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    Europe Li-Fi Market Size By Application (Indoor Networking, Aerospace, Automotive, Healthcare, Location-based Services, Underwater Communication, Defense & Security, Intrinsically Safe Environments), By Component (Microcontroller, Photodetector, LED), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2030
    Published Date: April 2021   |   Report ID: GR1765   |   Delivery: PDF  Request Free Sample

    Europe Li-Fi Market size crossed USD 30 million in 2019 and is expected to record a CAGR of around 50% from 2020 to 2030.

    Increasing investment for smart city development in Europe is fueling the demand for Visible Light Communication (VLC) technologies such as Li-Fi. Government authorities are leveraging cellular and advanced wireless technologies to connect & improve infrastructure, efficiency, convenience, and the lifestyle for residents through the development of these smart cities. Residents of these cities engage with smart city ecosystems through smartphones, mobile devices, connected cars, and homes. These applications are generating a rapid demand for high-quality communication networks in the region.

    Europe Li-Fi Market

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    End-users in the Europe commercial sector are adopting Li-Fi technology to enhance speed, safety, and security in offices. For instance, in July 2017, Sogeprom S.A., a real estate company based in Paris, adopted Li-Fi technology for high-speed internet connectivity in its office. The technology was provided by PureLiFi and the lighting system was provided by Lucibel. A Li-Fi-enabled dongle was inserted into the employees’ computers provides high-speed internet.

    The Europe Li-Fi industry witnessed a sluggish growth in 2020 and 2021. Market factors including slow business growth, reduction in consumer disposable income, and rapid rise in unemployment have contributed to the low demand for advanced technologies such as Li-Fi. With the rising impact of the pandemic, patrons in the region have delayed the adoption of advanced and expensive technologies, hindering the market growth.

    Europe Market, By Application

    The location-based services will witness a rapid demand through 2030. Li-Fi technology enhances the users’ shopping experience by providing precise location information services. In addition, it also provides pop-ups regarding recent product offers in the stores, thereby assisting shop owners in increasing their sales. Li-Fi technology also generates a reminder regarding product supply shortage across the store.

    The increasing implementation of Li-Fi in healthcare facilities is driven by ongoing research in Europe. Companies in the Li-Fi market are collaborating with research institutes to test the performance of the technology in healthcare. For instance, in November 2018, VDA Group conducted the AAL X AAL project in partnership with the University of Udine and Solari Spa, Italy to allow wireless data connectivity in the healthcare sector.

    Competitive Industry Landscape

    Key players active in the Europe Li-Fi market include General Electric, Oledcomm, NAV Technologies, Integrated System Technologies Ltd., PureLiFi, VLNComm, and Signify.

    These companies focus majorly on new product launches to enhance their service offerings. In June 2019, Signify launched the Trulifi transceiver, a Li-Fi-enabled equipment that can be placed on the surface of luminaires and LEDs. This device offers a data transmission speed of over 150 Mbps, aiding the company to enhance its product portfolio of Li-Fi systems.

    Frequently Asked Question(FAQ) :

    How is Europe Li-Fi market fare projected to grow through 2030?
    The market for Li-Fi in Europe had surpassed USD 30 million in 2019 and will register a CAGR of around 50% up to 2030.
    What factors are driving the growth of Europe Li-Fi sector?
    The industry for Li-Fi in Europe will register substantial gains in coming years owing to burgeoning demand for Visible Light Communication (VLC) technologies driven by rising investment for smart city development.
    Why is location-based services in Europe Li-Fi industry witnessing significant expansion?
    Location-based services will witness a heightened demand through 2030 as Li-Fi technology provides enhanced shopping experience to users by providing precise location information.
    How will commercial sector impact Europe Li-Fi segment?
    Commercial sector in the region is emerging as a lucrative end-use segment for Europe market on account of increasing adoption of the technology for enhancing speed, safety, and security in offices.

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