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Light Fidelity (Li-Fi) Market Share, Application,Growth, Market
Leader, Research and Forecasts to 2024 | Hexa Research
“ Light Fidelity (Li-Fi) Market Size To Surpass $101 Billion By 2024”
17 December 2018
The global light fidelity (Li-Fi) market was valued at around USD 455 million in 2015. It is expected to grow beyond USD
101 billion during the forecast period (2016- 2024).
Light fidelity is a visible light communication (VLC) system. This system runs high speed wireless communications. Li-Fi
uses common household LED light bulbs to transfer data boosting speed up to 224 gb (gigabits) per second.
Increasing need for eco-friendly technology is expected to drive the market. Moreover, longer life, low power
consumption, and high illumination are expected to augment market growth in the coming years. Government
promotion for these lights is expected to boost market growth till 2024. The light fidelity market is split into
components, application, and geographies.
Li-Fi components include LED, photo-detector, and microcontroller. LED based light-fidelity devices held over
40% of the market share in 2015.
These LED lights can be controlled to switch on and off to generate a digital string of binary numbers.
Moreover, it can also change colors to red, green, and blue.
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