Light Fidelity (Li-Fi) Future Scope

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Light Fidelity (Li-Fi) Market Research Report - Global Industry
Analysis, Size and Forecast to 2024 | Hexa Research
“Rising demand for the reliable, fast and secure
network has led to the growth of light fidelity
market.”
The Global Light Fidelity (Li-Fi) Market was valued at around USD 455 million in 2015. It is expected to grow
beyond USD 101 billion during the forecast period (2016- 2024).
Light fidelity is a visible light communication (VLC) system. This system runs high speed wireless
communications. Li-Fi uses common household LED light bulbs to transfer data boosting speed up to 224 gb
(gigabits) per second.
Increasing need for eco-friendly technology is expected to drive the market. Moreover, longer life, low power
consumption, and high illumination are expected to augment market growth in the coming years.
Government promotion for these lights is expected to boost market growth till 2024. The light fidelity market
is split into components, application, and geographies.
Li-Fi components include LED, photo-detector, and microcontroller. LED based light-fidelity devices held over
40% of the market share in 2015.
These LED lights can be controlled to switch on and off to generate a digital string of binary numbers.
Moreover, it can also change colors to red, green, and blue.
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Photo-detectors, accounted for over 30% of market revenue in 2015. Microcontroller segment was valued at
more than USD 95 million that year.
On the basis of application, the industry is split into automotive & transportation, consumer el ectronics,
defense & security and aviation, healthcare, and retail. Retail sector held market shares surpassing 30% in
2015.
The automotive & transport segment is anticipated to witness a CAGR of over 80%. This segment is expected
to grow at the fastest rate. Technological advancements and communication machinery of cars is expected to
increase adoption of these lights in traffic and car lights.
Geographies comprise of North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa
(MEA). North America light fidelity industry accounted for more than 40% of the global market share, in 2015.
This region is expected to grow at a CAGR of around 76% during the forecast period.
Europe has established the infrastructure of Li-Fi communication systems and is expected to show positional
growth in the region. This will create a large platform for market growth in the coming years.
The light fidelity market in Asia Pacific was valued at over USD 95 million in 2015. It will witness a significant
growth of around 30% by 2024. This growth can be attributed to the contribution made by countries like
Korea, China, and Japan.
Key market players encompass ByteLight Incorporated, Lightbee Corporation, Ibsentelecom Limited, and
PureLifi Limited. The adoption of Li-Fi is at its budding stage and is used in limited niche applications.
Therefore, an extensive research & development investment could benefit the players in the long run.
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Table of Content of Light Fidelity (Li-Fi) Market
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. LI-FI - Industry snapshot& key buying criteria, 2016 - 2024
Chapter 3. LI-FI Industry Outlook
3.1. LI-FI market segmentation
3.2. LI-FI market size and growth prospects
3.3. LI-FI market value chain analysis
3.3.1. Vendor landscape
3.4. LI-FI market dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing R&D investments
3.4.1.2. Increasing application of location-based services
3.4.1.3. RF spectrum crunch
3.4.1.4. High energy efficiency by network
3.4.2. Market restraint analysis
3.4.2.1. Difficulty in upgrading existing LED with LI-FI system
3.5. Key opportunities - Prioritized
3.6. Industry analysis - Porter's
3.7. LI-FI key competitor analysis, 2016
3.7.1. Company strategy overview
3.8. LI-FI market PESTEL analysis, 2016
Chapter 4. LI-FI Component Outlook
4.1. LI-FI market share by component, 2016 & 2024
4.2. LED
4.2.1. Global market estimates and forecasts by region, 2016 - 2024
4.3. Photodetector
4.3.1. Global market estimates and forecasts by region, 2016 - 2024
4.4. Microcontrollers
4.4.1. Global market estimates and forecasts by region, 2016 - 2024
Chapter 5. LI-FI Application Outlook
5.1. LI-FI market share by application, 2016 & 2024
5.2. Retail
5.2.1. Global market estimates and forecasts by region, 2016 - 2024
5.3. Automotive & transport
5.3.1. Global market estimates and forecasts by region, 2016 - 2024
5.4. Consumer Electronics
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5.4.1. Global market estimates and forecasts by region, 2016 - 2024
5.5. Healthcare
5.5.1. Global market estimates and forecasts by region, 2016 - 2024
5.6. Defense & security and aviation
5.6.1. Global market estimates and forecasts by region, 2016 - 2024
5.7. Others
5.7.1. Global market estimates and forecasts by region, 2016 - 2024
Chapter 6. LI-FI Regional Outlook
6.1. LI-FI market share by region, 2016 & 2024
6.2. North America
6.2.1. Market estimates and forecasts, by component, 2016 - 2024
6.2.2. Market estimates and forecasts, by application, 2016 - 2024
6.2.3. U.S.
6.2.3.1. Market estimates and forecasts, by component, 2016 - 2024
6.2.3.2. Market estimates and forecasts, by application, 2016 - 2024
6.2.4. Canada
6.2.4.1. Market estimates and forecasts, by component, 2016 - 2024
6.2.4.2. Market estimates and forecasts, by application, 2016 - 2024
6.3. Europe
6.3.1. Market estimates and forecasts, by component, 2016 - 2024
6.3.2. Market estimates and forecasts, by application, 2016 - 2024
6.3.3. Germany
6.3.3.1. Market estimates and forecasts, by component, 2016 - 2024
6.3.3.2. Market estimates and forecasts, by application, 2016 - 2024
6.3.4. UK
6.3.4.1. Market estimates and forecasts, by component, 2016 - 2024
6.3.4.2. Market estimates and forecasts, by application, 2016 - 2024
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, by component, 2016 - 2024
6.4.2. Market estimates and forecasts, by application, 2016 - 2024
6.4.3. China
6.4.3.1. Market estimates and forecasts, by component, 2016 - 2024
6.4.3.2. Market estimates and forecasts, by application, 2016 - 2024
6.4.4. India
6.4.4.1. Market estimates and forecasts, by component, 2016 - 2024
6.4.4.2. Market estimates and forecasts, by application, 2016 - 2024
6.4.5. Japan
6.4.5.1. Market estimates and forecasts, by component, 2016 - 2024
6.4.5.2. Market estimates and forecasts, by application, 2016 - 2024
6.5. Latin America
6.5.1. Market estimates and forecasts, by component, 2016 - 2024
6.5.2. Market estimates and forecasts, by application, 2016 - 2024
6.5.3. Brazil
6.5.3.1. Market estimates and forecasts, by component, 2016 - 2024
6.5.3.2. Market estimates and forecasts, by application, 2016 - 2024
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6.5.4. Mexico
6.5.4.1. Market estimates and forecasts, by component, 2016 - 2024
6.5.4.2. Market estimates and forecasts, by application, 2016 - 2024
6.6. MEA
6.6.1. Market estimates and forecasts, by component, 2016 - 2024
6.6.2. Market estimates and forecasts, by application, 2016 - 2024
Chapter 7. Competitive Landscape
7.1. Axrtek
7.2. ByteLight, Inc.
7.3. Fraunhofer Heinrich Hertz Institute
7.4. fSona Networks
7.5. Fujitsu Ltd.
7.6. General Electric Co.
7.7. Ibsentelecom Ltd.
7.8. Lightbee Corp.
7.9. LVX System
7.10. Nakagowa Laboratories, Inc.
7.11. Oledcomm
7.12. Panasonic Corp.
7.13. pureLiFi Ltd.
7.14. Qualcomm Inc.
7.15. Renesas Electronics Corp.
7.16. Supreme Architecture Inc.
7.17. Velmenni
7.18. Visilink
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Increasing need for eco-friendly technology is expected to drive the market. Moreover, longer life, low power consumption, and high illumination are expected to augment market growth in the coming years.

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