Li-Fi Market From Healthcare Sector to Depict the High Demand By 2023


Li-Fi market from the healthcare sector is expected to surpass a revenue of USD 2.6 billion by 2023. The growth of light fidelity (Li-Fi) market across the medical sector is primarily driven by its capability to transfer data at a very high speed. In addition, considering the health concerns, Li-Fi is preferred over Wi-Fi for the interdepartmental medical facilities such as sharing the patient’s data with the other department.

Li-Fi market finds widespread applications across location-based services, indoor networking, defense & security, intrinsically safe environments, automotive, underwater communication, aerospace, and healthcare. Location-based services are predicted to grow noticeably at a CAGR of 79.5% over the period of 2016 to 2023. The growth can be attributed to escalating technological innovations and enhancement in the location and indoor positioning system.

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Considering the components, Li-Fi market is mainly divided into LED, Microcontroller, Photodetector. LED or light emitting diode industry share is anticipated to grow at a rate of 79% from 2016 to 2023. Shifting trends toward the energy-efficient product will boost the demand for LED. Photodetector covered 30% of the overall Light-fidelity (Li-Fi) market share in 2015 and will exhibit attractive growth rate in the years ahead.

Li-Fi market will exhibit massive growth over the coming six years, driven by its increasing demand across electromagnetic sensitive areas such as hospitals, nuclear power plants, and aircraft cabin. Light fidelity (Li-Fi) industry has gained high popularity in the global business space over the recent years, driven by its growing preference over traditional technologies on account of its favorable features such as energy efficiency, directional lighting, high-speed data transfer, and intrinsic security. The additional advantages of Li-Fi such as no bandwidth limitations, RF spectrum bandwidth crunch will provide an upper hand to this technology over the traditional channels such as Wi-Fi.

Geographically, Asia Pacific light fidelity (Li-Fi) industry worth USD 185 million in 2015, is slated to exhibit substantial growth rate over the coming six years. The growth can be attributed to the increasing need for internet connectivity in developing countries. Significant R & D activities across the European region will boost Europe Li-Fi market share in the coming timeframe.

The key players will adopt strategies such as mergers & acquisitions, strategic collaborations, and heavy R&D investments to enhance their product portfolios. The notable participants in Li-Fi market are GE, Oledcomm, PureLifi, Lucibel, Distech Control, Acuity Brands, Philips, and LVX.

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 Glimpse of Table of Content (ToC):  –

Chapter 4    Li-Fi Market Component Insights

4.1    Global market share by component, 2015 & 2023

4.2    LED

4.2.1    Global market from LED, 2013 – 2023, (USD Million)

4.2.2    Global market from LED by region, 2013 – 2023, (USD Million)

4.3    Photodetectors

4.3.1    Global market from photodetectors, 2013 – 2023, (USD Million)

4.3.2    Global market from photodetectors by region, 2013 – 2023, (USD Million)

4.4    Microcontrollers (MCU)

4.4.1    Global market from microcontrollers, 2013 – 2023, (USD Million)

4.4.2    Global market from microcontrollers by region, 2013 – 2023, (USD Million)

Chapter 5    Li-Fi Market Application Insights

5.1    Global Li-Fi market share by application, 2015 & 2023

5.2    Automotive

5.2.1    Global demand in automotive, 2013 – 2023, (USD Million)

5.2.2    Global demand in automotive by region, 2013 – 2023, (USD Million)

5.3    Indoor networking

5.3.1    Global demand in indoor networking, 2013 – 2023, (USD Million)

5.3.2    Global demand in indoor networking by region, 2013 – 2023, (USD Million)

5.4    Aerospace

5.4.1    Global demand in aerospace, 2013 – 2023, (USD Million)

5.4.2    Global demand in aerospace by region, 2013 – 2023, (USD Million)

5.5    Healthcare

5.5.1    Global demand in healthcare, 2013 – 2023, (USD Million)

5.5.2    Global demand in healthcare by region, 2013 – 2023, (USD Million)

5.6    Intrinsically safe environments

5.6.1    Global demand in intrinsically safe environments, 2013 – 2023, (USD Million)

5.6.2    Global demand in intrinsically safe environments by region, 2013 – 2023, (USD Million)

5.7    Location based services (LBS)

5.7.1    Global demand in LBS, 2013 – 2023, (USD Million)

5.7.2    Global demand in LBS by region, 2013 – 2023, (USD Million)

5.8    Defense & Security

5.8.1    Global demand in defense & security, 2013 – 2023, (USD Million)

5.8.2    Global demand in defense & security by region, 2013 – 2023, (USD Million)

5.9    Underwater communications

5.9.1    Global demand in underwater communications, 2013 – 2023, (USD Million)

5.9.2    Global demand in underwater communications by region, 2013 – 2023, (USD Million)

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