Li-Fi is a bidirectional, high-speed and fully networked wireless communication technology similar to Wi-Fi. Li-Fi technology is based on transfer of data using LEDs. This transfer of the data can be with the help of all kinds of light, no matter the part of the spectrum that they belong. The light used in Li-Fi technology can be invisible, ultraviolet or the visible part of the spectrum. Li-Fi is an optical networking technology that uses light-emitting diodes (LEDs) for data transmission. Li-Fi bulbs are outfitted with a chip that modulates the light imperceptibly for optical data transmission. In industrial automation systems, safe and high-speed internet connection is an important two factors for production process. Considering the fact that a Li-Fi connection is limited with the area of LED lights, the outside reach to the network is not possible, which leads to a very secure connection.
Growing RF spectrum crunch is one of the driving factor in the case of Li-Fi technology. Growing demand for applications in industrial areas and medical appliances will give considerable impetus to the industrial automation Li-Fi market. The market of Li-Fi in industrial automation is also growing significantly due to increasing adoption of LED globally due to benefits such as a higher efficiency, longer life span, and its lower maintenance. Several countries such as China, Japan, and the U.S. have already adopted initiatives for promoting conservation of energy using LED lighting technology. For instance, the Chinese government is offering financial subsidies and lucrative incentives, resources, to promote the adoption of LED lighting across automation industries. Furthermore, the industrial automation market has also taken few steps to support and advance the capabilities of domestic LED manufacturers. However, investment in research and development, increase in adoption for vehicle to vehicle communication in automotive industry and impending need of high speed data transmission are expected to open new opportunities for Li-Fi market. Use of light wavelengths instead radio waves is less likely to have negative effect on human health which is a restraining factor for Li-Fi technology. On the other side, the absence of knowledge about benefits provided by the Li-Fi technology is negatively impacting the growth of Li-Fi market for industrial automation. Beliefs such as Li-Fi being line-of-sight in nature are also expected to negative impact on market growth to an extent. Restraining factor to Li-Fi technology includes difficulties with mobility, need for a clear line of sight and the requirement that lights stay on for operation.
The Li-Fi market in industrial automation can be segmented on the basis of component, technology and geographical regions. The component segment can further segmented into LED, photodetector and microcontroller. According to the technology, Li-Fi market in industrial automation can be bifurcated as optical mobility technologies and navigation, giga-speed technologies, precision location technology and gesture recognition technologies. Furthermore, the Li-Fi market in industrial automation can be divided by geographical regions into North America, Europe, Asia Pacific, Middle East & Africa and South America. Additionally, the Li-Fi in industrial automation is having highest growth rate in Asia Pacific region due to increasing demand for better wireless communication systems in APAC region.
Many players are involved in industrial automation market with wider solution portfolio. Some of the key players using Li-Fi in the industrial automation market are LVX, Philips, General Electric, Oledcomm, Avago Technologies, Axrtek, Casio, LightPointe Communication Luciom, Panasonic, Plaintree Systems, Renesas Electronics, ByteLight, IBSEN telecom, Supreme Architecture and PureLifi among others. Most of the market players mentioned above are concentrating on strategic mergers, collaborations and acquisitions to have a competitive edge. LVX and NASA partnerd to introduce products for space missions and design new applications for VLC.
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