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Visible Light Communication (Li Fi ) Market Status, Revenue, Growth Rate, Services and Solutions- Forecast to 2023
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Global Visible Light Communication (Li Fi ) Market is expected to grow exponentially by 2022, at will show a significant growth in CAGR betweenn 2016 and 2022. 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 prominent players in the Visible Light Communication Market are fSONA (Canada), General Electric Company (US), 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) among others are profiled in Market Research Future analysis and are at the forefront of competition in the Visible Light Communication Market.
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Visible Light Communication Market Global Market - Overview
Visible light communication (VLC) is a wireless communication method which uses light fidelity (Li-Fi) technology, to transmit data. The frequency for VLC ranges from 400–800 THz which are visible to human eye. VLC provides high speed communication as light travels faster as compared to other medium. VLC uses traditional bulbs or LEDs to transmit the data. Light rays from traditional bulbs or LEDs does not harm human eye and is resistant to radio frequency interference due to which VLC is an emerging trend in data transmission. Radio frequency has limited spectrum and hence has a lot of data congestion. VLC can be used as a replacement of radio frequency communication. As lights have a numerous residential and commercial applications which includes indoor/outdoor lighting, traffic signals, vehicle headlights/tail lights, commercial displays, and others, the popularity of VLC is growing. VLC has its applications in real estate, healthcare, aviation, infrastructure and transportation sectors. With the increasing demand for smart building concept requiring LED lights, the demand for VLC will increase. With VLC in smart building high speed of data transmission with minimum latency and mobility features can be obtained. Due to minimum latency in data transmission and less susceptible to electromagnetic interference VLC is highly reliable and can be used in transportation and aviation sector. Also, the data can be transmitted over a short distance, the data can be accessed only by the nearby people, therefore security and privacy are maintained. Abundance of available spectrum, easy integration capabilities, secure data transmission and safe in hazardous environments are the major advantages of VLC. Emerging technologies such as IoT and 5G will help the growth of VLC market significantly. However, VLC is relevant only for short range communication is the major factor hampering the market growth. Furthermore, lack of awareness and lack of standards are the major challenges faced by the VLC market.
Visible Light Communication Market - Segmentation
Segmentation by Component: Visible Light LED’s, Diode, Image Sensors, R Emitters, Opto-couplers, and Others.
Segmentation by Applications: Underwater Communications, Location-Based Services, Indoor Applications, Outdoor Applications, Smart Lighting, and Others.
Segmentation by Vertical: Transportation, Automotive, Defense, Healthcare, Aviation, and Others.
Segmentation by Region: North America, Europe, Asia-Pacific and Rest of the world.
August 30, 2018 China developed a chipset for visible light communication.
National Digital Switching System Engineering (NDSC) and Dongguan Xinda Institute of Integrated Innovation collaboratively developed a commercial chipset for visible light communication with an aim to establish wireless communication where there is LED. The chipset is expected to provide ubiquitous and cheap access for 5G communication in indoor environment, high-speed digital system, underwater high-speed wireless networks and intelligent VR based family services
February 22, 2018.Geist expands VLC technology to android.
Geist, a Division of Vertiv, a provider of power distribution units (PDUs) announced that its VLC technology is now available for android as well as iOS platforms. The technology uses directed light and optical character recognition to capture the data of PDUs with a smartphone and does not require any network-based communication. This reduces the time required for capturing data, with secure and accurate data capturing and instant viewing, sharing and archiving. The technology is available through Geist mobile application for Geist upgradable PDU users.
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Visible Light Communication Market - Regional Analysis
The regional analysis of Visible Light Communication Market is studied for North America, Europe, Asia-Pacific and Rest of the World. North America is leading the Visible Light Communication Market due to the well-established infrastructure and high capabilities of research and development of advanced and emerging wireless technologies such as IoT and 5G which drive the growth of VLC market.
Asia-Pacific also contributes towards the growth of Visible Light Communication Market and is expected to grow at a significant rate during the forecast period due to increasing adoption of LED lights and smartphones and increasing demand for location-based services.
List Of Tables
Table 1 Visible Light Communication Market, By Component
Table 2 Visible Light Communication Market, By Applications
Table 3 Visible Light Communication Market, By Vertical
List Of Figures
Figure 1 Research Visible Light Communication
Figure 2 Visible Light Communication Market: By Component (%)
Figure 3 Visible Light Communication Market: By Application (%)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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