Li-Fi Market Research and Technology Advancements 2019 – The Market Publicist

Li-Fi (Light Fidelity) market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2019 to 2024 are profiled in this report.

The Li-fi Market is expected to register a CAGR of over 70.54 % during the forecast period 2019 2024.

The Li-Fi (Light Fidelity) market is highly competitive and consists of a number of major players: Panasonic Corporation, Koninklijke Philips NV, Renesas Electronics Corporation, Siemens AG, Velmenni, Zero1 Pte Ltd, PureLiFi, Oledcomm, LightBee Corp., IDRO Co. Ltd and others

Click the link to get a Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/08071391241/li-fi-light-fidelity-market-analysis-of-growth-trends-and-forecast-2019-2024/inquiry?source=MW&Mode=70

Scope of the Report

Li-Fi is a wireless communication technology that uses the infrared and visible light spectrum for high-speed data communication. Li-Fi extends the concept of visible light communication (VLC) to achieve secure, bi-directional, high speed, and fully networked wireless communications. Li-Fi supports user mobility and multiuser access.

Key Market Trends

Indoor is Expected to register a Significant Growth

Smart buildings have begun to adapt to accommodate their residents, in order to improve resident comfort and user experience, by knowing the locations of each occupant and then provide location-based services, such as intelligent car parking, health monitoring, logistics, and shopping assistance. In addition to indoor shopping assistance, location-based service also plays a crucial role in the reduction of building energy cost. The basic idea of Li-Fi technology is to utilize the visible light from an LED light bulb to transmit high-speed data to a photodetector, which is connected to a smartphone or tablet.

Wi-Fis frequency spectrum is around 2.4GHz or 5GHz, while Li-Fis frequency spectrum is located in the visible light band. Considering the widespread use of LED bulbs inside buildings and large bandwidth of visible light, Li-Fi technology is much cheaper and more environment-friendly than Wi-Fi. Li-Fi technique has great potential in many popular applications, such as location-based services, mobile connectivity, smart lighting, and hazardous environments.The increasing growth in the use of LED lamps in buildings for lighting provides enormous opportunities for Li-Fi based applications. As Li-Fi combines the functions of high-speed wireless data communication and indoor lighting infrastructure, it is very cost-effective to be widely utilized in smart buildings.

Inquire for Discount:

https://www.marketinsightsreports.com/reports/08071391241/li-fi-light-fidelity-market-analysis-of-growth-trends-and-forecast-2019-2024/discount?source=MW&Mode=70

The United States is Expected to Hold Major Share

The rapid advance of information technologies, such as wireless sensor network, internet of things, big data, and smartphones, have resulted in the development of smart buildings in the North American region. At the end of 2016, around 15 million households in the United States met the definition of smart home, which is expected to increase to more than 20 million households, thereby, offering several opportunities for Li-Fi in the country.

According to the US Green Building Council, building contributes a significant portion of energy consumption in the United States. It is reported that buildings account for 70% of electricity load and 39% of carbon oxide emissions. Given an occupants accurate indoor position, a building management system (BMS) is capable of offering highly-efficient heating, cooling, ventilation, and lighting service to the occupant.

Increasing applications of indoor location-based services embedded with light fixtures in retail shops and hotels in the North American region are also projected to be one of the factors driving the revenue growth in the region. Several companies, such as GE Lightings and ByteLight Inc. are deploying VLC installations in supermarkets, which, in turn, is aiding retailers to tie customers shopping history by tracking their location details.

Browse the Full report description and TOC at:

https://www.marketinsightsreports.com/reports/08071391241/li-fi-light-fidelity-market-analysis-of-growth-trends-and-forecast-2019-2024?source=MW&Mode=70

What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Key Market Features:The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools:Li-Fi (Light Fidelity) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Media Contact Us:

Irfan Tamboli (Head of Sales) Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com|irfan@marketinsightsreports.com

See the article here:
Li-Fi Market Research and Technology Advancements 2019 - The Market Publicist