404
+1-313-307-4176
Li Fi Market Report
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 ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Li-Fi Market is likely to witness an impressive CAGR of 50% during the forecast period. 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 expected to boost the growth of the market during the forecast period.
|
Li-Fi Market – Snapshot |
|
|---|---|
|
Growth |
50% for the next five years |
|
Major Component Type |
LED |
|
Major Application Type |
Automotive |
|
Region with the highest demand |
North America |
|
Key Players |
Fujitsu, General Electric, Integrated System Technologies Ltd., Lightbee S.L., Lucibel, NAV Technologies, Renesas Electronics Corporation, Signify, Oledcomm, PureLiFi, SLD Laser, Velmenni, and VLNComm. |
Wish to get a free sample? Register Here
Based on the component type, the market is segmented as microcontroller, photodetector, and LED. LED is estimated to account for the major share of the market during forecast period. Rising development of LED in commercial establishments and industries on account its durability, low-power consumption, and high-energy output, is expected to increase the market share of LED components during the forecast period.
Based on the application type, the market is segmented as indoor networking, aerospace, automotive, healthcare, location-based services, underwater communication, defense & security, and intrinsically safe environments. Automotive is estimated to account for the major share of the market during the forecast period as it enhances the decision-making capabilities in autonomous cars, facilitates Vehicle to Vehicle (V2V) communication in connected cars and the ability to exchange data with other vehicles to prevent potential crashes and congested traffic jams.
In terms of regions, North America is expected to lead the global Li-Fi market during the forecast period. The growth of the region’s market is driven by high demand for energy-efficient devices and high-speed communication. Furthermore, establishment of infrastructure and implementation of advanced technologies with better connectivity for better connectivity to drive the market expansion in the region. The U.S. and Canada are the key growth regions expected to contribute the maximum to the market. Development of green buildings and surge in shelf-life of LEDs are likely to propel the creation of commercial schematics in the North American market. Europe and Asia-Pacific to also offer substantial growth opportunities during the forecast period.
Get the full scope of the report. Register Here
Li-Fi stands for light fidelity. It refers to a wireless communication technology, which employs light for transmitting data between devices. This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
|
Li-Fi Market Research Report - Features |
|
|---|---|
|
Market Segmentation |
3 |
|
Regions Covered |
4 |
|
Countries/Sub-Regions Covered |
17 |
|
No. of Figures & Tables |
>150 |
|
Company Profiles |
10 |
The Li-Fi market is segmented into the following categories.
Some of the key players in the Li-Fi market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
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.
WE ACCEPT
