Published Date : Jul 03, 2017
ALBANY, New York, July 3, 2017 - MarketResearchReports.biz has announced the addition of a new report, titled “Global Visible Light Communication Market 2015-2019”, to its offering. The report on global visible light communication market offers in-depth and comprehensive insights into key drivers and restraints, notable trends and emerging opportunities, share and size of major segments, and competitive dynamics. The study highlights recent technology advancements and the factors boosting the implementation of major technologies in various areas of application. Furthermore, it takes a closer look at recent developments culminating in disruptive technologies expected to positively impact the visible light communication market.
The report assesses the impact of opportunities and threats on the offerings of the vendors. Furthermore, it takes a closer look atrecent integration initiatives by prominent phone makers and LED manufactures to capitalize on the technology. The global visible light communication market is projected to expand at a spectacular CAGR of 64% during the forecast period of 2015–2019. The market is primarily driven by the availability of cost-effective high-speed bandwidth.
Compared to radio frequency bandwidth, the scope of bandwidth frequency spectrum of visible light is quite expansive leading to the popularity of this technology. The growing prominence of visible light communication technologies over Wi-Fi is attributed to the substantial cost-effectiveness and the benefit of high-speed networking for indoor applications. The growing application of visible light communication in indoor networking is a key development expected to open up lucrative growth avenues for market players over the forecast period. The segment of indoor networking application is anticipated to rise at an impressive CAGR of approximately 65% over the forecast period.
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The prevalence of indoor position apps forms a key part of the targeted advertising strategy of retailers and help boost their sales. Prominent lighting manufacturers such as Philips and GE are making substantial investments in visible light communication technologies, thereby boosting the market.
The major regional markets for visible light communication are Americas, Europe, and APAC. Of these, the Americas contributes the largest highest revenue and is expected to dominate the market throughout the forecast period. The regional market is expected to rise at a CAGR of over 65% during the forecast period. The growth of the regional market is attributed to the demand for high-speed and secure wireless communication technologies in various countries.
Several phone manufacturers in developing and developed nations are focusing on integrating the visible light technology in smart mobile devices, in a move to increase its popularity and gain a competitive edge over others. In recent years, the market has witnessed the advent of several light manufacturers, hoping to gain a sustained share in the market. Major vendors operating in the market include fSONA Systems Corp, Plaintree Systems, Avago Technologies, pureLiFai, Outstanding Technology, Nakagawa Laboratories, Plaintree Systems Inc., and LightPointe Communications, Inc.
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