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Li-Fi Market Report Size, Share and Forecast Analysis | 2021-2026
Li-Fi Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
The Li-Fi Market is Segmented by Component Type (Microcontroller, Photodetector, and LED), by Application Type (Indoor Networking, Aerospace, Automotive, Healthcare, Location-based Services, Underwater Communication, Defense & Security, and Intrinsically Safe Environments), and by Region ...
The li-fi market is expected to witness an impressive growth of 50% CAGR in the foreseeable future.
Fujitsu, General Electric, Integrated System Technologies Ltd., Lightbee S.L., Lucibel, NAV Technologies, Renesas Electronics Corporation, Signify, Oledcomm, PureLiFi, SLD Laser, Velmenni, and VLNComm are among the key players in the li-fi market.
North America is expected to lead the li-fi market during the forecast period.
Automotive is expected to account for the major share in the li-fi market in the coming years.
LED is expected to account for the major share in the li-fi market during the next five years.
Growing demand for indoor networking in the commercial sector, rise in penetration of smart devices in Asia-Pacific, and increasing implementation of Li-Fi in healthcare and education sectors in Europe are the factors driving the growth of li-fi market.