Visible Light Communication Market Size, Share, Impressive
Industry Growth Report 2031

The global visible light communication (VLC) market is
expected to grow at a significant CAGR during the forecast period (2024-2031).
The fast-growing presence of LEDs in nearly every signaling or illumination
entity is the key driver for the rise of the high-speed VLC. The abundance of
wireless applications is another significant motivator for VLC systems.
According to the Federal Communications Commission (FCC), due to the
exponential rise in demand for wireless transmission capacity, a spectrum
deficit (i.e., a lack of useable radio frequencies for new wireless
applications) is foreseen. This, in turn, is accelerating market growth.

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The automotive and transportation sector is expected to grow
significantly. With the growing population and number of vehicles on the road,
traffic management is a large field that faces several issues. For successful
management, the volume of data exchanged via Wi-Fi on the street is neither
sufficient nor secure. VLC has a strong future in vehicle-to-vehicle and
vehicle-to-infrastructure communication, in addition to traffic management.
LEDs are being used to replace most automotive headlights and taillights. These
LEDs can be transformed by VLC for car-to-car communication. This aspect can
support anti-collision systems and the interchange of various types of data
between cars. Due to the usage of LED illumination in traffic lights, it is
becoming a viable option in citywide traffic management systems, such as
pedestrian signals and traffic signals that employ VLC. For instance, street
lights that communicate with a pedestrian's VLC-enabled smartphone can control
car traffic and allow pedestrians to cross a street. 

VLC technology in traffic systems allows drivers to connect
and create information from traffic lighting systems through smart devices or
car headlights. Using tail lights, this information can also be communicated to
other cars. This technology can be used to send information such as traffic
updates, the quickest estimated time of arrival to a given area (including
traffic congestion), or even internet access. Drivers may, however, use smart
devices while driving, posing difficulty. The optimal solution to this problem
is to embed a visible communication system within the vehicle and communicate
information using the car's headlights. However, noise may reduce the
efficiency of these intelligent traffic systems, lowering the adoption rate of
VLC systems.

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Communication Market available @ https://www.omrglobal.com/industry-reports/visible-light-communication-market

Market Coverage

• Segment
  Covered- 

o             By
Component 

o             By
Application  

• Competitive
  Landscape: General Electric Co., Koninklijke Philips N.V., and Acuity
  Brands Inc., among others.

Key questions addressed by the report

• What
  is the market growth rate?


• Which
  segment and region dominates the market in base year?


• Which
  segment and region will project fastest growth in the market?


• How
  COVID-19 impacted the market?

o             Recovery
Timeline

o             Deviation
from pre-COVID forecast

o             Most
affected region and segment

• Who
  is the leader in the market?


• How
  players are addressing challenges to sustain growth?


• Where
  is the investment opportunity?

Global Visible Light Communication Market Report
Segmentation

By Component 

•                
LED

•                
Photo Detector

•                
Microcontroller 

•                
Software

By Application 

•                
Consumer Electronics

•                
Automotive and Transportation

•                
Hospital

•                
Aviation

•                
Defense and Security

•                
Others

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1. We cover more than 15 major industries, further segmented into more than 90
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