Light Fidelity (Li-Fi)/Visible Light Communication Market Grow at a CAGR 116.8% by 2022 | PureLiFi, General Electric, Oledcomm, Renesas Electronics, LVX SYSTEM, Acuity Brands Lighting, IBSENtelecom, Panasonic Corporation

Light Fidelity (Li-Fi)/Visible Light Communication Market report, published by Allied Market Research, forecasts that the global market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period 2016 - 2022. In 2015, North America contributed major share in the market and will continue to lead throughout the forecast period.

Light Fidelity (Li-Fi) is a very high speed, two-way wireless communication method which uses visible light from LEDs as the medium for transmitting the data by turning them on and off at very high frequency which human eyes cannot sense. This technology is an apt replacement for currently prevailing Wi-Fi technology as Li-Fi is considerably faster, has almost 10,000 times broader bandwidth because it uses visible light, and it is safe to operate in electromagnetic sensitive areas.

Get Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/1695?utm_source=OpenPR

Li-Fi incorporates three major components, which are LED, photodetector, and microcontroller. Among the three components, in the year 2015, LED dominated the market by contributing over 40% share of the overall component segment revenue. Also, this segment is anticipated to grow with the highest CAGR 118.1% during the forecast period owing to its low cost, increased adoption in different applications such as households, offices, vehicles, airplanes and retail stores among others. Furthermore, LEDs are preferred over all other lighting systems as they can easily be turned off and on with the use of a microcontroller.

Under the industry vertical segment, retail industry contributed over 30% of the overall Li-Fi market, in 2015. Li-Fi enables the storekeepers to monitor the positioning of customers by tracing their location to improve shopping experience and provide notifications on their cellphones. However, healthcare sector would be the fastest growing industry and is expected to register highest CAGR 125.3% during the forecast period. This is because Li-Fi does not cause any electromagnetic interference and can safely be used with other medical apparatus such as CT scanner, MRI machine, X-ray machine, and ultrasound machine among others.

North America dominated the market in 2015 by accounting for around 40% of the total market revenue and it is expected to maintain its dominance throughout the forecast period. This is accredited to the presence of various research and development facilities in the region and investment for implementation of this technology by the major companies in the region.

Asia-Pacific is anticipated to be the fastest growing region among others with CAGR of 121.7% during the forecast period. This is attributed due to the large electronic market in China and Japan as well as presence of several developing regions where governments promote the use of LED lights. In Asia-Pacific, China holds about 50% of the market at present and is expected to maintain its leading position throughout the forecast period.

Checkout Link (25% off ) : https://www.alliedmarketresearch.com/checkout/559383?utm_source=OpenPR

Light Fidelity (Li-Fi)/Visible Light Communication Market Key findings:
•In 2015, LED component led the overall Li-Fi market revenue, and is projected to grow at a CAGR of 118.1% during the forecast period.
•Retail industry vertical segment is projected to grow at a CAGR of 112.8% during the analysis period.
•Asia-Pacific is anticipated to be the fastest growing region growing at a CAGR of 121.7% during the forecast period.

KEY PLAYERS

•General Electric
•Oledcomm S.A.S
•Renesas Electronics Corporation
•PureLiFi
•LVX SYSTEM
•Acuity Brands Lighting Inc.
•Qualcomm Technologies Inc.
•IBSENtelecom Ltd.
•Koninklijke Philips N.V.
•Panasonic Corporation.

View Full Report Summary: https://www.alliedmarketresearch.com/light-fidelity-visible-light-communication-market?utm_source=OpenPR

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.