According to this study, the global Visible Light Communication market size will reach US$ 15260 million by 2031.

Visible Light Communication (VLC) is an emerging technology that uses visible light (which lies between 400 and 800 THz of electromagnetic spectrum) as a communication medium. VLC technology uses Light Emitting Diodes (LEDs) from a variety of sources such as indoor and outdoor lighting, monitors, illuminated signs, toys, televisions and other consumer electronics devices for communication purpose. Communication/data transfer is achieved through switching on and off of LEDs in wide range of applications.

The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.

According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was 1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached 1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was 240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.

LPI (LP Information) newest research report, the Visible Light Communication Industry Forecast looks at past sales and reviews total world Visible Light Communication sales in 2024, providing a comprehensive analysis by region and market sector of projected Visible Light Communication sales for 2025 through 2031. With Visible Light Communication sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Visible Light Communication industry.

This Insight Report provides a comprehensive analysis of the global Visible Light Communication landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Visible Light Communication portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Visible Light Communication market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Visible Light Communication and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Visible Light Communication.

This report presents a comprehensive overview, market shares, and growth opportunities of Visible Light Communication market by product type, application, key players and key regions and countries.

Segmentation by Type:

    Up to 1Mb/s Transmit Signals
    Above 1Mb/s Transmit Signals

Segmentation by Application:

    Retail Indoor Positioning
    Underwater Communication
    Hospitality
    Automotive And Transport
    Connected Devices
    In-Flight Communication
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration.

    FSONA Networks
    GE
    LightPointe Communications
    LVX System
    Nakagawa Laboratories
    Oledcomm
    Outstanding Technology
    Koninklijke Philips
    PureLiFi
    Avago Technologies
    Axrtek
    ByteLight
    Casio
    IBSENtelecom
    Lightbee
    Luciom
    Panasonic
    Plaintree Systems
    Renesas Electronics
    Supreme Architecture