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(Wireless-NewsWire.Com, January 22, 2016 ) Expects the global visible light communication (VLC) market to grow at a very optimistic rate, posting a CAGR of almost 64% during the forecast period. Visible light communication is a wireless technology that uses light emanated by LED bulbs to provide a network for high-speed communication parallel to Wi-Fi. This technology is a faster and cheaper optical version of Wi-Fi. The market growth was predominantly driven by the increasing adoption of visible light communications for indoor networking.
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One major factor contributing enormously to the growth of the market is the availability of high bandwidth. The bandwidth frequency spectrum offered by visible light is larger than that of radio frequency bandwidth, which ensures the accommodation of more users and thereby, achieving higher transfer rates. Thus, the high bandwidth availability is expected to be the biggest attraction of this technology fuelling growth of the visible light communication market.
Segmentation by application and analysis of - indoor networking, location-based services, and underwater communication
The indoor networking application has taken off successfully, and is expected to grow at a CAGR of nearly 65% during the forecast period. The high adoption of this technology, along with indoor position apps, will improve the targeted advertising of retailers and improve their sales. Moreover, major lighting manufacturers such as GE and Philips are showing significant interest on this application, which will further boost this market.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Indoor networking
Location based services
Underwater communication
In-flight communication and entertainment
Intelligent traffic systems
Geographical segmentation and analysis of - Americas, Europe, and APAC
The Americas is the largest revenue contributor, growing at a CAGR of more than 65%, and is expected to retain its dominance during the forecast period due to the high demand for faster and safer wireless communication in the region.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Americas
Europe
APAC
Competitive landscape and key vendors - Oledcomm-France, Nakagawa Laboratories, and pureLiFi
The rise of new opportunities in the market such as mobile companies looking to integrate the technology in their smart devices and lighting companies looking to enter the market because of its growth potential is expected to propel the long term growth of the visible light communications market during the forecast period.
The top vendors in the market are -
fSONA Networks
LightPointe Communications
Nakagawa Laboratories
Oledcomm-France
Outstanding Technology
pureLiFi
Other prominent vendors in the market include Avago Technologies, ByteLight, Casio, LightBee, Lvx System, Panasonic, Philips, and Plaintree Systems.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global visible light communication market?
What are the key market trends impacting the growth of the global visible light communication market?
What are the challenges to market growth?
Who are the key vendors in the global visible light communication market?
What are the market opportunities and threats faced by the vendors in the global visible light communication market?
What are the trending factors influencing the market shares of the Americas, Europe, and APAC?
What are the key outcomes of the five forces analysis of the global visible light communication market?
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