Visible
Light Communication (Li-Fi) Global Market – Overview
LiFi can be explained as a wireless optical networking technology
that uses light-emitting diodes (LEDs) for data transmission. The system is
designed to use LED bulbs so that energy can be saved. However, the bulbs are
outfitted with a chip that modulates the light for optical data transmission.
The data is transmitted by the LED bulbs and in return received by
photoreceptors. Previously, the early developmental models were capable of 150
megabits-per-second. The Global Visible Light Communication Market is growing
with the rapid pace; mainly due to the Technological advancements.
According to a recent study report published by the Market
Research Future, The global Visible Light Communication (Li-Fi) Market is
booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a
huge growth by 2023, surpassing its previous growth records in terms of value
with a whooping CAGR during the anticipated period (2017 – 2023). The global Lighting Control market is expected
to reach the valuation of USD 15 Billion by registering a whooping double digit
CAGR of 56% during 2017-2023.
The factors contributing to the growth of the visible
light communication (Li-Fi) market are increasing adoption of various
communication technology, increase in the number of internet users and growing
demand for data traffic in various developed nations. Furthermore, the
increasing demand for secure, fast and reliable network is boosting the growth
of the of Li-Fi industry. Also, the increasing spectrum crisis has increased
the data usage and has also helped the network providers to switch towards high
efficiency.
Need of high speed data transmission, data security, impending RF
spectrum crunch, and several technological superiorities over Wi-Fi technology
majorly drives the visible light communication market.
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Visible
Light Communication (Li-Fi) Global Market – Key Players
Characterized by the presence of several well-established and
small players, the global Market of
Visible Light Communication appears to be highly competitive. Well
established players incorporate acquisition, collaboration, partnership,
expansion, and technology launch in order to gain competitive advantage in this
market and to maintain their market position. The Market demonstrates high
growth potential which is likely to attract several new entrant in the market.
Further resulting in intensified completion. Top players are investing heavily
in R&D and clinical trial.
Industry
News:
On 10 October 2017 Du, Philips Lighting and system integrator
Vision Valley announced that together they are launching the Visible Light
Communication (VLC) location-based service. The three companies signed a
Memorandum of Understanding (MoU) at Gitex. Du is planning first a commercial
pilot. The platform brings together the patented VLC-technology of Philips
Lighting and the management platform and connected mobile apps of Vision
Valley. The service provides relevant information and promotions based on the
location of smartphone users, in a single mobile application.
On October 17, 2017 -- Acuity Brands, Inc.
announced that LocusLabs, Inc. has joined the
Atrius(TM) Internet of Things (IoT) partner ecosystem. LocusLabs plans to
enable its location-as-a-service platform to take advantage of the Atrius IoT
platform's location-based services (LBS) and indoor positioning services (IPS).
LocusMaps, the LocusLabs indoor mapping and navigation application, powers
navigation in hundreds of millions of mobile devices used at airports,
retail malls, multi-floor buildings and campuses, making it easy to search,
discover and navigate large, complex indoor spaces.
Visible
Light Communication (Li-Fi) Market – Regional Analysis
Regionally, North-America accounted for the largest market share
from countries such U.S. among others. The reason is attributed to the
increasing investments for these technological solutions, adoption of these
thermal management solutions by various domains and low operational cost.
U.S. Li-Fi market share is projected to grow significant pace from
2016 to 2023. The European industry is an early adopter, characterized by
considerable research and product development initiatives. High demand for wireless
communications across sectors where Wi-Fi cannot be employed will drive growth
over the forecast timeframe.
North America dominated the market in 2015 by accounting for
around 40% of the total market revenue and it is expected to maintain its dominance
throughout the forecast period. This is accredited due to the presence of
various research and development facilities in the region and investment for
implementation of this technology by the major companies in the region.
Whereas, APAC is expected to grow with a highest CAGR during the end of the
forecasted period.
Visible Light Communication market is segmented on the basis of
component, application and verticals.
Visible
Light Communication (Li-Fi) Market – Segments
For the Better understanding of this report the Global Visible
Light Communication (Li-Fi) Market has been segmented in to 4 key dynamics.
Segmentation
By Component :
Comprises LED, Optical Sensing, Micro controller, Photo detector and other.
Segmentation
By Application :
Comprises Healthcare, Media & Entertainment, IT & Telecommunications
and other.
Segmentation
By End User : Comprises Automotive, Indoor Networking,
Aerospace & Defence, Healthcare, Underwater communication, Retail, Consumer
Electronics, Transportation and other
Segmentation
By Regions : Comprises Geographical regions - North
America, Europe, APAC and Rest of the World.
Visible
Light Communication by Component:
·
Visible Light LED’s
·
Diode
·
Image Sensors
·
R Emitters
·
Opto –couplers
·
Others
Visible
Light Communication by Applications:
·
Underwater Communications
·
Location-based Services
·
Indoor Applications
·
Outdoor Application
·
Smart Lighting
·
Others
Visible
Light Communication by Vertical:
·
Transportation
·
Automotive
·
Defense
·
Healthcare
·
Aviation
·
Others
Intended
Audience
·
Integrated device manufacturers (IDMs)
·
Raw material suppliers
·
Visible Light Communication product
&device manufacturers
·
System Integrators
·
Technical University
·
Original Equipment Manufacturers (OEM)
·
Original Technology Designers and Suppliers
·
Research Institutes and organization
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Table of Contents:
·
1 Market
Introduction
·
1.1 Introduction
·
1.2 Scope
of Study
·
1.2.1 Research
Objective
·
1.2.2 Assumptions
·
1.2.3 Limitations
·
1.3 Market
Structure
Continued…
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