North America Visible Light Communication Technology Market Expected to Reach $3,075.3 Million by 2019

FORT WORTH, TX -- The North America visible light communication technology market report defines and segments the concerned market for visible light communication technology in NA with analysis and forecast of revenue. This market is estimated to grow from $206.4 million in 2014 to $3,075.3 million by 2019, at a CAGR of 71.6% from 2014 to 2019.

Visible light communication technology (VLC) is a data communications medium which uses visible light between 400 and 800 THz. This technology is one of the most advanced optical wireless communication technologies. The visible light communication technology market is segmented with respect to components including LED, IR emitters, image sensor, and optocouplers.

The visible light communication technology market has its applications in indoor networking, underwater communication, location-based service, and intelligent traffic system. The visible light communication market for location-based service is estimated to grow at the highest CAGR of 80.9% among all applications from 2014 to 2019. Indoor networking application is followed by location-based service and intelligent traffic system applications.

The U.S. is the leading market for visible light communication technology in North America with a market share of 68.5% in 2014. Canada is the fastest-growing market with a CAGR of 95.4% from 2014 to 2019 among the three countries covered in the report, the third being Mexico.

This report also includes market share and value chain analyses, along with market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.

Browse through the TOC of North America visible light communication technology market for an in-depth analysis of the industry trends and segments, with help of various tables and figures at http://www.micromarketmonitor.com/market/north-america-visible-light-communication-1575294216.html  

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