Li-Fi Market Size

Li-Fi (Light Fidelity) Market size was valued at USD 721.71 million in 2024 and is likely to cross USD 280.57 billion by 2037, expanding at more than 58.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of Li-Fi is estimated at USD 1.07 billion.

The growth of the market can be attributed to the growing need for high-speed data transfer, rising advent of internet of things (IoT), and increasing initiatives by government for energy management in the ICT sector. It is calculated that approximately 31 billion IoT units will be installed by the year 2025. In 2019, there were more than 600 IoT platforms existing around the world. Furthermore, Li-Fi is capable of offering several advantages over current Wi-Fi technologies such as low power consumption, faster data transmission, improved data security and minimal electromagnetic interference, which in turn is projected to boost the demand for light fidelity in the forthcoming years. In addition, growing implementation of smart city projects in emerging economies worldwide is expected to provide ample growth opportunities to the market in the near future.