds that were not possible with conventional light bulb technologies such as fluorescent and incandescent lights. Thus, there would be boom of new energy-efficient lighting installations in the forecasted period, which majorly would be of LED-based. According to global research, the LED base in the lighting market is likely to reach 67% worldwide in 2023. Hence this would bring the high growth in the forecasted period 2024-2030

Growing popularity and utilization of wireless applications is another important driver for Visible light communication (VLC) systems. The problem of bottleneck of the radio spectrum used by Wi-Fi and cellular radio systems is additionally demanding the investments for the development of the market for Visible light communication (VLC). Moreover, technology advancements addressing challenges, like, reliability and network coverage issues, line of sight (LOS) requirements and complexities in system setup would further increase the popularity and adoption of VLC technology.

Yet, lack of awareness about VLC technology may impact adversely to the growth of the visible light communication market. Since the advancements in the technology are consistently happening, which are expected to open up new opportunities for the application of this technology, in the forecasted period.
Visible Light Communication Key Market Trends:
Automotive and Transportation Segment Expected to Witness a Significant Growth
The increasing population and vehicles on the road creating tremendous challenges for the traffic management. The volume of data transmitted through Wi-Fi on the street is neither sufficient nor secure for efficient management. On other hand of traffic management, an encouraging application for VLC is in vehicle-to-vehicle and vehicle-to-infrastructure communication.

As traffic lights use LED lighting, it is an emerging opportunity in traffic management systems, like roadside lights and traffic signals using VLC. For instance, street lights interconnecting with a walker’s VLC-equipped smartphone can control vehicle traffic, allowing walkers to cross a street.

Most car headlights and tail lights are being replaced with LEDs. VLC can transform these LEDs for car-to-car communication. This influence can improve anti-collision systems and enable the range information exchange between vehicles. Conversely, the efficiency of these intelligent traffic systems may be affected due to noise, which may impact the adoption rate of VLC systems.
North America to Account for the Largest Market Share
Advanced technological solutions, such as artificial intelligence, sustainable energy projects, big data analytics and the increasing investment in R&D of the sector drives the VLC market growth of the North America. The United States is the most prominent market for VLC technology, along with rapidly emerging 5G technology to increase market share with huge investments by key players of the wireless and internet service providers. The lighting industry is taking on new business opportunities through VLC, as data transmission rules all the major sectors in the United States, with the government sector as well. The United States is one of the high capacity and provides the super-fast broadband networks, which boost the adoption of VLC opportunities.
Visible Light Communication Market Objective of the Report:
The objective of the report is to present a comprehensive analysis of the Global Visible Light Communication Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Visible Light Communication Market dynamics, structure by analyzing the market segments and project the Global Visible Light Communication Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Visible Light Communication Market make the report investor’s guide.
Scope of the Global Visible Light Communication Market Report: Inquire before buying



Global Visible Light Communication Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1292.98 Mn.


Forecast Period 2024 to 2030 CAGR:
32.17%
Market Size in 2030:
US $ 9110.13 Mn.


 Segments Covered:
by Component
LEDs (Light Emitting Diodes)
Photo Detector
Microcontroller
Software and Services


by Transmission Type
Unidirectional
Bidirectional


by Application
Consumer Electronics
Automotive
Infrastructure
Healthcare
Defense
Others



Visible Light Communication Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Visible Light Communication Market, Key Players are
1. Signify Holding
2. Acuity Brands Lighting, Inc.
3. Panasonic Corporation
4. Purelifi Ltd
5. Oledcomm
6. General Electric Company
7. Qualcomm Inc.
8. Koninklijke Philips NV
9. Wireless Excellence Limited
10. Renesas Electronics Corporation
11. Fraunhofer HHI
12. Lucibel
13. Visual Communications Company, LLC
Frequently Asked Questions:
1. Which region has the largest share in Global Visible Light Communication Market?
Ans: North America region holds the highest share in 2023.

2. What is the growth rate of Global Visible Light Communication Market?
Ans: The Global Visible Light Communication Market is growing at a CAGR of 32.17% during forecasting period 2024-2030

3. What is scope of the Global Visible Light Communication market report?
Ans: Global Visible Light Communication Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global market?
Ans: The important key players in the Global Visible Light Communication Market are – LVX System, Panasonic Corporation, Lucibel SA, Koninklijke Philips NV, Firefly Wireless Networks LLC, Bytelight Inc., Purelifi Ltd, Oledcomm, Outstanding Technology Co. Ltd, Axrtek Company, Firefly Wireless Networks LLC, General Electric Company, Toshiba Corporation, NEC Corporation, Samsung Electronics Co. Ltd., fSONA Networks, Nitto Denko Corporation, Casio Computer Co. Ltd., Qualcomm Inc., and Fujitsu Ltd.

5. What is the study period of this market?
Ans: The Global Visible Light Communication Market is studied from 2023 to 2030