The global Li-Fi market is expected to reach a market size of USD 14,913.3 Million by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. 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. However, high implementation cost of Li-Fi systems is a key factor expected to restrain adoption of Li-Fi systems, thereby hampering global Li-Fi market growth during the forecast period.
The report pays special attention to the key elements of the Li-Fi market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
Get a sample of the report @ https://www.emergenresearch.com/industry-report/lifi-market
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Li-Fi market, gauging their revenue share over the forecast timeline. Furthermore, the report analysis the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Key market players include 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.
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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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
