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Press Release:

Global Li-Fi Market to Reach US$ 4,231 Million by 2027, Impelled by Rising Demand for Improved Data Security

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Li-Fi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global Li-Fi market reached a value of US$ 283 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 4,231 Million by 2027, exhibiting a CAGR of 51.26% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Light fidelity (Li-Fi), or visible light communication (VLC), refers to a wireless optical networking technology that utilizes light to transfer data at high speeds. It uses the visible light spectrum, ultraviolet (UV) and infrared radiations (IR). The system operates through light-emitting diodes (LEDs) and microcontrollers that trigger the conversion of light waves into electric signals. These signals are then received by photodetectors that interpret the changes in light intensity as data. This technology can connect remote and distant terrains across vast areas that cannot be reached through optical fibers, owing to which it finds extensive applications across various industries, including healthcare, automotive, aerospace, electronics, information technology (IT) and defense.

 

 
 

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The primary factors driving the market growth include hyper-urbanization and the increasing construction of smart cities across the globe. Furthermore, widespread adoption of cloud computing, big data tools and multi-tier data center architectures across industries is also providing a boost to the market growth. In comparison to the traditionally used alternatives, such as Wi-Fi, Li-Fi systems offer massive bandwidth spectrum, higher speeds, enhanced data security and minimal network and radio interference. Additionally, the increasing adoption of automated systems across residential and commercial sectors is creating lucrative opportunities for the industry players for business expansion. The growing applications of indoor location-based services, such as smart car parking, smart lighting, health monitoring, logistics and shopping assistance have increased the demand for high-speed data communication systems. Other factors, including the rising need for advancements in the existing technologies, lowering prices of LED systems and extensive research and development (R&D) activities, are projected to drive the market in the upcoming years. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global Li-Fi market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, application, transmission type and end user.

Breakup by Component:

 

 
 

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  • LED Lamps
  • Optical Sensor
  • Microcontroller
  • Software
  • Others
     

Breakup by Application:

  • Indoor Networking
  • LBS (Location Based Services)
  • In-Flight Communication and Entertainment
  • Underwater Communication
  • Others
     

Breakup by Transmission Type:

  • Unidirectional
  • Bidirectional


Breakup by End-User:

  • Retail
  • Consumer Electronics
  • Automotive and Transportation
  • Healthcare
  • Defense and Security
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being FSOna Networks Corp, General Electric Co., LG Innotek, Lightpointe Communications, Lucibel, LVX System, Oledcomm, Philips, PureLi-Fi Ltd., Semicon Light Company, Sunpartner Technologies, Wipro LLC, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Component, Application, Transmission Type, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered FSOna Networks Corp, General Electric Co., LG Innotek, Lightpointe Communications, Lucibel, LVX System, Oledcomm, Philips, PureLi-Fi Ltd., Semicon Light Company, Sunpartner Technologies and Wipro LLC.
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Li-Fi Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    LED Lamps
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Optical Sensor
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Microcontroller
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Software
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Application
    7.1    Indoor Networking
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    LBS (Location Based Services)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    In-Flight Communication and Entertainment
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Underwater Communication
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Transmission Type
    8.1    Unidirectional
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Bidirectional
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by End-User
    9.1    Retail
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Consumer Electronics
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Automotive and Transportation
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Healthcare
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Defense and Security
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
    12.1    Overview
    12.2    Research and Development
    12.3    Product Design
    12.4    Component Manufacturers
    12.5    System Integrators
    12.6    Communication Network Providers
    12.7    System Installation
    12.8    End-Users
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    FSOna Networks Corp
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    General Electric Co.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    LG Innotek Co. Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    Lightpointe Communications Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    Lucibel
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
        14.3.6    LVX System
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Oledcomm
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Philips
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    PureLi-Fi Ltd.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    Semicon Light Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Sunpartner Technologies
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Wipro LLC
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 

List of Figures

Figure 1: Global: Li-Fi Market: Major Drivers and Challenges
Figure 2: Global: Li-Fi Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Li-Fi Market: Breakup by Component (in %), 2021
Figure 4: Global: Li-Fi Market: Breakup by Application (in %), 2021
Figure 5: Global: Li-Fi Market: Breakup by Transmission Type (in %), 2021
Figure 6: Global: Li-Fi Market: Breakup by End-User (in %), 2021
Figure 7: Global: Li-Fi Market: Breakup by Region (in %), 2021
Figure 8: Global: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Li-Fi (LED Lamps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Li-Fi (LED Lamps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Li-Fi (Optical Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Li-Fi (Optical Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Li-Fi (Microcontroller) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Li-Fi (Microcontroller) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Li-Fi (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Li-Fi (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Li-Fi (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Li-Fi (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Li-Fi (Indoor Networking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Li-Fi (Indoor Networking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Li-Fi (Location Based Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Li-Fi (Location Based Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Li-Fi (In-Flight Communication and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Li-Fi (In-Flight Communication and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Li-Fi (Underwater Communication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Li-Fi (Underwater Communication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Li-Fi (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Li-Fi (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Li-Fi (Unidirectional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Li-Fi (Unidirectional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Li-Fi (Bidirectional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Li-Fi (Bidirectional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Li-Fi (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Li-Fi (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Li-Fi (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Li-Fi (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Li-Fi (Automotive and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Li-Fi (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Li-Fi (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Li-Fi (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Li-Fi (Defense and security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Li-Fi (Defense and security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Li-Fi (Other End-Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Li-Fi (Other End-Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: North America: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: North America: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United States: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United States: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Canada: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Canada: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Asia Pacific: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Asia Pacific: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: China: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: China: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Japan: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Japan: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: India: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: India: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: South Korea: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: South Korea: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Australia: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Australia: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Indonesia: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Indonesia: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Europe: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Europe: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Germany: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Germany: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: France: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: France: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: United Kingdom: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: United Kingdom: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Italy: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Italy: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Spain: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Spain: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Russia: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Russia: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Latin America: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Latin America: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Brazil: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Brazil: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Mexico: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Mexico: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Others: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Others: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Middle East and Africa: Li-Fi Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Middle East and Africa: Li-Fi Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Global: Li-Fi Industry: SWOT Analysis
Figure 94: Global: Li-Fi Industry: Value Chain Analysis
Figure 95: Global: Li-Fi Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Li-Fi Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Li-Fi Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Li-Fi Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Li-Fi Market Forecast: Breakup by Transmission Type (in Million US$), 2022-2027
Table 5: Global: Li-Fi Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 6: Global: Li-Fi Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Li-Fi Market: Competitive Structure
Table 8: Global: Li-Fi Market: Key Players


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Key Questions Answered in This Report

The global Li-Fi market was valued at US$ 283 Million in 2021.

We expect the global Li-Fi market to exhibit a CAGR of 51.26% during 2022-2027.

The extensive utilization of Li-Fi systems for high-speed data communication, owing to their massive
bandwidth spectrum, enhanced data security, and minimal network interference, is currently driving
the global Li-Fi market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of Li-Fi technology
by several end-use industries, to connect remote and distant terrains across vast areas that cannot
be reached via optical fibers.

Based on the component, the global Li-Fi market has been divided into LED lamps, optical sensor,
microcontroller, software, and others. Among these, microcontroller currently exhibits a clear
dominance in the market.

Based on the application, the global Li-Fi market can be categorized into indoor networking, LBS
(Location Based Services), in-flight communication and entertainment, underwater communication,
and others. Currently, indoor networking holds the majority of the total market share.

Based on the end-user, the global Li-Fi market can be bifurcated into retail, consumer electronics,
automotive and transportation, healthcare, defense and security, and others. Among these, the
retail sector currently accounts for the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global Li-Fi market include FSOna Networks Corp, General Electric
Co., LG Innotek, Lightpointe Communications, Lucibel, LVX System, Oledcomm, Philips, PureLi-Fi Ltd.,
Semicon Light Company, Sunpartner Technologies, Wipro LLC, etc.

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