How much size did the LI-FI market register in 2019?

The market size of LI-FI surpassed USD 70 million in 2019. Read More

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Li-Fi Market Share

Report ID: GMI462
Published Date: Jun 2020
Report Format: PDF

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Li-Fi Market Share

The market players are laying emphasis on establishing partnerships and strategic collaborations to expand their business operations and gain a competitive edge. For instance, in October 2019, PureLiFi announced its partnership with Getac, a manufacturer of rugged tablets and PCs for military, manufacturing, and automotive industries. This partnership aided the company to test the Li-Fi technology for implementation in wireless devices for defense and security applications.

Companies are also focusing on new product launches to expand their product portfolio. For instance, in June 2019, Signify launched its Trulifi transceiver, a Li-Fi-enabled device to be mounted on the surface of LEDs and luminaires. This device provides data transmission speed up to 150 Mbps. This aided the company to enhances its product portfolio.

Key players operating in the industry include

Integrated System Technologies Ltd.
Lightbee S.L.
Lucibel
NAV Technologies
Signify
PureLiFi
SLD Laser
Velmenni
VLNComm
Renesas Electronics Corporation
General Electric
Oledcomm
Fujitsu

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of LI-FI surpassed USD 70 million in 2019.

The industry share of LI-FI is anticipated to grow at 50% CAGR between 2020 to 2030.

The LED component segment held a market share of around 45% in 2019 and is anticipated to reach USD 600 million by 2025, due to rising deployment of LEDs in commercial establishments and industries.

According to the analysts at GMI, the Europe industry valuation crossed USD 30 million in 2019 where UK held around 28% of the revenue share.

Key players operating in the industry include Integrated System Technologies Ltd., Lightbee S.L., Lucibel, NAV Technologies, Signify, PureLiFi, SLD Laser, Velmenni, VLNComm, Renesas Electronics Corporation, General Electric, Oledcomm and Fujitsu.

The growing integration of advanced technologies into modern vehicles will drive the adoption of Li-Fi in the automotive sector.