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The Latin American Visible Light Communication (VLC) market is expected to reach $262.1 million by 2018 - New Report by MicroMarket Monitor(PR Web Via Acquire Media NewsEdge) (PRWEB) October 16, 2014 The Latin American Visible Light Communication (VLC) market report defines and segments the concerned market in Latin America, with analysis and forecast of revenue. This market was valued at $16.7 million in 2013, and is expected to reach $262.1 million by 2018, at a CAGR of 73.3% from 2013 to 2018. Browse through the TOC of the Latin American Visible Light Communication market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures. http://www.micromarketmonitor.com/market/latin-america-visible-light-communication-4746716006.html Visible Light Communication (VLC) is the latest technology in optical wireless communication, and it targets the unmatched speed of data transfer. This advanced technology is mainly used as a medium for data transfer. Most of the existing wireless technologies use radio frequency waves for communication purpose, thereby creating spectrum deficit. On the other hand, VLC focuses on Li-Fi concept which allows communication through lights, such as light-emitting diode (LED). Hence, it can transfer the data at a very high speed, without any distortion or spectrum deficit, such as Wi-Fi and 3G. Using LEDs for illumination and transmission is also economical in the long run as they consume less power, and are more durable as compared to the other lighting sources, such as incandescent and fluorescent lamps. Latin America is an emerging market for VLC, due to various initiatives taken by its government that involves prohibiting the usage of high power consuming incandescent bulbs, and replacing them with LEDs, to lower green house gas emissions and energy use. Therefore, power efficiency and increased government funding are considered as the major drivers for the Latin American VLC market. Countries contributing towards the VLC market of this region are Brazil and Argentina. Speak to Analyst @ http://www.micromarketmonitor.com/contact/4746716006-speak_to_analyst.html This market is segmented and forecast based on components and applications. The components segment of this market comprises infrared (IR) emitter, image sensor, light emitting diode (LED), optocouplers, and other components. The market is further segregated based on applications, which includes in flight entertainment and communication, indoor networking, intelligent traffic system, and location based service. Early buyers will receive 10% customization on this report. http://www.micromarketmonitor.com/contact/4746716006-request_for_customization.html This report includes market share and value chain analysis, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market. Related Reports : North America Visible light communication Market Visible light communication (VLC) technology, one of the advanced optical wireless communication technologies, in which light in the visible region (375nm-780nm) is used as a medium for data transfer. This transfer of data is secure, and the data transfer rates is high as compared to conventional wireless technologies like Wi-Fi, Bluetooth, and Wimax, which use radio waves for communication. Till late 1990s, infrared spectrum was used for the communication. But in the early 2000s, researchers started using visible light from LEDs as the medium for communication. Initially, they were able to achieve network speed of about 100Kbps. With continuous developments, VLC systems can now achieve about 800Mbps data rate for short-range communications. Many companies and research institutes are conducting research to develop and commercialize Gigabit networks for long-range communications. http://www.micromarketmonitor.com/market/north-america-visible-light-communication-1575294216.html Europe Visible light communication Market Free space optics (FSO) is based on the same principle as VLC but it uses light in the infrared spectrum for communication. Invention of the RONJA device in 2001, which can achieve 10Mbps network speed over 0.87 miles, boosted the research activities in the FSO technology. FSO was initially used for outdoor communication applications. But in the recent times, indoor applications like enterprise connectivity and hospitals are emerging. FSO is expected to play a major role in enterprise connectivity especially in emerging nations like India and Brazil, where the reach of ICT and fiber connectivity is still low. Reliability and network coverage are the major issues to be considered by the companies while providing VLC services. Interferences from external light sources like sun light, normal bulbs, and opaque materials in the path of transmission will cause interruption in the communication. High installation cost of the VLC systems can be complemented by large-scale implementation of VLC. Adopting VLC technology will reduce further operating costs like electricity charges, and maintenance charges. http://www.micromarketmonitor.com/market/europe-visible-light-communication-2674920293.html About MicroMarket Monitor : MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market. Contact: Mr. Chandrasekhar K. 5601 Bridge Street Suite 300 Fort Worth, TX 76112 Tel: +1-888-502-0539 Email: sales(at)micromarketmonitor(dot)com Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor. Read the full story at http://www.prweb.com/releases/visible-light/market/prweb12254219.htm (c) 2014 PRWEB.COM Newswire |