Canada Light Fidelity Market Size & Outlook, 2023-2030

The light fidelity market in Canada is expected to reach a projected revenue of US$ 749.3 million by 2030. A compound annual growth rate of 52.5% is expected of Canada light fidelity market from 2024 to 2030.
Revenue, 2023 (US$M)
$39.0
Forecast, 2030 (US$M)
$749.3
CAGR, 2024 - 2030
52.5%
Report Coverage
Canada

Canada light fidelity market highlights

  • The Canada light fidelity market generated a revenue of USD 39.0 million in 2023 and is expected to reach USD 749.3 million by 2030.
  • The Canada market is expected to grow at a CAGR of 52.5% from 2024 to 2030.
  • In terms of segment, led was the largest revenue generating component in 2023.
  • Microcontrollers is the most lucrative component segment registering the fastest growth during the forecast period.


Light fidelity market data book summary

Market revenue in 2023USD 39.0 million
Market revenue in 2030USD 749.3 million
Growth rate52.5% (CAGR from 2023 to 2030)
Largest segmentLed
Fastest growing segmentMicrocontrollers
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLED, Photodetector, Microcontrollers
Key market players worldwideSignify NV, Wipro Ltd ADR, Panasonic Holdings Corp, pureLiFi, Oledcomm, VLNComm, Velmenni OÜ, LiFiComm, Lucibel, Zero1


Other key industry trends

  • In terms of revenue, Canada accounted for 9.0% of the global light fidelity market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. light fidelity market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 749.3 million by 2030.

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Light Fidelity Market Companies

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Canada light fidelity market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to light fidelity market will help companies and investors design strategic landscapes.


Led was the largest segment with a revenue share of 38.72% in 2023. Horizon Databook has segmented the Canada light fidelity market based on led, photodetector, microcontrollers covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Canada light fidelity market databook

  • Our clientele includes a mix of light fidelity market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada light fidelity market , including forecasts for subscribers. This country databook contains high-level insights into Canada light fidelity market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada light fidelity market size, by component, 2018-2030 (US$M)

Canada Light Fidelity Market Outlook Share, 2023 & 2030 (US$M)

Canada light fidelity market size, by component, 2018-2030 (US$M)

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