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Brief Overview

Visible light communication (VLC) is a wireless method that allows visible light to transmit data at high speeds. This data is transmitted by modulating the light intensity emitted by a source of light. A photodiode device that transforms the data into forms readable and readily consumed by end-users receives the signal. It provides dual data communication and lighting functions simultaneously. The technology is cost-effective and generally appropriate. This technology does not provide RF with any kind of interference. The light could only be detected in the visible region through this technology. Light fidelity is wireless communication, which is used with the help of visible light communication for data transmission.

Market Insights

Fast and Convenient Data Transmission

In contrast to traditional wireless technologies, such as Wi-Fi, Bluetooth, Worldwide Interoperability for Microwave Connectivity (WiMAX), and so on, which use radio waves for communication, data transmission is more reliable and achieves high data rates. Light waves cannot pass into walls; they can therefore not be misused and captured. With VLC technology, a networking speed of 100 Mbps can be easily achieved using LEDs. However, in order to compete with current communication technologies, VLC must distinguish itself by having a download rate of 1 Gbps or more compared to other wireless communication technologies. Parallel data transmission from a series of LEDs can be accomplished. Unlike RF, VLC technology is greener, cleaner, and safer because, as well as biologically safe, it creates no dangerous emissions. In addition, VLC technology has no interference, which means that electromagnetic interference is not created as provided by RF systems. It can also be used in places where wireless RF communications, such as hospitals, chemical plants, oil rigs or underwater, are not allowed. Therefore, the key drivers for VLC technology are fast and convenient data communication than other competing technologies.

The RF Crunch Spectrum will boost the market

For data transmission, visible light communication technology uses a visible light spectrum, which is different from the radio frequency spectrum used in the current Wi-Fi technology. VLC, on the other hand, uses a visible light spectrum that is 10,000 times greater than the entire RF spectrum. It is anticipated that the impending RF spectrum crunch will boost the adoption of visible light communication and this will increase demand in the overall market for visible light communication in years to come.

Over the next eight years, awareness of indoor positioning and monitoring in the retail sector is projected to increase demand for VLC. The implementation of the LED-based lighting system in various applications, such as automotive & transport, in-flight communication, and smartphones, is expected to be a high impact driver. Increasing smartphone penetration and high demand for mapping portals are anticipated to stimulate the demand for the photodetector component in communication systems. It is anticipated that rising demand for real-time traffic updates will accelerate demand for VLC over the forecast period. Factors such as the up-gradation of the existing lighting system to a communication system can act as a constraint on the adoption of this technology rather than these potential drivers. In addition, the lack of wireless infrastructure in emerging countries is also expected to hamper the growth of the industry.

Geographical Analysis

Regions such as the Asia Pacific, North Americans, Europe, and the world are under consideration in the regional analysis of the Visible Light Communication Market. The study indicates that due to factors such as increased internet penetration and technological advances, the North American region dominates the Visible Light Communication Market. The study also indicates that it is expected that increasing applications of indoor location-based services will propel the market for visible light communication over the forecast period.

The Asia-Pacific region is likely to observe the maximum development over the forecast period. Due to the growing population and rapid development in the regions, the use of wireless data in tablets, laptops, and smartphones is expected to stimulate the market throughout the forecast period. In addition, the market within the area will increase in the demand for fully protected, bidirectional, and higher-speed wireless communication.

Segmentation

By Component

  • LED
  • Photo detector
  • Microcontroller
  • Software

By Transmission Type

  • Unidirectional
  • Bidirectional

By Application

  • Smart Store
  • Street Light
  • Consumer Electronics
    • Residential
    • Commercial
  • Defense and Security
  • Vehicle and Transportation
    • Vehicle-to-Vehicle (V2V) Communication
    • Location-based Service (LBS)
    • Intelligent Transportation System (ITS)
  • Aviation
  • Hospital
    • Asset Tracking
    • Patient Tracking
    • Data Monitoring
  • Underwater Communication
  • Hazardous Environment
  • Others
    • Museum
    • Digital Signage
    • Hotel and Casino
    • Logistics

By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa

Competitive Landscape
The report profiles various major market players such as

  • PureLifi Ltd.
  • Velmenni
  • Visilink
  • Oledcomm
  • Ibsentelecom Ltd.
  • Lightbee Corp.
  • ByteLight Inc.
  • Axrtek
  • Qualcomm Inc.
  • Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.

Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:
Industry report analyses the global visible light communication market by the following segments:
- Component
- Transmission Type
- Application

Customization: We also offer customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Visible Light Communication Industry Report

  • What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
  • Which region would have a high demand for products in the upcoming years?
  • What are the factors driving the growth of the market?
  • Which sub-market will make the most significant contribution to the market?
  • What are the market opportunities for existing and entry-level players?
  • What are the various long-term and short-term strategies adopted by the market players?

Frequently Asked Questions

What does this report offer?

The report offers a comprehensive insight on the Visible Light Communication Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.

What research methodology is used to write this market research report?

What else can be covered in the scope of this report?

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