Li-Fi Devices Market Emerging Trends 2023-2032
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.
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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.
By operating in the visible light spectrum, Li-Fi avoids interference with radio frequencies, making it an ideal solution for environments where Wi-Fi could cause disruptions or face restrictions, such as hospitals, aircraft cabins, or industrial settings.
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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