Lighting their way to connectivity – The advent of LiFi

LiFi has surfaced as a game changer in the world of wireless communications which has for long relied on radio frequencies for the transmission and exchange of information. Visible Light Communication and through it LiFi, the scope and bandwidth for these wireless communications has increased manifold, thus opening up several new avenues for connectivity. The visible light spectrum, which is 1000 times larger than the radio spectrum has the potential to provide high speed internet connectivity, given that this spectrum is largely untouched and the radio frequency spectrum, a limited source, is fast diminishing. With the advent of Internet of Things and Machine to Machine communications, millions of devices will need uninterrupted wireless internet connectivity in the near future. LiFi is the prospective solution.

Ever since LiFi was presented to the world in 2011, the technology as a market has been rapidly growing. The emergence of startups developing and providing LiFi solution has given the market a further boost, along with the fact that several established lighting and semiconductor companies are partnering and collaborating with these start-ups to deliver complete LiFi solutions. While LiFi is yet to be standardized, several commercial products have begun to enter the market and with the IEEE Working Committee and industry players working towards standardization, the market is set to receive a major push.

LiFi has already begun to see its implementation across a wide range of applications like Retail, Enterprise, Healthcare, Smart Cities, Underwater Communications, and Museums. These areas are expected to witness ever increasing application of the technology as the market becomes better informed about the benefits of LiFi. Moreover, several new application areas such as Industries are expected to be served by LiFi in the near future. The recent market report titled ‘VLC and LiFi Market – Global Analysis and Forecast, 2018-2023’ will throw light on these aspects of the LiFi market and its growth prospects.

With the radio frequency spectrum inching towards its brink, there is expected to be unprecedented growth and demand in the market for LiFi. The market presents several new avenues for new entrants which, although, a major threat to existing players, is a playground for competitiveness and growth. Some key players of the market are pureLiFi, VLNComm, OLEDComm, Velmenni, Firefly LiFi, nextLiFI, Philips Lighting, Osram, and Lucibel, among others.

The recent market report titled ‘Visible Light Communication and Light Fidelity (LiFi) Market-Global Analysis and Forecast, 2018-2023’ will throw light on these aspects of the VLC and LiFi market and its growth prospects.

 Our next blog will talk about revenue potential and offer more granularity on this industry.