Press release
Global Visible Light Communication Market Will grow at a CAGR of 64% during Forecast 2015-2019
One major factor contributing enormously to the growth of the market is the availability of high bandwidth. The bandwidth frequency spectrum offered by visible light is larger than that of radio frequency bandwidth, which ensures the accommodation of more users and thereby, achieving higher transfer rates. Thus, the high bandwidth availability is expected to be the biggest attraction of this technology fuelling growth of the visible light communication market.
Segmentation by application and analysis of - indoor networking, location-based services, and underwater communication
The indoor networking application has taken off successfully, and is expected to grow at a CAGR of nearly 65% during the forecast period. The high adoption of this technology, along with indoor position apps, will improve the targeted advertising of retailers and improve their sales. Moreover, major lighting manufacturers such as GE and Philips are showing significant interest on this application, which will further boost this market.
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The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Indoor networking
- Location based services
- Underwater communication
- In-flight communication and entertainment
- Intelligent traffic systems
Geographical segmentation and analysis of - Americas, Europe, and APAC
The Americas is the largest revenue contributor, growing at a CAGR of more than 65%, and is expected to retain its dominance during the forecast period due to the high demand for faster and safer wireless communication in the region.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Americas
- Europe
- APAC
Competitive landscape and key vendors - Oledcomm-France, Nakagawa Laboratories, and pureLiFi
The rise of new opportunities in the market such as mobile companies looking to integrate the technology in their smart devices and lighting companies looking to enter the market because of its growth potential is expected to propel the long term growth of the visible light communications market during the forecast period.
The top vendors in the market are -
- fSONA Networks
- LightPointe Communications
- Nakagawa Laboratories
- Oledcomm-France
- Outstanding Technology
- pureLiFi
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Key questions answered in the report
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global visible light communication market?
- What are the key market trends impacting the growth of the global visible light communication market?
- What are the challenges to market growth?
- Who are the key vendors in the global visible light communication market?
- What are the market opportunities and threats faced by the vendors in the global visible light communication market?
- What are the trending factors influencing the market shares of the Americas, Europe, and APAC?
- What are the key outcomes of the five forces analysis of the global visible light communication market?
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