Proceedings of the SMART–2019, IEEE Conference ID: 46866

8th International Conference on System Modeling & Advancement in Research Trends, 22nd–23rd November, 2019
College of Computing Sciences & Information Technology, Teerthanker Mahaveer University, Moradabad, India

Market Analysis on Li-Fi Technology

Mayank Mohta1, Nidhi Soni2, Tanupriya Choudhury3 and Vivek Kumar4

1,2
Amity University,Uttar Pradesh, Noida, India
3
UPES Dehradun, India
4
Quantum University, Roorkee, India
E-mail: 1maynkmohta@gmail.com, 2 nidhisoni1796@gmail.com,
3
tanupriya1986@gmail.com, 4profvivekkumar@gmail.com

Abstract—Emergence of new industries from evolving
technologies is critical to the global economy. Internet of thing
is a boom to IT industry. A succession of LED market has
advanced the technology with Li-Fi as one of the emerging
technology. Lightning speed and security of Internet has
fascinated many researchers towards Li-Fi. Li-Fi provides
speed of 224Gbps. LEDs are installed in almost each and
every town of the world and installing a micro chip with these
LEDs can convert each light source into Data source which
can lead to transmission of data. In Li-Fi, light emitting diode
is used in order to emit the data which gives us more speed
and flexibility than the Wi-Fi technology. Innovations like
Li-Fi make this planet a greener as well as more secure and
economical way of communication. In this paper, an attempt
has been made to prove how bigger and better is the market of
the Li-Fi technology.
Keywords: Li-Fi, Wi-Fi, Market Analysis, LED Lights
I. Introduction
In 2011, Prof. Harald Hass introduced Li-Fi to the
world at TED Global Conference in Edinburgh, Scotland.
We all can understand the prominence of Light and Internet
in our life. One of the best way to access internet today is
Wi-Fi. Li-Fi is more competent than Wi-Fi because Wi-Fi
provides about 5% of efficiency to the total energy source
delivered. ‘N’ number of base stations for working of Wi-
Fi and very less is the efficiency in return in comparison to
Li-Fi.
Li-Fi technology does the work with the aid of LED
bulbs. Li-Fi emits the data using the Illumination. Data can
be sent using the optics through the LED bulbs. The speed
of it depends upon the intensity of the LED bulbs. Thus the
LEDs acts a vital role in the functioning of Li-Fi.
Exchange of data in Li-Fi is due to the subtle change
in the amplitude of LEDs which is not visible by naked
human eye. For Li-Fi system it needs a LED with router
and receiver of data produced by LED. Rate of change in
amplitude produces the speed of Li-Fi. LEDs are used in
offices, homes and even in industries. These LEDs are also
used in Hospitals and even on roads and in cars. These
LEDs can change the world by adding a micro chip and
connecting them to router where they can exchange the
data and can work as a data source. Visible range in light
spectrum is available to us in large quantity and it does not
affect the atmosphere and is not harmful to nature. Today
our life is depends on the Light so if these lights source can
be used as a source of data communication then Li-Fi will
become one of the greener and easy accessible technologies
for internet users.
II. Literature Review
Many people are acquainted with Wi-Fi (Wireless
Fidelity), which uses 2.4-5GHz RF to convey wireless
Internet access around our schools, offices, homes and
in the public places. We are quite reliant on this nearly
ubiquitous service. But like most of the technologies, it has
its restrictions. Prof Harald Hass demonstrated the practice
of Li-Fi and merits of Li-Fi over Wi-Fi. His research has led
many people to work upon this technology. [1]
Improvement of LEDs with the fast moving has also
contributed in Li-Fi. First there was only red colour LED
that came into market but slowly market has all the colours
of LED. Intensity of LED lights was also improved with
time. Governments of many countries came forward for
the development of LEDs. Prof Harald Hass with many
researchers proved how Li-Fi is different VLC. Prof Harald
Hass and Liang Yin proved how Li-Fi uses the Light
Emitting Diode.
Most of the researchers are functioning in order to
discover a micron size chip so as to make it fit in the smallest
size of LEDS. After all the research work of researchers
it is very easy to determine that this technology will be a
revolutionary technology for the world.
III. Market Research of LED Lights
Many problems are faced in a business regarding the
nature of customer and type of market that will rise in the
coming years. Business Interest and interest of customer
towards a particular interest may sometime vary thus
leading problems in the business in form of sale or stock
to that can be purchased more. Market of LED is very huge
and is dominating then all the other forms of market in
domain of Light. Leading producers of LEDs are producing
different kinds of LEDs according to the need and budget of
people. All this need was understood by market researchers.
Market researchers evaluated nature of LEDs that can be
sold to the people across the globe and then according to

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 LEDs are divided into many categories according to the About 69% adoption of LED in 2020 year states the market
applications like Miniature LEDs, LED strips, LED candle and production of these lights is bright for coming years.
bulbs etc and major ones are:

a. Application
8th International specific.
Conference on System Modeling & Advancement in Research Trends, 22nd–23rd November, 2019
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Applications
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in somef.form. Thus market of LEDs is very huge and good. most street
street lighting.
of lighting.
the countries LEDs are used to have economical
LED tubes
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LEDs are divided into many categories according to strong benefits of LEDs and smart LEDs market
g. Industry high bay lights manyThe strong
countries benefits
are of LEDs
rapidly and smart
urbanizing and theyLEDsneedmarket will
better
d.the
LEDapplications
corn bulbs like Miniature LEDs, LED strips, LED willalways
alwaysremain young and some challenges must be overcome. be
remain young and
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some challenges must
candle bulbs
h. Stage etcLights
and major ones are: overcome. forOne
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cost of LED. is Increase
to 2025, cost of LED.
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e. LED a. Globe Bulbs
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are projected to invest in LED around $53.7 billion in LED
b. i. Directional
Street lights. – Reflector
street lighting.
f. LED tubes
c. These
LEDare spotsthe most of the led lights that are produced these Revenue
The strong benefits of LEDs and smart LEDs market will
d. days.
g. Industry LED
high Chinacornlights
bay bulbs
is the leading producer and exporter of LED
e. lights
LEDwith Globe 25.5%Bulbsmarket of electronics export is covered by always 8500
remain young and some challenges must be overcome.
h. Stage this country then comes Hong Kong with 10.6% of market One of a great challenge is cost of LED. Increase in demand of
f. Lights
LED tubes 8000
share then comes United States and South Korea. TheseLED should lower the price of LEDs.
g. countries
Industryexports high and
baymanufactures
lights maximum number of LED 7500
i. Street lights.
h. lights.[2]
Stage Lights 7000 Revenue
Thesei. are Street
the most
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lights.
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days. These
China isin the
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of producer
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this country
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Fig 2:
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countries electricity
exports and manufactures
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of over of LED
$850 million.
of market share then comes United States and South Korea.
lights.[2] Goldman has stated that LEDs will be accounting for more 7000 The above figure shows the market of LED driver
Revenue
These than countries The above figure shows the market of LED driver integrated
65% of exportslight bulbsand and willmanufactures
be over 60% ofmaximum integrated
the installed 6500 circuits. Fig 2 is the global
circuits. Fig 2 is the global market revenue forecast for LED
market revenue
number
Even of LED
in global
country base lights.[2]
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Driver ICs for use in general lighting applications. Above
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down to 1400 MW thus saving 9000 million KWH of
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Fig 2. Graph stating the rate growth of LEDs.
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IV. Market
shows
III. MARKETthe Research
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RESEARCH of OF of
LED Internet
driver integrated
INTERNET
80 circuits.Life
Fig 2has is the global
become market revenue
easy because forecast
of This for LED This
internet.
million.
global baseGoldman
by 2020. has The stated that LEDs
chart given will be Hybrid
below projects accounting
adoption & Electric Life has become easy because of internet.
Driver ICs for use in general lighting applications. Above
immense
revenue shown is in Millions of U.S Dollars. India marketglobe
immense technology has helped
peoplepeople
acrossacross
the the
of to
of
forLED
more in than
the coming65% year
of overbulbs
light Hybridand andwillelectric
be vehicles
over 60%
Vehicles of technology has helped globe to
60
and
the solar and wind
installed global energy.
base by 2020. The chart given below communicate.
communicate. This technology
This technology has
has
Solar and windLED lights to grow by 21% from 2016 to 2021. So we can also
also bought
bought civilization
civilization in
40
projects adoption of LED in the coming year over Hybrid think in aahow
new
new way.
bigway. Internet
Internet
the market has
has developed
of LED developed
Driver is. thetheworld
worldglobally.
globally.
and electric20vehicles and solar and wind energy.LEDs Everyone is thankful to internet because ofthetheservice
Everyone is thankful to internet because of service
providedby
provided by Internet.
Internet. Services
Services likelike
file transfer and world
file transfer andwide
world
100 web has helped humans to increase business. Many people
0 wide webIII. has helped humans to increase business. Many
participatedM inARKET RESEARCH OF INTERNET
social networking.
80 2010 2015 2020 2025 people participated inbecause
social networking.
Hybrid & Electric Life Number has become of users easy
of internet of internet.
is increasing day This
by day.immense
Number of users of internet is increasing day by day.
Vehicles technology has helped people across the globe to
60 Fig1. Graph stating the rate growth of LEDs.
S.noTableCountry
communicate. 1: Population
This technologyofPopulation
Countries with
has also bought Internet Usersin
civilization
Internet Users
Solar and wind
40 a new way. Internet
S. No. Countryhas developed the worldInternet
Population globally.
Users
Everyone is thankful to internet because of the service
20 LEDs provided1 by Internet.
China 1388232693
Services like file transfer and731434547
world wide
web has 2 helped
India humans to increase business.
1342512706 Many people
462124989
0
participated in social networking.
2010 2015 2020 2025 3 of users
United
Number of States 326474013day by day.
internet is increasing 286942362
Fig. 1: Graph Stating the Rate Growth of LEDs 2 4 Brazil 211243220 139111185
Fig1. Graph stating the rate growth of LEDs.
About 69% adoption of LED in 2020 year states the S.no Country Population Internet Users
5 Indonesia 263510146 132700000
market and production of these lights is bright for coming
years. As from the data we can see that china is one of the
LEDs life span is longer and consumes less energy and most populated countries and has maximum number of
maintaince cost is also less in comparison to other light. In Internet users thus top on the table. India on second and
most of the countries LEDs are used to have economical United states on third.

140 Copyright © IEEE–2019 ISBN: 978-1-7281-3245-7

2

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 4 Brazil 211243220 139111185
5 Indonesia 263510146 132700000
Table 1. Population of Countries with Internet Users
Mobile Data
As from the data we can see that china is one of the most Wi-Fi
traffic
populated countries and has maximum number of Internet
Market Analysis on Li-Fi Technology
users thus top on the table. India on second and United states
onConsidering
third. Fig. 4: Internet Connections
the speed of internet the graph is totally Table 2: Wi-Fi Household Penetration Percentage in Countries
opposite. Rather
Considering thanofconnection
the speed whatis matters
internet the graph the most
totally opposite. S. No. Countries Wi-Fi Household Penetration %
today is speed.
Rather Speed what
than connection of internet matters
matters the a lot isinspeed.
most today the fastMobile Data traffic has grown 63% from last 5 decades. A
1 South Korea 80.3
moving
Speed world. [4]matters a lot in the fast moving world. [4]
of internet research shows that global mobile traffic has reached 7.2
exabytes2 per United
month Kingdom
in year 2016 from
73.3 4.4 exabytes in year
2015. 69% of 4G data has been communicated by mobile data
Speed In Mbps traffic. 3429 million
Germanymobile devices71.7has been added in year
2016.
4 France 71.6
USA A research claims that 25% of household of the world uses
5 Japan 68.4
Japan some kind of Wi-Fi systems. Comparing the data of Wi-Fi
systems6 of 2011USAfor household has 61.0
shown the penetration of
Hong Kong Speed in Mbps Wi-Fi in these countries. [5]
7 India 2.5
South Korea S.No. Countries Wi-Fi Household Penetration %
1 SouthKorea
South korea tops 80.3
the chart of Wi-Fi households with
0 10 20 30 2 80.3% followed
United Kingdomby United
73.3 Kingdom with 73.3%. We also
3 notice that USA is at 71.7
Germany 61.0 and India at the bottom of the
Fig.
Fig 3: Speed in
in Mbps
Mbpsofofdifferent
Differentcountries
Countries
3. Speed 4 tableFrancewith just 2.5% households
71.6 having Wi-Fi setups.
Maximum Speed obtained is by South Korea which5 Thus
Japan Wi-Fi setups
68.4are used by many countries. But
Maximum Speed obtained is by South Korea which is about
is about 26.3and
26.3 Mbps Mbpsthen and thenbyfollowed
followed Hong Kong byand
Hong Kong
Japan. USA and6 looking USAat the speed of Wi-Fi we are still fighting because
61.0
Japan. USA has
has achieved an achieved an average
average speed speedSpeed
of 16.3 Mbps. of 16.3
can Mbps.
be 7 withIndia advancement in technologies
2.5 26.3 Mbps as an average
increased
Speed can bebyincreased
better equipment and technology.
by better equipment and technology.Table 2 Wi-Fi household penetration
speed is not enough to work percentage
on. Weinneed
countries
a new technology
Nowadays users are using Wireless Fidelity also calledSouth
Nowadays users are using Wireless Fidelity also called Wi-Fi. to korea
take tops
overtheWi-Fi
chart offorWi-Fibetter speedwith
households and80.3%
connectivity.
Wi-Fi. Wireless
Wireless internet internet
has become hasmain
become main
stream and hasstream
changed andfollowed
Efficiency of Kingdom
by United Wi-Fi iswith very73.3%.
less We
in comparison
also notice thatto sources
hasthe
changed
world in the world
its own way.in its of
Users own way.
Wi-Fi Users
in some of Wi-Fi
countries are inUSA it isuses andand
at 61.0 baseIndiastations it has.of Wi-Fi
at the bottom the tableonly
with provides
just 5%
increasing
some rapidly.
countries areWi-Fi technology
increasing has beenWi-Fi
rapidly. mostly technology
installed 2.5% households having Wi-Fi setups.
efficiency thus remaining energy is lost in cooling the
in homes providing better connectivity and speed. Offices are
hasalso
been mostly installed in homes providing betterThusbase
installed with Wi-Fi for better working of internet. Wi-Fi Wi-Fi stations.
setups areAlso
used we needcountries.
by many a technology which
But looking at is more
connectivity
has providedand betterspeed. Offices
speed. Most of the are also installed
connections of Internetwiththe secure
speed and provides
of Wi-Fi we more efficiency.
are still fighting Wi-Fi
becauseworks
with on Radio
Wi-Fi for better
are either mobileworking of internet.
communication Wi-Ficonnections.
or are wireless has providedadvancement
frequencyin of technologies 26.3 Mbps spectrum
Electromagnetic as an average speedis less in
which
Types
better of connection
speed. Most ofdefine the working of
the connections of internet
Internetand eitheris not
arehow enough to work on. We need a new technology to take
order when compared to Visible Region. Data density and
many applications can run on internet. over Wi-Fi for better speed and connectivity. Efficiency of
mobile communication or are wireless connections. TypesWi-Fi high speed
is very lessare also disadvantages
in comparison to sources of Wi-Fi
it uses and which
base can be
of connection define the working of internet and how manystations overcomeit has.byWi-Fi
Lightonly
Fidelity also 5%
provides called Li-Fi. thus
efficiency
applications can run on internet. remainingLi-Fienergyuses
is lost visible
in coolingfrequency
the base stations.
of Also we
Electromagnetic
need a technology which is more secure and provides more
Spectrum. Light is the medium in which Li-Fi works and is
efficiency. Wi-Fi works on Radio frequency of
Internet greater in availability
Electromagnetic spectrum which then Radio
is lessFrequency.
in order when
compared to Visible Region. Data density and high speed are
also disadvantages of Wi-Fi which can be overcome by Light
Fidelity also called Li-Fi.

Mobile Data
he most Wi-Fi
traffic
Internet
d states Fig. 4: Internet Connections 3
Fig. 4: Internet Connections
Mobile Data traffic has grown 63% from last 5 decades.
A research shows that global mobile traffic has reached 7.2 Fig. 5: Electromagnetic Spectrum
pposite. exabytes per month in year 2016 from 4.4 exabytes in year a. Radio waves: Exclusive and less secure
s speed. 2015. 69%
Mobile Dataoftraffic
4G data
hashas been 63%
grown communicated
from last by
5 mobile
decades. A b. Infrared: short power
. [4] data traffic.
research 429 that
shows million mobile
global devices
mobile has been
traffic has added in 7.2 c. Visible: safe to use and greater bandwidth
reached d. Ultraviolet: Treacherous for human body
year 2016.
exabytes per month in year 2016 from 4.4 exabytes in year e. X-rays: only used in hospitals.
2015.A69%research
of 4Gclaims thatbeen
data has 25% communicated
of household ofbythemobile
world data f. Gamma rays: not used.
traffic. 429 million
uses some kind of mobile devices has
Wi-Fi systems. been added
Comparing in year Visible range is harmless to use and has greater
the data
2016.
of Wi-Fi systems of 2011 for household has shown the bandwidth than Radio Frequency. Li-Fi uses LED lights
penetration of Wi-Fi in these countries. [5] for transmission of data. Today life is impossible without
A research claims that 25% of household of the world uses
some kind© IEEE–2019
Copyright of Wi-Fi ISBN:
systems. Comparing the data of Wi-Fi
978-1-7281-3245-7 141
systems of 2011 for household has shown the penetration of
Mbps Wi-Fi in these countries. [5]

S.No. Countries
Authorized licensed use limitedWi-Fi Household
to: University of Exeter. Penetration
Downloaded on%
July 02,2020 at 07:59:39 UTC from IEEE Xplore. Restrictions apply.
8th International Conference on System Modeling & Advancement in Research Trends, 22nd–23rd November, 2019
College of Computing Sciences & Information Technology, Teerthanker Mahaveer University, Moradabad, India

any Light. Light has been a revolutionary technology for
humans. Development in human era is possible due to light
and light has always helped human for better present and
future. Li-Fi works on LEDs. The subtle change in LED
cannot be noticed by human eyes and thus this change helps
in the working of internet by sending binary data from
source to destination. The data is sent in binary form as 1
or 0. As working of Li-Fi is dependent on LEDs thus we
can say that Li-Fi is dependent on intensity of LED for its
working. The maximum speed that has been achieved by
Li-Fi is 224 Gbps.
V. Market Research of Li-Fi
The Global li-fi market is expected to have a major
growth between 2016 and 2023. Increasing demands
of internet and its applications in areas like medical or
hospitals or schools will lead this technology to front. Many
countries like Japan, China and United States have already
adopted policy for promoting LEDs. These counties have
also supported manufacturers to manufacture better and
more efficient domestic LEDs. Market of Li-Fi is also
increasing in United States.
Industry trends states that Li-Fi market size in 2015
was valued at USD 630 million. It is stated that 80.8%
CAGR from 2016 to 2023.
be the first one to install Li-Fi in public area. In new offices
of France Li-Fi systems are installed instead of old Wi-Fi
systems. [3]
If we look at the Li-Fi market it includes companies like
Philips, PureLiFi, LVX etc as one of the leading enterprises
which will deal in this technology.
Looking at the speed and services of Li-Fi and market
of Li-Fi has a bright future. Li-Fi will be available to all the
areas where it was hard to get an internet connection. No
one has thought to connect their gadgets to Internet in aero
planes which is one of the application of Li-Fi. Not only in
air but in water also Li-Fi can help many marine drivers to
drive ships with the best communication possible.
Thus applications of internet will rise with the rise of
Li-Fi and humans will be able to work on higher and safer
band width than Wi-Fi. Internet has become a daily need
for humans.
Internet flow chart will appear with a option of Li-Fi.
Li-Fi is a auspicious technology which will modify the
world with its security and speed. Intern
appli
Internet conn
Smart toys an
Mobile Data
Traffic Wi-Fi Li-Fi application. I
internet using

Thus all thes

Visible and give rise
Radio Waves Region security of in

Fig 7. Internet connections with Li-Fi. VI. F

Upcoming f
Thus for the Fig 7.visible
Internet region
connectionswewith
will have Li-Fi as
Li-Fi. applications o
internet connection and for radio waves we will have Wi- rise to marke
Fi asThus for theconnection.
internet visible regionLi-Fi
we will have
will beLi-Fi as internet
available to all theused everyw
connection and for radio waves we will have Wi-Fi as internet road, from ca
people where Wi-Fi cannot be accessed. Thus it will give
connection. Li-Fi will be available to all the people where Wi- of showroom
rise Fi
tocannot
the applications of Li-Fi. [7]
be accessed. Thus it will give rise to the applications producer of
Car’s
of Li-Fi.LED
[7] Lights can be used along with Li-Fi in order manufacture
to connect between the cars and traffic lights. To avoid participating
Fig. 6: U.S Li-Fi Market 2013-2023 Car’s LED Lights can be used along with Li-Fi in order to the main com
the connect
accidents on the road and also to decrease the traffic
between the cars and traffic lights. To avoid the
Li-Fi market by component is also at a good rise. LED overcrowding
accidents ononthe roads,
roadthis
andlink alsocan
to be used. Thus
decrease using
the traffic
for environm
which is a main component of Li-Fi system is expected to Li-Fiovercrowding
can be a very operative
on roads, waycan
this link forbethe communication
used. Thus using Li-Fiof Many Resea
overdo the market by 33 Billion USD by 2023. LED market can be
vehicle to avehicle
very operative
and also wayforforthe
thetraffic
communication
lights to of vehicle
vehicles. system stron
will be one of the leading markets even with technologies to vehicle and also for the traffic lights to vehicles. micro chip to
like hybrid and electric vehicles. In United States Li-Fi VI. Applications of Li-Fi lead. Li-Fi’s
V. APPLICATIONS OF LI-FI
market will see a great rise with component and devices With increase in market of Li-Fi there will be increase The setup of
With increase in market of Li-Fi there will be increase in is easy to ma
from 2013-2023. The main component of LED will see rise in applications ofLi-Fi.
applications of Li-Fi.
of more than 7000 US$ million from 2013-2023. Some of the applications of Li-Fi are: Many count
Li-Fi market of France is estimated to worth US $1.6 Some of the applications
a. Industry Plants:ofWi-Fi
Li-Fi are:
setup are not there in technology b
billion by 2021. After which France is going to be 2nd a.
industry plants due to the electromagnetic
Industry Plants:
Many office
interference. But connection.
largest country in market of Li-Fi in Europe and will be at Wi-Fi setup are notcan have
there internetplants
in industry setupduewith Li-
to the
5th largest in the world after china, US, Canada and U.K. Fielectromagnetic
as it works oninterference.
visible region.But can have internet
Li-Fi is very economic in contrast to Wi-Fi. People are setup withLi-Fi
b. Military: Li-Fi ascan
it works
be on visible
used in region.
places where
b. information
Military: has to be hidden.. Thus Li-Fi can be In the upcom
looking for internet with more speed thus the spread of li-Fi Li-Fi can be used in places where information has to civilising hu
is expected to grow with good growth in future. France will operated in Military
be hidden.. Thus Li-Fi area.
can be operated in Military establishing c
area. the major gro
142 c. Hospitals:
Copyright © IEEE–2019 ISBN: 978-1-7281-3245-7 connection.
Open internet connections are not available in increase dom
Hospitals because of the radio waves interference but humans to a
Li-Fi can be operated in such areas. speed attaine
d. Roads and Cars: movies of go
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07:59:39 UTClights and cars
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Xplore. auto pilotapply.
is the new which is mai

c. Hospitals: Open internet connections are not
available in Hospitals because of the radio waves
interference but Li-Fi can be operated in such
areas.
d. Roads and Cars: Smart street lights and cars with
auto pilot is the new trend in smart cities. Li-Fi
will help communication between two cars and
even between cars and street light. Thus it will
help in saving many road accidents.
e. Disaster Management: When all the services of
Telecom in from of Wi-Fi will be cut off then Li-
Fi can be operated in such situation.
f. Aircrafts: Internet in air craft is one of the most
awesome applications of Li-Fi. There was no
internet connection before Li-Fi in air craft.
Smart toys and smart gadgets can also have Li-Fi as
integrated application. IOS 9.1 features Li-Fi. LED toys can
work on internet using light produced by LEDs inserted in
toys.[6]
Thus all these advantages and applications give rise
to Li-Fi and give rise to better connection of internet and
speed and security of internet.
VII. Future Scope of Market of Li-Fi
Upcoming future of this technology is auspicious. As
applications of internet are increasing by Li-Fi thus it will
give rise to market of Li-Fi. LEDs have huge market. LEDs
are used everywhere from homes to offices, from hospitals
to road, from cars to street lights, from walls of theatre to
walls of showroom. Every sector uses LED. China is the
leading producer of LEDs. Many countries are moving in
the manufacture of LEDs. Government of many countries
is participating to promote the industry of LEDs. As LED
being the main component of Li-Fi and LED being safer
and better for environment it give rises to Li-Fi.
Many Researchers are also working on Li-Fi to make
the system stronger and better. They are working on the size
of micro chip to reduce the size so that the chip can fit in
any lead. Li-Fi’s cost will be very less in comparison of
Copyright © IEEE–2019 ISBN: 978-1-7281-3245-7 143
Authorized licensed use limited to: University of Exeter. Downloaded on July 02,2020 at 07:59:39 UTC from IEEE Xplore. Restrictions apply.
Market Analysis on Li-Fi Technology
Wi-Fi. The setup of Wi-Fi is hard to maintain and install
while Li-Fi is easy to maintain install.
Many countries are also participating in developing
this technology by setting LEDs that are good at domestic
level. Many offices are also getting set up with Li-Fi as their
connection.
VIII. Conclusion
In the upcoming year Light will again play a leading
role in civilising humans. Light in coming years will help
in establishing connection that is secure and faster. Light
being the major growth industry in these years will help
in Internet connection. Transmit of data with the help of
Light can increase domain of internet. Internet with Li-Fi
will help humans to achieve great speed. 220 Gbps is the
maximum speed attained by Li-Fi which is equivalent to
download 18 movies of good quality in a click. Market of
LED is increasing which is main component of Li-Fi. Li-
Fi is directly dependent on LEDs for functioning and for
transmitting of data and more number of LEDs setup will
boost the market of Li-Fi. Li-Fi will provide a greener safer
and better world of internet to humans. Life will become
more easy and faster with high speed internet connection.
Thus we can see a great scope and a large future of Li-
Fi in the coming years where every individual will be
participating in the market of Li-Fi to make it the biggest
technology of the era.
References
[1] Dr. Harald Haas, ‘Wireless data from every light bulb’, TED Global,
Edinburgh, July 2011.
[2] Li-Fi Market size forecast worth $75.5 billion by 2023 Published
Date: May 29, 2016 Author: Global Market Insights, Inc.
[3] “Analysis of Li-Fi market in France with Industry Forecast” from
Mordor Intelligence 2017.
[4] “Cisco Visual Networking Index: Global Mobile data traffic forecast
2016-2021” on 28th March 2017.
[5] “Strategy Analytics: A Quarter of households worldwide now have
wireless networks” in year 2012.
[6] Industry Analysis of Li-Fi from Transparency Market Research
2016.
[7] Li-Fi Market- Global industry Size share growth trends and forecast
2016-2024.