Li-Fi Market Overview
Growing demand for extremely secure network systems in various industries is anticipated to more propel the worldwide market growth throughout the forecast period. Increasing demand for indoor networking within the retail business globally is another factor expected to spice up the growth of the worldwide Li-Fi market growth over the forecast period.
Worldwide, Li-Fi could be a disruptive technology that's poised to revolutionize many industries. The technology will encourage business 4.0 applications, unlock the potential of IoT and lead to the longer term light-as-a-service (LaaS) within the lighting industry. The appearance of machine kind communication (MTC) and IoT corresponds to a demand of 12, 000 times the present bandwidth concerning the same spectrum efficiency. The event of this technology is one amongst the crucial factors in the development of the worldwide economy.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Verizon Communication Inc., Philips, General Electric, Signify Holding BV, Wipro LLC, Getac Technology, Oledcomm SAS, Panasonic Corporation, Velmenni OÜ, Renesas Electronics Corporation, PureLiFi Limited, Fsona Networks Corporation, Acuity Brands, Inc. Lucibel SA. |
The covid-19 Impact on Li-Fi Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty Million impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Li-Fi Market Segment Overview
By Type, LED segment accounted major market share in forecasted period. There is a rising led of LED lamps within the public and personal industries. LED lamps are low power consumption, high durability, and high energy output are proliferating their demand within the Li-Fi lamp systems.
By Application, the retail segment is anticipated to account for the most important market share throughout the forecast amount because of the increasing implementation of Li-Fi technology within the retail sector to boost the shopping experience.
Market Analysis, Insights and Forecast – By Type
· LED
· Photodetectors
· Microcontrollers (MCU)
Market Analysis, Insights and Forecast – By Application
· Retail
· Electronics
· Defence and Security
· Automotive and Transport
· Aerospace and Aviation
· Healthcare
· Others
Li-Fi Market Regional Overview
Region-wise, in terms of regions, North America endures the most important market share for the worldwide light-weight fidelity (Li-Fi) market. Because the region encompasses a well-established infrastructure, the implementation of advanced technology is accessible. It provides better a massive, and there's a huge demand for Li-Fi technologies in us navy.
Li-Fi Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Li-Fi Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Li-Fi are highlighted below.
· In 2020, The Getac device to supply integrated Li-Fi the UX10 a totally rugged pill.
Li-Fi Market, Key Players
· Verizon Communication Inc.
· Philips, General Electric
· Signify Holding BV
· Wipro LLC
· Getac Technology
· Oledcomm SAS
· Panasonic Corporation
· Velmenni OÜ
· Renesas Electronics Corporation
· PureLiFi Limited
· Fsona Networks Corporation
· Acuity Brands, Inc.
· Lucibel SA
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Li-Fi market during the forecast period?
Li-Fi market is expected to record a CAGR of ~ 70% during the forecast period
Q2. Which segment is projected to hold the largest share in the Li-Fi Market?
LED segment is projected to hold the largest share in the Li-Fi Market.
Q3. What are the driving factors for the Li-Fi market?
Increasing demand from industrial and power generation applications is anticipated to enhance the expansion. The rising demand for finished product in addition to technological advancements is anticipated to enhance the growth of the Li-Fi market progressively.
Q4. Which Segments are covered in the Li-Fi market report?
Type, Application, and Region, these segments are covered in the Li-Fi market report.
Q5. Which are the prominent players offering Li-Fi?
Verizon Communication Inc., Philips, General Electric, Signify Holding BV, Wipro LLC, Getac Technology, Oledcomm SAS, Panasonic Corporation, Velmenni OÜ, Renesas Electronics Corporation, PureLiFi Limited, Fsona Networks Corporation, Acuity Brands, Inc. Lucibel SA.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Li-Fi Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. LED
- 5.2.2. Photodetectors
- 5.2.3. Microcontrollers (MCU)
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Retail
- 5.3.2. Electronics
- 5.3.3. Defence and Security
- 5.3.4. Automotive and Transport
- 5.3.5. Aerospace and Aviation
- 5.3.6. Healthcare
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Li-Fi Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. LED
- 6.2.2. Photodetectors
- 6.2.3. Microcontrollers (MCU)
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Retail
- 6.3.2. Electronics
- 6.3.3. Defence and Security
- 6.3.4. Automotive and Transport
- 6.3.5. Aerospace and Aviation
- 6.3.6. Healthcare
- 6.3.7. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Li-Fi Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. LED
- 7.2.2. Photodetectors
- 7.2.3. Microcontrollers (MCU)
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Retail
- 7.3.2. Electronics
- 7.3.3. Defence and Security
- 7.3.4. Automotive and Transport
- 7.3.5. Aerospace and Aviation
- 7.3.6. Healthcare
- 7.3.7. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Li-Fi Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. LED
- 8.2.2. Photodetectors
- 8.2.3. Microcontrollers (MCU)
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Retail
- 8.3.2. Electronics
- 8.3.3. Defence and Security
- 8.3.4. Automotive and Transport
- 8.3.5. Aerospace and Aviation
- 8.3.6. Healthcare
- 8.3.7. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Li-Fi Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. LED
- 9.2.2. Photodetectors
- 9.2.3. Microcontrollers (MCU)
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Retail
- 9.3.2. Electronics
- 9.3.3. Defence and Security
- 9.3.4. Automotive and Transport
- 9.3.5. Aerospace and Aviation
- 9.3.6. Healthcare
- 9.3.7. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Verizon Communication Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Philips, General Electric
- 10.6. Signify Holding BV
- 10.7. Wipro LLC
- 10.8. Getac Technology
- 10.9. Oledcomm SAS
- 10.10. Panasonic Corporation
- 10.11. Velmenni OÜ
- 10.12. Renesas Electronics Corporation
- 10.13. PureLiFi Limited
- 10.14. Fsona Networks Corporation
- 10.15. Acuity Brands, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
