Global Visible Light Communication Industry

Global Visible Light Communication Industry

  • April 2021 •
  • 184 pages •
  • Report ID: 5799930 •
  • Format: PDF
Abstract:
- Global Visible Light Communication Market to Reach $111.9 Billion by 2027
- Amid the COVID-19 crisis, 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 aCAGR 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. After an early analysis of the business implications of the pandemic and its induced economic crisis, 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)