The visible light communications (VLC) market is in its infancy, with limited adoption of this technology thus far. As the adoption of LEDs has increased, so has their potential as a source of data transference. LEDs can create a data source because they have the ability to modulate, a process that is invisible to the human eye. While VLC technology is only 5 years old, significant advancements have been made, and a number of companies have seized the opportunity to stake a place in this growing market. The market for VLC is technology-driven, not demand-driven. Beyond advancements in technology, the rising number of connected devices will cause the VLC market to grow substantially. This dramatic increase in the number of connected devices will push the limits of Wi-Fi bandwidth. When maximum data capacity is reached to support these devices, the VLC market is expected to grow substantially. Lack of consumer awareness and standardization currently limit the market, but with global acceptance of VLC technologies, it will advance. According to Navigant Research, global residential connected device shipments are expected to grow from 72.1 million devices in 2016 to 364.0 million in 2026. This Navigant Research report analyzes VLC technologies, focusing on the current and projected state of the global market. The study provides an analysis of market drivers, such as the development of technology, an increase in connected devices, and a safer transmitting option, as well as barriers, most notably the lack of consumer awareness, privacy concerns, and lack of standardization. It also examines the various applications for VLC technologies and provides insight into key market players.