Li-Fi Market is predicted to reach USD 116.96 Billion at a CAGR of 31.60% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Li-Fi Market”.

MRFR recognizes the following companies as the key players in the global Li-Fi Market — Acuity Brand Lighting, General Electric, Koninklijke Philips, Lightbee Corp, LVX System Corp, Pure Li-Fi, Oledcomm, Avago Technologies, Panasonic, and Casio.

Market Highlights

The global Li-Fi Market is accounted to register a CAGR of 31.60% during the forecast period and is estimated to reach USD 116.96 Billion by 2030.

Li-Fi (Light Fidelity) is a wireless communication technology that uses visible light to transmit data. It is considered an alternative or complement to traditional Wi-Fi, which uses radio waves for data transmission. Li-Fi technology utilizes LED (Light Emitting Diode) lights to transmit data by modulating the light at a very high speed, which is imperceptible to the human eye. Photodetectors on the receiving end interpret these light signals and convert them back into data.

Segment Analysis

The global Li-Fi Market has been segmented based on Type, Application, and Vertical.

The market segmentation, based on Type, includes Li-Fi Lamp, LifiDongal, Access Point, and LiFi Kit. The LifiDongal segment holds the majority share in 2022, contributing to the Li-Fi revenue. LiFi dongles are small devices that can be plugged into a computer or mobile device to provide wireless data connectivity. They use Li-Fi technology to transmit data and are a popular solution for providing wireless internet access in areas where Wi-Fi is not available or is not reliable.

Based on Application, the market segmentation includes smartphones, Standalone, and Advance Tracker. The Advance Tracker segment dominated the market. Advanced trackers are devices that are used to track the movement of individuals and objects in real-time using Li-Fi technology. The technology provides a cost-effective and secure way to track the movement of individuals and objects, making it suitable for a wide range of applications, including inventory management, location tracking, and industrial automation.

Based on Vertical, the market segmentation includes Education, Retails, Healthcare, Aviation, Exhibition, and Others. The Aviation segment is projected to be the faster-growing segment during the forecast period, 2023-2030. Li-Fi technology offers several advantages over traditional Wi-Fi technology for use in aviation, including higher bandwidth, improved reliability, and increased security.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Li-Fi Market Research Report

Regional Analysis

The global Li-Fi Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to have the greatest market share. It is anticipated that the region's established infrastructure and developing technologies would present an attractive potential for the expansion of the Li-Fi market. In contrast, the US military is anticipated to demonstrate more need for Li-Fi due to the expansion of activities in the naval sector.

The Asia-Pacific area has a rising customer base for smartphones and electronic devices, which has increased in recent years. Furthermore, the prospective benefits of Li-Fi technology, such as improved connection and increased demand for navy and other applications, are propelling the Li-Fi Industry forward. The dropping price of smartphones and IoT devices with fast data transfer speeds in the Asia-Pacific region, on the other hand, is regarded as the key driving driver of the Li-Fi Market.

European countries with well-developed technology sectors might have shown interest in Li-Fi for its potential in industrial automation, smart cities, and energy-efficient communication. Countries with a strong focus on sustainability and innovation could drive demand for Li-Fi solutions.

Remember that the Li-Fi market is likely to evolve over time, and the adoption of this technology would depend on various factors including regulatory environment, infrastructure development, competitive landscape, and technological advancements.

For the most up-to-date and accurate information about the Li-Fi market's regional analysis, I recommend consulting recent market research reports, industry publications, and news sources that specialize in technology trends.

Key Findings of the Study

• The global Li-Fi Market is expected to reach USD 116.96 Billion by 2030, at a CAGR of 31.60% during the forecast period.


• . North America is anticipated to have the greatest market share. It is anticipated that the region's established infrastructure and developing technologies would present an attractive potential for the expansion of the Li-Fi market.


• The market segmentation, based on Type, includes Li-Fi Lamp, LifiDongal, Access Point, and LiFi Kit. The LifiDongal segment holds the majority share in 2022, contributing to the Li-Fi revenue.


• Acuity Brand Lighting, General Electric, Koninklijke Philips, Lightbee Corp, LVX System Corp, Pure Li-Fi, Oledcomm, Avago Technologies, Panasonic, Casio