The Latin America, Middle East and Africa Light Fidelity Market would witness market growth of 49.1% CAGR during the forecast period (2022-2028).
One of the main factors influencing the market is the rise in business need for high-data transmission rates. Li-Fi technology implementation is becoming more popular in fields like security and healthcare, which is good news for the sector. Government officials are advised to invest in R&D initiatives to support company growth. Companies are compelled to invest in and develop in Li-Fi due to government regulations in the information & communication technology (ICT) sector, such as adopting smart city developments.
Also, the increased need for networking is anticipated to open up a lot of prospects for major Li-Fi market competitors. Data is wirelessly sent using visible light communication (VLC) technology called light fidelity (Li-Fi), which uses LED lights. Li-Fi has the potential to revolutionize several areas, including how people use the internet, stream films, get mail, and much more. Li-Fi technology offers advantages, including high-speed internet connectivity, no interference like conventional RF waves, and a highly secure data transmission, making it a more efficient and affordable solution for data transmission, driving its market acceptance.
Due to its accessibility and low cost in the Middle East, where most of the population is accessible by a mobile cellular connection and a sizable number of mobile phone customers, mobile internet saturation has increased quickly. Many regional and international service providers are well-represented in Africa and the Middle East and have had a long-standing presence there. Also, the region has a healthy mix of public and private sector participants, which has fueled innovation and increased access to the internet in many nations. In addition, the region hosts many international programs and has a robust hospitality industry, all of which contribute to the development and application of communication technology. As a result, this region will provide the market for light fidelity substantial growth potential in the years to come.
The Brazil market dominated the LAMEA Light Fidelity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $61.2 million by 2028. The Argentina market is experiencing a CAGR of 49.9% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 48.7% during (2022 - 2028).
Based on Component, the market is segmented into LED, Microcontrollers, Photodetector, and Others. Based on End-Use, the market is segmented into Healthcare, Retail, Education, Aerospace & Defense, Automotive, Government, Transportation, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Light Fidelity Market is Predict to reach $3.6 Billion by 2028, at a CAGR of 46.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Scope of the Study
Market Segments Covered in the Report:
By Component
- LED
- Microcontrollers
- Photodetector
- Others
By End-Use
- Healthcare
- Retail
- Education
- Aerospace & Defense
- Automotive
- Government
- Transportation
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Holdings Corporation
- Signify N.V.
- Renesas Electronics Corporation
- Wipro Lighting (Wipro Enterprises Private Limited)
- pureLiFi Limited
- Oledcomm
- VLNComm
- Velmenni
- LiFiComm Tech
- Lucibel SA
TABLE 1 LAMEA Light Therapy Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Light Therapy Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 4 LAMEA Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 5 LAMEA Home Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Home Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Dermatology Clinics Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Dermatology Clinics Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 10 LAMEA Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 11 LAMEA Sleeping Disorders Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Sleeping Disorders Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Eczema & Acne Vulgaris Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Eczema & Acne Vulgaris Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Psoriasis Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Psoriasis Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Vitiligo Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Vitiligo Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 22 LAMEA Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 23 LAMEA Blue Light Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Blue Light Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Red Light Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Red Light Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA White Light Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA White Light Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 30 LAMEA Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 31 LAMEA Handheld Devices for Skin Treatment Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Handheld Devices for Skin Treatment Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Floor & Desk Lamps Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Floor & Desk Lamps Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Light Box Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Light Box Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Light Therapy Lamps Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Light Therapy Lamps Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Light Visor Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Light Visor Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Light Therapy Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Light Therapy Market by Country, 2022 - 2028, USD Million
TABLE 45 Brazil Light Therapy Market, 2018 - 2021, USD Million
TABLE 46 Brazil Light Therapy Market, 2022 - 2028, USD Million
TABLE 47 Brazil Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 48 Brazil Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 49 Brazil Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 50 Brazil Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 51 Brazil Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 52 Brazil Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 53 Brazil Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 54 Brazil Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 55 Argentina Light Therapy Market, 2018 - 2021, USD Million
TABLE 56 Argentina Light Therapy Market, 2022 - 2028, USD Million
TABLE 57 Argentina Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 58 Argentina Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 59 Argentina Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 60 Argentina Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 61 Argentina Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 62 Argentina Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 63 Argentina Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 64 Argentina Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 65 UAE Light Therapy Market, 2018 - 2021, USD Million
TABLE 66 UAE Light Therapy Market, 2022 - 2028, USD Million
TABLE 67 UAE Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 68 UAE Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 69 UAE Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 70 UAE Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 71 UAE Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 72 UAE Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 73 UAE Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 74 UAE Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Light Therapy Market, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Light Therapy Market, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 85 South Africa Light Therapy Market, 2018 - 2021, USD Million
TABLE 86 South Africa Light Therapy Market, 2022 - 2028, USD Million
TABLE 87 South Africa Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 88 South Africa Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 89 South Africa Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 90 South Africa Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 91 South Africa Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 92 South Africa Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 93 South Africa Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 94 South Africa Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 95 Nigeria Light Therapy Market, 2018 - 2021, USD Million
TABLE 96 Nigeria Light Therapy Market, 2022 - 2028, USD Million
TABLE 97 Nigeria Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 98 Nigeria Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 99 Nigeria Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 100 Nigeria Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 101 Nigeria Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 102 Nigeria Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 103 Nigeria Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 104 Nigeria Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Light Therapy Market, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Light Therapy Market, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 111 Rest of LAMEA Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 112 Rest of LAMEA Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 113 Rest of LAMEA Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 114 Rest of LAMEA Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 115 Key Information – Koninklijke Philips N.V.
TABLE 116 Key information –Johnson & Johnson
TABLE 117 Key Information – Theralight LLC
TABLE 118 Key Information – Biophotas, Inc.
TABLE 119 Key Information – Nature Bright Company
TABLE 120 Key Information – Verilux, Inc.
TABLE 121 Key Information – The Daylight Company Limited
TABLE 122 Key information – Beurer GmbH
TABLE 123 Key Information –Outside In (Cambridge) Ltd.
TABLE 124 Key Information – Northern Light Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Theralight LLC