USA Li-Fi Market Size

USA Li-Fi Market Analysis

The USA Li-Fi Market is expected to register a CAGR of 67.5% during the forecast period.

The growing demand for high-speed networks and increasing demand for energy-efficient solutions are some of the major factors driving the adoption of Li-Fi technology in the United States.

• The growing number of smart devices and connected devices in the United States resulted in the generation of a massive amount of data, which is pushing the existing Wi-Fi, 4G, and other networking technologies to their limit. Therefore, Li-Fi technology can help overcome these issues by providing high-speed connectivity, additional bandwidth, and higher security benefits, thereby creating ample scope for growth for the market to grow throughout the forecast period.
• In the United States, the Li-Fi market is expected to grow exponentially, primarily in small to medium-sized homes, making it more innovative and efficient. Li-Fi can be installed in any house, commercial building, aircraft, street, and others. It has vast usage in the 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 streetlights as well and can provide internet to each person walking on the streets. Moreover, instead of a Wi-Fi router, customers can install Li-Fi in their houses through LED bulbs and tubes, which saves energy and provides high-speed data with security, creating ample growth opportunities for the market to grow and expand throughout the forecast period.
• Additionally, the utilization of Li-Fi in marine and subsea applications is also manifold. For instance, the US Navy presently uses a slow and antiquated system for underwater communication that could be better with the poor acoustics that lie underwater. As a result, the US Navy is developing various advanced communication technologies using Li-Fi to counter the problem of subsea communication. Further, for use in petrochemical plants or on airplanes, Li-Fi emissions are considered to be a great solution since Wi-Fi tends to interfere with onboard electronics.
• However, physical barriers, such as walls and doors, limit the operational scope of Li-Fi-enabled LED light. Thus, the data transmitted by a Li-Fi product remains confined within a closed space because light cannot penetrate opaque objects and has a shorter range, limiting the market's overall growth rate.
• The COVID-19 pandemic severely impacted a broad spectrum of organizations' regular business operations across a range of industries. Hospitals and medical facilities, however, confronted a significant problem in treating patients because of the large surge in COVID-19 cases globally. However, during the post-COVID-19 market scenario, the market witnessed significant growth opportunities, primarily due to the rising demand for specialized internet technologies within the region.