LiFi (Light Fidelity) Market to grow at a CAGR of 64.84% from 2022 to 2027, An increase in end-user applications will drive market growth - Technavio

NEW YORK, March 27, 2023 /PRNewswire/ -- The global LiFi (light fidelity) market size is estimated to increase by USD 7,325.58 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 64.84% during the forecast period. The increase in end-user applications is the leading trend in the global light fidelity market growth. Numerous sectors benefit from using light-fidelity systems. Additionally, LiFi also ensures a shift from RF communication in industrial sectors such as mining, oil and gas, and petrochemicals to eliminate any problem related to safety. The Walt Disney Company also plans to use these systems for communicating with toys. Thus, these applications will ensure the rapid adoption of LiFi technology in the consumer electronics sector during the forecast period.

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LiFi (light fidelity) market – Vendor Analysis
Vendor Landscape - The global LiFi (light fidelity) market is fragmented with the presence of several global as well as regional vendors. A few prominent vendors that offer LiFi (light fidelity) in the market are Acuity Brands Inc., Fujitsu Ltd., General Electric Co., Global LiFi Tech, Koninklijke Philips NV, KYOCERA corp., LIFX, LightBee SL, Lucibel SA, Luciom, LumEfficient Lighting Corp., LVX System, nextLiFi, Oledcomm, pureLiFi Ltd., Signify NV, Velmenni, VLNComm Inc., Wipro Ltd., and Zero1 Pte Ltd. and others.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• Acuity Brands Inc. - The company offers LiFi services such as eldoLED ECOdrive. 
• Fujitsu Ltd. - The company offers LiFi solutions such as LED Lighting Technology that Shines Data on Objects. 
• General Electric Co. - The company offers LiFi services such as LED plus Linkable Motion. 
• For details on vendors and their offerings – Request a sample report

LiFi (Light Fidelity) Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on application (indoor networking, LBS, IFCE, underwater communication, and others), end-user (retail, consumer electronics, automotive and transportation, healthcare, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

• The market share growth by the indoor networking segment will be significant for the global market growth during the forecast period. The segment is expected to grow rapidly during the forecast period. The retail and hospitality industries use indoor networking systems to enhance the shopping and service experience of customers and improve the value that they deliver. Due to the intrinsic characteristics of light, the light fidelity network is more secure, more power-efficient, and can provide higher network data transmission rates than radio frequency communications. The adoption of this technology, along with indoor position apps, is estimated to improve the targeted advertising of retailers and enhance sales. The rapid increase in the use of LEDs and their ability to perform dual functions of illumination as well as communication provides a unique opportunity for LiFi to be used for indoor lighting. Furthermore, low data rates and the use of existing infrastructure help in cost reduction considerably. 

Geography Overview
By geography, the global LiFi (light fidelity) market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global LiFi (light fidelity) market.

• North America is estimated to contribute to 38% of the growth of the global market during the forecast period. The use of radiofrequency for WiFi has created a severe spectrum crunch in North America, which has led to a decline in the bandwidth offered, thus affecting high-speed communications. Hence, the new disruptive light fidelity (LiFi) technology is expected to take over the WiFi market in applications such as horticultural lighting, industrial and commercial, and marine lighting. Hence, the demand for faster and safer wireless communication in the region will likely drive the adoption of this technology in the region.

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LiFi (Light Fidelity) Market – Market Dynamics

Leading Drivers - 

An increase in end-user applications is a major factor that has the potential to drive the growth of the global light fidelity market. LiFi is a new wireless data transfer technology, which is significantly fast and ensures better security than any other competing technology. This technology is used in offices requiring a secure and very fast network for exchanging, transferring, and sending files. LiFi utilizes light waves whereas WiFi uses radio waves. LiFi uses LED lights that can quickly transfer data from and to supported devices. Furthermore, the use of light fidelity is safe because it does not use radio frequencies that may harm nature and people.

Major challenges - 

The dominance of competing technologies is a major challenge that may impede the growth of the global light fidelity market. WiFi and WiMAX technology-based devices have dominated the communications industry for decades and have replaced analog and digital technologies used in various sectors. Smart systems, such as smart homes, connected cars, smart manufacturing, and smart grid management, have gained momentum due to the introduction of high-speed internet services from leading Internet service providers, such as AT and T, Comcast, Sprint, and Verizon. Hence, the introduction of various competing technologies may impede the growth of the market in focus during the forecast period.

Drivers, Trends, & Challenges are the factor of market dynamics, which can impact businesses. Find more insights from a sample report!

What are the key data covered in this LiFi (Light Fidelity) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the LiFi (light fidelity) market between 2023 and 2027
• Precise estimation of the size of the LiFi (light fidelity) market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the LiFi (light fidelity) market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of LiFi (light fidelity) market vendors

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Table of Contents     

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global LiFi market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global LiFi market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Indoor networking - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Indoor networking - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Indoor networking - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Indoor networking - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Indoor networking - Year-over-year growth 2022-2027 (%)

• 6.4 LBS - Market size and forecast 2022-2027 
• Exhibit 38: Chart on LBS - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on LBS - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on LBS - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on LBS - Year-over-year growth 2022-2027 (%)

• 6.5 IFCE - Market size and forecast 2022-2027 
• Exhibit 42: Chart on IFCE - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on IFCE - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on IFCE - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on IFCE - Year-over-year growth 2022-2027 (%)

• 6.6 Underwater communication - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Underwater communication - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Underwater communication - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Underwater communication - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Underwater communication - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 57: Chart on Comparison by End-user
• Exhibit 58: Data Table on Comparison by End-user

• 7.3 Retail - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Retail - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Retail - Year-over-year growth 2022-2027 (%)

• 7.4 Consumer electronics - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)

• 7.5 Automotive and transportation - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)

• 7.6 Healthcare - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 79: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 81: Chart on Market share by geography 2022-2027 (%)
• Exhibit 82: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 83: Chart on Geographic comparison
• Exhibit 84: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 89: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 97: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 117: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 118: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 119: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 120: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 121: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 122: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 123: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 124: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 125: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 126: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 127: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 128: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 129: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 130: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 131: Matrix on vendor position and classification

• 12.3 Acuity Brands Inc.
• Exhibit 132: Acuity Brands Inc. - Overview
• Exhibit 133: Acuity Brands Inc. - Business segments
• Exhibit 134: Acuity Brands Inc. - Key news
• Exhibit 135: Acuity Brands Inc. - Key offerings
• Exhibit 136: Acuity Brands Inc. - Segment focus

• 12.4 Fujitsu Ltd.
• Exhibit 137: Fujitsu Ltd. - Overview
• Exhibit 138: Fujitsu Ltd. - Business segments
• Exhibit 139: Fujitsu Ltd. - Key news
• Exhibit 140: Fujitsu Ltd. - Key offerings
• Exhibit 141: Fujitsu Ltd. - Segment focus

• 12.5 General Electric Co.
• Exhibit 142: General Electric Co. - Overview
• Exhibit 143: General Electric Co. - Business segments
• Exhibit 144: General Electric Co. - Key news
• Exhibit 145: General Electric Co. - Key offerings
• Exhibit 146: General Electric Co. - Segment focus

• 12.6 Global LiFi Tech
• Exhibit 147: Global LiFi Tech - Overview
• Exhibit 148: Global LiFi Tech - Product / Service
• Exhibit 149: Global LiFi Tech - Key offerings

• 12.7 Koninklijke Philips NV 
• Exhibit 150: Koninklijke Philips NV - Overview
• Exhibit 151: Koninklijke Philips NV - Business segments
• Exhibit 152: Koninklijke Philips NV - Key news
• Exhibit 153: Koninklijke Philips NV - Key offerings
• Exhibit 154: Koninklijke Philips NV - Segment focus

• 12.8 KYOCERA corp.
• Exhibit 155: KYOCERA corp. - Overview
• Exhibit 156: KYOCERA corp. - Business segments
• Exhibit 157: KYOCERA corp. - Key news
• Exhibit 158: KYOCERA corp. - Key offerings
• Exhibit 159: KYOCERA corp. - Segment focus

• 12.9 Lucibel SA
• Exhibit 160: Lucibel SA - Overview
• Exhibit 161: Lucibel SA - Product / Service
• Exhibit 162: Lucibel SA - Key offerings

• 12.10 LumEfficient Lighting Corp. 
• Exhibit 163: LumEfficient Lighting Corp. - Overview
• Exhibit 164: LumEfficient Lighting Corp. - Product / Service
• Exhibit 165: LumEfficient Lighting Corp. - Key offerings

• 12.11 LVX System
• Exhibit 166: LVX System - Overview
• Exhibit 167: LVX System - Product / Service
• Exhibit 168: LVX System - Key offerings

• 12.12 nextLiFi
• Exhibit 169: nextLiFi - Overview
• Exhibit 170: nextLiFi - Product / Service
• Exhibit 171: nextLiFi - Key offerings

• 12.13 Oledcomm
• Exhibit 172: Oledcomm - Overview
• Exhibit 173: Oledcomm - Product / Service
• Exhibit 174: Oledcomm - Key offerings

• 12.14 pureLiFi Ltd.
• Exhibit 175: pureLiFi Ltd. - Overview
• Exhibit 176: pureLiFi Ltd. - Product / Service
• Exhibit 177: pureLiFi Ltd. - Key offerings

• 12.15 Signify NV
• Exhibit 178: Signify NV - Overview
• Exhibit 179: Signify NV - Business segments
• Exhibit 180: Signify NV - Key news
• Exhibit 181: Signify NV - Key offerings
• Exhibit 182: Signify NV - Segment focus

• 12.16 Velmenni
• Exhibit 183: Velmenni - Overview
• Exhibit 184: Velmenni - Product / Service
• Exhibit 185: Velmenni - Key offerings

• 12.17 Zero1 Pte Ltd.
• Exhibit 186: Zero1 Pte Ltd. - Overview
• Exhibit 187: Zero1 Pte Ltd. - Product / Service
• Exhibit 188: Zero1 Pte Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 189: Inclusions checklist
• Exhibit 190: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 191: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 192: Research methodology
• Exhibit 193: Validation techniques employed for market sizing
• Exhibit 194: Information sources

• 13.5 List of abbreviations 
• Exhibit 195: List of abbreviations

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