Global Market Insights recently introduced report on global Visible Light Communication Market report is an in-depth study providing complete analysis of the industry for the period 2018 to 2024. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario.
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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.
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.
The Visible Light Communication Market 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.
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.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- 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
- General Electric
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.