Press Release

Li-Fi Market is expected to surpass the USD 2,548 Million by 2025

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Li-Fi Market is estimated to grow at a CAGR of 68.4% during forecast period and projected to reach USD 2,548 Million by 2025.GMI Research contemplates that the Li-Fi market will endure an accretion in the demand of light fidelity as fast data transfer and data safety are very important in today’s scenario. 

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Introduction of the Li-Fi Market  

Light Fidelity (Li-Fi) or Visible Light Communication (VLC) is a wireless communication technology used to transmit data quickly over the ultraviolet, visible light spectrum, and infrared radiation. LiFi systems consist of different components, such as Light Emitting Diode (LED), Photodetector, and Microcontroller. Light acts as the primary source for high-speed data transfer by activating the conversion of light waves into an electric signal by a photodetector. 

Key Players of the Market 

  • PureLifi
  • Koninklijke Philips N.V.
  • Oledcomm S.A.S.
  • Panasonic Corporation
  • Qualcomm Technologies, Inc.
  • Axrtek
  • Lucibel SA
  • Acuity Brands, Inc.
  • Fujitsu Ltd.
  • Velmenni

Li-Fi Market Dynamics 

The significant drivers stimulating the Li-Fi market are the growing requirement for fast data transmission, data security, and technology development requirements from existing data transfer technologies, such as Wi-Fi (Wireless-Fidelity). Further, industries including defense, healthcare, and automotive are also steering the growth of the global Li-Fi market. However, the driver that restrains the Li-Fi market size is the lack of awareness about LiFi technology, especially in the emerging regions. In addition, as per the Li-Fi market forecast, the restriction of LiFi technology, i.e., it is best used for a small distance or in a closed environment, further limits the market growth. The market players like PureLiFi and Lucibel are focusing on research & development, which is forecasted to soar the LiFi market share in the next few years. 

Li-Fi Market Segmentation 

Segmentation By Component Type 

  • Microcontroller
  • LED
  • Photodetector

Segmentation By End-User 

  • Healthcare
  • Automotive
  • Aerospace
  • Electronics
  • Defense
  • Others

Segmentation By Region 

North America

  • United States
  • Canada
  • Mexico 

Europe

  • United Kingdom
  • Germany
  • Spain
  • Rest of Europe 

Asia-Pacific

  • China 
  • Japan 
  • India 
  • Rest of Asia-Pacific 

Rest of the World

  • Brazil
  • GCC countries
  • South Africa
  • Rest of ROW 

Introduction of GMI Research  

GMI Research is a growing leader in marketing research and intelligence that offers an accurate analysis of profiles of the market giants and provides a competitive landscape. We cater exceptional business research-related solutions and permit our clients to make vital investment decisions and soar revenue. We provide extensive research reports and other consulting services based on insight facts to assure our clients achieve success by defeating the competitors. 

Tags: Li-Fi Market, global Li-Fi market, Li-Fi market Size, Li-Fi Market Forecast

See Campaign: https://www.gmiresearch.com/report/global-light-fidelity-li-fi-market/
Contact Information:
Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com

Tags:
Menafn, IPS, PR-Wirein, Extended Distribution, Research Newswire, English

Contact Information:

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

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