Market Research Report
Li-Fi Market in GCC: Analysis of Growth, Trends and Progress (2017 - 2022)
|Published by||Mordor Intelligence LLP||Product code||392380|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Li-Fi Market in GCC: Analysis of Growth, Trends and Progress (2017 - 2022)|
|Published: March 9, 2017||Content info: 80 Pages||
The GCC Li-Fi market is estimated to worth US$ 450 million in 2021 and is expected to witness a growth rate of XX.XX % for next five year. This new disruptive innovation is expected to grab a high portion of Wi-Fi market especially in commercial use segment. Saudi Arabia is going to be the biggest Li-Fi market in GCC with a market of US$ 110 million in 2021 followed by UAE and Bahrain.
The growth and increase in lifetime of LED lightening has led to formation of new commercial prototypes in the lightening industry. In Li-Fi technology, visible light coming from LED bulbs acts as carrier for data and can reach any devices which is illuminated by it. The flickering of LED bulb creates signal for the receiver device and thereby transmitting data. This wireless optical networking technology has the potential to transmit data up to speed of 224 GB per second and is about 100 times faster than Wi-Fi. This market has got commercialized for its unidirectional communication applications. Li-Fi can be installed in any house, commercial building, aircraft, streets and others. It has vast usage in future and holds immense potential. Without any new arrangement, Li-Fi can be used from existing LED bulbs in houses. It can be installed in street lights as well and can provide internet to each and every person walking on the streets.
One of the major benefit of Li-Fi technology using light wave instead of radio wave for transmitting data is enhancement of data safety and security. Data stealing will be difficult as LiFi does not transmit through walls. Infinite bandwidth of light and limited exposure to radiation is one of the reason for selecting Li-Fi over Wi-Fi. The device has uses both in developed and developing nations. In developing nations where the government is focusing on improving communication and internet penetration, Li-fi has the potential for transmitting uncongested and noise free signals which Wi-Fi fails to provide. Li-fi will help in universalization of internet in developed nations through Street light LEDs. Government promotions for LED bulbs in developed countries will also help in expansion of LIFI. LiFi is much cost and environment friendly as compared to Wi-Fi. As internet connectivity is becoming basic necessity in this century and people are looking for hassle free fast internet, the spread of LiFi is expected to grow steady in the future.
Major opportunities in LIFI industry includes: smart LED lightening for commercial buildings and private homes, smart lightening of public spaces like stations and airports, traffic updates from traffic lights, Smart Store, Consumer Electronics and Game Consoles. The market for photo detector segment is also expected to witness a boom due to advent of this technology. The lack of penetration through walls and opaque objects can restrain this technology drastically. LiFi can also be used in railways for providing accurate information of trains and can help in route management.
The market has also been geographically segmented into Saudi Arabia, UAE, Bahrain, Oman, Qatar and Kuwait.
Key Deliverables in the Study