Li-Fi Market Research Report Information By Type (Li-Fi Lamp, LifiDongal, Access Point, LiFi Kit), By Application (Smartphone, Standalone, Advance Tracker), By Vertical (Education, Retail, Healthcare, Aviation, Exhibition, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Global Li-Fi Market Overview

The  Li-Fi Market Size was valued at USD 12.78 Billion in 2022. The Li-Fi industry is projected to grow from USD 25.56 Billion in 2023 to USD 116.96 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 31.60% during the forecast period (2023 - 2030). Li-Fi (Light Fidelity) is a wireless communication technology that uses visible light to transmit data. It operates by modulating the intensity of light emitted by a LED light source and using it to transmit data. The technology works by converting electrical signals into light signals, which are then transmitted through the air and received by a photodetector. Li-Fi provides several advantages over traditional Wi-Fi technology, including higher bandwidth, increased security, and improved reliability in environments with high levels of radio frequency interference. Additionally, Li-Fi is safe for human health as it uses visible light, which is not harmful to the human body. Li-Fi is being developed for a wide range of applications, including internet access, lighting control, and indoor navigation. The growing demand for high-speed data communication and the increasing need for secure and reliable wireless technology is driving the growth of the Li-Fi market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Li-Fi Market Trends

• Increasing the use of smartphones will boost the growth of the market

Smartphones are becoming increasingly popular as the primary device for accessing the internet, and the demand for high-speed and secure wireless data connectivity is growing. Li-Fi technology offers several advantages over traditional Wi-Fi technology, including higher bandwidth and increased security, making it an attractive solution for providing wireless data connectivity to smartphones, boosting the growth of the Li-Fi market.

Li-Fi Market Segment Insights

Li-Fi Type Insights

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.

Li-Fi Application Insights

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.

Li-Fi Vertical Insights

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.

Figure 2:  Li-Fi Market, by Type, 2022 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Li-Fi Regional Insights

By region, the study provides market insights 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.

Figure 3:  LI-FI MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

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.

Li-Fi Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Li-Fi industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the  Li-Fi industry to benefit customers and expand the market sector. Major market players, including General Electric, PureLiFi, Koninklijke Philips, Panasonic, Casio, and others, are attempting to increase market demand by funding R&D initiatives.

The corporation Panasonic focuses on the design, production, and marketing of electronic equipment. It provides a variety of services including air conditioning, business communication systems, document scanners, housing equipment devices, optical disc archive solutions, displays, and ventilating fans. The business provides services to energy, entertainment, financial, healthcare, and other industries.

PureLiFi is a firm that specializes in Li-Fi and visible light communication technology research and development. It enables users to communicate data across devices by utilizing visible light generated by LED lights. The company introduces Gigabit LiFi, LiFi-XC, and Gigabit Light Antenna data transmitters as well as a LiFi phone case.

Key Companies in the Li-Fi market include

• Acuity Brand Lighting


• General Electric


• Koninklijke Philips


• Lightbee Corp


• LVX System Corp


• Pure Li-Fi


• Oledcomm


• Avago Technologies


• Panasonic


• Casio

Li-Fi Industry Developments

August 2022: PureLiFi has released the latest Kernel version 5.19, which is widely regarded as a significant upgrade integrating security and network enhancements, as well as LiFi drivers to enable pureLiFi devices. The official Linux Kernel serves as the foundation for all Linux distributions, including Ubuntu and Fedora for PCs and servers, as well as Android for mobile devices.

Li-Fi Market Segmentation

Li-Fi Type Outlook

• Li-Fi Lamp


• LifiDongal


• Access Point


• LiFi Kit

Li-Fi Application Outlook

• Smartphone


• Standalone


• Advance Tracker

Li-Fi Vertical Outlook

• Education


• Retails


• Healthcare


• Aviation


• Exhibition


• Others

Li-Fi Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America