Li-Fi Market Research Report- Global Forecast to 2027

Li-Fi Market, By Component (LED, Optical Sensing, Microcontroller, Photo Detector), By Application (Smartphone, Standalone Tracker, Advance Tracker) and By End User - Forecast 2027

ID: MRFR/SEM/2419-CR | January 2018 | Region: Global | 100 Pages         

1 Executive Summary

2 Introduction

3 Research Methodology

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

4 Market Dynamics

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 Market Factor Analysis

5.1 Li-Fi Supply Chain 18

5.2 Porter’s Five Forces Analysis 19

6 Global Li-Fi Market, By Component

6.1 Introduction 20

6.1.1 Market By Sub-Segment 21

6.1.1.1 LED 21

6.1.1.2 Optical Sensing 22

6.1.1.3 Microcontroller 23

6.1.1.4 Photo Detector 24

6.1.1.5 Others 25

7 Global Li-Fi Market, By Application

7.1 Introduction 27

7.1.1.1 Smartphones 28

7.1.1.2 Standalone Tracker 29

7.1.1.3 Advance Tracker 30

7.1.1.4 Others 31

8 Global Li-Fi Market, By End-User

8.1 Introduction 33

8.1.1.1 Aerospace & Defense 34

8.1.1.2 Healthcare 35

8.1.1.3 Education 36

8.1.1.4 Transportation 37

8.1.1.5 Automotive 38

8.1.1.6 Consumer Electronics 39

8.1.1.7 Retail 41

8.1.1.8 Government 42

8.1.1.9 Others 43

9 Global Li-Fi Market, By Region

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

10.1 Market Share Analysis 62

11 Company Profiles

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

6.1.1.1 LED 21

6.1.1.2 Optical Sensing 22

6.1.1.3 Microcontroller 23

6.1.1.4 Photo Detector 24

6.1.1.5 Others 25

7 Global Li-Fi Market, By Application 27

7.1 Introduction 27

7.1.1.1 Smartphones 28

7.1.1.2 Standalone Tracker 29

7.1.1.3 Advance Tracker 30

7.1.1.4 Others 31

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

8.1 Introduction 33

8.1.1.1 Aerospace & Defense 34

8.1.1.2 Healthcare 35

8.1.1.3 Education 36

8.1.1.4 Transportation 37

8.1.1.5 Automotive 38

8.1.1.6 Consumer Electronics 39

8.1.1.7 Retail 41

8.1.1.8 Government 42

8.1.1.9 Others 43

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

10.2.1.1 Business Overview 64

10.2.1.2 Product/Services Offering 64

10.2.1.3 Business Strategy 65

10.2.1.4 SWOT Analysis 65

10.2.2 PHILIPS N.V 66

10.2.2.1 Business Overview 66

10.2.2.2 Product/Services Offering 66

10.2.2.3 Business Strategy 67

10.2.2.4 SWOT Analysis 67

10.2.3 OLEDCOMM 68

10.2.3.1 Business Overview 68

10.2.3.2 Product/Services Offering 68

10.2.3.3 Business Strategy 69

10.2.3.4 SWOT Analysis 69

10.2.4 PURELIFI LTD. 70

10.2.4.1 Business Overview 70

10.2.4.2 Product/Services Offering 70

10.2.4.3 Business Strategy 70

10.2.4.4 SWOT Analysis 71

10.2.5 PANASONIC CORPORATION 72

10.2.5.1 Business Overview 72

10.2.5.2 Product/Services Offering 72

10.2.5.3 Business Strategy 73

10.2.5.4 SWOT Analysis 73

10.2.6 ACUITY BRANDS LIGHTING, INC. 74

10.2.6.1 Business Overview 74

10.2.6.2 Product/Services Offering 74

10.2.6.3 Business Strategy 74

10.2.6.4 1.1.2.4 SWOT Analysis 75

10.2.7 LIGHTPOINTE COMMUNICATIONS, INC. 76

10.2.7.1 Business Overview 76

10.2.7.2 Product/Services Offering 76

10.2.7.3 Business Strategy 76

10.2.7.4 SWOT Analysis 77

10.2.8 VELMENNI 78

10.2.8.1 Business Overview 78

10.2.8.2 Product/Services Offering 78

10.2.8.3 Business Strategy 78

10.2.8.4 SWOT Analysis 79

10.2.9 LIGHTBEE CORPORATION 80

10.2.9.1 Business Overview 80

10.2.9.2 Product/Services Offering 80

10.2.9.3 Business Strategy 80

10.2.9.4 SWOT Analysis 81

10.2.10 FSONA NETWORKS 82

10.2.10.1 Business Overview 82

10.2.10.2 Product/Services Offering 82

10.2.10.3 Business Strategy 82

10.2.10.4 SWOT Analysis 83

12 List Of Tables

TABLE 1 GLOBAL LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 20

TABLE 2 GLOBAL LI-FI MARKET OF LED SEGMENT BY REGION, 2020-2027 (USD MILLION) 21

TABLE 3 GLOBAL LI-FI MARKET OF OPTICAL SENSING BY REGION, 2020-2027 (USD MILLION) 22

TABLE 4 GLOBAL LI-FI MARKET OF MICRO-CONTROLLER SEGMENT BY REGION, 2020-2027 (USD MILLION) 23

TABLE 5 GLOBAL LI-FI MARKET OF PHOTO-DETECTOR SEGMENT BY REGION, 2020-2027 (USD MILLION) 24

TABLE 6 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2020-2027 (USD MILLION) 25

TABLE 7 GLOBAL LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 27

TABLE 8 GLOBAL LI-FI MARKET OF SMARTPHONE SEGMENT BY REGION, 2020-2027 (USD MILLION) 28

TABLE 9 GLOBAL LI-FI MARKET OF STANDALONE TRACKER SEGMENT BY REGION, 2020-2027 (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, 2020-2027 (USD MILLION) 31

TABLE 12 GLOBAL LI-FI MARKET, BY END-USER SEGMENT, 2020-2027 (USD MILLION) 33

TABLE 13 GLOBAL LI-FI MARKET OF AEROSPACE & DEFENSE SEGMENT BY REGION, 2020-2027 (USD MILLION) 34

TABLE 14 GLOBAL LI-FI MARKET OF HEALTHCARE SEGMENT BY REGION, 2020-2027 (USD MILLION) 35

TABLE 15 GLOBAL LI-FI MARKET OF EDUCATION SEGMENT BY REGION, 2020-2027 (USD MILLION) 36

TABLE 16 GLOBAL LI-FI MARKET OF TRANSPORTATION BY REGION, 2020-2027 (USD MILLION) 37

TABLE 17 GLOBAL LI-FI MARKET OF AUTOMOTIVE BY REGION, 2020-2027 (USD MILLION) 38

TABLE 18 GLOBAL LI-FI MARKET OF BY CONSUMER ELECTRONICS SEGMENT BY REGION, 2020-2027 (USD MILLION) 40

TABLE 19 GLOBAL LI-FI MARKET OF RETAIL MARKET BY REGION, 2020-2027 (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, 2020-2027 (USD MILLION) 43

TABLE 22 GLOBAL LI-FI MARKET RESEARCH REPORT- FORECAST,2020-2027 (USD MILLION) 44

TABLE 23 GLOBAL LI-FI MARKET RESEARCH REPORT BY NORTH AMERICA REGION - FORECAST 2020 -2027 (USD MILLION) 46

TABLE 24 NORTH AMERICA LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 47

TABLE 25 NORTH AMERICA LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48

TABLE 26 NORTH AMERICA LI-FI MARKET, BY END USER, 2020-2027 (USD MILLION) 49

TABLE 27 EUROPE LI-FI MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 50

TABLE 28 EUROPE LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 51

TABLE 29 EUROPE LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52

TABLE 30 EUROPE LI-FI MARKET, BY END USER, 2020-2027 (USD MILLION) 53

TABLE 31 ASIA PACIFIC LI-FI MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 54

TABLE 32 ASIA PACIFIC LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 55

TABLE 33 ASIA PACIFIC LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56

TABLE 34 ASIA PACIFIC LI-FI MARKET, BY END-USER, 2020-2027 (USD MILLION) 57

TABLE 35 ROW LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 58

TABLE 36 ROW LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59

TABLE 37 ROW LI-FI MARKET, BY END USER, 2020-2027 (USD MILLION) 60

TABLE 38 ROW LI-FI MARKET, BY END USER,2020-2027 (USD MILLION) 60

13 List Of Figures

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, 2020-2027 (USD MILLION) 20

FIGURE 8 GLOBAL LI-FI MARKET OF LED SEGMENT BY REGION, 2020-2027 (USD MILLION) 22

FIGURE 9 GLOBAL LI-FI MARKET OF OPTICAL SENSING BY REGION, 2020-2027 (USD MILLION) 23

FIGURE 10 GLOBAL LI-FI MARKET OF MICRO-CONTROLLER SEGMENT BY REGION, 2020-2027 (USD MILLION) 24

FIGURE 11 GLOBAL LI-FI MARKET OF PHOTO-DETECTOR SEGMENT BY REGION, 2020-2027 (USD MILLION) 25

FIGURE 12 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2020-2027 (USD MILLION) 26

FIGURE 13 GLOBAL LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 27

FIGURE 14 GLOBAL LI-FI MARKET OF SMARTPHONE SEGMENT BY REGION, 2020-2027 (USD MILLION) 29

FIGURE 15 GLOBAL LI-FI MARKET OF STANDALONE TRACKER SEGMENT BY REGION, 2020-2027 (USD MILLION) 30

FIGURE 16 GLOBAL LI-FI MARKET OF ADVANCE TRACKER SEGMENT BY REGION, 2020-2027 (USD MILLION) 31

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

FIGURE 18 GLOBAL LI-FI MARKET, BY END-USER SEGMENT, 2020-2027 (USD MILLION) 34

FIGURE 19 GLOBAL LI-FI MARKET, BY AEROSPACE & DEFENSE, 2020-2027 (USD MILLION) 35

FIGURE 20 GLOBAL LI-FI MARKET OF HEALTHCARE SEGMENT BY REGION, 2020-2027 (USD MILLION) 36

FIGURE 21 GLOBAL LI-FI MARKET EDUCATION SEGMENT BY REGION, 2020-2027 (USD MILLION) 37

FIGURE 22 GLOBAL LI-FI MARKET OF TRANSPORTATION BY REGION, 2020-2027 (USD MILLION) 38

FIGURE 23 GLOBAL LI-FI MARKET OF AUTOMOTIVE BY REGION, 2020-2027 (USD MILLION) 39

FIGURE 24 GLOBAL LI-FI MARKET BY CONSUMER ELECTRONICS SEGMENT BY REGION, 2020-2027 (USD MILLION) 40

FIGURE 25 GLOBAL LI-FI MARKET OF RETAIL MARKET BY REGION, 2020-2027 (USD MILLION) 41

FIGURE 26 GLOBAL LI-FI MARKET OF GOVERNMENT SEGMENT BY REGION, 2020 -2027 (USD MILLION) 42

FIGURE 27 GLOBAL LI-FI MARKET OF OTHERS SEGMENT BY REGION, 2020-2027 (USD MILLION) 43

FIGURE 28 GLOBAL LI-FI MARKET RESEARCH REPORT – FORECAST,2020-2027 (USD MILLION) 44

FIGURE 29 NORTH AMERICA LI-FI MARKET, BY COUNTRIES, 2020-2027 (USD MILLION) 46

FIGURE 30 NORTH AMERICA LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 47

FIGURE 31 NORTH AMERICA LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48

FIGURE 32 NORTH AMERICA LI-FI MARKET, BY END USER, 2020-2027 (USD MILLION) 49

FIGURE 33 EUROPE LI-FI MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 50

FIGURE 34 EUROPE LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 51

FIGURE 35 EUROPE LI-FI MARKET, BY APPLICATION , 2020-2027(USD MILLION) 52

FIGURE 36 EUROPE LI-FI MARKET, BY END USER, 2020-2027 (USD MILLION) 53

FIGURE 37 ASIA PACIFIC LI-FI MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 54

FIGURE 38 ASIA PACIFIC LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 55

FIGURE 39 ASIA PACIFIC LI-FI MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56

FIGURE 40 ASIA PACIFIC LI-FI MARKET, BY END-USER, 2020-2027 (USD MILLION) 57

FIGURE 41 ROW LI-FI MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 58

FIGURE 42 ROW LI-FI MARKET, BY APPLICATION, 2020-2027(USD MILLION) 59

FIGURE 43 GLOBAL LI-FI KEY PLAYERS MARKET SHARE, 2020 (%) 62

Li-Fi Market

Li-Fi Market will exhibit a CAGR of 70% in the forecast period of 2017 to 2023 and is expected to reach USD 51 Billion by 2023.

Segmentation

Based on Application Smartphone Standalone Advance Tracker
Based on Vertical Healthcare Education Retails Aviation Exhibition Others
Based on Type Li Fi Lamp Lifi Dongal Access Point Li Fi Kit
Based on Component Led Photodetectors Mcu

Key Players

  • Oledcomm (France)
  • Panasonic Corporation (Japan)
  • Koninklijke Philips N.V. (the Netherlands)
  • PureLiFi Limited (U.K)
  • LightPointe Communications
  • Inc. (U.S.)
  • LightBee Corporation (U.S.)
  • Velmenni (Tartu)
  • FSONA Networks (U.K)
  • Acuity Brands
  • Inc. (U.S.)
  • General Electric (U.S.)

Drivers

  • Adoption of LED lights and its associated ecosystem by customers
  • Increasing use of smartphones and the impending need for connectivity and high bandwidths.
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Li-Fi Market Overview:


Li-Fi is the remote correspondence innovation that utilizes light rather than radio waves to send information. The light correspondence framework is viewed as a less expensive choice to send the info contrasted with the radio waves. The essential parts of the Li-Fi innovation incorporate the LED lights, which are likewise financially savvy, ready to endure unforgiving circumstances, and solid. Other than the COVID inescapable, the market worth of the Li-Fi market can accomplish a size of USD 51 Billion by 2023, at a CAGR of 70%.


The Li-Fi market was esteemed at USD 295.4 million IN 2020 and will arrive at USD 4157.38 million by 2026, at a CAGR of 69.7% over 2021 - 2026. Li-Fi is a problematic innovation that is ready to affect numerous enterprises. The invention can open the capability of IoT, driving Industry 4.0 applications, and lead to the impending light-as-a-administration (LaaS) in the lighting business.


The CAGR of remote traffic has been 60% during the last 10 years. This development is supposed to support the following 10 to 15 years, which, in the ongoing situation, is a sensible supposition because of the approach of Internet-of-Things and machine type correspondence (MTC). It compares to an interest in the endless data transfer capacity multiple times, expecting a similar range of effectiveness.


The costs caused by the assembling of Li-Fi items are similarly higher. Nevertheless, the Li-Fi innovation is under the improvement stage; fewer market players are conveying the invention into business applications. The improvements were made to send the Li-Fi design to cell phones. The li-Fi starter unit costs over £2500 without the conveyance and different charges.


COVID-19 Analysis:


The COVID 19 has affected several industrial verticals and has affected the overall production rates in several sectors. However, the demand for the Li-Fi was not affected due to the factors such as work from home trends. Increasing demand for internet connectivity as the internet was utilized for entertainment, work, delivery, and several other functions. The countries were also focusing on energy-efficient options in recent times owing to the increasing demand for energy. Such factors have increased the demand for the Li-Fi Market.


Market Dynamics:



  • Market Drivers:


The increasing number of internet users across the globe has been increasing in recent times. A recent study shows that there are over 4.67 billion active internet users across the globe which accounts for about 59.5 percent of the global population. On the other hand, the increasing consumer base for smartphones is also impacting the overall growth of the Li-Fi Market.


The data transmission through a wireless medium is rapidly increasing and the saturation level of the radio-frequency is rapidly increasing as well. Such a state has led to the situation called a spectrum crunch, where the wireless frequency spectrum is becoming scarce for the available consumer devices. Such factors have increased the Li-Fi market demand in recent years.



  • Market Opportunities:


The developments were increasing in recent years and the availability of the Li-Fi for the general public should be by the year 2022. Already the grocery store in France has adopted the Li-Fi technology to track down the locations of the customers to provide, location-based marketing and other marketing strategies. The smartphones were working on deploying the Li-Fi technology for efficient working.


The increasing development of the Li-Fi products and the end-user industries such as defense, healthcare, lighting, and other end-users were integrating with the Pure Li-Fi and are increasingly allocating resources for the product development and commercialization of the technology.



  • Market Restraints:


The Li-Fi technology is still at the emerging stage and has not matured across the industry. Only a few market players have successfully integrated the Li-Fi technology in commercial applications. Such factors are affecting the emerging market players and thereby hindering the overall growth of the Li-Fi Market.


The utilization of the Li-Fi technology in smartphones is difficult as the smartphones are kept in bags, clutches, and enclosed spaces when not in usage. The mandatory requirement of them in contact with the light sources constantly is itself considered as the primary challenge for the Li-Fi market growth.



  • Market Challenges:


The physical barriers such as walls, physical objects that restrict the operational scope of the LED lamps are considered as the major challenges of the Li-Fi Industry. Although the internet connectivity is comparatively faster, the Li-Fi product remains confined within the closed space. The disruptions in the pathways can affect the potential of the Li-Fi technology.


The strategic placement of the LED lamps is essential for the effective functioning of the Li-Fi technology. On the other hand, the deployment requires LED lamps and constant lighting; therefore, deployment in the outdoors can’t be done. Such factors are hindering the overall growth of the Li-Fi Industry.



  • Cumulative Growth Analysis:


Smart glasses are the emerging technology that has been utilizing the Li-Fi technology in recent times, as one of the leading market players; Vuzix has successfully integrated the Li-Fi technology in the smart glasses as they have showcased reduced latency, ultra-fast connectivity, and other potential features. On the other hand, the primary component of the Li-Fi technology which LED lamps were considered the most cost-efficient component compared to other light sources, other beneficial features such as high durability, high energy output are considered as the primary growth factors of the Li-Fi Market.


The market value of the Li-Fi Market is expected to surpass USD 51 Billion by the year 2023 while registering a CAGR of 70%. Since the Li-Fi technology combines indoor lighting infrastructure and high-speed internet connectivity, the demand for the Li-Fi technology industry has increased tremendously in recent years. Further, the increasing developments in the industry and the emerging market players across the globe are stimulating the overall growth of the Market.



  • Value Chain Analysis:


The Light Emitting diode is the major component of the Li-Fi technology, which is primarily segmented as red green blue LEDs, organic LEDs, Microlens LED, near-infrared LED, ultraviolet LEDs which are the basic and primary components of the Li-Fi technology. The Li-Fi technologies are expected to be deployed in smart stores, street lights, consumer electronics, and other crucial areas where the demand for wireless communication systems was increasing. On the other hand, the medical sectors were segmented based on applications that include asset tracking, patient tracking, data monitoring, and other crucial functions. The major end-user applications of the Li-Fi technologies are digital signage, hotels, casinos, medical sectors, museums where the light setups were provided efficiently.


The emerging technology in the various verticals includes smart glasses, which require uninterrupted internet connectivity and are generally deployed indoors. Therefore the emerging smart glass technologies are intended to incorporate Li-Fi technology.


Segment Overview:


Based on Application:



  • Smartphone

  • Standalone

  • Advance Tracker


Based on Type:



  • Li-Fi Lamp

  • LifiDongal

  • Access Point

  • LiFi Kit


Based on Vertical:



  • Healthcare

  • Education

  • Retails

  • Aviation

  • Exhibition

  • Others


Based on Component:



  • Led

  • Photodetectors

  • MCU


Regional Analysis:


Currently, North America is expected to hold the largest market share concerning the Market. The well-established infrastructure and the advancing technologies in the region are expected to provide lucrative opportunities for the growth of the Li-Fi Market. On the other hand, the US navy is expected to showcase higher demand for the Li-Fi owing to the increasing operations in the navy sector.


The Asia-pacific region possesses a growing consumer base for smartphones and electronic gadgets that has been increasing in recent times. Additionally, the potential benefits of the Li-Fi technology such as better connectivity and the increasing demand for the navy and other applications are fuelling the overall growth of the Li-Fi Industry. On the other hand, the declining price of smartphones and the IoT devices with the high data transfer speeds in the Asia-pacific region is considered as the primary driving factor of the Li-Fi Market.


Competitive Landscape:



  • Acuity Brand Lighting

  • General Electric

  • Koninklijke Philips

  • Lightbee Corp

  • LVX System Corp

  • Pure Li-Fi

  • Oledcomm

  • Avago Technologies

  • Artek

  • ByteLight

  • Casio

  • IBSENtelecom

  • Panasonic

  • LightPointe Communications

  • Plaintree Systems

  • Lucille

  • Firefly Wireless Networks


Recent Developments:


In the year 2020:


one of the market players, Nav Wireless innovation, has embraced the Li-Fi innovation in the clinical area for moving critical patient information, for example, ventilator perusing, temperature, circulatory strain, etc., utilizing the LED lights and remote information moving innovation. The Li-Fi empowered chip and the USB dongles were associated with the machine to get the vital information of the patients, which have worked within getting the data from different sources.


In the year 2020:


the Getac innovation has effectively coordinated the Li-Fi creation in the mobiles, named UX10 completely rugged tablet. The rugged tablets were used in public well-being, auto, energy, and assembling areas.


Report Overview:



  • This report has covered:

  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments



Report Scope:
Report Attribute/Metric Details
  Market Size   51 Billion
  CAGR   70%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Application, By End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Oledcomm (France), Panasonic Corporation (Japan), Koninklijke Philips N.V. (the Netherlands), PureLiFi Limited (U.K), LightPointe Communications, Inc. (U.S.), LightBee Corporation (U.S.), Velmenni (Tartu), FSONA Networks (U.K), Acuity Brands, Inc. (U.S.), General Electric (U.S.)
  Key Market Opportunities   Smart lighting solutions being embraced by major sectors for saving on energy expenses.
  Key Market Drivers

  • Adoption of LED lights and its associated ecosystem by customers.
  • Increasing use of smartphones and the impending need for connectivity and high bandwidths.


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    Frequently Asked Questions (FAQ) :

    • Location-based services • Intelligent car parking • Health monitoring • Logistics • Shopping assistance

    The researches for the Li-Fi networking techniques which include multi-user access, interference mitigation, and mobility support are carried out intensively in recent times. On the other hand, the Li-Fi products are witnessing tremendous development in recent years, and are increasingly deployed in smart appliances in smart cities/smart homes for energy optimization. Such factors are considered as the major driver of the Market.

    The Li-Fi is considered the most-economical solution comparatively. The effective applications of the Li-Fi technology include location-based services, mobile connectivity, smart lighting, effective operation in hazardous environments as well.

    • Led • Photodetectors • MCU