Visible Light Communication Market Report | Forecast to 2031 | Straits Research
The global Visible Light Communication (VLC) Market was valued at USD 18.84 Billion in 2022 and is poised for substantial growth. According to a new report by Straits Research, the VLC market is projected to surge from USD XX Billion in 2023 to an impressive USD 1966.61 Billion by 2031, expanding at a CAGR of 67.45% during the forecast period (2023–2031).
Market Key Trends
Visible Light Communication (VLC) is a revolutionary wireless communication technology that uses visible light for data transmission, offering faster, safer, and more energy-efficient communication compared to traditional radio-frequency systems. This growth is driven by the increasing demand for high-speed internet connectivity, secure communication solutions, and the integration of VLC in emerging smart technologies.
Key trends include:
Integration with Smart Lighting Systems: The use of LED-based VLC systems in smart homes, smart cities, and commercial spaces is becoming mainstream.
Advances in Li-Fi Technology: Li-Fi, a subset of VLC, is gaining traction due to its high data transmission speeds and reduced latency.
Rising Adoption in IoT Devices: The growing Internet of Things (IoT) ecosystem is leveraging VLC for reliable and interference-free communication.
Driving Factors
Bandwidth Limitations in RF Communication: The radio-frequency spectrum is increasingly congested, pushing industries to explore VLC as an alternative.
Energy Efficiency: VLC technology, particularly LED-based systems, consumes less energy and supports sustainable practices.
Enhanced Security: Unlike RF signals, VLC signals do not penetrate walls, offering a more secure communication method for sensitive environments.
Demand for High-Speed Connectivity: The exponential growth in data consumption and demand for faster communication is propelling VLC adoption.
Request a Free Sample (Full Report Starting from USD 1850: https://straitsresearch.com/report/visible-light-communication-market/request-sample
Opportunities
Smart Infrastructure Development: As smart cities and smart homes proliferate, VLC can be integrated into lighting infrastructure to support communication networks.
Automotive Applications: VLC can be deployed for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication to improve road safety and traffic management.
Healthcare: In hospital settings, VLC reduces electromagnetic interference, making it ideal for medical devices and patient care.
Retail and Commercial Spaces: Smart stores are adopting VLC for indoor navigation, marketing, and customer engagement.
Market Segmentation: https://straitsresearch.com/report/visible-light-communication-market/segmentation
Market Segmentation
The VLC market is segmented based on Transmission Type, Component, and Applications:
1. By Transmission Type
Unidirectional Network
Bidirectional Network
2. By Component
Microcontroller
Photodetector
Light Emitting Diode (LED)
Software
3. By Applications
Consumer Electronics
Vehicle and Transportation
Hospitals
Smart Stores
Defense and Security
Others
Table of Contents for the Visible Light Communication Market Report: https://straitsresearch.com/report/visible-light-communication-market/toc
Key Players in the Visible Light Communication Market
Prominent companies driving innovation in the VLC market include:
Outstanding Technology Co. Ltd.
Lucibel SA
Signify NV
Oledcomm
Lightbee Corp
LVX System
Casio Computer
Fraunhofer Heinrich
ByteLight, Inc.
PureLifi Ltd
Purchase the Full Report: https://straitsresearch.com/buy-now/visible-light-communication-market
Conclusion
The Visible Light Communication Market is poised to disrupt traditional wireless communication systems. With rapid advancements in Li-Fi technology, smart lighting, and IoT integration, VLC presents a significant opportunity for industries to leverage high-speed, secure, and energy-efficient communication solutions.
Why Straits Research?
Straits Research delivers comprehensive market intelligence reports tailored to provide actionable insights and data-driven decisions. Our in-depth analysis, accurate forecasting, and expertise in emerging technologies make us a trusted partner in navigating the dynamic landscape of the VLC market. We empower businesses with the intelligence needed to stay ahead of the competition.
Contact Us:
- Email: sales@straitsresearch.com
- Address: 825 3rd Avenue, New York, NY, USA, 10022
- Phone: +1 646 905 0080 (U.S.), +91 8087085354 (India), +44 203 695 0070 (U.K.)
