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Li-Fi Market Size – USD 213.5 Million in 2020, Market Growth – at a CAGR of 70.1%

VANCOUER, BC, CANADA, December 13, 2021 /EINPresswire.com/ -- The report offers insightful information about the market dynamics of the Li-Fi Market . It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Li-Fi Market , competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Li-Fi Market .

The global Li-Fi market is expected to reach a market size of USD 14,913.3 Million by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. Increasing demand for high-speed networks is a primary factor expected to drive growth of the global Li-Fi market during the forecast period. Growing demand for highly secure network systems in various industries is expected to further propel global market growth during the forecast period. Increasing demand for indoor networking in the retail industry globally is another factor expected to boost growth of the global Li-Fi market growth over the forecast period.

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Li-Fi Market in Europe accounted for second-largest market share in 2020, attributed to a growing number of SMEs using managed DNS services for their website. In addition, growth of retail, banking and financial services, and IT and telecommunications sectors in spurring market growth in the region.

Companies profiled in the global Li-Fi Market :

Oledcomm SAS, Panasonic Corporation, Signify Holding B.V., Velmenni OÜ, Renesas Electronics Corporation, PureLiFi Limited, Fsona Networks Corporation, Acuity Brands, Inc., Lucibel SA, and VLNComm Inc.

Browse complete Li-Fi Market report description and visit our website @ https://www.emergenresearch.com/industry-report/lifi-market

The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Li-Fi Market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

Key questions answered

What is the market value of the overall Li-Fi Market and its segments?
What is the market value and volume at the regional and the country level?
What are the key segments and sub-segments in the market?
Which is the largest sub-segment in each segment in the scope of the study?
What are the attractive segments and geographies to invest in?
What are the macroeconomic indicators impacting the country's dynamics?
Which are the major players present in each region and their key strategies?
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Key Highlights of Report

Increasing LED implementation in various industries is driving revenue growth of the LED segment currently, which is expected to register a significantly high CAGR of 70.4% over the forecast period.
In terms of revenue share, the indoor networking segment is expected to lead during the forecast period due to rising application of Li-Fi-based indoor networking systems in healthcare, retail, and education sectors.
Based on end-use, the retail segment is expected to account for the largest market share during the forecast period due to increasing implementation of Li-Fi technology in retail sector to enhance shopping experience.
Due to increasing need for energy-efficient devices, and growing demand for high-speed bandwidth in countries in North America, the market in the region is expected to account for the largest market share among other regional markets during the forecast period.

Segmentation Landscape:

The report further segments the Li-Fi Market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the projected period. The study focuses on the growth rate of every segment and is explained through detailed graphs, figures, charts, and tables. These segments are analysed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Risk-based Monitoring (RBM) Software industry in key regions.

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Emergen Research has segmented the global Li-Fi market on the basis of component, application, end-use, and region.

Component Outlook (Revenue, USD Million; 2021–2028)
Photo-Detector
LEDs
Microcontroller
Optical Sensing
Others

Application Outlook (Revenue, USD Million; 2021–2028)
Underwater Communication
Standalone Tracker
Indoor Networking
Smartphone
Advance Tracker
Location-Based Services
Others

Regional Landscape:

Geographical distribution of the includes analysis of the Li-Fi Market leading players present in the key regions of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report offers valuable insights into the market size, share, growth rate, production and consumption rate, supply and demand ratio, import/export, revenue contribution, and strategies adopted by the prominent companies located in each region. Overall, the report offers deep insights into the current and emerging trends of the Li-Fi Market , along with the projected growth rate over the forecast timeline.

Reasons to Buy:

To capture future market growth opportunities that can disrupt the market in future.

To improve your marketing strategies with added credibility

To gain a detailed view of market’s current scenario

To track strategies adopted by other market players and understand market’s profit and loss

Table of Contents:

Chapter 1 includes an introduction of the global Li-Fi Market , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.

Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.

Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.

In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.

Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application

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Eric Lee
Emergen Research
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