Market Overview:
The global light fidelity (Li-Fi) market is expected to grow at a CAGR of over 33% during the forecast period from 2018 to 2030. The growth in the Li-Fi market can be attributed to factors such as increasing demand for high-speed internet, rising awareness about the benefits of Li-Fi technology and growing number of applications for Li-Fi technology. Based on type, the global light fidelity (Li-Fi) market is segmented into photodetectors, LED and microcontrollers. Photodetectors are further subsegmented into receivers and transmitters. LED is further subsegmented into visible LEDs and infrared LEDs. Microcontrollers are further subsegmented into standalone microcontrollers and system on chip (SoC) microcontrollers. Based on application, the global light fidelity (Li-FI) market is segmented into automotive & transport, retail, consumer electronics, defense & security healthcare aviation among others.
Product Definition:
Light Fidelity (Li-Fi) is a technology that uses light to transmit data. It is similar to Wi-Fi, but uses light instead of radio waves. This makes it much faster and more secure.
Photodetectors:
Photodetectors are detectors for light. They are electronic devices that respond to incident light by generating an electric current. The main application of photodetectors is in detecting and measuring optical properties such as reflectance, transmittance, fluorescence, phosphorescence and luminescence of a substance or material.
LED:
LED is a light source used in various applications such as automotive, consumer electronics, and commercial lighting. LED is an advanced form of light bulb which includes many benefits over the traditional bulbs. The major benefit of LED is that it uses less power compared to conventional lights; this makes it more energy-efficient and useful for longer periods with fewer charging cycles. It also has better color rendering capabilities than incandescent lamps making them ideal for use in outdoor applications where appearance plays a key role.
Application Insights:
The consumer electronics segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing adoption of Li-Fi in smartphones, tablets, laptops and smartwatches is anticipated to drive demand from 2018 to 2030. Moreover, increasing penetration of 4G technology across the globe has paved way for new data communication standards including Wi-Fi which also benefits the overall market growth.
Light fidelity emulates a wireless network just like Wi-Fi does but it has an advantage over conventional networks as it uses light instead of radio waves for data transmission hence named as Li-Fi or Light Fidelity. It provides high security as no physical contact is required between devices communicating through light fidelity protocol thus making it ideal choice among consumers looking forward secure wireless connections at home or while on move. Furthermore, many major brands are coming up with their own proprietary products leveraging this technology thereby driving its demand further over the forecast period (see figure below).
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 35% of the global revenue share. The European Commission has announced its plan to make all buildings connected by 2025, which will create a huge demand for light-based internet access. Moreover, several initiatives are being taken up to provide free public Wi-Fi in various countries such as Finland and Sweden. Such developments are expected to increase awareness regarding Li-Fi technology and propel growth over the next eight years.
Asia Pacific is estimated to be the fastest growing region with a CAGR of XX% from 2018 to 2030 owing high adoption rates of emerging technologies coupled with rising disposable income levels among consumers especially in China and Japan resulting from economic growth along with increasing government spending on defense & security applications driving demand across developing countries such as India, Indonesia, Malaysia, Thailand etc.
Growth Factors:
- Increasing demand for high-speed internet: The need for high-speed internet is increasing day by day, especially in the developed countries. Li-Fi can provide speeds up to 10 Gbps, which is many times faster than the current average speed of Wi-Fi. This will attract more users to Li-Fi and help in its growth.
- Government initiatives: Governments of various countries are taking initiatives to promote the use of Li-Fi technology. For example, in 2015, Estonian government announced a project called “Estonia 100” which aims to make Estonia one of the first countries in the world with a nationwide infrastructure for optical wireless communication (Li-Fi). Such government initiatives will help in boosting the growth of Li-Fi market worldwide.
- Growing awareness about benefits of Li-Fi: Awareness about benefits offered by Li-Fi technology is growing rapidly among consumers as well as businesses worldwide. Some key benefits offered by this technology include increased security, higher bandwidth and faster data transmission rates as compared to traditional WiFI technologies etc.). This is helping in driving wider adoption of this technology across different sectors such as education, healthcare etc..
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Fidelity (Li-Fi) Market Research Report
By Type
Photodetectors, LED, Microcontrollers
By Application
Automotive & Transport, Retail, Consumer Electronics, Defense & Security, Healthcare, Aviation
By Companies
PureLifi, Visilink, Oledcomm, Velmenni, Ibsentelecom, ByteLight, Axrtek, LVX System, Qualcomm, Supreme Architecture
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Light Fidelity (Li-Fi) Market Report Segments:
The global Light Fidelity (Li-Fi) market is segmented on the basis of:
Types
Photodetectors, LED, Microcontrollers
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
Automotive & Transport, Retail, Consumer Electronics, Defense & Security, Healthcare, Aviation
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:
- PureLifi
- Visilink
- Oledcomm
- Velmenni
- Ibsentelecom
- ByteLight
- Axrtek
- LVX System
- Qualcomm
- Supreme Architecture
Highlights of The Light Fidelity (Li-Fi) 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:
- Photodetectors
- LED
- Microcontrollers
- By Application:
- Automotive & Transport
- Retail
- Consumer Electronics
- Defense & Security
- Healthcare
- Aviation
- 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) 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.
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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 is a term used to describe the quality of light emitted from an electronic device. Li-Fi refers to the use of light waves over short distances in order to transmit data.
Some of the major companies in the light fidelity (li-fi) market are PureLifi, Visilink, Oledcomm, Velmenni, Ibsentelecom, ByteLight, Axrtek, LVX System, Qualcomm, Supreme Architecture.
The light fidelity (li-fi) market is expected to grow at a compound annual growth rate of 33%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Fidelity (Li-Fi) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Light Fidelity (Li-Fi) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Light Fidelity (Li-Fi) Market - Supply Chain
4.5. Global Light Fidelity (Li-Fi) Market Forecast
4.5.1. Light Fidelity (Li-Fi) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Light Fidelity (Li-Fi) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Light Fidelity (Li-Fi) Market Absolute $ Opportunity
5. Global Light Fidelity (Li-Fi) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Light Fidelity (Li-Fi) Market Size and Volume Forecast by Type
5.3.1. Photodetectors
5.3.2. LED
5.3.3. Microcontrollers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Light Fidelity (Li-Fi) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Light Fidelity (Li-Fi) Market Size and Volume Forecast by Application
6.3.1. Automotive & Transport
6.3.2. Retail
6.3.3. Consumer Electronics
6.3.4. Defense & Security
6.3.5. Healthcare
6.3.6. Aviation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Light Fidelity (Li-Fi) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Light Fidelity (Li-Fi) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Light Fidelity (Li-Fi) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Light Fidelity (Li-Fi) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Light Fidelity (Li-Fi) Demand Share Forecast, 2019-2029
9. North America Light Fidelity (Li-Fi) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Light Fidelity (Li-Fi) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Light Fidelity (Li-Fi) Market Size and Volume Forecast by Application
9.4.1. Automotive & Transport
9.4.2. Retail
9.4.3. Consumer Electronics
9.4.4. Defense & Security
9.4.5. Healthcare
9.4.6. Aviation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Light Fidelity (Li-Fi) Market Size and Volume Forecast by Type
9.7.1. Photodetectors
9.7.2. LED
9.7.3. Microcontrollers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Light Fidelity (Li-Fi) Demand Share Forecast, 2019-2029
10. Latin America Light Fidelity (Li-Fi) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Light Fidelity (Li-Fi) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Light Fidelity (Li-Fi) Market Size and Volume Forecast by Application
10.4.1. Automotive & Transport
10.4.2. Retail
10.4.3. Consumer Electronics
10.4.4. Defense & Security
10.4.5. Healthcare
10.4.6. Aviation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Light Fidelity (Li-Fi) Market Size and Volume Forecast by Type
10.7.1. Photodetectors
10.7.2. LED
10.7.3. Microcontrollers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Light Fidelity (Li-Fi) Demand Share Forecast, 2019-2029
11. Europe Light Fidelity (Li-Fi) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Light Fidelity (Li-Fi) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Light Fidelity (Li-Fi) Market Size and Volume Forecast by Application
11.4.1. Automotive & Transport
11.4.2. Retail
11.4.3. Consumer Electronics
11.4.4. Defense & Security
11.4.5. Healthcare
11.4.6. Aviation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Light Fidelity (Li-Fi) Market Size and Volume Forecast by Type
11.7.1. Photodetectors
11.7.2. ED
11.7.3. Microcontrollers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Light Fidelity (Li-Fi) Demand Share, 2019-2029
12. Asia Pacific Light Fidelity (Li-Fi) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Light Fidelity (Li-Fi) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Light Fidelity (Li-Fi) Market Size and Volume Forecast by Application
12.4.1. Automotive & Transport
12.4.2. Retail
12.4.3. Consumer Electronics
12.4.4. Defense & Security
12.4.5. Healthcare
12.4.6. Aviation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Light Fidelity (Li-Fi) Market Size and Volume Forecast by Type
12.7.1. Photodetectors
12.7.2. LED
12.7.3. Microcontrollers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Light Fidelity (Li-Fi) Demand Share, 2019-2029
13. Middle East & Africa Light Fidelity (Li-Fi) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Light Fidelity (Li-Fi) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Light Fidelity (Li-Fi) Market Size and Volume Forecast by Application
13.4.1. Automotive & Transport
13.4.2. Retail
13.4.3. Consumer Electronics
13.4.4. Defense & Security
13.4.5. Healthcare
13.4.6. Aviation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Light Fidelity (Li-Fi) Market Size and Volume Forecast by Type
13.7.1. Photodetectors
13.7.2. LED
13.7.3. Microcontrollers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Light Fidelity (Li-Fi) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Light Fidelity (Li-Fi) Market: Market Share Analysis
14.2. Light Fidelity (Li-Fi) Distributors and Customers
14.3. Light Fidelity (Li-Fi) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PureLifi
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Visilink
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oledcomm
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Velmenni
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ibsentelecom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ByteLight
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Axrtek
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LVX System
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Qualcomm
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Supreme Architecture
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook