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Li-Fi Market Global Forecast Industry Size, Growth Trends, Application, Region, Company Initiatives, Sales Analysis

  • ID: 5354551
  • Report
  • June 2021
  • Region: Global
  • Renub Research

FEATURED COMPANIES

  • General Electric
  • Getac Technology
  • Philips
  • Signify Holding BV
  • Verizon Communication Inc
  • Wipro LLC
Li-Fi technology has become a necessity for human life, which is widely used as a medium for reliable communication. Light Fidelity (Li-Fi) is a visible light communication, leads to a wireless optical networking technology that utilizes light to transfer data at tremendous speeds. Wireless mobile communication generations from 2G, 3G, and currently 4G took the most significant portion of this network technology with high subscriber demand every year. According to this research, the Global Li-Fi Market is estimated to reach US$ 15,092.5 Million by 2027.



Worldwide, Li-Fi is a disruptive technology that is poised to revolutionize many industries. The technology can encourage Industry 4.0 applications, unlock the potential of IoT and lead to the future light-as-a-service (LaaS) in the lighting industry. The advent of machine type communication (MTC) and IoT corresponds to a demand of 12,000 times the current bandwidth regarding the same spectrum efficiency. The development of this technology is one of the crucial factors in the development of the global economy.

There were 4.66 Billion active internet users worldwide, 59.5 percent of the global population. Of this total, 92.6 per cent (4.32 Billion) accessed the internet via a mobile device; Smartphone has now become the most significant channel for internet access worldwide. Increasing penetration of smartphones and high demand for mapping portals is anticipated to stimulate the market in Li-Fi technology. As per our research findings, Worldwide Li-Fi Technology Market will grow with a CAGR of 68% during 2020-2027.

Globally, there is a rising deployment of LED lamps in the public and private industries. LED lamp are low power consumption, high durability, and high energy output are proliferating their demand in the Li-Fi lamp systems. As Li-Fi combines high-speed wireless data transmission and indoor lighting infrastructure, it is highly cost-effective to be broadly utilized in smart buildings. The requirement for highly secure and high-speed data communication is rising in various industries, such as healthcare, education sectors, retail, Aviation, Exhibition and others. It builds a strong demand for Li-Fi technology for efficient industrial operations.

By Region - Li-Fi Industry

North America endures the largest market share for the global light fidelity (Li-Fi) market. As the region has a well-established infrastructure, the implementation of advanced technology is accessible. It provides better connectivity, and there is a vast demand for Li-Fi technologies in US Navy. In addition, the increasing internet usage through smartphones and other electronic gadgets is fueling the Asia Pacific Li-Fi market demand. The rapid rise in the population of countries, including China, India, Malaysia and Japan, coupled with constantly declining prices of smartphones and other IoT devices, is creating a massive demand for internet connectivity or high data transfer speeds in the Asia Pacific region. For the year 2020, Global Li-Fi Mark Size was valued at US$ 399.6 Million.

The major players in the Li-Fi market are Verizon Communication Inc, Philips, General Electric, Signify Holding BV, Wipro LLC, and Getac Technology. These key players are adopting strategies to the lucrative path towards expanding their market share. In 2020, The Getac device to offer integrated Li-Fi the UX10 fully rugged tablet. Defence, Public Safety, energy, and manufacturing sectors have benefited from Getac's Li-Fi Solutions.

This latest Report “Global Li-Fi Market by Application (Smartphone, Standalone, Advance Tracker) by Type (Li-Fi Lamp, LifiDongal, Access Point, LiFi Kit) by Vertical (Healthcare, Education, Retails, Aviation, Exhibition, Others) by Component(Led, Photodetectors, MCU) by Region (North America, Europe, MiddleEast, Asia, Latin America) by Company Analysis (Verizon Communication Inc, Philips, General Electric, Signify Holding BV, Wipro LLC, Getac Technology)" studies the Global Li-Fi Industry. The report also comprises qualitative factors such as drivers, restraints, and opportunities.

Application - Global LiFi Market has been covered from 3 viewpoints
  • Smartphone
  • Standalone
  • Advance Tracker

Type-Global LiFi Market has been covered from 4 viewpoints

1. LiFi Lamp
2. LifiDongal
3. Access Point
4. LiFi Kit

Vertical - Global LiFi Market has been covered from 6 viewpoints

1. Healthcare
2. Education
3. Retails
4. Aviation
5. Exhibition
6. Others

Component - Global LiFi Market has been covered from 3 viewpoints

1. Led
2. Photodetectors
3. MCU

Region - Global LiFi Market has been covered from 5 viewpoints

1. North America
2. Europe
3. Middle East
4. Asia
5. Latin America

Company Insights:
  • Overview
  • Company Initiatives
  • Sales Analysis

Company Analysis:

1. Verizon Communication Inc
2. Philips
3. General Electric
4. Signify Holding BV
5. Wipro LLC
6. Getac Technology
Frequently Asked Questions about the Li-Fi Market

What is the estimated value of the Li-Fi Market?

The Li-Fi Market was estimated to be valued at $399.6 Million in 2020.

What is the growth rate of the Li-Fi Market?

The growth rate of the Li-Fi Market is 68.0%, with an estimated value of $15092.5 Million by 2027.

What is the forecasted size of the Li-Fi Market?

The Li-Fi Market is estimated to be worth $15092.5 Million by 2027.

Who are the key companies in the Li-Fi Market?

Key companies in the Li-Fi Market include Verizon Communication Inc, Philips, General Electric, Signify Holding BV and Getac Technology.

FEATURED COMPANIES

  • General Electric
  • Getac Technology
  • Philips
  • Signify Holding BV
  • Verizon Communication Inc
  • Wipro LLC

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Li-Fi Market & Forecast
6. Market Share - Global Li-Fi Analysis
6.1 By Application
6.2 By Types
6.3 By Vertical
6.4 By Component
6.5 By Regions
7. Application - Global Li-Fi Market
7.1 Smartphone
7.2 Standalone
7.3 Advance Tracker
8. Type - Global Li-Fi Market
8.1 Li-fi Lamp
8.2 Li-fiDongal
8.3 Access Point
8.4 Li-Fi Kit
9. Vertical - Global Li-Fi Market
9.1 Healthcare
9.2 Education
9.3 Retails
9.4 Aviation
9.5 Exhibition
9.6 Others
10. Component - Global Li-Fi Market
10.1 Led
10.2 Photodetectors
10.3 MCU
11. Region - Global Li-Fi Market
11.1 North America
11.2 Europe
11.3 Middle East
11.4 Asia
11.5 Latin America
12. Company Analysis
12.1 Verizon Communication Inc
12.1.1 Overview
12.1.2 Company Initiatives
12.1.3 Sales Analysis
12.2 Philips
12.2.1 Overview
12.2.2 Company Initiatives
12.2.3 Sales Analysis
12.3 General Electric
12.3.1 Overview
12.3.2 Company Initiatives
12.3.3 Sales Analysis
12.4 Signify Holding BV
12.4.1 Overview
12.4.2 Company Initiatives
12.4.3 Sales Analysis
12.5 Wipro LLC
12.5.1 Overview
12.5.2 Company Initiatives
12.5.3 Sales Analysis
12.6 Getac Technology
12.6.1 Overview
12.6.2 Company Initiatives
12.6.3 Sales Analysis
List of Tables:
Figure-01: Global LiFi Market (Million US$), 2017 - 2020
Figure-02: Forecast for - Global LiFi Market (Million US$), 2021 - 2027
Figure-03: Application - Smartphone Market (Million US$), 2017 - 2020
Figure-04: Application - Forecast for Smartphone Market (Million US$), 2021 - 2027
Figure-05: Application - Standalone Market (Million US$), 2017 - 2020
Figure-06: Application - Forecast for Standalone Market (Million US$), 2021 - 2027
Figure-07: Application - Advance Tracker Market (Million US$), 2017 - 2020
Figure-08: Application - Forecast for Advance Tracker Market (Million US$), 2021 - 2027
Figure-09: Type - Lifi Lamp Market (Million US$), 2017 - 2020
Figure-10: Type - Forecast for Lifi Lamp Market (Million US$), 2021 - 2027
Figure-11: Type - Lifi Dongal Market (Million US$), 2017 - 2020
Figure-12: Type - Forecast for Lifi Dongal Market (Million US$), 2021 - 2027
Figure-13: Type - Access Point Market (Million US$), 2017 - 2020
Figure-14: Type - Forecast for Access Point Market (Million US$), 2021 - 2027
Figure-15: Type - LiFi Kit Market (Million US$), 2017 - 2020
Figure-16: Type - Forecast for LiFi Kit Market (Million US$), 2021 - 2027
Figure-17: Vertical - Healthcare Market (Million US$), 2017 - 2020
Figure-18: Vertical - Forecast for Healthcare Market (Million US$), 2021 - 2027
Figure-19: Vertical - Education Market (Million US$), 2017 - 2020
Figure-20: Vertical - Forecast for Education Market (Million US$), 2021 - 2027
Figure-21: Vertical - Retails Market (Million US$), 2017 - 2020
Figure-22: Vertical - Forecast for Retails Market (Million US$), 2021 - 2027
Figure-23: Vertical - Aviation Market (Million US$), 2017 - 2020
Figure-24: Vertical - Forecast for Aviation Market (Million US$), 2021 - 2027
Figure-25: Vertical - Exhibition Market (Million US$), 2017 - 2020
Figure-26: Vertical - Forecast for Exhibition Market (Million US$), 2021 - 2027
Figure-27: Vertical - Others Market (Million US$), 2017 - 2020
Figure-28: Vertical - Forecast for Others Market (Million US$), 2021 - 2027
Figure-29: Component - Led Market (Million US$), 2017 - 2020
Figure-30: Component - Forecast for Led Market (Million US$), 2021 - 2027
Figure-31: Component - Photodetectors Market (Million US$), 2017 - 2020
Figure-32: Component - Forecast for Photodetectors Market (Million US$), 2021 - 2027
Figure-33: Component - MCU Market (Million US$), 2017 - 2020
Figure-34: Component - Forecast for MCU Market (Million US$), 2021 - 2027
Figure-35: North America - LiFi Market (Million US$), 2017 - 2020
Figure-36: North America - Forecast for LiFi Market (Million US$), 2021 - 2027
Figure-37: Europe - LiFi Market (Million US$), 2017 - 2020
Figure-38: Europe - Forecast for LiFi Market (Million US$), 2021 - 2027
Figure-39: Middle East - LiFi Market (Million US$), 2017 - 2020
Figure-40: Middle East - Forecast for LiFi Market (Million US$), 2021 - 2027
Figure-41: Asia - LiFi Market (Million US$), 2017 - 2020
Figure-42: Asia - Forecast for LiFi Market (Million US$), 2021 - 2027
Figure-43: Latin America - LiFi Market (Million US$), 2017 - 2020
Figure-44: Latin America - Forecast for LiFi Market (Million US$), 2021 - 2027
Figure-45: Verizon Communication Inc. - Global Revenue (Billion US$), 2017 - 2020
Figure-46: Verizon Communication Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-47: Philips - Global Revenue (Billion US$), 2017 - 2020
Figure-48: Philips - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-49: General Electric - Global Revenue (Billion US$), 2017 - 2020
Figure-50: General Electric - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-51: Signify Holding BV - Global Revenue (Billion US$), 2017 - 2020
Figure-52: Signify Holding BV - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-53: Wipro LLC - Global Revenue (Billion US$), 2017 - 2020
Figure-54: Wipro LLC - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-55: Getac Technology - Global Revenue (Million US$), 2017 - 2020
Figure-56: Getac Technology - Forecast for Global Revenue (Million US$), 2021 - 2027
List of Tables:
Table-01: Global - LiFi Market Share by Application (Percent), 2017 - 2020
Table-02: Global - Forecast for LiFi Market Share by Application (Percent), 2021 - 2027
Table-03: Global - LiFi Market Share by Type (Percent), 2017 - 2020
Table-04: Global - Forecast for LiFi Market Share by Type (Percent), 2021 - 2027
Table-05: Global - LiFi Market Share by Vertical (Percent), 2017 - 2020
Table-06: Global - Forecast for LiFi Market Share by Vertical (Percent), 2021 - 2027
Table-07: Global - LiFi Market Share by Component (Percent), 2017 - 2020
Table-08: Global - Forecast for LiFi Market Share by Component (Percent), 2021 - 2027
Table-09: Global - LiFi Market Share by Region (Percent), 2017 - 2020
Table-10: Global - Forecast for LiFi Market Share by Region (Percent), 2021 - 2027
  • Verizon Communication Inc
  • Philips
  • General Electric
  • Signify Holding BV
  • Wipro LLC
  • Getac Technology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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