Visible Light Communication Market expected to grow by USD 316.02 billion from 2024 to 2028

The global visible light communication market  size is estimated to grow by USD 316.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 89.62%  during the forecast period.  Growing penetration of process automation in industries is driving market growth, with a trend towards vlc-based 5g network.

Visible Light Communication (VLC) is a significant component of 5G technology, utilizing LED bulbs to transmit data at high speeds. This innovation offers dependable, super-fast connectivity, reaching up to 10 Gbps - 250 times faster than existing high-speed broadband. VLC's major advantage lies in its ability to provide reliable connectivity in areas where Wi-Fi fails, such as airplanes, submarines, hospitals, and nuclear power stations. China is planning to operate a fully functional VLC-based 5G network for the Winter Olympics in 2022. The increasing adoption of LED bulbs and the growing potential for smart city applications will fuel the market's growth. Opportunities include downloading traffic information from traffic lights or program guides from TVs. The affordability, reliability, and security of VLC make it an attractive alternative to Wi-Fi infrastructure. Consequently, the market for visible light communication-based 5G networks is expected to expand during the forecast period.

The Visible Light Communication (VLC) industry is experiencing significant growth, driven by trends in various sectors. Small Local Area Networks (LAN) and smart lighting systems are integrating VLC technology for energy-efficient data transmission. In retail, smart stores use VLC for contactless payments and inventory management. Smartphones and VR headsets are adopting VLC for high-speed data transfer, eliminating the need for Wi-Fi, WiMAX, 3G systems, and 5G. VLC is also being used in underwater communication, traffic lights, streetlights, and trees for efficient data transfer. Unidirectional VLC is being used in industries like aerospace, automotive, and autonomous vehicles for bidirectional transmission. VLC sources like white LEDs and blue LEDs are powering this technology. The future holds promise with the adoption of Li-Fi, bidirectional VLC technology, battery-free duplex communication, voice-only traffic, and big data analytics. VLC receivers and sources are being used in various industries, including backhaul carrier technologies, making VLC a game-changer in wireless networks.