Visible Light Communication Market Growth overview and estimation report 2032 | Koninklijke Philips NV, Panasonic Corporation, PureLifi Ltd.
The Visible Light Communication (VLC) Market refers to the use of visible light for transmitting data, instead of traditional radio frequency (RF) signals. VLC technology uses LED lights to transmit data through modulations in the light’s intensity that are too fast for the human eye to detect. This technology is gaining popularity due to its high speed, security, and low interference with other wireless signals. The VLC market has various applications in sectors such as retail, healthcare, automotive, and transportation, among others. The increasing demand for high-speed internet and the growing adoption of smart lighting systems are driving the growth of the VLC market.
The report “Global Visible Light Communication Market, By Component (Light-emitting Diodes, Photodetectors, Microcontrollers, and Software), By Transmission Type (Unidirectional and Bidirectional), By Application (Consumer Electronics, Infrastructure, Automotive and Transportation, Defense and Security, Life Sciences, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030’’
Key Highlights:
- 2021 – July New LED driver ICs from On Semiconductor, the NCL31000 and NCL31001, make it easier to design solid-state lighting (SSL) products with smart-lighting feature sets that allow connection. Internet of Things (IoT) applications such as visible light communications (VLC) and indoor positioning will be supported by the LED driver ICs.
- Airbus Corporate Jets (ACJ) and Latecoere Interconnection Systems, a producer of electronic wire interconnection systems (EWIS), announced a partnership in May 2021. The cooperation will work on the Light Fidelity (Li-Fi) in-flight entertainment (IFE) monitor, which will be the first technology for next-generation communication systems developed by an aircraft manufacturer.
Analyst View:
The growing demand for low-power green technology solutions is spurring the development of innovative communication systems. VLC is a disruptive technology that is predicted to take over a significant amount of the Wi-Fi market in the near future. However, because adoption is still in its early stages and is currently being used for niche applications, market participants would benefit from a significant R&D investment to gain a competitive advantage. Li-Fi is a disruptive technology that has the potential to affect a wide range of sectors. Industry 4.0 applications, light-as-a-service (LaaS) in the lighting industry, ITS, enhanced road safety for semi-autonomous and autonomous cars, new ways of health monitoring for ageing societies, new cyber-secure wireless networks, new solutions to close the digital divide, and high-speed wireless connectivity in future data centres are all possible with Li-Fi. Li-Fi will play a critical mediating role in the relationship between two key industries: wireless communications and lighting. Li-Fi will be a key component of growing smart cities and Industry 4.0 in the next 5–10 years, serving a wide range of applications. As a result, VLC has enormous potential to deliver all of the features and services, as well as to aid in the rapid commercialization of IoT and 5G technologies by serving as a possible access option for their applications.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Visible Light Communication Market, By Component (Light-emitting Diodes, Photodetectors, Microcontrollers, and Software), By Transmission Type (Unidirectional and Bidirectional), By Application (Consumer Electronics, Infrastructure, Automotive and Transportation, Defense and Security, Life Sciences, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030”
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Scope of the Report:
- Global Visible Light Communication Market, By Component, 2020 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2032
- Y-o-Y Growth Analysis (%), 2020 – 2032
- Segment Trends
- Light-emitting Diodes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Photodetectors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Microcontrollers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Software
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Overview
- Global Visible Light Communication Market, By Transmission Type, 2020 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2032
- Y-o-Y Growth Analysis (%), 2020 – 2032
- Segment Trends
- Unidirectional
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Bidirectional
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Overview
- Global Visible Light Communication Market, By Application, 2020 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2032
- Y-o-Y Growth Analysis (%), 2020 – 2032
- Segment Trends
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Infrastructure
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Automotive & Transportation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Defence & Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Life Sciences
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Other Applications
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2032
- Overview
Top Key Players Profiled in this report are:
✤ Koninklijke Philips NV
✤ Panasonic, Corporation
✤ PureLifi Ltd.
✤ LVX System
✤ Oledcomm SAS
✤ Lucibel SA
✤ IDRO Co. Ltd.
✤ Firefly Wireless Networks LLC
✤ LightBee, Corporation
✤ Renesas Electronics Corporation
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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The research provides answers to the following key questions:
- What is the current market size of the Visible Light Communication (VLC) market, and what are the growth projections for the coming years?
- What are the major drivers, restraints, and opportunities for the VLC market, and how are they expected to impact market growth?
- What are the key applications of VLC technology across various industries, and how are they expected to evolve in the coming years?
- What are the different components of the VLC ecosystem, including hardware, software, and services, and what is the market share of each segment?
- Who are the major players operating in the VLC market, and what are their strategies for growth and innovation?
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