Visible Light Communication

Visible Light Communication

Global Visible Light Communication Market to Reach $111.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Visible Light Communication estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$111.9 Billion by 2027, growing at a CAGR of 72.9% over the period 2020-2027. Uni-directional, one of the segments analyzed in the report, is projected to record 71.9% CAGR and reach US$74.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bi-directional segment is readjusted to a revised 75.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $743.6 Million, While China is Forecast to Grow at 69.3% CAGR

The Visible Light Communication market in the U.S. is estimated at US$743.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.2 Billion by the year 2027 trailing a CAGR of 69.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 65.4% and 62.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 49.4% CAGR.

Select Competitors (Total 46 Featured) -

• Acuity Brands Lighting Inc.
• Fraunhofer HHI
• Fsona Networks Corp.
• General Electric Company
• Ibsentelecom Ltd.
• LightPointe Communications, Inc.
• Lucibel SA
• Lvx System
• Oledcomm
• Panasonic Corporation
• Plaintree Systems Inc.
• Purelifi Ltd.
• Signify Holding
• Trimble Hungary Kft.
• Wireless Excellence Limited (CableFree)

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