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 Analysis

The LIFI Building automation market will undergo double-digit growth over the next ten years. This will be due to several 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 signaling technology takes advantage of the infrared and visible light spectrum to transfer data at the same rates that are much higher than what WiFi is currently capable of.

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The global LIFI Building Automation market is expected to witness a 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 is expected to generate revenue worth USD 9,437.00 million in 2028. Therefore, 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 facilitates 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, 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. As a result, small energy packets known as photons are emitted as visible light. As LEDs are 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 more significance and thus the potential for much higher data rates. Therefore, 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 no more free electromagnetic spectrum will be 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 the electromagnetic spectrum is unavailable to give new users internet access. Hence, this scenario has immense ramifications for modern communications.

Although WiFi is currently being used 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 future demands. On the other hand, 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 significant segments of the 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