How big is the Visible Light Communication Market?

The Visible Light Communication Market size is expected to reach USD 3.45 billion in 2024 and grow at a CAGR of 41% to reach USD 19.23 billion by 2029. Read More

What is the current Visible Light Communication Market size?

In 2024, the Visible Light Communication Market size is expected to reach USD 3.45 billion. Read More

Who are the key players in Visible Light Communication Market?

LVX System, Panasonic Corporation, Lucibel SA, Koninklijke Philips NV and Firefly Wireless Networks LLC are the major companies operating in the Visible Light Communication Market. Read More

Which is the fastest growing region in Visible Light Communication Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Visible Light Communication Market?

In 2024, the North America accounts for the largest market share in Visible Light Communication Market. Read More

What years does this Visible Light Communication Market cover, and what was the market size in 2023?

In 2023, the Visible Light Communication Market size was estimated at USD 2.04 billion. The report covers the Visible Light Communication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Visible Light Communication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Visible Light Communication (VLC) Market

Visible Light Communication (VLC) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Visible Light Communication Industry Analysis & Share. The Market is Segmented by Component (LED, Photodetectors, Microcontrollers, Software & Services), Transmission Type (Uni-Directional, Bi-Directional), Application (Consumer Electronics, Defense & Security, Transportation, Public Infrastructure, Life Sciences), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Visible Light Communication (VLC) Industry Overview

The Visible Light Communication Market is a moderately competitive market with prominent players like Koninklijke Philips, LVX System, Panasonic Corporation, Oledcomm, etc. It is an emerging market with newer pipeline technologies, creating potential visible light communication technology.

In July 2022, The Scottish National Investment Bank awarded EUR 10 million to aid Edinburgh-based pureLiFi, which spent years designing a new Visible Light Communication based networking method called LiFi, to support a global rollout of their technology. PureLiFi announced that it would utilize the extra funding to develop new LiFi technologies further while opening up additional markets in more consumer-friendly areas, like mobile phones, tablets, wearables, and other connected devices.

In January 2022, Sheffield researchers developed a new way of creating micro-displays to bring the next generation of VR headsets, smartphones, and smartwatches with higher resolution, speed, and efficiency. It used microlaser diodes - micro LEDs, to develop ultimate micro-display and visible light communication devices. As per Sheffield researchers, VLC technology had the potential to offer much greater bandwidth & efficiency than WiFi or 5G and could be utilized where radio frequency emissions were controlled or did not work, like in aircraft, hospitals, underwater and hazardous environments.