Visible Light Communication Market Share

North American Market Forecast

The North America visible light communication market is set to have the largest growth by the end of 2037, backed by the growing adoption of LED lights. Between 2017 and 2037, 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 2037. 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.