Exploring Li-Fi Market: Rising Trends, Opportunities and Challenges Forecast 2027

Li-Fi

A Quick Overview of Li-Fi Market

The key object of this report on the Li-Fi Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Li-Fi Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2027, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

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Li-Fi Market Scenario:

The Global Li-Fi Market is expected to register more than 60% CAGR during the forecast period, i.e., 2022-27. Presently, the Li-Fi technology is in the early stage but gaining significant attention worldwide. The mounting demand for high-speed & secured data transmission across various industries would primarily drive the Li-Fi market globally in the future.

Besides, the projected crunch of RF spectrum, various ongoing & upcoming smart city projects promoted by governments of several countries worldwide, and the mounting adoption of advanced technologies like cloud computing, big data, etc., across several industries would further boost the global market through 2027.

Li-Fi Market – Industry Dynamics, Size, And Opportunity Forecast To 2027:

Market Driver – Overburdened RF Spectrum & Declining Prices of LEDs

With the rapidly rising number of users & devices, there’s a substantial risk of RF (Radio Frequency) spectrum crunch in the coming years, as its size is limited. The Li-Fi technology uses a visible light spectrum for high-speed data transmission, which is different from & 10000 times larger than the RF spectrum currently used in WiFi technology. As a result, the gradually diminishing RF spectrum is projected to tremendously boost the adoption of Li-Fi technology and drive the Global Li-Fi Market through 2027.

Moreover, governments of various countries worldwide are actively encouraging the use of more and more LEDs, owing to their low power usage, better illumination, & zero harmful emissions. In fact, some nations are also offering LED lighting solutions at subsidized rates, which, as a result, has notably reduced their prices in the previous few years. The same trend is expected in the coming years, which would drive more users toward adopting Li-Fi systems and fuel the overall market growth.

Li-Fi Market Segmentation Analysis:

Li-Fi Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Components

  • LEDs
  • Microcontrollers
  • Photodetectors
  • Others (Optical Sensors, etc.)

By End-Users

  • Aerospace & Defense
  • Healthcare
  • Education
  • Retail
  • Automotive
  • Others (Transportation, Media & Entertainment, etc.)

By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/li-fi-market.html

Who are the Key Market Players in the Li-Fi Market?

In the fast-changing Li-Fi Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Li-Fi market ruling the industry are:

List of Key Companies Profiled:

  • Acuity Brands, Inc.
  • Fujitsu Ltd.
  • Fsona Networks Corporation
  • General Electric
  • Global Li-Fi Tech, Inc
  • Integrated System Technologies Ltd
  • Lightbee S.L.
  • LumEfficient Lighting Corporation
  • LVX System
  • Lucibel SA
  • Oledcomm SAS
  • Panasonic Corporation
  • PureLiFi Limited
  • Renesas Electronics Corporation
  • Signify Holding B.V.
  • Velmenni OÜ
  • VLNComm Inc
  •  

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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