The report comprises a detailed analysis of the vital elements of the Li-Fi market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Li-Fi market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
Increasing demand for high-speed networks is a primary factor expected to drive growth of the global Li-Fi market during the forecast period. Growing demand for highly secure network systems in various industries is expected to further propel global market growth during the forecast period. Increasing demand for indoor networking in the retail industry globally is another factor expected to boost growth of the global Li-Fi market growth over the forecast period.
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Report Objective:
The report offers a complete analysis of the global Li-Fi market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. 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. and others are some of the top companies profiled in the report.
Some Key Highlights in the Report:
- Increasing LED implementation in various industries is driving revenue growth of the LED segment currently, which is expected to register a significantly high CAGR of 70.4% over the forecast period.
- In terms of revenue share, the indoor networking segment is expected to lead during the forecast period due to rising application of Li-Fi-based indoor networking systems in healthcare, retail, and education sectors.
- Based on end-use, the retail segment is expected to account for the largest market share during the forecast period due to increasing implementation of Li-Fi technology in retail sector to enhance shopping experience.
- Due to increasing need for energy-efficient devices, and growing demand for high-speed bandwidth in countries in North America, the market in the region is expected to account for the largest market share among other regional markets during the forecast period.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global Li-Fi market on the basis of component, application, end-use, and region.
Component Outlook (Revenue, USD Million; 2021–2028)
- Photo-Detector
- LEDs
- Microcontroller
- Optical Sensing
- Others
Application Outlook (Revenue, USD Million; 2021–2028)
- Underwater Communication
- Standalone Tracker
- Indoor Networking
- Smartphone
- Advance Tracker
- Location-Based Services
- Others
End-use Outlook (Revenue, USD Million; 2021–2028)
- Healthcare
- Aerospace & Defense
- Education
- Retail
- Automotive
- Government
- Transportation
- Consumer Electronics
- Others
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Li-Fi Market:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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