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Visible Light Communication Market 2020-2024: Post-Pandemic Industry Planning Structure | Technavio

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The visible light communication market is expected to grow by USD 91.7 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the visible light communication market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Visible Light Communication Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Visible Light Communication Market 2020-2024 (Graphic: Business Wire)

Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19

The visible light communication market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Major Three Visible Light Communication Market Participants:

fSONA Systems Corp.

fSONA Systems Corp. operates its business under various segments such as military and government, wireless service provider, competitive service provider, service provider, and enterprise. The company offers a wide range of visible light communication solutions.

General Electric Co.

General Electric Co. operates its business under four segments, which include power, renewable energy, aviation, and healthcare. The company offers visible light communication solutions.

Koninklijke Philips NV

Koninklijke Philips NV operates its business under diagnosis & treatment, personal health, connected care, and others segment. The company offers visible light communication solutions.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:

Visible Light Communication Market 2020-2024: Segmentation

Visible light communication market is segmented as below:

  • End-user

    • Retail
    • Consumer Electronics
    • Automotive Transportation
    • Healthcare
    • Others
  • Geography

    • North America
    • Europe
    • APAC
    • South America
    • MEA
  • Application

    • Indoor Networking
    • LBS
    • ICE
    • Underwater Communication
    • Others


The visible light communication market is driven by the growing penetration of automation processes in industries. In addition, other factors such as faster and safer data transfer is expected to trigger the visible light communication market toward witnessing a CAGR of almost 81% during the forecast period.

Get more insights about the global trends impacting the future of visible light communication market, Request Free Sample @

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.