“Light Fidelity (Li-Fi)/Visible Light Communication Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on light fidelity (li-fi)/visible light communication market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for light fidelity (li-fi)/visible light communication? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The light fidelity (li-fi)/visible light communication market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Component: LED; Photodetectors; Microcontrollers (MCU)
- 2) By Transmission Type: Unidirectional; Bidirectional
- 3) By Application: Indoor Networking; LBS (Location Based Services); In-Flight Communication and Entertainment; Underwater Communication; Other Applications
- 4) By Industry Vertical: Retail; Electronics; Defense and Security; Automotive and Transport; Aerospace and Aviation; Healthcare; Other Industry Verticals
- Companies Mentioned: General Electric Company; Oledcomm; Renesas Electronics Corporation; PureLiFi ltd; Lvx System
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Executive Summary
Major players in the light fidelity (li-fi)/visible light communication market are General Electric Company, Oledcomm, Renesas Electronics Corporation, PureLiFi ltd, Lvx System, Acuity Brand Lighting Inc, IBSENtelecom ltd, Koninklijke Philips NV, Panasonic Holdings Corporation, Qualcomm Technologies Inc, FireFly Wireless Networks LLC, Velmenni, Visilink Technologies Inc, Signify Holding B.V, VLNComm Inc, LumEfficient, Firefly Wireless Networks LLC, Plain tree Systems Inc, Casio, and Axrtek
The global light fidelity Li-Fi visible light communication market is expected to grow from $119.54 billion in 2022 to $261.23 billion in 2023 at a compound annual growth rate (CAGR) of 118.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The light fidelity Li-Fi visible light communication market is expected to grow to $5903.27 billion in 2027 at a CAGR of 118%.
The light fidelity (Li-Fi)/visible light communication market consists of sales of light fidelity (Li-Fi)/visible light communication products and services by entities (organizations, sole traders, and partnerships) that are used to provide an efficient and easier way of communicating wirelessly. LiFi (light fidelity), a bidirectional wireless system, uses infrared or LED light for transferring data. Visible light communication (VLC) does both communication and lighting simultaneously. The electromagnetic spectrum's visible light, which spans the blue (670 THz) and red (480 THz) frequencies has been used by LI-FI. Li-Fi technology doesn't rely on EM waves, it is best suited for use in hospitals and on aeroplanes, where Wi-Fi and other radio frequency connections are restricted for safety and security reasons.
The main components of light fidelity (Li-fi) visible light communication are LED photodetectors, and microcontrollers (MCU). Microcontrollers refer to an integrated circuit (IC) device used for controlling other portions of an electronic system, usually via a microprocessor unit (MPU), memory, and some peripherals. The transmission types are unidirectional and bidirectional. The various application included indoor networking, LBS (location-based services), in-flight communication and entertainment, underwater communication, and other applications. The industry verticals involved retail, electronics, defense and security, automotive and transport, aerospace and aviation, healthcare, and other industry verticals (mining and chemical).
North America was the largest region in the light fidelity (Li-Fi) /visible light communication in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing concern over cyber security is expected to propel the growth of the light fidelity (Li-Fi)/visible light communication market going forward. Cyber security refers to the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. LiFi, which is using visible light for the transmission of data, is considered to be more secure than its predecessor, as security has been built into the channel itself, as a result, increasing concerns over cybersecurity increase the demand for (Li-Fi)/visible light communication market. For instance, in 2021, according to the Federal Bureau of Investigation's* Internet Crime Report, a US-based federal agency for investigating cyber attacks and intrusions, in the USA, complaints registered under cybercrimes reached a total of 84.7k cases, showing an increase of 7% from 2020. Therefore, the increasing concern over cyber security is driving the light fidelity (Li-Fi)/visible light communication market.
Technological advancements are a key trend gaining popularity in the light fidelity (Li-Fi)/visible light communication market. Major companies operating in the light fidelity (Li-Fi)/visible light communication sector are focused on developing new technological solutions to meet customer demand. For instance, in May 2022, Signify, a Netherlands-based company operating in Light fidelity (Li-Fi) Visible light communication, launched Trulifi, a line of commercially available LiFi systems, including the fastest and most dependable systems in the world. The product has unique features such as it uses a light source for providing extremely reliable, secure two-way wireless communications and includes Philips luminaires using optical wireless transceiver technology. This would imply that consumers can obtain excellent illumination and wireless connectivity without having to tear down and replace their current lighting infrastructure. It also provides wireless connectivity in large areas, such as conference rooms and office floors, at speeds of up to 150 Megabits per second (Mbps), which is quick enough to stream 30 1080p HDTV movies at once.
In February 2019, Emerson Electric, a US-based electronics manufacturing company acquired General Electric's Intelligent Platforms Business for an undisclosed amount. The acquisition strengthens, Emerson, an international leader in automation for process and industrial customers, will be able to increase its capabilities in machine control and discrete applications with the inclusion of Intelligent Platforms programmable logic controller (PLC) technology. General Electric Intelligent Platforms is a US-based company operating in light fidelity Li-Fi visible light communication.
The countries covered in the Light Fidelity (Li-Fi)/Visible Light Communication market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The Light Fidelity (Li-Fi)/Visible Light Communication market research report is one of a series of new reports from The Business Research Company that provides Light Fidelity (Li-Fi)/Visible Light Communication market statistics, including Light Fidelity (Li-Fi)/Visible Light Communication industry global market size, regional shares, competitors with a Light Fidelity (Li-Fi)/Visible Light Communication market share, detailed Light Fidelity (Li-Fi)/Visible Light Communication market segments, market trends and opportunities, and any further data you may need to thrive in the Light Fidelity (Li-Fi)/Visible Light Communication industry. This Light Fidelity (Li-Fi)/Visible Light Communication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Light Fidelity (Li-Fi)/Visible Light Communication Market Characteristics
3. Light Fidelity (Li-Fi)/Visible Light Communication Market Trends And Strategies
4. Light Fidelity (Li-Fi)/Visible Light Communication Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Light Fidelity (Li-Fi)/Visible Light Communication Market
- 4.2. Ukraine-Russia War Impact On Light Fidelity (Li-Fi)/Visible Light Communication Market
- 4.3. Impact Of High Inflation On Light Fidelity (Li-Fi)/Visible Light Communication Market
5. Light Fidelity (Li-Fi)/Visible Light Communication Market Size And Growth
- 5.1. Global Light Fidelity (Li-Fi)/Visible Light Communication Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Light Fidelity (Li-Fi)/Visible Light Communication Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Light Fidelity (Li-Fi)/Visible Light Communication Market Segmentation
- 6.1. Global Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- LED
- Photodetectors
- Microcontrollers (MCU)
- 6.2. Global Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Transmission Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Unidirectional
- Bidirectional
- 6.3. Global Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Indoor Networking
- LBS (Location Based Services)
- In-Flight Communication and Entertainment
- Underwater Communication
- Other Applications
- 6.4. Global Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Retail
- Electronics
- Defense and Security
- Automotive and Transport
- Aerospace and Aviation
- Healthcare
- Other Industry Verticals
7. Light Fidelity (Li-Fi)/Visible Light Communication Market Regional And Country Analysis
- 7.1. Global Light Fidelity (Li-Fi)/Visible Light Communication Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Light Fidelity (Li-Fi)/Visible Light Communication Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Light Fidelity (Li-Fi)/Visible Light Communication Market
- 8.1. Asia-Pacific Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Light Fidelity (Li-Fi)/Visible Light Communication Market
- 9.1. China Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 9.2. China Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Light Fidelity (Li-Fi)/Visible Light Communication Market
- 10.1. India Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Light Fidelity (Li-Fi)/Visible Light Communication Market
- 11.1. Japan Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Light Fidelity (Li-Fi)/Visible Light Communication Market
- 12.1. Australia Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Light Fidelity (Li-Fi)/Visible Light Communication Market
- 13.1. Indonesia Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Light Fidelity (Li-Fi)/Visible Light Communication Market
- 14.1. South Korea Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Light Fidelity (Li-Fi)/Visible Light Communication Market
- 15.1. Western Europe Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 15.2. Western Europe Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Light Fidelity (Li-Fi)/Visible Light Communication Market
- 16.1. UK Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Light Fidelity (Li-Fi)/Visible Light Communication Market
- 17.1. Germany Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Light Fidelity (Li-Fi)/Visible Light Communication Market
- 18.1. France Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Light Fidelity (Li-Fi)/Visible Light Communication Market
- 19.1. Eastern Europe Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 19.2. Eastern Europe Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Light Fidelity (Li-Fi)/Visible Light Communication Market
- 20.1. Russia Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Light Fidelity (Li-Fi)/Visible Light Communication Market
- 21.1. North America Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 21.2. North America Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Light Fidelity (Li-Fi)/Visible Light Communication Market
- 22.1. USA Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 22.2. USA Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Light Fidelity (Li-Fi)/Visible Light Communication Market
- 23.1. South America Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 23.2. South America Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Light Fidelity (Li-Fi)/Visible Light Communication Market
- 24.1. Brazil Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Light Fidelity (Li-Fi)/Visible Light Communication Market
- 25.1. Middle East Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 25.2. Middle East Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Light Fidelity (Li-Fi)/Visible Light Communication Market
- 26.1. Africa Light Fidelity (Li-Fi)/Visible Light Communication Market Overview
- 26.2. Africa Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Light Fidelity (Li-Fi)/Visible Light Communication Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Light Fidelity (Li-Fi)/Visible Light Communication Market Competitive Landscape And Company Profiles
- 27.1. Light Fidelity (Li-Fi)/Visible Light Communication Market Competitive Landscape
- 27.2. Light Fidelity (Li-Fi)/Visible Light Communication Market Company Profiles
- 27.2.1. General Electric Company
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Oledcomm
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Renesas Electronics Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. PureLiFi ltd
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Lvx System
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Light Fidelity (Li-Fi)/Visible Light Communication Market
29. Light Fidelity (Li-Fi)/Visible Light Communication Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer