Global Visible Light Communication Market was valued US$ 25.58 Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during the forecast period.
Global Visible Light Communication Market Overview:
Visible Light Communication (VLC) systems are used for creating ultra-high-speed, secure, and biologically friendly communication networks that permit the formation and expansion of unified computing applications. Such systems use modified light wavelengths emitted by a variety of sources, such as outdoor and indoor illumination, signals, display boards, televisions, computer screens, digital cameras and digital cameras on mobile phones for communication purposes, primarily through the use of Light Emitting Diodes (LEDs).
Visible light communication will exclude the need for other wireless technologies, such as Infrared (IR), Bluetooth and Wi-Fi which emit Electromagnetic interference (EMI) and RF waves that are harmful to not just instruments/devices but humans too. Thus, market is in exponential growing phase and estimated to grow with high CAGR of XX.XX% worldwide in forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.