Press release
Visible Light Communication Market size forecast grow at over 90% CAGR from 2016 to 2023
Visible Light Communication (VLC) Market technology makes use of light emitting diode as the source which has inherent characteristics of high speed flickering. Thus, it offers dual function of data communication and lighting simultaneously. The technology is cost effective and extensively suitable. This technology do not offer any sort of interference to RF. It also utilizes image sensors and opto-couplers as components and represents a unique industry that has tremendous growth potential over the forecast period.Visible light communication market size was valued around USD 300 million in 2014 and is expected to grow at CAGR of over 90% over the forecast period and exceed USD 10 billion by 2023.
These products are chiefly dependent on low cost and efficient LEDs for rapid data transmission rates. This industry is also referred to as Light Fidelity (Li-Fi) market. The free space optics market is likely to exceed USD 950 million by 2023.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/194
One of the major factors contributing to growth of visible light communication market is the accessibility of high bandwidth. Visible light offers bandwidth frequency spectrum which is larger than that of radio frequency bandwidth. This result in the space for more than one user and thereby, accomplishing higher transfer rates. As a result, the high bandwidth availability is expected to be the biggest attraction of this technology boosting the global industry growth over the forecast period.
Location-based services (LBS) and target-based advertising coupled with increasing R&D investment are the major driving factor for the global visible light communication market. In addition, higher energy efficiency and biologically safe & negligible interference is also expected to increase the VLC adoption in healthcare sector over the forecast period. It transfers the data at rapid rate as compared to other conventional wireless technologies such as Wi-Fi, Wimax and Bluetooth which use radio waves for communication.
Non-uniformity in standardization and complexity in simultaneous data transmit and receipt within the same module is anticipated to hamper the demand growth over the forecast period. Difficulty in existing LED lighting upgradation also acts as a challenge to the industry growth. The prospective opportunities to the industry include technological breakthroughs opening in a wide range of applications along with mounting deployment of energy-efficient LED in numerous applications to pave way for the growth of visible light communication market. Asia Pacific is anticipated to witness substantial gains owing growing awareness of trackers. In addition, these devices are expected to experience tremendous rise in demand owing to rising electricity demands from emerging regions such as China and India dual axis solar tracker market.
The industry can be segmented by end users as connected devices, underwater communication, automobile & transport, retail indoor positioning, hospitality, in-flight infotainment/communications and light-based internet.
The industry is segregated on the basis of communication type which consists of unidirectional and bidirectional. In addition, the industry is segmented on the basis of rate of data which include VLC with data rate up to 1 Mb/s (≤ 1 mbps) and VLC with data rate above 1 Mb/s (>1 mbps). Furthermore, the industry is further segmented on the basis of distance, which includes Up To 10 meter and above 10 meter. Moreover, the industry can be further bifurcated on the basis of geography which includes North America, Europe, Asia Pacific, Latin America and MEA.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/194
In 2014, retail indoor segment dominated the industry in terms of revenue. The growth in this segment is primarily driven by demand from developed nations such as North America and Europe. North America, including U.S. visible light communication market accounted for about 42% of the total industry revenue in 2014 and estimated to be the largest revenue contributor.
Increasing collaboration among major players with the research institutions for extensive research and development activities is the foremost trend observed in the industry. Correspondingly, the original equipment manufacturers of LED in the VLC industry are focusing on mergers and acquisitions with the developers. These collaborations would help the manufacturers to overcome barriers such as complexity in upgrading existing LED lighting and lack of standardization for the industry.
Key manufacturers for the global visible light communication market share include Axrtek, Outstanding Technology Co. Ltd., LightPointe Communications Inc., Koninklijke Philips, Wireless Excellence Limited, Lightbee Corp, Nakagawa Laboratories, Inc., Casio Computer, Fraunhofer Heinrich, ByteLight, Inc. (Acuity Brands, Inc.), PureLifi Ltd, LVX System, Gallium Lighting LLC, Supreme Architecture Inc., Fsona Networks Corp. and General Electric Company among others.
Browse Related Reports:
• (Light Fidelity) Li-Fi Market Size By Component (Microcontroller, Photodetector, LED), By Application (Indoor Networking, Aerospace, Automotive, Healthcare, Location Based Services, Underwater Communication, Defense & Security, Intrinsically Safe Environments), Industry Analysis Report, Regional Outlook (U.S., UK, Germany), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/lifi-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Visible Light Communication Market size forecast grow at over 90% CAGR from 2016 to 2023 here
News-ID: 474218 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Light
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> https://bit.ly/3u3lF00
【PROFESSIONAL UV LIGHT SANITIZER LAMP】 FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection
【240-280NM COMPREHENSIVE THOROUGH STERILIZATION】 The light transmittance of microorganisms…
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fi…
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S …
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The LED Lighting market was valued at Million US$ in 2017 and is…
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-electronics-goods/light-control-sensor-light-market/79664
Light Control Sensor Light Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications and…
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022).
Description
The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED…
