2025-2034 Light Fidelity (Li-Fi)/Visible Light Communication Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Light Fidelity (Li-Fi)/Visible Light Communication Market Through 2025?
The market size of light fidelity (Li-Fi)/visible light communication has witnessed a prolific increase in recent times. It's projected that it will rise from $560.87 billion in 2024 to $1215.15 billion in 2025, indicating a compound annual growth rate (CAGR) of 116.7%. The growth during the historical phase is majorly due to the escalating demand for data transmission at high-speed, the scarcity of radio spectrum, concerns regarding data security, need for internet of things (IoT) connectivity, issues related to energy efficiency, and enhanced data transfer in certain environments.

What's the Projected Size of the Global Light Fidelity (Li-Fi)/Visible Light Communication Market by 2029?
An impressive surge in growth is expected in the light fidelity (Li-Fi)/visible light communication market in the forthcoming years. The market is projected to escalate to a value of $28829.77 billion in 2029, with a compound annual growth rate (CAGR) of 120.7%. Factors contributing to this predicted growth during the forecast period include integration and coexistence with 5g, smart city initiatives, enhanced connectivity in sectors like retail and hospitality, solutions for healthcare communication, and deployments in educational institutions and workplaces. The anticipated trends for the aforementioned period encompass amalgamation with 5g networks, usage of li-fi in healthcare, retail and indoor navigation sectors, li-fi as a mode of secure communication, its application in automotive connectivity, and its utility for sustainable connectivity.

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Top Growth Drivers in the Light Fidelity (Li-Fi)/Visible Light Communication Industry: What's Accelerating the Market?
The escalating apprehension about cyber security is anticipated to boost the growth of the light fidelity (Li-Fi)/visible light communication market. Cyber security involves protecting computers, servers, mobile devices, electronic systems, networks, and data from harmful attacks. Li-Fi employs visible light to transmit data and is viewed as more secure compared to its predecessors due to its on-built security system in the channel. As a result, the growing worry over cyber security boosts the demand for the Li-Fi/visible light communication market. For example, the Department of Defence Australia, a government department, reported on November 20, 2023, that during the financial year 2022-2023, the Australian Cyber Security Centre recorded over 94,000 cyber crime incidents, showing a 23 percent rise from the prior year, 2021-22. Hence, the increasing worry over cyber security is catalyzing the expansion of the light fidelity (Li-Fi)/visible light communication market.

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What Trends Will Shape the Light Fidelity (Li-Fi)/Visible Light Communication Market Through 2029 and Beyond?
A prominent trend rising in prominence in the light fidelity (Li-Fi)/visible light communication industry is technological advancements. Major corporations in the Li-Fi/visible light communication field are putting their focus on creating new tech solutions that cater to consumer needs. For example, in May 2022, Signify, a company based in Netherlands that operates in the Li-Fi/visible light communication sector, introduced Trulifi, a range of LiFi systems available for commercial use. These include some of the fastest and most reliable systems globally. The product stands out with unique features, such as utilizing a light source to offer very dependable, secure bidirectional wireless communications. It comprises Philips luminaires which use optical wireless transceiver technology. This suggests that customers can secure excellent lighting and wireless connectivity without needing to dismantle and substitute their existing lighting structure. It further offers wireless connectivity across large spaces, like conference halls and office areas, with speeds reaching up to 150 Mbps. This speed is sufficient for streaming 30 1080p HDTV films simultaneously.

What Are the Main Segments in the Light Fidelity (Li-Fi)/Visible Light Communication Market?
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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Which Top Companies are Driving Growth 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

Which Regions Will Dominate the Light Fidelity (Li-Fi)/Visible Light Communication Market Through 2029?
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

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