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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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