Global Visible Light Communication/Light Fidelity Market by Component (Microcontroller, Photodetector, LED), by Application (Defense & Security, Aviation, Automotive & Transportation, Healthcare, Consumer Electronics, Retail) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Industry Insights
In 2015, the global Visible Light Communication market (VLC/Light Fidelity) was worth USD 454.8 millions. The market is expected to grow due to rising adoption of communication technology, and an exponential rise in internet users over the forecast period. The forecast period will see an increase in data traffic from developed countries, which is expected to result in a greater adoption of the technology.
Li-Fi has grown due to growing demand for reliable, secure and fast internet. The network providers have also been forced to shift to high-efficiency and robust internet services due to the increasing spectrum crisis. VLC is unlicensed, free and secure. It can therefore address the RF spectrum crunch effect.
U.S. VLC Market Share by Application, 2013 - 2024 (USD million)
Over the next eight years, there will be a rise in awareness about indoor positioning and monitoring within the retail sector. The implementation of LED-based lighting systems in different applications, such as in-flight communication and automotive, is expected to have a significant impact on rendering drivers.
The demand for photodetector components in communication systems is expected to rise due to the increasing penetration of smartphones and high demand for mapping portals. Over the forecast period, VLC demand is expected to rise due to rising demand for real-time traffic updates.
These potential drivers can be replaced by factors like the up-gradation to a communications system of the existing lighting system. This could hinder the adoption of this technology. The industry's growth is also likely to be impeded by the absence of infrastructure for wireless technology, especially in emerging countries.
Component Insights
The market can be classified by its components, including LED, photodetector and microcontrollers. In 2015, LED-based VLCs accounted for more than 40% of the market share. They can be turned on and off to produce a digital string with binary numbers. You can encode the data in the light by using a mixture of red, green, and blue LEDs. The flickering rate can be adjusted to change the light frequency.
This component allows data to be transmitted using different parts of the spectrum. LED technology has made it possible to use light for wireless communication at high speeds.
In 2015, photodetectors made up more than 30% of the revenue share. A photodetector, such as a photodiode, is a common device that detects and detects images in the transmitted signal. The microcontrollers are used to modulate the data using different modulation techniques such as pulse width modulation, (PWM). In 2015, the microcontroller component segment was worth more than USD 95 million.
Application Insights
The study analyzed the following application sectors: retail, automotive, transport, consumer electronics and defense & security. In 2015, more than 30% of total revenue was attributed to retail applications.
VLC can be used indoors in retail stores to provide customers with the most recent promotional offers. The flickering light from fluorescent and LED lamps can be detected by smartphones, enabling indoor navigation. This component will increase customer loyalty and help retailers provide better services.
The automotive & transport segment will experience the fastest growth, growing at a CAGR exceeding 80% between 2016 and 2024. The adoption of traffic lights and LEDs will be driven by technological advancements. Market penetration will be boosted by the adoption of more parameters for traffic management and road safety, including instantaneous tracking via apps.
Regional Insights
North America's visible light communication market was responsible for more than 40% of global revenue share in 2015. This is due to the growth in applications such as horticultural, commercial, and marine lighting. The National Highway Traffic Safety Administration, Department of Transportation (DOT), mandates that LEDs be used in vehicle headlights.
Europe will be a major platform for this market's growth. The infrastructure for visible light communication systems has been established and offers tremendous potential for growth in this region.
The Asia Pacific market was valued over USD 95 millions in 2015. It is expected to experience significant growth due to the high production capacity of VLC components from countries like Japan, Korea, China.
Competitive Market Insights
VLC market share is dominated by PureLifi Ltd., Velmenni, Visilink, Oledcomm, Ibsentelecom Ltd., Lightbee Corp., and ByteLight, Inc. Wireless internet providers are focusing on improving their structures and mobile apps with increasing competition from indoor positioning-based service providers.
Axrtek Ltd., Fujitsu Ltd. General Electronic Corp. LVX System Panasonic Corp., Qualcomm Inc. and Supreme Architecture Inc. are other potential players in this market.
Up Market Research published a new report titled “Visible Light Communication/Light Fidelity Market research report which is segmented by Component (Microcontroller, Photodetector, LED), by Application (Defense & Security, Aviation, Automotive & Transportation, Healthcare, Consumer Electronics, Retail), By Players/Companies General Electronic Corp, Axrtek, Panasonic Corp, LVX System, Qualcomm Inc, Supreme Architecture Inc , Fujitsu Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Visible Light Communication/Light Fidelity Market Research Report |
By Component | Microcontroller, Photodetector, LED |
By Application | Defense & Security, Aviation, Automotive & Transportation, Healthcare, Consumer Electronics, Retail |
By Companies | General Electronic Corp, Axrtek, Panasonic Corp, LVX System, Qualcomm Inc, Supreme Architecture Inc , Fujitsu Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 231 |
Number of Tables & Figures | 162 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Visible Light Communication/Light Fidelity Market Report Segments:
The market is segmented by Component (Microcontroller, Photodetector, LED), by Application (Defense & Security, Aviation, Automotive & Transportation, Healthcare, Consumer Electronics, Retail).
Visible Light Communication/Light Fidelity Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Visible Light Communication/Light Fidelity Market
Overview of the regional outlook of the Visible Light Communication/Light Fidelity Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Visible Light Communication/Light Fidelity Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Visible Light Communication/Light Fidelity Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Microcontroller
2. Photodetector
3. LED
7. By Application:1. Defense & Security
2. Aviation
3. Automotive & Transportation
4. Healthcare
5. Consumer Electronics
6. Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Visible Light Communication/Light Fidelity Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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Reasons to Purchase the Visible Light Communication/Light Fidelity Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Visible Light Communication/Light Fidelity Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Visible Light Communication/Light Fidelity Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Visible Light Communication/Light Fidelity Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Visible Light Communication/Light Fidelity Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Visible Light Communication/Light Fidelity Market Size & Forecast, 2018-2028
4.5.1 Visible Light Communication/Light Fidelity Market Size and Y-o-Y Growth
4.5.2 Visible Light Communication/Light Fidelity Market Absolute $ Opportunity
Chapter 5 Global Visible Light Communication/Light Fidelity Market Analysis and Forecast by Component
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Component
5.1.2 Basis Point Share (BPS) Analysis by Component
5.1.3 Absolute $ Opportunity Assessment by Component
5.2 Visible Light Communication/Light Fidelity Market Size Forecast by Component
5.2.1 Microcontroller
5.2.2 Photodetector
5.2.3 LED
5.3 Market Attractiveness Analysis by Component
Chapter 6 Global Visible Light Communication/Light Fidelity Market Analysis and Forecast by Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Application
6.1.2 Basis Point Share (BPS) Analysis by Application
6.1.3 Absolute $ Opportunity Assessment by Application
6.2 Visible Light Communication/Light Fidelity Market Size Forecast by Application
6.2.1 Defense & Security
6.2.2 Aviation
6.2.3 Automotive & Transportation
6.2.4 Healthcare
6.2.5 Consumer Electronics
6.2.6 Retail
6.3 Market Attractiveness Analysis by Application
Chapter 7 Global Visible Light Communication/Light Fidelity Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Visible Light Communication/Light Fidelity Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Visible Light Communication/Light Fidelity Analysis and Forecast
9.1 Introduction
9.2 North America Visible Light Communication/Light Fidelity Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Visible Light Communication/Light Fidelity Market Size Forecast by Component
9.6.1 Microcontroller
9.6.2 Photodetector
9.6.3 LED
9.7 Basis Point Share (BPS) Analysis by Component
9.8 Absolute $ Opportunity Assessment by Component
9.9 Market Attractiveness Analysis by Component
9.10 North America Visible Light Communication/Light Fidelity Market Size Forecast by Application
9.10.1 Defense & Security
9.10.2 Aviation
9.10.3 Automotive & Transportation
9.10.4 Healthcare
9.10.5 Consumer Electronics
9.10.6 Retail
9.11 Basis Point Share (BPS) Analysis by Application
9.12 Absolute $ Opportunity Assessment by Application
9.13 Market Attractiveness Analysis by Application
Chapter 10 Europe Visible Light Communication/Light Fidelity Analysis and Forecast
10.1 Introduction
10.2 Europe Visible Light Communication/Light Fidelity Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Visible Light Communication/Light Fidelity Market Size Forecast by Component
10.6.1 Microcontroller
10.6.2 Photodetector
10.6.3 LED
10.7 Basis Point Share (BPS) Analysis by Component
10.8 Absolute $ Opportunity Assessment by Component
10.9 Market Attractiveness Analysis by Component
10.10 Europe Visible Light Communication/Light Fidelity Market Size Forecast by Application
10.10.1 Defense & Security
10.10.2 Aviation
10.10.3 Automotive & Transportation
10.10.4 Healthcare
10.10.5 Consumer Electronics
10.10.6 Retail
10.11 Basis Point Share (BPS) Analysis by Application
10.12 Absolute $ Opportunity Assessment by Application
10.13 Market Attractiveness Analysis by Application
Chapter 11 Asia Pacific Visible Light Communication/Light Fidelity Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Visible Light Communication/Light Fidelity Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Visible Light Communication/Light Fidelity Market Size Forecast by Component
11.6.1 Microcontroller
11.6.2 Photodetector
11.6.3 LED
11.7 Basis Point Share (BPS) Analysis by Component
11.8 Absolute $ Opportunity Assessment by Component
11.9 Market Attractiveness Analysis by Component
11.10 Asia Pacific Visible Light Communication/Light Fidelity Market Size Forecast by Application
11.10.1 Defense & Security
11.10.2 Aviation
11.10.3 Automotive & Transportation
11.10.4 Healthcare
11.10.5 Consumer Electronics
11.10.6 Retail
11.11 Basis Point Share (BPS) Analysis by Application
11.12 Absolute $ Opportunity Assessment by Application
11.13 Market Attractiveness Analysis by Application
Chapter 12 Latin America Visible Light Communication/Light Fidelity Analysis and Forecast
12.1 Introduction
12.2 Latin America Visible Light Communication/Light Fidelity Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Visible Light Communication/Light Fidelity Market Size Forecast by Component
12.6.1 Microcontroller
12.6.2 Photodetector
12.6.3 LED
12.7 Basis Point Share (BPS) Analysis by Component
12.8 Absolute $ Opportunity Assessment by Component
12.9 Market Attractiveness Analysis by Component
12.10 Latin America Visible Light Communication/Light Fidelity Market Size Forecast by Application
12.10.1 Defense & Security
12.10.2 Aviation
12.10.3 Automotive & Transportation
12.10.4 Healthcare
12.10.5 Consumer Electronics
12.10.6 Retail
12.11 Basis Point Share (BPS) Analysis by Application
12.12 Absolute $ Opportunity Assessment by Application
12.13 Market Attractiveness Analysis by Application
Chapter 13 Middle East & Africa (MEA) Visible Light Communication/Light Fidelity Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Visible Light Communication/Light Fidelity Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Visible Light Communication/Light Fidelity Market Size Forecast by Component
13.6.1 Microcontroller
13.6.2 Photodetector
13.6.3 LED
13.7 Basis Point Share (BPS) Analysis by Component
13.8 Absolute $ Opportunity Assessment by Component
13.9 Market Attractiveness Analysis by Component
13.10 Middle East & Africa (MEA) Visible Light Communication/Light Fidelity Market Size Forecast by Application
13.10.1 Defense & Security
13.10.2 Aviation
13.10.3 Automotive & Transportation
13.10.4 Healthcare
13.10.5 Consumer Electronics
13.10.6 Retail
13.11 Basis Point Share (BPS) Analysis by Application
13.12 Absolute $ Opportunity Assessment by Application
13.13 Market Attractiveness Analysis by Application
Chapter 14 Competition Landscape
14.1 Visible Light Communication/Light Fidelity Market: Competitive Dashboard
14.2 Global Visible Light Communication/Light Fidelity Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electronic Corp
14.3.2 Axrtek
14.3.3 Panasonic Corp
14.3.4 LVX System
14.3.5 Qualcomm Inc
14.3.6 Supreme Architecture IncÂ
14.3.7 Fujitsu Ltd