Industry Overview
The research report “(Light
Fidelity) Li-Fi Market
Size By Component (Microcontroller, Photodetector, LED), By Application (Indoor
Networking, Aerospace, Automotive, Healthcare, Location Based Services,
Underwater Communication, Defense & Security, Intrinsically Safe
Environments), Industry Analysis Report, Regional Outlook (U.S., UK, Germany),
Application Potential, Price Trends, Competitive Market Share & Forecast,
2016 – 2023”, by Global Market
Insights, Inc. says Li-Fi Market
size is anticipated to reach USD 75.5 billion by 2023; driven by increased
efficiency.
Li-Fi
or Light-Fidelity market will exhibit massive growth over the coming six years,
driven by its increasing demand across electromagnetic sensitive areas such as
hospitals, nuclear power plants, and aircraft cabin. Light fidelity (Li-Fi)
industry has gained high popularity in the global business space over the
recent years, driven by its growing preference over traditional technologies on
account of its favorable features such as energy efficiency, directional
lighting, high-speed data transfer, and intrinsic security. The additional
advantages of Li-Fi such as no bandwidth limitations, RF spectrum bandwidth
crunch will provide an upper hand to this technology over the traditional
channels such as Wi-Fi.
Light
fidelity (Li-Fi) market finds widespread applications across location-based
services, indoor networking, defense & security, intrinsically safe
environments, automotive, underwater communication, aerospace, and healthcare.
Location-based services are predicted to grow noticeably at a CAGR of 79.5%
over the period of 2016 to 2023. The growth can be attributed to escalating
technological innovations and enhancement in the location and indoor
positioning system.
The
healthcare sector is expected to surpass a revenue of USD 2.6 billion by 2023.
The growth of Li-Fi market across the medical sector is primarily driven by its
capability to transfer data at a very high speed. In addition, considering the
health concerns, Li-Fi is preferred over Wi-Fi for the interdepartmental
medical facilities such as sharing the patient’s data with the other
department.
Considering
the components, light fidelity (Li-Fi) market is mainly divided into LED,
Microcontroller, Photodetector. LED or light emitting diode industry share is
anticipated to grow at a rate of 79% from 2016 to 2023. Shifting trends toward
the energy-efficient product will boost the demand for LED. Photodetector
covered 30% of the overall Light-fidelity (Li-Fi) market share in 2015 and will
exhibit attractive growth rate in the years ahead.
Geographically,
Asia Pacific light fidelity (Li-Fi) industry worth USD 185 million in 2015, is
slated to exhibit substantial growth rate over the coming six years. The growth
can be attributed to the increasing need for internet connectivity in
developing countries. Significant R & D activities across the European
region will boost Europe Li-Fi market share in the coming timeframe.
U.S.
light fidelity market collected a revenue of about USD 190 million in 2015 and
is projected to register a growth rate of 78% over the period of 2016 to 2023.
The growing demand for wireless communication across this region will augment
the industry growth.
The
key players will adopt strategies such as mergers & acquisitions, strategic
collaborations, and heavy R&D investments to enhance their product
portfolios. The notable participants in Light Fidelity (Li-Fi) market are GE,
Oledcomm, PureLifi, Lucibel, Distech Control, Acuity Brands, Philips, and LVX.
Chapter 1 Methodology & Scope
1.1 Research
Methodology
1.1.1 Initial data
exploration
1.1.2 Statistical
modeling and forecast
1.1.3 Industry
insights and validation
1.2 Data Sources
2.1 Li-Fi industry 3600
synopsis, 2013 - 2023
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application
trends
3.1 Industry
segmentation
3.2 Industry size
and forecast, 2013 - 2023
3.3 Industry ecosystem
analysis
3.3.1 Vendor matrix
3.4 Technological
evolution
3.5 Industry impact
forces
3.5.1 Growth drivers
3.5.1.1 Massive bandwidth spectrum
3.5.1.2 High degree of security
3.5.1.3 Network availability
3.5.1.4 Increased efficiency
3.5.2 Industry
pitfalls & challenges
3.5.2.1 Limited network coverage
or short range
3.5.2.2 High electricity
consumption
3.5.2.3 Lack of awareness
3.6 Growth potential
analysis
3.7 Competitive
landscape, 2015
3.7.1 Strategy
overview
3.8 Porter’s analysis
3.9 PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Contact
Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:
1-302-846-7766
Toll
Free: 1-888-689-0688
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