The Global Light Fidelity Market size is expected to reach $3.6 billion by 2028, rising at a market growth of 46.2% CAGR during the forecast period.
Li-Fi is a type of wireless networking that uses both visible and infrared spectrums to transmit data at fast speeds. The visible light communication (VLC) concept is expanded by Li-Fi to encompass steady, bi-directional, fast, and fully networked wireless communications. Multi-user connectivity and Device accessibilityare made possible by Li-Fi. Wideband spectrum, as well as a more dependable internet connection, are provided by Li-Fi, allowing companies to handle large data demand. Distributed networks are now more necessary than ever because of the growing usage of connected devices across several industry verticals, including manufacturing, retail, healthcare,and others.
Over conventional distributed networks, Li-Fi offers several technological improvements, including faster data transmission rates, better data security, and others. Examples of contemporary wireless communication systems that use radio frequency (RF) or radio waves as the main channel for data transfer include wireless-fidelity (Wi-Fi) and Bluetooth. But, it must find ways to get through the RF band's restrictions and interference.
VLCtechnology, which employs visible light as a medium to enable exceptionally high-speed communication asin Wi-Fi, comes into play as a possible alternative. Li-Fi is superior to Wi-Fi regarding accessibility, bandwidth, security, and effectiveness. Wi-Fi systems cannot handle a high user density due to their restricted spectrum and extended reach, which leads to inconsistent connections in crowded areas like airports, train stations, conference centers, etc.
On the other hand, VLC systems can offer dependable wireless access throughout their range since their access to the spectrum is unregulated. Furthermore, since each LED bulb only illuminates a tiny portion of the room, it naturally creates a small access cell with only a few users, who are not required to join the access point with participants in other areas of the space. Compared to Wi-Fi, where all users must share the access point spectrum, building a large density of access points can considerably boost the network capacity for an enclosed environment with many LED lighting.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Li-Fi is a type of wireless networking that uses both visible and infrared spectrums to transmit data at fast speeds. The visible light communication (VLC) concept is expanded by Li-Fi to encompass steady, bi-directional, fast, and fully networked wireless communications. Multi-user connectivity and Device accessibilityare made possible by Li-Fi. Wideband spectrum, as well as a more dependable internet connection, are provided by Li-Fi, allowing companies to handle large data demand. Distributed networks are now more necessary than ever because of the growing usage of connected devices across several industry verticals, including manufacturing, retail, healthcare,and others.
Over conventional distributed networks, Li-Fi offers several technological improvements, including faster data transmission rates, better data security, and others. Examples of contemporary wireless communication systems that use radio frequency (RF) or radio waves as the main channel for data transfer include wireless-fidelity (Wi-Fi) and Bluetooth. But, it must find ways to get through the RF band's restrictions and interference.
VLCtechnology, which employs visible light as a medium to enable exceptionally high-speed communication asin Wi-Fi, comes into play as a possible alternative. Li-Fi is superior to Wi-Fi regarding accessibility, bandwidth, security, and effectiveness. Wi-Fi systems cannot handle a high user density due to their restricted spectrum and extended reach, which leads to inconsistent connections in crowded areas like airports, train stations, conference centers, etc.
On the other hand, VLC systems can offer dependable wireless access throughout their range since their access to the spectrum is unregulated. Furthermore, since each LED bulb only illuminates a tiny portion of the room, it naturally creates a small access cell with only a few users, who are not required to join the access point with participants in other areas of the space. Compared to Wi-Fi, where all users must share the access point spectrum, building a large density of access points can considerably boost the network capacity for an enclosed environment with many LED lighting.
COVID-19 Impact Analysis
The COVID-19 pandemichad a negative impact on the communications sector. All companies around the world suffered tragically as a result of the pandemic. The need for network access at corporations and businesses was significantly reduced due to strict rules, a worldwide shutdown, and the halting of numerous commercial procedures. Li-Fi, primarily utilized in businesses, then experienced a decline in acceptance. Yet, Li-Fi technology was used in the healthcare sector during the outbreak. Li-Fi allowedfor remote patient monitoring using visible light communication, considerably lowering the health risks for medical professionals. This helped in pushing the development of this technology.Market Growth Factors
Rise in the availability of lower-priced LEDS globally
LED is a key player in the comprehensive light fidelity market since it is a crucial component of Li-Fi systems. Because of its low consumption ofpower, lack of toxic emissions, and improved illumination, LED usage is being advocated all over the world. Governments in several nations subsidize the cost of LED lights, which has resulted in a significant drop in price over the past few years. This has also aided in the expansion of LED usage, even in remote locations and underdeveloped nations.The advantages of LED lighting over traditional lighting systems have also increased its use in developing countries.Increasing implementation of high-speed network connections
The potential for Li-Fi-based applications grows together with the deployment of LED lighting in buildings. Residents of smart homes or buildings can browse the internet without additional gear as long as they are close to an LED lamp. Furthermore, Li-Fi can access the internet instead of other RFwaves that would cause overlapping signals to monitor the patients. Due to issues with overlapping radio waves, there is a prohibition on mobiles in select hospital settings. This may additionally beavoided by adopting Li-Fiin the hospitality systems. All these elements are aiding in expanding the light fidelity market during the forecasted period.
Market Restraining Factors
Restricted range of light fidelity systems' transmission
Li-Fi LEDs could be reduced to below human perception while still emitting sufficient light to transfer data, even though they would need to be on to transmit data. Since technology is focused on the visible light spectrum, this is another big bottleneck because it can only be used for illumination and is not well suited for mobile communication. This is so that other light sources, like the sun, won't obstruct the signal. In order to ensure even Li-Fi distribution throughout a structure, transmitters would have to be installed in each room because Li-Fi's shortwave range cannot pass through walls. Li-Fi's shortrange is therefore expected to hinder the market's expansion.Component Outlook
Based on component, the light fidelity market is categorized into LED, photodetector, microcontrollers, and others. The LED segment garnered the highest revenue share in the light fidelity market in 2021. Due to its employment in both the transmission of light and data, LED is regarded as a fundamental part of Li-Fi technology. Lighting systems were previously solely utilized to provide localized areas of illumination. Still, today's connected lighting systems combine IoT connectivity with LED capabilities to give engineers the ability to provide both illumination and data concurrently.End-Use Outlook
On the basis of end-use, the light fidelity market is divided into automotive, retail, healthcare, aerospace & defense, government, transportation, education, and others. The retail segment recorded a significant revenue share in the light fidelity market in 2021. Li-Fi technology can improve the shopping experience for customers by assisting them in navigating the store. They can use their cell phones to engage in in-store services, find specific merchandise, look for store specials, and check stock availability. Li-Fi connections from customers can also assist shops in better understanding consumer behavior and developing marketing plans as a result.Regional Outlook
Region wise, the light fidelity market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region procured the highest revenue share in the light fidelity market in 2021. The regional market expansion can be ascribed to the rising need for internet connectivity across numerous business sectors. Enterprises are also looking for connectivity solutions that offer more speed and security, encouraging the market's expansion. The development of Li-Fi in North America has been aided by the rapid advancement of communication technology, including wireless sensor connections, big data, the Internet of Things (IoT), and smartphones.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Scope of the Study
By Component
- LED
- Microcontrollers
- Photodetector
- Others
By End-Use
- Healthcare
- Retail
- Education
- Aerospace & Defense
- Automotive
- Government
- Transportation
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Holdings Corporation
- Signify N.V.
- Renesas Electronics Corporation
- Wipro Lighting (Wipro Enterprises Private Limited)
- pureLiFi Limited
- Oledcomm
- VLNComm
- Velmenni
- LiFiComm Tech
- Lucibel SA
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Light Fidelity Market, by Component
1.4.2 Global Light Fidelity Market, by End-Use
1.4.3 Global Light Fidelity Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Light Fidelity Market by Component
3.1 Global LED Market by Region
3.2 Global Microcontrollers Market by Region
3.3 Global Photodetector Market by Region
3.4 Global Others Market by Region
Chapter 4. Global Light Fidelity Market by End-use
4.1 Global Healthcare Market by Region
4.2 Global Retail Market by Region
4.3 Global Education Market by Region
4.4 Global Aerospace & Defense Market by Region
4.5 Global Automotive Market by Region
4.6 Global Government Market by Region
4.7 Global Transportation Market by Region
4.8 Global Others Market by Region
Chapter 5. Global Light Fidelity Market by Region
5.1 North America Light Fidelity Market
5.1.1 North America Light Fidelity Market by Component
5.1.1.1 North America LED Market by Country
5.1.1.2 North America Microcontrollers Market by Country
5.1.1.3 North America Photodetector Market by Country
5.1.1.4 North America Others Market by Country
5.1.2 North America Light Fidelity Market by End-use
5.1.2.1 North America Healthcare Market by Country
5.1.2.2 North America Retail Market by Country
5.1.2.3 North America Education Market by Country
5.1.2.4 North America Aerospace & Defense Market by Country
5.1.2.5 North America Automotive Market by Country
5.1.2.6 North America Government Market by Country
5.1.2.7 North America Transportation Market by Country
5.1.2.8 North America Others Market by Country
5.1.3 North America Light Fidelity Market by Country
5.1.3.1 US Light Fidelity Market
5.1.3.1.1 US Light Fidelity Market by Component
5.1.3.1.2 US Light Fidelity Market by End-use
5.1.3.2 Canada Light Fidelity Market
5.1.3.2.1 Canada Light Fidelity Market by Component
5.1.3.2.2 Canada Light Fidelity Market by End-use
5.1.3.3 Mexico Light Fidelity Market
5.1.3.3.1 Mexico Light Fidelity Market by Component
5.1.3.3.2 Mexico Light Fidelity Market by End-use
5.1.3.4 Rest of North America Light Fidelity Market
5.1.3.4.1 Rest of North America Light Fidelity Market by Component
5.1.3.4.2 Rest of North America Light Fidelity Market by End-use
5.2 Europe Light Fidelity Market
5.2.1 Europe Light Fidelity Market by Component
5.2.1.1 Europe LED Market by Country
5.2.1.2 Europe Microcontrollers Market by Country
5.2.1.3 Europe Photodetector Market by Country
5.2.1.4 Europe Others Market by Country
5.2.2 Europe Light Fidelity Market by End-use
5.2.2.1 Europe Healthcare Market by Country
5.2.2.2 Europe Retail Market by Country
5.2.2.3 Europe Education Market by Country
5.2.2.4 Europe Aerospace & Defense Market by Country
5.2.2.5 Europe Automotive Market by Country
5.2.2.6 Europe Government Market by Country
5.2.2.7 Europe Transportation Market by Country
5.2.2.8 Europe Others Market by Country
5.2.3 Europe Light Fidelity Market by Country
5.2.3.1 Germany Light Fidelity Market
5.2.3.1.1 Germany Light Fidelity Market by Component
5.2.3.1.2 Germany Light Fidelity Market by End-use
5.2.3.2 UK Light Fidelity Market
5.2.3.2.1 UK Light Fidelity Market by Component
5.2.3.2.2 UK Light Fidelity Market by End-use
5.2.3.3 France Light Fidelity Market
5.2.3.3.1 France Light Fidelity Market by Component
5.2.3.3.2 France Light Fidelity Market by End-use
5.2.3.4 Russia Light Fidelity Market
5.2.3.4.1 Russia Light Fidelity Market by Component
5.2.3.4.2 Russia Light Fidelity Market by End-use
5.2.3.5 Spain Light Fidelity Market
5.2.3.5.1 Spain Light Fidelity Market by Component
5.2.3.5.2 Spain Light Fidelity Market by End-use
5.2.3.6 Italy Light Fidelity Market
5.2.3.6.1 Italy Light Fidelity Market by Component
5.2.3.6.2 Italy Light Fidelity Market by End-use
5.2.3.7 Rest of Europe Light Fidelity Market
5.2.3.7.1 Rest of Europe Light Fidelity Market by Component
5.2.3.7.2 Rest of Europe Light Fidelity Market by End-use
5.3 Asia Pacific Light Fidelity Market
5.3.1 Asia Pacific Light Fidelity Market by Component
5.3.1.1 Asia Pacific LED Market by Country
5.3.1.2 Asia Pacific Microcontrollers Market by Country
5.3.1.3 Asia Pacific Photodetector Market by Country
5.3.1.4 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Light Fidelity Market by End-use
5.3.2.1 Asia Pacific Healthcare Market by Country
5.3.2.2 Asia Pacific Retail Market by Country
5.3.2.3 Asia Pacific Education Market by Country
5.3.2.4 Asia Pacific Aerospace & Defense Market by Country
5.3.2.5 Asia Pacific Automotive Market by Country
5.3.2.6 Asia Pacific Government Market by Country
5.3.2.7 Asia Pacific Transportation Market by Country
5.3.2.8 Asia Pacific Others Market by Country
5.3.3 Asia Pacific Light Fidelity Market by Country
5.3.3.1 China Light Fidelity Market
5.3.3.1.1 China Light Fidelity Market by Component
5.3.3.1.2 China Light Fidelity Market by End-use
5.3.3.2 Japan Light Fidelity Market
5.3.3.2.1 Japan Light Fidelity Market by Component
5.3.3.2.2 Japan Light Fidelity Market by End-use
5.3.3.3 India Light Fidelity Market
5.3.3.3.1 India Light Fidelity Market by Component
5.3.3.3.2 India Light Fidelity Market by End-use
5.3.3.4 South Korea Light Fidelity Market
5.3.3.4.1 South Korea Light Fidelity Market by Component
5.3.3.4.2 South Korea Light Fidelity Market by End-use
5.3.3.5 Singapore Light Fidelity Market
5.3.3.5.1 Singapore Light Fidelity Market by Component
5.3.3.5.2 Singapore Light Fidelity Market by End-use
5.3.3.6 Malaysia Light Fidelity Market
5.3.3.6.1 Malaysia Light Fidelity Market by Component
5.3.3.6.2 Malaysia Light Fidelity Market by End-use
5.3.3.7 Rest of Asia Pacific Light Fidelity Market
5.3.3.7.1 Rest of Asia Pacific Light Fidelity Market by Component
5.3.3.7.2 Rest of Asia Pacific Light Fidelity Market by End-use
5.4 LAMEA Light Fidelity Market
5.4.1 LAMEA Light Fidelity Market by Component
5.4.1.1 LAMEA LED Market by Country
5.4.1.2 LAMEA Microcontrollers Market by Country
5.4.1.3 LAMEA Photodetector Market by Country
5.4.1.4 LAMEA Others Market by Country
5.4.2 LAMEA Light Fidelity Market by End-use
5.4.2.1 LAMEA Healthcare Market by Country
5.4.2.2 LAMEA Retail Market by Country
5.4.2.3 LAMEA Education Market by Country
5.4.2.4 LAMEA Aerospace & Defense Market by Country
5.4.2.5 LAMEA Automotive Market by Country
5.4.2.6 LAMEA Government Market by Country
5.4.2.7 LAMEA Transportation Market by Country
5.4.2.8 LAMEA Others Market by Country
5.4.3 LAMEA Light Fidelity Market by Country
5.4.3.1 Brazil Light Fidelity Market
5.4.3.1.1 Brazil Light Fidelity Market by Component
5.4.3.1.2 Brazil Light Fidelity Market by End-use
5.4.3.2 Argentina Light Fidelity Market
5.4.3.2.1 Argentina Light Fidelity Market by Component
5.4.3.2.2 Argentina Light Fidelity Market by End-use
5.4.3.3 UAE Light Fidelity Market
5.4.3.3.1 UAE Light Fidelity Market by Component
5.4.3.3.2 UAE Light Fidelity Market by End-use
5.4.3.4 Saudi Arabia Light Fidelity Market
5.4.3.4.1 Saudi Arabia Light Fidelity Market by Component
5.4.3.4.2 Saudi Arabia Light Fidelity Market by End-use
5.4.3.5 South Africa Light Fidelity Market
5.4.3.5.1 South Africa Light Fidelity Market by Component
5.4.3.5.2 South Africa Light Fidelity Market by End-use
5.4.3.6 Nigeria Light Fidelity Market
5.4.3.6.1 Nigeria Light Fidelity Market by Component
5.4.3.6.2 Nigeria Light Fidelity Market by End-use
5.4.3.7 Rest of LAMEA Light Fidelity Market
5.4.3.7.1 Rest of LAMEA Light Fidelity Market by Component
5.4.3.7.2 Rest of LAMEA Light Fidelity Market by End-use
Chapter 6. Company Profiles
6.1 Panasonic Holdings Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 Signify N.V.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.3 Renesas Electronics Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.4 Wipro Lighting (Wipro Enterprises Private Limited)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 pureLiFi Limited
6.5.1 Company Overview
6.6 Oledcomm
6.6.1 Company Overview
6.7 VLNComm
6.7.1 Company Overview
6.8 Velmenni
6.8.1 Company Overview
6.9 LiFiComm Tech
6.9.1 Company Overview
6.10. Lucibel SA
6.10.1 Company Overview
Companies Mentioned
- Panasonic Holdings Corporation
- Signify N.V.
- Renesas Electronics Corporation
- Wipro Lighting (Wipro Enterprises Private Limited)
- pureLiFi Limited
- Oledcomm
- VLNComm
- Velmenni
- LiFiComm Tech
- Lucibel SA
Methodology
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