Light Fidelity (Li-Fi)/ Visible Light Communication Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032

The global light fidelity (Li-Fi)/ visible light communication (VLC) market is anticipated to grow at a CAGR of more than 85% during the forecast period. The major factor for the growth of the market is the increasing concern regarding cyber security. Rising cyber-attacks have been witnessed across the globe, which is resulting in an increasing need for cybersecurity, which thereby is accelerating the demand for Li-Fi technology.

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Unlike Wi-Fi which makes the use of radio waves. Li-Fi uses light waves to provide an internet connection for the user, and as light waves travel faster than radio waves, the speed of Li-Fi is many times faster than Wi-Fi. Several advancements in automobile systems have enabled the use of Li-Fi for various applications such as to maintain the distance between the two vehicles. With the increasing number of retail shops and malls, many retailers are using Li-Fi to keep the account of buying pattern of the consumer so that they can provide a tailored service to that customer.

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  • Market Coverage
  • Market number available for – 2024-2031
  • Base year- 2024
  • Forecast period- 2024-2031
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Light Fidelity (Li-Fi)/ Visible Light Communication (VLC) Market 

o          By Component

  • LED
  • Photodetector
  • Microcontroller (MCU)

o          By Industry Vertical

  • Retail
  • Consumer Electronics
  • Defense and Security
  • Automotive & Transportation
  • Aerospace and Defense
  • Healthcare
  • Others

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