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Li-Fi Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2016 – 2023: Fractovia.Org

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Request for a sample of this research report @ In the coming years, there shall be a noticeable growth in the Li-Fi market size owing to factors like no bandwidth limitations, RF spectrum bandwidth crunch, and lesser energy consumption. This will dominate the usage of older communication technologies such as Bluetooth, Wi-Fi, and WiMax. However, lack of awareness, high installation cost, and limited network coverage may hamper the industry growth. Li-Fi market can be segmented on the basis of its applications which include Indoor Networking, Aerospace, Healthcare, Automotive, Underwater Communication, Location Based Services, Intrinsically Safe Environment, and Defense & Security. – PowerPoint PPT presentation

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Title: Li-Fi Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2016 – 2023: Fractovia.Org


1
Li-Fi Market Global Industry Analysis Report,
Share, Size, Growth, Price Trends and Forecast,
2016 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Li-Fi Market
  • Li-Fi technology is conquering the information
    communication world due to rising demand for
    better communication services in terms of
    bandwidth, efficiency, affordability and
    security. Li-Fi works by using the visible light
    emitted from the LEDs (Light Emitting Diodes) to
    transmit high speed data with lower interference
    and larger bandwidth.
  • A potential spectrum crisis has been put forward
    as a matter of concern by the US Federal
    Communications Commission. The reason for this
    was high data demand, which has made the Wi-Fi
    close to full capacity. Moreover, the Wi-Fi
    communication channel is more prone to hacking
    and works on radio waves which has been pointed
    out as a health and environmental concern. This
    has led to the focus been shifted towards a
    better communication channel known as Li-Fi.
  • In the coming years, there shall be a noticeable
    growth in the Li-Fi market size owing to factors
    like no bandwidth limitations, RF spectrum
    bandwidth crunch, and lesser energy consumption.
    This will dominate the usage of older
    communication technologies such as Bluetooth,
    Wi-Fi, and WiMax. However, lack of awareness,
    high installation cost, and limited network
    coverage may hamper the industry growth.

3
Continued...
  • Li-Fi market can be segmented on the basis of its
    applications which include Indoor Networking,
    Aerospace, Healthcare, Automotive, Underwater
    Communication, Location Based Services,
    Intrinsically Safe Environment, and Defense
    Security.
  • Li-Fi industry share in the intrinsically safe
    environment segment will grow at a CAGR over 88
    during 2016-2023 primarily due to the health and
    environmental concerns which may be hampered by
    the Wi-Fi usage. Healthcare application segment
    is estimated to exceed USD 2.6 Billion by 2023.
    Factors like absence of radio waves which makes
    this technology environment and health friendly
    coupled with high speed data transmission
    enabling patients data to be shared across
    different departments at a very high speed will
    drive the segment growth. Additionally, location
    based services segment, which contributed towards
    40 of the global revenue in 2015 is expected to
    register a CAGR of 79.5 over the period of
    2016-2023.

4
Continued...
  • Li-Fi components comprises of LED,
    Microcontroller, and Photodetector. LED market is
    expected to cross USD 33 Billion by 2023 at a
    growth rate of 79 over the period of 2016-23
    driven by increasing regulations pertaining to
    energy efficiency. Photodetector segment, which
    comprised of 30 of the overall market share in
    2015 will also see significant growth in the
    coming years.
  • High demand for wireless communications will
    enhance the growth of this technology across the
    globe. Asia Pacific Li-Fi market, which had a
    revenue of approx. USD 185 million in 2015, is
    forecast to be the leading region over the coming
    years, according to Global Market Insights Inc..
    This is on account of high internet connectivity
    demand along with poor radio communication
    infrastructure in rural regions of countries like
    India.
  • The US Li-Fi market share is expected to grow at
    a CAGR of 78 over 2016-2023, having been valued
    at approx. USD 190 million in 2015. In the Middle
    East, UAE based technology company Zero.1 in
    partnership with telecommunication service
    provider du will soon launch Li-Fi service in
    Dubai.

5

Browse Full Market Research Report Li-Fi Market
_at_ https//goo.gl/ip6Hl6 tps//goo.gl/ip6Hl6 Req
uest for a Sample of this Research report _at_
https//www.fractovia.org/request-purchase/184
6
U.S. Li-Fi market size, by component, 2013-2023
(USD Million)

7
Continued...
  • Key Industry participants in the Li-Fi market are
    PureLifi, Philips, GE, LVX, Oledcomm, etc. The
    technology demands an advanced product portfolio
    which is encouraging strategic alliances and
    mergers acquisitions amongst the corporate
    firms. The applications of this technology shall
    pave a way for the players to gain profitability
    by redesigning and expanding their product
    landscape. Some major opportunities in the Li-Fi
    industry shall be witnessed in the coming years
    in the areas like smart LED lighting for
    commercial buildings and private homes, smart
    lightening of public areas like stations
    airports, smart stores, traffic updates from
    traffic lights and route management in railways
    etc.

8
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