Visible Light Communication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2022
The players in the global visible light communication market are expected to make revolutionary changes with focus on developing hybrid VLC systems that negate the inherent VLC technology issues for seamless transmission of data.Some of the key players operating the global visible light communication market are PureLiFi, Ltd, Axrtek Outstanding Technology, Co., General Electric Company Nakagawa Laboratories, Inc., and LVX System, observes Transparency Market Research in its latest publication. The report states that the global visible light communication market is expected to represent an opportunity worth US$113.27 bn by 2022, rising remarkably from its 2014 valuation of US$267.6 mn. Between 2015 and 2022, the global visible light communication market is anticipated to expand at a CAGR of 109.2%. Amongst various end users, the retail indoor positioning segment held the leading position in the overall market and is expected to surge at a CAGR of 93.82% from 2015 and 202...