Light fidelity (Li-Fi) is the wireless communication between devices using light signals. It has several advantages over traditional Wi-Fi, such as lower power consumption, security, and range. It can be used in buildings, cars, and other mobile objects to send data over a short distance without the need for wires or cables. It operates in the visible light spectrum, as well as in ultraviolet and infrared wavelengths. It can also transmit data over several floors in a building, even through walls. Li-Fi has a number of limitations, however, including its ability to only travel within line of sight and the fact that it can’t pass through windows.

Market Dynamics:

The growing demand for advanced and secure wireless network communications is expected to drive growth of the global light fidelity (Li-Fi) market over the forecast period. The market is gaining popularity because it offers several benefits over conventional radio frequency (RF) communications, such as higher transmission rates, reduced energy consumption, and increased data security. 

However, restricted connectivity and network along with lack of awareness is expected to hinder growth of the global light fidelity (Li-Fi) market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global light fidelity (Li-Fi) market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global light fidelity (Li-Fi) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Panasonic Corporation, Koninklijke Philips NV, Renesas Electronics Corporation, Siemens AG, Velmenni, Zero1 Pte Ltd., PureLi-Fi, Oledcomm, LightBee Corp., and IDRO Co. Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global light fidelity (Li-Fi) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global light fidelity (Li-Fi) market

Detailed Segmentation:

• Global Light Fidelity (Li-Fi) Market, By Application:
  • Indoor
  • Outdoor
• Global Light Fidelity (Li-Fi) Market, By Geography:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Panasonic Corporation
  • Koninklijke Philips NV
  • Renesas Electronics Corporation
  • Siemens AG
  • Velmenni
  • Zero1 Pte Ltd
  • PureLi-Fi
  • Oledcomm
  • LightBee Corp.
  • IDRO Co. Ltd