Light Fidelity (Li-Fi) Market Research and Forecast Report, 2016 to 2024

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Light Fidelity (Li-Fi) Market Share, Size,
Analysis, Regional Outlook, Growth, Trends and
Forecasts to 2024 Hexa Research
"The global Light Fidelity (Li-Fi) Market Size to
Surpass 101 Billion by 2024
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.
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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.
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
electronics,
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 RD 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
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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
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
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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 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
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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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