Visible Light Communication Market Expected to Receive a Substantial Boost from Ongoing Research and Development
According to Transparency Market Research, the global VLC market is anticipated to represent an opportunity worth US$113.27 bn by 2022 as it rises from US$267.6 mn in 2014. During the forecast period of 2015 and 2022, the global visible light communication market is anticipated to expand at a CAGR of 109.2%. The biggest advantage of VLC technologies is that they enable extensive energy savings as they operate through indoor lights, thus negating the need for extra energy for information transmission.
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