Visible Light Communication Market to 2026: Global Trends, Business Strategies and Opportunities with Key Players Analysis

 The Infinium Global Research analyzes the Visible Light Communication Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global visible light communication market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of visible light communication. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the visible light communication market during the period. Visible light communication market to grow with a CAGR of 63.09% over the forecast years.

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Visual Light Communication (VLC) is an advanced prototype of communication that can revolutionize the future. It adapts the visual light spectrum to convey the information efficiently. The high potential of VLC has shown by research and analysis to supply lightning fast communication with revamped energy competence and safety. VLC operates within the spectrum of visible light, which is healthy, harmless, and has a huge bandwidth. Due to which it is preferred in optical communication.

The major components of VLC solutions including sensors, antennas, and other devices are produced mainly in countries including China, Taiwan, Thailand, Philippines and South Korea. The governments in these countries imposed lockdowns to control the spread of COVID-19. Lockdown in these countries compelled the component manufacturers to reduce their production levels and even stop their production in some cases. Moreover, the ports and warehouses in these countries were closed due to the pandemic. This, in turn, reduced the supply of components and devices used in VLC solutions. Thus, the countries dependent on export for the components and devices used in VLC solutions faced shortage during the pandemic.

LED Segment to Remain the Largest Preferred Component for Visible Light Communication

The visible light communication market has been categorized by components as Microcontroller, Photodetector, Light Emitting Diode, and Software. Light Emitting Diode (LED) based VLC devices accounted for largest revenue share in 2019. The data can be preset in the light using the assortment of red, green and blue LED by shifting flickering rate to alter the light frequency and it can be switched on or off to generate a digital string of binary numbers. The rapidly growing presence of LEDs in practically every signalling or illumination entity is the primary driver behind the growth of the high-speed VLC. The majority of new energy-efficient lighting installations are expected to be LED-based by as early as 2021. Consequently, LED bulbs can convey at high speeds that were impracticable with conventional light bulb technologies such as fluorescent and incandescent lamps.

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North America to Be the Dominant Region in Visible Light Communication Market

As per the geographic trends, the North America region is expected to have the largest revenue in the global visible light communication market. The growth resides in applications which include horticultural lighting, industrial & commercial and marine lighting is driving the market growth in the North America region. Large automotive, manufacturing, aerospace, electronic industries are producing an enormous opportunity for the North America VLC market in the forecast period. The major wireless network providers present in North America are Telus Corp, Rogers Communications Inc., and BCE Inc.’s Bell Mobility. These market players are investing heavily in R&D activities in visible light communication, along with 5G technology to enlarge their market share among the wireless and internet service providers. The market players are now aiming at various initiatives to enhance their reach to rural areas and expand their presence in North America, which is expected to boost the VLC market in the coming years.

Companies Operating in the Visible Light Communication Market Focusing on Partnerships and Collaboration

The visible light communication market is moderately competitive as it has a limited number of players. VLC is an emerging market with novel technologies in the pipeline further creating the potential for visible light communication technology. The companies operating in the VLC market include Outstanding Technology Co. Ltd., LightPointe Communications Inc., Koninklijke Philips, Wireless Excellence Limited, Lightbee Corp, Nakagawa Laboratories, Inc., Casio Computer, Fraunhofer Heinrich, ByteLight, Inc., and PureLifi Ltd. These market players are focused on enhancing their structures and mobile applications with the rising expansion and competition among players in indoor positioning based services. For instance, in February 2019, Zomtobel, one of the European market leaders of professional lighting and associated services has partnered with pureLiFi to step into the wireless enterprise network market. The LiFi trial reveals a succession of moves by Zumtobel to develop lighting beyond its core function of pure illumination and resolve challenges for high-speed secure wireless connectivity.

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