Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Allied Analytics :Light Fidelity (Li-Fi) is a very high speed, two-way wireless communication method which uses visible light from LEDs as the medium for transmitting the data by turning them on and off at very high frequency which human eyes cannot sense. This technology is an apt replacement for currently prevailing Wi-Fi technology as Li-Fi is considerably faster, has almost 10,000 times broader bandwidth because it uses visible light, and it is safe to operate in electromagnetic sensitive areas.
Light Fidelity (Li-Fi)/Visible Light Communication Market report, published by Allied Market Research, forecasts that the global market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period. North America contributed major share in the market and will continue to lead throughout the forecast period.
The Goal: Every light bulb in the world act as a Li-Fi device!
If you are wondering about the term Li-Fi itself, the term Li-Fi or Light Fidelity is a wireless optical networking technology uses LEDs for data transmission and which is 100 times faster than traditional WiFi. At speeds like this, albums, high-definition films and even video games could be downloaded in a matter of seconds.
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The speed is down to the way in which it transmits data- by using Visible Light Communication (VLC), data is sent between networks by LED lights that flicker incredibly fast.
Li-Fi is just a free space transmission.
Where it will be getting used?: To Increase Robustness in Mobile Payments, In Street Lights to Provide high-speed Data Everywhere, For Providing Data Services inside an Aircraft Cabin, In Traffic Signals to Reduce Accidents
However, the biggest challenge is that Li-Fi requires a straight line of light for it to transmit data. Moreover, how optimally Li-Fi will transfer data back to the transmitter is yet another cause of concern. Well, rather than with Wi-fi routers, proposed setup of Li-fi technology would need to include antennas in multiple locations, so that when a user moves out of the line of sight another could take over.
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Li-Fi incorporates three major components, which are LED, photodetector, and microcontroller. Among the three components, LED dominated the market by contributing over 40% share of the overall component segment revenue. Also, this segment is anticipated to grow with the highest CAGR 118.1% during the forecast period owing to its low cost, increased adoption in different applications such as households, offices, vehicles, airplanes and retail stores among others. Furthermore, LEDs are preferred over all other lighting systems as they can easily be turned off and on with the use of a microcontroller.
In order to invest in Li-Fi technology, all you need to figure out is which companies are investing money in that technology. Some of the leading enterprises operating in the Li-Fi market include General Electric, Oledcomm S.A.S, Renesas Electronics Corporation, pureLiFi, LVX SYSTEM, Acuity Brands Lighting, Inc., Qualcomm Technologies Inc., IBSENtelecom Ltd., Koninklijke Philips N.V., and Panasonic Corporation.
North America dominated the market accounting for around 40% of the total market revenue and it is expected to maintain its dominance throughout the forecast period. This is accredited to the presence of various research and development facilities in the region and investment for the implementation of this technology by the major companies in the region.
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Asia-Pacific is anticipated to be the fastest-growing region among others with CAGR of 121.7% during the forecast period. This is attributed due to the large electronic market in China and Japan as well as presence of several developing regions where governments promote the use of LED lights. In Asia-Pacific, China holds about 50% of the market at present and is expected to maintain its leading position throughout the forecast period.
In the future we will not only have bns light bulbs, we may have billions of LiFis deployed worldwide for a cleaner, greener and brighter future.
Light Fidelity (Li-Fi)/Visible Light Communication Market Segmentation
The Li-Fi market is segmented on the basis of component, industry vertical, and geography.
BY INDUSTRY VERTICAL
Underwater communication in navy
inflight communication and infotainment
Others (mining and chemical)
Rest of Europe
Rest of Asia-Pacific
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