Why Li-Fi market size Could Replace Wi-Fi market in next 7 Years.

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Why Li-Fi market size Could Replace Wi-Fi
market in next 7 Years.

• Market Research
• Market size
• Market Share
• Market Growth
• Companies Analysis

https//www.gminsights.com/industry-analysis/lifi-
market
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Research Report Insights

• Methodology and Scope
• Executive Summary
• Li-Fi Industry Insights
• Li-Fi Component Insights
• Li-Fi Application Insights
• Li-Fi Regional Insights
• Competitive Insights (Related Companies )

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Li-Fi Applications-
Vehicles Transportation
RF Spectrum Relief
Location Based Services(LBS)
Hospital Healthcare
Li-Fi Source
Aviation
Underwater Communications
Hazardous Environments
Smart Lighting
Mobile Connectivity
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Global Market Scenario of Li-Fi Market

• Li-Fi Market size is anticipated to reach USD
  75.5 billion by 2023 as per a new research
  report by Global Market Insights, Inc.
• Increasing 3G and 4G technology demand and the
  impending RF spectrum crunch will drive the
  global Li-Fi market.
• Since it uses the visible light spectrum, the
  technology is expected to complement Wi-Fi in
  environments where the latter is not suitable.
  This includes environments such as healthcare,
  where data security is paramount.
• Significant LED infrastructure driven by reducing
  prices, high degree of energy efficiency, and
  high installation in residential as well as
  public spaces will prove beneficial to Li-Fi
  market size in the coming years.
• Megatrends such as Industry 4.0 and significant
  growth prospects in the IoT market will present
  high profitability avenues.

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Continue.....

• Smart homes industry size will be propelled by
  increased connectivity demand and initiatives
  undertaken by major participants. This is
  forecast to drive Li-Fi market size over the
  forecast timeframe.
• High security compared to traditional radio
  communications since light cannot pass through
  walls will be a compelling driver for technology
  adoption.
• Low awareness regarding the presence and benefits
  of the technology, such as in vehicle-to-vehicle
  communication, and across location based services
  through the use of signage for driving sales is a
  growth restraint.
• The Li-Fi industry consists of large number of
  suppliers of raw materials that are used to
  manufacture Li-Fi enabled products. Raw materials
  such as LEDs (light emitting diode),
  microcontroller, and photodetector used to enable
  these solutions.

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U.S. Li-Fi market size, by component, 2013-2023
(USD Million)
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360 Analysis

• Application Analysis-
• Location based services accounted for over 40 of
  the global revenue in 2015, and is forecast to
  grow at 79.5 CAGR from 2016 to 2023. Healthcare
  sector is projected to arrive at over USD 2.6
  billion by 2023.
• This application segment is expected to grow
  significantly owing to absence of electromagnetic
  radiation such as radio waves that poses no
  threat to patients health and helps in rendering
  safe environment in the hospital as well as
  healthcare facilities.
• Regional Analysis-
• U.S. Li-Fi market share is projected to grow at
  78.0 CAGR from 2016 to 2023 it was valued at
  around USD 190 million in 2015.
• Asia Pacific Li-Fi market size was valued at over
  USD 185 million in 2015. The regional growth will
  be fuelled by need for internet connectivity in
  underdeveloped countries.
• UAE Company Zero 1 has outlined plans to roll out
  Li-Fi service in Silicon Oasis in conjunction
  with their project partner du.

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• Competitive Market Share-
• Major industry participants include
• PureLifi
• General Electric
• Philips
• Oledcomm
• LVX
• These players are focusing on merger,
  acquisitions, and strategic collaborations to
  enhance their product portfolio.

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