Global Light Fidelity (Li-Fi) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

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Global Light Fidelity (Li-Fi) Market is expected to grow significantly from USD 1,638.9 Million in 2016, to USD 80,499.4 Million in 2023, at a CAGR of 74.6% from 2017 to 2023. The factors driving the growth rate of the global Li-Fi market are growing demand of high-speed data transmission, increasing number of internet users, and growing application of Li-Fi technology in automotive and transportation. Low interference in the data transmission provides thrust to high-speed data transmission. Moreover, huge bandwidth spectrum, and rising adoption of LED based lighting systems fuels the global Li-Fi market. Furthermore, high degree of energy efficiency with low power consumption and high durability, and increasing application of location-based service (LBS) also propels the growth of the global Li-Fi market. Integration of Li-Fi technology into a solar panel to create a self-powered receiver is an opportunity to solar panel manufacturer to develop solar panels that are self-sufficient to power it. The years used for the assessment are as follows:

  • Historical year : 2013, 2014, 2015
  • Base year   : 2016
  • Forecast period : 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total Li-Fi market and it various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global Li-Fi market
  • Finalizing the overall size and share for the global Li-Fi market

OBJECTIVES: 

  • To classify the global Li-Fi market into segments by component, application, technology, end-user, and region and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with the global Li-Fi market
  • Profiling key companies operating in the global Li-Fi market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global Li-Fi market is as follows:

By Component 

  • LED
  • Photo Detector
  • Microcontroller
  • Optical Sensing

By Application

  • Intrinsically Safe Environment
  • Indoor Networking
  • Underwater Communication
  • Location Based Service (LBS)

By Technology

  • Standalone Tracker
  • Advanced Tracker 

By End User 

  • Education
  • Healthcare
  • Aerospace
  • Defense and Security
  • Automotive and Transportation
  • Retail
  • Consumer Electronics
  • Others 

By Region 

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Global Light Fidelity (Li-Fi) Market is expected to grow significantly from USD 1,638.9 Million in 2016, to USD 80,499.4 Million in 2023, at a CAGR of 74.6% from 2017 to 2023. The factors driving the growth rate of the global Li-Fi market are growing demand of high-speed data transmission, increasing number of internet users, and growing application of Li-Fi technology in automotive and transportation. Low interference in the data transmission provides thrust to high-speed data transmission. Moreover, huge bandwidth spectrum, and rising adoption of LED based lighting systems fuels the global Li-Fi market. Furthermore, high degree of energy efficiency with low power consumption and high durability, and increasing application of location-based service (LBS) also propels the growth of the global Li-Fi market. Integration of Li-Fi technology into a solar panel to create a self-powered receiver is an opportunity to solar panel manufacturer to develop solar panels that are self-sufficient to power it. However, data transmission at the line-of-sight, and lack of awareness among people may hinder the growth of the global Li-Fi market.

Light Fidelity (Li-Fi) is a wireless data transmission technology, which uses a light emitting diode (LED) as a medium to enable fast data communication. Instead of the radio wave, Li-Fi technology uses light wave for transmitting data which attributes data safety and security. Data is transmitted by varying the intensity of LED much higher than the human eye follows. Li-Fi technology offers various applications in aircraft cabins, RF restricted environment, ocean beds, operation theatre in hospitals, and sensitive areas such as power plants. Different color of LED exhibit different behavior of propagation such as white LED offers very high brightness, long service life and, low power consumption.

The global Li-Fi market, is segmented on the basis of component includes LED, photo detector, microcontroller, and optical sensing. The LED segment was the largest segment in the global Li-Fi market in 2016 owing to wider application in various sectors such as healthcare, education, automotive, consumer electronics, aerospace, defense & security, and retail. On the basis of application, the global Li-Fi market is segmented into indoor networking, intrinsically safe environment, underwater communication, and location based services (LBS). Based on the technology, the global Li-Fi market is bifurcated into standalone tracker and advanced tracker. Moreover, on the basis of end-user,  the global Li-Fi market can be segmented as education, healthcare, aerospace, defense & security, automotive & transportation, retail, consumer electronics, and others. In the automotive sector, the Li-Fi technology is used to enable vehicular communication for applications such as safety messaging, traffic and congestion monitoring, and general purpose internet access.

Geographically, the global Li-Fi market is segmented into North America, Asia-Pacific (APAC), Europe, and Rest of the World (RoW). Rising data traffic and increasing demand for faster, and secure data transfer propels North American region to hold the major share of the global Li-Fi market. APAC is the fastest growing market in the global Li-Fi market owing to increase adaptability and accessibility of the smartphones. Growing demand for bandwidth and increasing need for faster data transmission also fuels the growth of the global Li-Fi market.

Key players profiled in the global Li-Fi market are Philips, Panasonic, General Electric, LVX Systems, Lightbee Corporation, Acuity Brands, Inc., Velmenni, Oledcomm, Fsona Systems Corporation, Casio, and Plaintree Systems, and PureLi-Fi.

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Component

1.2.2. Market Breakdown, By Application

1.2.3. Market Breakdown, By Technology

1.2.4. Market Breakdown, By End-User

1.2.5. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Sources

1.5. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Opportunities

2.2.1.1. Integration of Li-Fi technology into Solar Panel to create a Self-Powered Receiver is an opportunity solar panel manufacturer

2.2.2. Trends

2.2.2.1. Rising adoption of LED

2.2.2.2. Reliable and Secure Data Transmission

2.2.3. Growth Drivers

2.2.3.1. Growing demand of High Speed Data Transmission

2.2.3.2. Increasing Number of Internet Users

2.2.3.3. Growing application of Li-Fi technology in Automotive and Transportation

2.2.3.4. Increasing demand for Huge Bandwidth Spectrum

2.2.3.5. Rising adoption of Location Based Services (LBS)

2.2.3.6. High degree of energy efficiency with low power consumption and high durability

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

2.2.5.1. Data transmission at Line-of-Sight

2.2.5.2. Lack of Awareness

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Light Fidelity (Li-Fi) Market Size and Forecast (2013 – 2023)

4.1. Global Light Fidelity (Li-Fi) Market, By Component

4.1.1. LED

4.1.2. Photo Detector

4.1.3. Microcontroller

4.1.4. Optical Sensing

4.2. Global Light Fidelity (Li-Fi) Market, By Application

4.2.1. Intrinsically Safe Environment

4.2.2. Indoor Networking

4.2.3. Underwater Communication

4.2.4. Location Based Service (LBS)

4.3. Global Light Fidelity (Li-Fi) Market, By Technology

4.3.1. Standalone Tracker

4.3.2. Advanced Tracker

4.4. Global Light Fidelity (Li-Fi) Market, By End-User

4.4.1. Education

4.4.2. Healthcare

4.4.3. Aerospace

4.4.4. Defense and Security

4.4.5. Automotive and Transportation

4.4.6. Retail

4.4.7. Consumer Electronics

4.4.8. Others

4.5. Global Light Fidelity (Li-Fi) Market, By Geography

4.5.1. North America

4.5.2. Europe

4.5.3. Asia-Pacific (APAC)

4.5.4. Rest of the World (RoW)

CHAPTER 5. Global Light Fidelity (Li-Fi) Market, By Geography

5.1. North America Light Fidelity (Li-Fi) Market (USD Million)

5.1.1. North America Light Fidelity (Li-Fi) Market, By Component (USD Million)

5.1.2. North America Light Fidelity (Li-Fi) Market, By Application (USD Million)

5.1.3. North America Light Fidelity (Li-Fi) Market, By Technology (USD Million)

5.1.4. North America Light Fidelity (Li-Fi) Market, By End-User (USD Million)

5.1.5. North America Light Fidelity (Li-Fi) Market, By Country (USD Million)

  5.1.5.1. U.S. Light Fidelity (Li-Fi) Market (USD Million)

  5.1.5.2. Canada Light Fidelity (Li-Fi) Market (USD Million)

  5.1.5.3. Rest of North America Light Fidelity (Li-Fi) Market (USD Million)

5.2. Europe Light Fidelity (Li-Fi) Market (USD Million)

5.2.1. Europe Light Fidelity (Li-Fi) Market, By Component (USD Million)

5.2.2. Europe Light Fidelity (Li-Fi) Market, By Application (USD Million)

5.2.3. Europe Light Fidelity (Li-Fi) Market, By Technology (USD Million)

5.2.4. Europe Light Fidelity (Li-Fi) Market, By End-User (USD Million)

5.2.5. Europe Light Fidelity (Li-Fi) Market, By Country (USD Million)

  5.2.5.1. Germany Light Fidelity (Li-Fi) Market (USD Million)

  5.2.5.2. France Light Fidelity (Li-Fi) Market (USD Million)

  5.2.5.3. U.K. Light Fidelity (Li-Fi) Market (USD Million)

  5.2.5.4. Italy Light Fidelity (Li-Fi) Market (USD Million)

  5.2.5.5. Spain Light Fidelity (Li-Fi) Market (USD Million)

  5.2.5.6. Rest of Europe Light Fidelity (Li-Fi) Market (USD Million)

5.3. Asia-Pacific Light Fidelity (Li-Fi) Market (USD Million)

5.3.1. Asia-Pacific Light Fidelity (Li-Fi) Market, By Component (USD Million)

5.3.2. Asia-Pacific Light Fidelity (Li-Fi) Market, By Application (USD Million)

5.3.3. Asia-Pacific Light Fidelity (Li-Fi) Market, By Technology (USD Million)

5.3.4. Asia-Pacific Light Fidelity (Li-Fi) Market, By End-User (USD Million)

5.3.5. Asia-Pacific Light Fidelity (Li-Fi) Market, By Country (USD Million)

  5.3.5.1. China Light Fidelity (Li-Fi) Market (USD Million)

  5.3.5.2. Japan Light Fidelity (Li-Fi) Market (USD Million)

  5.3.5.3. India Light Fidelity (Li-Fi) Market (USD Million)

  5.3.5.4. Indonesia Light Fidelity (Li-Fi) Market (USD Million)

  5.3.5.5. Rest of Asia-Pacific Light Fidelity (Li-Fi) Market (USD Million)

5.4. Rest of the World (RoW) Light Fidelity (Li-Fi) Market (USD Million)

5.4.1. Rest of the World (RoW) Light Fidelity (Li-Fi) Market, By Component (USD Million)

5.4.2. Rest of the World (RoW) Light Fidelity (Li-Fi) Market, By Application (USD Million)

5.4.3. Rest of the World (RoW) Light Fidelity (Li-Fi) Market, By Technology (USD Million)

5.4.4. Rest of the World (RoW) Light Fidelity (Li-Fi) Market, By End-User (USD Million)

5.4.5. Rest of the World (RoW) Light Fidelity (Li-Fi) Market, By Country (USD Million)

  5.4.5.1. Middle East and Africa Light Fidelity (Li-Fi) Market (USD Million)

  5.4.5.2. Latin America Light Fidelity (Li-Fi) Market (USD Million)

CHAPTER 6. Key Players and Strategic Developments

6.1. Philips

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. Panasonic

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. General Electric

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. LVX Systems

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. Lightbee Corporation

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Acuity Brands Inc.

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Velmenni

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. Fsona Systems Corporation

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. Casio

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. SWOT Analysis

6.9.5. Strategic Developments

6.10. Plaintree Systems

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. SWOT Analysis

6.10.5. Strategic Developments

6.11. Oledcomm

6.11.1. Business Overview

6.11.2. Product and Service Offering

6.11.3. Financial Overview

6.11.4. SWOT Analysis

6.11.5. Strategic Developments

6.12. Abbreviations

Global Light Fidelity (Li-Fi) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation Forecast 2023