Li-Fi Market Expected to Rise at 45% CAGR during 2021-2026 – IMARC Group

According to IMARC Group latest report titled” Li-Fi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Li-Fi Market trends to exhibit moderate growth during the next five years. Light fidelity (Li-Fi) refers to a wireless optical networking technology that utilizes the visible light spectrum, infrared and ultraviolet radiations to transfer data at high speeds. The system operates through microcontrollers and light-emitting diodes (LEDs) that trigger the conversion of light waves into electrical signals. These signals are then collected by photodetectors that analyze the changes in light intensity as data. This technology can connect distant and remote terrains across wide areas that cannot be reached via optical fibers. As a result, this technology is extensively utilized across various industries, including automotive, healthcare, aerospace, electronics, information technology (IT) and defense.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

Rapid urbanization and the increasing construction of smart cities across the globe are primarily impelling the market growth. Furthermore, the growing adoption of big data tools, cloud computing and multi-tier data center architectures across several industries is also driving the market growth. Compared to the traditionally used substitutes, such as Wi-Fi, Li-Fi systems facilitate massive bandwidth spectrum, higher speeds and minimal network and radio interference. Additionally, the growing adoption of automated systems across residential and commercial spaces is creating lucrative opportunities for the industry players for business expansion. Numerous other factors, including the rising need for improvements in the existing technologies, rising digitalization, and extensive R&D activities, are anticipated to propel the market in the coming years.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • FSOna Networks Corp
  • General Electric Co.
  • LG Innotek
  • Lightpointe Communications
  • Lucibel
  • LVX System
  • Oledcomm
  • Philips
  • PureLi-Fi Ltd.
  • Semicon Light Company
  • Sunpartner Technologies
  • Wipro LLC

Li-Fi Market Segmentation:

Our report has categorized the market based on Region, Component, Application, Transmission Type and End-User.

Market Breakup by Component:

  • LED Lamps
  • Optical Sensor
  • Microcontroller
  • Software
  • Others

Market Breakup by Application:

  • Indoor Networking
  • LBS (Location Based Services)
  • In-Flight Communication and Entertainment
  • Underwater Communication
  • Others

Market Breakup by Transmission Type:

  • Unidirectional
  • Bidirectional

Market Breakup by End-User:

  • Retail
  • Consumer Electronics
  • Automotive and Transportation
  • Healthcare
  • Defense and Security
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Smith Ivo

Five years in chemical & material has made Ivo Smith more or less an expert in everything related to medicines, drugs, chemicals and related sectors – at least from the PR front. Through his insider access to the sector, he has gained valuable insight into the entire manufacturing process of chemical and material.
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