Visible Light Communication Market size is anticipated to reach over USD 5 Billion by the end of 2035, growing at a 38% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of visible light communication was about USD 1 Billion. This growth in the market is dominated by the growing consumption of the internet. Globally, about 6 billion people in 2022 were estimated to be internet users, compared to 5 billion in 2021. Owing to this, there has been growing innovation in technology, which has further led lighting technology to set its feet on visible lighting communication. Hence, with the guidance of visible light technology, the rising demand for the internet could be resolved since it provides high-speed internet.
Additionally, VLC signals are most suitable for security-related applications since they are incapable to flow through barriers. Additionally, they are also considered secure for use in petrochemical plants and mining environments owing to their VLC technology. Therefore, with the surge in demand for oil and the growing extraction of resources, the demand for visible light technology is poised to grow in the market.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~38% |
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Base Year Market Size (2022) |
~ USD 1 Billion |
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Forecast Year Market Size (2035) |
~ USD 5 Billion |
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Regional Scope |
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Application (Consumer Electronics, Defense & Security, Transportation, Public Infrastructure, Life Sciences)
Visible light communication market from the public infrastructure segment is expected to generate the highest revenue by the end of 2035. This since, the adoption of visible light communication is growing in public infrastructure. These public infrastructures such as retail, hospitals, office buildings, and other indoor infrastructure. Due to its low cost and utilization of the existing lighting infrastructure, VLC is possible to serve devices in indoor spaces. Additionally, it offers a high-speed transmission that uses a large amount of the visible light spectrum without a license, ensuring security since these signals are incapable to pass through walls.
Component (Photodetectors, Microcontrollers, LED, Software & Services)
The LED segment in the visible light communication market is poised to have noteworthy growth over the forecast period. The adoption of LED is growing in various applications such as automotive, and lighting applications in infrastructure. Moreover, their use is also growing on streets as well as in refrigerators. Hence, LED light is replacing the conventional lighting method further giving scope for the adoption of visible light communication.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Transmission Type |
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Application |
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North American Market Forecast
The North America visible light communication market is set to have the largest growth by the end of 2035, backed by the growing adoption of LED lights. Between 2017 and 2035, it is expected that there would be a rise in the number of LED light installations in the United States, from about 2 billion units installed in 2017 to around 8 billion units in 2035. Additionally, the investment in R&D for the innovation of artificial intelligence, big data analytics, and sustainable energy is growing. Hence, this factor is also poised to have an influence on the visible light communication market in this region.
APAC Market Statistics
The visible light communication market in Asia Pacific is also estimated to grow over the forecast period. The growth of the market in this region can be attributed to rising smart city initiatives by the government. The Internet of Things (IoT) has a huge impact on the idea of smart cities. Further, combining Li-Fi and IoT could significantly improve smart cities. Hence, the adoption of visible light communication is anticipated to rise. Moreover, large-scale connectivity would be also made feasible by Li-Fi, which would also automate a number of smart city activities. In a large number of Asia Pacific nations LED lights have already been installed and are currently used to light up most public areas. Therefore, it is also anticipated to boost visible light communication market demand in this region.
Author Credits: Abhishek Verma, Hetal Singh
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