Global Li-Fi Industry

Global Li-Fi Industry

  • April 2021 •
  • 187 pages •
  • Report ID: 2052023 •
  • Format: PDF
Abstract:
- Global Li-Fi Market to Reach $199.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Li-Fi estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$199.2 Billion by 2027, growing at a CAGR of 65.1% over the analysis period 2020-2027. LED, one of the segments analyzed in the report, is projected to record a 68.3% CAGR and reach US$106.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Microcontroller segment is readjusted to a revised 62.9% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 61.6% CAGR
- The Li-Fi market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.6 Billion by the year 2027 trailing a CAGR of 61.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 58.8% and 54.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 43.3% CAGR.
- Photo Detector Segment to Record 64.8% CAGR
- In the global Photo Detector segment, USA, Canada, Japan, China and Europe will drive the 64.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$775.2 Million in the year 2020 will reach a projected size of US$25.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.5 Billion by the year 2027.

- Select Competitors (Total 46 Featured) -
  • Acuity Brands Lighting Inc.
  • Fsona Networks Corp.
  • General Electric Company
  • Koninklijke Philips NV
  • LightBee
  • LightPointe Communications, Inc.
  • Oledcomm
  • Panasonic Corporation
  • Purelifi Ltd.
  • Velmenni R&D Pvt., Ltd.