Visible Light Communication (Li-Fi) Market Industry Outlook, Size, Growth Factors and Forecast 2030

Market Synopsis

The global Visible Light Communication Market is projected to acquire a notable value, thriving at a significant CAGR during the review period from 2021 to 2030. The augmenting demand of the retails reliant indoor positioning market because of high traffic, and inefficient illumination is driving the global visible light communication market 2030. Also, the growing demand by the retailer to provide immediate offers to customers in the form of messages for the betterment of their shopping experience is another factor leading to market expansion. The report has also revealed that the growing investment in research and development of innovative products by the various renowned players like LVX Systems, General Electric Company, and others are estimated to bring an exceptional growth in the global visible communication market. Further, the application of technology is widely being used in various end-user segments which consist of wireless communication, efficient traffic regulation, home networking system, underwater communication, and powerline communication. Also, the magnifying usage of data on mobile phones through other wireless devices and shortage of the spectrum is estimated to be a significant problem which can be eliminated through visible light communication.

Recent developments in Visible Light Communication (Li-Fi) technology have led to a number of exciting new applications. Li-Fi technology uses visible light to transmit data, allowing for data transfer speeds up to 224 gigabits per second. This is much faster than traditional Wi-Fi connections, which are generally limited to around 1 gigabit per second. Li-Fi technology has been used for a variety of applications, including streaming video and audio, providing internet access in areas where Wi-Fi is not available, and providing secure communication for military applications. Li-Fi technology is also being explored for use in smart homes, allowing for the control of various devices such as lights, thermostats, and security systems via visible light communication.

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However, the trajectory of the market is anticipated to vary due to the epidemic COVID-19. The data analysts at Market Research Future Reports (MRFR) are assessing the aftermath of COVID-19. We will provide an impact analysis report on COVID-19.

Regional Analysis:

The global visible light communication market can be distinguished on the basis of application, verticals, component, and region.

On the basis of application, the worldwide visible light communication market can be distinguished into underwater communications, smart lighting, location-based services, indoor applications, outdoor application, and others.

On the basis of verticals, the worldwide visible light communication market can be distinguished into transportation, aviation, automotive, defense, healthcare, and others.

On the basis of component, the worldwide visible light communication market can be distinguished into visible light LED’s, opto–couplers, image sensors, diode, R emitters, and others.

On the basis of region, the worldwide visible light communication market can be distinguished into Asia Pacific, Europe, North America, and the Rest of the World (RoW).

Regional Analysis:

The global market for visible light communication is projected to expand significantly during the forecast period. Regions such as Asia-Pacific, Europe, North America, and the Rest of the World (RoW) have been thoroughly evaluated. As per the study, the global market is estimated to be dominated by North America. The most consequential factor of regional expansion is augmenting internet penetration. Besides, the burgeoning technical development is likely to fuel the market additionally. The report also highlights the role of increasing adoption of IT services which is further steering the global 3D scanner market.

Further, the increasing applications of indoor location-based services are projected to fuel the market during the assessment period. It is to be emphasized here that the region has been investing in making a massive investment in research and development. Also, the presence of established vendors is another imperative factor resulting in market growth.

However, market dynamics are estimated to change due to the spread of coronavirus. Several regions had observed lockdown on a national basis which caused a change in the supply and manufacturing process.

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Key Players:

The renowned players of the global visible light communication market are General Electric Company (U.S.), fSONA Networks (Canada), Casio Computer Co., Ltd.(Japan), Samsung Electronics Co. Ltd. (South Korea), Toshiba Corporation (Japan), Nitto Denko Corporation (Japan), Fujitsu Ltd. (Japan), NEC Corporation (Japan), Qualcomm, Inc. (U.S.), Panasonic Corporation (Japan) and a few others.

TABLE OF CONTENTS:

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

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