Light Fidelity (Li-Fi)/Visible Light Communication Market 2014-2022

Light Fidelity (Li-Fi)/Visible Light Communication Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Published Date: Sep 2016

No of Pages: 170

Li-Fi/Visible Light Communication Market Scenario

 Light Fidelity (Li-Fi)/Visible Light Communication Market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period 2016 - 2022.  In 2015, North America contributed major share in the market and will continue to lead throughout the forecast period.  Light Fidelity (Li-Fi) is a very high speed, two-way wireless communication method which uses visible light from LEDs as the medium for transmitting the data by turning them on and off at very high frequency which human eyes cannot sense.  This technology is an apt replacement for currently prevailing Wi-Fi technology as Li-Fi is considerably faster, has almost 10,000 times broader bandwidth because it uses visible light, and it is safe to operate in electromagnetic sensitive areas.

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Li-Fi/Visible Light Communication Market Key Segments

BY COMPONENT  LED  Photodetectors  Microcontrollers (MCU)

BY INDUSTRY VERTICAL  Retail  Electronics  Indoor networking  Smart streetlights  Defense & Security  Automotive & Transport  Aerospace & Aviation  Healthcare  Others (mining and chemical)

Li-Fi/Visible Light Communication Market is further bifurcated based on  Li-Fi incorporates three major components, which are LED, photodetector, and microcontroller.  Among the three components, in the year 2015, LED dominated the market by contributing over 40% share of the overall component segment revenue.  Furthermore, LEDs are preferred over all other lighting systems as they can easily be turned off and on with the use of a microcontroller.  Under the industry vertical segment, retail industry contributed over 30% of the overall LiFi market, in 2015.  Li-Fi enables the storekeepers to monitor the positioning of customers by tracing their location to improve shopping experience and provide notifications on their cellphones.  However, healthcare sector would be the fastest growing industry and is expected to register highest CAGR 125.3% during the forecast period.

Li-Fi Market

Comparison between properties of Wi-Fi and li-fi

KEY BENEFITS OF Li-Fi MARKET

 This report provides an in-depth analysis of the Global Li-Fi market along with current trends and future estimations to identify lucrative investment opportunities.  This report identifies the key drivers, opportunities, and restraints that shape the market along with their impact analysis.  Porter’s Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks.  Market estimation of geographical regions is based on the current market scenario and future trends.

Key Findings of Li-Fi Market

 In 2015, LED component led the overall Li-Fi market revenue, and is projected to grow at a CAGR of 118.1% during the forecast period.  Retail industry vertical segment is projected to grow at a CAGR of 112.8% during the analysis period.  Asia-Pacific is anticipated to be the fastest growing region growing at a CAGR of 121.7% during the forecast period.

Li-Fi Market By Geography

North America, Europe, Asia Pacific, LAMEA

Key Players Operating in Industry

1.General Electric 2.Oledcomm S.A.S 3.Renesas Electronics Corporation 4.pureLiFi 5.LVX SYSTEM 6.Acuity Brands Lighting Inc. 7.Qualcomm technologies Inc. 8.IBSENtelecom Ltd. 9.Koninklijke Philips N.V. 10.Panasonic Corporation

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