Persistence Market Research
The growing concern for low power consumption and green technology is driving the demand of visible light communication market. Visible light communication has major applications in retail indoor positioning, automotive, connected device, healthcare, defense & security and underwater communication. The implementation of visible light communication is high in retail indoor positioning and is fuelling the visible light communication market.
The growing acceptance of LED by consumers because of its features like low cost, energy efficient and long life span is boosting the visible light communication market. The government promotions for green environment and smart LED is driving visible light communication market. In terms of communication type, unidirectional has higher adoption rate due to technical challenges in bidirectional communication. However, bidirectional communication adoption will increase during the forecast period and will boost visible light communication market.
Visible Light Communication Market: Drivers and challenges
Technological advancements like low power consumption and increased bandwidth when compared to RF technology is driving visible light communication market. The growing demand of connected car and increasing vehicle to vehicle & vehicle to roadside communication is driving the visible light communication market. Smart retails and hospitals are the early adopters of visible light communication technology. The growing demand of smart hypermarkets and smart hospitals are significantly creating a potential demand of visible light communication technology and is contributing to the growth of visible light communication market during the forecast period.
The failure of visible light communication due to environmental factors like fog, pollution, change in density of air or weather change is a key technological challenge for visible light communication market. Another major challenge for visible light communication market is its high installation and repair cost which is impacting its adoption in emerging countries like India and Thailand.
Visible Light Communication Market: Segmentation
Segmentation based on component are LED, Photodetector and Microcontroller
Segmentation based on end-user industry is Retail, Automotive, Hospital, Defense & Security, Underwater communication, In-flight communication, and Others
In February 2017, Philips announced its Location Lab partner program and invited companies to develop application for its highly accurate indoor positioning system. First companies to join Location Lab partner program was Microsoft, SAP and Capgemini.
Key players for Visible light communication market are General Electric, fSONA Networks, Philips, LVX System, LightPointe Communications, Outstanding Technology, Oledcomm, Nakagawa Laboratories, pureLiFi, ByteLight, Luciom, Renesas Electronics, Panasonic and IBSENtelecom.
Presently, North America holds the largest market share of visible light communication market because of the high adoption rate of advanced technology by end consumers and availability of advanced infrastructure for communication.
Japan is also increasingly adopting visible light communication due to the high demand of vehicle to vehicle communication from automotive domain.
The report covers exhaustive analysis on:
Visible Light Communication Market Segments
Regional analysis for Visible Light Communication Market includes development in the following regions:
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