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

  1. Bandwidth Limitations in RF Communication: The radio-frequency spectrum is increasingly congested, pushing industries to explore VLC as an alternative.

  2. Energy Efficiency: VLC technology, particularly LED-based systems, consumes less energy and supports sustainable practices.

  3. Enhanced Security: Unlike RF signals, VLC signals do not penetrate walls, offering a more secure communication method for sensitive environments.

  4. Demand for High-Speed Connectivity: The exponential growth in data consumption and demand for faster communication is propelling VLC adoption.

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Opportunities

  1. Smart Infrastructure Development: As smart cities and smart homes proliferate, VLC can be integrated into lighting infrastructure to support communication networks.

  2. Automotive Applications: VLC can be deployed for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication to improve road safety and traffic management.

  3. Healthcare: In hospital settings, VLC reduces electromagnetic interference, making it ideal for medical devices and patient care.

  4. 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:

  1. Outstanding Technology Co. Ltd.

  2. Lucibel SA

  3. Signify NV

  4. Oledcomm

  5. Lightbee Corp

  6. LVX System

  7. Casio Computer

  8. Fraunhofer Heinrich

  9. ByteLight, Inc.

  10. PureLifi Ltd

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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.

 

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