Quantifying Growth: Unveiling Li-Fi Market with a Striking CAGR of 60% – MarkNtel Advisors and Forecast (2022-27)
Global Li-Fi Market Size, Share, Analysis, Trends Future & Forecast 2027
MarkNtel Advisors has recently released an all-encompassing report on Global Li-Fi Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2027: Revealing Li-Fi Market Insights and Analysis
The Global Li-Fi Market is projected to grow at a CAGR of around 60% during the forecast period, i.e., 2022-27.
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Key Driver: Overburdened RF Spectrum & Declining Prices of LEDs
With the rapidly rising number of users & devices, there’s a substantial risk of RF (Radio Frequency) spectrum crunch in the coming years, as its size is limited. The Li-Fi technology uses a visible light spectrum for high-speed data transmission, which is different from & 10000 times larger than the RF spectrum currently used in WiFi technology. As a result, the gradually diminishing RF spectrum is projected to tremendously boost the adoption of Li-Fi technology and drive the Global Li-Fi Market through 2027.
Moreover, governments of various countries worldwide are actively encouraging the use of more and more LEDs, owing to their low power usage, better illumination, & zero harmful emissions. In fact, some nations are also offering LED lighting solutions at subsidized rates, which, as a result, has notably reduced their prices in the previous few years. The same trend is expected in the coming years, which would drive more users toward adopting Li-Fi systems and fuel the overall market growth.
A Comprehensive Overview of Geographical Diversity:
the Global Li-Fi Market expands across:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Li-Fi Market Segmentation Outline:
- By Components
- LEDs
- Microcontrollers
- Photodetectors
- Others (Optical Sensors, etc.)
- By End-Users
- Aerospace & Defense
- Healthcare
- Education
- Retail
- Automotive
- Others (Transportation, Media & Entertainment, etc.)
Competitive Outlook
Acuity Brands, Inc., Fujitsu Ltd., Fsona Networks Corporation, General Electric, Global Li-Fi Tech, Inc, Integrated System Technologies Ltd, Lightbee S.L., LumEfficient Lighting Corporation, LVX System, Lucibel SA, Oledcomm SAS, Panasonic Corporation, PureLiFi Limited, Renesas Electronics Corporation.
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About MarkNtel Advisors
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We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfil their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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