Li-Fi Market Overview and Product Scope over 2020 - 2030

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Li-Fi market is likely to surpass a valuation of
8 billion by 2030 Global Market Insights, Inc.
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• Li-Fi Market Scenario

• According to a research report by Global Market
  Insights Inc., the global (Light Fidelity) Li-Fi
  market is likely to surpass a valuation of 8
  billion by the end of 2030. 
• Growing adoption of Li-Fi systems across the
  education sector is anticipated to propel the
  global Li-Fi market share over the coming years.
  Research institutes and schools are increasingly
  implementing Li-Fi systems in order to offer
  secure and seamless internet connectivity to
  their students. In addition, drastically rising
  data consumption and increasing RF spectrum
  crunch is further laying down the groundwork that
  would foster the adoption of alternative wireless
  communication technologies like Li-Fi, pushing
  overall industry outlook further.
• Additionally, Li-Fi systems also observe uses
  across those areas where Wi-Fi technology faces
  issues or does not hold a presence such as
  operation theatres in hospitals, aircraft, power
  plants, and several other places. More
  specifically, Li-Fi can be used in areas where
  radio (electromagnetic) interference is a major
  point of concern for the security and safety of
  people and equipment. Because Li-Fi uses light to
  transmit data as opposed to radio signals

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• Meanwhile, owing to the global impact of the
  coronavirus pandemic, and the subsequent
  lockdowns imposed by several governments, the
  growth of the Li-Fi market is expected to witness
  a considerable slowdown. However, the industry
  is expected to pick up significantly 2021 onwards
  as the overall impact of the disease becomes less
  severe.
• Going forward, with regards to component,
  microcontrollers are estimated to exhibit a
  rising demand for the implementation of the Li-Fi
  technology. This projected growth can be ascribed
  to the products flexible mounting ability that
  allows it to be installed on small areas.

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• Regional Analysis

Geographically, the rapidly rising adoption of
Li-Fi technology across military, private, and
commercial sectors is slated to drive the Asia
Pacific Li-Fi market through the forecast
analysis period. Additionally, the growing
traction of smartphones throughout the region is
creating an immense demand for faster data
transfer speeds, exerting immense pressure on the
existing RF-based wireless networks and promoting
the adoption of Li-Fi system.

• Competitive Analysis

• The competitive landscape of the global Li-Fi
  market is inclusive of players such as NAV
  Technologies, SLD Laser, VLNComm, Acuity Brands,
  Renesas Electronic Corporation, Oledcomm,
  Signify, and Lucibel among others.

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