Global Wi-Fi and Li-Fi Market By [Deployment Mode (Indoor Wi-Fi, Outdoor Wi-Fi, & Transportation Wi-Fi), Products (Access Points, WLAN Controllers, Wireless Hotspots Gateways, & Others), Services (Network Planning & Design, Installation, Support, & Others), Verticals (IT & Telecom, Education, BFSI, Healthcare, Retail, Public Sector, & Others), and Regions (Americas, Europe, Asia Pacific, & Middle East)] And Li-Fi Market By [Components (LED, Photodetectors, and Microcontrollers), Verticals (Underwater Applications, Aerospace, Education, Healthcare, Traffic Management, Defence & Communication Security, Indoor Networking, & Others), and Regions (Americas, Europe, Asia Pacific, & Middle East)] – Drivers, Opportunities, Trends, and Forecasts upto 2022

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Wi-Fi and Li-Fi Market Overview:

Wired networks incur gamut components for installing internet connection. It not only surges cost, but complete installation of the components such as switches, hubs, and Ethernet cables etc. drives in multiple complexities. To overcome such challenges, Wi-Fi has emerged as great alternative. This technology implements high-frequency radio waves instead of wired networks. Similar to Wi-Fi, another technology Li-Fi has emerged that uses visible light communication instead of radio signals. Li-Fi delivers high-speed in a much more secure way that even the latest Wi-Fi advancements cannot offer. Li-Fi allows 100 times faster data transmission than Wi-Fi, making it more competent.

Wi-Fi and Li-Fi Market Analysis:

The Wi-Fi and Li-Fi markets are estimated to witness a CAGR of 15.0% and 61.3%, respectively during the forecast period upto 2022. The Wi-Fi market is analyzed by deployment mode, products, services, verticals, and regions whereas Li-Fi market is analyzed by components, verticals, and regions. Increasing productivity, high speed, reliable & secure communication, and flexibility are the main reasons to switch to wireless Wi-Fi and Li-Fi technology. The Li-Fi market is emerging and being developed, which would likely lead to an increase in the adoption of Li-Fi in the next 5–7 years.

Wi-Fi and Li-Fi Market Regional Analysis:

The Americas is set to be the leading region for the Wi-Fi and Li-Fi market growth followed by Europe and Asia Pacific for the adoption of technologies. Asia Pacific is known for improvements in infrastructure and IT investments by MNCs. Thus, the region will have enormous potential for Wi-Fi connections. MEA is set to be the emerging region with a lot of opportunities and is expected to reach $4.09 billion (Wi-Fi) and $827.9 million (Li-Fi), respectively by 2022.

Wi-Fi and Li-Fi Market Vertical Analysis:

The major verticals covered in the report are IT & telecom, education, healthcare, BFSI, retail, aerospace (in-flight operations), traffic management, underwater applications, and indoor networking. Globally, the industry players are showing interest towards Wi-Fi and Li-Fi technology. The Wi-Fi technology is already being incorporated and is widely accepted in IT & telecom, education, and healthcare sectors due to the organization’s shift towards wireless ecosystem. The indoor networking segment is set to be the leading vertical for Li-Fi technology. The market revenue for indoor networking and traffic management is expected to reach $654.2 million and $5,509.4 million, respectively by 2022.

Wi-Fi and Li-Fi Market Key Players:

pureLiFi, IBSENtelecom, Alcatel-Lucent, Ericsson, Hewlett-Packard Enterprise (HPE), Cisco, Lucibel, Ruckus Wireless, GE Lighting, Renesas Electronics Corp., LIGHTBEE, Velmenni, and Oledcomm S.A.S.

Wi-Fi and Li-Fi Market Competitive Analysis:

The Wi-Fi & Li-Fi are becoming demanding technologies. There are enormous business opportunities for new players entering the market and collaborating with large players in providing various products and services. Especially for Li-Fi technology, new start-ups are coming with technologically advanced products, services, and solutions in the market and are expected to see double-digit growth in the next 5–7 years. In this space, collaboration and merger & acquisition activities are expected to continue.

Wi-Fi and Li-Fi Market Benefits:

The report provides an in-depth analysis of the Wi-Fi and Li-Fi market aiming to understand the networking environment. The report talks about deployment mode, products, services, components, verticals, and regions for both Li-Fi and Wi-Fi. The key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives towards the adoption in the next 5–7 years. Moreover, the report provides details about the major challenges impacting the market growth.

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Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

infoholic Research Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.