Li-Fi (Light Fidelity) Market Size Status and Global Outlook 2021| Signify Holding BV, pureLiFi Ltd, LVX System, Oledcomm SAS

The Li-Fi (Light Fidelity) Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Li-Fi (Light Fidelity) Market with its specific geographical regions.

 “The Li-Fi Market was valued at USD 295.4 million in 2020 and is expected to reach USD 4157.38 million by 2026, at a CAGR of 69.7% over the forecast period 2021 - 2026”

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Top leading Manufacturers Profiled in Li-Fi (Light Fidelity) Market Report are - Signify Holding BV, pureLiFi Ltd, LVX System, Oledcomm SAS, Lucibel SA, SLD laser, Velmenni OU, LightBee Corp., Renesas Electronics Corporation, IDRO Co. Ltd

Market Overview

Li-Fi is a disruptive technology that is poised to impact many industries. The technology can unlock the potential of IoT, driving Industry 4.0 applications, and lead to the upcoming light-as-a-service (LaaS) in the lighting industry. The CAGR of wireless traffic has been 60% during the last decade. This growth is expected to sustain for the next 10 to 15 years, which, in the current scenario, is a reasonable assumption, due to the advent of Internet-of-Things and machine type communication (MTC). It corresponds to a demand of 12,000 times the current bandwidth, assuming the same spectrum efficiency.

The United States is Expected to Hold Major Share

- The rapid advancement of information technologies, such as wireless sensor networks, the Internet of Things, Big Data, and smartphones, has 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, buildings contribute 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 services to the occupant.

- Increasing applications of indoor location-based services embedded with light fixtures in retail shops and hotels in the North American region are also projected to be one of the factors driving the revenue growth in the region. Several companies, such as GE Lightings and ByteLight Inc., are deploying VLC installations in supermarkets, which in turn, is aiding retailers to tie a customers' shopping history by tracking their location details.

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Regional Analysis for Li-Fi (Light Fidelity) Market:

For a comprehensive understanding of market dynamics, the global Li-Fi (Light Fidelity) market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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Key Takeaways from Li-Fi (Light Fidelity) Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Li-Fi (Light Fidelity) market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Li-Fi (Light Fidelity) market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Li-Fi (Light Fidelity)

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In conclusion, the Li-Fi (Light Fidelity) market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Li-Fi (Light Fidelity) Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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