Maximize Market Research has recently released an intelligence report titled "Visible Light Communication Market" which encompasses Manufacturers, Regions, Types, Applications, and Forecast until 2029. This report is the result of exhaustive primary and secondary research, providing a comprehensive analysis of the Visible Light Communication market. It delves deep into the examination of insights related to the Visible Light Communication market, taking into account its constantly evolving patterns, the industry environment, and all the significant aspects that influence the market.
Anticipated Revenue Growth:
Visible Light Communication Market size is expected to reach nearly US $ 6892.74 Mn by 2029 with the CAGR of 32.17% during the forecast period.
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Visible Light Communication Market Scope
The Visible Light Communication Market report provides readers with crucial statistics and analytical insights, offering a comprehensive understanding of various aspects. This includes market size, market share, growth trends, demand dynamics, key players, industry overview, opportunities, value cycles, end-users, technologies, types, and applications.
Furthermore, the report explores micro-market opportunities, enabling stakeholders to make well-informed investment decisions. It also conducts a thorough examination of the competitive landscape and the product portfolios of major players in the Visible Light Communication market.
By presenting both qualitative and quantitative data, the Visible Light Communication market report allows decision-makers to identify market segments and regions with potential for higher growth rates. The report also assesses the competitive scenario among key industry players and highlights emerging trends within the Visible Light Communication market.
Maximize Market Research's reports include a PESTLE analysis, which assists clients in shaping their business strategies. This analysis covers political factors such as taxation, environmental regulations, and tariffs, all of which governments consider when influencing the Visible Light Communication market. Economic factors, including interest rates, exchange rates, inflation, wage rates, and minimum wages, are thoroughly examined to understand their impact on economic performance, which in turn affects the Visible Light Communication market. Legal factors are also addressed to unravel the effects of environmental considerations on the Visible Light Communication market.
Visible Light Communication Market Segmentation:
by Component
LEDs (Light Emitting Diodes)
Photo Detector
Microcontroller
Software and Services
by Transmission Type
Unidirectional
Bidirectional
by Application
Consumer Electronics
Automotive
Infrastructure
Defense
Security
Life Sciences
Key market trends for visible light communication are:
The automotive and transportation sector is anticipated to grow significantly.
Traffic management is facing enormous difficulties as a result of rising traffic and population. For effective administration, the amount of data being communicated via public Wi-Fi is neither sufficient nor secure. In contrast to traffic management, vehicle-to-vehicle and vehicle-to-infrastructure communication is a promising application for VLC.
A new possibility in traffic management systems, such as roadside lights and traffic signals employing VLC, is emerging as traffic lights use LED lighting. For instance, pedestrians can cross a street thanks to street lights that communicate with a VLC-equipped smartphone to manage traffic.
LEDs are now commonly used to replace headlights and taillights on automobiles. These LEDs can be changed using VLC.
Visible Light Communication Market Regional Analysis:
This growth can be largely attributed to government initiatives and regulatory actions within the sector, which are driving advancements in the Visible Light Communication Market in this particular region. The Visible Light Communication market report not only covers the geographical landscape of the market but also provides insights into its size and share. Additionally, it conducts a thorough exploration of the business network structure, highlights available opportunities, and presents recent news updates relevant to the industry.
Visible Light Communication Market Key Players include:
1. LVX System 2. Panasonic Corporation 3. Lucibel SA 4. Koninklijke Philips NV 5. Firefly Wireless Networks LLC 6. Bytelight Inc. 7. Purelifi Ltd 8. Oledcomm 9. Outstanding Technology Co. Ltd 10. Axrtek Company 11. Firefly Wireless Networks LLC 12. General Electric Company 13. Toshiba Corporation 14. NEC Corporation 15. Samsung Electronics Co. Ltd. 16. fSONA Networks 17. Nitto Denko Corporation 18. Casio Computer Co. Ltd. 19. Qualcomm Inc. 20. Fujitsu Ltd.
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Table of Content: Visible Light Communication Market
Part 01: Executive Summary
Part 02: Scope of the Visible Light Communication Market Report
Part 03: Visible Light Communication Market Landscape
Part 04: Visible Light Communication Market Sizing
Part 05: Visible Light Communication Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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The report "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market with COVID-19 Impact Analysis by Component (LED, Photodetector, Microcontroller, Software), Transmission Type, Application, Geography - Global Forecast to 2025" The overall FSO market is expected to grow from USD 402 million in 2020 to USD 1,977 million by 2025; it is expected to grow at a CAGR of 37.5% during 2020–2025.
Key factors fueling this markets growth include the alternative solution to overburdened RF technology for outdoor networking, last-mile connectivity, faster and safer data transfer than other challenging technologies, and less energy consumption by LEDs.
Various applications such as healthcare, consumer electronics, defense, and commercial create a strong demand for FSO/Li-Fi for efficient industrial operations in the midst of COVID-19.
Due to the commercialization of bidirectional VLC in late 2017, the demand for software solutions is projected to rise and support the uplink and downlink for two-way communications in various applications.
FSOs are hugely deployed in the healthcare application, where wireless communication through radio waves is not allowed due to potential health hazards.
RF does not work underwater, but visible light can support high-speed data transmission over short distances in this environment.
Visible Light Communication Market, By Component (Image Sensor, Visible Light Diode), By Application (Location Based Service, Indoor Applications, Outdoor Applications), By Vertical (Transportation, Automotive, Defense, Healthcare) - Forecast 2022Market OverviewVisible Light Communication can be defined as free space optical wireless communication technology that utilizes the visible light to transmit data across the distances.
This type of technology is widely used in a number of applications or end user segments that includes intelligent traffic management system, wireless communication, power line communication, home networking system and underwater communication.Visible Light Communication (VLC) is a method by which Light Emitting Diode (LED) are utilized to transfer the data by using visible light as a transmission medium.
The increasing usage of data over the mobile phones and via other wireless devices, lack of spectrum appears to be one of the major problem for which visible light communication can be offered as a potential solution.
The raising demand of the retails based indoor positioning market due to high traffic and better illumination has paved the way for the growth of the visible light communication market.
The increasing demand by retailer to send instant offers to customers in the form of messages to enhance their shopping experience has also anticipated to boost the overall VLC market.
The study also indicates that the increasing investments in the research and development of new products by various key players like General Electric Company, LVX Systems and others are expected to make a revolutionary changes in visible light communication market.The global Visible Light Communication Market is expected to grow exponentially by 2022, at will show a significant growth in CAGR between 2016 and 2022.Get a Free Sample @https://www.marketresearchfuture.com/sample_request/2559Key Players:The prominent players in the Visible Light Communication Market are – fSONA Networks (Canada), General Electric Company (U.S.), Casio Computer Co., Ltd.(Japan), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Nitto Denko Corporation (Japan), NEC Corporation (Japan), Fujitsu Ltd. (Japan), Qualcomm, Inc. (U.S.), Panasonic Corporation (Japan) and among others.Segments:Visible Light Communication market is segmented on the basis of component, application and verticals.Regional Analysis:The regional analysis of Visible Light Communication Market is being studied for region such as Asia pacific, North America, Europe and Rest of the World.
The global Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market was projected at US$ 454.8 million in 2015 and is anticipated to touch US$ 101.30 billion by the completion of the year 2024.
The technology of light fidelity is meant for the wireless communication amid the devices utilizing the spectrum of visible light and infrared to transfer information and location.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/visible-light-communication-li-fi-market-size/request-sample Market Synopsis of Visible Light Communication Market: In terms of technology it can be referred to as a visible light transport network system, which is able to conveying information by high speeds above the spectrum of infrared and visible light.
By way of the continually developing technologies for example Internet of Things (IoT), and 5G wireless broadband, the technology of light fidelity is certainly going to expand to the numerous additional arenas of applications for example education, aviation, healthcare, and retail.
The technology of light fidelity can connect faraway and aloof topographies through the nation that cannot be touched over the optical fiber.
Growing usage of LED lights in light fidelity due to its fewer consumption of energy, extensive life span, low-slung price, and easy obtainability, are bolstering the global market.
