Areas: 5G & IoT - Mobile Wireless Internet
i2CAT has signed a teaming agreement with AASA Inc. for the commercialisation of an indoor positioning technology based on Visible Light Communications (VLC). Two initial projects have been carried out in preparation for an indoor positioning system prototype for a retail scenario, which has been showcased at the CES2018 event in Las Vegas, NV (USA) in January 2018. The exhibition included augmented and virtual reality demonstrations also using the High-precision Indoor Locations based on Visible Light Communications technology developed by i2CAT. A modulated LED light source is used to transmit codes that contain information on the position of the light fixture to a camera. By means of a receiver with a CMOS camera or Image Sensor (IS) (smartphone or embedded system), an application library (SDK) is able to read the position codes and use this information to calculate a 3D position and the orientation of the receiver.
Our VLP technology can provide Location Based Services (LBS) in a wide range of sectors such as retail, museums, healthcare, transportation, augmented/virtual reality, targeted advertisement, asset tracking or indoor navigation of autonomous vehicles. According to Markets&Markets, the global indoor location services market size is expected to grow from USD 7.11 Billion in 2017 to USD 40.99 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 42.0% with the industrial application being the most relevant. Regarding VLC, the market in visible light communications is USD 100 Billion according to forecasts by Grand View Research, specifically applications and transport vehicles is expected to grow at an 80% CAGR from 2016 to 2024.