Emerging Light Fidelity / Visible Light Communication Market Technology and Research - Li-Fi Industry Trends, Growth, Analysis, Demand and Forecast, 2014-2022

Research Beam added report on “Global Light Fidelity (Li-Fi)/Visible Light Communication Market Technology, Trends, Growth and Research – Light Fidelity (Li-Fi)/Visible Light Communication Market by Component (LED, Photo Detector, and Microcontroller), Industry Vertical (Retail, Healthcare, electronics, Automotive & Transport, Aerospace & Aviation, and Defense & security) - Global Opportunity Analysis and Industry Forecast, 2014-2022”

Research beam study says Light Fidelity (Li-Fi)/Visible Light Communication Market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period 2016 - 2022, Request Sample Copy @ http://www.researchbeam.com/light-fidelity-visible-light-communication-market/request-sample

Li-Fi technology facilitates bidirectional, high speed communication through wireless channel by utilizing visible light spectrum in a closed controlled environment such as hospital, airplane, shopping complex, office, and vehicle among others. It is used to provide communication between electronic devices with the help of visible light communication, or VLC technology. The use of VLC systems can be particularly observed in lighting facilities such as LED bulbs.

Need of high speed data transmission, data security, impending RF spectrum crunch, and several technological superiorities over Wi-Fi technology majorly drives the visible light communication market. Apart from being economical, Li-Fi offers several technological advantages over currently prevailing Wi-Fi technology which include, nearly 100 times faster speed of data transmission, enhanced data security, no electromagnetic interference, and less power consumption. However, limited range of communication limits the applicability of Li-Fi because it is best used in a closed control environment, while the presence of other light sources hampers its speed. Although, extensive research in this field is anticipated to fuel up the demand in the light fidelity (Li-Fi) market in the upcoming years.

Segment Review

The light fidelity (Li-Fi) market is segmented on the basis of component, industry vertical, and geography. Based on component, the market is segmented into LED, photo detector, and microcontroller (MCU). Furthermore, the market is categorized on the basis of industry vertical which include retail, electronics, defense & security, automotive & transport, aerospace & aviation, and healthcare. Further, the market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.  

Reducing Cost of LED across the Globe

Being an integral part of the Li-Fi systems LED plays a major role in the overall light fidelity (Li-Fi) market. Usage of LED is being promoted across the globe owing to its low power consumption, no harmful emission, and better illumination. Governments of various countries provide LED lights at subsidized rate, which in turn, has considerably reduced its price over the last few years. This trend is expected to follow in years to come which will aid in the adoption of Li-Fi across the globe.

Light Fidelity (Li-Fi)/Visible Light Communication Market Key Benefits:

This report provides an in-depth analysis of the global Li-Fi market along with the current trends and future estimations, which helps identify lucrative investment opportunities
This report identifies the key drivers, opportunities, and restraints that prevail in the industry channels that shape the Li-Fi market along with their impact analysis
Porter’s Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks
The projected Li-Fi market estimations of geographical regions are based on the current market scenario as well as future trends

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