South America Visible Light Communication Market Worth $337.08 Million by 2019
The South American visible light communication market is projected to grow with a CAGR of 56% from 2014 to 2019. In 2014, this regional visible light communication market has a market share of 5.6% in the global visible light communication market. Increasing government funding in visible light communication technology and power efficiency of this technology are the major drivers for the growth of VLC market in South America.
In this report, the South America visible light communication market has been broadly classified by component, such as LED, IR emitters, image sensor, and optocouplers. The LED segment market is projected to grow with a CAGR of 61% from 2014 to 2019. LEDs are majorly used in devices, medical equipment, clothing, toys, remote controls, lighting, indicators & signs, optocouplers, and optoisolators.
The South America visible light communication market report defines and segments the concerned market for visible light communication technology with analysis and forecast of revenue. The South American visible light communication market is estimated to grow from $36.75 million in 2014 to $337.08 million by 2019, at a CAGR of 56.0% from 2014 to 2019.
Browse through the TOC of South America Visible Light Communication Market for an analysis of industry trends, segments and forecasts.
Visible light communication (VLC) is a data communications medium which uses visible light between 400 and 800 THz. This technology is one of the most advanced optical wireless communication technologies. The visible light communication market in South America is segmented with respect to components, applications, and geography.
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The components of VLC technology include LED, IR emitters, image sensors, and optocouplers. The applications of VLC include indoor networking, in-flight entertainment & communication, underwater communication, location-based service, and intelligent traffic system. The visible light communication market for wireless communications is estimated to grow with a CAGR of 56% from 2014 to 2019. Indoor networking application is the leading application, followed by location-based services in South America.
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On the basis of geography, the market is segmented into Brazil and Argentina. The market is led by Brazil with a market share of 91% in 2014. It is also the fastest-growing market, with an estimated CAGR of 58.0% from 2014 to 2019.
The report includes market share and value chain analyses, along with market metrics, such as drivers and restraints. In addition, it also presents a competitive landscape of the market and company profiles of key market players.
Europe Visible light communication Market
Visible light communication (VLC) technology, one of the advanced optical wireless communication technologies, in which light in the visible region (375nm-780nm) is used as a medium for data transfer. This transfer of data is secure, and the data transfer rates is high as compared to conventional wireless technologies like Wi-Fi, Bluetooth, and Wimax, which use radio waves for communication.
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