Press release
Li-Fi Market Set for Rapid Growth and Trend by 2024-2032 Key Drivers And Analysis | Fujitsu, General Electric, Integrated System Technologies Ltd
Li-Fi Market
The worldwide digital population is growing quickly around the world. As internet users rise and data traffic escalates dramatically, the radio frequency (RF) spectrum is expected to become crowded, restricting bandwidth access. At this point, Li-Fi is anticipated to be essential in offering robust indoor internet connectivity, without disrupting the RF spectrum, thereby fueling the market's expansion.
The Li-Fi Market is Valued USD 0.68 billion in 2024 and projected to reach USD 22.13 billion by 2032, growing at a CAGR of 45.70% During the Forecast period of 2024-2032.
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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.
Top companies covered in this report: Fujitsu, General Electric, Getac, Integrated System Technologies Ltd., IBEF, Lightbee S.L., Lucibel, NAV Technologies, Renesas Electronics Corporation, Signify Holding B.V., Oledcomm SAS, PureLiFi Limited, SLD Laser, Velmenni OÜ, VLNComm, Fsona Networks Corporation, Acuity Brands, Inc., DRO Co. Ltd, LVX System and Others.
Industry News:
September 2023 - Getac announced it had successfully implanted LiFi technology into its rugged devices as part of a recent innovation project with Signify, the global player in lighting. Signify and Getac is part of the Light Communication Alliance (LCA), a community of industry players, researchers, and innovators who feel in Optical Wireless Communication's power to transform how organizations connect and communicate.
August 2023 - According to IBEF, India is already moving beyond the deployment of 5G technology to create and install its faster and superior successor: the sixth generation of telecom networks, or 6G. TIG-6G, the Technology Innovation Group on 6G, has developed the Bharat 6G Vision, a strategy to create 6G technology in India by 2030. This vision aims to build and deploy 6G network technologies that provide secure, intelligent, and pervasive connectivity, enabling people worldwide to live better lives.
Li-Fi Market Segmentation:
By Component
Photodetector
LED
Optical Sensing
Microcontroller
Antenna
Others
By Type
Li-Fi Lamp
Lifi Dongal
Access Point
LiFi Kit
By Transmission
Unidirectional
Bidirectional
By Application
Advanced Tracker
Location Based Services (LBS)
Standalone Tracker
Indoor Networking
Underwater Communication Line
Smartphone
Others
By End User
Automotive
Retail
Healthcare
Aerospace and defence
Government
Transportation
Education
Consumer electronics
Others
Regional Analysis
North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
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Important Features of the reports:
- Detailed analysis of the Li-Fi Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Li-Fi Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Li-Fi Market performance.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Li-Fi Market.
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Li-Fi Market
How big will the market and growth rate be in 2032?
What are the key drivers for the global Li-Fi Market?
What are the major market trends influencing the growth of the global Li-Fi Market?
What are the challenges for market growth?
Who are the key vendors in the global Li-Fi Market?
What market opportunities and threats are vendors facing in the global Li-Fi Market?
What are the main findings of the five forces analysis of the global Li-Fi Market?
Conclusion: At the end of the Li-Fi Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.
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