Li-Fi Market | Key drivers, business insights and future trends along with leading market players

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.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the high acuity information solutions market. Also, to arrive at an accurate and unbiased market forecast, data collected from secondary research sources have been analyzed and validated through primaries.

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 Key  Li-Fi Market participants 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.

Key inclusions of the  Li-Fi Market report:

• COVID-19 effects on growth figures.
• Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
• Organized mentions of major market trends.
• Growth opportunities.
• Figures showcasing market growth rate.
• Advantages and disadvantages of direct and indirect sales channels.
• Insights regarding traders, distributors, and dealers present in the industry.

Some Key Findings from the Report:

 Increasing LED implementation in various industries is driving revenue growth of the LED segment currently, which is expected to register a significantly high CAGR of 70.4% over the forecast period.

In terms of revenue share, the indoor networking segment is expected to lead during the forecast period due to rising application of Li-Fi-based indoor networking systems in healthcare, retail, and education sectors.

Based on end-use, the retail segment is expected to account for the largest market share during the forecast period due to increasing implementation of Li-Fi technology in retail sector to enhance shopping experience.

Due to increasing need for energy-efficient devices, and growing demand for high-speed bandwidth in countries in North America, the market in the region is expected to account for the largest market share among other regional markets during the forecast period.

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 Target Audience of the Global Li-Fi Market Report:

• Key Market Players
• Investors
• Venture capitalists
• Small- and medium-sized and large enterprises
• Third-party knowledge providers
• Value-Added Resellers (VARs)
• Global market producers, distributors, traders, and suppliers
• Research organizations, consulting companies, and various alliances interested in this sector
• Government bodies, independent regulatory authorities, and policymakers

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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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

• United States
• Europe
• China
• Japan
• Southeast Asia
• India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Some of the key questions answered in this report:

• What is the size of the overall  Li-Fi Market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities and challenges of the  Li-Fi Market and how they are expected to impact the market?
• What are the attractive investment opportunities within the  Li-Fi Market ?
• What is the  Li-Fi Market size at the regional and country-level?
• Who are the key market players and their key competitors?
• What are the strategies for growth adopted by the key players in  Li-Fi Market ?

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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