Research Methodology Visible Light Communication Market
1. Introduction
The research methodology of this report aims at providing a comprehensive inquiry into the visible light communication (VLC) market which includes the value chain analysis, market attractiveness, and competitive landscape. This report is based on a study conducted by Market Research Future (MRFR). The report utilized various primary, and secondary sources for different parameters such as market size, market dynamics, and competitive landscape.
2. Research Methodology
The research methodology used for this report includes quantitative and qualitative research techniques. This involved primary and secondary research methods. Primary research was conducted through industry expert interviews and face-to-face surveys. Interviews were conducted with VLC technology experts, service providers, and investors.
The secondary research is conducted through the study of reports and publications related to the VLC market. This involves the study of journals and articles, investment databases, company websites, and annual reports.
The research also included a bottom-up and top-down approach to identify the trends and market size. The bottom-up approach involved the analysis of the key verticals in the VLC market and the top-down approach was used to analyze the macro-level trends.
3. Market Sizing
The market sizing for the VLC market is conducted by obtaining estimates from the secondary research conducted on the vendors in the market. The estimates obtained were validated and refined through primary research. This involves obtaining the latest market data from industry experts, and service providers.
4. Market Forecasting
The market forecasting was done using both qualitative and quantitative methods. This involved using existing market size, and forecasts from the primary and secondary research. The base year for the forecast was 2022. The forecast period ranged from 2023-2030. The forecasting was done using several parameters such as industry trends, competitive landscape, historical market data, and government regulations.
5. Sources of Data
Primary research included one-to-one interviews, focus group discussions, and face-to-face surveys with key stakeholders and industry experts. The secondary research was conducted through the study of government databases, company websites, white papers, and annual reports.
6. Assumptions
Certain assumptions were considered for the purpose of this report. It is assumed that the market projections would be in line with the expected trends in the industry and the analysis done was comprehensive.
7. Conclusion
The research methodology used for the report is based on a comprehensive market analysis which incorporates primary and secondary research. The report also incorporated a bottom-up and top-down approach to identify current market trends and market size. All the data and information are obtained through reliable sources and are logically analyzed to arrive at the most accurate estimates.