According to TechSci Research report, “Visible Light Communication Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2029F”, Global Visible Light Communication (VLC) Market was valued at USD 1.73 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 30.66% through 2029.
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The Global Visible Light Communication (VLC) Market is projected to experience substantial growth over the forecast period. One of the primary drivers of this expansion is the increasing need for rapid data transmission. As demand rises for data-heavy applications such as video streaming, augmented reality, and the Internet of Things (IoT), the need for faster and more reliable communication technologies has become more urgent. VLC, which uses visible light waves for communication, stands out as a promising solution with potential data rates that surpass traditional wireless technologies. The emergence of 5G networks further enhances the prospects of VLC, allowing it to complement existing wireless systems. By seamlessly integrating with 5G, VLC can support hybrid communication systems, delivering improved data transfer rates, reduced latency, and expanded network capacity. This collaboration is particularly beneficial in situations where 5G signals may struggle, such as in crowded urban areas or indoor settings, positioning VLC as a complementary technology that addresses connectivity challenges effectively.
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The Image Sensor segment is expected to dominate the market during the forecast period. Image sensors are vital to the core functionality of VLC systems, as they facilitate the transmission and reception of data through visible light signals. These sensors capture optical signals from light sources and convert them into digital data for processing. They play a crucial role in enabling bidirectional communication between VLC-enabled devices. The Image Sensor segment’s dominance in the VLC market is driven by its critical function in ensuring reliable and accurate data transmission, particularly in environments where traditional wireless technologies might face interference or signal degradation. By leveraging advanced sensor technologies, VLC systems can provide higher data rates, better signal quality, and wider coverage, thereby expanding their applications across industries. Furthermore, the continuous miniaturization and integration of image sensors have led to the development of compact, energy-efficient VLC devices, further propelling the adoption of VLC technology in various environments.
The growth of the Image Sensor segment is also fueled by ongoing advancements in sensor technology, such as the development of complementary metal-oxide-semiconductor (CMOS) and charge-coupled device (CCD) sensors. These innovations enhance image sensors by providing higher sensitivity, broader dynamic range, and faster readout speeds, significantly improving the performance of VLC systems. The dominance of the Image Sensor segment in the VLC market is expected to continue as the demand for high-performance sensors remains strong, spurring further technological advancements and growth in the market.
Key players in the Global Visible Light Communication Market include:
Koninklijke Philips N.V.
Acuity Brands, Inc.
Toshiba Corp.
Panasonic Corp.
Purelifi Ltd.
Signify Holding B.V.
Nitto Denko Corp.
Qualcomm Inc.
Samsung Electronics Co. Ltd.
NEC Corp.
The transportation sector is also a major driver of the VLC market. With the rise of connected and intelligent transportation infrastructure, there is a growing demand for communication technologies that support data exchange across diverse environments, including vehicles, trains, airports, and seaports. VLC, leveraging visible light waves for wireless communication, is a promising solution for the transportation sector, enabling high-speed data transfer, real-time communication, and enhanced safety and efficiency. VLC systems can utilize existing lighting infrastructure, such as LED lights, to establish cost-effective and scalable communication networks in transportation environments. This allows for seamless integration into systems like traffic management, vehicle-to-infrastructure communication, and passenger information systems, improving operational efficiency and safety. Additionally, VLC offers inherent security benefits since visible light signals are confined within the transmission area, minimizing the risk of interception or interference. As the transportation sector embraces smart technologies and digital transformation, the demand for VLC solutions is expected to grow, driving significant expansion in the VLC market.
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“The Global Visible Light Communication (VLC) Market is poised for significant growth in the foreseeable future, largely driven by the expanding transportation sector. With the increasing integration of digital and smart technologies in transportation infrastructure, VLC technology offers a promising solution to meet the growing connectivity needs, ensuring efficient, high-speed data transmission and enhanced operational safety,” said Mr. Karan Chechi, Research Director at TechSci Research.
“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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