The Market for Visible Light Communications is Growing as a Result of Technology Advances and Competition

As LED adoption increases, so does the technology’s potential as a source of data transference

A new report from Navigant Research examines visible light communications (VLC) technologies, providing an analysis of market drivers and barriers, with insight on various applications for VLC technologies and key market players.

As the number of residential connected devices continues to climb, the bandwidth limits of Wi-Fi are becoming more apparent. When maximum data capacity to support these devices is reached, the VLC market is expected to grow substantially. Click to tweet: According to a new report from @NavigantRSRCH, while VLC technology is only five years old, significant advancements have been made, and a number of companies have seized the opportunity to stake a place in this emerging market.

“VLC technology is in early stages of development and is hindered by the uncertainty surrounding standardization, lack of consumer awareness, and privacy concerns,” says Krystal Maxwell, research analyst with Navigant Research. “However, the VLC market, which is technology driven, provides safer and quicker transmittal of data, and can be an additional source of communication as data traffic increases due to an increasing amount of connected devices.”

Light-emitting diodes (LEDs), which are growing in popularity, are also growing in potential as a source of data transference, according to the report. LEDs have the ability to create a data source because of their ability to modulate, a process that is invisible to the human eye.

The report, Visible Light Communications, analyzes VLC technologies, focusing on the current and projected state of the global market. The study provides an analysis of market drivers, such as the development of technology, an increase in connected devices, and a safer transmitting option, as well as barriers, most notably the lack of consumer awareness, privacy concerns, and lack of standardization. It also examines the various applications for VLC technologies and provides insight into key market players. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.303.493.5477

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Visible Light Communications is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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