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Accelerated Growth of IIoT and Building IoT Applications Powers Future Growth Potential
Li-Fi and optical camera communications (OCC) are emerging light communication technologies that have gained traction in the past few years in indoor and outdoor wireless communications. Li-Fi is a networked, bi-directional wireless communication technology that uses light to transmit/receive massive amounts of data at higher speeds for short-range communications. The study scope includes Li-Fi hardware components and OCC hardware and software components for market sizing and forecast. Li-Fi hardware includes mainly two components: 1) the Li-Fi access point, a Li-Fi-enabled LED lighting fixture and 2) a Li-Fi dongle as the photodetector to receive light signals and transmit data back. OCC’s main components include: 1) the OCC access point, similar to Li-Fi, integrated into a LED fixture module, 2) a modem with a unique identifier for modulation of light, 3) an optical image sensor to receive light signals on a smartphone’s front/rear camera, and 4) a cloud-based software platform to perform occupant analytics.
Increasing data volumes, along with the overcrowded Wi-Fi spectrum and demand for sophisticated network security and reliable network speed, spur demand for Li-Fi deployments in the critical and smart infrastructure segments. However, the high upfront cost of Li-Fi hardware and implementation and delay in integration of Li-Fi in electronic devices are expected to impact demand. The explosive growth of IoT and connected devices in buildings and factories drive demand for Li-Fi deployments in the office, retail, manufacturing industries, and other end-user segments. OCC is another emerging and promising communication technology anticipated to witness multifold growth through deployments in retail, offices, conferences, exhibitions, and museums for indoor navigation, indoor positioning, push notification, and broadcast communication applications in the next 5 to 7 years.
Frost & Sullivan projects device integration, laser-based Li-Fi, ultra-sensitive photodetectors, and the emergence of new use cases for critical and smart infrastructure segments to accelerate Li-Fi and OCC deployments in the forecast period. Market revenues are forecast to reach the billion-dollar mark at a 51.6% compound annual growth rate by 2027.
The study includes market analyses by region and end-user vertical and best practice examples and use cases.
Author: Anirudh Bhaskaran
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Li-Fi and Optical Camera Communications Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Li-Fi and OCC Market Scope of Analysis
Key Growth Metrics for Li-Fi and OCC Market
Projected Data Access Demands of Radio Frequency and Li-Fi Technologies
Distribution Channels for the Li-Fi and OCC Market
Growth Drivers for the Li-Fi and OCC Market
Growth Restraints for the Li-Fi and OCC Market
Forecast Assumptions and Methodology—Li-Fi and OCC Market
Revenue Forecast—Li-Fi and OCC Market
Revenue Forecast by Region—Li-Fi and OCC Market
Revenue Forecast Analysis—Li-Fi and OCC Market
Revenue Forecast by End-User Vertical—Li-Fi and OCC Market
Revenue Forecast Analysis by End-User Vertical—Li-Fi and OCC Market
Competitive Environment—Li-Fi and OCC Market
Revenue Share—Li-Fi and OCC Market
Revenue Share Analysis—Li-Fi and OCC Market
Key Growth Metrics for the Li-Fi and OCC Market—North America
Revenue Forecast for the Li-Fi and OCC Market—North America
Revenue Forecast by End-User Vertical for the Li-Fi and OCC Market—North America
Projected Customer Adoption for the Li-Fi and OCC Market—North America
Revenue Forecast Analysis for the Li-Fi and OCC Market—North America
Key Growth Metrics for the Li-Fi and OCC Market—Europe
Revenue Forecast for the Li-Fi and OCC Market—Europe
Revenue Forecast by End-User Vertical for the Li-Fi and OCC Market—Europe
Projected Customer Adoption for the Li-Fi and OCC Market—Europe
Revenue Forecast Analysis for the Li-Fi and OCC Market—Europe
Key Growth Metrics for the Li-Fi and OCC Market—Asia-Pacific
Revenue Forecast for the Li-Fi and OCC Market—Asia-Pacific
Revenue Forecast by End-User Vertical for the Li-Fi and OCC Market—Asia-Pacific
Projected Customer Adoption for the Li-Fi and OCC Market—Asia-Pacific
Revenue Forecast Analysis for the Li-Fi and OCC Market—Asia-Pacific
Key Growth Metrics for the Li-Fi and OCC Market—Rest of World
Revenue Forecast for the Li-Fi and OCC Market—Rest of World
Revenue Forecast by End-User Vertical for the Li-Fi and OCC Market—Rest of World
Projected Customer Adoption for the Li-Fi and OCC Market—Rest of World
Revenue Forecast Analysis for the Li-Fi and OCC Market—Rest of World
Li-Fi for Mission Critical Processes—Dutch Armed Forces
Li-Fi for Commercial Establishments
Li-Fi for Institutional, Disaster Response, and Defense Applications
Li-Fi for Critical Healthcare Support
Li-Fi for Smart Village Applications
OCC for Commercial Segments
Growth Opportunity 1: New Use Cases in Smart and Critical Infrastructure Projects to Advance Li-Fi Growth
Growth Opportunity 1: New Use Cases in Smart and Critical Infrastructure Projects to Advance Li-Fi Growth (continued)
Growth Opportunity 2: Explosive Growth of IIoT to Accelerate Li-Fi Deployments in the Manufacturing Segment
Growth Opportunity 2: Explosive Growth of IIoT to Accelerate Li-Fi Deployments in the Manufacturing Segment (continued)
Growth Opportunity 3: Increased Penetration of IoT Devices and Demand for High Bandwidth Connectivity to Accelerate Li-Fi Deployments in Commercial Buildings
Growth Opportunity 3: Increased Penetration of IoT Devices and Demand for High Bandwidth Connectivity to Accelerate Li-Fi Deployments in Commercial Buildings (continued)
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Anirudh Bhaskaran |
| Industries | Environment |
| WIP Number | PBE9-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9343-A4,GETE |