Global Visible Light Communication Market Size Worth USD 1,313.5 Billion By 2030 | CAGR 72.20%: Infinium Global Research

Infinium Global Research, a renowned market research and consulting firm, has released an insightful report on the Global Visible Light Communication Market, offering a comprehensive analysis of market segments, emerging trends, and the influence of drivers, restraints, and macro indicators. This comprehensive report is a valuable resource for understanding the dynamic landscape of visible light communication (VLC) and its impact on various industries. The global visible light communication market was valued at USD 17.73 Billion in 2022 and is expected to reach USD 1,313.5 Billion by 2030 and grow at a CAGR of 72.20% over the forecast period.

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The global visible light communication market is witnessing remarkable growth, driven by the increasing demand for high-speed, fully networked wireless communications. VLC, also known as Light Fidelity (Li-Fi), offers bidirectional communication through visible light sources and serves as a complement or even a substitute for traditional radio frequency (RF) communication technologies such as Wi-Fi or cellular networks.

One of the key advantages of VLC is its dual role as both an illumination source and a communication medium. This dual-purpose functionality makes VLC a cost-effective alternative to RF communication, as it leverages existing infrastructure and reduces the need for additional power consumption. Additionally, VLC is considered more secure for transmitting confidential data, as light cannot easily pass through physical barriers like walls.

VLC finds applications across various domains, including indoor wireless communication, safe and secure hospital environments, artificial intelligence and warehouses, efficient transportation and smart cities, innovative theme parks, human sensing, vehicular communication, and indoor point-to-point communication. High-speed connectivity in indoor environments is a primary application of VLC, making it a promising technology for future 5G visual light communication systems and wireless internet access.

In recent research, RF and infrared (IR) have typically been used for the uplink, while the downlink has emphasized VLC's potential for applications and high data rates. VLC often serves as the backbone of access networks and is expected to play a pivotal role in the future of wireless connectivity. The widespread availability of LED light bulbs further contributes to the ubiquity of VLC, creating ample opportunities for market players.

However, it's worth noting that the demand for wireless connectivity experienced a decline during the pandemic, as lockdowns and economic uncertainties reduced foot traffic in stores and impacted consumer spending on non-essential goods and services, including wireless devices.

The North American market has played a substantial role in VLC implementation, with North America holding the largest market share in 2019. The United States and Canada have been significant contributors to the market's overall revenue, with the U.S. being a major revenue-generating country due to its extensive user base. North America's rapid growth in VLC solutions is driven by early adoption in various end-use industries and the increasing application of VLC solutions and connected devices.

The report on the global visible light communication market covers key segments, including transmission type, component, and application. Transmission types encompass bidirectional and unidirectional transmission, while components include microcontrollers, photodetectors, light-emitting diodes (LEDs), and software. Applications range from consumer electronics and vehicle transportation to hospitals, street lighting, smart stores, defense and security, and more.

The report also profiles leading companies in the market, including Outstanding Technology Co. Ltd., LightPointe Communications Inc., Koninklijke Philips, Wireless Excellence Limited, Lightbee Corp, Nakagawa Laboratories, Inc., Casio Computer, Fraunhofer Heinrich, ByteLight, Inc., and PureLiFi Ltd.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Visible Light Communication Market Highlights

2.2. Visible Light Communication Market Projection

2.3. Visible Light Communication Market Regional Highlights

Chapter 3. Global Visible Light Communication Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Visible Light Communication Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Transmission Type

3.5.2. IGR-Growth Matrix Analysis by Component

3.5.3. IGR-Growth Matrix Analysis by Application

3.5.4. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Visible Light Communication Market

Chapter 4. Visible Light Communication Market Macro Indicator Analysis

Chapter 5. Global Visible Light Communication Market by Transmission Type

5.1. Bidirectional Transmission

5.2. Unidirectional Transmission

Chapter 6. Global Visible Light Communication Market by Component

6.1. Microcontroller

6.2. Photodetector

6.3. Light Emitting Diode

6.4. Software

Chapter 7. Global Visible Light Communication Market by Application

7.1. Consumer Electronics

7.2. Vehicle and Transportation

7.3. Hospital

7.4. Streetlight

7.5. Smart Store

7.6. Defense and Security

7.7. Others

Chapter 8. Global Visible Light Communication Market by Region 2023-2030

8.1. North America

8.1.1. North America Visible Light Communication Market by Transmission Type

8.1.2. North America Visible Light Communication Market by Component

8.1.3. North America Visible Light Communication Market by Application

8.1.4. North America Visible Light Communication Market by Country

8.2. Europe

8.2.1. Europe Visible Light Communication Market by Transmission Type

8.2.2. Europe Visible Light Communication Market by Component

8.2.3. Europe Visible Light Communication Market by Application

8.2.4. Europe Visible Light Communication Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Visible Light Communication Market by Transmission Type

8.3.2. Asia-Pacific Visible Light Communication Market by Component

8.3.3. Asia-Pacific Visible Light Communication Market by Application

8.3.4. Asia-Pacific Visible Light Communication Market by Country

8.4. RoW

8.4.1. RoW Visible Light Communication Market by Transmission Type

8.4.2. RoW Visible Light Communication Market by Component

8.4.3. RoW Visible Light Communication Market by Application

8.4.4. RoW Visible Light Communication Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Visible Light Communication Market

9.2. Companies Profiles

9.2.1. Outstanding Technology Co. Ltd.

9.2.2. LightPointe Communications Inc.

9.2.3. Koninklijke Philips

9.2.4. Wireless Excellence Limited

9.2.5. Lightbee Corp

9.2.6. Nakagawa Laboratories, Inc.

9.2.7. Casio Computer

9.2.8. Fraunhofer Heinrich

9.2.9. ByteLight, Inc.

9.2.10. PureLifi Ltd

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of visible light communication.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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