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Visible Light Communication Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI5467

Visible Light Communication Market Size

Visible Light Communication Market size is anticipated to record substantial growth between 2024 and 2032 owing to increasing use in the creation of ultra-fast, protected, and bio-friendly communication systems capable of creating and scaling seamless computing applications. Visible light communication (VLC) is a significant solution to eliminate the large, crowded nature, greater latency issues, and disruptions of the radio spectrum. This technology has several advantages over traditional radio frequency-based networks as it increases data rates in wireless transmission and enhances network performance.

Additionally, VLC sources are low power and suitable for both illumination and connectivity resulting in an energy-efficient system and are not impacted by electromagnetic radiations from RF systems owing to light-based communication systems. Such advantages and applications of VLC technology particularly in indoor networks are likely to boost the market growth.

However, since VLC systems integrate the features of optical and wireless communication systems, they may face restraints associated with cyber security. VLC is also highly susceptible to additional cyber-physical attacks as it establishes the infrastructure for future communication services due to the open environment communication. Injecting harmful signals into unsecured visible communications systems can also have a wide range of adverse communication consequences, further posing a challenge to the industry growth.

Visible Light Communication Market Trends

With the increasing importance of the transmission of data in all significant industrial sectors, the lighting sector is taking on new significant business opportunities through VLC.  The growing per-capita incomes and the increasing spending on consumer electronics, such as lighting are expected to boost the demand for VLC. Moreover, extensive research efforts and the ongoing studies into new modulation techniques, receiver sensitivity, and signal processing algorithms are driving innovations, further paving the way for expanded applications and market growth in VLC technology. For instance, in September 2022, researchers from the Nanjing University of Posts and Telecommunications of China revealed a novel visible light communication system that uses a single optical line to create a multi-channel communication link over the air, which can be used to interconnect IoT devices.

Visible Light Communication Market Analysis

Visible light communication industry from the light-emitting diodes (LED) component segment is estimated to grow significantly through 2032 owing to their inherent compatibility. LED lighting fixtures double up as data transmitters for offering dual functionality of illumination and communication. This synergy is driving the product adoption in smart lighting systems, where LEDs enable high-speed data transmission through flickering light. The increasing demand for greater data rates throughout the gigabit-class range is also increasing the preference for LEDs as possible sources for VLC due to their unique characteristics of high modulation bandwidth, performance, and beam convergence.

Based on transmission, the visible light communication market from the bidirectional segment is expected to grow considerably through 2032. Bidirectional transmission increases the data rate of near-field radio frequency identification systems compared to unidirectional transmission. Several critical system problems must be considered in bidirectional designs to prevent multi-path interference. Factors including interconnectivity for both paths of transmission, power level values, and automatic power shutdown will also accelerate the segment growth.

Given the regional landscape, the North America visible light communication industry is set to exhibit robust growth from 2024-2032 on account of increased investments in big data analytics, IoT, AI, and renewable energy projects. This can be attributed to the increasing spending of prominent players and governments on big data analytics. The rapid adoption of smart lighting systems in commercial and residential sectors coupled with technological advancements are also boosting the demand for VLC in the region.

Visible Light Communication Market Share

Leading VLC firms are working on the production of innovative products and collaboration with key players to expand their global presence and meet the rising demands. To illustrate, the expertise in LED technology offered by Panasonic Corporation is driving advancements in data transmission, smart lighting, and communication networks.

Prominent players in the visible light communication market are-

  • Signify Holding
  • Lucibel
  • Panasonic Corporation
  • LVX System
  • pureLIFI
  • LIFI.co
  • Firefly Wireless Network LLC.

Visible Light Communication Industry News

  • In January 2023, Oledcomm doubled the speed of its LiFiMAX range with a 2Gbps connection. The product is claimed as a high-performance, greener alternative to radio waves and wires, with decreased energy usage.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of visible light communication is estimated to observe over 35% CAGR from 2023 to 2032, attributed to the increasing usage of VLC systems across the industrial sector due to their numerous advantages and applications.

The from light-emitting diodes (LEDs) segment is anticipated to grow appreciably during 2023-2032, given the exceptional attributes of LEDs, including high modulation bandwidth, performance, and beam convergence.

The bidirectional transmission segment is set to accumulate a decent VLC market share, credited to a number of factors, such as automatic power shutdown, interconnectivity for both paths of transmission, and power level values offered by bidirectional transmission.

Leading behemoths in the visible light communication industry include Signify Holding, Lucibel, Panasonic Corporation, LVX System, pureLIFI, ACUITY BRANDS, INC., LIFI.co, and Firefly Wireless Network LLC.

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