Li-Fi Enabled Communication System Market to Grow at 73.7% CAGR to Reach $167,496.4 Million by 2027 Led by Oledcomm, Acuity Brands, Fraunhofer HHI, NextLiFi, Signify, VLNComm, Global LiFi Tech, Lucibel, PureLiFi, Infinity Technology
The Global Li-Fi Enabled Communication System Market accounted to US$ 1,229.0 Mn in 2018 and is expected to grow at a CAGR of 73.7% during the forecast period 2019 - 2027 to account to US$ 167,496.4 Mn by 2027.
Request Sample PDF Brochure of this report at https://www.theinsightpartners.com/sample/TIPRE00003302/?OPR-pK
North America was the leading geographic region in the Li-Fi enabled communication system market and it is anticipated to be the highest revenue contributor throughout the forecast period. High disposable incomes of individuals, investment in advanced technologies, huge consumer electronics industry are some of the major factors driving the growth in this region. The penetration of consumer electronic devices in the region is very high and devices like smartphones, tablets and personal computers have found a broader user base in North America.
Internet of things (IoT) plays a crucial role in the deployments and demands for Li-Fi technology in this region. The majority of the world’s largest technology companies have favored in the high economic growth which drives the Li-Fi enabled communication system market in the region.
The global Li-Fi enabled communication system market is flourishing at an impressive rate and the same is expected to experience exponential growth rate in the coming years. In terms of geographical growth, Europe is the one of the largest markets for Li-Fi enabled communication systems. The wireless industry of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP as well as provides employment to millions of people in the region. The automotive sector of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP. EU is also the leading producer of motor vehicles and several premium automotive manufacturers are based in the region.
With the increase in high-speed data connectivity, numerous players in this region are taking initiatives for the deployment of Li-Fi technology. For instance, in February 2019, Netherlands based company, Signify – a global leader in lights has announced that the company is operating with more than 30 customers across North America, Europe, and the Asia Pacific in order to test and commercialize its Li-Fi system. The company’s Li-Fi enabled luminaires to comprise of superior energy-efficient lights that offer high-speed, secure, and stable wireless communication using light waves. The constantly rising demand for advanced technologies among European industries is set to nurture the Li-Fi enabled communication system market in the European region till the forecast period.
Market initiatives by the players is propelling Li-Fi Enabled Communication System market growth:
In the global Li-Fi enabled communication system market, new market initiative is a strategy basically adopted by companies to expand their footprint across the world and meet the growing demand of its customers. The market players present in Li-Fi based communication system market are mainly focusing towards product enhancements by implementing advance technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company maintain its brand name globally. Most of the Li-Fi enabled communication system market initiatives were observed in Asia Pacific, North America, and Europe regions, which have high density of Li-Fi related solutions.
Segment by Type Insights:
The Li-Fi enabled communication system market is categorized on basis of the system’s components as LEDs, photo detectors, micro controllers and others. The other segment comprises of amplifiers, radio transmitter & receivers among others. Significant penetration of LEDs across industries, increasing partnerships among the Li-Fi technology developers and ecosystem partners is driving the growth of Li-Fi enabled communication system market.
Segment By End-User Insights:
The global Li-Fi enabled communication system market is classified on basis of different end users as smart home, smart city, automotive, education, retail, healthcare, government, transportation and others. The others segment includes end user industries such as petrochemicals, telecom, aviation, disaster management and BFSI among others. Smart city program authorities as well as governments are opting for Li-Fi based connectivity. Smart cities could definitely benefit from Li-Fi enabled street lights to provide internet access to mobile phones. The developed countries are witnessing the rise in numbers of smart home, which is benefiting the Li-Fi technology developers in the current scenario.
Retail, Smart City, Education, and healthcare are the prominent end user segments of Li-Fi enabled communication system. Various companies operating in the market are undertaking initiatives to propel Li-Fi technology in these sectors. Additionally, the smart hospitals are integrating their infrastructures with Li-Fi enabled communication system which is also propelling the market growth.
New market initiatives were observed as the most adopted strategy in global Li-Fi Enabled Communication System industry. Few of the recent market initiatives are listed below:
2019: Zumtobel a prominent provider of professional lighting and associated services announced a partnership with pureLiFi with the aim of stepping into wireless enterprise network market.
2019: Signify announced 30 pilot projects across North America, Europe, and Asia for the trial of its commercial Li-Fi system.
2018: BMW successfully completed three-year test using the LED light to transfer automobile inspection information in a factory floor robot. Through this, the system performed has increased remarkably.
2018: nextLiFi and Two Bulls announced a strategic partnership with the aim of developing next generation wireless application using light for data transmission.
Place a Direct Purchase Order at https://www.theinsightpartners.com/buy/TIPRE00003302/?OPR-pK
Global Li-Fi Enabled Communication System Market – By Component
• Photo Detector
• Micro Controller
Global Li-Fi Enabled Communication System Market – By End-User
• Smart Home
• Smart City
Global Li-Fi Enabled Communication System Market – By Geography
• North America
o Rest of Europe
• Asia Pacific (APAC)
o South Korea
o Rest of APAC
• Rest of the World
Li-Fi Enabled Communication System Market - Company Profiles
• Acuity Brands, Inc.
• Fraunhofer HHI
• Global LiFi Tech
• Infinity Technology Services Limited
• Lucibel SA
• Signify N.V.
Complete Report is available at https://www.theinsightpartners.com/reports/li-fi-enabled-communication-system-market?OPR-pK
Few Points from the Table of Content:
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLOBAL LI-FI ENABLED COMMUNICATION SYSTEM MARKET LANDSCAPE
5. LI-FI ENBALED COMMUNICATION SYSTEM MARKET – KEY INDUSTRY DYNAMICS
6. LI-FI ENABLED COMMUNICATION SYSTEM – GLOBAL MARKET ANALYSIS
7. GLOBAL LI-FI ENABLED COMMUNICATION SYSTEM MARKET ANALYSIS – BY COMPONENT
8. GLOBAL LI-FI ENABLED COMMUNICATION SYSTEM MARKET ANALYSIS – BY END USER
9. LI-FI ENABLED COMMUNICATION SYSTEM MARKET –GEOGRAPHICAL ANALYSIS
10. INDUSTRY LANDSCAPE
11. GLOBAL LI-FI ENABLED COMMUNICATION SYSTEM MARKET- KEY COMPANY PROFILES
11.1 ACUITY BRANDS, INC.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 FRAUNHOFER HHI
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 GLOBAL LIFI TECH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Business Description
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 INFINITY TECHNOLOGY SERVICES LIMITED
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Li-Fi Enabled Communication System Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Li-Fi Enabled Communication System Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Li-Fi Enabled Communication System Market to Grow at 73.7% CAGR to Reach $167,496.4 Million by 2027 Led by Oledcomm, Acuity Brands, Fraunhofer HHI, NextLiFi, Signify, VLNComm, Global LiFi Tech, Lucibel, PureLiFi, Infinity Technology here
News-ID: 1681683 • Views: 631
More Releases from The Insight Partners
New Study on PC as a Service Market to 2027 - Lenovo, Dell, Hewlett Packard Ente …
The analysis of the global PC as a Service Market 2027 is an in-depth study of the PC as a Service industry, which focuses on global market trends. The report aims to provide an overview of the global market for PC as a Service with detailed market segmentation by product / application and by region. The global market for PC as a Service is expected to experience strong Growth over
New Syudy on IoT Gateway Market to 2027 - AAEON Technology, Adlink Technology, A …
The analysis of the global IoT Gateway Market 2027 is an in-depth study of the IoT Gateway industry, which focuses on global market trends. The report aims to provide an overview of the global market for IoT Gateway with detailed market segmentation by product / application and by region. The global market for IoT Gateway is expected to experience strong Growth over the forecast period. The reports cover key market developments
Enterprise Content Management System Market Projected to Garner Significant Reve …
The Industry Report “Enterprise Content Management System Market” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the Enterprise Content Management System market. Enterprise Content Management System is a tool that provides a centralized platform to hold the content and manage it in such a way that it meets regulatory
Li-Fi Enabled Communication System Market to Witness an Outstanding Growth durin …
Growing demand for cost and energy efficient wireless communication systems to drive the Li-Fi Enabled Communication System market worldwide With the technological advancements in the digital world and the existing wireless communication infrastructures proving to be incapable of handling the predicted surge in the number of connected devices as well as the data traffic over the network, the search for new emerging communication system with better data traffic handling capabilities has
More Releases for Enabled
VAT Enabled ERP Software - AxolonERP
VAT Complaint ERP in UAE The end of the fiscal year of 2016-17 brought a novel taxation scheme in the UAE and Saudi Arabia – VAT. The VAT or Value Added Tax changed the way enterprises of all types and scales worked as far as accounting and finance management is concerned. The invoicing; inventory management; investment and asset planning and billings of all kinds experienced changes and the need of the
NFC-Enabled Phones and Contactless Smartcards Market
Global NFC-Enabled Phones and Contactless Smartcards Market: Overview Near field communication or NFC is considered one of the present times' most intuitive interfaces enabling seamless interoperability between proprietary wireless networking platforms. The capability of performing safe contactless transactions quickly, connecting electronic devices in the simplest manner, and accessing digital content with merely a wave or touch near places having contactless card readers are all working towards heightening the popularity of this
Matrix Aadhaar Enabled Biometric Attendance Device
Aadhaar authentication, for attendance marking, has now been made mandatory for employees working in the government organizations. Matrix Aadhaar Enabled Biometric Attendance Device – COSEC VEGA FAXQ, is the first of its kind. This device enables employees to directly mark their attendance, without having to manually entering their Aadhaar number. They can either use a smart card or the keypad on the device followed by their fingerprint authentication to mark
MATRIX AADHAAR ENABLED BIOMETRIC ATTENDANCE SOLUTION
SOLUTION AADHAAR Enabled Biometric Attendance Solution for Government Organizations OVERVIEW AEBAS is an attendance management system designed for government organizations by Government of India to improve the productivity of employees. The system authenticates attendance using AADHAAR number created by Unique Identification Authority of India (UIDAI). With the wave of mandate in attendance marking through AADHAAR authentication among Government organizations, the most common issue of re-typing AADHAAR number on the device while marking attendance has
Toyota Competency Framework launched – enabled by MTI
MTI Consulting launched the Toyota Lanka HR re-engineering and competency development assignment in September last year. The HR consulting project which is executed through the application of MTI Consulting’s Competency Integration Model was approved as the basis to holistically develop a competency framework for Toyota Lanka. The project which examined the external environment, the key stakeholders and the HR value chain before recommending a competency map for Toyota was
RFID-Enabled Document Tracking System Webinar Scheduled
Great Falls, VA - epcSolutions invites you to a webinar on document tracking using GEN2 RFID on May 20th at 2:00 PM ET with speakers Kevin Kail, CEO and Chuck Williams, CTO, epcSolutions. Company\'s documents are among their most valuable assets. The knowledge and intellectual property embedded in them needs to be properly preserved and maintained in order to maximize a company\'s value. Proper and efficient systems for document tracking are