APAC Li-Fi Market size is estimated to cross USD 3 billon by 2030, according to a latest forecast report by Graphical Research.
The growing usage of internet in several industry verticals and consumer devices puts a strain on the wireless frequencies available for use. The lack of sufficient wireless frequency spectrum required to support this growing number of devices in Asia Pacific generates a demand for alternate sources of network connectivity. Li-Fi networks combine the visible light spectrum and the infrared spectrum to connect fixed and mobile devices at very high data rates.
High consumer disposable income and changing preferences toward technically advanced luxury cars are supporting the surging demand for connected cars in Asia Pacific. According to the data published by the National Bureau of Statistics, the consumer disposable income in China increased from USD 5,177.2 in 2017 to USD 5,929.1 in 2018. The surge in the disposable income is encouraging consumers to invest in connected car technologies, providing lucrative growth opportunities for the market.
Browse detailed statistical insights from the report, “Asia Pacific Li-Fi Market Size By Component (Microcontroller, Photodetector, LED), By Application (Indoor Networking, Aerospace, Automotive, Healthcare, Location Based Services, Underwater Communication, Defense & Security, Intrinsically Safe Environments), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2030” along with the table of contents (ToC) @
The COVID-19 pandemic adversely impacted the growth of the Asia Pacific Li-Fi industry owing to the imbalance in the electronics sector. Several restrictions in trade and movement due to lockdowns impacted the market for Li-Fi during the first half of 2020. End-users in the region are emphasizing on investing in the healthcare sector as opposed to advanced technologies, slowing down the market growth.
The healthcare applications of Li-Fi technology will witness accelerated growth through 2030 owing to the absence of electromagnetic radiation, such as radio waves, that pose a threat to patients’ health. The rising demand for safe high-speed network connectivity in hospitals and healthcare facilities will drive the market revenue.
Major players in the market are Fujitsu, Lightbee S.L., General Electric, Lucibel, Oledcomm, PureLiFi, NAV Technologies, Signify, Velmenni, SLD Laser, and Renesas Electronics Corporation. Strategies adopted by these companies include mergers and acquisitions. In March 2019, Renesas acquired Integrated Device Technology, Inc., a supplier of analog mixed-signal products including sensors and connectivity & wireless power components. This acquisition aided the company to enhance its product portfolio of microcontrollers, sensors, and detectors by leveraging IDT’s expertise.
The APAC Li-Fi market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2020 to 2030 for the following segments:
Asia Pacific Market, By Component
Asia Pacific Market, By Application
- Indoor networking
- Location-Based Services
- Underwater communication
- Defense & security
- Intrinsically safe environments
The above information has been provided for the following countries:
- South Korea