Li-Fi Market Size & Share 2020 to 2030

Market Size by Component (Microcontroller, Photodetector, LED), by Application (Indoor Networking, Aerospace, Automotive, Healthcare, Location Based Services, Underwater Communication, Defense & Security, Intrinsically Safe Environments), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, & Forecast.
Report ID: GMI462
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Published Date: June 2020
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Report Format: PDF

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Li-Fi Market Size

(Light Fidelity) Li-Fi Market size exceeded USD 70 million in 2019 and is poised to grow at a CAGR of over 50% between 2020 and 2030. Rapidly increasing smartphone penetration coupled with growing consumption of data will drive the market growth.

 

Li-Fi market

Increasing utilization of connected devices in business establishments has led to a growing demand for indoor distributed networks. Indoor wireless connectivity through Li-Fi enables business users to make calls, send & receive email, and access the internet at high speeds. The ability of Li-Fi to transfer high volumes of data without any interference from existing radio frequencies will augment the market demand.
 

The growing trend of implementing Li-Fi technology in applications such as healthcare and security is providing a positive outlook for the market. It is encouraging government authorities to invest in R&D initiatives to spur the industry growth.
 

One of the major factors hampering the Li-Fi market growth is the high implementation cost. The enhanced performance of these systems is achieved through high-power LEDs, photodetectors, and microcontrollers. The high cost of these components adds up to the overall cost of Li-Fi systems, impacting their demand. Moreover, the complex architecture of these systems requires the services from trained professionals for installation and maintenance, thereby challenging the industry growth. However, market players are focusing on reducing the production cost of Li-Fi components to encourage its commercialization.
 

 

The outbreak of COVID-19 health crisis in January 2020 has led to a slowdown in the growth of market, posing several industry challenges. Disruptions in supply chain and restrictions on movement have impacted international trade. This has caused a disturbance in manufacturing and business operations of industry players, hampering the market revenue. Moreover, increasing consumer inclination towards purchasing essential commodities is expected to restrict the adoption of new technologies such as Li-Fi, impacting the market size in 2020.
 

Li-Fi Market Analysis

Li-Fi Market, By Component

The LED component segment held a market share of around 45% in 2019 and is anticipated to reach USD 600 million by 2025. This growth can be attributed to rising deployment of LEDs in commercial establishments and industries. Several benefits of LEDs such as durability, low power consumption, and high energy output are proliferating their demand in the Li-Fi systems. These advantages are contributing to the wide adoption of LEDs in the form of arrays for Li-Fi system infrastructure, supporting the market growth.
 

Location-based services segment in the Li-Fi market will grow at the CAGR of around 50% through 2030, owing to ability of Li-Fi networking system to provide precise location information services in indoor environments. It provides comprehensive mapping tools for the measurement and accurate visualization of pedestrian traffic in retail stores. It optimizes indoor & outdoor floor plan information to provide customers with directions to their area of interest using their smartphones.
 

The Li-Fi technology is anticipated to witness demand from automotive industry to facilitate Vehicle to Vehicle (V2V) communication in connected cars. The ability of V2V communication to exchange data with other vehicles aids in preventing potential crashes and congested traffic jams. V2V communication enabled by Li-Fi technology will also assist autonomous cars to distinguish between living and inanimate objects. This ability will further enhance the decision-making capabilities in autonomous cars. The growing integration of advanced technologies into modern vehicles will drive the adoption of Li-Fi in the automotive sector.
 

Europe Li-Fi Market By Region

The Europe Li-Fi industry valuation crossed USD 30 million in 2019 where UK held around 28% of the revenue share. The regional industry is witnessing a high growth due to increasing number of internet users and high data consumption in the region.

According to the Central Intelligence Agency Factbook, there are 62.9 million active internet users in the UK as of 2019. This is encouraging telecom operators in the UK to implement Li-Fi technology. For instance, in August 2018, European telecom operator O2 began the trial of Li-Fi technology in the UK in partnership with PureLiFi. The company implemented LiFi-XC system consisting of several LiFi-enabled LED bulbs in a room at its Slough headquarters. The system allows data transmission from an LED light bulb. The adjustments in the intensity of the bulb provide high-speed, bidirectional exchange of data.
 

Li-Fi Market Share

The market players are laying emphasis on establishing partnerships and strategic collaborations to expand their business operations and gain a competitive edge. For instance, in October 2019, PureLiFi announced its partnership with Getac, a manufacturer of rugged tablets and PCs for military, manufacturing, and automotive industries.  This partnership aided the company to test the Li-Fi technology for implementation in wireless devices for defense and security applications.
 

Companies are also focusing on new product launches to expand their product portfolio. For instance, in June 2019, Signify launched its Trulifi transceiver, a Li-Fi-enabled device to be mounted on the surface of LEDs and luminaires. This device provides data transmission speed up to 150 Mbps. This aided the company to enhances its product portfolio.
 

Key players operating in the industry include

  • Integrated System Technologies Ltd.
  • Lightbee S.L.
  • Lucibel
  • NAV Technologies
  • Signify
  • PureLiFi
  • SLD Laser
  • Velmenni
  • VLNComm
  • Renesas Electronics Corporation
  • General Electric
  • Oledcomm
  • Fujitsu

The Li-Fi market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2020 to 2030 for the following segments:
 

Market by Component

  • LEDs
  • Photodetectors
  • Microcontrollers

Market by Application

  • Indoor networking
  • Aerospace
  • Automotive
  • Healthcare
  • Location-Based Services
  • Underwater communication
  • Defense & security
  • Intrinsically safe environments

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
       
Authors: Suraj Gujar, Ankita Chavan
Li-Fi Market Scope
  • Li-Fi Market Size
  • Li-Fi Market Trends
  • Li-Fi Market Analysis
  • Li-Fi Market Share

Report contents

Chapter 1.   Methodology and Scope

1.1.  Scope & Definitions

1.1.1. Definitions

1.2.  Methodology and forecast parameters

1.3.  Data Sources

1.3.1. Secondary

1.3.2. Primary

Chapter 2.   Executive Summary

2.1.  Light Fidelity (Li-Fi) industry 360° synopsis, 2016 – 2030

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.4. Application trends

Chapter 3.   Li-Fi Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2016 – 2030

3.3.  Impact of COVID-19 on Li-Fi industry landscape

3.3.1. Global outlook

3.3.2. Regional impact

3.3.2.1.    North America

3.3.2.2.    Europe

3.3.2.3.    Asia Pacific

3.3.2.4.    Latin America

3.3.2.5.    MEA

3.3.3. Industry value chain

3.3.3.1.    Research & development

3.3.3.2.    Manufacturing

3.3.3.3.    Marketing

3.3.3.4.    Supply

3.3.4. Competitive landscape

3.3.4.1.    Strategy

3.3.4.2.    Distribution network

3.3.4.3.    Business growth

3.4.  Industry ecosystem analysis

3.4.1. Distribution channel analysis

3.5.  Li-Fi for indoor networking

3.5.1. Role of Li-Fi for indoor networking vs. Wi-Fi vs. 5G Wireless

3.5.2. Technology gaps delaying the broad deployment of Li-Fi

3.5.3. Role of Li-Fi in the post-COVID-19 world

3.6.  Li-Fi users/customers

3.6.1. Past users/customers

3.6.2. Current users/customers

3.6.3. Potential users/customers

3.7.  Technology & innovation landscape

3.7.1. Application Specific Integrated Circuit (ASIC)

3.7.2. Impact of IoT

3.8.  Regulatory landscape

3.8.1. International standards

3.8.1.1.    IEEE 802.15.7

3.8.1.2.    ISO/IEC 17417:2011(en)

3.8.2. North America

3.8.2.1.    ITU-T G.9991

3.8.2.2.    The Lighting Controls Association

3.8.3. Europe

3.8.3.1.    (EU) No 1194/2012

3.8.4. Asia Pacific

3.8.4.1.    GB/T 36628.3-2019-part 3 (China)

3.8.4.2.    JEITA CP-1221 (Japan)

3.8.4.3.    JEITA CP-1222 (Japan)

3.8.5. Latin America

3.8.5.1.    NOM-064-SCFI-2000 (Mexico)

3.8.6. MEA

3.8.6.1.    GSO ISO/IEC 15429: 2013 (GCC)

3.9.  Industry impact forces

3.9.1. Growth drivers

3.9.1.1.    Growing demand for indoor networking in the commercial sector

3.9.1.2.    Increasing implementation of Li-Fi in healthcare and education sectors in Europe

3.9.1.3.    Rise in penetration of smart devices in Asia Pacific

3.9.1.4.    Construction of smart cities and commercial establishments in MEA

3.9.2. Industry pitfalls & challenges

3.9.2.1.    High initial cost of installation of Li-Fi systems

3.9.2.2.    Lack of awareness related to benefits of Li-Fi

3.10.      Growth potential analysis

3.11.    Porter's analysis

3.11.1.  Supplier power

3.11.2.  Buyer power

3.11.3.  Threat of new entrants

3.11.4.  Threat of substitutes

3.11.5.  Internal rivalry

3.12.      PESTEL analysis

Chapter 4.   Competitive Landscape, 2019

4.1.  Introduction

4.2.  Company market share analysis, 2019

4.2.1. PureLiFi Ltd

4.2.2. Signify

4.2.3. Velmenni

4.2.4. VLNComm, Inc.

4.2.5. Renesas Electronic Corporation

Chapter 5.   Li-Fi Market, By Component

5.1.  Key trends by component

5.2.  LED

5.2.1. Market estimates and forecast, 2016 – 2030

5.3.  Photodetectors

5.3.1. Market estimates and forecast, 2016 – 2030

5.4.  Microcontrollers (MCU)

5.4.1. Market estimates and forecast, 2016 – 2030

Chapter 6.   Li-Fi Market, By Application

6.1.  Key trends by application

6.2.  Automotive

6.2.1. Market estimates and forecast, 2016 – 2030

6.3.  Indoor Networking

6.3.1. Market estimates and forecast, 2016 – 2030

6.4.  Aerospace

6.4.1. Market estimates and forecast, 2016 – 2030

6.5.  Healthcare

6.5.1. Market estimates and forecast, 2016 – 2030

6.6.  Intrinsically safe environment

6.6.1. Market estimates and forecast, 2016 – 2030

6.7.  Location based services

6.7.1. Market estimates and forecast, 2016 – 2030

6.8.  Defense & security

6.8.1. Market estimates and forecast, 2016 – 2030

6.9.  Underwater communication

6.9.1. Market estimates and forecast, 2016 – 2030

Chapter 7.   Li-Fi Market, By Region

7.1.  Key trends by region

7.2.  North America

7.2.1. Market estimates and forecast, by component, 2016 – 2030

7.2.2. Market estimates and forecast, by application, 2016 – 2030

7.2.3. U.S.

7.2.3.1.    Market estimates and forecast, by component, 2016 – 2030

7.2.3.2.    Market estimates and forecast, by application, 2016 – 2030

7.2.4. Canada

7.2.4.1.    Market estimates and forecast, by component, 2016 – 2030

7.2.4.2.    Market estimates and forecast, by application, 2016 – 2030

7.3.  Europe

7.3.1. Market estimates and forecast, by component, 2016 – 2030

7.3.2. Market estimates and forecast, by application, 2016 – 2030

7.3.3. UK

7.3.3.1.    Market estimates and forecast, by component, 2016 – 2030

7.3.3.2.    Market estimates and forecast, by application, 2016 – 2030

7.3.4. Germany

7.3.4.1.    Market estimates and forecast, by component, 2016 – 2030

7.3.4.2.    Market estimates and forecast, by application, 2016 – 2030

7.3.5. France

7.3.5.1.    Market estimates and forecast, by component, 2016 – 2030

7.3.5.2.    Market estimates and forecast, by application, 2016 – 2030

7.3.6. Italy

7.3.6.1.    Market estimates and forecast, by component, 2016 – 2030

7.3.6.2.    Market estimates and forecast, by application, 2016 – 2030

7.3.7. Russia

7.3.7.1.    Market estimates and forecast, by component, 2016 – 2030

7.3.7.2.    Market estimates and forecast, by application, 2016 – 2030

7.4.  Asia Pacific

7.4.1. Market estimates and forecast, by component, 2016 – 2030

7.4.2. Market estimates and forecast, by application, 2016 – 2030

7.4.3. China

7.4.3.1.    Market estimates and forecast, by component, 2016 – 2030

7.4.3.2.    Market estimates and forecast, by application, 2016 – 2030

7.4.4. India

7.4.4.1.    Market estimates and forecast, by component, 2016 – 2030

7.4.4.2.    Market estimates and forecast, by application, 2016 – 2030

7.4.5. Japan

7.4.5.1.    Market estimates and forecast, by component, 2016 – 2030

7.4.5.2.    Market estimates and forecast, by application, 2016 – 2030

7.4.6. South Korea

7.4.6.1.    Market estimates and forecast, by component, 2016 – 2030

7.4.6.2.    Market estimates and forecast, by application, 2016 – 2030

7.5.  Latin America

7.5.1. Market estimates and forecast, by component, 2016 – 2030

7.5.2. Market estimates and forecast, by application, 2016 – 2030

7.5.3. Brazil

7.5.3.1.    Market estimates and forecast, by component, 2016 – 2030

7.5.3.2.    Market estimates and forecast, by application, 2016 – 2030

7.5.4. Mexico

7.5.4.1.    Market estimates and forecast, by component, 2016 – 2030

7.5.4.2.    Market estimates and forecast, by application, 2016 – 2030

7.6.  MEA

7.6.1. Market estimates and forecast, by component, 2016 – 2030

7.6.2. Market estimates and forecast, by application, 2016 – 2030

7.6.3. UAE

7.6.3.1.    Market estimates and forecast, by component, 2016 – 2030

7.6.3.2.    Market estimates and forecast, by application, 2016 – 2030

7.6.4. Saudi Arabia

7.6.4.1.    Market estimates and forecast, by component, 2016 – 2030

7.6.4.2.    Market estimates and forecast, by application, 2016 – 2030

7.6.5. South Africa

7.6.5.1.    Market estimates and forecast, by component, 2016 – 2030

7.6.5.2.    Market estimates and forecast, by application, 2016 – 2030

Chapter 8.   Company Profiles

8.1. Acuity Brands, Inc

8.1.1. Business Overview

8.1.2. Financial Data

8.1.3. Product Landscape

8.1.4. Strategic Outlook

8.1.5. SWOT Analysis

8.2. Fujitsu Ltd.

8.2.1. Business Overview

8.2.2. Financial Data

8.2.3. Product Landscape

8.2.4. Strategic Outlook

8.2.5. SWOT Analysis

8.3.  General Electric

8.3.1. Business Overview

8.3.2. Financial Data

8.3.3. Product Landscape

8.3.4. Strategic Outlook

8.3.5. SWOT Analysis

8.4. Global Li-Fi Tech, Inc

8.4.1. Business Overview

8.4.2. Financial Data

8.4.3. Product Landscape

8.4.4. Strategic Outlook

8.4.5. SWOT Analysis

8.5. Integrated System Technologies Ltd

8.5.1. Business Overview

8.5.2. Financial Data

8.5.3. Product Landscape

8.5.4. Strategic Outlook

8.5.5. SWOT Analysis

8.6. Lightbee S.L.

8.6.1. Business Overview

8.6.2. Financial Data

8.6.3. Product Landscape

8.6.4. Strategic Outlook

8.6.5. SWOT Analysis

8.7. LumEfficient Lighting Corporation

8.7.1. Business Overview

8.7.2. Financial Data

8.7.3. Product Landscape

8.7.4. Strategic Outlook

8.7.5. SWOT Analysis

8.8. Lucibel SA

8.8.1. Business Overview

8.8.2. Financial Data

8.8.3. Product Landscape

8.8.4. Strategic Outlook

8.8.5. SWOT Analysis

8.9. LVX System

8.9.1. Business Overview

8.9.2. Financial Data

8.9.3. Product Landscape

8.9.4. Strategic Outlook

8.9.5. SWOT Analysis

8.10.    Oledcomm S.A.S.

8.10.1.  Business Overview

8.10.2.  Financial Data

8.10.3.  Product Landscape

8.10.4.  Strategic Outlook

8.10.5.  SWOT Analysis

8.11.    Panasonic Corporation

8.11.1.  Business Overview

8.11.2.  Financial Data

8.11.3.  Product Landscape

8.11.4.  Strategic Outlook

8.11.5.  SWOT Analysis

8.12.    PureLifi Limited

8.12.1.  Business Overview

8.12.2.  Financial Data

8.12.3.  Product Landscape

8.12.4.  Strategic Outlook

8.12.5.  SWOT Analysis

8.13.    Qualcomm Technologies, Inc

8.13.1.  Business Overview

8.13.2.  Financial Data

8.13.3.  Product Landscape

8.13.4.  Strategic Outlook

8.13.5.  SWOT Analysis

8.14.    Renesas Electronics Corporation

8.14.1.  Business Overview

8.14.2.  Financial Data

8.14.3.  Product Landscape

8.14.4.  Strategic Outlook

8.14.5.  SWOT Analysis

8.15.    Signify N.V.

8.15.1.  Business Overview

8.15.2.  Financial Data

8.15.3.  Product Landscape

8.15.4.  Strategic Outlook

8.15.5.  SWOT Analysis

8.16.    SLD Laser

8.16.1.  Business Overview

8.16.2.  Financial Data

8.16.3.  Product Landscape

8.16.4.  Strategic Outlook

8.16.5.  SWOT Analysis

8.17.    Velmenni

8.17.1.  Business Overview

8.17.2.  Financial Data

8.17.3.  Product Landscape

8.17.4.  Strategic Outlook

8.17.5.  SWOT Analysis

8.18.    VLNComm,Inc

8.18.1.  Business Overview

8.18.2.  Financial Data

8.18.3.  Product Landscape

8.18.4.  Strategic Outlook

8.18.5.  SWOT Analysis

8.19.    Zero1 Lux

8.19.1.  Business Overview

8.19.2.  Financial Data

8.19.3.  Product Landscape

8.19.4.  Strategic Outlook

8.19.5.  SWOT Analysis

Authors: Suraj Gujar, Ankita Chavan

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Premium Report Details

Base Year: 2019

Companies covered: 19

Tables & Figures: 206

Countries covered: 16

Pages: 209

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