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Li-Fi Market Increasing Demand, Growth Analysis and Future Outlook by 2031

07-01-2024 10:42 AM CET | IT, New Media & Software

Press release from: Orion Market Research

Li-Fi Market Increasing Demand, Growth Analysis and Future

The global Li-Fi market is expected to grow at a significant CAGR during the forecast period. Li-Fi is a disruptive technology that will affect a wide range of businesses. The technology can unlock the promise of IoT, driving Industry 4.0 applications, and paves the way for the lighting industry's impending light-as-a-service (LaaS). Owing to the growing demand for energy management, governments are investing in the ICT sector. Players are compelled to invest and innovate in Li-Fi as a result of government initiatives in the ICT sector, such as implementing smart city transformations. For instance, ICT is at the heart of the seven-year Dubai Plan 2021, which builds on the emirate's leadership's investment in sophisticated technology, as well as some private sector technology enterprises.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/li-fi-market-share

Furthermore, the European Commission highlights the enabling role that ICT may play during the forecast period, such as making buildings more energy-efficient or improving the operation of the power grid and water management. The idea of a smart city is to improve the efficiency of city operations and services while also connecting inhabitants. As the visible light is limited, Li-Fi has a security benefit over Wi-Fi. These constraints, on the other hand, have drawbacks. A Li-Fi-enabled LED lamp's working range is limited by physical barriers such as walls and doors. As light cannot penetrate, opaque materials have a reduced range, the data broadcast by a Li-Fi product is constrained to a small area.

To broaden the scope of the Li-Fi network in establishments such as a house or a building, enabled LED bulbs must be strategically positioned in rooms, halls, and other sections. A single Wi-Fi router has a greater range and coverage than a single Li-Fi router. Li-Fi is not suitable for use in public wi-fi networks. This is due to interference from adjacent light sources and other optical sources. Moreover, if used outside, it can be intercepted by undesirable parties. Furthermore, Li-Fi is still in its infancy, with only a few companies have reached commercialization.

The Covid-19 pandemic has wreaked havoc on the day-to-day operations of a variety of businesses across the board. However, as the number of COVID-19 patients grows rapidly around the world, hospitals and medical facilities are confronting a significant problem in treating patients. For instance, in April 2020, Nav Wireless Technology Pvt Ltd. used Li-Fi technology to communicate critical patient data, such as ventilator readings, temperature, and so on, with the use of a wireless data transfer through LED lights. The product is a plug-and-play LED light with a Li-Fi-enabled chip and a USB dongle for connecting to a computer.

Global Li-Fi Market Report Segmentation

By Application

• Indoor
• Outdoor

A full report of Li-Fi Market available @ https://www.omrglobal.com/industry-reports/li-fi-market-share

Li-Fi Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Koninklijke Philips N.V.
• PureLi-Fi Ltd.
• Panasonic Corp.

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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
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Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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