Li-Fi Market 2023 – 2030 By Vertical (Education, Retail, Healthcare, Aviation, Exhibition, Others), Type (Li-Fi Lamp, LifiDongal, Access Point, LiFi Kit), Application (Smartphone, Standalone, Advance Tracker) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competive Index & Regional Footprints by MarketDigits

Industry : Information Technology | Pages : 180 Pages | Published On : Dec 2023

         
     

The Li-Fi Market size is estimated to grow from USD 295 Million in 2022 to reach USD 18,769.7 Million by 2030, growing at a CAGR of 68.1% during the forecast period from 2023 to 2030.

Li-Fi Market Size


Graph
             2022                         2023 to 2030      

ReportDetails
Market Size ValueUSD 295 Million in 2022
Market Size ValueUSD 18,769.7 Million by 2030
CAGR68.1%
Forecast Period2023 to 2030
Historic Data2022
Segments CoveredComponent, Type, Transmission, Application, End-user and Region
Geographics CoveredNorth America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players Li-Fi Market include: Fujitsu, General Electric, Integrated System Technologies Ltd., Lightbee S.L., Lucibel, NAV Technologies, Renesas Electronics Corporation, Signify Holding B.V., Oledcomm SAS, PureLiFi Limited, SLD Laser, Velmenni OÜ, VLNComm, Fsona Networks Corporation, Acuity Brands, Inc., DRO Co. Ltd, LVX System and Others.

The Growth of Li-Fi Market Driven by increasing demand for high-speed and reliable wireless communication solutions

The escalating volume of data transmitted and accessed by diverse devices poses significant challenges to traditional Wi-Fi networks, leading to issues related to congestion and data speed. In contrast, Li-Fi technology utilizes light signals for data transmission and provides substantially higher data transfer rates compared to conventional Wi-Fi. This exceptional characteristic renders Li-Fi an appealing solution for applications that demand swift and dependable data transmission, including smart homes, smart cities, industrial automation, and internet of things (IoT) devices. The increasing demand for efficient and high-bandwidth wireless communication solutions is driving the surge in Li-Fi technology adoption, propelling its market growth.

Integration of Li-Fi technology with existing lighting infrastructure, promoting seamless adoption and deployment

One of the notable trends in the Li-Fi market involves the seamless integration of Li-Fi technology with existing lighting systems. As the demand for Li-Fi rises, manufacturers and developers are dedicating efforts to create Li-Fi-enabled light fixtures that can replace traditional LED bulbs or fluorescent lights. These intelligent lighting solutions combine lighting and data communication functionalities, enabling businesses and consumers to upgrade their lighting setups without incurring significant additional costs or infrastructure modifications. By incorporating Li-Fi technology into current light fixtures, the need for separate installation or wiring is eliminated, leading to cost-effective deployment. Moreover, this integration provides easy scalability, allowing users to expand Li-Fi coverage by simply adding more Li-Fi-enabled light fixtures. This integration with lighting infrastructure is expected to promote widespread adoption of Li-Fi technology across various industries and applications, ushering in a connected and efficient future with enhanced data communication capabilities through light.

North America Dominated the Li-Fi Market during the forecast period.

During the projected period in 2022, North America is projected to take the lead in the global market, holding the largest market share. This dominance can be attributed to several significant factors, including remarkable technological advancements, an increasing preference for energy-efficient devices, and a growing demand for high-speed bandwidth across North American countries. North America has earned a reputation as a pioneer in technological innovations, leading the way in the development of smart cities, smart buildings, cloud computing, electronic products, and the Internet of Things (IoT). Additionally, the adoption of this technology is steadily gaining momentum in subsea and marine communication applications.

On the other hand, The Asia Pacific region is poised to capture a substantial market share, displaying the most rapid growth rate. Within this region, Li-Fi, an emerging technology competing with Wi-Fi, is gaining prominence. Wi-Fi plays a vital role in driving the region's digital economy, while Li-Fi utilizes visible light to transmit wireless signals. Industry experts propose that integrating Li-Fi alongside Wi-Fi can alleviate network congestion, enhance streaming and downloading speeds, and provide additional bandwidth. As the Wi-Fi industry grows, the Li-Fi market is expected to expand in parallel, complementing rather than replacing Wi-Fi. Furthermore, a high-quality visible light communication system holds the potential to offer faster and more cost-effective data transfer compared to traditional Chinese broadband connections. As a result, the Chinese government is investing in research and development to create such a system. Additionally, medical facilities and hospitals in the region are leveraging various advanced technologies, including UV-LED, CT scans, and other radiography technologies, to enable early disease detection and diagnosis, thus facilitating prompt patient treatment.

The Li-Fi Market research report provides an in-depth overview of the industry including market segmentation by Component, Type, Transmission, Application, End-user and Region and Region. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as new product launch, collaborations, expansions, investment analysis, mergers and acquisitions.

Li-Fi Market is segmented by region and further by countries, Component, Type, Transmission, Application, End-user and Region. Players, stakeholders, and other participants in the global Li-Fi Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

Report further studies the market strategies of key players, recent development status, future plans and Li-Fi Market trends across the world. Also, it splits Li-Fi Market Segmentation by material, end-user and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

  • By Component
    • Photodetector
    • LED
    • Optical Sensing
    • Microcontroller
    • Antenna
    • Others
  • By Type
    • Li-Fi Lamp
    • Lifi Dongal
    • Access Point
    • LiFi Kit
  • By Transmission
    • Unidirectional
    • Bidirectional
  • By Application
    • Advanced Tracker
    • Location Based Services (LBS)
    • Standalone Tracker
    • Indoor Networking
    • Underwater Communication Line
    • Smartphone
    • Others
  • By End User
    • Automotive
    • Retail
    • Healthcare
    • Aerospace and defence
    • Government
    • Transportation
    • Education
    • Consumer electronics
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • Israel
      • South Africa
      • Rest of Middle East & Africa      

Reason to purchase this Li-Fi Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Li-Fi Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different and Li-Fi Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Li-Fi Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Li-Fi Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Li-Fi Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
  3. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  4. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
  5. Li-Fi Market, By Component
    1. Introduction
    2. Photodetector
    3. LED
    4. Optical Sensing
    5. Microcontroller
    6. Antenna
    7. Others
  6. Li-Fi Market, By Type
    1. Introduction
    2. Li-Fi Lamp
    3. Lifi Dongal
    4. Access Point
    5. LiFi Kit
  7. Li-Fi Market, By Transmission 
    1. Introduction
    2. Unidirectional
    3. Bidirectional
  8. Li-Fi Market, By Application 
    1. Introduction
    2. Advanced Tracker
    3. Location Based Services (LBS)
    4. Standalone Tracker
    5. Indoor Networking
    6. Underwater Communication Line
    7. Smartphone
    8. Others
  9. Li-Fi Market, By End User
    1. Introduction
    2. Automotive
    3. Retail
    4. Healthcare
    5. Aerospace and defense
    6. Government
    7. Transportation
    8. Education
    9. Consumer electronics
    10. Others
  10. Li-Fi Market, By Geography
    1. North America
      1. U.S.
      2. Canada
    2. Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Rest of the world (RoW)
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  11. Competitive Landscapes
    1. Introduction
    2. Top Companies Ranking
    3. Market Share Analysis
      1. Competition Dashboard
      2. Market Share Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. Fujitsu
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. General Electric
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Integrated System Technologies Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
        6. Rewards & Recognition
      4. Lightbee S.L.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. Lucibel
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. NAV Technologies
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. Renesas Electronics Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Signify Holding B.V.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. Oledcomm SAS
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. PureLiFi Limited
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. SLD Laser
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Velmenni O00DC
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. VLNComm
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Fsona Networks Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Acuity Brands, Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      16. DRO Co. Ltd
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      17. LVX System
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

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This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

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Covered Key Topics

Growth Opportunities

Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

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