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Light Fidelity Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Component (LED, Photodetector and Microcontroller), By Application (Traffic Management & Road Safety, Medical Applications, Aviation, Communication Underwater, Interior map-reading system for blind people, Transportations, Industrial Areas, and Others), By End Use Industry (Transportation, Automotive, Defence, Healthcare, Aviation, and Others), By Region, By Competition

September 2023 | 182 pages | ID: L1BBEA1DE257EN
TechSci Research

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Global Light Fidelity Market is expected to register a double digit CAGR during the forecast period, owing to faster speed of data transmission, enhanced data security, no electromagnetic interference, and less power consumption.

Light Fidelity Market or light fidelity is one of the highly anticipated wireless communication technologies that works similarly to Wi-Fi. Fully networked, bidirectional, and high-speed wireless is the key component of this technology. Wi-Fi is currently the most popular wireless communication technology and the number of internet users also continues to grow. Light Fidelity technology has developed because of the need for greater speed, effectiveness, and bandwidth. Light is used in this technology to transmit data because it changes in intensity more quickly. Compared to Wi-Fi, Light Fidelity Market has a 100 times greater data transmission range.

Based on the component, the Global Light Fidelity market has been segmented into LED, photodetector, software and microcontroller. The software segment accounted for the largest share of the market and is expected to grow at higher rate during the forecast period due to two-way communication by the Visible Light Communication (VLC) technology and efficient software support. Photodetector segment is expected to grow at the highest CAGR during the forecast period due to the commercialisation of bidirectional Visible Light Communication. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa, and Europe. Asia-Pacific is expected to dominate the market during the forecast period owing to the huge investments in telecom infrastructure and government funding.

Rise in government investments

The emergence of the internet of things and 5G technology, as well as the increasing acceptance of light fidelity technology globally is expected to provide ample opportunities for the market during the forecast period. Therefore, the government is highly focused on investing in the market. Some of the government investments and initiatives are :
  • Scottish government has investment USD 11.9 million in Purelifi. This enables company to develop Light Fidelity Market technology in devices such as mobile phones, tablets, wearables, and other connected devices.
  • In Japan, Light Fidelity Market technology enabled driverless platooning of trucks on Japanese highway
  • The European Commission enable the functions for ICT sector as it can perform during the upcoming years, such as making buildings more energy-efficient or enhancing the performance of the electricity grid and water management.
Rising demand for Light Fidelity Market in the end user industries

There has been a continuous demand for Light Fidelity among the end-user industries. Some of the examples of Light Fidelity market among the end user industries are:
  • The combination of Light Fidelity Market in education system transmit and receive the data among various devices at institutional level. This benefits with secure and uninterrupted data transmission with cost effective measures.
  • In hospitals, Light Fidelity is used in medical devices where Wi-Fi is banned as it emits electromagnetic interferences with medical instruments and MRI Scanners.
Market Segmentation

Global Light Fidelity Market is segmented on the basis of component, application, end- use industry, and region. Based on component, the market can be segmented into fingerprint recognition, facial recognition, iris recognition, hand/palm recognition, voice recognition, vein scanner, and others including DNA recognition, signature recognition, etc. On the basis of application, the market is further split into contact based, contact less, and hybrid. On the basis of end use industry, the market can be segmented into, government and defense, BFSI, consumer electronics, IT and telecom, healthcare and lifesciences, retail and e-commerce, and others.

Market Players

Major market players in the Global Light Fidelity Market are Koninklijke Philips NV, General Electric Company, Bytelight Inc., Panasonic Corporation, Purelifi Ltd, LVX System, Oledcomm, Lucibel, Outstanding Technology Co. Ltd, and Axrtek.

Presently, only a few of the major players control market in terms of market share. These dominant market players are focused on diversifying their customer base internationally. These businesses are utilizing strategic joint ventures to boost their market share and profitability. Companies in the market are also acquiring start-ups focused on Light Fidelity technologies to strengthen their product capabilities.

Key developments from Government and key players
  • In August 2020, Ahmedabad Civil Hospitals, Surat Municipal Institute of Medical Education & Research, and Gujarat Medical Education & Research Society Hospital installed Lifi--based communication facilities. Moreover, the company is investigating partnerships with government and private hospitals such as Maharashtra, Madhya Pradesh, and Rajasthan.
  • Rugged mobiles are equipped with Light Fidelity technology powered by pureLiFi Getac Technology. The fully rugged tablet UX10 from Getac has integrated LiFi capability to benefit the defence, public safety, automotive, energy, and manufacturing industries.
Report Scope:

In this report, the Global Light Fidelity Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Global Light Fidelity Market, By Component:
    • LED
    • Photodetector
    • Software
    • Microcontroller
  • Global Light Fidelity Market, By Application:
    • Traffic Management & Road Safety
    • Medical Applications
    • Aviation
    • Communication Underwater
    • Interior map-reading system for blind people
    • Transportations
    • Industrial Areas
    • Others
  • Global Light Fidelity Market, By End Use Industry:
    • Transportation
    • Automotive
    • Defense
    • Healthcare
    • Aviation
    • Others
  • Global Light Fidelity Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Poland
      • Denmark
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Peru
      • Chile
    • Middle East
      • Saudi Arabia
      • South Africa
      • UAE
      • Iraq
      • Turkey
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Light Fidelity Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to 15).
1. PRODUCT OVERVIEW


2. RESEARCH METHODOLOGY


3. IMPACT OF COVID-19 ON GLOBAL LIGHT FIDELITY MARKET


4. EXECUTIVE SUMMARY


5. VOICE OF CUSTOMERS


6. GLOBAL LIGHT FIDELITY MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Component (LED, Photodetector, Software, and Microcontroller)
  6.2.2. By Application (Traffic Management & Road Safety, Medical Applications, Aviation, Communication Underwater, Interior map-reading system for blind people, Transportations, Industrial Areas, and Others)
  6.2.3. By End Use Industry (Transportation, Automotive, Defense, Healthcare, Aviation, and Others)
  6.2.4. By Region
6.3. By Company (2022)
6.4. Market Map

7. NORTH AMERICA LIGHT FIDELITY MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Component
  7.2.2. By Application
  7.2.3. By End Use Industry
  7.2.4. By Country
7.3. North America: Country Analysis
  7.3.1. United States Light Fidelity Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Component
      7.3.1.2.2. By Application
      7.3.1.2.3. By End Use Industry
  7.3.2. Canada Light Fidelity Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Component
      7.3.2.2.2. By Application
      7.3.2.2.3. By End Use Industry
  7.3.3. Mexico Light Fidelity Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Component
      7.3.3.2.2. By Application
      7.3.3.2.3. By End Use Industry

8. ASIA-PACIFIC LIGHT FIDELITY MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Component
  8.2.2. By Application
  8.2.3. By End Use Industry
  8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
  8.3.1. China Light Fidelity Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Component
      8.3.1.2.2. By Application
      8.3.1.2.3. By End Use Industry
  8.3.2. India Light Fidelity Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Component
      8.3.2.2.2. By Application
      8.3.2.2.3. By End Use Industry
  8.3.3. Japan Light Fidelity Market Outlook
    8.3.3.1. Market Size & Forecast
    8.3.3.2. By Value
    8.3.3.3. Market Share & Forecast
      8.3.3.3.1. By Component
      8.3.3.3.2. By Application
      8.3.3.3.3. By End Use Industry
  8.3.4. South Korea Light Fidelity Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Component
      8.3.4.2.2. By Application
      8.3.4.2.3. By End Use Industry
  8.3.5. Australia Light Fidelity Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Component
      8.3.5.2.2. By Application
      8.3.5.2.3. By End Use Industry
  8.3.6. Singapore Light Fidelity Market Outlook
    8.3.6.1. Market Size & Forecast
      8.3.6.1.1. By Value
    8.3.6.2. Market Share & Forecast
      8.3.6.2.1. By Component
      8.3.6.2.2. By Application
      8.3.6.2.3. By End Use Industry
  8.3.7. Malaysia Light Fidelity Market Outlook
    8.3.7.1. Market Size & Forecast
      8.3.7.1.1. By Value
    8.3.7.2. Market Share & Forecast
      8.3.7.2.1. By Component
      8.3.7.2.2. By Application
      8.3.7.2.3. By End Use Industry

9. EUROPE LIGHT FIDELITY MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Component
  9.2.2. By Application
  9.2.3. By End Use Industry
  9.2.4. By Country
9.3. Europe: Country Analysis
  9.3.1. Germany Light Fidelity Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Component
      9.3.1.2.2. By Application
      9.3.1.2.3. By End Use Industry
  9.3.2. United Kingdom Light Fidelity Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Component
      9.3.2.2.2. By Application
      9.3.2.2.3. By End Use Industry
  9.3.3. France Light Fidelity Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Component
      9.3.3.2.2. By Application
      9.3.3.2.3. By End Use Industry
  9.3.4. Italy Light Fidelity Market Outlook
    9.3.4.1. Market Size & Forecast
      9.3.4.1.1. By Value
    9.3.4.2. Market Share & Forecast
      9.3.4.2.1. By Component
      9.3.4.2.2. By Application
      9.3.4.2.3. By End Use Industry
  9.3.5. Spain Light Fidelity Market Outlook
    9.3.5.1. Market Size & Forecast
      9.3.5.1.1. By Value
    9.3.5.2. Market Share & Forecast
      9.3.5.2.1. By Component
      9.3.5.2.2. By Application
      9.3.5.2.3. By End Use Industry
  9.3.6. Poland Light Fidelity Market Outlook
    9.3.6.1. Market Size & Forecast
      9.3.6.1.1. By Value
    9.3.6.2. Market Share & Forecast
      9.3.6.2.1. By Component
      9.3.6.2.2. By Application
      9.3.6.2.3. By End Use Industry
  9.3.7. Denmark Light Fidelity Market Outlook
    9.3.7.1. Market Size & Forecast
      9.3.7.1.1. By Value
    9.3.7.2. Market Share & Forecast
      9.3.7.2.1. By Component
      9.3.7.2.2. By Application
      9.3.7.2.3. By End Use Industry

10. SOUTH AMERICA LIGHT FIDELITY MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Component
  10.2.2. By Application
  10.2.3. By End Use Industry
  10.2.4. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil Light Fidelity Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Component
      10.3.1.2.2. By Application
      10.3.1.2.3. By End Use Industry
  10.3.2. Argentina Light Fidelity Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Component
      10.3.2.2.2. By Application
      10.3.2.2.3. By End Use Industry
  10.3.3. Colombia Light Fidelity Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Component
      10.3.3.2.2. By Application
      10.3.3.2.3. By End Use Industry
  10.3.4. Peru Light Fidelity Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Component
      10.3.4.2.2. By Application
      10.3.4.2.3. By End Use Industry
  10.3.5. Chile Light Fidelity Market Outlook
    10.3.5.1. Market Size & Forecast
      10.3.5.1.1. By Value
    10.3.5.2. Market Share & Forecast
      10.3.5.2.1. By Component
      10.3.5.2.2. By Application
      10.3.5.2.3. By End Use Industry

11. MIDDLE EAST & AFRICA LIGHT FIDELITY MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value
11.2. Market Share & Forecast
  11.2.1. By Component
  11.2.2. By Application
  11.2.3. By End Use Industry
  11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
  11.3.1. Saudi Arabia Light Fidelity Market Outlook
    11.3.1.1. Market Size & Forecast
      11.3.1.1.1. By Value
    11.3.1.2. Market Share & Forecast
      11.3.1.2.1. By Component
      11.3.1.2.2. By Application
      11.3.1.2.3. By End Use Industry
  11.3.2. South Africa Light Fidelity Market Outlook
    11.3.2.1. Market Size & Forecast
      11.3.2.1.1. By Value
    11.3.2.2. Market Share & Forecast
      11.3.2.2.1. By Component
      11.3.2.2.2. By Application
      11.3.2.2.3. By End Use Industry
  11.3.3. UAE Light Fidelity Market Outlook
    11.3.3.1. Market Size & Forecast
      11.3.3.1.1. By Value
    11.3.3.2. Market Share & Forecast
      11.3.3.2.1. By Component
      11.3.3.2.2. By Application
      11.3.3.2.3. By End Use Industry
  11.3.4. Iraq Light Fidelity Market Outlook
    11.3.4.1. Market Size & Forecast
      11.3.4.1.1. By Value
    11.3.4.2. Market Share & Forecast
      11.3.4.2.1. By Component
      11.3.4.2.2. By Application
      11.3.4.2.3. By End Use Industry
  11.3.5. Turkey Light Fidelity Market Outlook
    11.3.5.1. Market Size & Forecast
      11.3.5.1.1. By Value
    11.3.5.2. Market Share & Forecast
      11.3.5.2.1. By Component
      11.3.5.2.2. By Application
      11.3.5.2.3. By End Use Industry

12. MARKET DYNAMICS

12.1. Drivers
  12.1.1. Increasing implementation of Light Fidelity Market among business
  12.1.2. Increasing awareness of Light Fidelity Market over Wi-Fi technology
  12.1.3. Rise in demand for high speed data transmission and data security
12.2. Challenges
  12.2.1. High installation cost associated
  12.2.2. Lack of awareness

13. MARKET TRENDS & DEVELOPMENTS

  13.1.1. Increase in advancements of technologies
  13.1.2. Increase in developments by key industry players
  13.1.3. Advances in the field of Light Fidelity Market Platform
  13.1.4. Increasing government investments
  13.1.5. High implementation of Light Fidelity Market across all the major end use industries

14. COMPANY PROFILES

14.1. Koninklijke Philips NV
  14.1.1. Business Overview
  14.1.2. Key Revenue and Financials (if available)
  14.1.3. Recent Developments
  14.1.4. Key Personnel
  14.1.5. Key Product/Services
14.2. General Electric Company
  14.2.1. Business Overview
  14.2.2. Key Revenue and Financials (if available)
  14.2.3. Recent Developments
  14.2.4. Key Personnel
  14.2.5. Key Product/Services
14.3. Bytelight Inc.
  14.3.1. Business Overview
  14.3.2. Key Revenue and Financials (if available)
  14.3.3. Recent Developments
  14.3.4. Key Personnel
  14.3.5. Key Product/Services
14.4. Panasonic Corp
  14.4.1. Business Overview
  14.4.2. Key Revenue and Financials (if available)
  14.4.3. Recent Developments
  14.4.4. Key Personnel
  14.4.5. Key Product/Services
14.5. Panasonic Corp
  14.5.1. Business Overview
  14.5.2. Key Revenue and Financials (if available)
  14.5.3. Recent Developments
  14.5.4. Key Personnel
  14.5.5. Key Product/Services
14.6. LVX System
  14.6.1. Business Overview
  14.6.2. Key Revenue and Financials (if available)
  14.6.3. Recent Developments
  14.6.4. Key Personnel
  14.6.5. Key Product/Services
14.7. Oledcomm
  14.7.1. Business Overview
  14.7.2. Key Revenue and Financials (if available)
  14.7.3. Recent Developments
  14.7.4. Key Personnel
  14.7.5. Key Product/Services
14.8. Lucibel
  14.8.1. Business Overview
  14.8.2. Key Revenue and Financials (if available)
  14.8.3. Recent Developments
  14.8.4. Key Personnel
  14.8.5. Key Product/Services
14.9. IDEX Light Fidelity Market ASA
  14.9.1. Business Overview
  14.9.2. Key Revenue and Financials (if available)
  14.9.3. Recent Developments
  14.9.4. Key Personnel
  14.9.5. Key Product/Services
14.10. Axrtek
  14.10.1. Business Overview
  14.10.2. Key Revenue and Financials (if available)
  14.10.3. Recent Developments
  14.10.4. Key Personnel
  14.10.5. Key Product/Services

15. STRATEGIC RECOMMENDATIONS


16. ABOUT US & DISCLAIMER


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