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Global Market for Visible Light Communication (VLC) was valued at US$ 267.6.0 Mn in 2014 and is expected to reach US$ 113,273.4 Mn by 2022, growing at a CAGR of 109.2% from 2015 to 2022

The global visible light communication market is forecast to grow at a staggering CAGR of 109.2% for the period between 2015 and 2022. The global visible light communication market amounted to US$267.6.0 million in 2014 and is likely to reach US$113,273.4 million by 2022.

North America Leads Global Market, Asia Pacific to Grow the Fastest

The global visible light communication market is geographically divided into Asia Pacific, North America, Europe, Africa, the Middle East, and Latin America. The global visible light communication market was led by North America in 2014, with 43.4% share of the total revenue. The Asia Pacific segment was in the second position in 2014 and is likely to develop faster in coming few years. Swelling demand for retail indoor positioning and technological advancements have fueled the market in these regions.

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