LIFI Market Worldwide Industry Analysis, Future Demand and Forecast till 2028

The Light fidelity (Li-Fi)/Visible Light communication market is expected to grow at a CAGR of 116.8% during the forecast period 2022-2028. Li-Fi technology facilitates high-speed two-way communication via a wireless channel using the visible light spectrum in a closed controlled environment such as a hospital, an airplane, a shopping complex, an office and a vehicle, among others. It is used to ensure communication between electronic devices using visible light communication or VLC technology. The use of VLC systems can be particularly observed in lighting installations such as LED bulbs.

Company Profile

• Oledcomm S.A.S.
• Renesas Electronics Corporation
• PureLiFi ltd.
• Lvx System
• Acuity Brands
• Qualcomm Technologies, Inc.
• IBSENtelecom ltd.
• Koninklijke Philips NV

Market Segmentation

By Component

• LED
• Photodetectors
• Microcontrollers (MCU)

By Industry Vertical

• Retail
• Electronics

Scope of the Report

The research study analyzes the LIFI Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by LIFI Market Report

1. What was the LIFI Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of LIFI Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the LIFI Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the LIFI Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the LIFI
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the LIFI
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the LIFI Market.