DUBLIN--(BUSINESS WIRE)--The "Global Market for Li-Fi Technology: Focus on Components, Applications, Patents, and Country- Analysis and Forecast (2018-2028)" report has been added to ResearchAndMarkets.com's offering.
Global Light Fidelity (Li-Fi) Technology Market is Expected to Reach $35.82 billion by 2028 growing at a CAGR of 71.20% during 2018-2028
The global Li-Fi market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this section are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategy for the companies has been partnerships and collaborations in order to strengthen their position in the global Li-Fi market.
With the advent of Li-Fi technology, human brain has given rise to a new phenomenon in the form of Li-Fi or Light Fidelity. Li-Fi, a wireless communication technology, which is expected to enhance the overall experience of the user by its user-friendly interface. With the constantly evolving technologies such as, 5G wireless broadband, and Internet of Things (IoT), among others, Li-Fi technology is bound to expand to many more fields of applications such as healthcare, aviation, retail and education, among others and transform all the major industry verticals present in the world today.
The Li-Fi technology market is expected to grow at a significant rate during the forecast period. This growth can be attributed to the increasing demand of advanced data transmission technology. Furthermore, the rising demand for higher bandwidth and advantages associated with Li-Fi technology and tremendous development in the Research & Development (R&D) for Li-Fi technology to overcome the technical challenges are expected to drive the global market for Li-Fi technology during the forecast period.
Geographically, Europe led the global Li-Fi technology market in 2017 in terms of value. Additionally, APAC region is expected to witness the highest growth during the forecast period (2018-2028). Increase in usage of wireless data in smartphones and other devices such as laptops, and tablets, among others due to growing population and rapid urbanization in the region is expected to drive the market for Li-Fi during the forecast period. In addition, increase in demand for high speed, bidirectional, and fully secured wireless communication is estimated to boost the market for Li-Fi in the region.
The key market players in the global Li-Fi market are pureLiFi, Signify Holding, OLEDCOMM, Acuity Brands, Inc., FIREFLY WIRELESS NETWORKS, LLC, Panasonic Corporation, Samsung Electronics Co., Ltd., Qualcomm Incorporated, and others.
Key Topics Covered:
Executive Summary
1 Market Dynamics
2 Competitive Landscape
3 Industry Analysis
4 Global Li-Fi Market (by Component)
5 Global Li-Fi Market (by Application)
6 Global Li-Fi Market (by Region)
7 Company Profiles
- AXRTEK
- Acuity Brands, Inc.
- Cree, Inc.
- FIREFLY WIRELESS NETWORKS, LLC
- Global Li-Fi Tech
- IBSENtelecom Ltd.
- LVX System
- Lightbee
- Lucibel
- Luciom
- OLEDCOMM
- Panasonic Corporation
- PureLiFi
- QUALCOMM Incorporated
- Renesas Electronics Corporation
- SISOFT
- Samsung Electronics Co., Ltd.
- Signify Holding
- VLNcomm
- Velmenni
For more information about this report visit https://www.researchandmarkets.com/research/sjjbf5/global_lifi?w=4
