Visible Light Communication Market Size

Q: What is the key market trend for Visible Light Communication Market?

Adoption of Li-Fi in Consumer Electronics: One of the notable global visible light communication industry trends is the adoption of Li-Fi. Li-Fi, or "Light Fidelity," is a VLC-based replacement for Wi-Fi that is already being trialed in wearables, laptops, and smartphones to gain high internet speeds. When it comes to Li-Fi modules for OEM adoption, pureLiFi and Signify are leaders in the market. There is a chance that this trend will totally revolutionize consumer connections, especially in areas where radio frequency (RF) transmission is restricted or unreliable.

Visible Light Communication Market Insights

Global Visible Light Communication Market size was valued at USD 3.4 billion in 2023 and is poised to grow from USD 4.83 billion in 2024 to USD 80.83 billion by 2032, growing at a CAGR of 42.2% during the forecast period (2025-2032).

The demand for rapid data transmission, safety of data, a looming shortage in RF spectrum, and quite a few more advantages of technology as opposed to Wi-Fi technology is to be held accountable for the need for visible light communication predominantly. For being cost-saving itself, besides everything else, Li-Fi enjoys many advantages over available Wi-Fi technology with regards to, all round about, 100-fold data transmission capability, better protection of data, lack of electromagnetic interference, and consumption of power.

For instance, in April 2024, Oledcomm introduced its LiFiMAX2G system, which is a high-speed Li-Fi offering data speeds of up to 2 Gbps. The technology addresses the increasing demand for high-speed data transfer by offering 100 times faster data transfer compared to traditional Wi-Fi. In addition, Li-Fi's enhanced data security is applied in secure communication settings because it uses visible light to transfer data, which is more difficult to intercept.

Moreover, one of the prime macroeconomic growth drivers of the global visible light communication (VLC) market growth is the world's growing digitization. For instance, the increased focus of the Indian government on creating a digitally enabled economy is expected to contribute positively to the market, with major digital sectors such as information technology and business process management, digital communications services, and electronics manufacturing poised to double their GDPs to USD 355-435 billion by 2025. More smartphones, laptops, and other devices are VLC receiver-enabled today, making it easier for consumers and businesses to deploy VLC solutions.

FAQs

Global Visible Light Communication Market size was valued at USD 2.44 Billion in 2023 and is poised to grow from USD 3.45 Billion in 2024 to USD 53.85 Billion by 2032, growing at a CAGR of 41% in the forecast period (2025-2032).

There is lots of activity within the global visible light communication sector, and the players within it are heavily focusing on collaborations, research and development investments, and varying product offerings. For example, Signify has entered into agreements with business centers and schools in order to launch license-free wireless internet. rawLiFi is collaborating with original equipment manufacturers (OEMs) to implement consumer devices. There is also growth in the number of industry players venturing into the defense and healthcare industries, both of which need secure communication with low latency. There is also transformation in the environment due to market consolidation and acquisition, which results in enhanced technological capabilities and global presence. 'Signify (Philips Lighting)', 'pureLiFi', 'Oledcomm', 'VLNComm', 'Lucibel', 'Acuity Brands', 'General Electric', 'Panasonic', 'Renesas Electronics', 'Axrtek', 'Firefly LiFi', 'Fraunhofer HHI', 'Velmenni', 'Qualcomm', 'fSONA Networks'

Growing usage of VLC is being necessitated by the need for faster, more secure, and interference-free data connection. Compared to RF-based systems, VLC provides better bandwidth, electromagnetic interference immunity, and higher data rate, one that is up to 100 times higher than that of Wi-Fi connectivity. The defense sector, the medical sector, and the manufacturing sector are all relying on VLC because they are the kind of businesses that provide secure communications without sacrificing signal jamming or interception.

Adoption of Li-Fi in Consumer Electronics: One of the notable global visible light communication industry trends is the adoption of Li-Fi. Li-Fi, or "Light Fidelity," is a VLC-based replacement for Wi-Fi that is already being trialed in wearables, laptops, and smartphones to gain high internet speeds. When it comes to Li-Fi modules for OEM adoption, pureLiFi and Signify are leaders in the market. There is a chance that this trend will totally revolutionize consumer connections, especially in areas where radio frequency (RF) transmission is restricted or unreliable.

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