Global Li-Fi Market, 2021 - Market is Estimated to be Worth US$ 80 Billion
DUBLIN, September 27, 2017 /PRNewswire/ --
The "Global Li-Fi Market - Analysis of Growth, Trends and Progress 2017 - 2022" report has been added to Research and Markets' offering.
The Global Li-Fi market is estimated to worth US$ 80 billion in 2021
This new disruptive innovation is expected to grab a high portion of Wi-Fi market especially in commercial use segment.
The growth and increase in lifetime of LED lightening has led to formation of new commercial prototypes in the lightening industry. In Li-Fi technology, visible light coming from LED bulbs acts as carrier for data and can reach any devices which is illuminated by it. The flickering of LED bulb creates signal for the receiver device and thereby transmitting data. This wireless optical networking technology has the potential to transmit data up to speed of 224 GB per second and is about 100 times faster than Wi-Fi. This market has got commercialized for its unidirectional communication applications.
One of the major benefit of Li-Fi technology using light wave instead of radio wave for transmitting data is enhancement of data safety and security. Data stealing will be difficult as LiFi does not transmit through walls. Infinite bandwidth of light and limited exposure to radiation is one of the reason for selecting Li-Fi over Wi-Fi. The device has uses both in developed and developing nations. In developing nations where the government is focussing on improving communication and internet penetration, Li-fi has the potential for transmitting uncongested and noise free signals which Wi-Fi fails to provide. Li-fi will help in universalisation of internet in developed nations through Street light LEDs. Government promotions for LED bulbs in developed countries will also help in expansion of LIFI. Lifi is much cost and environment friendly as compared to Wi-Fi. As internet connectivity is becoming basic necessity in this century and people are looking for hassle free fast internet, the spread of LiFi is expected to grow steady in the future.
Major opportunities in LIFI industry includes: smart LED lightening for commercial buildings and private homes, smart lightening of public spaces like stations and airports, traffic updates from traffic lights, Smart Store, Consumer Electronics and Game Consoles. The market for photo detector segment is also expected to witness a boom due to advent of this technology. The lack of penetration through walls and opaque objects can restrain this technology drastically.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, South America, GCC and the Rest of the World.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Key Findings of the Study
4. Market Overview
4.1 Introduction
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness- Porter's 5 Force Analysis
4.4 PESTEL Analysis
4.5 Industry Policies
5. Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Huge Demand for Specialized Internet Technologies
5.2.2 Low Energy Consumption
5.2.3 Faster and Safe Data Transfer
5.2.4 High Bandwidth
5.2.5 Huge applications
5.3 Restraints
5.3.1 Strong natural light rays in the region
5.3.2 Limited range
5.3.3 Can't substitute Wi-Fi completely
5.3.4 Scattered Internet penetration
5.3.5 Transmission can be easily disrupted
5.4 Opportunities
5.4.1 Smart Homes and Smart Cities
5.4.2 Office requires high speed internet
5.4.3 Railways and Airlines
6. Global Li-Fi Market
6.1 Overview
6.2 Technology Description and its applications
6.3 Segmentation By Geography/region
6.3.1 North America
6.3.2 Europe
6.3.3 South America
6.3.4 Asia - Pacific
6.3.5 Middle East and Africa
6.3.6 Rest of the World
6.4 Segmentation By Types
6.4.1 LED
6.4.2 Photodiodes
6.4.3 Microcontrollers
6.4.4 Others
7. Investment Analysis
8. Recent Developments and Trends
9. Future of Middle East and Africa Li-Fi Market
10. List of figures
11. List of Tables
For more information about this report visit https://www.researchandmarkets.com/research/krcj3x/global_lifi
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