Li-Fi Market is estimated to grow at a CAGR of 68.4% during forecast period and projected to reach USD 2,548 Million by 2025

Light Fidelity (Li-Fi) or Visible Light Communication (VLC) is a wireless communication technology which is used to transfer data at a very high speed over visible light spectrum, ultraviolet and infrared radiation. LiFi system comprises of different components, such as Light Emitting Diode (LED), Microcontroller and Photodetector. Light act as a main source for high-speed data transmission by triggering the conversion of light waves into electric signal through photodetector.

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The growing demand for fast data transmission, need for data security and need for technology advancement from existing data transmission technologies, such as Wi-Fi (Wireless-Fidelity ) are some of the key factors that are supporting the growth of the LiFi market. Further, industries such as healthcare, automotive, and defense are also fueling, the growth of global LiFi market. However, factors such as less awareness about the LiFi technology, specifically, in the emerging regions is one of the key factors which is hindering the growth of LiFi market. In addition, the limitation of LiFi technology, i.e., it is best used in the closed environment or for shorter distance, further limits the growth of the market. The key players, such as PureLiFi and Lucibel in the market are more focussed on research & development, which is expected to boost the growth of LiFi market in the course of next few years.

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Various notable players operating in the market include PureLifi, Philips, Qualcomm, GE Lighting, Oledcomm, Lucibel, Axrtek, Fujitsu, Panasonic, Velmenni, IBSEN telecom Ltd., among others. Local players or mid-size companies involved in Li-Fi market face intense competition from the major players in terms of technological advancement, product innovation and price constraints. For instance, in September 2017, Wipro Lighting partnered with Pure LiFi to strengthen their position in the Asian market. Thus, creating stiff competition for the local players in the region.

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The Li-Fi market has been segmented on the basis of component type, end user and key geographies. Based on component type, the market is segmented into Microcontroller, LED, Photodetector. Based on end user type, the market is categorized into healthcare, automotive, aerospace, electronics, defense & others.

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The research report “global Li-Fi market” provides in-depth analysis of the Li-Fi market based on component type, end user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Li-Fi market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1. At what pace is the Li-Fi market growing, globally? What will be growth trend in future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Li-Fi market?
4. What are the various end user industries and how they are poised to grow?

Market Segmentation

Component Type
• Microcontroller
• LED
• Photodetector

End User
• Healthcare
• Automotive
• Aerospace
• Electronics
• Defense
• Others

Geography

• North America
As a part of customization
o By Component Type
o By End User
o United States
o Canada
o Mexico

• Europe
As a part of customization
o By Component Type
o By End User
o United Kingdom
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of customization
o By Component Type
o By End User
o China
o Japan
o India
o Rest of Asia-Pacific

• Rest of the World
As a part of customization
o By Component Type
o By End User
o Brazil
o GCC countries
o South Africa
o Rest of ROW

Leading Market Players
• PureLifi
• Koninklijke Philips N.V.
• Oledcomm S.A.S.
• Panasonic Corporation
• Qualcomm Technologies, Inc.
• Axrtek
• Lucibel SA
• Acuity Brands, Inc.
• Fujitsu ltd.
• Velmenni

Other prominent players in the market which can be profiled as a part of customization:
• GE Lighting
• Axrtek
• IBSEN telecom Ltd.
• Wipro Lighting