Li-Fi (Light Fidelity) Market Global Outlook 2021-2026: Panasonic Corporation, Koninklijke Philips NV, Renesas Electronics Corporation

The Global Li-Fi (Light Fidelity) Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

The Li-Fi Market was valued at USD 143 million in 2019and is expected to reach USD 3.52billion by 2025, at a CAGR of 70.54% over the forecast period 2020- 2025

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Key Market Players:

Panasonic Corporation, Koninklijke Philips NV, Renesas Electronics Corporation, Siemens AG, Velmenni, Zero1 Pte Ltd, PureLiFi, Oledcomm, LightBee Corp., IDRO Co. Ltd and Other

Key Market Trends

Indoor is Expected to register a Significant Growth

Smart buildings have begun to adapt to accommodate their residents, in order to improve resident comfort and user experience, by knowing the locations of each occupant and then provide location-based services, such as intelligent car parking, health monitoring, logistics, and shopping assistance. In addition to indoor shopping assistance, location-based service also plays a crucial role in the reduction of building energy cost. The basic idea of Li-Fi technology is to utilize the visible light from an LED light bulb to transmit high-speed data to a photodetector, which is connected to a smartphone or tablet.

Wi-Fis frequency spectrum is around 2.4GHz or 5GHz, while Li-Fis frequency spectrum is located in the visible light band. Considering the widespread use of LED bulbs inside buildings and large bandwidth of visible light, Li-Fi technology is much cheaper and more environment-friendly than Wi-Fi. Li-Fi technique has great potential in many popular applications, such as location-based services, mobile connectivity, smart lighting, and hazardous environments.The increasing growth in the use of LED lamps in buildings for lighting provides enormous opportunities for Li-Fi based applications. As Li-Fi combines the functions of high-speed wireless data communication and indoor lighting infrastructure, it is very cost-effective to be widely utilized in smart buildings.

The United States is Expected to Hold Major Share

The rapid advance of information technologies, such as wireless sensor network, internet of things, big data, and smartphones, have resulted in the development of smart buildings in the North American region. At the end of 2016, around 15 million households in the United States met the definition of smart home, which is expected to increase to more than 20 million households, thereby, offering several opportunities for Li-Fi in the country.

According to the US Green Building Council, building contributes a significant portion of energy consumption in the United States. It is reported that buildings account for 70% of electricity load and 39% of carbon oxide emissions. Given an occupants accurate indoor position, a building management system (BMS) is capable of offering highly-efficient heating, cooling, ventilation, and lighting service to the occupant.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Li-Fi (Light Fidelity) market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Li-Fi (Light Fidelity) market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Li-Fi (Light Fidelity) market.

Market Segments: This part of the report discusses product type and application segments of the global Li-Fi (Light Fidelity) market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Li-Fi (Light Fidelity) used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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