Global Li-Fi Market Forecasts By Top Companies: GE, Fujitsu Global, Acuity Brands, Qualcomm, Panasonic, pureLiFi Ltd, Philips, Renesas Electronics

Li-Fi Market consists of large number of suppliers of raw materials that are used to manufacture Li-Fi enabled products. Raw materials such as LEDs (light emitting diode), microcontroller, and photodetector used to enable these solutions.

(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.

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Increasing data production and usage will lead the usage of RF based networks and wireless optical network. Flourishing demand from medical centres, educational institutes and hospitals is witnessed. Healthcare sector is estimated to reach over USD 2.5 billion by 2023 owing to reduction of electromagnetic radiations and patient data sharing inter-department at high speed rates. High adoption rate for wireless communication will support the Li-Fi market growth.

High security compared to traditional radio communications since light cannot pass through walls will be a compelling driver for technology adoption. LED components will continue remaining the largest industry segment, with revenue forecast to surpass USD 33 billion by 2023. These products can be used off-the-shelf since they combine illumination with the ability to modulate brightness, which can be received and used as data.

Significant LED infrastructure driven by reducing prices, high degree of energy efficiency, and high installation in residential as well as public spaces will prove beneficial to Li-Fi market size in the coming years. Megatrends such as Industry 4.0 and significant growth prospects in the IoT market will present high profitability avenues. Smart homes industry size will be propelled by increased connectivity demand and initiatives undertaken by major participants. This is forecast to drive Li-Fi market size over the forecast timeframe. Integration of technology with solar panels will create self-powered receivers opening the routes for backhaul, rural broadband, Internet of Things and low cost beacons. In addition, intrinsically safe environments which cannot implement Wi-Fi will support the nascent technology.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & analysis:

1. GE
2. Fujitsu Global
3. Acuity Brands
4. Qualcomm
5. Panasonic
6. pureLiFi Ltd
7. Philips
8. Renesas Electronics

• Global Li-Fi Market Component Analysis (Revenue, USD Million, 2013 - 2023)
o LED
o Photodetector
o MCU
• Global Li-Fi Market Application Analysis (Revenue, USD Million, 2013 - 2023)
o Automotive
o Indoor networking
o Aerospace
o Healthcare
o Intrinsically safe environments
o Location based services
o Defense
o Underwater communication

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The LED industry is expected to exceed USD 30 billion by 2023 owing to government support for energy conservation. Location based services is expected to grow at over 75% CAGR during the forecast timeframe. This service enhances shopping experience by giving accurate information about the location and current offers on products available in the store which in turn helps the owners to manage the inventory.

Asia Pacific is forecast to emerge as the leading region in the coming years. The industry expects high growth in the region on account of internet connectivity demand coupled with poor radio communications infrastructure in rural areas of countries like India. U.S. Li-Fi market share will grow with over 77% CAGR expectations over the forecast timeframe.

Major industry participants in Li-Fi market.include Axrtek, Renesas Electronics, Oledcomm S.A.S., GE, IBSENtelecom Ltd., Lightbee Corp., Fujitsu Global, Acuity Brands, Inc, Qualcomm, Panasonic, LVX Minnesota Corporation, PureLifi Ltd., Philips, Lucibel, Velmenni, and Integrated System Technologies Ltd.

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