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Visible Light Communication Market by End User, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR43300
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The visible light communication market size has the potential to grow by USD 91.7 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (retail, consumer electronics, automotive transportation, healthcare, and others), geography (North America, Europe, APAC, South America, and MEA), and application (indoor networking, LBS, ICE, underwater communication, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including fSONA Systems Corp., General Electric Co., Koninklijke Philips NV, and LVX System of fSONA Systems Corp., General Electric Co., Koninklijke Philips NV, LVX System of Companies, Nakagawa Laboratories Inc., Oledcomm, Panasonic Corp., pureLiFi Ltd., Renesas Electronics Corp., and Viavi Solutions Inc.

Market Overview

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Market Competitive Analysis

The market is fragmented. fSONA Systems Corp., General Electric Co., Koninklijke Philips NV, and LVX System of fSONA Systems Corp., General Electric Co., Koninklijke Philips NV, LVX System of Companies, Nakagawa Laboratories Inc., Oledcomm, Panasonic Corp., pureLiFi Ltd., Renesas Electronics Corp., and Viavi Solutions Inc. are some of the major market participants. Factors such as the growing penetration of automation process in industries will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this visible light communication market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this visible light communication market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • fSONA Systems Corp.
  • General Electric Co.
  • Koninklijke Philips NV
  • LVX System of fSONA Systems Corp.
  • General Electric Co.
  • Koninklijke Philips NV
  • LVX System of Companies
  • Nakagawa Laboratories Inc
  • Oledcomm
  • Panasonic Corp.
  • pureLiFi Ltd.
  • Renesas Electronics Corp.
  • Viavi Solutions Inc.

 

Visible Light Communication Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The faster and safer data transfer will significantly influence visible light communication market's growth in this region.

45% of the market’s growth will originate from North America during the forecast period. The US  is the key markets for visible light communication market  in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the visible light communication market size.

Visible Light Communication Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will visible light communication market growth during the next five years
  • Precise estimation of the visible light communication market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the visible light communication industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of visible light communication market vendors

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Visible Light Communication Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 81%

Market growth 2020-2024

USD 91.7 billion

Market structure

Fragmented

YoY growth (%)

77.50

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 45%

Key consumer countries

US, China, Japan, Germany, UK, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

fSONA Systems Corp., General Electric Co., Koninklijke Philips NV, Nakagawa Laboratories Inc, and Oledcomm

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Indoor networking - Market size and forecast 2019-2024
    • LBS - Market size and forecast 2019-2024
    • ICE - Market size and forecast 2019-2024
    • Underwater communication - Market size and forecast 2019-2024
    • Market opportunity by Application

    Market Segmentation by End-user

    • Market segments
    • Comparison by end-user
    • Retail - Market size and forecast 2019-2024
    • Consumer electronics - Market size and forecast 2019-2024
    • Automotive and transportation - Market size and forecast 2019-2024
    • Healthcare - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by end-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Volume driver-Demand led growth
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • fSONA Systems Corp.
      • General Electric Co.
      • Koninklijke Philips NV
      • LVX System of Companies
      • Nakagawa Laboratories Inc.
      • Oledcomm
      • Panasonic Corp.
      • pureLiFi Ltd.
      • Renesas Electronics Corp.
      • Viavi Solutions Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The visible light communication market growth will increase by $91699.02 million during 2019-2024.
      The visible light communication market is expected to grow at a CAGR of 80.53% during 2019-2024.
      Technavio has segmented the visible light communication market by end user (Retail, Consumer electronics, Automotive and transportation, Helathcare, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
      fSONA Systems Corp., General Electric Co., Koninklijke Philips NV, LVX System of Companies, Nakagawa Laboratories Inc., Oledcomm, Panasonic Corp., pureLiFi Ltd., Renesas Electronics Corp., Viavi Solutions Inc. are a few of the key vendors in the visible light communication market.
      North America will register the highest growth rate of 45.14% among the other regions. Therefore, the visible light communication market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Japan
      • Germany
      • UK
      • South Korea (Republic of Korea)
      The key factors driving the visible light communication market growth are:
      • Growing penetration of automation process in industries
      The visible light communication market vendors should focus on grabbing business opportunities from the retail segment as it accounted for the largest market share in the base year.
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