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Optical Wireless Communication and Li-Fi Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-11-13   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8213 |  Industry: Internet & Communication  |   Format : pdf word ppt excel



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The Optical Wireless Communication and Li-Fi market is expected to benefit from growing demand for connectivity and high-speed data communication. As the world is moving towards the era of the internet of things (IoT) and 5G/6G, the need for wireless networks for data communication is growing. This eventually calls for Li-Fi or light fidelity, which is a wireless communication technology that utilizes light waves to offer an internet connection. It is faster when it comes to data transfer and is considered safer as compared to Wi-Fi.

The Optical Wireless Communication and Li-Fi market has been witnessing a number of product innovations since past few years. For instance, Panasonic has launched a wide range of Li-Fi LED Lamps. One such instance is LFS4000PA1 PANASONIC LIFI LAMP. These lamps are manufactured in compliance with the highest ISO9001 standards. Each lamp undergoes stringent quality checks for ignition, beam performance, voltage, connections, appearance, and run-time.

Market Players to Innovate Novel Li-Fi Systems to Appeal the Customers

Panasonic Corporation, General Electric, Honeywell International, Broadcom Inc., and Philips Lighting are some of the key manufacturers operating in the Optical Wireless Communication and Li-Fi market. Manufacturers are anticipated to make high investments in Li-Fi. Moreover, they are involved in innovations in order to attract more customers.

For instance, Philips Lighting (Signify), one of the major companies, has lately launched one of the first commercial Li-Fi system, called Trulifi. Li-Fi transmits broadband internet through lights, with the help of LEDs to move data and bypass radio signals. Trulifi make use of optical wireless transceiver technology built into Philips lights. Trulifi can offer wireless connectivity at up to 150 Mbps, which is sufficient to stream 30 1080p HDTV movies at one go.

Benefits Associated with Optical Wireless Communication to Drive the Market in Future

High-speed internet, faster data transfer, geolocation of a connected object, unlicensed spectrum, security, usefulness in high-risk areas, and safety are some of the benefits offered by Li-Fi technology, thus supporting the Optical Wireless Communication and Li-Fi market growth. Rise in the penetration of the internet is also expected to positively affect the overall Optical Wireless Communication and Li-Fi market growth.

Need to resolve the issues of scalability, availability, and security is increasing the demand for Optical Wireless Communication. Research advancements in Li-Fi technology are expected to open up novel avenues for the Optical Wireless Communication and Li-Fi market.

li_fi

Market Segmentation

By Product

 Microcontrollers

 LEDs

 Photodetectors

By Application

 Industrial

  Residential

Commercial

Others

As per the market analysts, Li-Fi LEDs might find extensive application in lamp, luminaire, and many other devices for illumination in the years ahead. The report also offers detailed analysis of other product segments in the market. Use of Li-Fi technology might witness an increase in various industries such as retail, medical, military, aerospace, defense, and automotive. Optical Wireless Communication and Li-Fi technology is expected to gain traction in aerospace industry on account of its suitability for planes as it doesn’t interfere with radio signals.

By Region

world_regions

High internet penetration and presence of leading companies are the major factor driving the market in North America. Technological advancements are also offering growth opportunities for the regional market. Surge in the number of internet users and growing adoption of wireless data transmission technology are anticipated to support the Optical Wireless Communication and Li-Fi market growth in Asia Pacific. Europe is also likely to emerge as a lucrative regional market in the coming years.

The reports on ICT sector have been collated after exhaustive study of the evolving internet rollouts, changing forms of communication, and introduction of disruptive services and software. Technology has been moving at a quick pace, which is making it difficult to anticipate the upcoming trends. QYR Consulting offers a never-seen-before insight into the “next-big-thing” through its every research report. The reports discuss the advancements these technologies are bringing in and identify how they are poised to transform economies in the coming decades.

The list of research reports include expert opinions that address challenges and opportunities with unbiased opinions. Analysts have factored in social and economic dimensions that are expected to influence the trajectory of the ICT industry. QYR Consulting is dedicated to helping its readers gain valuable insights into the ICT industry for arriving at logical business decisions.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Optical Wireless Communication and Li-Fi Market Report