Global Li-Fi (Light Fidelity) Market (2016-2022)-6Wresearch

Global Light Fidelity (Li-Fi) Market (2016-2022)-6Wresearch

Asia-Pacific Region to Emerge as Key Contributor in Global Li-Fi (Light Fidelity) Market by 2022- 6Wresearch

Though Li-Fi is an emerging technology, which is yet to be commercialized globally, but is anticipated to record exponential growth over the coming years. At present, Li-Fi market is still in the nascent stage and is confined to limited applications. Many companies, R&D institutes and education institutes have invested in this space to make the technology a global success.

According to 6Wresearch, Global Li-Fi (Light Fidelity) Market is projected to grow at a CAGR of 115% during 2016-22. Need for faster data transfer, growing LED lighting market, rising number of connected devices, increasing internet penetration coupled with mounting issue of RF Bandwidth spectrum crunch are spurring the market for Li-Fi systems globally. Li-Fi technology transfers data 100 times faster than traditional Wi-Fi network. During 2011-15, Li-Fi market was commercialized only for the use in unidirectional data transfer, however over the next six years, bidirectional data transfer is likely to commercialize.

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, “in Li-Fi system, LED lights controls major cost of the overall system followed by photo detectors. This technology is also gaining acceptance as LEDs consumes less energy and have long working life.”

“In global Li-Fi application market, retail application has registered highest deployment, however during the forecast period street light application is expected to witness major growth in demand,” Samuel further added.

According to Shefali Goel, Research Analyst, Research and Consulting, 6Wresearch, “Amongst all regions, European Li-Fi market contributes a major share in the market revenues. In Europe, major deployment can be witnessed in the areas of retail, museums, street light and transportation. Recently, Europe based Oledcomm bagged a contract to deploy Li-Fi system at 66 stations of Paris metro. Similar developments are expected in other regions such as North America, South America, Middle-East and Asia-Pacific in the coming future. Asia-Pacific region is exhibited to grow exponentially over the next six years owing to increasing spending on research and development projects pertaining to Li-Fi systems and expected user acceptance. ”

“Although Li-Fi technology achieves significant data transfer rate but limited coverage is acting as a major constraint for its mass adoption at global level. With increasing research & development activities to transfer data through reflected lights, the underlying challenge can be overcome in the coming years,” Shefali concluded.

The major companies in the Global Li-Fi market include- Acuity Brand Lighting, Inc, General Electric Company, Koninklijke Philips N.V, Lightbee Corp, LVX System Corp, PureLi-Fi Ltd and Oledcomm.

Global Li-Fi Market (2016-2022)” provides in-depth analysis with 44 figures and 5 tables covered in 80 pages. The report estimates and forecast overall Global Li-Fi market by revenue, by components, by region and by applications such as retail, museum, campus and street lights. The report also offers insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.

Global Light Fidelity (Li-Fi) Market (2016-2022) image

Source : http://www.6wresearch.com/press-releases/global-li-if-light-fidelity-market-2016-2022-industry-analysis-news-forecasts-share-trend-playes-size-growth-opportunity.html

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305

Advertisements

Author: 6wresearch- Market Intelligence Solutions

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s