Comprehensive Analysis on Li-Fi Market Size with Key Players: PureLifi, GE, LVX, Philips

The Global Li-Fi market study focuses on major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

Li-Fi Market size is anticipated to reach USD 75.5 billion by 2023; as per a new research report by Global Market Insights, Inc.

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Increasing 3G and 4G technology demand and the impending RF spectrum crunch will drive the global Li-Fi market. Since it uses the visible light spectrum, the technology is expected to complement Wi-Fi in environments where the latter is not suitable. This includes environments such as healthcare, where data security is paramount.

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.

High security compared to traditional radio communications since light cannot pass through walls will be a compelling driver for technology adoption.

Low awareness regarding the presence and benefits of the technology, such as in vehicle-to-vehicle communication, and across location based services through the use of signage for driving sales is a growth restraint.

The Li-Fi industry 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.

Key insights from the report include:

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.

Intrinsically safe environments that cannot tolerate the usage of Wi-Fi technology will be a high growing application area. Li-Fi market share in this space will grow at over 88% CAGR estimations from 2016 to 2023.

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.

The industry is R&D intensive and innovation led, with commercialization expected to result in proliferation across application areas and attract large manufacturers.

Major companies contributing to Li-Fi market size include PureLifi, GE, LVX, Philips, etc. Growing number of players in the future is estimated to lead to industry fragmentation. Manufacturers focus on partnerships and collaborations for Li-Fi market expansion. Since LED infrastructure is robust on a global level, technological differentiation, innovation, and applicability across a wide number of use cases is tantamount to success.

While substitutes include incumbent Wi-Fi and WiMAX technologies, adoption will be driven by the opportunity to enable internet and other data communication functionality to remote and poorer regions, which was not possible due to poor infrastructure and lack of development.

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Report 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 360 degree 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
Chapter 4 Li-Fi Component Insights
4.1 Global Li-Fi market share by component, 2015 & 2023
4.2 LED
4.2.1 Global Li-Fi market from LED, 2013 - 2023, (USD Million)
4.2.2 Global Li-Fi market from LED by region, 2013 - 2023, (USD Million)
4.3 Photodetectors
4.3.1 Global Li-Fi market from photodetectors, 2013 - 2023, (USD Million)
4.3.2 Global Li-Fi market from photodetectors by region, 2013 - 2023, (USD Million)
4.4 Microcontrollers (MCU)
4.4.1 Global Li-Fi market from microcontrollers, 2013 - 2023, (USD Million)
4.4.2 Global Li-Fi market from microcontrollers by region, 2013 - 2023, (USD Million)
Chapter 5 Li-Fi Application Insights
5.1 Global Li-Fi market share by application, 2015 & 2023
5.2 Automotive
5.2.1 Global demand in automotive, 2013 - 2023, (USD Million)
5.2.2 Global demand in automotive by region, 2013 - 2023, (USD Million)
5.3 Indoor networking
5.3.1 Global demand in indoor networking, 2013 - 2023, (USD Million)
5.3.2 Global demand in indoor networking by region, 2013 - 2023, (USD Million)
5.4 Aerospace
5.4.1 Global demand in aerospace, 2013 - 2023, (USD Million)
5.4.2 Global demand in aerospace by region, 2013 - 2023, (USD Million)
5.5 Healthcare
5.5.1 Global demand in healthcare, 2013 - 2023, (USD Million)
5.5.2 Global demand in healthcare by region, 2013 - 2023, (USD Million)
5.6 Intrinsically safe environments
5.6.1 Global demand in intrinsically safe environments, 2013 - 2023, (USD Million)
5.6.2 Global demand in intrinsically safe environments by region, 2013 - 2023, (USD Million)
5.7 Location based services (LBS)
5.7.1 Global demand in LBS, 2013 - 2023, (USD Million)
5.7.2 Global demand in LBS by region, 2013 - 2023, (USD Million)
5.8 Defense & Security
5.8.1 Global demand in defense & security, 2013 - 2023, (USD Million)
5.8.2 Global demand in defense & security by region, 2013 - 2023, (USD Million)
5.9 Underwater communications
5.9.1 Global demand in underwater communications, 2013 - 2023, (USD Million)
5.9.2 Global demand in underwater communications by region, 2013 - 2023, (USD Million)
Chapter 6 Li-Fi Regional Insights
6.1 Global Li-Fi market share by region, 2015 & 2023
6.2 North America
6.2.1 North America Li-Fi market estimates and forecast, 2013 - 2023
6.2.2 North America Li-Fi market, by component, 2013 - 2023
6.2.3 North America Li-Fi market, by application, 2013 - 2023
6.2.4 U.S.
6.2.4.1 U.S. Li-Fi market estimates and forecast, 2013 - 2023
6.2.4.2 U.S. Li-Fi market, by component, 2013 - 2023
6.2.4.3 U.S. Li-Fi market, by application, 2013 - 2023
6.3 Europe
6.3.1 Europe Li-Fi market estimates and forecast, 2013 - 2023
6.3.2 Europe Li-Fi market, by component, 2013 - 2023
6.3.3 Europe Li-Fi market, by application, 2013 - 2023
6.3.4 UK
6.3.4.1 UK Li-Fi market estimates and forecast, 2013 - 2023
6.3.4.2 UK Li-Fi market, by component, 2013 - 2023
6.3.4.3 UK Li-Fi market, by application, 2013 - 2023
6.3.5 Germany
6.3.5.1 Germany Li-Fi market estimates and forecast, 2013 - 2023
6.3.5.2 Germany Li-Fi market, by component, 2013 - 2023
6.3.5.3 Germany Li-Fi market, by application, 2013 - 2023
6.4 Asia Pacific
6.4.1 Asia Pacific Li-Fi market estimates and forecast, 2013 - 2023
6.4.2 Asia Pacific Li-Fi market, by component, 2013 - 2023
6.4.3 Asia Pacific Li-Fi market, by application, 2013 - 2023
6.5 Latin America
6.5.1 Latin America Li-Fi market estimates and forecast, 2013 - 2023
6.5.2 Latin America Li-Fi market, by component, 2013 - 2023
6.5.3 Latin America Li-Fi market, by application, 2013 - 2023
6.6 MEA
6.6.1 MEA Li-Fi market estimates and forecast, 2013 - 2023
6.6.2 MEA Li-Fi market, by component, 2013 - 2023
6.6.3 MEA Li-Fi market, by application, 2013 - 2023
Chapter 7 Competitor Profiles
7.1 Axrtek
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.2 Renesas Electronics Corporattion
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.3 Oledcomm S.A.S.
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.4 GE Lighting
7.4.1 Business Overview
7.4.2 Financial Data (General Electric)
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.5 IBSENtelecom Ltd.
7.5.1 Business Overview
7.5.2 Financial Data

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