Li-Fi Devices Market Size 2023-2032
- sai manotra
- Nov 2, 2023
- 1 min read
The global Li-Fi Devices market was valued at US$ 669.7 million in 2022 and is projected to reach US$ 2925.9 million by 2029, at a CAGR of 23.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Li-Fi devices represent a wireless communication technology that leverages light waves for data transmission. The term “Li-Fi” is an abbreviation for “Light Fidelity,” serving as an alternative to traditional Wi-Fi, which relies on radio waves for data transfer.
The inception of Li-Fi aimed at utilizing the visible light spectrum to enable fast, secure, and efficient data communication. This innovative technology employs light-emitting diodes (LEDs) to transmit data through rapid fluctuations in light intensity, which can be detected and interpreted by receivers equipped with photodetectors.
For a successful Li-Fi connection, both the transmitting and receiving devices must maintain a direct line of sight since light waves cannot pass through obstacles like walls. Despite this limitation, the requirement for line-of-sight adds an extra layer of security, as the communication remains confined to the immediate vicinity.
Total Market by Segment:
Global Li-Fi Devices Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Li-Fi Devices Market Segment Percentages, by Type, 2022 (%)
LED Bulbs
Lamps
Wireless Devices
Photodetectors
key players include:
PureLi-Fi
Lucibel
Oledcomm
General Electric
Osram
Sunpartner Technologies
LG Innotek
Yuyang D & U
Semicon Light
Wipro
Koninklijke Philips
Panasonic Corporation
Samsung Electronics
Lemnis Lighting
LG Electronics
Lightpointe Communications
FSOna Networks
Bridgelux
Toshiba Corporation
Cree
Sharp
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