Visible Light Communication Market Trends

Growth Drivers

Growth in the Adoption of Automotive From about 65 million vehicles sold in the world in 2021 to approximately 66 million vehicles sold globally in 2022. Therefore, owing to this, the use of visible light communication is also set to rise. Due to the presence of car lights and the infrastructure of traffic signals already in effect, it is extensively employed in vehicular communication. This could involve cooperative forward collision warning, emergency electronic brake lights, pre-crash sensing, lane change warning, left turn assistant, stop sign movement assistant, traffic signal violation warning, and curve speed warning.
Rise of its Application in the Healthcare Industry Visible light communication has been observed to be of great use in hospitals since hospitals consist of electromagnetic wave-sensitive areas (such as MRI scanners and operation theatres). Due to the fact that this spectrum does not interact with the RF spectrum, VLC is anticipated to be useful in these locations.
Advancement in Educational Institutions There has been a growing adoption of digitalization in educational institutions. Therefore, the need for high-speed data is also growing, which could be further satisfied with the installation of LED lights, further enabling visible light communication. Universities and colleges could save money on energy costs and provide high-speed internet access by installing LED lighting. In educational institutions, Li-Fi, one of the applications of visible light technology, is expected to totally replace Wi-Fi.

Challenges

Short Coverage Range Since it Operates on Light
Lack of Awareness Among People – Visible light communication technology is unknown to a large number of people. Especially in developing nations, owing to the lack of infrastructure progress, the adoption rate has been quite low. Also, the various rural parts of the world are unaware of the use of the internet. Hence, this factor is set to restrict the growth of the market.
High Cost of Installation

Visible Light Communication Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	37.2%
Base Year Market Size (2024)	USD 1.76 billion
Forecast Year Market Size (2037)	USD 107.43 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of visible light communication is assessed at USD 2.28 billion.

The 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. The market growth is propelled by growth in adoption of automotive, rise of its application in the healthcare industry, and advancement in educational institution.

North America industry is poised to account for largest revenue share of 44% by 2037, backed by growing adoption of LED lights in the region.

The major players in the market include LVX System, Panasonic Holdings Corporation, Lucibel SA, Koninklijke Philips NV, Firefly Networks LTD, Bytelight Inc., Purelifi Ltd, Oledcomm, Outstanding Technology Ltd, Axrtek Enterprises (P) LTD

Visible Light Communication Market Trends