Global Visible Light Communication Market Overview
Introduction:
Visible Light Communication Market are wireless communication in which LED lights are used for networking and high-speed communication. It is similar to Wi-Fi and it is termed as Li-Fi. Visible light communication is used as the supplementary role to cellular network communication and radiofrequency. In visible light communication, one can transfer or send the data via LED lights.
Drivers and Restraints:
By using visible light communication technology the data and communication speed increases rapidly due to this the demand for visible light communication increases which is the driving factor for the growth of the global market. Additionally, visible light communication is the energy-efficient so the government taking initiatives for the implementation of visible light communication is another propelling factor for the growth of the target market. For instance, ICT had invested in advanced technology by the United Arab Emirates, in grouping with some private sector technology companies. However, the limited range and lack of awareness about the technology is the major hampering factor for the growth of the global market.
Segmentation:
The global visible light communication market is segmented based on product, transmission, usability, application, and region.
Based on product, the global visible light communication market is segmented into the light-emitting diodes, photodetectors, microcontrollers, and software. Microcontrollers were the dominating segment in the year 2018. Based on the transmission type, the target market is segmented into unidirectional and bidirectional. Unidirectional transmission type segment had the largest share in the market in 2018. Based on application, the target market is bifurcated into consumer electronics, infrastructure, automotive and transportation, defence and security, life sciences, and other applications.
Based on the region the global visible light communication market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global visible light communication market due to growing demand for communication purpose. Asia Pacific visible light communication market is projected to register a high CAGR over the forecast period owing to the growing demand of the population.
Key Players:
The key players operating the global visible light communication market involves Koninklijke Philips NV, Panasonic Corp., PureLifi Ltd., LVX System, Oledcomm SAS, Lucibel SA, IDRO Co. Ltd., Firefly Wireless Networks LLC, LightBee Corp., Renesas Electronics Corporation. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the component to gain a competitive edge in the target market.
Detailed Segmentation:
Global Visible Light Communication Market, By Component:
- Light-emitting Diodes
- Photodetectors
- Microcontrollers
- Software
Global Visible Light Communication Market, By Transmission Type:
- Unidirectional
- Bidirectional
Global Visible Light Communication Market, By Application:
- Consumer Electronics
- Infrastructure
- Automotive and Transportation
- Defence and Security
- Life Sciences
- Other Applications
Global Visible Light Communication Market, By Region:
- North America
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- North America Visible Light Communication Market, By Component
- North America Visible Light Communication Market, By Transmission Type
- North America Visible Light Communication Market, By Application
- North America Visible Light Communication Market, By Country
- The U.S.
- Canada
- Europe
- Europe Visible Light Communication Market, By Component
- Europe Visible Light Communication Market, By Transmission Type
- Europe Visible Light Communication Market, By Application
- Europe Visible Light Communication Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Visible Light Communication Market, By Component
- Asia Pacific Visible Light Communication Market, By Transmission Type
- Asia Pacific Visible Light Communication Market, By Application
- Asia Pacific Visible Light Communication Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Visible Light Communication Market, By Component
- Latin America Visible Light Communication Market, By Transmission Type
- Latin America Visible Light Communication Market, By Application
- Latin America Visible Light Communication Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Visible Light Communication Market, By Component
- Middle East & Africa Visible Light Communication Market, By Transmission Type
- Middle East & Africa Visible Light Communication Market, By Application
- Middle East & Africa Visible Light Communication Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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Company Profile:
- Koninklijke Philips NV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Panasonic Corporation
- PureLifi Ltd
- LVX System
- Oledcomm SAS
- Lucibel SA
- IDRO Co. Ltd.
- Firefly Wireless Networks LLC
- LightBee Corp.
- Renesas Electronics Corporation
“*” marked represents similar segmentation in other categories in the respective sectio
FAQs
The Global Visible Light Communication Market report segments the market basis on product, transmission, usability, application, and region.
The growing demand for low-power green technology solutions is spurring the development of innovative communication systems.
North America accounts highest revenue share to the global visible light communication market due to growing demand for communication purpose.
The leading players operating in the Global Visible Light Communication Market includes Koninklijke Philips NV, Panasonic Corp., PureLifi Ltd., LVX System, Oledcomm SAS, Lucibel SA, IDRO Co. Ltd., Firefly Wireless Networks LLC, LightBee Corp., Renesas Electronics Corporation.