Major companies operating in the global Li-Fi market include PureLi-Fi Ltd., Velmenni R&D Pvt. Ltd., Philips Lighting B.V. (Philips Lighting), VLNComm Inc. (VLNComm), Panasonic Corporation, Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc., General Electric, and LightBee Corporation.
Li-Fi (light fidelity) is a visible light communications (VLC) system which provides wireless communications at very high speed. Li-Fi is a technology used for wireless communication by using light to transmit data. Li-Fi uses LED bulbs for data transmission. Li-Fi provides higher speed than Wi-Fi. Li-fi technology is faster and it provides more reliable internet connections, and is capable of catering to the demand of high data usage
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The global Li-Fi market can be segmented based on component, application, end-user, and geography. Based on component, the market can be bifurcated into LED, photo detector, microcontroller, and others. The LED segment dominates the global Li-Fi market. In terms of application, the Li-Fi market can be divided into smart lighting, mobile connectivity, disaster management, vehicle and traffic management, and others. Based on end-user, the market can be categorized into automotive, education, retail, healthcare, government, aerospace & defense, power & utilities, chemical, transportation, media & entertainment, IT & telecommunications, and others.
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Key players operating in the global Li-Fi market are focusing on strengthening their presence through research and development, product launches, collaborations and partnerships, and acquisitions. For instance, in February 2017, Philips Lighting B.V. (Philips Lighting) acquired Luciom, a Li-Fi technology provider headquartered in France. In September 2017, PureLiFi Ltd. partnered with Wipro Lighting Ltd., a provider of LED and conventional lighting products headquartered in Bengaluru, India. Through this partnership, PureLiFi Ltd.aims to provide LiFi products for the Asian market. Moreover, in February 2018, PureLiFi Ltd. introduced integrated Li-Fi for laptop and phone.