Li-Fi Market Analysis

The market is segmented by component into LED, photo detector and microcontroller, out of which, the LED segment is anticipated to hold the largest share in the global Li-Fi (light fidelity) market on account of wide promotion of usage of LED by governments of various countries owing to its lower power consumption and zero harmful emissions. Additionally, on the basis of application, the indoor segment is assessed to observe notable growth over the forecast period, which can be credited to the growing accommodation in smart buildings, and increasing application of Li-Fi in location-based services, indoor lighting and wireless data communication. Along with this, growing number of collaborations among companies to offer unprecedented Li-Fi solutions in indoor spaces is also assessed to drive growth to this market segment in the future.

Our in-depth analysis of the global market includes the following segments:

Component

LED
Photo Detector
Microcontroller

Application

Indoor
Outdoor

End User

Retail
Healthcare
Electronics
Automotive
Aerospace
Defense & Security

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of Li-Fi is estimated at USD 668.61 million.

Li-Fi (Light Fidelity) Market size was valued at USD 456.2 million in 2023 and is likely to reach USD 177.35 billion by 2036, expanding at around 58.2% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by increasing requirement for high-speed data transfer and growing emergence of IoT technology.

Asia Pacific is set to hold largest revenue share by 2036, on the back of growing number of government initiatives to improve the telecommunication infrastructure, increasing manufacturing base and robust growth of electronics industry.

The major players in the market are LVX System, Signify Holding BV, pureLiFi Ltd, Lucibel SA, Oledcomm SAS, and others.

Li-Fi Market Analysis