Visible Light Communication Market Size

Visible Light Communication Market size was over USD 1.76 billion in 2024 and is projected to reach USD 107.43 billion by 2037, witnessing around 37.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of visible light communication is assessed at USD 2.28 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.