From Research and Markets.org
The Li-fi Market is expected to register a CAGR of over 70.54 % during the forecast period 2019 – 2024. Li-Fi is a disruptive technology that is poised to impact many industries. The technology can unlock the potential of IoT, drive Industry 4.0 applications and lead to the upcoming of light-as-a-service (LaaS) in the lighting industry. The CAGR of wireless traffic has been 60% during the last 10 years. This growth is expected to sustain for the next 10 to 15 years, which, in the current scenario is a reasonable assumption due to the advent of Internet-of-Things and machine type communication (MTC). It corresponds to a demand of 12,000 times the current bandwidth, assuming the same spectrum efficiency.
The governments are making efforts in the ICT sector, owing to the increasing need for energy management. Owing to government initiatives in the ICT sector, such as implementing smart city transformations, players are enforced to invest and innovate in Li-Fi. For instance, ICT is at the heart of the seven-year Dubai Plan 2021, which builds on investment in advanced technology by the emirate’s leadership, in combination with some private sector technology companies.
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Moreover, the European Commission recognizes the enabling role that the ICT sector can play over the forecast period. For instance, rendering buildings more energy efficient or improving the functioning of the electricity grid and managing water. The concept of smart city encompasses optimizing the efficiency of city operations and services and connect citizens.
The limitations of the visible light provide Li-Fi with a security advantage over Wi-Fi. However, these limitations also create disadvantages. Physical barriers, such as walls and doors limit the operational scope of a Li-Fi-enabled LED lamp. Thus, the data transmitted by a Li-Fi product remains confined within a close spaced because light cannot penetrate opaque objects and has a shorter range. In establishments, such as a house or a building, enabled LED lamps must be strategically placed in rooms, halls, and other sections to expand the scope of the Li-Fi network. A single Wi-Fi router has wider and longer range than a Li-Fi router. These limitations of Li-Fi also do not make it ideal for use in public Wi-Fi networks.
Moreover, it cannot be used in outdoor environment like RF signal. This is because of interference caused by sunlight and other optical sources present nearby. Moreover it can be intercepted by unwanted people if used outdoors. Furthermore, Li-Fi is still in the emerging stage and very few have reached the commercialization stage.
Scope of the Report
Li-Fi is a wireless communication technology that uses the infrared and visible light spectrum for high-speed data communication. Li-Fi extends the concept of visible light communication (VLC) to achieve secure, bi-directional, high speed, and fully networked wireless communications. Li-Fi supports user mobility and multiuser access.
Ubi-Tech are an early adopter of this ground breaking technology and we have it installed in our classrooms and offices. Please contact email@example.com for more information.