Visible Light Communication (VLC) is a type of data communication achieved using light emitting diode (LED) technology. LEDs have characteristics of high speed flickering, and facilitate data communication and lighting.
The Global Visible Light Communication Market Is Segmented on the Basis Of End User, Data Transmission Rate, And Geography.
This technology is cost-effective, which makes it ideal for various applications. Several companies have adopted VLC as a cost-effective tool for various applications, and offers various advantages over conventional technologies. For instance, image sensors and opto-couplers are used for lighting and high speed data communication. High bandwidth is used for achieving high data transmission rate.
The End Users of the market are
The Global Visible Light Communication Market is driven by factors such as location-based services (LBS), accessibility to high bandwidth, target-based advertising, and increase in R&D investments.
Based on the Data Transmission Rate, the market is divided into up to
However, non-uniformity in standardization and complexities associated with simultaneous data transmission and reception by the same module hamper the growth of the industry. Furthermore, increase in collaboration activities among major manufacturers are expected to create opportunities for the industry.
The market is analyzed based on four Regions, namely
The key players operating in the market are
These market players have adopted various strategies such as New Products Launch, Expansion, Collaboration, Joint Ventures, Partnerships, Mergers & Acquisitions, and other strategies to consolidate their market position and gain competitive edge in the market.
The company was found with an initiative to bridge the gap between enterprises and global opportunities. It is driven by the sole motive to build an effective channel to communicate up-to-date qualitative and quantitative market intelligence with all-scale participants.
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