Technology continues to drive innovation. The growing need for green technological solutions SSL, along with sensors and controls, is set to be worth $3 billion by 2020. Increasing applications within the field of wireless technology will drive its demand. The development of the technology has made intelligent lighting possible. Solid-state lighting is set to become all pervasive within the next few years. As network traffic continues to increase, the spectrum will continue to approach congestion until all frequencies are no longer available, thus, driving the spectrum crunch. To make wireless connection possible, various frequencies in the radio frequency (RF) spectrum are used.īut the RF spectrum is a finite resource. This is due to the fact that demand for wireless technology has been steadily increasing over the years. Throughout the years, there have been talks of an impending spectrum crunch. However, they also forecast that its impact will lessen due to a growing demand for wireless connectivity as well as the news of impending higher data rates.Īside from the trends mentioned above, several key market trends have shaped the evolution of LiFi technology and will continue to create demand for LiFi products and drive innovation. Industry experts fear that these misconceptions, along with its relative anonymity, will restrain growth in the coming years. Additionally, there are several misconceptions surrounding its nature that continue to surround it.
However, due to it being a relatively new technology, there is little awareness surrounding the technology. Thus, it is seen that more and more sensitive sectors will adopt the new technology. As the technology involves the visible spectrum of light, it is expected to have minimal impact on human health. Rising demand from sensitive environments such as hospitals, medical centers, and schools will more than likely fuel its growth further in the next five years. This includes environments such as healthcare, hazardous industries, and the aviation sector, among others. Instead, it will complement WiFi in environments considered unsuitable for it. Due to its use of the visible light spectrum, experts do not expect LiFi to serve as a replacement for WiFi. This is according to a report published in 2015.Īn increase in the demand for 3G and 4G technology as well as the impending RF spectrum crunch is expected to drive the global LiFi market. expects the size of the LiFi market to grow at 80.8% CAGR from 2016 to $75.5 billion by 2023. In 2015, the LiFi market size was valued at $630 million. As a disruptive technology, LiFi is poised to make an impact in many industries as it is expected to register a CAGR of over 70.54% over the next five years. This growth is expected to sustain for the next 10 to 15 years with the advent of technologies dependent on connectivity.
In the last 10 years, the compound annual growth rate (CAGR) of wireless traffic has been 60%. On this page, you can find an overview of the LiFi products currently available on the market.ĭo you know a LiFi product that isn’t listed on this page yet? Please get in touch with us on this page. A lot of companies are working on developing LiFi solutions and improving LiFi technology.
New LiFi products are getting launched faster than ever before.
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