Visible Light Communication Market Size, Share, Trends, Industry Growth and Competitive Outlook
Visible Light Communication Market Size, Share, Trends, Industry Growth and Competitive Outlook
Blog Article
Visible Light Communication Market – Industry Trends and Forecast to 2028
Global Visible Light Communication Market, By Component (Light Emitting Diodes, Photodetectors, Microcontrollers, Software and Services), Transmission Type (Uni-directional, Bi-directional), Application (Consumer Electronics, Defense and Security, Transportation, Public Infrastructure, Life Sciences, Other Applications), Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The visible light communication market is expected to witness market growth at a rate of 127.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on visible light communication market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand from various industry verticals is escalating the growth of visible light communication market.
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**Segments**
- Based on component, the visible light communication market can be segmented into LEDs, photodetectors, microcontrollers, and software. LEDs are integral to transmitting data using visible light technology, while photodetectors are essential for receiving the signal. Microcontrollers play a crucial role in processing the data, and software is necessary for managing the communication protocols and ensuring efficient data transfer.
- On the basis of transmission type, the market can be categorized into unidirectional and bidirectional communication. Unidirectional communication involves data transmission in one direction, commonly used for applications such as indoor positioning systems. Bidirectional communication allows data transfer in both directions, enabling applications like internet connectivity through visible light.
- By application, the visible light communication market can be classified into indoor networking, underwater communication, intelligent vehicle systems, location-based services, and in-flight entertainment. Indoor networking remains the dominant segment due to the increasing demand for high-speed and secure data communication in indoor environments. Underwater communication and intelligent vehicle systems are emerging segments with the potential for significant growth in the coming years.
**Market Players**
- Signify (formerly Philips Lighting)
- Panasonic Corporation
- General Electric
- LVX System
- Oledcomm
- PureLiFi
- Lucibel
- Lightbee Corp
- Acuity Brands
- IBSENtelecom
These market players are actively involved in product development, partnerships, and strategic collaborations to enhance their visibility in the visible light communication market. Signify, with its strong presence and wide range of lighting solutions, stands out as a key player in the market. Companies like Panasonic Corporation and General Electric are leveraging their technological capabilities to innovate in this space. Startups such as PureLiFi and Lightbee Corp are focusing on niche applications and pushing the boundaries of visible light communication technology.
The visible light communication market is projected to witness significant growth in the forecast period, driven by the increasing demand for high-speed data transmission, the proliferation of smart devices, and theThe visible light communication (VLC) market is poised for substantial growth in the upcoming years, owing to several key drivers fueling its expansion. Increasing demand for high-speed data transmission and the proliferation of smart devices are primary factors propelling the VLC market's growth. With the rise of IoT devices and the need for seamless connectivity in various applications, VLC technology presents a viable solution for efficient data transfer. The ability of VLC to complement existing wireless communication technologies, such as Wi-Fi and Bluetooth, by providing additional bandwidth and enhancing security, further boosts its market potential.
Indoor networking emerges as a dominant application segment within the VLC market, driven by the need for high-speed and secure data communication in indoor environments. The deployment of VLC systems for indoor networking offers advantages such as interference-free communication, improved security, and increased data transfer speeds. As businesses and consumers alike continue to seek reliable and robust connectivity solutions, the demand for indoor VLC networking solutions is expected to surge.
The underwater communication segment represents an exciting opportunity for VLC technology, as traditional wireless communication technologies face challenges in underwater environments due to signal attenuation. VLC enables data transmission through water using visible light, offering a promising solution for underwater applications such as marine exploration, underwater monitoring, and offshore communication. The unique properties of visible light, including low attenuation and high directionality, make it well-suited for underwater communication requirements.
Intelligent vehicle systems constitute another burgeoning segment within the VLC market, driven by the evolution of connected and autonomous vehicles. VLC technology can enhance communication between vehicles, infrastructure, and pedestrians, enabling applications such as vehicle-to-vehicle (V2V) communication, vehicle-to-infrastructure (V2I) communication, and in-car connectivity. By leveraging VLC for intelligent vehicle systems, stakeholders in the automotive industry can improve road safety, traffic management, and overall transportation efficiency.
Location-based services (LBS) present a diverse set of opportunities for VLC technology, particularly in indoor environments such as shopping malls, airports, and museums. By utilizing VLC**Global Visible Light Communication Market**
- **Component:** Light Emitting Diodes, Photodetectors, Microcontrollers, Software and Services
- **Transmission Type:** Uni-directional, Bi-directional
- **Application:** Consumer Electronics, Defense and Security, Transportation, Public Infrastructure, Life Sciences, Other Applications
- **Country:** U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa Industry Trends and Forecast to 2028.
Visible Light Communication (VLC) technology is on the cusp of experiencing substantial growth, driven by key factors that are propelling its expansion in the market. The increasing demand for high-speed data transmission, coupled with the proliferation of smart devices, serves as primary drivers for the growth of the VLC market. With the advent of IoT devices and the necessity for seamless connectivity in various applications, VLC technology provides an efficient solution for data transfer needs. By complementing existing wireless communication technologies like Wi-Fi and Bluetooth, VLC offers additional bandwidth and enhanced security, further bolstering its appeal in the market.
The dominant application segment in the VLC market is indoor networking, where the need for high-speed
Visible Light Communication Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Visible Light Communication Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Table of Contents: Visible Light Communication Market
1 Introduction
2 Global Visible Light Communication Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Visible Light Communication Market, by Product Type
7 Visible Light Communication Market, by Modality
8 Visible Light Communication Market, by Type
9 Visible Light Communication Market, by Mode
10 Visible Light Communication Market, by End User
12 Visible Light Communication Market, by Geography
12 Visible Light Communication Market, Company Landscape
13 Swot Analysis
14 Company Profiles
Critical Insights Related to the Keyword Included in the Report:
- Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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