North America Visible Light Communication Market
North America Visible Light Communication Market Size, Share and Trends Analysis Report By Application (Data Communication, Lighting, Location-Based Services, Safety and Security), By Technology (Light Emitting Diodes, Photodetectors, Optical Wireless Technology), By End Use (Retail, Healthcare, Transportation, Residential) and By Regional (US, Canada) - Forecast to 2035
Industry Developments
The North America Visible Light Communication Market is experiencing significant advancements and developments. In recent months, attention has shifted to the ongoing efforts by companies like Toyota Tsusho and Cisco Systems in leveraging Visible Light Communication for enhanced connectivity solutions. Mitsubishi Electric and Samsung Electronics are also contributing to technological innovations aimed at improving indoor positioning systems using light-based communication. Growth in market valuation has been reported, with estimates indicating a steady increase due to rising demand in smart lighting and communication applications. In terms of mergers and acquisitions, there have been notable movements, although there are currently no new publicly reported mergers or acquisitions involving the specified companies, like General Electric or Philips, in recent months. Over the past couple of years, companies such as Acuity Brands and Oledcomm have been focusing on products that integrate VLC technology into smart cities, reflecting the increasing trend towards sustainable urban development. Additionally, the entry of new start-ups into the visible light communication industry is anticipated to enhance competition and innovation in the North American market, fueling future growth potential.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 401.92(USD Million) |
| MARKET SIZE 2024 | 477.0(USD Million) |
| MARKET SIZE 2035 | 3720.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 20.529% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Toyota Tsusho, Cisco Systems, Mitsubishi Electric, Samsung Electronics, Broadcom, Oledcomm, Nemaura Medical, PureLiFi, General Electric, VLC Technologies, Firefly Wireless Networks, Huawei, Acuity Brands, Philips |
| SEGMENTS COVERED | Application, Technology, End Use, Regional |
| KEY MARKET OPPORTUNITIES | High-speed data transmission solutions, Enhanced indoor positioning systems, IoT integration in smart environments, Increased demand in retail applications, Growing interest in energy-efficient lighting |
| KEY MARKET DYNAMICS | Increasing demand for high-speed data, Growing adoption of IoT technologies, Rising need for wireless communication solutions, Enhanced security features of VLC, Supportive government initiatives and investments |
| COUNTRIES COVERED | US, Canada |
FAQs
What is the expected market size of the North America Visible Light Communication Market in 2024?
The North America Visible Light Communication Market is expected to be valued at 477.0 million USD in 2024.
What is the projected value of the North America Visible Light Communication Market by 2035?
By 2035, the North America Visible Light Communication Market is projected to reach 3720.0 million USD.
What is the compound annual growth rate (CAGR) of the North America Visible Light Communication Market from 2025 to 2035?
The expected CAGR for the North America Visible Light Communication Market from 2025 to 2035 is 20.529 percent.
Which application of the North America Visible Light Communication Market has the highest estimated value in 2024?
In 2024, the lighting application is expected to have the highest estimated value at 200.0 million USD.
What is the projected market size for the 'Data Communication' application of the North America Visible Light Communication Market in 2035?
The 'Data Communication' application is projected to reach 830.0 million USD by 2035.
What is the approximate market value of the North America Visible Light Communication Market for the US in 2024?
The market value for the US in 2024 is approximately 250.0 million USD.
How much is the Canadian segment of the North America Visible Light Communication Market valued at in 2035?
The Canadian segment is expected to be valued at around 1820.0 million USD in 2035.
Who are some of the major players in the North America Visible Light Communication Market?
Major players in the North America Visible Light Communication Market include Cisco Systems, Samsung Electronics, and General Electric.
What market growth rate is expected for the 'Location-Based Services' application in the North America Visible Light Communication Market by 2035?
The 'Location-Based Services' application is expected to grow to approximately 1200.0 million USD by 2035.
What is the expected value of the 'Safety and Security' application in the North America Visible Light Communication Market by 2035?
By 2035, the 'Safety and Security' application is projected to reach 90.0 million USD.
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