The North America Light Fidelity Market would witness market growth of 45.3% CAGR during the forecast period (2022-2028).
The Li-Fi technology is comparable to Wi-Fi from the end user's perspective, with the main technological distinction being that Li-Fi transmits data by modulating light intensity as opposed to Wi-Fi, which induces a voltage in an antenna using radio frequency. As a result, Li-Fi can operate where electromagnetic interference might ordinarily be a problem (e.g., in hospitals, aircraft cabins, or the military). A basic consumer product, similar to an IoT (the Internet of Things) gadget, with a microcontroller, color sensor, and embedded software, makes up the Bg-Fi Li-Fi system.
The color sensor present on the consumer goods receives light from the display of the mobile device and turns it into digital data. As a result, consumer goods and mobile devices can communicate synchronously owing to light-emitting diodes. Li-Fi is an extension of optical wireless communications (OWC) technology. OWC works similarly to Wi-Fi by employing light from light-emitting diodes (LEDs) as a channel to enable network-based, mobile, high-speed communication.
VLC operates by rapidly turning the LEDs' current on and off so quickly that it is invisible to the human eye. Technology that enables handover, often known as roaming between different Li-Fi cells, may enable seamless switching between Li-Fi. Compared to Wi-Fi, the light waves have a far narrower range and less opportunity for hacking because they cannot pass through walls. In addition, Li-Fi does not always require a clear line of sight to broadcast a signal; light reflected off walls can attain 70 Mbit/s.
99% of Canadians were connected to mobile networks in 2017, which had a penetration rate of 85.7% and covered about one-fifth of the country's total land area. In 2017, Canada had 31.7 million mobile subscribers. In Canada, 99% of the inhabitants and more than 86% of key roads and highways were covered by LTE mobile networks. These values are expected to rise even further, boosting the demand for faster connectivity. The prevalence of street lights using LED bulbs would accelerate the deployment of Li-Fi across these highways. Therefore, because of the region's established infrastructure, implementing cutting-edge technology is simple and improves connection, which fuels regional market expansion.
The US market dominated the North America Light Fidelity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $969.7 million by 2028. The Canada market is poised to grow at a CAGR of 48.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 47.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Light Fidelity Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Light Therapy Market, by End-use
1.4.2 North America Light Therapy Market, by Application
1.4.3 North America Light Therapy Market, by Light Type
1.4.4 North America Light Therapy Market, by Product
1.4.5 North America Light Therapy Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Light Therapy Market by End-use
3.1 North America Home Healthcare Market by Country
3.2 North America Dermatology Clinics Market by Country
Chapter 4. North America Light Therapy Market by Application
4.1 North America Sleeping Disorders Market by Country
4.2 North America Eczema & Acne Vulgaris Market by Country
4.3 North America Psoriasis Market by Country
4.4 North America Vitiligo Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Light Therapy Market by Light Type
5.1 North America Blue Light Market by Country
5.2 North America Red Light Market by Country
5.3 North America White Light Market by Country
Chapter 6. North America Light Therapy Market by Product
6.1 North America Handheld Devices for Skin Treatment Market by Country
6.2 North America Floor & Desk Lamps Market by Country
6.3 North America Light Box Market by Country
6.4 North America Light Therapy Lamps Market by Country
6.5 North America Light Visor Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Light Therapy Market by Country
7.1 US Light Therapy Market
7.1.1 US Light Therapy Market by End-use
7.1.2 US Light Therapy Market by Application
7.1.3 US Light Therapy Market by Light Type
7.1.4 US Light Therapy Market by Product
7.2 Canada Light Therapy Market
7.2.1 Canada Light Therapy Market by End-use
7.2.2 Canada Light Therapy Market by Application
7.2.3 Canada Light Therapy Market by Light Type
7.2.4 Canada Light Therapy Market by Product
7.3 Mexico Light Therapy Market
7.3.1 Mexico Light Therapy Market by End-use
7.3.2 Mexico Light Therapy Market by Application
7.3.3 Mexico Light Therapy Market by Light Type
7.3.4 Mexico Light Therapy Market by Product
7.4 Rest of North America Light Therapy Market
7.4.1 Rest of North America Light Therapy Market by End-use
7.4.2 Rest of North America Light Therapy Market by Application
7.4.3 Rest of North America Light Therapy Market by Light Type
7.4.4 Rest of North America Light Therapy Market by Product
Chapter 8. Company Profiles
8.1 Koninklijke Philips N.V.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.2 Johnson & Johnson
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental &Regional Analysis
8.2.4 Research & Development Expenses
8.3 Theralight LLC
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Partnerships, Collaborations, and Agreements:
8.3.2.2 Product Launches and Product Expansions:
8.3.2.3 Acquisition and Mergers:
8.4 Biophotas, Inc. (Celluma)
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.5 Nature Bright Company
8.5.1 Company Overview
8.6 Verilux, Inc. (Bear Down Brands, LLC)
8.6.1 Company Overview
8.7 The Daylight Company Limited
8.7.1 Company Overview
8.8 Beurer GmbH
8.8.1 Company Overview
8.9 Outside In (Cambridge) Ltd. (Lumie)
8.9.1 Company Overview
8.10. Northern Light Technologies, Inc.
8.10.1 Company Overview
TABLE 1 North America Light Therapy Market, 2018 - 2021, USD Million
TABLE 2 North America Light Therapy Market, 2022 - 2028, USD Million
TABLE 3 North America Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 4 North America Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 5 North America Home Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Home Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Dermatology Clinics Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Dermatology Clinics Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Sleeping Disorders Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Sleeping Disorders Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Eczema & Acne Vulgaris Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Eczema & Acne Vulgaris Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Psoriasis Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Psoriasis Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Vitiligo Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Vitiligo Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 22 North America Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 23 North America Blue Light Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Blue Light Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Red Light Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Red Light Market by Country, 2022 - 2028, USD Million
TABLE 27 North America White Light Market by Country, 2018 - 2021, USD Million
TABLE 28 North America White Light Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 30 North America Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 31 North America Handheld Devices for Skin Treatment Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Handheld Devices for Skin Treatment Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Floor & Desk Lamps Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Floor & Desk Lamps Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Light Box Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Light Box Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Light Therapy Lamps Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Light Therapy Lamps Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Light Visor Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Light Visor Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Light Therapy Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Light Therapy Market by Country, 2022 - 2028, USD Million
TABLE 45 US Light Therapy Market, 2018 - 2021, USD Million
TABLE 46 US Light Therapy Market, 2022 - 2028, USD Million
TABLE 47 US Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 48 US Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 49 US Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 50 US Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 51 US Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 52 US Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 53 US Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 54 US Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 55 Canada Light Therapy Market, 2018 - 2021, USD Million
TABLE 56 Canada Light Therapy Market, 2022 - 2028, USD Million
TABLE 57 Canada Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 58 Canada Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 59 Canada Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 60 Canada Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 61 Canada Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 62 Canada Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 63 Canada Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 64 Canada Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 65 Mexico Light Therapy Market, 2018 - 2021, USD Million
TABLE 66 Mexico Light Therapy Market, 2022 - 2028, USD Million
TABLE 67 Mexico Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 68 Mexico Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 69 Mexico Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 70 Mexico Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 71 Mexico Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 72 Mexico Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 73 Mexico Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 74 Mexico Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 75 Rest of North America Light Therapy Market, 2018 - 2021, USD Million
TABLE 76 Rest of North America Light Therapy Market, 2022 - 2028, USD Million
TABLE 77 Rest of North America Light Therapy Market by End-use, 2018 - 2021, USD Million
TABLE 78 Rest of North America Light Therapy Market by End-use, 2022 - 2028, USD Million
TABLE 79 Rest of North America Light Therapy Market by Application, 2018 - 2021, USD Million
TABLE 80 Rest of North America Light Therapy Market by Application, 2022 - 2028, USD Million
TABLE 81 Rest of North America Light Therapy Market by Light Type, 2018 - 2021, USD Million
TABLE 82 Rest of North America Light Therapy Market by Light Type, 2022 - 2028, USD Million
TABLE 83 Rest of North America Light Therapy Market by Product, 2018 - 2021, USD Million
TABLE 84 Rest of North America Light Therapy Market by Product, 2022 - 2028, USD Million
TABLE 85 Key Information – Koninklijke Philips N.V.
TABLE 86 Key information –Johnson & Johnson
TABLE 87 Key Information – Theralight LLC
TABLE 88 Key Information – Biophotas, Inc.
TABLE 89 Key Information – Nature Bright Company
TABLE 90 Key Information – Verilux, Inc.
TABLE 91 Key Information – The Daylight Company Limited
TABLE 92 Key information – Beurer GmbH
TABLE 93 Key Information –Outside In (Cambridge) Ltd.
TABLE 94 Key Information – Northern Light Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Theralight LLC