The concept of Li-Fi is currently attracting a great deal of interest, being an efficient alternative to RF and bringing in a greener, safer and cheaper future of communication.

The Li-Fi technology is an advanced form of Morse code which is a method of transferring any code by combination of short and long sound and light signals. Li-Fi uses VLC which is a medium that uses visible light between 400 and 800 terahertz.

It is basically a wireless optical networking technology which utilizes the light emitting diodes as a medium to enable high–speed communication. Data is transmitted by varying the intensity of LED lights at a rate much higher than what human eyes can follow.

Apart from potentially faster speed Li-Fi has multiple other benefits over Wi-Fi. Li-Fi offers a more secure network as light cannot pass through walls; this also minimizes the interference between devices. Li-Fi is also useful in electromagnetic sensitive areas such as in aircraft cabins, hospitals and nuclear power plants without producing electromagnetic interference. Li-Fi technology uses visible light spectrum and can thus communicate data and unravel capacity which is 10,000 times greater than that accessible within the radio spectrum. The present visible light spectrum is abundant, free and unlicensed; this will help in mitigating the radio frequency spectrum crunch effect.

Even after all these benefits Li-Fi probably cannot completely replace the Wi-Fi systems in the coming years; yet both can be used simultaneously to provide an efficient and secure network. The main factor hindering the adoption of Li-Fi is the existing infrastructure for Wi-Fi networks. Therefore the main stress is on developing technology to retrofit the existing devices to work with Li-Fi technology. Research institutes are working on this. With the increasing count of successful research work soon it will be possible to fit microchip in all potential illumination devices and combine illumination and wireless transmission functionalities.

The major applications of this technology include applications in intrinsically safe environments such as RF restricted environments, aircraft cabins, operation theatres in hospitals, ocean beds and sensitive areas such as power plants. This technology can also be put to use in smart lighting applications, mobile connectivity, vehicles and traffic management, solar panel, street lamps, disaster management, seminars or lecture halls in education systems and so on. Many prominent end user industries such as Petroleum and chemical industries, Transportation, Healthcare and so on are showing significant improvements in this field.

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Market Driving Factors:
The major driving factors of the Li-Fi Market, as examined by Industry Arc’s research analysts are:
• In case of Li-Fi, you can receive the data as long as you are in the range of the light being emitted from an LED light source.
• LED bulbs use 85% less energy than incandescent bulbs and last up to 20 times longer.
• Li-Fi can work with the existing LED devices; the installation cost is much less.
• A consumer can choose to receive data by keeping the smartphone in the range of LED light or can simply put away the phone in his/her pocket to avoid it.

Geographical Study of the Market:
The market is analyzed based on different geographic regions which includes Americas, Europe, Asia-pacific and Middle-East & Africa. These geographies are further classified into countries holding prominent share in the VLC market for the forecast period. Major market revenue share is contributed by Asia-pacific region. Asia-pacific region has proved to be the most dominant region for Li-fi market, with Japan and China leading the charge. However, U.S and Europe has also planned of a huge investment in this market in the near future.

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Notable Applications Brief:
The major applications of this technology include applications in intrinsically safe environments such as RF restricted environments, aircraft cabins, operation theatres in hospitals, ocean beds and sensitive areas such as power plants.
This technology can also be put to use in smart lighting applications, mobile connectivity, vehicles & traffic management, solar panel, street lamps, disaster management, seminars or lecture halls in education systems and so on.

REPORT SCOPE:
Market Segmentation:
The Li-Fi Market is broadly segmented into 4 types based on the later given factors. The broad segmentation is further led to a narrower stream of divisions made by experts of IndustryARC and mentioned in this research report.
1. By Device: LED Bulbs, lamps, wireless Devices
2. By Application: Aircraft cabins, Vehicles and Traffic Management, Others.
3. By End user: Petroleum, Chemical, Aviation, Healthcare, Others
4. By Geography: America, Europe, Asia-Pacific and Row.

Key Market Players:
Few of the top prominent competitors out of the complete list of 40+ companies of the Li-Fi Market which are studied in depth and mentioned in this research report are:
• PureLi-Fi Ltd.
• Lucibe
• Oledcomm
• Sunpartner Technologies
• LG Innotek Co.,Ltd

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