Light Fidelity (Li-Fi)/Visible Light Communication Market Size, Share, Trend Key Players, Segmentation Development and Forecast by 2032 | General Electric, Oledcomm S.A.S

Light Fidelity (Li-Fi)/Visible Light Communication Market [NEW REPORT 2023] offers a whole overview of the present-day market kingdom of affairs and affords a forecast until 2031. This report provides a balanced mix of qualitative and quantitative data that highlights imperative market developments, challenges, competition, employer analysis, and new probabilities and characteristics inner the Light Fidelity (Li-Fi)/Visible Light Communication Market . Ask for Sample Report

Light Fidelity (Li-Fi)/visible light communication facilitates internet facilities in a closed controlled environment such as hospital, airplane, shopping complex, office, and vehicle among others. It is used to provide communication between electronic devices with the help of visible light particularly LED bulbs. This emerging technology has numerous advantages over currently prevalent Wi-Fi technology such as 100 times faster speed and 10,000 times wider bandwidth, which enables the user to transfer large amount of data in very small duration of time.

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Several exclusive advantages are extensively uplifting the Li-Fi market in various applications such as automated vehicular communications, location based services in retail sector, and inflight communications among others. The Li-Fi technology does not use EM waves and hence, it is most appropriate to use inside hospital and airplane where Wi-Fi and other radio frequency communications is prohibited due to health and security reasons. Li-Fi has a high adoption rate in military & defense as it provides data sharing in a visible range and cannot be hacked from outside. In addition, Li-Fi is used to facilitate communications where radio frequency waves cannot travel such as under water communication in navy.

Furthermore, the growth in Li-Fi market is propelled by its rapid increase in adoption in different applications by the key players. For instance, GE and Qualcomm Atheros have collaborated to provide retailers with Li-Fi enabled lights, which allows them to pinpoint shoppers' locations and use mobile apps to personalize the in-store experience. Furthermore, a leading company in Li-Fi technology, LVX system, has collaborated with NASA to introduce this technology in space, which will save them from carrying load of excessive wiring for communication inside the space crafts.

Major factors that accelerate the growth in Li-Fi market are enhanced data security, faster transmission rate, wider bandwidth, and high adoption rate in industries such as retail, aerospace & defense. However, inability of transmission under sun light and constraint of distance restrain the growth in the market. On the contrary, being a nascent technology it is expected to have a high adoption rate in the emerging nations which will open new opportunities in the market.

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With regard to the COVID-19 Outbreak Impact Analysis:

In mild of COVID-19, the file examined market trends.
On the foundation of the upstream and downstream markets, the find out about examined COVID-19's consequences on the manufacturing industry's furnish chain.
We look at how COVID-19 has affected numerous areas and great nations.
It is mentioned how COVID-19 will have an effect on the industry's future growth.
Examined in the find out about are:

Market behavior, risk, and chance levels
An evaluation of end-industry conduct and opportunity
A predicted timeline for enterprise recovery.
Each learn about is greater than a hundred pages lengthy and is jam-packed with graphs, tables, insightful text, and insurance of in-depth customized market reviews that supply indispensable market facts for the industry.

Micro and microanalysis, the operational environment, regional dynamics, and market addressability, Regulatory and felony frameworks, Analysis of profitability and costs, Market segmentation analysis, market's modern-day advertising techniques, choicest technique, hole analysis, aggressive environment, main market participants, Benchmarking, Future market probabilities and trends: situation modeling

POTENTIAL BENEFITS FOR STAKEHOLDERS:

This report provides an in-depth analysis of the world Li-Fi market along with current trends and future estimations to identify lucrative investment opportunities
This report identifies the key drivers, opportunities, and restraints that shape the market along with their impact analysis
Porter's Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks
Market estimation of geographical regions is based on the current market scenario and future trends

Comparison between properties of Wi-Fi and Li-Fi

Properties
Wi-Fi
Li-Fi
Spectrum used
RF
Visual light
Range
Less than 200 meters
Depends on intensity of light
Cost
High
Low
Security
Less secure than Li-Fi
More secure
Data transfer speed
108 Mbps (with double channel)
100 times faster than Wi-Fi
Standard
IEEE 802.11
IEEE 802.15

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The Li-Fi market is segmented on the basis of component, industry vertical, and geography. Based on component, the market is segmented into LED, photo detector, and microcontroller (MCU). Furthermore, the market is categorized on the basis of industry vertical which include retail, electronics, defense & security, automotive & transport, aerospace & aviation, healthcare, and others. Further, the market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

KEY PLAYERS

General Electric
Oledcomm S.A.S
Renesas Electronics Corporation
pureLiFi
LVX SYSTEM
Acuity Brands Lighting, Inc.
Qualcomm technologies Inc.
IBSENtelecom ltd.
Koninklijke Philips N.V.
Panasonic Corporation

MARKET SEGMENTATION

The market is segmented on the basis of component, industry vertical, and geography.

BY COMPONENT

LED
Photodetectors
Microcontrollers (MCU)

BY INDUSTRY VERTICAL

Retail
Electronics
Indoor networking
Smart streetlights
Defense & Security
Military operations
Underwater communication in navy
Others
Automotive & Transport
V2V communications
Traffic management
Aerospace & Aviation
inflight communication and infotainment
Space crafts
Healthcare
Others (mining and chemical )

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

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