Li-Fi Market Trend, Growth Analysis and Industry Forecast 2027

Li-Fi Market Analysis

Market Research Future (MRFR) presumes the global Li-Fi Market size to reach USD 51 Billion at 70% CAGR from 2017-2024 (forecast period).

Li-Fi Market Segmentation

The global Li-Fi market has been segmented into components and applications.

By component, the global Li-Fi market has been segmented into LED, Optical Sensing, Microcontroller, Photo Detector.

By application, the global Li-Fi market has been segmented into Smartphone, Standalone Tracker, and Advance Tracker.

Regional Analysis

North America to Dominate the Global Market

Due to the strong need for energy-efficient devices and high-speed communication, North America is likely to lead the worldwide Li-Fi market. Infrastructure development and the application of modern technologies with greater connectivity for improved connectivity can boost market expansion in the region. The United States and Canada are the countries best positioned to contribute the most to the market. The development of green buildings, as well as the growth in the shelf-life of LEDs, may stimulate the development of commercial schematics.

Key Players

Oledcomm (France), Panasonic Corporation (Japan), Koninklijke Philips N.V. (the Netherlands), PureLiFi Limited (U.K), LightPointe Communications, Inc. (U.S.), LightBee Corporation (U.S.), Velmenni (Tartu), FSONA Networks (U.K), Acuity Brands, Inc. (U.S.), General Electric (U.S.), and others are key players in the global Li-Fi market.