sai manotra

Li-Fi Devices Market Size 2023-2032

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sai manotra
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The global Li-Fi Devices market was valued at US$ 669.7 million in 2022 and is projected to reach US$ 2925.9 million by 2029, at a CAGR of 23.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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Li-Fi devices represent a wireless communication technology that leverages light waves for data transmission. The term “Li-Fi” is an abbreviation for “Light Fidelity,” serving as an alternative to traditional Wi-Fi, which relies on radio waves for data transfer.

The inception of Li-Fi aimed at utilizing the visible light spectrum to enable fast, secure, and efficient data communication. This innovative technology employs light-emitting diodes (LEDs) to transmit data through rapid fluctuations in light intensity, which can be detected and interpreted by receivers equipped with photodetectors.

For a successful Li-Fi connection, both the transmitting and receiving devices must maintain a direct line of sight since light waves cannot pass through obstacles like walls. Despite this limitation, the requirement for line-of-sight adds an extra layer of security, as the communication remains confined to the immediate vicinity.

By operating in the visible light spectrum, Li-Fi avoids interference with radio frequencies, making it an ideal solution for environments where Wi-Fi could cause disruptions or face restrictions, such as hospitals, aircraft cabins, or industrial settings.

Total Market by Segment:

Global Li-Fi Devices Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Li-Fi Devices Market Segment Percentages, by Type, 2022 (%)

  • LED Bulbs

  • Lamps

  • Wireless Devices

  • Photodetectors

Global Li-Fi Devices Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Li-Fi Devices Market Segment Percentages, by Application, 2022 (%)

  • Transportation

  • Healthcare

  • Vehicles

  • Aviation

  • Others

key players include:

  • PureLi-Fi

  • Lucibel

  • Oledcomm

  • General Electric

  • Osram

  • Sunpartner Technologies

  • LG Innotek

  • Yuyang D & U

  • Semicon Light

  • Wipro

  • Koninklijke Philips

  • Panasonic Corporation

  • Samsung Electronics

  • Lemnis Lighting

  • LG Electronics

  • Lightpointe Communications

  • FSOna Networks

  • Bridgelux

  • Toshiba Corporation

  • Cree

  • Sharp

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Li-Fi Devices Market Size Li-Fi Devices Market Share