According to Technavio’s latest market research study, the global visible light communication market is expected to grow at a CAGR of close to 78% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global visible light communication market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing product segments are discussed below
Global VLC market in indoor networking: The growth in the retail and hospitality industries will fuel the demand for visible light communication in the global market. These industries use indoor networking systems to enhance the shopping and service experience of the customers. These tools improve the value of services being delivered and help in retaining different consumers. Leading lighting manufacturers like GE and Philips are collaborating with vendors to provide better products and services.
“The adoption of visible light communication technology integrated with indoor position apps will help improve the targeted advertising of retailers and boost their sales. These solutions will also lower data rates resulting in reduction in costs of the existing infrastructure and propel the growth of the market segment,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
Global VLC market in LBS: The rising adoption of LED lighting networks to improve energy efficiency will help in the growth of this market segment. LBS offers precise location-specific information services such as advertising and navigation by enabling the recipient to receive suitable, relevant information in time and at the accurate location.
Global VLC market in in-flight communication and entertainment: The use of VLC technology in aircrafts for entertainment or for providing Internet access will aid the evolution of the market segment. This technology helps lessen the weight of cabling thereby reducing the weight of the aircraft. The in-flight entertainment systems can be integrated with and supported by passengers’ mobile devices that do not interfere with the flight avionics and improve efficiency.
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The top vendors operating in the global visible light communication market are:
- fSONA Networks
- GE
- LightPointe Communications
- LVX System
- Nakagawa Laboratories
- Oledcomm
- Outstanding Technology
- Koninklijke Philips
- pureLiFi
Other prominent vendors in the market include Avago Technologies, Axrtek, ByteLight, Casio, IBSENtelecom, Lightbee, Luciom, Panasonic, Plaintree Systems, Renesas Electronics, and Supreme Architecture.
A more detailed analysis is available in the Technavio report titled, ‘Global Visible Light Communication Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global General Lighting Market 2016-2020
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