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The North American visible light communication technology market is estimated
to grow with a CAGR of 71.6% from 2014 to 2019. North American VLC technology
market accounted for a market share of 30% in the global visible light
communication technology market in 2014. The growth of North American visible
light communication technology market is driven by increasing government funding
for this technology and power efficiency offered by this technology.
In this report, the North America visible light communication technology market
has been broadly classified into components, such as LED, IR emitters, image
sensor, and Optocouplers. The LED segment is growing with the highest CAGR of
73.3% from 2014 to 2019.
Geographically, the U.S. is estimated to command the largest share of 68.5% of
the North America visible light communication technology market, followed by
Canada. The visible light communication technology market of Canada is growing
with the highest CAGR of 95.4% from 2014 to 2019. The factors driving the growth
of visible light communication technology market in Canada are the increasing
use of visible light communication technology in indoor networking, underwater
communication, and other applications.
There are a number of players currently operating in the North American market
for visible light communication technology, which makes it a competitive one. As
of 2014, PureLiFi (U.K.), Nakagawa Laboratories, Inc. (Japan), LVX Systems
(U.S.), and ByteLight (U.S.) were operational in this regional market. New
product developments and partnerships, agreements, and acquisitions are the
major strategies adopted by most market players to achieve growth in the visible
light communication technology market.
Along with the market data, you can also customize the MMM assessments that are
in accordance to your company’s specific needs. Customize to get comprehensive
industry standard and deep-dive analysis of the following parameters:
• Product Analysis:
Usage pattern (in-depth trend analysis) of products (segment-wise).
Product matrix, which gives a detailed comparison of product portfolio of each
company, mapped at country and sub-segment level.
End-user adoption rate analysis of the products (segment-wise and country-wise).
Comprehensive coverage of product approvals, pipeline products, and product
• Data from Manufacturing Firms:
Fast turn-around analysis of responses from manufacturing firms regarding recent
market events and trends.
Opinions from various firms regarding different applications where visible light
communication technology can be used.
Qualitative inputs on macro-economic indicators and mergers & acquisitions in
• Comparative Analysis:
Market data and key developments of top companies
• Shipment/Volume Data:
Tracking the value of components shipped annually in each geography
• Trend analysis of Application:
Application matrix, which gives a detailed comparison of application portfolio
of each company, mapped in each geography.