Li-Fi (Light Fidelity) Market to reach USD 4157.38 by 2026 |CAGR: 69.7%

The Li-Fi (Light Fidelity) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Li-Fi (Light Fidelity) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Li-Fi (Light Fidelity) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Li-Fi (Light Fidelity) market.

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 Companies of Li-Fi (Light Fidelity) Market are - Signify Holding BV, pureLiFi Ltd, LVX System, Oledcomm SAS, Lucibel SA, SLD laser, Velmenni OU, LightBee Corp., Renesas Electronics Corporation, IDRO Co. Ltd and others.

Industry News and Updates:

- August 2020 - Nav Wireless Technologies Pvt Ltd has set up LIFI based communication facilities at Civil Hospitals in Ahemdabad, Surat Municipal Institute of Medical Education & Research, and Gujarat Medical Education & Research Society Hospital. After receiving positive responses from the hospital management, medical staff, and patients, the company is exploring more tie-ups with other government and private hospitals in Gujarat and neighboring states like Maharastra, Madhya Pradesh, and Rajasthan.

- January 2020 - Getac Technology integrates the Li-fi technology powered by pureLiFi into the rugged mobiles. The Getac device to offer integrated LiFicapability will be the UX10 fully rugged tablet. Defense, Public Safety, Automotive, energy, and manufacturing sectors will be benefited from Getac’s Lifi Solutions.

Key Market Trends:

Indoor is Expected to Register a Significant Growth

- Smart buildings are currently adapting to accommodate their residents, in order to improve resident comfort and user experience. They do this by knowing the locations of each occupant and then providing 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 costs. 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.

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 occupant’s accurate indoor position, a building management system (BMS) is capable of offering highly efficient heating, cooling, ventilation, and lighting services to the occupant.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Li-Fi (Light Fidelity) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Li-Fi (Light Fidelity) Market (%),2016 - 2026
- Li-Fi (Light Fidelity) Market Share, By Brand
- Li-Fi (Light Fidelity) Market Share, By Company
- Li-Fi (Light Fidelity) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Li-Fi (Light Fidelity) Market Value Analysis & Forecast
- Promising Li-Fi (Light Fidelity) Development by Major Companies
- Detailed Li-Fi (Light Fidelity) Portfolio of the Major Companies
- Major Deals in the Li-Fi (Light Fidelity) Market
- Major Companies Analysis

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