According to a market report by Lucintel, the future of the global visible light communication market looks promising with opportunities in the consumer electronic, defense and security, transportation, public infrastructure, and life sciences markets. The global visible light communication market is expected to reach an estimated $28.9 billion by 2030 with a CAGR of 39.7% from 2024 to 2030. The major drivers for this market are rising adoption of LED lighting systems, increasing need for high-speed communication networks, and growing demand for building smart city infrastructure.
In this market, uni-directional and bi-directional are the major segments
of visible light communication market by transmission type.
Lucintel forecast that bi-directional is expected to witness highest
growth over the forecast period.
Within this market, consumer electronics is expected to witness highest
growth.
North America will remain the largest segment over the forecast period
due to adoption of VLC technology and presence of major players in the region.
Koninklijke Philips, LVX System, Bytelight, Panasonic Corporation,
Purelifi, Oledcomm, Lucibel SA, Outstanding, Axrtek Company, and Firefly
Wireless Networks are the major suppliers in the visible light communication
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related Reports
1.Computer and Peripheral
Connector Market
2.Multilayer Ceramic Capacitor Market
3. Semiconductor Wafer Cleaning
Equipment Market
4. Printed Circuit Board Market
No comments:
Post a Comment