Light Fidelity (Li-Fi)/Visible Light Communication Market Trends That Will Shape the Next Decade: Insights from Rapid Technological Advancements Drive Growth In The Light Fidelity (Li-Fi)

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How Large Will the Light Fidelity (Li-Fi)/Visible Light Communication Market Size By 2025?
In recent times, the market size of light fidelity (li-fi)/visible light communication has witnessed remarkable growth. Its market valuation is estimated to escalate from $560.87 billion in 2024 to a massive $1210.11 billion in 2025, marking a compound annual growth rate (CAGR) of 115.8%. This growth during the historic period is largely due to the soaring demand for high-speed data transmission, scarcity of radio spectrum, concerns over data safety, the necessity for internet of things (IoT) connectivity, worries about energy efficiency, and the need for improved data transfer in certain environments.

How Big Is the Light Fidelity (Li-Fi)/Visible Light Communication Market Size Expected to Grow by 2029?
The market size of light fidelity (li-fi)/visible light communication is projected to undergo massive growth in the following years, surging to $28390.03 billion in 2029 at a compound annual growth rate (CAGR) of 120.1%. The predicted growth during the forecast period is primarily due to factors such as integration and coexistence with 5g, smart city programs, enhanced connectivity in the retail and hospitality sectors, healthcare communication solutions, and deployments in educational institutions and workplaces. Key trends expected during the predicted period include 5g network integration, application of li-fi in healthcare, retail and indoor navigation, secure communication, automotive connectivity, and sustainable connectivity.

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Which Key Market Drivers Powering Light Fidelity (Li-Fi)/Visible Light Communication Market Expansion and Growth?
The anticipated growth of the light fidelity (Li-Fi)/visible light communication market is likely to be spurred by escalating worries about cyber security. Cyber security encompasses the protection of electronic systems, computers, mobile devices, networks and data against harmful attacks. Utilising visible light for data transmission, Li-Fi is deemed to offer higher security levels than its predecessors since the security has been inherently integrated into the channel. Consequently, the growing apprehension regarding cyber security boosts the demand for the (Li-Fi)/visible light communication market. For instance, the Department of Defence Australia, a government department based in Australia, reported that during the fiscal year 2022-2023, the Australian Cyber Security Centre received more than 94,000 cybercrime reports. This is a noteworthy increase of 23 percent from the preceding year, 2021-22. Therefore, the rising anxiety about cyber security is a significant driver for the light fidelity (Li-Fi)/visible light communication market.

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Which Fast-Growing Trends Are Poised to Disrupt the Light Fidelity (Li-Fi)/Visible Light Communication Market?
Technological progress is a prominent trend gaining momentum in the light fidelity (Li-Fi)/visible light communication market. Major firms in this sector are focusing on creating new technological solutions to cater to client demands. For example, in May 2022, Signify, a company based in the Netherlands that operates in the Light fidelity (Li-Fi) Visible light communication field, introduced Trulifi, a selection of commercially available LiFi systems, including the quickest and most reliable systems globally. This product offers distinct features such as employing a light source to provide incredibly reliable, secure two-way wireless communications, and it incorporates Philips luminaires utilizing optical wireless transceiver technology. This means that users can receive outstanding lighting and wireless connectivity without having to dismantle and substitute their existing lighting framework. It also enables wireless connectivity across expansive spaces, like conference rooms and office floors, at speeds of up to 150 Megabits per second (Mbps), a speed rapid enough to concurrently stream 30 1080p HDTV movies.

What Are the Emerging Segments in the Light Fidelity (Li-Fi)/Visible Light Communication Market?
The light fidelity (li-fi)/visible light communicationmarket 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Light Fidelity (Li-Fi)/Visible Light Communication Industry?
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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