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  • Home>Global Visible Light Communication Market - Expected to Reach $10.8 Billion by 2020 - Research and Markets

    Global Visible Light Communication Market - Expected to Reach $10.8 Billion by 2020 - Research and Markets

    Global Visible Light Communication Market - Expected to Reach $10.8 Billion by 2020 - Research and Markets

    11/10/2017

    Global Visible Light Communication Market - Expected to Reach $10.8 Billion by 2020 - Research and Markets

    The "Global Visible Light Communication Market - Analysis of Growth, Trends Progress and Challenges (2016 - 2021)" report has been added to Research and Markets' offering.

    The global visible light communication (VLC) market has been estimated at USD 387.5 million in 2015 and is forecasted to grow at a CAGR of 94.55% over the forecast period to reach USD 10.81 billion by the end of 2020. VLC is a part of optical wireless communication (OWC) technology which utilizes the visible light source as a signal transmitter, air as a transmission medium and an appropriate photodiode as a signal receiving component. VLCs are basically introduced as a complementary technology for Wi-Fi, Bluetooth, and WiMAX.

    VLC uses light emitting diodes (LEDs) as the source of light because of their light emitting capability in a visible range. The various applications of this market include indoor communication, inflight entertainment/infotainment, underwater communications, transport & automotive, location-based services such as navigation and intelligent traffic management systems with real-time traffic updates making use of LEDs incorporated in traffic lights.

    Major drivers for the growth of this market are the constraints in the spectrum and bandwidth crunch caused by an increased data usage. The features of VLCs such as free of cost, high speed, safety, reliability and unlicensed network also drive the organizations and end users to opt for this technology. As the adoption of LEDs in a wide range of applications grows, the feature of communication serves as added advantage, playing a vital factor for growth. In spite of these drivers, lack of proper infrastructure for wireless technology in emerging markets and not considering an upgrade from existing lighting to communication-based systems may act as major restraints for this market.

    Companies Mentioned:

    • Pure Lifi Ltd.
    • Byte Light Inc
    • Qualcomm Inc.
    • Axrtek Inc
    • Koninklijke Philips N.V.
    • GE Lighting (GE Company)
    • Outstanding Technology Co. Ltd
    • LVX System
    • Panasonic Corp.
    • Light Bee Corp
    • Renesas Electronics Corp.
    • Nakagawa Laboratories, Inc.

    Key Topics Covered:

    1. Introduction