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Light Fidelity (Li-Fi) Market Share, Size, Analysis, Growth, Trends and
Forecasts, 2016 to 2024 | Hexa Research
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.
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