Research reveals the value of the VLC/LiFi market

The growing demand for green technology solutions with low power consumption is encouraging the development of advanced communication systems. VLC is a disruptive technology and is therefore expected to grab a substantial portion of the WiFi industry in the near future. However, the adoption is at the nascent stage and is currently being used for niche applications, due to which, an extensive R&D investment would help market players to obtain a competitive advantage.

High illumination, longer life and low power consumption has led to the implementation of LEDs as a component in LiFi systems. Government promotions for smart LED bulbs in developed countries such as the US and the UK are expected to provide a massive infrastructure base to the VLC system providers.

Increasing applications of indoor location-based services embedded with light fixtures in retail shops and hotels is projected to be one of the factors driving revenue growth. Several companies such as GE Lightings, ByteLight and Koninklijk Philips are deploying VLC installations in supermarkets which in turn is aiding retailers to tie customers' shopping history by tracking their location details. This is helping the retailers to deliver on-site information tailored to a customer needs.

Advancements in the automotive industry are projected to enhance the safety of commuters. This is being executed through vehicle to vehicle (V2V) and vehicle to the roadside (V2R) communications by installing LEDs in the headlights and tail lights of the vehicle. However, high installation and repair costs are projected to obstruct the large scale implementation of these systems, especially in the emerging economies.

Access to the full research report can be viewed here: www.grandviewresearch.com/industry-analysis/visible-light-communication-market