Li-Fi Market Sharing with Major Leading Industries like: Renesas Electronics Corporattion, Oledcomm S.A.S., GE Lighting, Fujitsu, Acuity Brands, Inc, Qualcomm Incorporated, Panasonic Corporation, PureLifi Ltd., Integrated System Technologies Ltd.

Li-Fi market will exhibit massive growth over the coming six years, driven by its increasing demand across electromagnetic sensitive areas such as hospitals, nuclear power plants, and aircraft cabin. Light fidelity (Li-Fi) industry has gained high popularity in the global business space over the recent years, driven by its growing preference over traditional technologies on account of its favorable features such as energy efficiency, directional lighting, high-speed data transfer, and intrinsic security. The additional advantages of Li-Fi such as no bandwidth limitations, RF spectrum bandwidth crunch will provide an upper hand to this technology over the traditional channels such as Wi-Fi.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/462

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 market 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 patient's 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.

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.

Geographically, Asia Pacific Li-Fi market worth USD 185 million in 2015, is slated to exhibit substantial growth rate over the coming six years. The growth can be attributed to the increasing need for internet connectivity in developing countries. Significant R & D activities across the European region will boost Europe Li-Fi market share in the coming timeframe.

U.S. Li-Fi market collected a revenue of about USD 190 million in 2015 and is projected to register a growth rate of 78% over the period of 2016 to 2023. The growing demand for wireless communication across this region will augment the industry growth.

Make an Inquiry for purchasing this Report @ https://www.decresearch.com/inquiry-before-buying/462

The key players will adopt strategies such as mergers & acquisitions, strategic collaborations, and heavy R&D investments to enhance their product portfolios. The notable participants in Li-Fi market are Axrtek, Renesas Electronics Corporattion, Oledcomm S.A.S.,GE Lighting, IBSENtelecom Ltd., Lightbee Corp., Fujitsu, Acuity Brands, Inc, Qualcomm Incorporated, Panasonic Corporation, LVX Minnesota Corporation, PureLifi Ltd., Koninklijke Philips N.V., Lucibel, Velmenni, Integrated System Technologies Ltd.

Contact Us:
DecResearch.com
Website: - https://www.decresearch.com/
Email: info@decresearch.com

About DecResearch.com:
DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

This release was published on openPR.