6wresearch logo

Global Li-Fi Market To Grow At 115% CAGR During 2016-22

June 24, 2016

Though Li-Fi is an emerging technology, which is yet to be commercialized globally, but is anticipated to record exponential growth over the coming years. At present, Li-Fi market is still in the nascent stage and is confined to limited applications. Many companies, R&D institutes and education institutes have invested in this space to make the technology a global success.

According to 6Wresearch, Global Li-Fi (Light Fidelity) Market is projected to grow at a CAGR of 115 percent during 2016-22. Need for faster data transfer, growing LED lighting market, rising number of connected devices, increasing internet penetration coupled with mounting issue of RF Bandwidth spectrum crunch are spurring the market for Li-Fi systems globally. Li-Fi technology transfers data 100 times faster than traditional Wi-Fi network. During 2011-15, Li-Fi market was commercialized only for the use in unidirectional data transfer, however over the next six years, bidirectional data transfer is likely to commercialize.

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, "in Li-Fi system, LED lights controls major cost of the overall system followed by photo detectors. This technology is also gaining acceptance as LEDs consumes less energy and have long working life."

"In global Li-Fi application market, retail application has registered highest deployment, however during the forecast period street light application is expected to witness major growth in demand," Samuel further added.

According to Shefali Goel, Research Analyst, Research and Consulting, 6Wresearch, "Amongst all regions, European Li-Fi market contributes a major share in the market revenues. In Europe, major deployment can be witnessed in the areas of retail, museums, street light and transportation. Recently, Europe based Oledcomm bagged a contract to deploy Li-Fi system at 66 stations of Paris metro. Similar developments are expected in other regions such as North America, South America, Middle-East and Asia-Pacific in the coming future. Asia-Pacific region is exhibited to grow exponentially over the next six years owing to increasing spending on research and development projects pertaining to Li-Fi systems and expected user acceptance. "

"Although Li-Fi technology achieves significant data transfer rate but limited coverage is acting as a major constraint for its mass adoption at global level. With increasing research & development activities to transfer data through reflected lights, the underlying challenge can be overcome in the coming years," Shefali concluded.

The major companies in the Global Li-Fi market include- Acuity Brand Lighting, Inc, General Electric Company, Koninklijke Philips N.V, Lightbee Corp, LVX System Corp, PureLi-Fi Ltd and Oledcomm.

Media Source: CXO Today

      Browse More Report

India Solar Water Pumping System Market (2017-2022))

Market Forecast by Power Rating (Up to 3HP, 3.1 to 10HP and Above 10HP), Design Type (Surface and Submersible), Drive Type (AC Motor and DC Motor), Applications (Lift Irrigation and Others), Regions (North, South, East and West) and Competitive Landscape

Read More

India Router and Switch Market (2016-2022)

Market Forecast by Router Types (Wired and Wireless), Switch Types (Managed and Unmanaged), Verticals (Residential, MSME, Large Enterprise, Hospitality & Healthcare, Government, Transportation, Education, BFSI and Telecommunication), Regions (Northern, Western, Southern and Eastern), Specifications and Competitive Landscape

Read More

India Internet of Things Market (2016-2022)

According to 6Wresearch, India IoT market is projected to grow at a CAGR of 28.2% during 2016-22. For the growth of the overall market, smart cities project is expected to play vital role.

Read More

India Network Attached Storage (NAS) Systems Market (2016-2022)

Market Forecast by NAS Type (1 Bay, 2 Bay, 4 Bay and Others (5-24 Bay)), End Users (Home/SOHO and SME), Specifications Trend and Competitive Landscape

Read More

India Transport Air Conditioner and Refrigeration Market (2016-2022)

Market Forecast by Segments (Bus (12-20 Seater, 21-25 Seater, 26-35 Seater and 36-45 Seater), Rail (Indian Railway and Metro) and Truck (Milk and Dairy Products, Fruits And Vegetables, Meat & Fish and Pharmaceuticals & Chemicals)), Services (New Installation, Modernization and Maintenance), Regions (North, South, East and West) and Competitive Landscape

Read More

UAE Switchgear Market (2016-2022)

Market Forecast by Types (Air Insulated, Gas Insulated, Hybrid and Others), Voltage (Low, Medium and High), Verticals (Residential, Commercial, Industrial, Power Utilities and Infrastructure & Transportation) and Regions (Dubai, Abu Dhabi and Northern UAE) and Competitive Landscape

Read More

Australia Diesel Genset Market (2016-2022)

Market Forecast by KVA Ratings (5 KVA – 75 KVA, 75.1 KVA - 375 KVA, 375.1 KVA - 750 KVA, 750.1 KVA - 1000 KVA and Above 1000 KVA), Verticals (Residential, Telecom, Manufacturing, Mining, Hospitality, Service Sector and Others), Regions (New South Wales, Queensland, Victoria, Tasmania, Northern Territory, Southern Australia and Western Australia) and Competitive Landscape

Read More

GCC Construction Equipment Market (2016-2022)

By Equipment Types (Motor Grader, Earthmoving (Loader, Motor Grader, Crawler Dozer and Excavator) and Dump Trucks), Applications (Construction, Mining & Quarrying and Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain)

Read More


Our Key Clients
6wreserach client list