LiFi (Light Fidelity) Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2023-2027

Published: Feb 2023 Pages: 180 SKU: IRTNTR70500

The Light Fidelity market is projected to reach at USD 7.98 billion, and will grow at a CAGR of 64.84% during forecast year. The growth of the market depends on several factors, including the increase in end-user applications, the availability of greater bandwidth, and IoT enabled by the light-fidelity market.

Analysis Period 2017-2027
Market Size (2017) Historic Year USD 0.08 bn
Market Size (2027) - Forecasted Year USD 7.98 bn
Historic Opportunity (2017-2021) USD 0.34 bn
Historic CAGR 51.37%
Forecasted Opportunity (2023-2027) USD 7.33 bn
Market Opportunity Transformation Growth 9.00%
Market Opportunity Capitalization USD 7.67 bn

This report extensively covers market segmentation by application (indoor networking, LBS, IFCE, underwater communication, and others), end-user (retail, consumer electronics, automotive and transportation, healthcare, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the LiFi (Life Fidelity) Market During the Forecast Period?

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LiFi (Life Fidelity):  Key Drivers, Trends, Challenges, and Customer Landscape

The increase in end-user applications is notably driving the market growth, although factors such as the dominance of competing technologies may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key LiFi (Life Fidelity) Market Driver

An increase in end-user applications is a key factor driving the growth of the global light fidelity market. LiFi is a new wireless data transfer technology that is 100 times faster and ensures better security than any other competing technology. This technology is used in offices that require a secure and very fast network for exchanging, transferring, and sending files. Unlike WiFi, which uses radio waves, Lifi utilizes light waves. Light is used as a medium to send information. Light travels faster from one end of the cable to the other. Lifi uses LED lights that can quickly transfer data from and to supported devices. Moreover, the use of light fidelity is safe, as it does not use radio frequencies that may harm nature and people.

Furthermore, light fidelity .technology can be applied in almost all environments. For instance, transmission using RF in water is difficult, but the same can be achieved through light fidelity (li-fi). Besides, RF can interfere with the electronic circuitry in hospitals, aircraft, mines, and petrochemical plants. Thus, Lifi is a safe option, as it does not pose any health hazards and can be utilized in areas where RF cannot be used. This will drive the adoption of Lifi, which, in turn, will lead to a surge in its global demand during the forecast period.

Significant LiFi (Life Fidelity) Market Trends

An increase in end-user applications is the primary trend in the global light fidelity market growth. The attractiveness of various end-user applications will drive the growth of the market during the forecast period. Numerous sectors will benefit from using light-fidelity (li-fi) systems. Moreover, Lifi will also ensure a shift from RF communication in industrial sectors such as mining, oil and gas, and petrochemicals to eliminate any problem related to safety.

The Walt Disney Company also has plans to use these systems for communicating with toys. These applications will ensure the rapid adoption of Lifi technology in the consumer electronics sector during the forecast period.

Major LiFi (Life Fidelity) Market Challenge

The dominance of competing technologies is a major challenge to the growth of the global light fidelity market. WiFi and WiMAX technology-based devices have dominated the communications industry for decades. These have replaced analogue and digital technologies used in various sectors. Reliable and efficient network connectivity helps in the proper monitoring and control of home appliances. Smart systems (smart homes, connected cars, smart manufacturing, and smart grid management) are gaining momentum due to the introduction of high-speed internet services from leading Internet service providers, such as AT and T, Comcast, Sprint, and Verizon.

However, the development of light fidelity (li-fi) technology has reduced the demand for WiFi and WiMAX technologies to a certain extent; however, the market is still dominated by these technologies (WiFi and WiMAX) in most regions across the world. Such factors will hinder the growth of the market during the forecast period.

Key LiFi (Life Fidelity) Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Light Fidelity Market Customer Landscape

Who are the Major LiFi (Life Fidelity) Market  Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acuity Brands Inc. - The company offers light-fidelity services such as eldoLED ECOdrive. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Fujitsu Ltd.
  • General Electric Co.
  • Global LiFi Tech
  • Koninklijke Philips NV
  • KYOCERA corp.
  • LIFX
  • LightBee SL
  • Lucibel SA
  • Luciom
  • LumEfficient Lighting Corp.
  • LVX System
  • nextLiFi
  • Oledcomm
  • pureLiFi Ltd.
  • Signify NV

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the LiFi (Life Fidelity) Market?

The market share growth by the indoor networking segment will be significant during the forecast period. The indoor network segment is expected to grow rapidly during the forecast period. Indoor networking has penetrated the global light fidelity (Li-Fi) market. The retail and hospitality industries are using indoor networking systems to enhance the shopping and service experience of customers and improve the value that they deliver. Due to the intrinsic characteristics of light, the light fidelity (li-fi)  network is more secure, more power-efficient, and can provide higher network data transmission rates than radio frequency communications. 

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The indoor networking segment was valued at USD 61.23 million in 2017 and continue to grow by 2021The adoption of this technology, along with indoor position apps, will improve the targeted advertising of retailers and enhance their sales. The rapid increase in the use of LEDs and their ability to perform dual functions of illumination as well as communication have provided a unique opportunity for Lifi to be used for indoor lighting. Moreover, low data rates and the use of existing infrastructure will reduce costs considerably. Also, the interest shown by major lighting manufacturers like General Electric and Philips will further boost this market. However, in an indoor light fidelity (li-fi) based network, every space for lighting in a room can act as an optical access point (AP). If the distance between these APs is small, then interference between them becomes unavoidable. This issue can affect the performance of a network considerably, thereby hampering the growth of the market in indoor networking applications. These factors are expected to drive the growth of the indoor networking segment, which, in turn, will propel the growth of the light fidelity (Li-Fi) market during the forecast period.

Which are the Key Regions for the LiFi (Life Fidelity) Market?

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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The use of radiofrequency for WiFi has created a severe spectrum crunch in North America. This has led to a decline in the bandwidth offered, thus affecting high-speed communications. Therefore, the new disruptive light fidelity (li-fi) technology is expected to take over the WiFi market in applications such as horticultural lighting, industrial and commercial, and marine lighting. The US, Canada, and Mexico have started to phase out incandescent lamps in favor of more energy-efficient light sources, such as LEDs, and aim to achieve 100% LED deployment. The Department of Transportation (DOT) and the National Highway Traffic Safety Administration (NHTSA) in the US mandate the use of LEDs in the headlights and taillights of vehicles. Therefore, the demand for faster and safer wireless communication in the region will likely drive the adoption of this technology in the region.

In 2020, due to lockdown restrictions imposed worldwide following the outbreak of COVID-19, most people avoided going outside unnecessarily due to fear of contracting the disease. However, in Q4 2020, most countries lifted their lockdown restrictions. Furthermore, growing initiatives such as smart city development will help accelerate the growth of the global light fidelity (li-fi) market. For instance, countries such as India, Qatar, and Singapore have already launched plans to develop their cities into smart cities. This is expected to increase the demand for light fidelity (li-fi) technology for intelligent traffic system applications during the forecast period. Furthermore, economic conditions improved owing to the large-scale vaccination drives in the region introduced in 2021. This has resulted in the resumption of end-user industries, which has increased the demand for Lifi in the region. Hence, the regional market is expected to grow during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Indoor networking
    • LBS
    • IFCE
    • Underwater communication
    • Others
  • End-User Outlook (USD Million, 2017 - 2027)
    • Retail
    • Consumer electronics
    • Automotive and transportation
    • Healthcare
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

LiFi (Life Fidelity) Market Scope

Report Coverage

Details

Page number

180

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 64.84%

Market growth 2023-2027

USD 7,325.58 million

Market structure

Fragmented

YoY growth 2022-2023(%)

59.9

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Acuity Brands Inc., Fujitsu Ltd., General Electric Co., Global LiFi Tech, Koninklijke Philips NV, KYOCERA corp., LIFX, LightBee SL, Lucibel SA, Luciom, LumEfficient Lighting Corp., LVX System, nextLiFi, Oledcomm, pureLiFi Ltd., Signify NV, Velmenni, VLNComm Inc., Wipro Ltd., and Zero1 Pte Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this LiFi (Life Fidelity) Market  Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Lifi market between 2023 and 2027
  • Precise estimation of the size of the light fidelity market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of light fidelity market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Li fi market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global Li fi market 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Indoor networking - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Indoor networking - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Indoor networking - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Indoor networking - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Indoor networking - Year-over-year growth 2022-2027 (%)
    • 6.4 LBS - Market size and forecast 2022-2027
      • Exhibit 38: Chart on LBS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on LBS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on LBS - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on LBS - Year-over-year growth 2022-2027 (%)
    • 6.5 IFCE - Market size and forecast 2022-2027
      • Exhibit 42: Chart on IFCE - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on IFCE - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on IFCE - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on IFCE - Year-over-year growth 2022-2027 (%)
    • 6.6 Underwater communication - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Underwater communication - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Underwater communication - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Underwater communication - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Underwater communication - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Retail - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Retail - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Retail - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Retail - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Retail - Year-over-year growth 2022-2027 (%)
    • 7.4 Consumer electronics - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive and transportation - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)
    • 7.6 Healthcare - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Healthcare - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Healthcare - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 79: Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 81: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 82: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 83: Chart on Geographic comparison
      • Exhibit 84: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 89: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 97: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 117: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 118: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 119: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 120: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 121: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 122: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 123: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 124: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 125: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 126: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 127: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 128: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 129: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 130: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 131: Matrix on vendor position and classification
            • 12.3 Acuity Brands Inc.
              • Exhibit 132: Acuity Brands Inc. - Overview
              • Exhibit 133: Acuity Brands Inc. - Business segments
              • Exhibit 134: Acuity Brands Inc. - Key news
              • Exhibit 135: Acuity Brands Inc. - Key offerings
              • Exhibit 136: Acuity Brands Inc. - Segment focus
            • 12.4 Fujitsu Ltd.
              • Exhibit 137: Fujitsu Ltd. - Overview
              • Exhibit 138: Fujitsu Ltd. - Business segments
              • Exhibit 139: Fujitsu Ltd. - Key news
              • Exhibit 140: Fujitsu Ltd. - Key offerings
              • Exhibit 141: Fujitsu Ltd. - Segment focus
            • 12.5 General Electric Co.
              • Exhibit 142: General Electric Co. - Overview
              • Exhibit 143: General Electric Co. - Business segments
              • Exhibit 144: General Electric Co. - Key news
              • Exhibit 145: General Electric Co. - Key offerings
              • Exhibit 146: General Electric Co. - Segment focus
            • 12.6 Global LiFi Tech
              • Exhibit 147: Global LiFi Tech - Overview
              • Exhibit 148: Global LiFi Tech - Product / Service
              • Exhibit 149: Global LiFi Tech - Key offerings
            • 12.7 Koninklijke Philips NV
              • Exhibit 150: Koninklijke Philips NV - Overview
              • Exhibit 151: Koninklijke Philips NV - Business segments
              • Exhibit 152: Koninklijke Philips NV - Key news
              • Exhibit 153: Koninklijke Philips NV - Key offerings
              • Exhibit 154: Koninklijke Philips NV - Segment focus
            • 12.8 KYOCERA corp.
              • Exhibit 155: KYOCERA corp. - Overview
              • Exhibit 156: KYOCERA corp. - Business segments
              • Exhibit 157: KYOCERA corp. - Key news
              • Exhibit 158: KYOCERA corp. - Key offerings
              • Exhibit 159: KYOCERA corp. - Segment focus
            • 12.9 Lucibel SA
              • Exhibit 160: Lucibel SA - Overview
              • Exhibit 161: Lucibel SA - Product / Service
              • Exhibit 162: Lucibel SA - Key offerings
            • 12.10 LumEfficient Lighting Corp.
              • Exhibit 163: LumEfficient Lighting Corp. - Overview
              • Exhibit 164: LumEfficient Lighting Corp. - Product / Service
              • Exhibit 165: LumEfficient Lighting Corp. - Key offerings
            • 12.11 LVX System
              • Exhibit 166: LVX System - Overview
              • Exhibit 167: LVX System - Product / Service
              • Exhibit 168: LVX System - Key offerings
            • 12.12 nextLiFi
              • Exhibit 169: nextLiFi - Overview
              • Exhibit 170: nextLiFi - Product / Service
              • Exhibit 171: nextLiFi - Key offerings
            • 12.13 Oledcomm
              • Exhibit 172: Oledcomm - Overview
              • Exhibit 173: Oledcomm - Product / Service
              • Exhibit 174: Oledcomm - Key offerings
            • 12.14 pureLiFi Ltd.
              • Exhibit 175: pureLiFi Ltd. - Overview
              • Exhibit 176: pureLiFi Ltd. - Product / Service
              • Exhibit 177: pureLiFi Ltd. - Key offerings
            • 12.15 Signify NV
              • Exhibit 178: Signify NV - Overview
              • Exhibit 179: Signify NV - Business segments
              • Exhibit 180: Signify NV - Key news
              • Exhibit 181: Signify NV - Key offerings
              • Exhibit 182: Signify NV - Segment focus
            • 12.16 Velmenni
              • Exhibit 183: Velmenni - Overview
              • Exhibit 184: Velmenni - Product / Service
              • Exhibit 185: Velmenni - Key offerings
            • 12.17 Zero1 Pte Ltd.
              • Exhibit 186: Zero1 Pte Ltd. - Overview
              • Exhibit 187: Zero1 Pte Ltd. - Product / Service
              • Exhibit 188: Zero1 Pte Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 189: Inclusions checklist
                • Exhibit 190: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 191: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 192: Research methodology
                • Exhibit 193: Validation techniques employed for market sizing
                • Exhibit 194: Information sources
              • 13.5 List of abbreviations
                • Exhibit 195: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              lifi (light fidelity) market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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