Li-Fi Market Research Report- Global Forecast to 2023

Li-Fi Market Research Report- Global Forecast to 2023

ID: MRFR/SEM/2419-CRR | January, 2018 | Region: Global | 100 pages | Cooked Research Reports

Li-Fi Market, By Component (LED, Optical Sensing, Microcontroller, Photo Detector), By Application (Smartphone, Standalone Tracker, Advance Tracker) and By End User - Forecast 2023


Market Synopsis of Li-Fi Market:


Market Scenario:


Major companies like General Electric and Philips are investing into Li-Fi market due to increasing number of internet users and growing demand for high speed data transmission. Other companies like LightBee and Velmenni are coming up with innovative solutions to drive the growth of Li-Fi market. LightBee implies automotive control access and Car2car communications modules associated with the vehicle led lights and the vehicle unit control or other vehicle led car. So wireless communication can be established by means of LED light for security distance purposes, reporting car to car traffic incidents, or simply as a personal garage control access. Whereas, Oledcomm is a leading provider of Li-Fi network interface devices enabling high-speed wireless data communication using the LED lighting network. They design and manufacture Li-Fi router solutions for LED based lighting systems.


North America region holds the largest market share of global Li-Fi market followed by Asia Pacific and Europe. The market in North America region is mainly dominated by the U.S. and Canada and is attributed to the increasing demand for energy efficient devices and increasing demand for high speed communication in the region. The region also has a well-established infrastructure which allows easy implementation of advanced technologies and provides better connectivity.


Li-Fi market has been segmented on the basis of component, application and end user. The component segment is further bifurcated into LED, optical sensing, microcontroller, photo detector and others. Optical wireless technology is enhancing the Li-Fi market by transferring data at a faster rate. The information carried through wireless optical network is much faster as compared to other channels. The most important advantage of using wireless optical network is that, the frequency penetrates through wall and feasibility of installing these networks anywhere is boosting the utilization of wireless optical network in Li-Fi market.


Li-Fi is an emerging technology similar to Wi-Fi, with a speed of 224 gigabytes per second that is 100 times faster than Wi-Fi service. The prevailing benefit of light emitting diode is fuelling the light fidelity market. The data transmit changes are so fast, that it cannot be viewed through human eye and is capable of sending all kinds of data that includes audio, video and broadband at a speed of 1Gb/s than 150mb/s for Wi-Fi. Li-Fi signal travel through narrow focus beams and does not pass through walls. Factors such as low power consumption and high durability is increasing the usage of LED lighting system in LI-FI.


The global Li-Fi market is expected to grow at approx. USD 51 Billion by 2023, at 70% of CAGR between 2017 and 2023.


Li-Fi Market
Li-Fi Market

Key Players:


The prominent players in Li-Fi market are – General Electric (U.S.), Koninklijke Philips N.V. (the Netherlands), Oledcomm (France), PureLiFi Limited (U.K), Panasonic Corporation (Japan), Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc. (U.S.), Velmenni (Tartu), LightBee Corporation (U.S.), FSONA Networks (U.K) and others.


 Segments:


Li-Fi market can be segmented on the basis of following:


By Component



  • LED

  • Optical Sensing

  • Microcontroller

  • Photo Detector

  • Others


By Application



  • Smartphone

  • Standalone Tracker

  • Advance Tracker

  • Others


By End User



  • Aerospace & Defense

  • Healthcare

  • Education

  • Transportation

  • Automotive

  • Consumer Electronics

  • Retail

  • Government

  • Others


Regional Analysis:


The regional analysis of Li-Fi market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in Li-Fi market in North America is attributed to increasing demand for energy efficient devices and increasing demand for high speed data communication in the region


Intended Audience:



  • Technology Investors

  • Research/Consultancy Firms

  • Device manufacturers

  • Network Operators

  • Distributors

  • Suppliers

  • Software Developers

  • Commercial Banks

  • Vendors

  • Semiconductor Manufacturers

  • End-user sectors

  • Technology Investors

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
Currency

TABLE OF CONTENTS

2.1 Research Process 10

2.2 Primary Research 11

2.3 Secondary Research 11

2.4 Forecast Model 12

2.4.1 Market Size Estimation 12

3.1 Market Drivers 13

3.1.1 Increasing Adoption Of LED Lighting System 13

3.1.2 Increasing Demand Of Wireless Optical Networks And RF-Based Networks 14

3.1.3 Increasing Demand For Fast, Secure And Reliable Network 14

3.1.4 Increasing Number Of Internet Users 14

3.2 Market Restraints 15

3.2.1 Li-Fi Signal Cannot Penetrate Through Walls 15

3.2.2 Lack Of Awareness Of Benefits Of Technology 15

3.3 Market Opportunity 15

3.3.1 Smart LED Lighting For Commercial, Industrial And Residential Space 15

3.3.2 Application Of Li-Fi Into Medical Applications 16

5.1 Li-Fi Supply Chain 18

5.2 Porter’s Five Forces Analysis 19

6.1 Introduction 20

6.1.1 Market by Sub-segment 21

9.1.1 North America 46

9.1.2 Europe 50

9.1.3 Asia-Pacific 54

9.1.4 ROW 58

10.1 Market Share Analysis 62

1 Market Introduction 9

2 Research Methodologies 10

2.1 Research Process 10

2.2 Primary Research 11

2.3 Secondary Research 11

2.4 Forecast Model 12

2.4.1 Market Size Estimation 12

3 Market Dynamics 13

3.1 Market Drivers 13

3.1.1 Increasing Adoption Of LED Lighting System 13

3.1.2 Increasing Demand Of Wireless Optical Networks And RF-Based Networks 14

3.1.3 Increasing Demand For Fast, Secure And Reliable Network 14

3.1.4 Increasing Number Of Internet Users 14

3.2 Market Restraints 15

3.2.1 Li-Fi Signal Cannot Penetrate Through Walls 15

3.2.2 Lack Of Awareness Of Benefits Of Technology 15

3.3 Market Opportunity 15

3.3.1 Smart LED Lighting For Commercial, Industrial And Residential Space 15

3.3.2 Application Of Li-Fi Into Medical Applications 16

4 Executive Summary 17

5 Market Factor Analysis 18

5.1 Li-Fi Supply Chain 18

5.2 Porter’s Five Forces Analysis 19

6 Global Li-Fi Market, By Component 20

6.1 Introduction 20

6.1.1 Market by Sub-segment 21

7 Global Li-Fi Market, By Application 27

7.1 Introduction 27

8 Global Li-Fi Market, By End-User 33

8.1 Introduction 33

9 Global Li-Fi Market, By Region 44

9.1.1 North America 46

9.1.2 Europe 50

9.1.3 Asia-Pacific 54

9.1.4 ROW 58

10 Competitive Analysis 62

10.1 Market Share Analysis 62

10.2 Company Profiles 64

10.2.1 GENERAL ELECTRIC 64

10.2.2 PHILIPS N.V 66

10.2.3 OLEDCOMM 68

10.2.4 PURELIFI LTD. 70

10.2.5 PANASONIC CORPORATION 72

10.2.6 ACUITY BRANDS LIGHTING, INC. 74

10.2.7 LIGHTPOINTE COMMUNICATIONS, INC. 76

10.2.8 VELMENNI 78

10.2.9 LIGHTBEE CORPORATION 80

10.2.10 FSONA NETWORKS 82

TABLE 1 GLOBAL LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 20

TABLE 2 GLOBAL LI-FI MARKET OF LED SEGMENT BY REGION, 2016-2023 (USD MILLION) 21

TABLE 3 GLOBAL LI-FI MARKET OF OPTICAL SENSING BY REGION, 2016-2023 (USD MILLION) 22

TABLE 4 GLOBAL LI-FI MARKET OF MICRO-CONTROLLER SEGMENT BY REGION, 2016-2023 (USD MILLION) 23

TABLE 5 GLOBAL LI-FI MARKET OF PHOTO-DETECTOR SEGMENT BY REGION, 2016-2023 (USD MILLION) 24

TABLE 6 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2016-2023 (USD MILLION) 25

TABLE 7 GLOBAL LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 27

TABLE 8 GLOBAL LI-FI MARKET OF SMARTPHONE SEGMENT BY REGION, 2016-2023 (USD MILLION) 28

TABLE 9 GLOBAL LI-FI MARKET OF STANDALONE TRACKER SEGMENT BY REGION, 2016-2023 (USD MILLION) 29

TABLE 10 GLOBAL LI-FI MARKET OF ADVANCE TRACKER SEGMENT BY REGION, 2016-2013 (USD MILLION) 30

TABLE 11 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2016-2023 (USD MILLION) 31

TABLE 12 GLOBAL LI-FI MARKET, BY END-USER SEGMENT, 2016-2023 (USD MILLION) 33

TABLE 13 GLOBAL LI-FI MARKET OF AEROSPACE & DEFENSE SEGMENT BY REGION, 2016-2023 (USD MILLION) 34

TABLE 14 GLOBAL LI-FI MARKET OF HEALTHCARE SEGMENT BY REGION, 2016-2023 (USD MILLION) 35

TABLE 15 GLOBAL LI-FI MARKET OF EDUCATION SEGMENT BY REGION, 2016-2023 (USD MILLION) 36

TABLE 16 GLOBAL LI-FI MARKET OF TRANSPORTATION BY REGION, 2016-2023 (USD MILLION) 37

TABLE 17 GLOBAL LI-FI MARKET OF AUTOMOTIVE BY REGION, 2016-2023 (USD MILLION) 38

TABLE 18 GLOBAL LI-FI MARKET OF BY CONSUMER ELECTRONICS SEGMENT BY REGION, 2016-2023 (USD MILLION) 40

TABLE 19 GLOBAL LI-FI MARKET OF RETAIL MARKET BY REGION, 2016-2023 (USD MILLION) 41

TABLE 20 GLOBAL LI-FI MARKET OF GOVERNMENT SEGMENT BY REGION, 2016 -2023 (USD MILLION) 42

TABLE 21 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2016-2023 (USD MILLION) 43

TABLE 22 GLOBAL LI-FI MARKET RESEARCH REPORT- FORECAST,2016-2023 (USD MILLION) 44

TABLE 23 GLOBAL LI-FI MARKET RESEARCH REPORT BY NORTH AMERICA REGION - FORECAST 2016 -2023 (USD MILLION) 46

TABLE 24 NORTH AMERICA LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 47

TABLE 25 NORTH AMERICA LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 48

TABLE 26 NORTH AMERICA LI-FI MARKET, BY END USER, 2016-2023 (USD MILLION) 49

TABLE 27 EUROPE LI-FI MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 50

TABLE 28 EUROPE LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 51

TABLE 29 EUROPE LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 52

TABLE 30 EUROPE LI-FI MARKET, BY END USER, 2016-2023 (USD MILLION) 53

TABLE 31 ASIA PACIFIC LI-FI MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 54

TABLE 32 ASIA PACIFIC LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 55

TABLE 33 ASIA PACIFIC LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 56

TABLE 34 ASIA PACIFIC LI-FI MARKET, BY END-USER, 2016-2023 (USD MILLION) 57

TABLE 35 ROW LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 58

TABLE 36 ROW LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 59

TABLE 37 ROW LI-FI MARKET, BY END USER, 2016-2023 (USD MILLION) 60

TABLE 38 ROW LI-FI MARKET, BY END USER,2016-2023 (USD MILLION) 60


FIGURE 1 MRFR RESEARH PROCESS 10

FIGURE 2 FORECAST MODEL 12

FIGURE 3 GLOBAL LI-FI MARKET: DRIVERS & CHALLENGES 13

FIGURE 4 GLOBAL LI-FI MARKET SUPPLY CHAIN 18

FIGURE 5 GLOBAL LI-FI MARKET: PORTER’S FIVE FORCES ANALYSIS 19

FIGURE 6 GLOBAL LI-FI MARKET: PORTER’S FIVE FORCES ANALYSIS 19

FIGURE 7 GLOBAL LI-FI MARKET BY COMPONENT, 2016-2023 (USD MILLION) 20

FIGURE 8 GLOBAL LI-FI MARKET OF LED SEGMENT BY REGION, 2016-2023 (USD MILLION) 22

FIGURE 9 GLOBAL LI-FI MARKET OF OPTICAL SENSING BY REGION, 2016-2023 (USD MILLION) 23

FIGURE 10 GLOBAL LI-FI MARKET OF MICRO-CONTROLLER SEGMENT BY REGION, 2016-2023 (USD MILLION) 24

FIGURE 11 GLOBAL LI-FI MARKET OF PHOTO-DETECTOR SEGMENT BY REGION, 2016-2023 (USD MILLION) 25

FIGURE 12 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2016-2023 (USD MILLION) 26

FIGURE 13 GLOBAL LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 27

FIGURE 14 GLOBAL LI-FI MARKET OF SMARTPHONE SEGMENT BY REGION, 2016-2023 (USD MILLION) 29

FIGURE 15 GLOBAL LI-FI MARKET OF STANDALONE TRACKER SEGMENT BY REGION, 2016-2023 (USD MILLION) 30

FIGURE 16 GLOBAL LI-FI MARKET OF ADVANCE TRACKER SEGMENT BY REGION, 2016-2023 (USD MILLION) 31

FIGURE 17 GLOBAL LI-FI MARKET, BY OTHERS (USD MILLION) 32

FIGURE 18 GLOBAL LI-FI MARKET, BY END-USER SEGMENT, 2016-2023 (USD MILLION) 34

FIGURE 19 GLOBAL LI-FI MARKET, BY AEROSPACE & DEFENSE, 2016-2023 (USD MILLION) 35

FIGURE 20 GLOBAL LI-FI MARKET OF HEALTHCARE SEGMENT BY REGION, 2016-2023 (USD MILLION) 36

FIGURE 21 GLOBAL LI-FI MARKET EDUCATION SEGMENT BY REGION, 2016-2023 (USD MILLION) 37

FIGURE 22 GLOBAL LI-FI MARKET OF TRANSPORTATION BY REGION, 2016-2023 (USD MILLION) 38

FIGURE 23 GLOBAL LI-FI MARKET OF AUTOMOTIVE BY REGION, 2016-2023 (USD MILLION) 39

FIGURE 24 GLOBAL LI-FI MARKET BY CONSUMER ELECTRONICS SEGMENT BY REGION, 2016-2023 (USD MILLION) 40

FIGURE 25 GLOBAL LI-FI MARKET OF RETAIL MARKET BY REGION, 2016-2023 (USD MILLION) 41

FIGURE 26 GLOBAL LI-FI MARKET OF GOVERNMENT SEGMENT BY REGION, 2016 -2023 (USD MILLION) 42

FIGURE 27 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2016-2023 (USD MILLION) 43

FIGURE 28 GLOBAL LI-FI MARKET RESEARCH REPORT – FORECAST,2016-2023 (USD MILLION) 44

FIGURE 29 NORTH AMERICA LI-FI MARKET, BY COUNTRIES, 2016-2023 (USD MILLION) 46

FIGURE 30 NORTH AMERICA LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 47

FIGURE 31 NORTH AMERICA LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 48

FIGURE 32 NORTH AMERICA LI-FI MARKET, BY END USER, 2016-2023 (USD MILLION) 49

FIGURE 33 EUROPE LI-FI MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 50

FIGURE 34 EUROPE LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 51

FIGURE 35 EUROPE LI-FI MARKET, BY APPLICATION , 2016-2023(USD MILLION) 52

FIGURE 36 EUROPE LI-FI MARKET, BY END USER, 2016-2023 (USD MILLION) 53

FIGURE 37 ASIA PACIFIC LI-FI MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 54

FIGURE 38 ASIA PACIFIC LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 55

FIGURE 39 ASIA PACIFIC LI-FI MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 56

FIGURE 40 ASIA PACIFIC LI-FI MARKET, BY END-USER, 2016-2023 (USD MILLION) 57

FIGURE 41 ROW LI-FI MARKET, BY COMPONENT, 2016-2023 (USD MILLION) 58

FIGURE 42 ROW LI-FI MARKET, BY APPLICATION, 2016-2023(USD MILLION) 59

FIGURE 43 GLOBAL LI-FI KEY PLAYERS MARKET SHARE, 2016 (%) 62