Press release
Li-Fi (Light Fidelity) Market Growth Factors Details for Business Development 2021 to 2025: Panasonic Corporation, Koninklijke Philips NV, Renesas Electronics Corporation
The Li-Fi (Light Fidelity) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The Li-Fi Market was valued at USD 143 million in 2019 and is expected to reach USD 3.52 billion by 2025, at a CAGR of 70.54% over the forecast period 2020 - 2025.
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Competitive Landscape:
Top Companies: Panasonic Corporation, Koninklijke Philips NV, Renesas Electronics Corporation, Siemens AG, Velmenni, Zero1 Pte Ltd, PureLiFi, Oledcomm, LightBee Corp., IDRO Co. Ltd
Industry News and Updates:
In April 2018, pureLifi entered into partnership with Cisco in 5G RuralFirst project. This project is expected to support and inform the development of the UKs 5G ecosystem, so that it is able to address the needs of communities and businesses in rural locations in ways that 4G, 3G, and 2G have not been able to do. pureLiFi is one among the project innovators working on 5G radio access technology and dynamic spectrum access.
Key Market Trends:
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 influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Li-Fi (Light Fidelity) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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