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Report overview
Visible Light Communication (VLC) is an emerging technology that uses visible light (which lies between 400 and 800 THz of electromagnetic spectrum) as a communication medium. VLC technology uses Light Emitting Diodes (LEDs) from a variety of sources such as indoor and outdoor lighting, monitors, illuminated signs, toys, televisions and other consumer electronics devices for communication purpose. Communication/data transfer is achieved through switching on and off of LEDs in wide range of applications.
This report contains market size and forecasts of Visible Light Communication in Global, including the following market information:
The global Visible Light Communication market was valued at 2416.9 million in 2021 and is projected to reach US$ 8507.2 million by 2028, at a CAGR of 19.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Up to 1Mb/s Transmit Signals Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Visible Light Communication include FSONA Networks, GE, LightPointe Communications, LVX System, Nakagawa Laboratories, Oledcomm, Outstanding Technology, Koninklijke Philips and PureLiFi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Visible Light Communication companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Visible Light Communication Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Visible Light Communication Market Segment Percentages, by Type, 2021 (%)
Global Visible Light Communication Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Visible Light Communication Market Segment Percentages, by Application, 2021 (%)
Global Visible Light Communication Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Visible Light Communication Market Segment Percentages, By Region and Country, 2021 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include: