Li-Fi Market Size, Share, Opportunities, And Trends By Component (LED Lamp, Photodiode, PCB, Others), By Application (Automotive, Military and Defence, Underwater Communication, Aerospace and aviation, Healthcare, Indoor Networking, Retail, Electronics, Others), And By Geography - Forecasts From 2023 To 2028

Li-Fi Market is projected to grow at a CAGR of 44.38% to reach US$4.252 billion in 2030 from US$0.678 billion in 2025.

Light fidelity, or Li-Fi, is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. It employs LED bulbs, which are commonly used in many energy-efficient devices; however, these LED bulbs are outfitted with a chip that modulates the light imperceptibly for optical data transmission. Li-Fi data is transmitted by the LED bulb and is received by photoreceptors. The advances in the Internet of Things and the emergence of 5G are increasing the burden on the RF spectrum, which is rapidly increasing the demand for Li-Fi-based communication. The reason for its appeal is the unlimited capacity of visible light, which is several times greater than the radio signal currently used in Wi-Fi. It offers the potential to be much more energy-efficient and far cheaper, primarily because of the nature of LED bulbs and the fact that the infrastructure supporting them is already in place.

The LED component is contributing to a significant share of the revenue. These LEDs can be switched on or off to generate a digital string of binary numbers. The data can be encoded in the light using combinations of red, green, and blue LEDs by varying flickering rates to alter the light frequency. Moreover, the demand for LEDs is growing during the forecast period due to their energy-efficient capabilities.

North America is dominating the market share due to the presence of various research and development facilities in the region and investment in implementing this technology by major regional companies. Asia Pacific is growing significantly due to the large electronic market in China and Japan, as well as the presence of several developing countries where governments are promoting the use of LED lights. Europe is offering a strong platform for market growth as its already established infrastructure provides great potential across the region.

The global Li-Fi market is segmented on the basis of component, application, and geography. Based on component, the market includes LED, photodetector, and microcontroller. Furthermore, the market is categorized on the basis of application, which includes automotive, military and defense, underwater communication, aerospace and aviation, healthcare, indoor networking, retail, electronics, and others.

The Li-Fi market report deep dives into the global industry landscape and provides strategic and executive-level insights complemented by data-driven analysis and forecasts. The report is updated regularly to help the decision-makers with actionable intelligence into the current market trends, emerging opportunities, and competitive intelligence.   It explores the demand for Li-Fi technology across various applications, such as automotive, military and defence, underwater communication, aerospace and aviation, healthcare, indoor networking, retail, electronics, and its adoption across different geographies. The latest technological advancements in the Li-Fi sector, along with key government policies and regulations and macroeconomic factors, are also analyzed to present a holistic view of the market.

Li-Fi Market Segmentations:

Li-Fi Market Segmentation by component:

The report analyzes the Li-Fi market by component as below:

• LED Lamps
• Optical Sensors
• Microcontrollers
• Software
• Others

Li-Fi Market Segmentation by transmission type:

The Li-Fi market is analyzed by transmission type into the following:

• Unidirectional
• Bidirectional

Li-Fi Market Segmentation by application:

The report analyzes the Li-Fi market by applications as below:

• Automotive
• Military and Defence
• Underwater Communication
• Aerospace and aviation
• Healthcare
• Indoor Networking
• Retail
• Electronics
• Others

Li-Fi Market Segmentation by regions:

The study also analyzed the Li-Fi market into the following regions, with country-level forecasts and analysis as below:

• North America (United States, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (United Kingdom, Germany, France, Spain and Others)
• Middle East and Africa (Saudi Arabia, UAE and Others)
• Asia Pacific (China, Japan, India, South Korea, Taiwan, Thailand, Indonesia, and Others)

Li-Fi Market Competitive Landscape:

The Li-fi market is marked by the presence of key players such as Signify Holding BV, Panasonic Corporation, PureLiFi Ltd, LVX System, and Oledcomm SAS, among others.

Li-Fi Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Li-fi market size, forecasts, and trends by different components, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Li-fi market size, forecasts, and trends by transmission type, with historical revenue data and analysis.
• Li-fi market size, forecasts, and trends by application segment, with historical revenue data and analysis across various end-user segments.
• The Li-fi market is also analyzed across different regions, with historical data, regional share, attractiveness, and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario, and other complementary factors aiding in market growth.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge. 
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the Li-fi market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and email for timely clarification and incorporating additional requests. 
• Option of presentation or doc format with the estimates file to take care of diverse requirements. 
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings. 
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. LI-FI MARKET BY COMPONENT

5.1. Introduction

5.2. LED Lamps

5.3. Optical Sensors

5.4. Microcontrollers

5.5. Software

5.6. Others

6. LI-FI MARKET BY TRANSMISSION TYPE

6.1. Introduction

6.2. Unidirectional

6.3. Bidirectional

7. LI-FI MARKET BY APPLICATION

7.1. Introduction

7.2. Automotive

7.3. Military and Defence

7.4. Underwater Communication

7.5. Aerospace and aviation

7.6. Healthcare

7.7. Indoor Networking

7.8. Retail

7.9. Electronics

7.10. Others

8. LI-FI MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Signify Holding BV

10.2. Panasonic Corporation

10.3. PureLiFi Ltd

10.4. LVX System

10.5. Oledcomm SAS

10.6. Slux

10.7. Kyocera SLD Laser Inc. 

10.8. Velmenni

10.9. Lightbee Corp.

10.10. Renesas Electronics Corporation

10.11. ZERO.1

10.12. Spectrum Networks LLC

10.13. IDRO Co. Ltd

10.14. To Be Srl

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Signify Holding BV

Panasonic Corporation

PureLiFi Ltd

LVX System

Oledcomm SAS

Slux

Kyocera SLD Laser Inc. 

Velmenni

Lightbee Corp.

Renesas Electronics Corporation

ZERO.1

Spectrum Networks LLC

IDRO Co. Ltd

To Be Srl