United States Visible Light Communication Market to Grow at 20% through 2020
Increasing mobile data traffic, spiking demand for ultra-fast data emission, along with increasing power efficiency of LEDs to drive the United States visible light communication market
According to recently released TechSci Research report, “United States Visible Light Communication Market Forecast and pportunities, 2020”, Visible Light Communication (VLC) market in the United States is projected to surpass grow at a CAGR of more than 20% during 2015 – 2020. The market is forecast to exhibit exponential growth during the forecast period on account of rising mobile data traffic, growing research & development activities, and increasing government support. Growing adoption of LED lights, coupled with rising awareness of high data transmission rate provided by VLC, is further driving the visible light communication market in the country.
The report reveals that VLC technology is capable of generating high data transmission rates, almost 10,000 times more than radio frequency spectrum, and uses LED lights for data transmission, which are over 6 times more energy efficient than standard light sources. Further, due to zero electromagnetic interference, VLC technology can also be deployed in radiation sensitive areas such as hospitals, nuclear plants, etc., where use of other communication technologies such as Wi-Fi is not viable. Moreover, various leading government and research institutions are investing heavily towards evolving visible light communication technology, to increase its data transmission range and enhance its architecture.
“Increasing adoption of Bring Your Own Devices (BYOD), rising internet connectivity, and growing number of connected devices are driving the use of VLC technology in indoor networking applications, location based applications, underwater communication, intelligent transportation system, etc. Indoor networking applications, involving use of VLC in residential complexes, business warehouses, commercial and public malls, indoor stadiums, etc., was the largest revenue generating segment in the market in 2014. In addition, VLC technology is also being increasingly used in advanced applications such as Internet of Things (IoT) and Machine to Machine (M2M) applications.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Visible Light Communication Market Forecast and Opportunities, 2020”, has evaluated the future growth potential of United Stated visible light communication market, and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends, along with essential drivers, challenges and opportunities in United States visible light communication market.