Li-Fi (Light Fidelity) Market Excessive Growth Opportunities, Trends & Forecast 2030

Li-Fi (Light Fidelity) Market which delivers detailed overview of the globally-Fi (light
fidelity) market in terms of market segmentation by component, application, end user,
and by region.
Further, for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion on current
and future market trends that are associated with the growth of the market.
Li-Fi (Light Fidelity) Market Statistics –
 The membrane filtration industry is slated to observe 69% growth rate through
2022 – 2030
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The global Li-Fi (light fidelity) market is expected to garner a sizeable revenue by
growing at a CAGR of ~69% throughout the forecast period, i.e., 2022 – 2030, owing to
the rising need for high-speed data transfer, growing number of government initiatives
regarding energy management in the ICT sector and increasing emergence of IoT.
Furthermore, escalating implementation of smart city projects globally is also estimated
to fuel the expansion of the market in the coming years.
The market is segmented by component, application and end user. On the basis of
component, the LED segment is anticipated to grab the largest share during the
forecast period accounting to the high promotion of use of LED by governments of
several nations. Additionally, by application, the indoor segment is expected to witness
a notable growth in the near future on the back of increasing accommodation in smart
buildings and rise in usage of Li-Fi in various indoor settings.
Regionally, the global Li-Fi (light fidelity) market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and the Middle East &
Africa. Asia Pacific is projected to witness noteworthy market growth over the forecast
period, which can be attributed to the increasing number of government initiatives for
the improvement of telecommunication infrastructure and high growth of electronics
industry in the region.
According to recent study by Research Nester, theLi-Fi (Light Fidelity) Market is
projected to expand at CAGR of over 69% from 2022 – 2030.
Major players include in the global Li-Fi (Light Fidelity) market:
 LVX System, Signify Holding BV
 pureLiFi Ltd
 Lucibel SA
 Oledcomm SAS
 fSONA Networks Corporation
 Wireless Excellence Ltd
 Fraunhofer HHI
 Panasonic Corporation
 ACUITY BRANDS LIGHTING, INC
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Growing Requirement for High-Speed Data Transfer Worldwide to Drive Market
Growth
Over the last few years, the volume of data across the world has increased significantly.
Fast and efficient communication is the need of the hour. As light fidelity (Li-Fi)
technology has the ability to unlock the potential of IoT and driving industry 4.0
applications, its adoption is anticipated to rise in the coming years, which in turn is
projected to boost the growth of the market.
However, limited communication range of light fidelity is expected to operate as key
restraint to the growth of the global Li-Fi (light fidelity) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of
the global Li-Fi (light fidelity) market which includes company profiling of LVX System,
Signify Holding BV, pureLiFi Ltd, Lucibel SA, Oledcomm SAS, fSONA Networks
Corporation, Wireless Excellence Ltd, Fraunhofer HHI, Panasonic Corporation, ACUITY
BRANDS LIGHTING, INC., and others.
The profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and developments. On
the whole, the report depicts detailed overview of the global Li-Fi (light fidelity) market
that will help industry consultants, equipment manufacturers, existing players searching
for expansion opportunities, new players searching possibilities and other stakeholders
to align their market centric strategies according to the ongoing and expected trends in
the future.
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