The report presents a detailed analysis of the regional contribution to the growth of the global Li-Fi market over the projected period. It is systematically curated by our research team and includes various factors influencing regional market growth, such as economic status, revenue estimations, production capacity, and the leading manufacturers of each region. North America has emerged as the leading regional market, with nearly 45% of the overall market share. The rising incidence of CVDs and diabetes across the region is a key market growth driver. Increasing investments in Li-Fi technologies, including connected cardiology devices, video conferencing, and wearable technologies, are further expected to propel market growth in the region. The key geographies covered in this report are:
Overview
The Li-Fi report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the Li-Fi Technology market leaders to create premium positioning strategies as well as attract broadest share.
The Li-Fi market will witness a healthy growth from 2017 to 2024, a research report suggests. Growing at a CAGR of 70%, the market is projected to reach US$51 billion by 2023.
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Which segment will provide the most chance for Li-Fi growth Analysis till 2027?
The global Industry segmented into Li-Fi Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Li-Fi Market. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Li-Fi Market. Li-Fi Market are used in various industries such as oil and gas, mining, transportation, and power utilities.
Which Top Market Participants are Consider for the highest Li-Fi market share?
Oledcomm (France), Panasonic Corporation (Japan), Koninklijke Philips N.V. (the Netherlands), PureLiFi Limited (U.K), LightPointe Communications, Inc. (U.S.), LightBee Corporation (U.S.), Velmenni (Tartu), FSONA Networks (U.K), Acuity Brands, Inc. (U.S.), General Electric (U.S.)
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The market also benefits from the increasing research and development activities, resulting in the introduction of environment-friendly products that not only dissipate lower amount of heat but have enhanced mechanical properties. Another key trend gaining prevalence in the global market is the increasing focus on the electrification of vehicles, which is also giving rise to the production of light-weight vehicles and automotive brake friction products. The Li-Fi Market demand for in the developing regions can translate to tremendous business growth in the following period.
Li-Fi Market By Geography
Asia pacific
Europe
North America
The Middle East and Africa
Latin America
Market Segmentation
Li-Fi Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL Li-Fi MARKET, BY COMPONENT
1.2 GLOBAL Li-Fi MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL Li-Fi MARKET, BY DEPLOYMENT
1.4 GLOBAL Li-Fi MARKET, BY END-USERS
1.5 GLOBAL Li-Fi MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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