Li-Fi Market 2021 Size, Share, Research Methodology, Revenue By 2028

April 07 23:06 2021
Increasing demand for high-speed networks and growing demand for highly secure network systems in various industries is driving global Li-Fi market growth.

Market Size – USD 213.5 Million in 2020, Market Growth – at a CAGR of 70.1%, Market Trends –Increasing demand for indoor networking in retail industry.

The global Li-Fi market is expected to reach a market size of USD 14,913.3 Million by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. Increasing demand for high-speed networks is a primary factor expected to drive growth of the global Li-Fi market during the forecast period. Growing demand for highly secure network systems in various industries is expected to further propel global market growth during the forecast period. Increasing demand for indoor networking in the retail industry globally is another factor expected to boost growth of the global Li-Fi market growth over the forecast period.

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Key Highlights of Report

  • Increasing LED implementation in various industries is driving revenue growth of the LED segment currently, which is expected to register a significantly high CAGR of 70.4% over the forecast period.
  • Due to increasing need for energy-efficient devices, and growing demand for high-speed bandwidth in countries in North America, the market in the region is expected to account for the largest market share among other regional markets during the forecast period.
  • Key market players include Oledcomm SAS, Panasonic Corporation, Signify Holding B.V., Velmenni OÜ, Renesas Electronics Corporation, PureLiFi Limited, Fsona Networks Corporation, Acuity Brands, Inc., Lucibel SA, and VLNComm Inc.
  • In November 2019, LocusLabs, Inc. was acquired by Acuity Brands, Inc. Through this acquisition, Acuity Brands will strengthen its expertise in indoor mapping and location-based services.

Emergen Research has segmented the global Li-Fi market on the basis of component, application, end-use, and region.

  • Component Outlook (Revenue, USD Million; 2021–2028)
    • Photo-Detector
    • LEDs
    • Microcontroller
    • Optical Sensing
    • Others
  • Application Outlook (Revenue, USD Million; 2021–2028)
    • Underwater Communication
    • Standalone Tracker
    • Indoor Networking
    • Smartphone
    • Advance Tracker
    • Location-Based Services
    • Others
  • End-use Outlook (Revenue, USD Million; 2021–2028)
    • Healthcare
    • Aerospace & Defense
    • Education
    • Retail
    • Automotive
    • Government
    • Transportation
    • Consumer Electronics
    • Others

Regional Bifurcation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Factors influencing market remuneration:

  • The global Li-Fi market report includes a detailed study of the product spectrum of the market and further describes the different product types, including One-sided, Two-sided, and Others.
  • The report zeroes in on the overall market dynamics and presents information with regard to the producers and distributors, manufacturing cost structure, and downstream buyers.
  • Details pertaining to the expected growth rate, industry share, revenue accumulated, and product segmentationare depicted in this report.
  • The application landscape of the global Li-Fi market can be categorized into For Human, For Animals, and Others.
  • The study further examines the industry share and product demand of each application, coupled withthe predicted growth patterns of the various application segments.
  • Other vital factors, such as market concentration ratioand raw material processing rate, have also been covered under the latest study.

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope 
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Li-Fi Market Segmentation & Impact Analysis
    4.1. Li-Fi Market Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing demand for high-speed network
                    4.2.2.2. Growing demand for highly secure network system in various industries
                    4.2.2.3. Rising focus of government for smart city
                    4.2.2.4. Increasing demand for faster data transmission
          4.2.3. Market restraints analysis
                    4.2.3.1. High implementation cost of Li-Fi system
                    4.2.3.2. Lack of awareness about Li-Fi technology among end-user
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Li-Fi Market By Component Insights & Trends Revenue (USD Million)  
    5.1. Component Dynamics & Market Share, 2020 & 2028
          5.1.1. Photo-Detector
          5.1.2. LEDs
          5.1.3. Microcontroller
          5.1.4. Optical Sensing
          5.1.5. Others

CONTINUED…!!

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