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., Canada, 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.
Market Analysis and Insights: Global Visible Light Communication Market
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.
The visible light communication refers to the type of technology that utilizes light emitting diode as the source which has acquired characteristics of high speed flickering. The technology provides dual function of lighting and data communication simultaneously. It is considered cost effective and extensively suitable, and do not offer any sort of interference to RF.
The rise in the presence of LEDs in signaling or illumination entity across the globe acts as one of the major factors driving the growth of visible light communication market. The increase in demand for a secure, fast and reliable network across Li-Fi industry, and rise in spectrum crisis because of increased data usage influencing the network providers to switch towards robust and high efficiency internet services accelerate the market growth. The implementation of the LED-based lighting system in various applications such as in-flight communication, automotive & transport and smartphones, and high demand for mapping portals further influence the market. Additionally, increase in penetration of smartphones, increase in investments, rise in in the number of internet users, rapid digitization, expansion of end use industries and high data traffic in the developed countries positively affect the visible light communication market. Furthermore, high emergence of new applications such as IoT and 5G, and increase in demand for real-time traffic updates extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, applicability only for short-range communication applications and up-gradation of the existing lighting system to a communication system are expected to obstruct the market growth. Lack of technological awareness and lack of infrastructure for wireless technology in emerging countries are projected to challenge the visible light communication market in the forecast period of 2021-2028.
This visible light communication market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on visible light communication market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Visible Light Communication Market Scope and Market Size
The visible light communication market is segmented on the basis of component, transmission type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the visible light communication market is segmented into light emitting diodes, photodetectors, microcontrollers, and software and services.
- On the basis of transmission type, the visible light communication market is segmented into uni-directional and bi-directional.
- On the basis of application, the visible light communication market is segmented into consumer electronics, defense and security, transportation, public infrastructure, life sciences and other applications.
Visible Light Communication Market Country Level Analysis
The visible light communication market is analyzed and market size, volume information is provided by country, component, transmission type and application as referenced above.
The countries covered in the visible light communication market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the visible light communication market due to the growth of horticultural lighting, industrial & commercial and marine lighting within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the high manufacturing capacity of VLC components in countries such as Japan, Korea, and China.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Visible Light Communication Market Share Analysis
The visible light communication market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to visible light communication market.
The major players covered in the visible light communication market report are LightPointe Communications, Inc, Signify Holding, Oledcomm, LUCIBEL, pureLiFi, ACUITY BRANDS LIGHTING, INC., GENERAL ELECTRIC, LVX SYSTEM, Koninklijke Philips N.V., Velmenni OÜ, Zero1 Pte Ltd., Outstanding Technology Co., Ltd., Panasonic Corporation, Wireless Excellence Limited, Signify Holding., LVX SYSTEM, Supreme Architecture Inc., Lightbee, and Qualcomm Technologies, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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