Dublin, Nov. 05, 2018 (GLOBE NEWSWIRE) -- 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
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.
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 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.
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 questions answered in the report
- What will be the global Li-Fi market value by 2028 along with the estimated CAGR?
- What are the driving factors for the global Li-Fi Technology market through 2017 to 2028?
- Which factors are impending the growth of the global Li-Fi Technology market?
- What are the recent trends and developments in the global Li-Fi Technology market?
- Which Li-Fi component type will lead the global Li-Fi technology market by 2028?
- What is the revenue generated by Li-Fi technology across different application verticals during the forecast period (2018-2028)?
- Which application will dominate the global Li-Fi technology market by 2028?
- Which region will lead the global Li-Fi technology market by 2028?
Key Topics Covered:
Executive Summary
1 Market Dynamics
1.1 Introduction
1.2 Market Drivers
1.2.1 Adoption of Light Emitting Diodes (LEDs)
1.2.2 Benefits of Li-Fi: Fast and Reliable
1.2.3 Increased demand for wireless networks
1.3 Market Restraints
1.3.1 Technical Challenges: Signals can't penetrate through the walls
1.3.2 Lack of Awareness regarding Li-Fi
1.4 Market Opportunities
1.4.1 Smart LEDs for commercial and industrial applications
1.4.2 Li-Fi Applications in Aviation Industry
2 Competitive Landscape
2.1 Key Strategies and Developments
2.1.1 Partnerships and Collaborations
2.1.2 Others
3 Industry Analysis
3.1 Patent Analysis
3.2 Consortium & Association
3.3 Supply Chain Analysis
4 Global Li-Fi Market (by Component)
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 Global Li-Fi Market By Component
4.3.1 Light Emitting Diodes (LEDs)
4.3.2 Photodetector
4.3.3 Microcontrollers
5 Global Li-Fi Market (by Application)
5.1 Applications Market Overview
5.1.1 Healthcare
5.1.2 Education
5.1.3 Aviation
5.1.4 Retail
5.1.5 Exhibition industry
5.1.6 Others
6 Global Li-Fi Market (by Region)
6.1 Market Overview
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 Rest-of-the-World (RoW)
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/3twdmv/global_lifi?w=12
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