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Global Li-Fi Market Is Set a Rapid Growth Expected to Reach USD 51 Billion with Highest CAGR | Market Report Covers Market Analysis, Size, Trends, Growth, Revenue – Forecast to 2023

Li-Fi
Li-Fi

Market Research Future (MRFR) reports that Li-Fi market is likely to touch an approx. valuation of USD 51 Billion by 2023 and can progress at an incredible rate of 70% between 2017 and 2023 (which is the forecast period). The market has encountered significant development over the recent years and is anticipated to grow tremendously over the assessment period. With the growing efforts in the ICT sector by the government like the smart city concept, more and more vendors are compelled to make massive investments in the innovation of Li-Fi. This can give a substantial boost to the Li-Fi market growth in the approaching years. The report includes vast data relating to the recent discovery and technological expansions perceived in the market, wide-ranging with an examination of the impact of these intrusions on the market’s future development.

Li-Fi is expected to emerge as an impactful technology across various industries. It has the potential to unlock the benefits of IoT, boost Industry 4.0 applications, and also encourage the growth of the light-as-a-service technology within the lighting industry. The trend of increasing use of LED can be instrumental in the demand for the Li-Fi market during the evaluation period. LED or light emitting diode is an essential component of Li-Fi systems. Therefore, the rising demand for LED can mean stupendous growth for the Li-Fi market in the following period.

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Competitive landscape:

LightBee Corporation (U.S.), LightPointe Communications Inc. (U.S.), FSONA Networks (U.K), Koninklijke Philips N.V. (the Netherlands), Panasonic Corporation (Japan), PureLiFi Limited (U.K), Oledcomm (France), Velmenni (Tartu), Acuity Brands, Inc. (U.S.), General Electric (U.S.), are the top contenders that are responsible for the Li-Fi industry expansion around the world.

SEGMENTATION:

By component:

  • Optical sensing
  • Light emitting diode (LED)
  • Photo detector
  • Microcontroller

By Application:

  • Advance tracker
  • Standalone tracker
  • Smart phones

By End-users:

  • Government
  • Education
  • Automotive
  • Aerospace
  • Healthcare
  • Retail

Regional Insight

MRFR report has studied the primary regions of Asia Pacific (APAC), North America, Europe and Rest of the World, while conducting the research on the Li-Fi market. North America has successfully clinched the leading position in the global market, in line with the rapid advancement in the ICT industry, like Internet of Things, wireless sensor network and Big Data. The growing support from the government across India and China for the development of smart-city projects can also promote the progression of the Li-Fi market in the region.

FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/visible-light-communication-li-fi-market-3561

Major Highlights of TOC Covers:

  1. Executive Summary
  2. Key Business Trends
  3. Regional Trends and Growth
  4. Li-Fi Market Segmentation
  5. Company Profiles
  6. Business Overview
  7. Financial Data
  8. Product Landscape
  9. Strategic Outlook
  10. SWOT Analysis
  11. Regional Li-Fi Market Share
  12. Revenue and Sales Forecast

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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