Global Light Fidelity (LIFI) Technology Market, By Component (Light Emitting Diode, Photodetector, Microcontroller, and Software), Transmission Type (Unidirectional Transmission and Bidirectional Transmission), Application (Smart Store, Street Light, Consumer Electronics, Defense and Security, Vehicle and Transportation, Aviation, Hospital, Underwater Communication, Hazardous Environment, and Others) - Industry Trends and Forecast to 2030.
Light Fidelity (LIFI) Technology Market Analysis and Size
Recently, LiFi technology has been gaining a lot of attention and generating interest from various industries, including telecommunications, healthcare, automotive, and smart cities. The potential for high-speed wireless communication using visible light in scenarios where traditional radio frequency-based wireless technologies face challenges. Moreover, with the proliferation of connected devices and the rise of data-intensive applications such as video streaming, IoT, and autonomous vehicles, there is an increasing need for high-bandwidth communication solutions. LiFi technology offers the potential for ultra-fast data transfer rates, which could help meet the growing data demands. These factors are aiding the demand for LiFi technology and its market.
Data Bridge Market Research analyses that the global Light Fidelity (LIFI) technology market, which was USD 1,472.20 million in 2022, would rocket up to USD 87,430.83 million by 2030 and is expected to undergo a CAGR of 70.15% during the forecast period.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Light Fidelity (LIFI) Technology Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Component (Light Emitting Diode, Photodetector, Microcontroller, and Software), Transmission Type (Unidirectional Transmission and Bidirectional Transmission), Application (Smart Store, Street Light, Consumer Electronics, Defense and Security, Vehicle and Transportation, Aviation, Hospital, Underwater Communication, Hazardous Environment, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa
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Market Players Covered
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LightPointe Communications, Inc. (U.S.), Signify Holding (Netherlands), Oledcomm (France), LUCIBEL (France), pureLiFi (U.K.), ACUITY BRANDS LIGHTING, INC. (U.S.), GENERAL ELECTRIC (U.S.), LVX SYSTEM (U.S.), Koninklijke Philips N.V. (Netherlands), Velmenni OÜ (Estonia), Zero1 Pte Ltd (Singapore), ECOM Instruments GmbH (Germany), Getac Technology Corp. (Taiwan), Aegex Technologies, LLC (U.S.), Sonim Technologies Inc. (U.S.), BARTEC PIXAVI (Norway), KYOCERA Corporation (Japan), Zebra Technologies Corp. (U.S.), RugGear (Singapore), Panasonic Corporation (Japan), Caterpillar (U.S.), and AGM MOBILE (China) among others
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Market Opportunities
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Market Definition
Light Fidelity(LiFi) is a wireless communication technology that uses visible light to transmit data. It is an optical wireless communication system that employs Light-Emitting Diodes (LEDs) to send and receive data signals. LiFi technology utilizes the properties of visible light, such as intensity modulation and rapid flickering, to transmit binary data.
Global Light Fidelity (LIFI) Technology Market Dynamics
Drivers
- Increasing Demand for High-Speed Wireless Connectivity
The Light Fidelity (LiFi) technology market is increasing demand for high-speed wireless connectivity. As the world becomes more connected and data-intensive applications continue to emerge, there is a growing need for faster and more reliable wireless communication technologies. Traditional radio frequency-based wireless technologies, such as Wi-Fi, face limitations in terms of bandwidth and congestion, especially in densely populated areas.
- Growing Need for Secure and Reliable Communication
The LiFi technology market lies in the growing need for secure and reliable communication. With the increasing digitization of sensitive information and the rise in cyber threats, ensuring the security of data transmission has become a critical concern for individuals, businesses, and governments. LiFi technology provides inherent security advantages over traditional wireless technologies. LiFi signals remain confined within the intended area, making it more difficult for unauthorized users to intercept the data.
Opportunities
- Growth Internet of Things (IoT) Integration
One driver for the Light Fidelity (LiFi) technology market is the integration of LiFi with the Internet of Things (IoT). The IoT refers to the network of interconnected devices and objects that can communicate and exchange data. As IoT applications continue to expand across various industries, there is a growing need for efficient and reliable connectivity solutions.
Restraints/Challenges
However, a limited range of communication restrains the growth due to various climate, physical and environmental factors hindering its growth. Also, the rising emergence of competitive technology will challenge market growth in the above-mentioned forecast.
Recent Development
- In June 2017, LightPointe Communications, Inc., among various wireless bridge leaders, announced an investment in visible light communications and LiFi company to provide end-to-end outdoor and indoor solutions
Global Light Fidelity (LIFI) Technology Market Scope
The global Light Fidelity (LIFI) Technology market is segmented on the basis of component, transmission type, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Light Emitting Diode
- Photodetector
- Microcontroller
- Software
Transmission Type
- Unidirectional Transmission
- Bidirectional Transmission
Application
- Smart Store
- Street Light
- Consumer Electronics
- Defense and Security
- Vehicle and Transportation
- Aviation
- Hospital
- Underwater Communication
- Hazardous Environment
- Others
Global Light Fidelity (LIFI) Technology Market Regional Analysis/Insights
The global Light Fidelity (LIFI) Technologymarket is analysed and market size insights and trends are provided by country, component, transmission type, and application as referenced above.
The countries covered in the global Light Fidelity (LIFI) Technology market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa.
North America dominates the light fidelity (LIFI) technology market and will continue to flourish its trend of dominance during the forecast period due to rising advancement in the infrastructure technologies such as wireless sensor control, internet of things and big data analytics. Asia-Pacific will, however, register the highest growth rate for this period because of rising expenditure on light fidelity technology and new developments in the market in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Light Fidelity (LIFI) TechnologyMarket Share Analysis
The global Light Fidelity (LIFI) Technology market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global Light Fidelity (LIFI) Technology market.
Some of the major players operating in the global Light Fidelity (LIFI) Technology market are:
- LightPointe Communications, Inc. (U.S.)
- Signify Holding (Netherlands)
- Oledcomm (France)
- LUCIBEL (France)
- pureLiFi (U.K.)
- ACUITY BRANDS LIGHTING, INC. (U.S.)
- GENERAL ELECTRIC (U.S.)
- LVX SYSTEM (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Velmenni OÜ (Estonia)
- Zero1 Pte Ltd (Singapore)
- ECOM Instruments GmbH (Germany)
- Getac Technology Corp. (Taiwan)
- Aegex Technologies, LLC (U.S.)
- Sonim Technologies Inc. (U.S.)
- BARTEC PIXAVI (Norway)
- KYOCERA Corporation (Japan)
- Zebra Technologies Corp. (U.S.)
- RugGear (Singapore)
- Panasonic Corporation (Japan)
- Caterpillar (U.S.)
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