]This can be primarily attributed to the increasing data traffic and rising adoption of communication system along with the availability of advanced infrastructure. The existence of major players is expected to propel demand across this region. Several companies such as GE Lightings, ByteLight Inc. Low power consumption, long productive life of LED products has led to profitable opportunities for industry growth.CanadaEuropeGermanyUKAsia PacificChinaIndiaJapanLatin AmericaBrazilMexicoMEA. However, high installation and repair cost are projected to obstruct the large-scale implementation of these systems, especially in the emerging economies.30 Billion By 2024 Ip65 led integrated lamp RELATED ARTICLES Global Visible Light Communication Market Analysis, Trends And Forecast 2015 - 2022 Li-Fi Based Fleet Management Market: Futuristic Intelligent Transportation Systems to Drive Uptake Global Visible Light Communication Market Likely to Reach US$113,273.Automotive & transport application segment is estimated to witness high growth and is expected to reach over USD 19. Need for safer and reliable communication system using LED lightening has led to an upsurge in demand across commercial buildings, traffic lights, smart stores, game consoles, and consumer electronics.Growing need of green technology solutions with low power consumption is encouraging the development of advanced communication systems.Browse full research report on Global Visible Light Communication (VLC)/Light Fidelity (Li-Fi)
