Visible Light Communication Market Growing at 77.86% CAGR during 2017 to 2021

ReportsnReports.com adds Global Visible Light Communication Market 2017-2021 latest research report. This report covers the present scenario and the growth prospects of the global visible light communication market for 2017-2021.

The visible light communication market report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. VLC is a wireless technology that uses light emanated from LED bulbs in order to provide a network for high-speed communication parallel to Wi-Fi. Thus, it is also referred to as Li-Fi. Visible light spectrum is 10,000 times larger than radio frequency spectrum, and it is considered as an answer to the bandwidth limitations of radio frequency. It uses visible light between 400 THz and 800 THz, with achievable data rates reaching 100 Mbps. It may be used as an individual solution, along with cellular network communication or radio-frequency. This technology is a faster and cheaper optical version of Wi-Fi.

Complete report on visible light communication market spread across 76 pages, analyzing 9 major companies and providing 32 data exhibits are now available at http://www.reportsnreports.com/reports/832181-global-visible-light-communication-market-2017-2021.html .

The analysts forecast global visible light communication market to grow at a CAGR of 77.86% during the period 2017-2021. One trend in market is adoption of LEDs. The energy efficiency, longevity, and cost effectiveness of LEDs will boost the adoption of these lighting devices. LEDs will gradually replace all fluorescent and incandescent lights in the market in the near future. The possibility of using LEDs for lighting as well as communication will likely be a factor that will speed up the adoption of these lights. For instance, if the lights in offices and houses are replaced with LEDs, free space optical communications can be achieved.

Key players in the global visible light communication market: fSONA Networks, GE, LightPointe Communications, LVX System, Nakagawa Laboratories, Oledcomm, Outstanding Technology, Koninklijke Philips, and pureLiFi. Other Prominent Vendors in the market are: Avago Technologies, Axrtek, ByteLight, Casio, IBSENtelecom, Lightbee, Luciom, Panasonic, Plaintree Systems, Renesas Electronics, and Supreme Architecture.

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One driver in market is availability of greater bandwidth. With an enhanced lighting technology, VLC will offer a much greater bandwidth. The illumination LEDs that are currently in use are designed to be of low bandwidth, as they are supposed to deliver a constant illumination at high power. Nevertheless, the sector is moving toward RGB, where each individual channel has a higher bandwidth. One can also add several different colors to multiplex that is over different channels. For instance, laser LEDs are incorporated in BMW i8 headlights to have a very long range communication, and these have even higher bandwidths.

Though the market is currently at the nascent stage, it is characterized by the presence of a considerable number of vendors and is extremely competitive. The market has a huge potential for growth and is witnessing increased investments towards the development of new products. Factors including increased funding from the governments of several nations, R&D activities, bandwidth limitation, and acceptance among electronic device manufacturers will further contribute to the growth of the market.

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