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Li-Fi Market 2020 Global Analysis, Industry Demand, Trends, Size, Opportunities, Forecast 2030

Author : Ronak Bora | Published Date : 2020-09-15 

Growing adoption of Li-Fi systems across the education sector is anticipated to propel the global Li-Fi market share over the coming years. Research institutes and schools are increasingly implementing Li-Fi systems in order to offer secure and seamless internet connectivity to their students. In addition, drastically rising data consumption and increasing RF spectrum crunch is further laying down the groundwork that would foster the adoption of alternative wireless communication technologies like Li-Fi, pushing overall industry outlook further.

Additionally, Li-Fi systems also observe uses across those areas where Wi-Fi technology faces issues or does not hold a presence such as operation theatres in hospitals, aircraft, power plants, and several other places. More specifically, Li-Fi can be used in areas where radio (electromagnetic) interference is a major point of concern for the security and safety of people and equipment. Because Li-Fi uses light to transmit data as opposed to radio signals

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In terms of application, the overall light fidelity market is classified into intrinsically safe environments, defense & security, underwater communication, location-based services, automotive, healthcare, aerospace, and indoor networking. Li-Fi market will witness a high growth with potential applications in underwater communications segment between submarines and naval ships.

From a regional frame of reference, increasing penetration of smart consumer electronics in the Latin America will drive the market growth in the region.

(Light Fidelity) Li-Fi Market size is expected to exceed USD 8 billion by 2030. The market is expected to project a rapid growth owing to the increasing implementation of Li-Fi systems in the education sector. Rising adoption of Li-Fi in schools and research institutes to provide seamless and secure internet connectivity to students, is driving the market.

The global impact of COVID-19 pandemic has led to a slowdown in the Li-Fi market growth. Governments of several countries in North America, Europe and Asia Pacific have imposed restrictions on movement, causing a halt in business operations. In this scenario, the adoption of new technologies such as Li-Fi is expected to slow down, thereby impacting the market growth. However, the market is expected to witness a steady growth from 2021 onwards, after the impact of the pandemic is reduced.

Some major findings in the Li-Fi market report include:

  • Increasing consumption of data and growing RF spectrum crunch is creating a demand for alternative wireless communication technologies such as Li-Fi market.
  • Potential implementation of Li-Fi in automotive sector for Vehicle to Vehicle (V2V) AND Vehicle to Road (V2R) communication will augment the demand for this technology over the forecast timeframe.
  • Growing investments in the development of smart city projects in MEA is supporting the adoption of Li-Fi. Integration of Li-Fi in streetlights provides high-speed mobile connectivity to users without the use of radio frequency.
  • Li-Fi technology providers are focusing on strategic collaborations with consumer electronics manufacturers to integrate Li-Fi enabled chipsets and microcontrollers in smartphones, laptops, smart wearables etc.
  • Key players operating in the Li-Fi market include Lucibel, Signify, Oledcomm, Renesas Electronic Corporation, Acuity Brands, VLNComm, SLD Laser and NAV Technologies.
  • Market, players are adopting several strategies such as new product launches and business expansion to tap the unserved market. Emerging players are also focusing on establishing partnerships with market leaders to develop technologically advanced products.

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Leading companies are focusing on new product launches to increase their business growth. For instance, for instance, in July 2018, Oledcomm launched its new GEOLiFi LED Tube. This device is equipped with Oledcomm’s GEOLiFi technology capable of transforming the LED lighting network into a fast & reliable indoor positioning system.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology and Scope

1.1.  Scope & Definitions

1.1.1. Definitions

1.2.  Methodology and forecast parameters

1.3.  Data Sources

1.3.1. Secondary

1.3.2. Primary

Chapter 2.   Executive Summary

2.1.  Li-Fi market 360° synopsis, 2016 – 2030

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.4. Application trends

Chapter 3.   Li-Fi Market Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2016 – 2030

3.3.  Impact of COVID-19 on Li-Fi industry landscape

3.3.1. Global outlook

3.3.2. Regional impact

3.3.2.1.    North America

3.3.2.2.    Europe

3.3.2.3.    Asia Pacific

3.3.2.4.    Latin America

3.3.2.5.    MEA

3.3.3. Industry value chain

3.3.3.1.    Research & development

3.3.3.2.    Manufacturing

3.3.3.3.    Marketing

3.3.3.4.    Supply

3.3.4. Competitive landscape

3.3.4.1.    Strategy

3.3.4.2.    Distribution network

3.3.4.3.    Business growth

3.4.  Industry ecosystem analysis

3.4.1. Distribution channel analysis

3.5.  Li-Fi for indoor networking

3.5.1. Role of Li-Fi for indoor networking vs. Wi-Fi vs. 5G Wireless

3.5.2. Technology gaps delaying the broad deployment of Li-Fi

3.5.3. Role of Li-Fi in the post-COVID-19 world

3.6.  Li-Fi users/customers

3.6.1. Past users/customers

3.6.2. Current users/customers

3.6.3. Potential users/customers

3.7.  Technology & innovation landscape

3.7.1. Application Specific Integrated Circuit (ASIC)

3.7.2. Impact of IoT

3.8.  Regulatory landscape

3.8.1. International standards

3.8.1.1.    IEEE 802.15.7

3.8.1.2.    ISO/IEC 17417:2011(en)

3.8.2. North America

3.8.2.1.    ITU-T G.9991

3.8.2.2.    The Lighting Controls Association

3.8.3. Europe

3.8.3.1.    (EU) No 1194/2012

3.8.4. Asia Pacific

3.8.4.1.    GB/T 36628.3-2019-part 3 (China)

3.8.4.2.    JEITA CP-1221 (Japan)

3.8.4.3.    JEITA CP-1222 (Japan)

3.8.5. Latin America

3.8.5.1.    NOM-064-SCFI-2000 (Mexico)

3.8.6. MEA

3.8.6.1.    GSO ISO/IEC 15429: 2013 (GCC)

3.9.  Industry impact forces

3.9.1. Growth drivers

3.9.1.1.    Growing demand for indoor networking in the commercial sector

3.9.1.2.    Increasing implementation of Li-Fi in healthcare and education sectors in Europe

3.9.1.3.    Rise in penetration of smart devices in Asia Pacific

3.9.1.4.    Construction of smart cities and commercial establishments in MEA

3.9.2. Industry pitfalls & challenges

3.9.2.1.    High initial cost of installation of Li-Fi systems

3.9.2.2.    Lack of awareness related to benefits of Li-Fi

3.10.      Growth potential analysis

3.11.    Porter's analysis

3.11.1.  Supplier power

3.11.2.  Buyer power

3.11.3.  Threat of new entrants

3.11.4.  Threat of substitutes

3.11.5.  Internal rivalry

3.12.      PESTEL analysis

Chapter 4.   Competitive Landscape, 2019

4.1.  Introduction

4.2.  Company market share analysis, 2019

4.2.1. PureLiFi Ltd

4.2.2. Signify

4.2.3. Velmenni

4.2.4. VLNComm, Inc.

4.2.5. Renesas Electronic Corporation

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/lifi-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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