Light Fidelity (Li-Fi)/Visible Light Communication Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Light Fidelity (Li-Fi)/Visible Light Communication Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Light Fidelity (Li-Fi)/Visible Light Communication Market Size and Projected Growth Rate?
Over the recent years, the market size for light fidelity (Li-Fi)/visible light communication has expanded significantly. It's expected to escalate from $560.87 billion in 2024 to $1215.15 billion in 2025, with an extraordinary compound annual growth rate (CAGR) of 116.7%. The historical growth is credited to factors such as the growing need for rapid data transmission, shortage of radio spectrum, apprehension over data security, the necessity for connectivity in the internet of things (IoT), concerns regarding energy efficiency, and the need for improved data transfer in specific settings.

Over the subsequent years, the Li-Fi/visible light communication industry is poised for remarkable expansion. The market is projected to develop to a worth of $28829.77 billion by 2029 with a CAGR of 120.7%. This notable growth during the anticipated period could be credited to factors like integration and coexistence with 5G, smart city projects, enhanced retail and hospitality connectivity, communication solutions in healthcare, as well as establishment in educational and office settings. Over the forecast period, top trends include 5G networks' integration, utilization of Li-Fi in healthcare and retail sectors, indoor navigation, secured communication via Li-Fi, Li-Fi in automobile connectivity, and its application for sustainable connectivity.

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What Are the Different Light Fidelity (Li-Fi)/Visible Light Communication Market Segments?
The light fidelity (Li-Fi)/visible light communication market covered in this report is segmented -

1) By Component: LED, Photodetectors, Microcontrollers (MCU)
2) By Transmission Type: Unidirectional, Bidirectional
3) By Application: Indoor Networking, LBS (Location Based Services), In-Flight Communication And Entertainment, Underwater Communication, Other Applications
4) By Industry Vertical: Retail, Electronics, Defense And Security, Automotive And Transport, Aerospace And Aviation, Healthcare, Other Industry Verticals

Subsegments:
1) By LED: Standard LEDs, OLEDs (Organic LEDs), RGB LEDs
2) By Photodetectors: Photodiodes, Avalanche Photodiodes, Phototransistors
3) By Microcontrollers (MCU): General-Purpose MCUs, Application-Specific MCUs

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What Are the Primary Drivers Shaping the Light Fidelity (Li-Fi)/Visible Light Communication Market?
The escalating worries about cyber security are predicted to fuel the expansion of the light fidelity (Li-Fi)/visible light communication market. Cyber security involves the protection of computers, servers, mobile gadgets, electronic frameworks, networks, and data against harmful assaults. Li-Fi, which utilizes visible light for data transmission, is regarded as safer than its predecessors since security has been integrated into the channel itself. Thus, escalating cyber security anxieties boost the demand for the (Li-Fi)/visible light communication market. For example, the Department of Defence Australia, a government department based in Australia, reported on November 20, 2023, that the Australian Cyber Security Centre received beyond 94,000 cybercrime reports during the financial year 2022-2023. This indicates a 23 percent surge compared to the preceding year, 2021-22. As such, the escalating worries about cyber security are propelling the growth of the light fidelity (Li-Fi)/visible light communication market.

Which Companies Are Leading in the Light Fidelity (Li-Fi)/Visible Light Communication Market?
Major companies operating in the light fidelity (Li-Fi)/visible light communication market include General Electric Company, Oledcomm SA, Renesas Electronics Corporation, PureLiFi Ltd., Lvx System GmbH, Acuity Brands Lighting Inc., IBSENtelecom Ltd., Koninklijke Philips N.V., Panasonic Holdings Corporation, Qualcomm Technologies Inc., Firefly Wireless Networks LLC, Velmenni Oy, Visilink Technologies Inc., Signify Holding B.V., VLNComm Inc., LumEfficient Inc., Plaintree Systems Inc., Casio Computer Co. Ltd., Axrtek Co. Ltd., Lightbee Corporation, LightPointe Communications Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Air France - KLM Group, Airbus SE, Audi AG, The Boeing Company, Continental AG, Daimler AG, Delta Air Lines Inc., Emirates Airline, Etihad Airways PJSC, Ford Motor Company

What Are the Major Trends Shaping the Light Fidelity (Li-Fi)/Visible Light Communication Market?
The light fidelity (Li-Fi)/visible light communication market is witnessing growing interest due to technological innovations. Key players in this sphere are concentrating on introducing new groundbreaking solutions to cater to consumer needs. As a case in point, Signify, a company based in the Netherlands focusing on Light fidelity (Li-Fi) Visible light communication, unveiled Trulifi in May 2022, a range of commercially available LiFi systems comprising some of the fastest and most reliable systems worldwide. What sets this product apart is its use of a light source to deliver highly secure, dependable two-way wireless communications. It integrates with Philips luminaires using optical wireless transceiver technology, meaning customers can enjoy exceptional illumination and wireless connectivity without the need to overhaul their existing lighting infrastructure. Additionally, it offers wireless connectivity in large spaces, like conference rooms and office floors, with speeds reaching up to 150 Mbps, fast enough to stream 30 1080p HDTV films simultaneously.

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What Are the Top Revenue-Generating Geographies in the Light Fidelity (Li-Fi)/Visible Light Communication Market?
North America was the largest region in light fidelity (Li-Fi) /visible light communication in 2024. Asia-Pacific is expected to be the fastest-growing region in the light fidelity Li-Fi visible light communication market report during the forecast period. The regions covered in the light fidelity (Li-Fi)/visible light communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Light Fidelity (Li-Fi)/Visible Light Communication Market?
2. What is the CAGR expected in the Light Fidelity (Li-Fi)/Visible Light Communication Market?
3. What Are the Key Innovations Transforming the Light Fidelity (Li-Fi)/Visible Light Communication Industry?
4. Which Region Is Leading the Light Fidelity (Li-Fi)/Visible Light Communication Market?

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