Li-Fi Market Analysis Report, Growth, Trends, Industry Analysis, Applications, Demand, Business Scenario and Forecasts Report 2027

Posted on Mar 11 2021 8:38 AM

"The global Li-Fi market size was valued at USD 213.5 Million in 2020 and is expected to expand at a (CAGR) of 70.1% from 2020 to 2027. "

The latest market intelligence study on the Li-Fi market applies the best of both primary and secondary research techniques to bring to light the growth rate of the Li-Fi market for the forecast period, 2020 – 2027. The comprehensive study covers hard to find facts about the market landscape as well as its growth prospects in the years to come. Most importantly, the research report includes vital statistics about the major vendors occupying a strong foothold in this industry. Besides this, in order to calculate the market share, the study takes a closer look at the selling price of the product across different regions.

Scope of the Report:

The researcher assessing the Li-Fi market dive deep to unearth intangible facts related to the key restraints, opportunities, and threats expected to shape the progress of the industry during the forecast period, 2020 - 2027. Significant evaluation of other factors such as demand and supply status, import and export, distribution channel, consumption volume, and production capability play a vital role in offering business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. All important data are presented in self-explanatory charts, tables and graphic images that can be incorporated into any business presentation.  

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Report Objectives

Examine the size of the global Li-Fi market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Li-Fi market.

Explore the underlying dynamics of the global Li-Fi market.

Highlight significant trends of the global Li-Fi market based on factors including, production, revenue, and sales.

Extensively profile top players of the global Li-Fi market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global Li-Fi market.

Forecast the market size and share of all segments and regions in the global landscape.

Key Highlights of Report

Increasing LED implementation in various industries is driving revenue growth of the LED segment currently, which is expected to register a significantly high CAGR of 70.4% over the forecast period.

In terms of revenue share, the indoor networking segment is expected to lead during the forecast period due to rising application of Li-Fi-based indoor networking systems in healthcare, retail, and education sectors.

Based on end-use, the retail segment is expected to account for the largest market share during the forecast period due to increasing implementation of Li-Fi technology in retail sector to enhance shopping experience.

Due to increasing need for energy-efficient devices, and growing demand for high-speed bandwidth in countries in North America, the market in the region is expected to account for the largest market share among other regional markets during the forecast period.

Key market players include Oledcomm SAS, Panasonic Corporation, Signify Holding B.V., Velmenni OÜ, Renesas Electronics Corporation, PureLiFi Limited, Fsona Networks Corporation, Acuity Brands, Inc., Lucibel SA, and VLNComm Inc.

In November 2019, LocusLabs, Inc. was acquired by Acuity Brands, Inc. Through this acquisition, Acuity Brands will strengthen its expertise in indoor mapping and location-based services.

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Component Outlook (Revenue, USD Million; 2021–2028)




Optical Sensing


Application Outlook (Revenue, USD Million; 2021–2028)

Underwater Communication

Standalone Tracker

Indoor Networking


Advance Tracker

Location-Based Services


End-use Outlook (Revenue, USD Million; 2021–2028)


Aerospace & Defense






Consumer Electronics


Regional Outlook (Revenue, USD Billion; 2021–2028)

North America


Asia Pacific

Latin America

Middle East & Africa

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2028

Chapter 3. Key Insights

Chapter 4. Li-Fi Market Segmentation & Impact Analysis

Chapter 5. Li-Fi Market By Application Insights & Trends, Revenue (USD Billion)

Chapter 6. Li-Fi Market By Industries Insights & Trends Revenue (USD Billion)

Chapter 7. Li-Fi Market By Type Insights & Trends Revenue (USD Billion)

Chapter 8. Li-Fi Market Regional Outlook