Li-Fi technology is widely used in various applications such as healthcare, education, retail, aviation, exhibition industry, and others. Healthcare is one of primary application areas in the global Li-Fi market. Hospitals have always received technology in the form of wired connections. Though, the operations and other hospital activities were carried out without any hindrance, the commercialization of Li-Fi in the healthcare sector would lead to high speed data network in the hospitals.Li-Fi or Light Fidelity is one such solution which does not interfere with the radio waves.
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.
Li-Fi was first developed by Professor Harald Hass in the year 2011 based on the technique of Visible Light communication. Li-Fi technology uses LED bulbs for transmitting data where it acts both as an emitter and photodiode for detecting the light. Unlike Wireless Fidelity (Wi-Fi), Li-Fi does not operate on radio waves making it even more useful in working with aviation and marine industries. The major driving force behind the popularity of Li-Fi is its reliability and fast response. Since the principle involves working with LED bulbs, the transition from CFL and bulbs into LEDs has become a major driving force for Li-Fi technology.
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Li-Fi is one of the emerging technologies that effectively turn LEDs to data transmitters. The Li-Fi enabled LEDs help create high speed, optical wireless communication that leverages the visible and infrared light spectrums. This is achieved through the modulation of light at various frequencies that are imperceptible to the human eye in most lighting applications. Semiconductors, majorly LEDs can turn on and off up to a million times per second, enabling the diodes to send data quickly.
Market Research Future (MRFR) reports that Li-Fi market is likely to touch an approx.
valuation of USD 51 Billion by 2023 and can progress at an incredible rate of 70% between 2017 and 2023 (which is the forecast period).
The market has encountered significant development over the recent years and is anticipated to grow tremendously over the assessment period.
With the growing efforts in the ICT sector by the government like the smart city concept, more and more vendors are compelled to make massive investments in the innovation of Li-Fi.
The report includes vast data relating to the recent discovery and technological expansions perceived in the market, wide-ranging with an examination of the impact of these intrusions on the market’s future development.Li-Fi is expected to emerge as an impactful technology across various industries.
Therefore, the rising demand for LED can mean stupendous growth for the Li-Fi market in the following period.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3561Competitive landscape:LightBee Corporation (U.S.), LightPointe Communications Inc. (U.S.), FSONA Networks (U.K), Koninklijke Philips N.V. (the Netherlands), Panasonic Corporation (Japan), PureLiFi Limited (U.K), Oledcomm (France), Velmenni (Tartu), Acuity Brands, Inc. (U.S.), General Electric (U.S.), are the top contenders that are responsible for the Li-Fi industry expansion around the world.Some of the well-known companies like Philips and General Electric are spending considerable amount on the Li-Fi technology on account of the surge in internet users paired with the rampant demand for transmission of high speed data.
The report "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market with COVID-19 Impact Analysis by Component (LED, Photodetector, Microcontroller, Software), Transmission Type, Application, Geography - Global Forecast to 2025" The overall FSO market is expected to grow from USD 402 million in 2020 to USD 1,977 million by 2025; it is expected to grow at a CAGR of 37.5% during 2020–2025.
Key factors fueling this markets growth include the alternative solution to overburdened RF technology for outdoor networking, last-mile connectivity, faster and safer data transfer than other challenging technologies, and less energy consumption by LEDs.
RF does not work underwater, but visible light can support high-speed data transmission over short distances in this environment.
Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are the factors driving the FSO market in APAC.
Also, with the recent developments and increased expenditure on VLC-related R activities, the APAC region is expected to be the fastest-growing market for VLC during the forecast period.
Similarly, end-user industries such as automotive, aerospace & defense, and consumer electronics are expected to create huge opportunities for VLC or Li-Fi solution providers.
The Li-Fi Market research report elaborates on growth, size, current industry trends, and key players of the industry on the basis of in-depth data mining and industry analysis.
The content of the market study ensures intellectual insights giving a better understanding of the ideal opportunities in the Li-Fi market.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Li-Fi include FSOna Networks Corp, General Electric Co., LG Innotek, Lightpointe Communications, Lucibel, LVX System, Oledcomm, Philips, PureLi-Fi Ltd., Semicon Light Company, Sunpartner Technologies, Wipro LLC, etc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Request FREE sample copy of the report “Global LI-FI Market” at: https://www.valuemarketresearch.com/contact/li-fi-market/download-sampleMarket SegmentationThe broad Li-Fi has been sub-grouped into the Component, Application, Transmission Type, End-User and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
The global Light Fidelity (Li-Fi) Market was valued at around USD 455 million in 2015.
It is expected to grow beyond USD 101 billion during the forecast period (2016- 2024).Light fidelity is a visible light communication (VLC) system.
Li-Fi uses common household LED light bulbs to transfer data boosting speed up to 224 gb (gigabits) per second.Increasing need for eco-friendly technology is expected to drive the market.
Moreover, longer life, low power consumption, and high illumination are expected to augment market growth in the coming years.
The light fidelity market is split into components, application, and geographies.Browse Details of Report @ https://www.hexaresearch.com/research-report/light-fidelity-li-fi-marketLi-Fi components include LED, photo-detector, and microcontroller.
LED based light-fidelity devices held over 40% of the market share in 2015.These LED lights can be controlled to switch on and off to generate a digital string of binary numbers.
