Global Li-Fi Market to Reach Value of USD 124,850.71 Million by 2032 | Emergen Research
Rising government focus on smart cities and increasing demand for faster data transmission is driving Li-Fi market growth.
Vancouver, Nov. 02, 2023 (GLOBE NEWSWIRE) — The global Li-Fi market is expected to reach a market size of USD 124,850.71 Million by 2032 and register a high revenue CAGR, according to latest analysis by Emergen Research. Rising government focus on smart cities is expected to drive global Li-Fi market growth over the forecast period. Besides, increasing demand for faster data transmission is expected to stimulate global Li-Fi market growth during the forecast period. Decreasing LED prices worldwide is expected to further boost market growth going forward. The use of LEDs is being encouraged worldwide due to low energy consumption and improved lighting.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/513
However, lack of awareness about Li-Fi technology among potential consumers is expected to hamper growth of the global Li-Fi market to some extent during the forecast period.
Segments Covered in the report.
|The market size in 2020||USD 213.5 Million|
|The revenue forecast in 2032||USD 124,850.71 Million|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD Million and CAGR from 2023 to 2032|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Component, Application, End-Use, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Country scope||U.S., Canada, Mexico, U.K., Germany, France, BENELUX, Italy, Spain, China, India, Japan, South Korea, Brazil, Saudi Arabia, South Africa, Turkey|
|Key companies profiled||Oledcomm SAS, Panasonic Corporation, Signify Holding B.V., Velmenni OÜ, Renesas Electronics Corporation, PureLiFi Limited, Fsona Networks Corporation, Acuity Brands, Inc., Lucibel SA, and VLNComm Inc|
|Customization scope||10 hours of free customization and expert consultation|
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/513
MAJOR COMPANIES and Market Share Analysis
The global Li-Fi market is fragmented, with a substantial number of large- and medium-sized players accounting for a significant share in the global market revenue. Some of the top players are:
- Oledcomm SAS
- Panasonic Corporation
- Signify Holding B.V.
- Velmenni OÜ
- Renesas Electronics Corporation
- PureLiFi Limited
- Fsona Networks Corporation
- Acuity Brands, Inc.
- Lucibel SA
- VLNComm Inc
In January 2020, Oledcomm SAS introduced LiFiMAX1G in the LiFiMAX series. LiFiMAX1G enables 1Gbps upstream and 600Mbps downstream bandwidth at a gap of 1–5m for unparalleled Internet-Of-Things (IoT) and robotic connectivity.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/513
Key Highlights of Report
- Increasing usage of photodetectors such as photodiodes to track and interpret images in the transmitted signal is a key factor driving revenue growth of the photodetector segment currently, which is also expected to register a significantly high CAGR of 70.3% over the forecast period.
- In terms of market share, the location-based services segment is expected to lead over the forecast period due to increasing application of location-based services in the retail sector to precisely calculate footfalls.
- In terms of revenue share, the automotive segment is expected to register significant growth over the forecast period due to increasing application of Li-Fi systems in autonomous vehicles for better connectivity.
- Factors such as well-established automotive industry and significant presence of international and domestic market players, including Lucibel SA and Signify Holding B.V., among others in countries in Europe is expected to support growth of the market in the region over the forecast period.
- In October 2019, Signify Holding B.V. and Vodafone GmbH entered into alliance to integrate 5G and LiFi networking systems, offering users ultra-high-speed cellular Internet access.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/lifi-market
Emergen Research has segmented the global Li-Fi market on the basis of component, application, end-use, and region.
- Component Outlook (Revenue, USD Million; 2023–2032)
- Optical Sensing
- Application Outlook (Revenue, USD Million; 2023–2032)
- Underwater Communication
- Standalone Tracker
- Indoor Networking
- Advance Tracker
- Location-Based Services
- End-use Outlook (Revenue, USD Million; 2023–2032)
- Aerospace & Defense
- Consumer Electronics
- Regional Outlook (Revenue, USD Million; 2023–2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- North America
Curated Reports You Shouldn’t Miss: Dive In Now!
Online Reading Platform Market Size, Share, Trends, By Application (Personal, Commercial), By Deployment Mode (Cloud-based, Website-based), By Subscription, By Language, By Reading Behavior, and By Region Forecast to 2028
Imaging Technology for Precision Agriculture Market By Technology (Hyperspectral technology, Multispectral technology), By Product (Sensors, Cameras, Software), and By Region Forecast to 2028
Augmented Reality Market, By Offerings (Software, Hardware), By Device Type (Head-mounted Displays, Head-up Displays), By Application (Healthcare, Automotive, Consumer, Enterprise, Aerospace & Defense, Energy, Commercial), and By Region Forecast to 2028
Metaverse in Travel and Tourism Market By Component (Software, Hardware), By Technology (Blockchain, AR, VR, MR, XR), By End Use (Room Tours, Destination Tours, Theme Parks and Museums, Natural Attractions, Trade Shows & Expos, Others), and By Region Forecast to 2030
Artificial Intelligence Engineering Market Size, Share, Trends, By Solutions (Hardware, Software, Services), By Technology (Deep Learning, Machine Learning, Natural Language Processing), By End-Use, By Deployment, and By Region Forecast to 2030
Network Automation Market Size, Share, Trends, By Network Type (Physical, Virtual, Hybrid), By Solution (Network Automation Tools, SD-WAN and Network Virtualization, Intent-based Networking), By End-use, and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
Explore Our Japanese Version: Li-Fi Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-lifi-market
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.