Visible Light Communication Market 2021: Growth Opportunities, Sales, Revenue, Consumptions, Industry Analysis and Forecasts 2024
“Visible Light Communication Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Visible Light Communication market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).
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Key Market Trends:
Automotive Segment expected to witness a Significant Growth
– Traffic management is a broad segment facing numerous challenges, with increasing population and vehicles on the road. The amount of data transferred through Wi-Fi on the street is neither sufficient nor secure enough for effective management. Apart from aiding traffic management, a promising application for VLC is in vehicle-to- vehicle and vehicle-to-infrastructure communication.
– Most car headlights and tail lights are being replaced with LEDs. VLC can transform these LEDs for car-to-car communication. This factor can improve anti-collision systems and facilitate the exchange of a range of information between vehicles.
– As traffic lights use LED lighting, it is an emerging opportunity in citywide traffic management systems, like pedestrian signals and traffic signals using VLC. For instance, street lights communicating with a pedestrian’s VLC-equipped smartphone can regulate vehicle traffic, allowing pedestrians to cross a street.
– The use of VLC technology in traffic systems allows the drivers to use smart devices or car headlights, in order to connect and generate information from traffic lighting systems. This information can also be transmitted to other cars using tail lights. Information, such as traffic updates, shortest estimated time of arrival to a specific location (considering traffic congestion), or even internet access can be communicated through the usage of this technology.
– However, drivers may use smart devices while driving, which may act as a challenge. The ideal way to overcome this challenge is to incorporate a visible communication system in the vehicle, and use the vehicle’s headlights to send information. However, the efficiency of these intelligent traffic systems may be affected due to noise, which may impact the adoption rate of VLC systems.
North expected to account for the Largest Market Share
– North is the most prominent market for VLC due to increasing investment in R&D in advanced technological solutions, such as artificial intelligence, sustainable energy projects, and big data analytics. The major wireless network providers in the region, such as Telus Corp, Rogers Communications Inc., and BCE Inc.’s Bell Mobility are investing heavily in R&D activities in VLC, along with 5G technology to increase their market share among the wireless and internet service providers. The implementation of Li-Fi technology is expected to boost the US economy and aid in the economic growth and create job opportunities.
– The is the most prominent market for VLC technology, owing to increasing investments in R&D in advanced technological solutions, such as artificial intelligence, sustainable energy projects, and Big Data analytics. The is the first country to install 5G wireless networks, making the country the global test bed for LTE services and apps.
– The lighting industry is embracing new ground-breaking business opportunities through VLC, as data transmission governs all the major sectors in the United States, including the government sector. Further, government initiatives, such as “Gigabit Communities” that helps make the one of the high capacity and the super-fast ubiquitous broadband networks, enhance the adoption of VLC opportunities.
– After the United States, Canada is another major adopter of technological advancements, globally. Major technological adoption in the end-user industries, like the telecommunication and government sectors, is aiding the growth of the market in Canada.
– In 2016, Canadian telecommunication’s revenues amounted to USD 48.6 billion, with the vast majority of 92% derived from retail services and the remaining from the wholesale sector. Of this, the wireless and internet services constitute more than 70% of the market, thus indicating significant opportunities for the VLC market.
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Scope of the Report:
Visible Light Communication market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Visible Light Communication market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Visible Light Communication market have also been involved in the study.
Market Dynamics: –
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
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Key Questions Answered in Market Report: –
- What will the market growth rate, Overview and Analysis by Type of Visible Light Communication market in 2023?
- What are the key factors driving, Analysis by Applications and Countries Visible Light Communication market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Visible Light Communication ?
- Who are Opportunities, Risk and Driving Force of Visible Light Communication market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
- Who are the opportunities and threats faced by the vendors in Visible Light Communication space? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Visible Light Communication market opportunities, market risk and market overview of the Market?
Lastly, the Global Visible Light Communication Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.
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Study objectives of Visible Light Communication Market Report:
- To provide a detailed analysis of the market structure along with the Visible Light Communication market forecast of various segments and sub-segments of the Visible Light Communication market
- To provide insights into factors influencing and affecting market growth
- To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
- To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
- To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
- To provide economic factors, technology and Visible Light Communication market trends that influence the global Visible Light Communication market
Detailed TOC of Visible Light Communication Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers/Consumers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain / Supply Chain Analysis
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Competition from other Wireless Communication Technologies
5.1.2 High Demand for Building Smart City Infrastructure
5.2 Market Challenges
5.2.1 Threat From Government Policies and Lack of Awareness
6 MARKET SEGMENTATION
6.1 By Components
6.1.1 Light Emitting Diodes
6.1.4 Software and Services
6.2 By Transmission Type
6.3 By Application
6.3.1 Consumer Electronics
6.3.2 Defense and Security
6.3.4 Public Infrastructure
6.3.5 Life Sciences
6.3.6 Other Applications
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
126.96.36.199 Rest of Latin
6.4.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East & Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Koninklijke Philips NV
7.1.2 LVX System
7.1.3 Bytelight Inc. (A Acuity Brand’s Company)
7.1.4 Panasonic Corporation
7.1.5 Purelifi Ltd
7.1.7 Lucibel SA
7.1.8 Outstanding Technology Co. Ltd
7.1.10 Firefly Wireless Networks LLC
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
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