Light Fidelity Market Growth By Industry Analysis Focusing Key Players: GE, Oledcomm, PureLifi, Lucibel, Distech Control, Acuity Brands, Philips, LVX

Market Overview: -

(Light Fidelity) Li-Fi Market is expected to grow at over 80% owing to increase in adoption of communication technology coupled with energy efficient lighting solutions during the forecast timeframe. Li-Fi or Light-Fidelity market will exhibit massive growth over the coming six years, driven by its increasing demand across electromagnetic sensitive areas such as hospitals, nuclear power plants, and aircraft cabin.

Light fidelity (Li-Fi) market has gained high popularity in the global business space over the recent years, driven by its growing preference over traditional technologies on account of its favorable features such as energy efficiency, directional lighting, high-speed data transfer, and intrinsic security. The additional advantages of Li-Fi such as no bandwidth limitations, RF spectrum bandwidth crunch will provide an upper hand to this technology over the traditional channels such as Wi-Fi.

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Top Key Players: -

The key players will adopt strategies such as mergers & acquisitions, strategic collaborations, and heavy R&D investments to enhance their product portfolios. The notable participants in Light Fidelity (Li-Fi) market are GE, Oledcomm, PureLifi, Lucibel, Distech Control, Acuity Brands, Philips, and LVX.

Market share calculation in this report is not done based on companies covered in it. The calculation of Li-Fi market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Geographically, Asia Pacific light fidelity (Li-Fi) industry worth USD 185 million in 2015, is slated to exhibit substantial growth rate over the coming six years. The growth can be attributed to the increasing need for internet connectivity in developing countries. Significant R & D activities across the European region will boost Europe Li-Fi market share in the coming timeframe.

U.S. light fidelity market collected a revenue of about USD 190 million in 2015 and is projected to register a growth rate of 78% over the period of 2016 to 2023. The growing demand for wireless communication across this region will augment the industry growth.

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Partial Chapter of the Table of Content

Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Li-Fi industry 3600 synopsis, 2013 - 2023
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
Chapter 3 Li-Fi Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technological evolution
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 Massive bandwidth spectrum
3.5.1.2 High degree of security
3.5.1.3 Network availability
3.5.1.4 Increased efficiency
3.5.2 Industry pitfalls & challenges
3.5.2.1 Limited network coverage or short range
3.5.2.2 High electricity consumption
3.5.2.3 Lack of awareness
3.6 Growth potential analysis
3.7 Competitive landscape, 2015
3.7.1 Strategy overview
3.8 Porter’s analysis
3.9 PESTEL analysis

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Light fidelity (Li-Fi) market finds widespread applications across location-based services, indoor networking, defense & security, intrinsically safe environments, automotive, underwater communication, aerospace, and healthcare. Location-based services are predicted to grow noticeably at a CAGR of 79.5% over the period of 2016 to 2023. The growth can be attributed to escalating technological innovations and enhancement in the location and indoor positioning system.

The healthcare sector is expected to surpass a revenue of USD 2.6 billion by 2023. The growth of Li-Fi market across the medical sector is primarily driven by its capability to transfer data at a very high speed. In addition, considering the health concerns, Li-Fi is preferred over Wi-Fi for the interdepartmental medical facilities such as sharing the patient’s data with the other department.

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