Li Fi Market Gets a Boom in the Networking Industry

Light Fidelity Visible Light Communication Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast,2014-2022

Introduction •

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.

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It is used to provide communication between electronic devices with the help of visible light communication, or VLC technology. The use of VLC systems can be particularly observed in lighting facilities such as LED bulbs.

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Li-Fi offers several technological advantages over currently prevailing Wi-Fi technology which include, nearly 100 times faster speed of data transmission, enhanced data security, no electromagnetic interference, and less power consumption.

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North America contributed major share in the market and will continue to lead throughout the forecast period.

Key Factors of the Market The market of Li-Fi technology is currently at its introductory stage, although it is anticipated to witness a very high growth rate in next five to six years owing to its exclusive advantages, such as safe to use with medical and aviation equipment 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 Retail industry contributed over 30% of the overall Li-Fi market, in 2015

Li-Fi does not cause any electromagnetic interference and can safely be used with other medical apparatus such as CT scanner, MRI machine, X-ray machine, and ultrasound machine among others.

Asia-Pacific is anticipated to be the fastest growing region among others with CAGR of 121.7% during the forecast period.

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Key Benefits of the 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.

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Retail industry vertical segment is projected to grow at a CAGR of 112.8% during the analysis period.

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Asia-Pacific is anticipated to be the fastest growing region growing at a CAGR of 121.7% during the forecast period.

Market Segmentation

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Key Players of the Market • General Electric

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Oledcomm S.A.S Renesas Electronics Corporation pureLiFi LVX SYSTEM Acuity Brands Lighting, Inc. Qualcomm technologies Inc. IBSENtelecom Ltd. Koninklijke Philips N.V., and Panasonic Corporation

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