Visible Light Communication (VLC) Market Share. Forecast. CAGR. Country-wise Insights

Visual light communication systems are being developed to create uninterrupted secure, high-speed, and geographically friendly communication networks that permit the making and development of continuous computing applications. It is an optical wireless technology that is used for data interference process. It is used to modify light wavelengths emanated by various suitably adapted conventional sources, such as, illuminated signs, outdoor and indoor lighting, televisions, displays, digital cameras, computer screens, and digital cameras. Visible light communication technology reduces additional operating costs such as electricity charges and maintenance charges, which boost the market growth.

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Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Increasing government funding, lack of capacity or bandwidth limits, and increasing research and development activities are key factors driving the visible light communications market.However, lack of technological knowledge restricts to the growth of market. Contrarily, global acceptance of bidirectional VLC by different industry verticals, and emergence of new applications such as IoT and 5G are the opportunity factors for the global market during forecast period.

Plethora of wireless applications

The potential of VLC have been driven by the increasing adoption of mobile electronic devices. Demand for wireless capability represents a 10 times increase in mobile traffic over the next five years, as Cisco recently estimated. But mobile carrier speeds are projected to increase by only 9 per cent over the same period.More than 70% of all mobile traffic happens in homes and most of it happens in certain places, there isa huge opportunity to offload traffic at a localized access point such as WiFi or small cell.

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Increase in adoption in tourism industry

Vehicle lights and existing traffic light infrastructure allow visual light communication to be used for vehicle communication. The high importance function identified by the vehicle security communications development include pre-crash identifying, helpful forward collision warning, lane change caution and extra electronic brake lights. Therefore, increasing adoption of visual light communication in tourism industry.

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Leading market players are fSONA Networks Corp., Wireless Excellence Limited, Signify Holding, Oledcomm, Lucibel, pureLiFi Limited, Acuity Brands, Panasonic Corporation, Fraunhofer HHI, Trimble Hungary (Hungry).

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