Light Fidelity (Li-Fi)/visible light communication facilitates internet facilities in a closed controlled environment such as hospital, airplane, shopping complex, office, and vehicle among others. It is used to provide communication between electronic devices with the help of visible light particularly LED bulbs. This emerging technology has numerous advantages over currently prevalent Wi-Fi technology such as 100 times faster speed and 10,000 times wider bandwidth, which enables the user to transfer large amount of data in very small duration of time. Several exclusive advantages are extensively uplifting the Li-Fi market in various applications such as automated vehicular communications, location based services in retail sector, and inflight communications among others.

The Li-Fi technology does not use EM waves and hence, it is most appropriate to use inside hospital and airplane where Wi-Fi and other radio frequency communications is prohibited due to health and security reasons. Li-Fi has a high adoption rate in military & defense as it provides data sharing in a visible range and cannot be hacked from outside. In addition, Li-Fi is used to facilitate communications where radio frequency waves cannot travel such as under water communication in navy. Furthermore, the growth in Li-Fi market is propelled by its rapid increase in adoption in different applications by the key players. For instance, GE and Qualcomm Atheros have collaborated to provide retailers with Li-Fi enabled lights, which allows them to pinpoint shoppers' locations and use mobile apps to personalize the in-store experience. Furthermore, a leading company in Li-Fi technology, LVX system, has collaborated with NASA to introduce this technology in space, which will save them from carrying load of excessive wiring for communication inside the space crafts.

Major factors that accelerate the growth in Li-Fi market are enhanced data security, faster transmission rate, wider bandwidth, and high adoption rate in industries such as retail, aerospace & defense. However, inability of transmission under sun light and constraint of distance restrain the growth in the market. On the contrary, being a nascent technology it is expected to have a high adoption rate in the emerging nations which will open new opportunities in the market.

Comparison between properties of Wi-Fi and Li-Fi

Properties


Wi-Fi


Li-Fi

Spectrum used


RF


Visual light

Range


Less than 200 meters


Depends on intensity of light

Cost


High


Low

Security


Less secure than Li-Fi


More secure

Data transfer speed


108 Mbps (with double channel)


100 times faster than Wi-Fi

Standard


IEEE 802.11


IEEE 802.15



The Li-Fi market is segmented on the basis of component, industry vertical, and geography. Based on component, the market is segmented into LED, photo detector, and microcontroller (MCU). Furthermore, the market is categorized on the basis of industry vertical which include retail, electronics, defense & security, automotive & transport, aerospace & aviation, healthcare, and others. Further, the market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report include General Electric, Oledcomm S.A.S, Renesas Electronics Corporation, pureLiFi, LVX SYSTEM, Acuity Brands Lighting, Inc., Qualcomm technologies Inc., IBSENtelecom ltd., Koninklijke Philips N.V., and Panasonic Corporation among others.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

This report provides an in-depth analysis of the world Li-Fi market along with current trends and future estimations to identify lucrative investment opportunities
This report identifies the key drivers, opportunities, and restraints that shape the market along with their impact analysis
Porter's Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks
Market estimation of geographical regions is based on the current market scenario and future trends

MARKET SEGMENTATION

The market is segmented on the basis of component, industry vertical, and geography.

BY COMPONENT

LED
Photodetectors
Microcontrollers (MCU)

BY INDUSTRY VERTICAL

Retail
Electronics
Indoor networking
Smart streetlights
Defense & Security
Military operations
Underwater communication in navy
Others
Automotive & Transport
V2V communications
Traffic management
Aerospace & Aviation
inflight communication and infotainment
Space crafts
Healthcare
Others (mining and chemical )

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY PLAYERS

General Electric
Oledcomm S.A.S
Renesas Electronics Corporation
pureLiFi
LVX SYSTEM
Acuity Brands Lighting, Inc.
Qualcomm technologies Inc.
IBSENtelecom ltd.
Koninklijke Philips N.V.
Panasonic Corporation