Market Overview:
The global light fidelity (Li-Fi) and visible light communication market is expected to grow at a CAGR of over 30% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for high-speed data transmission, rising awareness about the benefits of Li-Fi technology, and growing adoption of LED lighting in various applications. Based on type, the Li-Fi and visible light communication market can be segmented into LED, photodetectors, and microcontrollers (MCU). The LED segment is expected to account for a major share of the global market in 2018. This segment is projected to grow at a CAGR of over 35% during the forecast period. The growth in this segment can be attributed to factors such as increasing demand for energy-efficient lighting solutions and rising awareness about the benefits offered by Li-Fi technology. Based on application, the Li-Fi and visible light communication market can be divided into retail, electronics, defense & security, automotive & transport aerospace & aviation healthcare ,and others .The retail sector is expected to account for a major share ofthe globalmarketin2018 .
 & Visible Light Communication Industry Outlook.svg)
Product Definition:
Light fidelity (Li-Fi) is a technology that uses light to transmit data. Visible light communication (VLC) is a subset of Li-Fi that uses visible light to transmit data. Both technologies use the same underlying principle: Modulating the intensity of a light source in order to encode information.
They are much faster, with speeds up to 10 Gbps reported in laboratory tests.
They are more secure, as they are not susceptible to eavesdropping or interference from other devices.
They require no special hardware or software, and can be implemented using standard LED lighting fixtures.
LED:
LED is a semiconductor device that produces light when an electric current is passed through it. The most commonly used LED today are those found in digital displays, such as the ones in your computer or smartphone. However, there are many other types of LEDs out there which can be used for various applications; some of these include LEDs for traffic signals, medical imaging scanners (x-ray & MRI), and car headlamps among others.
Photodetectors:
Photodetectors are detectors that work on the principle of detecting light and responding to it. They are used in Li-Fi & VLC products for communication purposes. A photodiode is a type of photodetector, which is used in Li-Fi systems for data transmission. It helps in detecting the presence of other devices using visible light communication (VLC) technology within its detection range thereby enabling them to communicate with each other.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of Li-Fi technology in e-commerce and online shopping applications. Moreover, Li-Fi offers secure data transfer facilities as it uses unbreakable encryption techniques for protecting customer information during online transactions. Thus, retailers are adopting this technology to provide an enhanced user experience while surfing through the internet portals or stores with greater speed and efficiency across all devices including smartphones, laptops etc.
Light fidelity communication is used by aerospace & aviation companies for providing high security data transfer services during aircraft maintenance activities or during flight operations with ground crew members on board aircrafts using their mobile devices as a wireless interface between them.
Regional Analysis:
Europe is expected to be the key regional market over the forecast period owing to early technology adoption by various industry verticals. The European Commission (EC) has taken several initiatives for Li-Fi implementation in public spaces and homes. For instance, EC has deployed 40 light-emitting diode (LED) boxes in major cities of Europe as part of its research project on Light Fidelity. Moreover, it is also funding several other projects related to Li-Fi technology across Europe.
North America region is anticipated to witness significant growth over the next eight years owing to increasing demand for wireless data connectivity in various applications including healthcare and automotive among others at a reasonable cost with high efficiency. Furthermore, presence of prominent players such as Intel Corporation; Google Inc.; Qualcomm Inc.; Broadcom Limited; Atheros Communications Inc.; MediaTek Technologies Co., Ltd.
Growth Factors:
- Increasing demand for high-speed internet: The need for high-speed internet is increasing day by day, and Li-Fi can provide speeds up to 10 Gbps. This is much faster than the current Wi-Fi technology, which provides speeds of up to 1 Gbps.
- Growing demand for wireless connectivity: With the increase in the number of devices that need to be connected wirelessly, there is a growing demand for wireless connectivity solutions such as Li-Fi.
- Increasing awareness about the benefits of Li-Fi: There is a growing awareness about the benefits of using Li-Fi over traditional Wi-Fi technology, such as higher security and increased bandwidth capacity. This is helping to drive adoption of Li-Fi technology worldwide.
- Development of new applications for Li-FI: The potential applications ofLi Fi are endless and continue to be explored by researchers all over the world. This is helping to drive growth in the market forLi Fi and Visible Light Communication (VLC).
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Fidelity (Li-Fi) & Visible Light Communication Market Research Report
By Type
LED, Photodetectors, Microcontrollers (MCU)
By Application
Retail, Electronics, Defense & Security, Automotive & Transport, Aerospace & Aviation, Healthcare, Others
By Companies
General Electric, Oledcomm, Renesas Electronics, PureLiFi, Lvx System, Acuity Brands, Qualcomm, IBSENtelecom, Koninklijke Philips, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Light Fidelity (Li-Fi) & Visible Light Communication Market Report Segments:
The global Light Fidelity (Li-Fi) & Visible Light Communication market is segmented on the basis of:
Types
LED, Photodetectors, Microcontrollers (MCU)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Electronics, Defense & Security, Automotive & Transport, Aerospace & Aviation, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Oledcomm
- Renesas Electronics
- PureLiFi
- Lvx System
- Acuity Brands
- Qualcomm
- IBSENtelecom
- Koninklijke Philips
- Panasonic
 & Visible Light Communication Market Overview.svg)
Highlights of The Light Fidelity (Li-Fi) & Visible Light Communication Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED
- Photodetectors
- Microcontrollers (MCU)
- By Application:
- Retail
- Electronics
- Defense & Security
- Automotive & Transport
- Aerospace & Aviation
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Fidelity (Li-Fi) & Visible Light Communication Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 & Visible Light Communication Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light fidelity (Li-Fi) is a technology that uses visible light communication to transmit data.
Some of the major companies in the light fidelity (li-fi) & visible light communication market are General Electric, Oledcomm, Renesas Electronics, PureLiFi, Lvx System, Acuity Brands, Qualcomm, IBSENtelecom, Koninklijke Philips, Panasonic.
The light fidelity (li-fi) & visible light communication market is expected to grow at a compound annual growth rate of 30%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Fidelity (Li-Fi) & Visible Light Communication Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Fidelity (Li-Fi) & Visible Light Communication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Fidelity (Li-Fi) & Visible Light Communication Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Fidelity (Li-Fi) & Visible Light Communication Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Fidelity (Li-Fi) & Visible Light Communication Market Size & Forecast, 2018-2028
4.5.1 Light Fidelity (Li-Fi) & Visible Light Communication Market Size and Y-o-Y Growth
4.5.2 Light Fidelity (Li-Fi) & Visible Light Communication Market Absolute $ Opportunity
Chapter 5 Global Light Fidelity (Li-Fi) & Visible Light Communication Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Type
5.2.1 LED
5.2.2 Photodetectors
5.2.3 Microcontrollers (MCU)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Fidelity (Li-Fi) & Visible Light Communication Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Electronics
6.2.3 Defense & Security
6.2.4 Automotive & Transport
6.2.5 Aerospace & Aviation
6.2.6 Healthcare
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Fidelity (Li-Fi) & Visible Light Communication Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Fidelity (Li-Fi) & Visible Light Communication Analysis and Forecast
9.1 Introduction
9.2 North America Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Type
9.6.1 LED
9.6.2 Photodetectors
9.6.3 Microcontrollers (MCU)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Electronics
9.10.3 Defense & Security
9.10.4 Automotive & Transport
9.10.5 Aerospace & Aviation
9.10.6 Healthcare
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Fidelity (Li-Fi) & Visible Light Communication Analysis and Forecast
10.1 Introduction
10.2 Europe Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Type
10.6.1 LED
10.6.2 Photodetectors
10.6.3 Microcontrollers (MCU)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Electronics
10.10.3 Defense & Security
10.10.4 Automotive & Transport
10.10.5 Aerospace & Aviation
10.10.6 Healthcare
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Fidelity (Li-Fi) & Visible Light Communication Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Type
11.6.1 LED
11.6.2 Photodetectors
11.6.3 Microcontrollers (MCU)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Electronics
11.10.3 Defense & Security
11.10.4 Automotive & Transport
11.10.5 Aerospace & Aviation
11.10.6 Healthcare
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Fidelity (Li-Fi) & Visible Light Communication Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Type
12.6.1 LED
12.6.2 Photodetectors
12.6.3 Microcontrollers (MCU)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Electronics
12.10.3 Defense & Security
12.10.4 Automotive & Transport
12.10.5 Aerospace & Aviation
12.10.6 Healthcare
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Fidelity (Li-Fi) & Visible Light Communication Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Type
13.6.1 LED
13.6.2 Photodetectors
13.6.3 Microcontrollers (MCU)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Fidelity (Li-Fi) & Visible Light Communication Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Electronics
13.10.3 Defense & Security
13.10.4 Automotive & Transport
13.10.5 Aerospace & Aviation
13.10.6 Healthcare
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Fidelity (Li-Fi) & Visible Light Communication Market: Competitive Dashboard
14.2 Global Light Fidelity (Li-Fi) & Visible Light Communication Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Oledcomm
14.3.3 Renesas Electronics
14.3.4 PureLiFi
14.3.5 Lvx System
14.3.6 Acuity Brands
14.3.7 Qualcomm
14.3.8 IBSENtelecom
14.3.9 Koninklijke Philips
14.3.10 Panasonic
