United States Li-Fi Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 120 Pages I Mordor Intelligence
The US Li-Fi market is expected to register a CAGR of 67.5% over the forecast period, 2022 to 2027.
Key Highlights
The growing demand for high-speed networks and increasing demand for energy-efficient solutions are some of the major factors driving the adoption of Li-Fi technology in the United States. This growing number of smart devices and connected devices also resulted in the generation of a massive amount of data, which is pushing the existing Wi-Fi, 4G, and other networking technologies to their limit. Therefore, Li-Fi technology can help overcome these issues by providing high-speed connectivity, additional bandwidth, and higher security benefits.
Also, Li-Fi has the capability to support big data, and technologies like augmented AI, ML, AR/VR, and IoT, among others. Li-Fi is a disruptive technology that is poised to impact many industries. The technology can unlock the potential of IoT, driving Industry 4.0 applications and leading to the upcoming light-as-a-service (LaaS) in the lighting industry.
The growth and increase in the lifetime of LED lightening have led to the formation of new commercial prototypes in the lightening industry. In Li-Fi technology, visible light coming from LED bulbs acts as a carrier for data and can reach any devices which are illuminated by it. The flickering of the LED bulb creates a signal for the receiver device and thereby transmitting data. This wireless optical networking technology has the potential to transmit data up to a speed of 224 GB per second and is about 100 times faster than Wi-Fi. Li-Fi can be installed in any house, commercial building, aircraft, streets, and others. It has vast usage in the future and holds immense potential. Without any new arrangement, Li-Fi can be used from existing LED bulbs in houses. It can be installed in street lights as well and can provide internet to each and every person walking on the streets.
One of the major benefits of Li-Fi technology using light waves instead of radio waves for transmitting data is the enhancement of data safety and security. Data stealing will be difficult as Li-Fi does not transmit through walls. Infinite bandwidth of light and limited radiation exposure is one of the reasons for selecting Li-Fi over Wi-Fi. The device has both in developed and developing nations. In developing nations where the government is focusing on improving communication and internet penetration, Li-fi has the potential for transmitting uncongested and noise-free signals, which Wi-Fi fails to provide.
Also, Li-Fi is much more cost- and environment-friendly compared to Wi-Fi. As internet connectivity is becoming a basic necessity in this century and people are looking for hassle-free fast internet, the spread of Li-Fi in the United States is expected to grow steadily in the future.
In the United States, the Li-Fi market will grow mostly in small to medium-size homes, making it smart and more efficient. The local population in the United States has a high adaptable city which is even higher than the world average. Any new technology is considered and applied in the United States if found to be useful. The cost of installing Li-Fi will be higher than a Wi-Fi modem, and it can be installed with any current internet plan. Instead of a Wi-Fi router, customers can install Li-Fi in their houses through LED bulbs and tubes, which not just save energy but also provides high-speed data with security.
However, physical barriers, such as walls and doors, limit the operational scope of a Li-Fi-enabled LED light. Thus, the data transmitted by a Li-Fi product remains confined within a close-spaced because light cannot penetrate opaque objects and has a shorter range.
USA Li-Fi Market Trends
Indoor Applications are Expected to Register a Significant Growth
Smart buildings have begun adapting to accommodate their residents to improve the resident's comfort and user experience by knowing the locations of each occupant and then providing location-based services, such as logistics, intelligent car parking, health monitoring, and shopping assistance. In addition to indoor shopping assistance, location-based services are also playing a crucial role in the reduction of building energy costs. The primary idea of the Li-Fi technology is to utilize the visible light from an LED light bulb in order to transmit high-speed data to a photodetector, which is connected to a smartphone or tablet.
Currently, the more sensitive GPS, with the help of various satellites, is helping in positioning. However, its accuracy is not good enough to provide precise locations within a building, as its error range is quite larger than what is required inside an indoor space. Some other indoor positioning systems also exist that work like the GPS, like Locata, which sends beacon signals that can cover large areas and penetrate walls, and Nokia, which uses beacons that send out Bluetooth signals that are detectable by any Bluetooth-enabled device but cover only a few square meters.
The rising growth in the usage of LED lamps in buildings for lighting also provides enormous opportunities for Li-Fi-based applications. As Li-Fi primarily combines the functions of high-speed wireless data communication and indoor lighting infrastructure, it is very cost-effective to be utilized in smart buildings.
As long as they are in close proximity to a nearby LED lamp, smart building residents can easily get access to internet service without extra hardware cost (such as a Wi-Fi router or cables). When smart building residents walk inside a smart building, the indoor LED lighting will offer free wireless internet connection service.
There is a very high scope for wireless communication in the medical field, as devices such as infusion pumps, defibrillators, monitors, lung ventilators, and anesthesia machines utilize Wi-Fi. However, there is a prevalent issue of frequency-overlapping while using Wi-Fi for applications, such as MRI scanning, which can be overcome by implementing Li-Fi.
Li-Fi can be utilized to get internet access to monitor the patients instead of other radio waves and causing overlapping of signals. There is probation on the use of mobiles in a few areas in the hospitals due to the radio waves overlapping problems, which can be further avoided by implementing light fidelity in the hospitality system.
The United States is Expected to Witness Significant Growth Opportunities
The rapid advancements in information technology, such as wireless sensor networks, the Internet of Things (IoT), Big Data, and smartphones, have significantly resulted in the development of smart buildings in the region. The penetration of smart homes in the region is further expected to rise owing to the advancement in multiple technologies, thereby offering several opportunities for Li-Fi in the region.
Moreover, according to the US Green Building Council, buildings contribute a significant portion of energy consumption in the country. It was reported that buildings account for 70% of electricity load and 39% of carbon oxide emissions. Given an occupant's accurate indoor location, a building management system (BMS) is capable of offering highly-efficient heating, cooling, ventilation, and lighting service to the occupant.
High illumination, long life, and low power consumption have led to the implementation of LED as a primary component in Li-Fi systems across the United States. The government's promotions for smart LED bulbs in developed countries, such as the United States and Canada, are expected to provide a massive infrastructure base to the Visible Light Communication (VLC) system providers.
Also, the increasing applications of indoor location-based services embedded with light fixtures in the retail shops and hotels in the region are also anticipated to be one of the factors driving the growth of the market in the region. Various companies, such as GE Lightings and ByteLight Inc., have been deploying VLC installations in supermarkets, which, in turn, is helping retailers to tie customers' shopping history by tracking their location details.
Additionally, the utilization of Li-Fi in marine and subsea applications is also manifold. For instance, the US Navy presently uses a slow and antiquated system for underwater communication that does not quite jibe well with the poor acoustics that lies underwater. As a result, the US Navy is developing cutting-edge communication technology using Li-Fi to counter the problem of subsea communication. Further, for use in petrochemical plants or on airplanes, Li-Fi emissions are considered to be a great solution since Wi-Fi tends to interfere with onboard electronics.
The future applications that the US government has in mind for Li-Fi could serve a much bigger purpose than just for underwater, airplane, and chemical plant usage. Presently, the Federal Communications Commission has explained cautions of crowding in wireless communications since the radio frequency spectrum is beginning to get full.
USA Li-Fi Market Competitor Analysis
The vendor list is not provided as a part of the scope, but some of the major players operating in the industry include Panasonic, Philips, Renesas, Siemens, pureLifi, etc. These players do not have their headquarters in the United States but are well-positioned with multiple offices in the United States. The major players are increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, and increasing investments in research and development.
April 2021: pureLiFi announced a new deal to supply the US Army with Kitefin, a next-generation optical wireless communication system using Li-Fi for secure data transmission without radio frequencies. By harnessing the light spectrum, Li-Fi can unleash more reliable wireless communications with unparalleled security compared to conventional technologies, such as cellular, Wi-Fi, and Bluetooth.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of the Impact of COVID-19 on the Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Huge Demand for Specialized Internet Technologies
5.1.2 Low Energy Consumption
5.1.3 Faster and Safe Data Transfer
5.1.4 High Bandwidth
5.1.5 Vast Applications
5.2 Market Restraints
5.2.1 Limited Range
5.2.2 Cannot Substitute Wi-Fi Completely
5.2.3 Scattered Internet Penetration
5.2.4 Transmission can be Easily Disrupted
5.3 Market Opportunities
5.3.1 Smart Homes and Smart Cities
5.3.2 Offices Requiring High Speed Internet
5.3.3 Railways and Airlines
6 MARKET SEGMENTATION
6.1 Cities
6.1.1 New York
6.1.2 Los Angeles
6.1.3 Chicago
6.1.4 Houston
6.1.5 Philadelphia
6.1.6 Washington
6.1.7 Other Cities
6.2 Estimated Usage
6.2.1 House
6.2.2 Corporate Office
6.2.3 Railways and Airlines
6.2.4 Airways
6.2.5 Retail Stores/Supermarkets/Hypermarkets
6.2.6 Hotels
6.2.7 Others
6.3 Types
6.3.1 LED
6.3.2 Photodiodes
6.3.3 Microcontrollers
6.3.4 Other Types
7 INVESTMENT ANALYSIS
8 RECENT DEVELOPMENTS AND TRENDS
9 FUTURE OF THE MARKET
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.