Increasing government funding, lack of capacity or bandwidth limits, and increasing research and development activities are key factors driving the visible light communications market.However, lack of technological knowledge restricts to the growth of visible light communication market.
Contrarily, global acceptance of bidirectional VLC by different industry verticals, and emergence of new applications such as IoT and 5G are the opportunity factors for the global market during forecast period.
The potential of VLC have been driven by the increasing adoption of mobile electronic devices. Demand for wireless capability represents a 10 times increase in mobile traffic over the next five years, as Cisco recently estimated.
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But mobile carrier speeds are projected to increase by only 9 per cent over the same period.More than 70% of all mobile traffic happens in homes and most of it happens in certain places, there is a huge opportunity to offload traffic at a localized access point such as WiFi or small cell.
Vehicle lights and existing traffic light infrastructure allow visual light communication to be used for vehicle communication. The high importance function identified by the vehicle security communications development include pre-crash identifying, helpful forward collision warning, lane change caution and extra electronic brake lights. Therefore, increasing adoption of visual light communication in tourism industry.
Major players analyzed includeBytelight Inc., Casico Computer Co. Ltd., Fsona Networks Corp., Gallium Lighting LLC., IBSEN telecom Ltd., LSA Inc., Light Point Communications Inc., Nakagawa Laboratories Inc., Outstanding Technology Co. Ltd., and Wireless Excellence Limited.
Impact of COVID-19 onVisible Light Communication Market:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global visible light communication market in 2020.
- Currently, there are travel restrictions all around the globe to stop the spread of COVID-19, which has affected the visible light communication market in a negative manner.
- Overall, the pandemic is expected to have a negative impact on the global visible light communication market.
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