The global Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market was projected at US$ 454.8 million in 2015 and is anticipated to touch US$ 101.30 billion by the completion of the year 2024. The technology of light fidelity is meant for the wireless communication amid the devices utilizing the spectrum of visible light and infrared to transfer information and location. For the broadcast of visible light, merely LED lamps can be utilized in its present-day condition.
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Market Synopsis of Visible Light Communication Market:
In terms of technology it can be
referred to as a visible light transport network system, which is able to
conveying information by high speeds above the spectrum of infrared and visible
light. The communication is fully networked wireless, high speed, and
bi-directional. It provides access to multiple user and mobility.
By way of the continually
developing technologies for example Internet of Things (IoT), and 5G wireless
broadband, the technology of light fidelity is certainly going to expand to the
numerous additional arenas of applications for example education, aviation,
healthcare, and retail. It will entirely alter the presently existing business
verticals in the world today.
The technology of light fidelity
can connect faraway and aloof topographies through the nation that cannot be
touched over the optical fiber. It is extensively utilized in projects of smart
city. Upsurge in government investment in the projects of smart city increases
the demand for light fidelity.
Drivers and Restraints:
Increasing demand for wireless
internet connection and growing necessity for high speed and protected
technology of data transmission having negligible interference are the most
important issues motivating the development of the global visible light
communication (VLC) market. Growing usage of LED lights in light fidelity due
to its fewer consumption of energy, extensive life span, low-slung price, and
easy obtainability, are bolstering the global market.
Additionally, the growing demand
for higher bandwidth, rewards linked with visible light communication (vlc)
technology, and great development in the Research & Development activities
to overwhelm the practical challenges are estimated to motivate the global
market for the duration of the forecast. Yet, absence of alertness regarding
the technology of light fidelity hampers the development of the market.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Visible Light
Communication: Market Variables, Trends & Scope
Chapter 4 Visible Light
Communication: Product Estimates & Trend Analysis
Chapter 5 Visible Light
Communication: Application Estimates & Trend Analysis
Chapter 6 Visible Light
Communication: End-use Estimates & Trend Analysis
Chapter 7 Visible Light
Communication: Industrial End-use Estimates & Trend Analysis
Chapter 8 Visible Light
Communication: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Visible Light
Communication: Manufacturers Company Profiles
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