MarkNtel Advisors has just published a new research report titled “Li-Fi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“. This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.
What insights and analysis does the report provide on the Li-Fi market from 2022 to 2027?
The Global Li-Fi Market is expected to register more than 60% CAGR during the forecast period, i.e., 2022-27.
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Li-Fi Market by Segments
By Components
- LEDs
- Microcontrollers
- Photodetectors
- Others (Optical Sensors, etc.)
By End-Users
- Aerospace & Defense
- Healthcare
- Education
- Retail
- Automotive
- Others (Transportation, Media & Entertainment, etc.)
A comprehensive report on the Li-Fi Market is available now- https://www.marknteladvisors.com/research-library/li-fi-market.html
Li-Fi Market Report Segment by Regions
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
What are the market driver in the global Li-Fi Market?
With the rapidly rising number of users & devices, there’s a substantial risk of RF (Radio Frequency) spectrum crunch in the coming years, as its size is limited. The Li-Fi technology uses a visible light spectrum for high-speed data transmission, which is different from & 10000 times larger than the RF spectrum currently used in WiFi technology. As a result, the gradually diminishing RF spectrum is projected to tremendously boost the adoption of Li-Fi technology and drive the Global Li-Fi Market through 2027.
Moreover, governments of various countries worldwide are actively encouraging the use of more and more LEDs, owing to their low power usage, better illumination, & zero harmful emissions. In fact, some nations are also offering LED lighting solutions at subsidized rates, which, as a result, has notably reduced their prices in the previous few years. The same trend is expected in the coming years, which would drive more users toward adopting Li-Fi systems and fuel the overall market growth.
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Who are the key players in the Li-Fi Market?
- Acuity Brands, Inc.
- Fujitsu Ltd.
- Fsona Networks Corporation
- General Electric
- Global Li-Fi Tech, Inc
- Integrated System Technologies Ltd
- Lightbee S.L.
- LumEfficient Lighting Corporation
- LVX System
- Lucibel SA
- Oledcomm SAS
- Panasonic Corporation
- PureLiFi Limited
- Renesas Electronics Corporation
- Signify Holding B.V.
- Velmenni OÜ
- VLNComm Inc
- Others
Questions Addressed in this Study
- What factors are driving the Li-Fi Market growth?
- How is the Li-Fi Market expected to grow over the next five years?
- What are the key insights into the current trends in the Li-Fi Market?
- What is the current size of the Li-Fi Market, and how is it projected to change in the future?
- What is the future outlook for the Li-Fi Market in terms of technological advancements and market expansion?
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