Market Overview:
The global visible light communication market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-speed data transmission and rising applications of VLC technology. The global visible light communication market by type is segmented into up to 1 Mb/s transmit signals and above 1 Mb/s transmit signals. The up to 1 Mb/s transmit signals segment is expected to account for the majority share of the global VLC market in 2018, owing to its low cost and easy implementation as compared with other types of signal transmission technologies. However, the above 1 Mb/s transmit signals segment is projected to grow at a higher CAGR during the forecast period, owingto its growing demand for high-speed data transmission across various applications.
Product Definition:
Visible light communication (VLC) is a type of optical wireless communications that uses visible light to transmit data. It is a subset of optical communication. VLC is also known as Li-Fi, which stands for Light Fidelity.
Up to 1Mb/s Transmit Signals:
VLC market is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to technological advancements and the advent of new applications in healthcare, smart home, retail & e-commerce sectors. VLC has been widely used in these verticals due to its low cost and high speed compared to other commercial internet protocols such as BitTorrent, HSDPA+, etc.
Above 1Mb/s Transmit Signals:
VLC market is expected to grow at a significant rate owing to increasing demand for higher data rates. The Visible Light Communication (VLC) market has been witnessing growth over the past few years on account of technological advancements and growing adoption of this technology in consumer electronic products such as smartphones, tablets, and wearable devices. Increasing demand for high data rates up-gradation from 1Mb/s to 3Mb/s is one of the key factors driving VLC market growth.
Application Insights:
Based on applications, the global visible light communication market has been segmented into retail indoor positioning, underwater communication, hospitality, automotive and transport connected devices, in-flight communication and other applications. The retail indoor positioning application is projected to dominate the overall industry over the forecast period owing to its rising adoption in smartphones with built-in Global Positioning System (GPS).
The undersea application is expected to witness significant growth over the forecast period owing to its rising adoption for military purposes. Underwater lights communicate information pertaining to water depths; temperature; salinity; oxygen levels etc., which helps divers maintain a safe depth while diving by providing real-time data on these parameters. Furthermore, it also enables two way communications between divers by generating light signals that can be detected using an inflatable lifeline or surface marker buoy. Such technological advancements are likely drive demand for VLC from various end-use industries such as maritime & offshore oil & gas production and marine services among others.
Regional Analysis:
North America is expected to be the fastest-growing region over the forecast period owing to increasing demand for higher bandwidth and better connectivity. The U.S. military has been making significant investments in VLC technology, which is further anticipated to drive regional growth over the next eight years. Europe accounted for more than 25% of global market share in terms of revenue in 2017 on account of high adoption by service providers for video streaming applications and data communication across large spaces such as airports, corporate buildings, sports stadiums, etc.
Asia Pacific was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for high-speed data transmission: The need for high-speed data transmission is increasing with the growth of the Internet of Things (IoT) and other connected devices. VLC offers a potential solution to meet this demand by providing faster data transfer rates than traditional wireless technologies.
- Increased use of LED lighting: LED lighting is becoming increasingly popular due to its energy efficiency and long lifespan. LEDs can be used as transmitters and receivers for VLC, which could help drive wider adoption of the technology.
- Development of new applications: As VLC technology continues to evolve, new applications are being developed that could benefit from its features, such as secure communication and low latency transmission.
- Growing interest from investors: There has been growing interest in VLC from investors in recent years, with several companies investing in or acquiring related startups. This could help spur further development and adoption of the technology.
Scope Of The Report
Report Attributes
Report Details
Report Title
Visible Light Communication Market Research Report
By Type
Up to 1Mb/s Transmit Signals, Above 1Mb/s Transmit Signals
By Application
Retail Indoor Positioning, Underwater Communication, Hospitality, Automotive And Transport, Connected Devices, In-Flight Communication, Others
By Companies
FSONA Networks, GE, LightPointe Communications, LVX System, Nakagawa Laboratories, Oledcomm, Outstanding Technology, Koninklijke Philips, PureLiFi, Avago Technologies, Axrtek, ByteLight, Casio, IBSENtelecom, Lightbee, Luciom, Panasonic, Plaintree Systems, Renesas Electronics, Supreme Architecture
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Visible Light Communication Market Report Segments:
The global Visible Light Communication market is segmented on the basis of:
Types
Up to 1Mb/s Transmit Signals, Above 1Mb/s Transmit Signals
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Indoor Positioning, Underwater Communication, Hospitality, Automotive And Transport, Connected Devices, In-Flight Communication, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FSONA Networks
- GE
- LightPointe Communications
- LVX System
- Nakagawa Laboratories
- Oledcomm
- Outstanding Technology
- Koninklijke Philips
- PureLiFi
- Avago Technologies
- Axrtek
- ByteLight
- Casio
- IBSENtelecom
- Lightbee
- Luciom
- Panasonic
- Plaintree Systems
- Renesas Electronics
- Supreme Architecture
Highlights of The Visible Light Communication Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Up to 1Mb/s Transmit Signals
- Above 1Mb/s Transmit Signals
- By Application:
- Retail Indoor Positioning
- Underwater Communication
- Hospitality
- Automotive And Transport
- Connected Devices
- In-Flight Communication
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Visible Light Communication Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Visible light communication (VLC) is a technology that uses visible light to send and receive data. It can be used for things like sending messages, controlling devices, or tracking objects.
Some of the major players in the visible light communication market are FSONA Networks, GE, LightPointe Communications, LVX System, Nakagawa Laboratories, Oledcomm, Outstanding Technology, Koninklijke Philips, PureLiFi, Avago Technologies, Axrtek, ByteLight, Casio, IBSENtelecom, Lightbee, Luciom, Panasonic, Plaintree Systems, Renesas Electronics, Supreme Architecture.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Visible Light Communication Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Visible Light Communication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Visible Light Communication Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Visible Light Communication Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Visible Light Communication Market Size & Forecast, 2020-2028
4.5.1 Visible Light Communication Market Size and Y-o-Y Growth
4.5.2 Visible Light Communication Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Up to 1Mb/s Transmit Signals
5.2.2 Above 1Mb/s Transmit Signals
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Retail Indoor Positioning
6.2.2 Underwater Communication
6.2.3 Hospitality
6.2.4 Automotive And Transport
6.2.5 Connected Devices
6.2.6 In-Flight Communication
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Visible Light Communication Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Visible Light Communication Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Up to 1Mb/s Transmit Signals
9.6.2 Above 1Mb/s Transmit Signals
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Retail Indoor Positioning
9.10.2 Underwater Communication
9.10.3 Hospitality
9.10.4 Automotive And Transport
9.10.5 Connected Devices
9.10.6 In-Flight Communication
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Up to 1Mb/s Transmit Signals
10.6.2 Above 1Mb/s Transmit Signals
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Retail Indoor Positioning
10.10.2 Underwater Communication
10.10.3 Hospitality
10.10.4 Automotive And Transport
10.10.5 Connected Devices
10.10.6 In-Flight Communication
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Up to 1Mb/s Transmit Signals
11.6.2 Above 1Mb/s Transmit Signals
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Retail Indoor Positioning
11.10.2 Underwater Communication
11.10.3 Hospitality
11.10.4 Automotive And Transport
11.10.5 Connected Devices
11.10.6 In-Flight Communication
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Up to 1Mb/s Transmit Signals
12.6.2 Above 1Mb/s Transmit Signals
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Retail Indoor Positioning
12.10.2 Underwater Communication
12.10.3 Hospitality
12.10.4 Automotive And Transport
12.10.5 Connected Devices
12.10.6 In-Flight Communication
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Up to 1Mb/s Transmit Signals
13.6.2 Above 1Mb/s Transmit Signals
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Retail Indoor Positioning
13.10.2 Underwater Communication
13.10.3 Hospitality
13.10.4 Automotive And Transport
13.10.5 Connected Devices
13.10.6 In-Flight Communication
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Visible Light Communication Market: Competitive Dashboard
14.2 Global Visible Light Communication Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FSONA Networks
14.3.2 GE
14.3.3 LightPointe Communications
14.3.4 LVX System
14.3.5 Nakagawa Laboratories
14.3.6 Oledcomm
14.3.7 Outstanding Technology
14.3.8 Koninklijke Philips
14.3.9 PureLiFi
14.3.10 Avago Technologies
14.3.11 Axrtek
14.3.12 ByteLight
14.3.13 Casio
14.3.14 IBSENtelecom
14.3.15 Lightbee
14.3.16 Luciom
14.3.17 Panasonic
14.3.18 Plaintree Systems
14.3.19 Renesas Electronics
14.3.20 Supreme Architecture
