Visible Light Communication Market Segmentation:
Application Segment Analysis
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 Segment Analysis
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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