The Asia Pacific Light Fidelity Market should witness market growth of 47.3% CAGR during the forecast period (2022-2028).
Li-Fi technology is able to give businesses and corporate offices more specialized network access. Network connectivity can be managed more successfully in various locations with various lighting. For instance, overhead desk lighting can give users access to particular business networks and systems. But guest networks can be accessed in other workplace locations owing to overhead illumination. Corporate offices may have more control over theuse oftheir networks, which would consequently increase security.
Furthermore, as thistechnology does not rely on RFwaves, it is appropriate for locations with weak RF spectrum signals and restricted access to radio frequency. Several end-use industries, including those in the automobile, healthcare,retail, aerospace & defense, government, education, and transportation, can benefit from Li-Fi technology.
To obtain a competitive edge in the industry, many important firms, as well as communication service providers (CSP),are concentrating on providing improved and advanced Li-Fi solutions. To meet the growing customer demand, key companies are increasingly concentrating on R&D expenditures in the market.Additionally, the growing customer preference for VLC technologies and smart citiesis anticipated to offer a wide range of growth prospects for new market participants.
The region is investing heavily in technology to upgrade its internet network, which offers tremendous opportunities for market participants.Li-Ficompetes with Wi-Fi in thisregion, where Wi-Fi is crucial to modernizing the region's digital economy. According to some local industry experts, installing Li-Fi in conjunction with Wi-Fi can offer extra bandwidth to reduce network congestion and speed up streaming and downloading.Furthermore, compared to the average Chinese internet connection, a high-quality VLCsystem would be quicker and less expensive. For this reason, the government ofChinahas been funding research and development of Li-Fi technology. Each of these drivers will contribute to the regional light fidelity market's expansion throughout the forecasted period.
The China market dominated the Asia Pacific Light Fidelity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $286.5 million by 2028. The Japan market is experiencing a CAGR of 46.4% during (2022-2028). Additionally, The India market would experience a CAGR of 48.2% during (2022-2028).
Based on Component, the market is segmented into LED, Microcontrollers, Photodetector, and Others. Based on End-Use, the market is segmented into Healthcare, Retail, Education, Aerospace & Defense, Automotive, Government, Transportation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Li-Fi technology is able to give businesses and corporate offices more specialized network access. Network connectivity can be managed more successfully in various locations with various lighting. For instance, overhead desk lighting can give users access to particular business networks and systems. But guest networks can be accessed in other workplace locations owing to overhead illumination. Corporate offices may have more control over theuse oftheir networks, which would consequently increase security.
Furthermore, as thistechnology does not rely on RFwaves, it is appropriate for locations with weak RF spectrum signals and restricted access to radio frequency. Several end-use industries, including those in the automobile, healthcare,retail, aerospace & defense, government, education, and transportation, can benefit from Li-Fi technology.
To obtain a competitive edge in the industry, many important firms, as well as communication service providers (CSP),are concentrating on providing improved and advanced Li-Fi solutions. To meet the growing customer demand, key companies are increasingly concentrating on R&D expenditures in the market.Additionally, the growing customer preference for VLC technologies and smart citiesis anticipated to offer a wide range of growth prospects for new market participants.
The region is investing heavily in technology to upgrade its internet network, which offers tremendous opportunities for market participants.Li-Ficompetes with Wi-Fi in thisregion, where Wi-Fi is crucial to modernizing the region's digital economy. According to some local industry experts, installing Li-Fi in conjunction with Wi-Fi can offer extra bandwidth to reduce network congestion and speed up streaming and downloading.Furthermore, compared to the average Chinese internet connection, a high-quality VLCsystem would be quicker and less expensive. For this reason, the government ofChinahas been funding research and development of Li-Fi technology. Each of these drivers will contribute to the regional light fidelity market's expansion throughout the forecasted period.
The China market dominated the Asia Pacific Light Fidelity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $286.5 million by 2028. The Japan market is experiencing a CAGR of 46.4% during (2022-2028). Additionally, The India market would experience a CAGR of 48.2% during (2022-2028).
Based on Component, the market is segmented into LED, Microcontrollers, Photodetector, and Others. Based on End-Use, the market is segmented into Healthcare, Retail, Education, Aerospace & Defense, Automotive, Government, Transportation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Scope of the Study
By Component
- LED
- Microcontrollers
- Photodetector
- Others
By End-Use
- Healthcare
- Retail
- Education
- Aerospace & Defense
- Automotive
- Government
- Transportation
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Holdings Corporation
- Signify N.V.
- Renesas Electronics Corporation
- Wipro Lighting (Wipro Enterprises Private Limited)
- pureLiFi Limited
- Oledcomm
- VLNComm
- Velmenni
- LiFiComm Tech
- Lucibel SA
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Light Fidelity Market, by Component
1.4.2 Asia Pacific Light Fidelity Market, by End-Use
1.4.3 Asia Pacific Light Fidelity Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Light Fidelity Market by Component
3.1 Asia Pacific LED Market by Country
3.2 Asia Pacific Microcontrollers Market by Country
3.3 Asia Pacific Photodetector Market by Country
3.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Light Fidelity Market by End-use
4.1 Asia Pacific Healthcare Market by Country
4.2 Asia Pacific Retail Market by Country
4.3 Asia Pacific Education Market by Country
4.4 Asia Pacific Aerospace & Defense Market by Country
4.5 Asia Pacific Automotive Market by Country
4.6 Asia Pacific Government Market by Country
4.7 Asia Pacific Transportation Market by Country
4.8 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Light Fidelity Market by Country
5.1 China Light Fidelity Market
5.1.1 China Light Fidelity Market by Component
5.1.2 China Light Fidelity Market by End-use
5.2 Japan Light Fidelity Market
5.2.1 Japan Light Fidelity Market by Component
5.2.2 Japan Light Fidelity Market by End-use
5.3 India Light Fidelity Market
5.3.1 India Light Fidelity Market by Component
5.3.2 India Light Fidelity Market by End-use
5.4 South Korea Light Fidelity Market
5.4.1 South Korea Light Fidelity Market by Component
5.4.2 South Korea Light Fidelity Market by End-use
5.5 Singapore Light Fidelity Market
5.5.1 Singapore Light Fidelity Market by Component
5.5.2 Singapore Light Fidelity Market by End-use
5.6 Malaysia Light Fidelity Market
5.6.1 Malaysia Light Fidelity Market by Component
5.6.2 Malaysia Light Fidelity Market by End-use
5.7 Rest of Asia Pacific Light Fidelity Market
5.7.1 Rest of Asia Pacific Light Fidelity Market by Component
5.7.2 Rest of Asia Pacific Light Fidelity Market by End-use
Chapter 6. Company Profiles
6.1 Panasonic Holdings Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 Signify N.V.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.3 Renesas Electronics Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.4 Wipro Lighting (Wipro Enterprises Private Limited)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 pureLiFi Limited
6.5.1 Company Overview
6.6 Oledcomm
6.6.1 Company Overview
6.7 VLNComm
6.7.1 Company Overview
6.8 Velmenni
6.8.1 Company Overview
6.9 LiFiComm Tech
6.9.1 Company Overview
6.10. Lucibel SA
6.10.1 Company Overview
Companies Mentioned
- Panasonic Holdings Corporation
- Signify N.V.
- Renesas Electronics Corporation
- Wipro Lighting (Wipro Enterprises Private Limited)
- pureLiFi Limited
- Oledcomm
- VLNComm
- Velmenni
- LiFiComm Tech
- Lucibel SA
Methodology
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