Visible Light Communication Market is expected to grow at a CAGR of 30.66% through 2029

Global Visible Light Communication Market is expected to grow owing to growing prevalence of IoT devices and integration of VLC technology across industries throughout the forecast period.

According to TechSci Research report, “Visible Light Communication Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2029F”, the Global Visible Light Communication Market is expected to register robust growth during the forecast period. The growing need for rapid data transmission is a key driver propelling the VLC market forward. As demand surges for data-heavy applications like video streaming, augmented reality, and the Internet of Things (IoT), there's an urgent requirement for communication technologies capable of delivering faster and more dependable data transfer. VLC, harnessing visible light waves for communication, emerges as a promising solution offering potential data rates surpassing those of traditional wireless technologies. The advent of 5G networks presents a significant opportunity for VLC to complement existing wireless communication systems. By seamlessly integrating with 5G, VLC can contribute to hybrid communication setups, providing improved data transfer rates, reduced latency, and expanded network capacity. This collaboration proves especially advantageous in scenarios where 5G signals encounter obstacles, such as densely populated urban areas or indoor environments, establishing VLC as a complementary technology effectively addressing connectivity challenges.

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Based on component, the Image Sensor segment is expected to dominate the market during the forecast period. The Image Sensor segment is anticipated to maintain its dominance in the Global Visible Light Communication (VLC) market based on component categorization. This projection underscores the pivotal role of image sensors in facilitating the transmission and reception of data through visible light signals, which form the backbone of VLC technology. Image sensors serve as the core component of VLC systems, capturing optical signals emitted by light sources and converting them into digital data for processing. These sensors play a crucial role in both transmitting and receiving data, enabling bidirectional communication between VLC-enabled devices. As such, the Image Sensor segment holds significant sway over the VLC market, driving innovation and advancements in sensor technology to meet the growing demand for high-performance VLC solutions. The dominance of the Image Sensor segment can be attributed to several key factors. Firstly, image sensors are essential for achieving reliable and accurate data transmission in VLC systems, particularly in environments where traditional wireless technologies may face interference or signal degradation. By leveraging advanced sensor technologies, VLC systems can deliver enhanced data rates, improved signal quality, and increased coverage, thereby expanding the applicability of VLC across various industries and use cases.

Image sensors play a critical role in enabling advanced features and functionalities in VLC applications. For instance, high-resolution sensors allow for the transmission of high-quality images and videos through visible light, opening up new possibilities for applications such as indoor navigation, augmented reality, and interactive displays. Additionally, advancements in sensor miniaturization and integration have led to the development of compact and energy-efficient VLC devices, further driving the adoption of VLC technology in diverse environments. The Image Sensor segment is poised for continued growth and innovation, fueled by ongoing advancements in sensor technology, such as the development of complementary metal-oxide-semiconductor (CMOS) and charge-coupled device (CCD) sensors. These advancements enable image sensors to offer higher sensitivity, improved dynamic range, and faster readout speeds, enhancing the performance and capabilities of VLC systems. The Image Sensor segment is expected to maintain its dominance in the Global Visible Light Communication market during the forecast period, driven by its indispensable role in enabling reliable and efficient data transmission through VLC technology. As VLC continues to gain traction across various industries, the demand for high-performance image sensors will remain strong, driving further innovation and growth in the VLC market.

Key market players in the Global Visible Light Communication Market are:-

• Koninklijke Philips N.V.
• Acquity Brands, Inc.
• Toshiba Corp.
• Panasonic Corp.
• Purelifi Ltd.
• Signify Holding B.V.
• Nitto Denko Corp.
• Qualcomm Inc.
• Samsung Electronics Co. Ltd.
• NEC Corp.

 

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“The Global Visible Light Communication (VLC) Market is poised for significant growth in the foreseeable future, largely propelled by the burgeoning transportation sector. As transportation infrastructure becomes increasingly connected and intelligent, there is a rising demand for communication technologies that can support the exchange of data in diverse environments, ranging from vehicles and trains to airports and seaports. VLC technology, leveraging visible light waves for wireless communication, offers a promising solution to address the connectivity needs of the transportation sector, enabling high-speed data transfer, real-time communication, and enhanced safety and efficiency. The adoption of VLC technology in the transportation sector is driven by several key factors. VLC systems can leverage existing lighting infrastructure, such as LED lights, to establish communication networks, making them a cost-effective and scalable solution for transportation environments. This allows for seamless integration of VLC technology into various transportation systems, including traffic management, vehicle-to-infrastructure communication, and passenger information systems, enhancing overall operational efficiency and safety. VLC technology offers inherent security benefits, as visible light signals are confined within the physical boundaries of the transmission area, minimizing the risk of signal interception or interference. As the transportation sector continues to embrace digital transformation and smart technologies, the demand for VLC solutions is expected to soar, driving growth in the Global VLC Market”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Visible Light Communication Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component (Image Sensor and Visible Light Diode), By Application (Location Based Service, Indoor Applications and Outdoor Applications), By End-User (Transportation, Automotive, Defense, Healthcare and Others), By Region, and By Competition 2019-2029F”, has evaluated the future growth potential of Global Visible Light Communication Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Visible Light Communication Market.

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