Description :
Light Fidelity ( Li-Fi )/ visible light communication facilitates internet facilities in a closed controlled environment such as hospital , airplane , shopping complex , office , and vehicle among others . It is used to provide communication between electronic devices with the help of visible light particularly LED bulbs . This emerging technology has numerous advantages over currently prevalent Wi-Fi technology such as 100 times faster speed and 10,000 times wider bandwidth , which enables the user to transfer large amount of data in very small duration of time . Several exclusive advantages are extensively uplifting the Li-Fi market in various applications such as automated vehicular communications , location based services in retail sector , and inflight communications among others .
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The Li-Fi technology does not use EM waves and hence , it is most appropriate to use inside hospital and airplane where Wi-Fi and other radio frequency communications is prohibited due to health and security reasons . Li-Fi has a high adoption rate in military & defense as it provides data sharing in a visible range and cannot be hacked from outside . In addition , Li-Fi is used to facilitate communications where radio frequency waves cannot travel such as under water communication in navy . Furthermore , the growth in Li-Fi market is propelled by its rapid increase in adoption in different applications by the key players . For instance , GE and Qualcomm Atheros have collaborated to provide retailers with Li-Fi enabled lights , which allows them to pinpoint shoppers ’ locations and use mobile apps to personalize the in-store experience . Furthermore , a leading company in Li-Fi technology , LVX system , has collaborated with NASA to introduce this technology in space , which will save them from carrying load of excessive wiring for communication inside the space crafts .
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Major factors that accelerate the growth in Li-Fi market are enhanced data security , faster transmission rate , wider bandwidth , and high adoption rate in industries such as retail , aerospace & defense . However , inability of transmission under sun light and constraint of distance restrain the growth in the market . On the contrary , being a nascent technology it is expected to have a high adoption rate in the emerging nations which will open new opportunities in the market .
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Company Profiles
1 General Electric 1.1 Company overview
2