Li-Fi Enabled Communication System Market to Reach US$ 167,496.4 Mn at CAGR of 73.7% in 2027 | The Insight Partners
The Global Li-Fi Enabled Communication System Market accounted to US$ 1,229.0 Mn in 2018 and is expected to grow at a CAGR of 73.7% during the forecast period 2019 - 2027 to account to US$ 167,496.4 Mn by 2027.
North America was the leading geographic region in the Li-Fi enabled communication system market and it is anticipated to be the highest revenue contributor throughout the forecast period. High disposable incomes of individuals, investment in advanced technologies, huge consumer electronics industry are some of the major factors driving the growth in this region. The penetration of consumer electronic devices in the region is very high and devices like smartphones, tablets and personal computers have found a broader user base in North America.
Internet of things (IoT) plays a crucial role in the deployments and demands for Li-Fi technology in this region. The majority of the world’s largest technology companies have favored in the high economic growth which drives the Li-Fi enabled communication system market in the region.
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Li-Fi Enabled Communication System Market: Strategic Insights
Market Size Value in US$ 1,229.0 Million in 2018 Market Size Value by US$ 167,496.4 Million by 2027 Growth rate CAGR of 73.7% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Li-Fi Enabled Communication System Market: Strategic Insights
| Market Size Value in | US$ 1,229.0 Million in 2018 |
| Market Size Value by | US$ 167,496.4 Million by 2027 |
| Growth rate | CAGR of 73.7% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Market Insights
The global Li-Fi enabled communication system market is flourishing at an impressive rate and the same is expected to experience exponential growth rate in the coming years. In terms of geographical growth, Europe is the one of the largest markets for Li-Fi enabled communication systems. The wireless industry of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP as well as provides employment to millions of people in the region. The automotive sector of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP. EU is also the leading producer of motor vehicles and several premium automotive manufacturers are based in the region. With the increase in high-speed data connectivity, numerous players in this region are taking initiatives for the deployment of Li-Fi technology. For instance, in February 2019, Netherlands based company, Signify – a global leader in lights has announced that the company is operating with more than 30 customers across North America, Europe, and the Asia Pacific in order to test and commercialize its Li-Fi system. The company’s Li-Fi enabled luminaires to comprise of superior energy-efficient lights that offer high-speed, secure, and stable wireless communication using light waves. The constantly rising demand for advanced technologies among European industries is set to nurture the Li-Fi enabled communication system market in the European region till the forecast period.
Market initiatives by the players is propelling Li-Fi Enabled Communication System market growth
In the global Li-Fi enabled communication system market, new market initiative is a strategy basically adopted by companies to expand their footprint across the world and meet the growing demand of its customers. The market players present in Li-Fi based communication system market are mainly focusing towards product enhancements by implementing advance technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company maintain its brand name globally. Most of the Li-Fi enabled communication system market initiatives were observed in Asia Pacific, North America, and Europe regions, which have high density of Li-Fi related solutions.
Segment by Type Insights
The Li-Fi enabled communication system market is categorized on basis of the system’s components as LEDs, photo detectors, micro controllers and others. The other segment comprises of amplifiers, radio transmitter & receivers among others. Significant penetration of LEDs across industries, increasing partnerships among the Li-Fi technology developers and ecosystem partners is driving the growth of Li-Fi enabled communication system market.
Segment By End-User Insights
The global Li-Fi enabled communication system market is classified on basis of different end users as smart home, smart city, automotive, education, retail, healthcare, government, transportation and others. The others segment includes end user industries such as petrochemicals, telecom, aviation, disaster management and BFSI among others. Smart city program authorities as well as governments are opting for Li-Fi based connectivity. Smart cities could definitely benefit from Li-Fi enabled street lights to provide internet access to mobile phones. The developed countries are witnessing the rise in numbers of smart home, which is benefiting the Li-Fi technology developers in the current scenario.
Retail, Smart City, Education, and healthcare are the prominent end user segments of Li-Fi enabled communication system. Various companies operating in the market are undertaking initiatives to propel Li-Fi technology in these sectors. Additionally, the smart hospitals are integrating their infrastructures with Li-Fi enabled communication system which is also propelling the market growth.
New market initiatives were observed as the most adopted strategy in global Li-Fi Enabled Communication System industry. Few of the recent market initiatives are listed below:
2019: Zumtobel a prominent provider of professional lighting and associated services announced a partnership with pureLiFi with the aim of stepping into wireless enterprise network market.
2019: Signify announced 30 pilot projects across North America, Europe, and Asia for the trial of its commercial Li-Fi system.
2018: BMW successfully completed three-year test using the LED light to transfer automobile inspection information in a factory floor robot. Through this, the system performed has increased remarkably.
2018: nextLiFi and Two Bulls announced a strategic partnership with the aim of developing next generation wireless application using light for data transmission.
Li-Fi Enabled Communication System Market Report Scope
Global Li-Fi Enabled Communication System Market – By Component
- LED
- Photo Detector
- Micro Controller
- Others
Global Li-Fi Enabled Communication System Market – By End-User
- Smart Home
- Smart City
- Automotive
- Education
- Retail
- Healthcare
- Government
- Transportation
- Others
Global Li-Fi Enabled Communication System Market – By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Rest of APAC
- Rest of the World
Li-Fi Enabled Communication System Market - Company Profiles
- Acuity Brands, Inc.
- Fraunhofer HHI
- Global LiFi Tech
- Infinity Technology Services Limited
- Lucibel SA
- NextLiFi
- Oledcomm
- PureLiFi
- Signify N.V.
- VLNComm
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
1. INTRODUCTION
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market segmentation
1.3.1 Global Li-Fi Enabled Communication System Market – By Component
1.3.2 Global Li-Fi Enabled Communication System Market – By End-User
1.3.3 Global Li-Fi Enabled Communication System Market – By Geography
2. key takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Li-Fi Enabled Communication System Market landscape
4.1 market overview
4.2 Ecosystem Analysis
4.3 pest analysis
4.3.1 North America – PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific – PEST Analysis
4.3.4 Rest of World – PEST Analysis
5. Li-Fi Enbaled Communication System market – key industry dynamics
5.1 key market drivers
5.1.1 Growing demands for cost and energy efficient wireless communication system
5.1.2 Cyber security concerns with Wi-Fi shifting demands towards a more secured communication system
5.1.3 Rising needs of data offloading over the existing communications infrastructure with rapidly growing data
5.2 Key market restraints
5.2.1 Shorter ranges for communication coupled with higher installation costs
5.2.2 No standardization for the device manufacturers
5.3 key market opportunities
5.3.1 Emergence of a large number of use cases and application areas
5.4 Future trends
5.4.1 Deployments as a complementary technology with WiFi
5.5 impact analysis of Drivers and restraints
6. Li-Fi enabled Communication System – Global market analysis
6.1 Global Li-Fi enabled Communication System Market Overview
6.2 Global Li-Fi enabled Communication System Market Forecast and Analysis
6.3 Market Positioning – Global Top 5 Players
7. Global Li-Fi enabled communication system Market Analysis – By component
7.1 Overview
7.2 Global Li-Fi enabled communication systems Market Breakdown, By Component, 2018 & 2027
7.3 LED market
7.3.1 Overview
7.3.2 Global LED Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 photo detector market
7.4.1 Overview
7.4.2 Global Photo Detector Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Micro Controller market
7.5.1 Overview
7.5.2 Global Micro Controller Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others market
7.6.1 Overview
7.6.2 Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. Global Li-Fi enabled communication SYSTEM Market Analysis – By End user
8.1 Overview
8.2 Global Li-Fi enabled communication SYSTEM Market Breakdown, By end user, 2018 & 2027
8.3 Smart Home
8.3.1 Overview
8.3.2 Global Smart Home Revenue and Forecasts to 2027 (US$ Mn)
8.4 Smart city
8.4.1 Overview
8.4.2 Global Smart City Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Automotive
8.5.1 Overview
8.5.2 Global Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Education
8.6.1 Overview
8.6.2 Global Education Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Retail
8.7.1 Overview
8.7.2 Global Retail Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 HEalthcare
8.8.1 Overview
8.8.2 Global Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
8.9 Government
8.9.1 Overview
8.9.2 Global Government Market Revenue and Forecasts to 2027 (US$ Mn)
8.10 Transportation
8.10.1 Overview
8.10.2 Global Transportation Market Revenue and Forecasts to 2027 (US$ Mn)
8.11 others
8.11.1 Overview
8.11.2 Global others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Li-Fi enabled communication system Market –Geographical Analysis
9.1 Overview
9.2 North America Li-Fi enabled communication system market Revenue and Forecasts to 2027
9.2.1 North America Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.2 North America Li-Fi enabled communication system Market Breakdown by Component
9.2.3 North America Li-Fi enabled communication system Market Breakdown by End User
9.2.4 North America Li-Fi Enabled Communication Systems Market Breakdown, by Key Countries
9.2.4.1 U.S. Li-Fi Enabled Communication Systems Market Revenue and Forecasts to 2027 (US$ MN)
9.2.4.1.1 US Li-Fi enabled communication system Market Breakdown by component
9.2.4.1.2 US Li-Fi enabled communication system Market Breakdown by End User
9.2.4.2 Canada Li-Fi Enabled Communication Systems Market Revenue and Forecasts to 2027 (US$ MN)
9.2.4.2.1 Canada Li-Fi Enabled Communication System Market Breakdown by component
9.2.4.2.2 Canada Li-Fi Enabled Communication System Market Breakdown by End User
9.2.4.3 Mexico Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ MN)
9.2.4.3.1 Mexico Li-Fi enabled communication system Market Breakdown by component
9.2.4.3.2 Mexico Li-Fi enabled communication system Market Breakdown by End User
9.3 Europe Li-Fi enabled communication systems market Revenue and Forecasts to 2027
9.3.1 Europe Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.2 Europe Li-Fi enabled communication systems Market Breakdown by Component
9.3.3 Europe Li-Fi enabled communication system Market Breakdown by End User
9.3.4 Europe Li-Fi enabled communication systems Market Breakdown, by Key Countries
9.3.4.1 France Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 (US$ MN)
9.3.4.1.1 France Li-Fi enabled communication system Market Breakdown by component
9.3.4.1.2 France Li-Fi Enabled Communication System Market Breakdown by End User
9.3.4.2 Germany Li-Fi Enabled Communication Systems Market Revenue and Forecasts to 2027 (US$ MN)
9.3.4.2.1 Germany Li-Fi enabled communication system Market Breakdown by component
9.3.4.2.2 Germany Li-Fi enabled communication system Market Breakdown by End User
9.3.4.3 UK Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 (US$ MN)
9.3.4.3.1 UK Li-Fi enabled communication system Market Breakdown by component
9.3.4.3.2 UK Li-Fi enabled communication system Market Breakdown by End User
9.3.4.4 Rest of Europe Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 (US$ MN)
9.3.4.4.1 Rest of Europe Li-Fi enabled communication system Market Breakdown by component
9.3.4.4.2 Rest of Europe Li-Fi Enabled Communication System Market Breakdown by End User
9.4 ASIA PACIFIC Li-Fi enabled communication system Market Revenue and Forecasts to 2027
9.4.1 Asia Pacific Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.2 ASIA-PACIFIC Li-Fi Enabled Communication System Market Breakdown by Component
9.4.3 Asia Pacific Li-Fi Enabled Communication System Market Breakdown by End-User
9.4.4 Asia-Pacific Li-Fi Enabled Communication System Market Breakdown, by Key Countries
9.4.4.1 China Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.1.1 China Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by Component
9.4.4.1.2 China Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by End-User
9.4.4.2 Japan Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.2.1 Japan Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by Component
9.4.4.2.2 Japan Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by End-User
9.4.4.3 India Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.3.1 India Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by Component
9.4.4.3.2 India Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by End-User
9.4.4.4 South Korea Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.4.1 South Korea Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by Component
9.4.4.4.2 South Korea Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by End-User
9.4.4.5 Rest of Asia-Pacific Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.5.1 Rest of Asia-Pacific Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by Component
9.4.4.5.2 Rest of Asia-Pacific Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn), by End-User
9.5 rest of the world Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027
9.5.1 Rest of the World Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
9.5.2 Rest of the World Li-Fi Enabled Communication System Market Breakdown by Component
9.5.3 Rest of the World Li-Fi Enabled Communication System Market Breakdown by End-User
9.5.4 Rest of the World Li-Fi Enabled Communication System Market Breakdown, by Key Countries
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Global Li-Fi Enabled Communication system Market- key company profiles
11.1 Acuity Brands, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Fraunhofer HHI
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Global LiFi Tech
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Business Description
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Infinity Technology Services Limited
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 lucibel SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Business Description
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 nextlifi
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Oledcomm
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 purelifi
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Signify N.V.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 VLNComm
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLESTABLE 1. Global Li-Fi enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
TABLE 2. North America Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 3. North America Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By End user (US$ Mn)
TABLE 4. US Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 5. US Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By end user (US$ Mn)
TABLE 6. Canada Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 7. Canada Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By end user (US$ Mn)
TABLE 8. Mexico Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 9. Mexico Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By end user (US$ Mn)
TABLE 10. Europe Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By Component (US$ Mn)
TABLE 11. Europe Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 12. France Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 13. France Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By end user (US$ Mn)
TABLE 14. Germany Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 15. Germany Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By end user (US$ Mn)
TABLE 16. UK Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 17. UK Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By end user (US$ Mn)
TABLE 18. Rest of Europe Li-Fi enabled communication system market Revenue and Forecasts to 2027 – By component (US$ Mn)
TABLE 19. Rest of Europe Li-Fi enabled communication systems Market Revenue and Forecasts to 2027 – By end user (US$ Mn)
TABLE 20. APAC Li-Fi enabled communication system Market Revenue and Forecasts to 2027 – By COMPONENT (US$ Mn)
TABLE 21. ASIA PACIFIC Li-Fi enabled communication system Market Revenue and Forecasts to 2027 – By END-USER (US$ Mn)
TABLE 22. CHINA Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By COMPONENT (US$ Mn)
TABLE 23. CHINA Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By END-USER (US$ Mn)
TABLE 24. Japan Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By COMPONENT (US$ Mn)
TABLE 25. japan Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By END-USER (US$ Mn)
TABLE 26. India Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By COMPONENT (US$ Mn)
TABLE 27. india Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By END-USER (US$ Mn)
TABLE 28. south korea Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By COMPONENT (US$ Mn)
TABLE 29. South Korea Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By END-USER (US$ Mn)
TABLE 30. Rest of Asia-Pacific Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By COMPONENT (US$ Mn)
TABLE 31. Rest of Asia-Pacific Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 – By END-USER (US$ Mn)
TABLE 32. Rest of the World Li-Fi enabled communication system Market Revenue and Forecasts to 2027 – By COMPONENT (US$ Mn)
TABLE 33. Rest of the World Li-Fi enabled communication system Market Revenue and Forecasts to 2027 – By END-USER (US$ Mn)
TABLE 34. Rest of the World Li-Fi enabled communication system Market Revenue and Forecasts to 2027 – By Country (US$ Mn)
TABLE 35. Glossary of Term: global Li-Fi Enabled communication system Market
LIST OF FIGURESFIGURE 1. Global Li-Fi enabled communication system Market Segmentation
FIGURE 2. Global Li-Fi enabled communication system Market Segmentation by region
FIGURE 3. Li-Fi Enabled communication systyems market, automotive industry, 2018 & 2027 (US$ Mn)
FIGURE 4. Global li-fi enabled communication sysytems market, geography, 2018 & 2027 (%)
FIGURE 5. Li-Fi Enabled Communication System MArket ecosystem analysis
FIGURE 6. north america – pest analysis
FIGURE 7. Europe – pest analysis
FIGURE 8. asia pacific – pest analysis
FIGURE 9. Rest of world PEST Analysis
FIGURE 10. Li-Fi Enbaled Communication System Market Impact Analysis of Driver and Restraints
FIGURE 11. Global Li-Fi enabled Communication System Market
FIGURE 12. Global Li-Fi enabled Communication System Market Forecast and Analysis
FIGURE 13. Global Li-Fi enabled communication systems Market Breakdown By Component, 2018 & 2027 (%)
FIGURE 14. Global LED Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 15. Global photo detector Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 16. Global Micro Controller Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 17. Global OThers Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 18. Global Li-Fi enabled communication SYSTEM Market Breakdown By end user, 2018 & 2027 (%)
FIGURE 19. Global Smart home Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 20. Global Smart City Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 21. Global Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 22. Global Education Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 23. Global Retail Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 24. Global Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 25. Global Government Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 26. Global transportation Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 27. Global others Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 28. Li-Fi enabled communication system Market, Global Breakdown by Regions, 2018 & 2027 (%)
FIGURE 29. North America Li-Fi enabled communication systems market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 30. North America Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 31. North America Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 32. North America Li-Fi enabled communication systems market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 33. U.S. Li-Fi enabled communication systems market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 34. US Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 35. US Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 36. Canada Li-Fi enabled communication system market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 37. Canada Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 38. Canada Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 39. Mexico Li-Fi enabled communication system market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 40. Mexico Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 41. Mexico Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 42. Europe Li-Fi enabled communication systems market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 43. Europe Li-Fi enabled communication systems market Breakdown by Component, 2018 & 2027 (%)
FIGURE 44. Europe Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 45. Europe Li-Fi enabled communication systems market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 46. France Li-Fi enabled communication systems market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 47. France Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 48. France Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 49. Germany Li-Fi enabled communication systems market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 50. Germany Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 51. Germany Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 52. UK Li-Fi enabled communication systems market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 53. UK Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 54. UK Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 55. Rest of Europe Li-Fi enabled communication systems market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 56. Rest of Europe Li-Fi enabled communication system market Breakdown by component, 2018 & 2027 (%)
FIGURE 57. Rest of Europe Li-Fi enabled communication systems Market Breakdown by end user, 2018 & 2027 (%)
FIGURE 58. APAC Li-Fi enabled communication system Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 59. ASIA-PACIFIC LI-Fi enabled communication system Market Breakdown by COMPONENT, 2018 & 2027 (%)
FIGURE 60. Asia pacific Li-Fi enabled communication system Market Breakdown by end-user, 2018 & 2027 (%)
FIGURE 61. Asia-pacific Li-Fi enabled communication system Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 62. China Li-Fi enabled communication system Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 63. japan Li-Fi enabled communication system Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 64. India Li-Fi enabled communication system Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 65. South Korea Li-Fi enabled communication system Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 66. Rest of Asia-Pacific Li-Fi enabled communication system Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 67. Rest of the World Li-Fi Enabled Communication System Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 68. Rest of the World LI-Fi enabled communication system Market Breakdown by COMPONENT, 2018 & 2027 (%)
FIGURE 69. Rest of the World Li-Fi enabled communication system Market Breakdown by end-user, 2018 & 2027 (%)
FIGURE 70. Rest of the World Li-Fi enabled communication system Market Breakdown by Key Countries, 2018 & 2027(%)
The List of Companies
- Acuity Brands, Inc.
- Fraunhofer HHI
- Global LiFi Tech
- Infinity Technology Services Limited
- Lucibel SA
- NextLIFI
- Oledcomm
- PureLIFI
- Signify N.V.
- VLNComm
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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