Global Li-Fi Market Key Insights And Growth Scenario Coverage of Top Key Players 2018-2025
Light Fidelity (Li-Fi) or Visible Light Communication (VLC) is a wireless communication technology which is used to transfer data at a very high speed over visible light spectrum, ultraviolet and infrared radiation. Li Fi system comprises of different components, such as Light Emitting Diode (LED), Micro controller and Photo detector. Light act as a main source for high-speed data transmission by triggering the conversion of light waves into electric signal through photo detector.
The growing demand for fast data transmission, need for data security and need for technology advancement from existing data transmission technologies, such as Wi-Fi (Wireless-Fidelity ) are some of the key factors that are supporting the growth of the LiFi market.Further, industries such as healthcare, automotive, and defense are also fueling, the growth of global LiFi market.However, factors such as less awareness about the LiFi technology,specifically, in the emerging regions is one of the key factors which is hindering the growth of LiFi market. In addition, the limitation of LiFi technology, i.e., it is best used in the closed environment or for shorter distance, further limits the growth of the market. The key players, such as Pure LiFi and Lucibel in the market are more focussed on research &development, which is expected to boost the growth of LiFi market in the course of next few years.
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The Li-Fi market has been segmented on the basis of component type, end user and key geographies.Based on component type, the market is segmented into Micro controller, LED, Photo detector. Based on end user type, the market is categorized into healthcare, automotive, aerospace, electronics, defense & others.
The research report “global Li-Fi market”provides in-depth analysis of the Li-Fi market based on component type, end user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Li-Fi market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018.The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1. At what pace is the Li-Fi market growing, globally?What will be growth trend in future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Li-Fi market?
4. What are the various end user industries and how they are poised to grow?
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