The Global Visible Light Communication Market Is Expected To Grow With A Cagr Of 39.7% From 2024 To 2030

By Author: Lucintel LLC
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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
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