Li-Fi (Light Fidelity) Market 2022 Precise Outlook- Signify Holding BV, pureLiFi Ltd, LVX System, Oledcomm SAS, Lucibel SA, SLD laser

The Li-Fi (Light Fidelity) Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Li-Fi (Light Fidelity) Market forecast 2026.           

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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The Li-Fi (Light Fidelity) market is highly competitive and consists of a number of major players. Companies like Signify Holding BV, pureLiFi Ltd, LVX System, Oledcomm SAS, Lucibel SA, SLD laser, Velmenni OU, LightBee Corp., Renesas Electronics Corporation, IDRO Co. Ltd Amongst Others.

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.

Key Developments:

- 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 Getacs 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.
- Over the last few years, there has been increasing research in Li-Fi networking techniques, such as multiuser access, interference mitigation, and mobility support, and in parallel, Li-Fi products have been developed, which have enabled wireless networking with light. Moreover, as energy efficiency measures are being taken all over the world, smart homes and smart cities, with energy-efficient devices, are expected to increase. As Li-Fi technology is slowly penetrating these applications, the growth in the smart home and smart city markets will offer a massive opportunity to the vendors in the studied market.

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What are the market factors 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 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:  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, 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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Finally, Li-Fi (Light Fidelity) Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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