Worldwide Li-Fi Market Key Players - General Electric (U.S.),Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc. (U.S.), LightBee Corporation (U.S.)

Market Scenario:

Major companies like General Electric and Philips are investing into Li-Fi market due to increasing number of internet users and growing demand for high speed data transmission. Other companies like LightBee and Velmenni are coming up with innovative solutions to drive the growth of Li-Fi market. LightBee implies automotive control access and Car2car communications modules associated with the vehicle led lights and the vehicle unit control or other vehicle led car. So wireless communication can be established by means of LED light for security distance purposes, reporting car to car traffic incidents, or simply as a personal garage control access. Whereas, Oledcomm is a leading provider of Li-Fi network interface devices enabling high-speed wireless data communication using the LED lighting network. They design and manufacture Li-Fi router solutions for LED based lighting systems.

North America region holds the largest market share of global Li-Fi market followed by Asia Pacific and Europe. The market in North America region is mainly dominated by the U.S. and Canada and is attributed to the increasing demand for energy efficient devices and increasing demand for high speed communication in the region. The region also has a well-established infrastructure which allows easy implementation of advanced technologies and provides better connectivity.

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Li-Fi market has been segmented on the basis of component, application and end user. The component segment is further bifurcated into LED, optical sensing, microcontroller, photo detector and others. Optical wireless technology is enhancing the Li-Fi market by transferring data at a faster rate. The information carried through wireless optical network is much faster as compared to other channels. The most important advantage of using wireless optical network is that, the frequency penetrates through wall and feasibility of installing these networks anywhere is boosting the utilization of wireless optical network in Li-Fi market.

The global Li-Fi market is expected to grow at approx. USD 51 Billion by 2023, at 70% of CAGR between 2017 and 2023.

Key Players:

The prominent players in Li-Fi market are – General Electric (U.S.), Koninklijke Philips N.V. (the Netherlands), Oledcomm (France), PureLiFi Limited (U.K), Panasonic Corporation (Japan), Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc. (U.S.), Velmenni (Tartu), LightBee Corporation (U.S.), FSONA Networks (U.K) and others.

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Segments:

Li-Fi market can be segmented on the basis of following:

By Component

LED
Optical Sensing
Microcontroller
Photo Detector
Others
By Application

Smartphone
Standalone Tracker
Advance Tracker
Others
By End User

Aerospace & Defense
Healthcare
Education
Transportation
Automotive
Consumer Electronics
Retail
Government
Others

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