Soaring Demand Set to Propel Visible Light Communication(VLC) Indoor-Navigation Display Market to $2.78 Billion by 2029

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What Is the Expected CAGR for the Visible Light Communication(VLC) Indoor-Navigation Display Market Through 2025?
The market size for the visible light communication (VLC) indoor-navigation display has seen a massive surge in recent years. The projections suggest an increase from $1.01 billion in 2024 to $1.24 billion in 2025, equating to a compound annual growth rate (CAGR) of 22.9%. Factors attributing to this growth in the past include a rise in the adoption of digital infrastructure, higher consumer demand for devices that are connected, increased awareness of indoor navigation solutions, the proliferation of smart building installations, and amplified investments in light-based communication systems.

What's the Projected Size of the Global Visible Light Communication(VLC) Indoor-Navigation Display Market by 2029?
The market size for the visible light communication (VLC) indoor-navigation display is predicted to experience substantial growth in the coming years, escalating to a value of $2.79 billion by 2029 with a compound annual growth rate (CAGR) of 22.5%. The forecasted growth is credited to the enlargement of retail and commercial areas, the burgeoning focus on solutions for accessibility, the rising acceptance of devices enabled by the internet of things, the expansion of energy-saving lighting integrations, and a heightened demand for location-based services in real-time. Key trends in the forecast period encompass advancements in visible light communication technology, the creation of positioning devices based on light-emitting diodes, innovation in indoor navigation software, research and invention in smart lighting systems, and commitments to smartphones equipped with sensors.

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Top Growth Drivers in the Visible Light Communication(VLC) Indoor-Navigation Display Industry: What's Accelerating the Market?
The proliferation of smart buildings is anticipated to fuel opportunities for the expansion of the visible light communication (VLC) indoor-navigation display market. Smart buildings are structures that are fitted with cutting-edge technologies and automated systems to improve energy efficiency, safety, comfort, and overall functionality. The burgeoning growth of smart buildings stems from the escalating demand for energy conservation and sustainability in urban infrastructure. VLC indoor-navigation displays can contribute to smart buildings by providing accurate, real-time indoor positioning and navigation and facilitating energy-saving data communication via existing LED lighting systems. For instance, Buildup, a European agency focusing on the climate, infrastructure, and the environment reported in May 2022 that the worldwide count of smart buildings is predicted to reach 115 million by 2026, a significant increase from 45 million in 2022. Hence, the growing embrace of smart buildings is likely to extend the potential utilization of technologies like VLC indoor-navigation displays.

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What Trends Will Shape the Visible Light Communication(VLC) Indoor-Navigation Display Market Through 2029 and Beyond?
Leading enterprises within the VLC Indoor-Navigation Display market have shifted their focus to creating technologically advanced systems like the IEEE 802.11bb-compliant LiFi modules. The objective of this innovation is to improve navigation precision, expedite data transmission, and allow for smooth incorporation into user devices. The IEEE 802.11bb-compliant LiFi module, which uses visible light as its data transmission mechanism, offers a high-speed, low-latency link while maintaining compatibility with Wi-Fi standards, rendering it suitable for smartphones and IoT gadgets. For example, pureLiFi, a UK company specializing in wireless communication, launched the Light Antenna ONE module in February 2023. This module, which seamlessly integrates into millions of devices, conforms to the international IEEE 802.11bb LiFi standard, measures 14.5 mm in length and empowers manufacturers to integrate speedy, secure light-based connectivity straight into consumer electronic devices.

What Are the Main Segments in the Visible Light Communication(VLC) Indoor-Navigation Display Market?
The visible light communication (VLC) indoor-navigation display market covered in this report is segmented as

1) By Component: Hardware, Software, Services
2) By Technology: Visible Light Communication, Hybrid Systems
3) By Deployment Mode: On-Premises, Cloud-Based
4) By Application: Retail, Healthcare, Transportation, Hospitality, Industrial, Education, Other Applications
5) By End-User: Enterprises, Government, Commercial, Other End-Users

Subsegment:
1) By Hardware: Light Emitting Diode (LED) Transmitters, Photodetectors Or Receivers, Navigation Beacons, Controllers
2) By Software: Navigation Software, Mapping And Positioning Software, Location Analytics Software, Integration And Management Software
3) By Services: Installation And Deployment Services, Maintenance And Support Services, Consulting And Training Services, System Integration Services

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Which Top Companies are Driving Growth in the Visible Light Communication(VLC) Indoor-Navigation Display Market?
Major companies operating in the visible light communication(vlc) indoor-navigation display market are Panasonic Corporation, Signify N.V., AMS-OSRAM AG, Acuity Brands Inc., Visilink Ltd., PureLiFi Ltd., Lucibel S.A., Oriient Inc., Situm Technologies S.L., Oledcomm S.A.S., SYOOK Technologies Pvt. Ltd., AeroLiFi GmbH, Navigine Ltd., Mapsted Inc., VLNComm Inc., Sensewhere Ltd., LightBee Corp., Nextome S.r.l., Velmenni OÜ, ByteLight Inc.

Which Regions Will Dominate the Visible Light Communication(VLC) Indoor-Navigation Display Market Through 2029?
North America was the largest region in the visible light communication(VLC) indoor-navigation display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in visible light communication (VLC) indoor-navigation display report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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