US Visible Light Communication Market Discussed by TechSci Research in New Report Available at MarketPublishers.com23 Oct 2015 • by Natalie Aster
LONDON – The US visible light communication (VLC) market is gaining traction due to rising data traffic, and surging demand for more energy-efficient and faster solutions for data transmission. Key applications for VLC technology comprise location based applications, indoor networking applications, intelligent transportation system (ITS), and underwater communication, amongst others. The adoption of VLC in IoT, M2M, and wireless sensor network applications is also on the rise in the USA, which is set to further stimulate the growth in the nation’s VLC market in the offing.
The US VLC market is anticipated to record over 20% CAGR through to 2020. The market’s growth is anticipated on the back of the soaring awareness of VLC technology, increasing number of connected devices, rising data traffic across the country, in line with escalating R&D activities and government support. Government and different research organisations in the USA are investing heavily in enhancing the data transmission range of VLC technology. In addition, LVX System Corporation is working in cooperation with NASA to develop VLC technology for ground and also prospective space-based applications. In light of these developments, US VLC market is expected to witness enormous growth in the next five years.
In-demand report “United States Visible Light Communication Market Forecast and Opportunities, 2020” prepared by TechSci Research presents a 360-degree analysis of the VLC marketplace in the USA. It offers market size estimates and forecasts (by value) and market share data including forecasts to 2020 (by component, application, and region). The report provides exhaustive market segmentation, with market size and forecast data (by value) available for each of the segments discussed. The research study identifies and analyses key market growth drivers and challenges, limelights up-to-the-minute industry trends and developments, gives insights into major patents registered, discusses the policy and regulatory landscape, besides providing an overview of the state of the country’s economy. Furthermore, the report draws up an all-round picture of the competitive scenario and profiles the top 6 market participants. Important essential strategic recommendations are included, too.
United States Visible Light Communication Market Forecast and Opportunities, 2020
Date: October, 2015
Price: US$ 2,500.00
More reports elaborated by the publisher can be found at TechSci Research page.