The global visible light communication (VLC) market is expected to grow at a significant CAGR during the forecast period (2021-2027). The fast-growing presence of LEDs in nearly every signaling or illumination entity is the key driver for the rise of the high-speed VLC. The abundance of wireless applications is another significant motivator for VLC systems. According to the Federal Communications Commission (FCC), due to the exponential rise in demand for wireless transmission capacity, a spectrum deficit (i.e., a lack of useable radio frequencies for new wireless applications) is foreseen. This, in turn, is accelerating market growth.

The automotive and transportation sector is expected to grow significantly. With the growing population and number of vehicles on the road, traffic management is a large field that faces several issues. For successful management, the volume of data exchanged via Wi-Fi on the street is neither sufficient nor secure. VLC has a strong future in vehicle-to-vehicle and vehicle-to-infrastructure communication, in addition to traffic management. LEDs are being used to replace most automotive headlights and taillights. These LEDs can be transformed by VLC for car-to-car communication. This aspect can support anti-collision systems and the interchange of various types of data between cars. Due to the usage of LED illumination in traffic lights, it is becoming a viable option in citywide traffic management systems, such as pedestrian signals and traffic signals that employ VLC. For instance, street lights that communicate with a pedestrian's VLC-enabled smartphone can control car traffic and allow pedestrians to cross a street. 

VLC technology in traffic systems allows drivers to connect and create information from traffic lighting systems through smart devices or car headlights. Using tail lights, this information can also be communicated to other cars. This technology can be used to send information such as traffic updates, the quickest estimated time of arrival to a given area (including traffic congestion), or even internet access. Drivers may, however, use smart devices while driving, posing difficulty. The optimal solution to this problem is to embed a visible communication system within the vehicle and communicate information using the car's headlights. However, noise may reduce the efficiency of these intelligent traffic systems, lowering the adoption rate of VLC systems.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Component 

o By Application  

• Competitive Landscape: General Electric Co., Koninklijke Philips N.V., and Acuity Brands Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Visible Light Communication Market Report Segmentation

By Component 

• LED

• Photo Detector

• Microcontroller 

• Software

By Application 

• Consumer Electronics

• Automotive and Transportation

• Hospital

• Aviation

• Defense and Security

• Others

Global Visible Light Communication Market by Region