Home / Technology & Media / LIFI Building Automation Market by Type (Indoor, Outdoor) by Distribution Channel (Industrial, Commercial, Residential)- Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

LIFI Building Automation Market by Type (Indoor, Outdoor) by Distribution Channel (Industrial, Commercial, Residential)- Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

Published Date: Feb 2022
|
Report ID: 60493
|
Report Format: PDF
Technology & Media
|
Pages: 128
|
Rating: 4.4 (43)

LIFI Building Automation Market Analysis

The LIFI Building automation market will undergo double-digit growth over the next 10 years. This will be due to a number of factors. The most vital among them will be developments in AI since LiFi building automation is based on it.

There are several inherent benefits to LiFi, so it will be central to IoT, AI, and other emerging technologies. This signalling technology takes advantage of the infrared and visible light spectrum to transfer data at very rates that are much higher than what WiFi is currently capable of.

lifi-building-automation-market

Global LIFI Building Automation market is expected to witness CAGR of 65% during the forecast period. The revenue generated by the global LIFI Building Automation market in 2021 was over USD 283.43 million and expected to generate revenue worth USD 9,437.00 million in 2028. The incremental growth opportunity offered by the global LIFI Building Automation is estimated to be USD 23.51 billion between 2022 and 2028.     

Interesting Facts about LIFI Building Automation Industry

  • LIFI Building Automation facilitate high speed data transmission
  • LIFI Building Automation is expected to witness multi-fold growth during the next few years
  • LIFI communication cannot penetrate through walls
  • Li-Fi is a derivative of optical wireless communications (OWC) technology
  • Instead of RF waves, Li-Fi uses ultraviolet, infrared and visible light communication

LIFI leverages light sources to keep you connected with the internet. This may sound implausible to many people, but the technology is under development and will soon become a reality. This is what wireless connectivity will evolve into. LIFI is short for Light Fidelity. This is an optical wireless networking technology that uses LEDs to transmit data. Just think of it as a WiFi system based on light rather than radio waves.

An LED light source gives off light when a constant current passes through it. Small energy packets known as photons are emitted in the form of visible light. As LEDs are basically semiconductors, it is possible to modulate them at tremendous speeds, thereby allowing data transmission. The light signals are captured by a photodetector device that generates a current that depends on the intensity of input light. Residential, Commercial and Industrial are major application markets for LIFI Building Automation.

Li-Fi Technology is Still Being Researched

This technology is currently under development. This revolutionary technology can allow internet access in remote areas where it may not be possible to transmit radio frequencies at high efficiency.

LIFI will prove to be a revolutionary technology since it is based on the function of LEDs. Since light waves have a much shorter frequency than radio waves, it has greater and thus the potential for much higher data rates. LEDs may be deployed in the future for LIFI transmission, giving rise to a cleaner form of data networking.

Need for High Speed

Wireless data is the key to modern technology. WiFi is in use almost everywhere. However, it will soon prove to be inadequate. This is because there will be no more free electromagnetic spectrum left to transmit data. Internet users are increasing fast that there will be no more electromagnetic spectrum left to transfer information. This scenario is known as the spectrum crunch. Spectrum crunch is a situation where electromagnetic spectrum is not available to give internet access to new users. Hence, this scenario has immense ramifications for modern communications.

Although WiFi is being used currently for transmitting data wirelessly, it will not be able to keep pace with the increasing number of internet users. As a result, WiFi  will be unable to fulfill the demands of the future. Lifi will prove to be a game changer because its spectrum has a thousand times greater capacity than the spectrum that we are currently using. Hence, the future of LIFI is, well, bright.

Indoor and Outdoor are two major segments of LIFI Building Automation industry. LightBee Corp., Lucibel SA, LVX System, Oledcomm SAS, pureLiFi Ltd, Renesas Electronics Corporation, Signify Holding BV, SLD laser and Velmenni OU are some of the prominent players in the global LIFI Building Automation market.

Frequently asked questions about global LIFI Building Automation industry

There was very little impact of COVID 19 on global LIFI Building Automation industry growth rate and the industry has shown 60% growth rate for year 2020

U.S. is the largest regional market with highest share in the total volume of LIFI Building Automation consumed in 2021

Growing smart building and building automation is driving demand for LIFI Building Automation

Indoor segment dominated the LIFI Building Automation market in 2021 with over 55% share

LIFI Building Automation facilitate very high speed data transmission with no upper cap on its capacity

LIFI Building Automation Report Scope

Report Attribute Details
Market Value in 2021 USD 283.43 million
Market Value in 2028 USD 9,437.00 million
CAGR 65% between 2021 and 2028
Past data 2016 – 2021
Forecast period 2022 – 2028
Segments covered

Type

Indoor

Outdoor

Application

Residential

Commercial

Industrial

Major Players Analysed LightBee Corp., Lucibel SA, LVX System, Oledcomm SAS, pureLiFi Ltd, Renesas Electronics Corporation, Signify Holding BV, SLD laser and Velmenni OU
Cost of the Report Write us at [email protected]
Choose License Type
Connect With Us
+1-408-641-3282
24/7 Research Support