Visible Light Communication Market – Future Scope, Demands And Projected Market Growth Till 2022
Visible light communication (VLC) is a data communications alternate which uses visible light between 400 and 800 THz. Visible light communication is a wireless technology that uses light generated by LED bulbs to provide a network for high-speed communication. This technology is known to be a lot cheaper and more efficient than Wi-Fi. The market for Visible light communication is expected to grow at a CAGR of 64% in the forecasted period of five years.
The market for Visible light communication has been growing due to demand for safer and faster wireless technology. With growing new technology reach to youngsters and use of wireless technology for most of them, the market has widened. The target audience for Visible communication market are Raw material and manufacturing equipment suppliers, Electronic design automation (EDA) and design tool vendors, Product manufacturers and suppliers, Component manufacturers, Original equipment manufacturers (OEMs), Integrated device manufacturers (IDMs), Original design manufacturers (ODMs), ODM and OEM technology solution providers, Assembly, testing, and packaging vendors, Technology, service, and solution providers, Intellectual property (IP) core and licensing providers, Suppliers and distributors.
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The major factor behind the growth of market for visible light communication is availability of high bandwidth. The visible light bandwidth spectrum is wider than that offered by radio frequency. This higher bandwidth helps get higher transfer rates and accommodation of more number of users.
The market for Visible light communication market can be segmented into five major segments. These are Indoor Networking, Location based services, underwater communication, intelligent traffic systems and in – flight communication and entertainment. Among these segments, the indoor networking segment has been growing exponentially, with a CAGR of almost 65% in the forecasted period of five years.
The major regions for Visible Light communication market are America, Europe and Asia Pacific. Among these, America is the largest contributor to VLC market with a CAGR as high as 65% in the forecasted period. It is expected to dominate the industry and hold its position because of expansion of faster wireless technology in this region.
The key players of Visible light communication market are fSONA Networks, LightPointe Communications, Nakagawa Laboratories, Oledcomm – France, Outstanding Technology, pureLiFi, Avago Technologies, ByteLight, Casio, LightBee, Lvx System, Panasonic, Philips, and Plaintree Systems.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
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