#North America Li-Fi Market Analysis

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Locking Down Growth: An Analysis of the High Security Electronic Locks Market

In an increasingly interconnected and security-conscious world, the demand for robust and intelligent access control solutions is surging. At the forefront of this trend lies the High Security Electronic Locks Market, a dynamic sector poised for significant growth. This blog delves into the key factors propelling this market, its segmentation, emerging trends, and the compelling growth opportunities it presents for stakeholders.

Key Factors Driving Market Expansion:

Several powerful forces are fueling the expansion of the high security electronic locks market:

Escalating Security Concerns: Rising instances of theft, unauthorized access, and data breaches across residential, commercial, and industrial sectors are creating a strong need for advanced security measures. Electronic locks, with their sophisticated features, offer a significant upgrade over traditional mechanical systems.

Technological Advancements: Continuous innovation in areas like biometrics, RFID, NFC, Bluetooth, and cybersecurity is enabling the development of more secure, convenient, and feature-rich electronic locks.

Market Segmentation: A Detailed Look:

The High Security Electronic Locks Market can be segmented in several meaningful ways:

By Product Type:

Biometric Locks: Utilizing fingerprint, iris, or facial recognition for access.

RFID/NFC Locks: Employing radio-frequency identification or near-field communication for keyless entry via cards, fobs, or smartphones.

Keypad Locks: Requiring the input of a numerical code for access.

Smart Locks (Bluetooth/Wi-Fi Enabled): Offering remote control, monitoring, and integration with smart home systems.

By Region:

North America

Europe

Asia Pacific (including India, with its rapidly growing urban centers and increasing security awareness)

Latin America

Middle East & Africa

Spotting Emerging Trends:

The High Security Electronic Locks Market is characterized by rapid innovation:

Technological Advancements:

Integration of Artificial Intelligence (AI): AI-powered features like facial recognition with liveness detection and anomaly detection for enhanced security.

Enhanced Cybersecurity Measures:��Robust encryption and secure communication protocols to prevent hacking and unauthorized access.

Regulatory Changes:

Data Protection Regulations: Laws like GDPR and CCPA influence how data collected by smart locks is handled.

Building Codes and Security Standards: Regulations related to security in residential and commercial buildings can mandate the use of certain types of electronic locks.

Growth Opportunities: Unlocking Future Potential:

The High Security Electronic Locks Market presents significant growth opportunities:

Increasing Penetration in Residential Sector: As smart home adoption rises, the demand for sophisticated electronic locks for homes will continue to grow.

Growing Demand in Commercial and Industrial Sectors: Businesses and industries are increasingly recognizing the benefits of high security electronic locks for asset protection and operational efficiency.

Market Statistics and Projections:

While specific real-time data for April 2031 is proprietary, industry analysts have consistently projected strong growth for the high security electronic locks market. Pre-pandemic estimates and post-pandemic recovery trends suggest a global market value in the CAGR of 10.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.expected over the next five to seven years. Factors like the increasing adoption of smart homes and heightened security concerns are likely to keep this growth trajectory strong.

Conclusion:

The High Security Electronic Locks Market is a vibrant and expanding sector driven by fundamental needs for safety, security, and convenience. Fueled by technological innovation, evolving consumer preferences, and a dynamic regulatory landscape, the market presents compelling opportunities for manufacturers, integrators, and service providers. As the world becomes increasingly interconnected, the demand for sophisticated and reliable electronic locking solutions will only continue to rise, making this a market to watch closely and invest in strategically.

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Li-Fi Market — Forecast(2024–2030)

Li-Fi Market Overview

The Global market for Li-Fi Market Size is forecast to reach $ 35310 Million by 2030, at a CAGR of 40.30% during forecast period 2024–2030. The market growth is attributed to the factors such as growing demand for indoor wireless communication technology in the commercial sector, increasing implementation of Li-Fi, Light as a service (LaaS) and other Optical Sensing based technology in healthcare & education sectors and others.

Moreover, rise in penetration of smart devices, construction of smart cities and commercial establishments boosts the market growth. Analysing the widespread use of LED bulbs inside buildings and the large visible light bandwidth, Li-Fi technology is much cheaper and more environmentally friendly than Wi-Fi. In many popular applications, Li-Fi technology has great potential, such as location-based services, mobile connectivity, smart lighting and hazardous environments.

Report Coverage

The report: “Li-Fi market — Forecast (2024–2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Li-Fi market.

By Component type: LEDs, Optical Sensing, Photo-detectors, Microcontrollers, others

By Application: Indoor networking, Location-Based Services, Underwater communication, Smartphone, Standalone Tracker, Advance Tracker, Others

By End Users: Aerospace & Defence, Healthcare, Education, Transportation, Automotive, Consumer Electronics, Retail, Government, Others

By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa)

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Key Takeaways

As digitalisation multiplies the number of connected devices, the bandwidth of radio frequencies is facing a bottleneck due to its small capacity, which impacts the quality of service. Li-Fi technology, on the other hand, uses a visible light continuum for data processing that is free of any scale constraints. The impending RF crunch is therefore an important driver for the Li-Fi market

North America region dominated the global Li-Fi market in 2020 owing to the presence of advanced technologies, large number of manufacturers and the increasing domestic and commercial demands for Li-Fi.

Li-Fi Market Segment Analysis — By Component type

Li-Fi market is segmented into LEDs, Optical Sensing, Photo-detectors, Microcontrollers and others on the basis of component. The market of LEDs is anticipated to hold the highest market share of 48.2% in 2020 and is projected to witness fast growth. This growth can be attributed to increased LED and Light as a Service deployment at commercial establishments and industries. The ability of an LED to modulate swiftly on and off is key to Li-Fi working. These modulation and demodulation schemes transition data from one location to another.

Li-Fi operates by taking and inserting data content into an SSL driver by streaming it. This SSL driver can run a string of high speed LED lamps, turning them on and off. As the LED lamps turn on and off and strobe faster than the eye can see, it illuminates the context area. Their demand in Li-Fi systems is proliferating with several advantages of LEDs such as durability, low power consumption, and high energy output. These advantages contribute to the broad adoption of LEDs in the form of arrays for Li-Fi system infrastructure, supporting the growth of the market.

Li-Fi Market Segment Analysis — By Application type

Indoor networking type segment held the highest market share of Li-Fi in 2020. Moreover, it is anticipated to witness the significant market growth of 25.1% CAGR during the forecast period 2024–2030. Smart buildings are presently acclimatizing to accommodate their residents, in order to enhance dweller cosiness and customer experience. They do this by identifying the coordinates of each user and then providing on-site services such as smart car parking, condition monitoring, logistics and shopping support services through Light as a Service wireless communication technology. The basic idea of Li-Fi technology is to use the visible light of an LED light bulb to transmit high-speed data to a smartphone or tablet-connected photo detector and optical sensing.

Li-Fi Market Segment Analysis — By Geography

North America is anticipated to witness significant market growth of 26.7% during the forecast period 2024–2030. Market growth is attributed to factors such as technological advances, increased demand for energy-efficient appliances and increased demand for high-speed wireless connectivity technology in the area. The region also has a well-established infrastructure which allows easy implementation of advanced technologies and provides better connectivity.

North America, which has prominently taken the lead on various technological developments such as smart homes, smart cities, Internet of Things (IoT), big data and consumer electronics; has emerged as the nucleus for Li-Fi market demand. With majority of the global smart homes, intelligent transport systems and green buildings developing in the U.S., there is upliftment in the market growth of Li-Fi. In the lighting industry, the growth and increase in lifetime of LED lightening has led to the development of new commercial schematics.

Light source coming from LED bulbs provides a pathway for data in Li-Fi technology, Light as a Service and can meet any devices that it illuminates. The strobing of the LED bulb generates a signal for the receiver device, thereby transferring information. This wireless optical networking technique offers great ability to transmit data at a rate of 224 GB per second and is approximately 100 times faster than Wi-Fi.

In January 2019, VLNComm formed the industry’s fastest, most affordable, and most innovative Li-Fi LED lighting panel. The LumiNex panel, introduced and successfully demonstrated to over 500 people at CES 2018 in Las Vegas, is capable of downloading speeds of 108Mbps and upload speeds when combined with the LumiStick 2, 53Mbps. Such product launches boosts the market growth in this region.

Li-Fi Market Drivers

Inexpensive LEDs Ballooning Implementation

LED plays a vital role in the overall growth of the Li-Fi industry as a basic component of Li-Fi networks. Globally, LED is promoted due to features such as low power consumption, a lack of harmful emissions and increased lighting. Moving for the aim of ‘low carbon economy’ and ‘smart cities,’ policymakers around multiple nations are offering discounted prices for LED bulbs in order to raise application rate. Such developments increase the range of potential Li-Fi Systems users.

Adoption over Wi-Fi

Apart from potentially faster speed Li-Fi has multiple other benefits over Wi-Fi. Li-Fi offers a more secure network as light cannot pass through walls; this also minimizes the interference between devices. Li-Fi is also useful in electromagnetic sensitive areas such as in aircraft cabins, hospitals and nuclear power plants without producing electromagnetic interference. Li-Fi technology uses visible light spectrum and can thus communicate data and unravel capacity which is 10,000 times greater than that accessible within the radio spectrum. The present visible light spectrum is abundant, free and unlicensed; this will help in mitigating the radio frequency spectrum crunch effect. This will drive the Li-Fi market over the forecast period

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Li-Fi Market Challenges

Transfer within Room

Li-Fi is unable to relay the path through walls. Wi-Fi is, this drawback of Li-Fi can also be used as a protective mechanism where communication only takes place within a certain space and gadgets that are not present within the room cannot reach it.

Li-Fi Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Li-Fi market. As of 2019, the market for Li-Fi market is consolidated with the top players General Electric (U.S.), Koninklijke Philips N.V. (the Netherlands), Oledcomm (France), PureLiFi Limited (U.K), Panasonic Corporation (Japan), Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc. (U.S.), Velmenni (Tartu), LightBee Corporation (U.S.), FSONA Networks (U.K) and among others.

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Acquisitions/Technology Launches/Partnerships

In June 2019, Signify, the world leader in lighting, launched a new range of LiFi systems that includes the world’s fastest and most reliable LiFi systems commercially available. The range, branded Trulifi, leverages existing and future professional luminaires. Instead of using radio signals (such as WiFi, 4G/5G, Bluetooth, etc.).

In January 2019, Oledcomm announced LiFiMAX, a low-profile ceiling lamp. LiFiMax is an optical wireless communication system that offers an internet connection over light waves to up to 16 users simultaneously at a peak speed of 100Mbps.

Key Market Players:

The Top 5 companies in the Li-Fi Market are:

pureLiFi

Oledcomm

Signify (Philips Lighting)

Wipro Lighting

Panasonic Corporation

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Light Fidelity (Li-Fi)/Visible Light Communication Market to Transform Smart Cities and Homes

Light Fidelity (Li-Fi) is a very high speed, two-way wireless communication method which uses visible light from LEDs as the medium for transmitting the data by turning them on and off at very high frequency which human eyes cannot sense. This technology is an apt replacement for currently prevailing Wi-Fi technology as Li-Fi is considerably faster, has almost 10,000 times broader bandwidth because it uses visible light, and it is safe to operate in electromagnetic sensitive areas.

Light Fidelity (Li-Fi)/Visible Light Communication Market report, published by Allied Market Research, forecasts that the global market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period 2016 - 2022. In 2015, North America contributed major share in the market and will continue to lead throughout the forecast period.

Li-Fi incorporates three major components, which are LED, photodetector, and microcontroller. Among the three components, in the year 2015, LED dominated the market by contributing over 40% share of the overall component segment revenue. Also, this segment is anticipated to grow with the highest CAGR 118.1% during the forecast period owing to its low cost, increased adoption in different applications such as households, offices, vehicles, airplanes and retail stores among others. Furthermore, LEDs are preferred over all other lighting systems as they can easily be turned off and on with the use of a microcontroller.

Under the industry vertical segment, retail industry contributed over 30% of the overall Li-Fi market, in 2015. Li-Fi enables the storekeepers to monitor the positioning of customers by tracing their location to improve shopping experience and provide notifications on their cellphones. However, healthcare sector would be the fastest growing industry and is expected to register highest CAGR 125.3% during the forecast period. This is because Li-Fi does not cause any electromagnetic interference and can safely be used with other medical apparatus such as CT scanner, MRI machine, X-ray machine, and ultrasound machine among others.

North America dominated the market in 2015 by accounting for around 40% of the total market revenue and it is expected to maintain its dominance throughout the forecast period. This is accredited to the presence of various research and development facilities in the region and investment for implementation of this technology by the major companies in the region.

Asia-Pacific is anticipated to be the fastest growing region among others with CAGR of 121.7% during the forecast period. This is attributed due to the large electronic market in China and Japan as well as presence of several developing regions where governments promote the use of LED lights. In Asia-Pacific, China holds about 50% of the market at present and is expected to maintain its leading position throughout the forecast period.

Light Fidelity (Li-Fi)/Visible Light Communication MarketKey findings:

In 2015, LED component led the overall Li-Fi market revenue, and is projected to grow at a CAGR of 118.1% during the forecast period.

Retail industry vertical segment is projected to grow at a CAGR of 112.8% during the analysis period.

Asia-Pacific is anticipated to be the fastest growing region growing at a CAGR of 121.7% during the forecast period.

The key players in the Li-Fi market are focused on intensive research and development such as undergoing researches in Edinburgh University and the research facility of pureLiFi in United Kingdom, to improve their product quality and partnerships to reach untapped regions. Key players in the market have adopted product launch as their key strategy to grow in the market. For instance, launch of enhanced lighting named Atlanta for precise indoor positioning by acquity brands and the Li-Fi enabled router, LiFi-x by pureLiFi The key players profiled in the report include General Electric, Oledcomm S.A.S, Renesas Electronics Corporation, pureLiFi, LVX SYSTEM, Acuity Brands Lighting, Inc., Qualcomm technologies Inc., IBSENtelecom Ltd., Koninklijke Philips N.V., and Panasonic Corporation.

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Light Emitting Diode (LED) Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The light emitting diode (led) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Light Emitting Diode (LED) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The light emitting diode (led) market size has grown strongly in recent years. It will grow from $78.35 billion in 2023 to $85.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to energy efficiency awareness, environmental regulations, cost reduction, urban and street lighting projects.

The light emitting diode (led) market size is expected to see strong growth in the next few years. It will grow to $114.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to smart lighting and iot, sustainability and green buildingg, health and well-being, electric vehicle (ev) adoption, customized and high-cri lighting:. Major trends in the forecast period include human-centric lighting, miniaturization, architectural and decorative lighting, horticultural lighting, li-fi technology.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increased government focus on saving energy contributed to the growth of the light emitting diode (LED) market. LED lamps are more efficient in terms of energy consumption and provides high luminous intensity. LED consumes less power when compared to incandescent bulbs that reduces the load on electric power plants, which in turn reduces the amount of fuel being burnt to generate electricity. For instance, in April 2023, the U.S. Department of Energy (DOE), launched energy savings hub. This hub provides clean energy tax credits and upcoming rebates right at the fingertips of Americans, assisting them in taking control of their energy costs and giving them access to cleaner, more efficient consumer options whether they want to buy an electric vehicle, replace an appliance, or improve the safety and comfort of their home. Thus, the increased focus of government on saving energy positively drives the growth of LED market .

The light emitting diode (led) market covered in this report is segmented –

1) By Product Type: LED Lamps, LED fixtures 2) By Technology: Basic LED, High Brightness LED, OLED, Polymer, Ultra violet LED 3) By End-user: Residential, Commercial, Industrial

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Regional Insights - Asia-Pacific was the largest region in the light emitting diode market in 2023. North America was the second-largest region in the light emitting diode market. The regions covered in the light emitting diode (led) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies - Major companies operating in the light emitting diode (led) market include OSRAM Licht AG, Cree Inc., Philips Lighting Holding (Signify), Lumileds Holding B.V., Cooper Industries, Virtual Extension, Dialight plc, Zumtobel Group AG, Samsung Group, Sharp Corporation, LG Innotek, General Electric Company (GE), Everylight Electronics Co. Ltd., Nichia Corporation, Broadcom Inc., Toyota Motor Corporation, Mercedes-Benz, Plessey Semiconductors Ltd., Seoul Semiconductor Co. Ltd., Moritex Corporation, STMicroelectronics, Texas Instruments Incorporated, ROHM Semiconductors, Koninklijke Philips N.V., Epistar Corporation, Sanan Optoelectronics Co. Ltd., MLS Co. Ltd., Toyoda Gosei Co. Ltd., Stanley Electric Co. Ltd., Citizen Electronics Co. Ltd., Vishay Intertechnology Inc., Lumens Co. Ltd., Formosa Epitaxy Inc., Genesis Photonics Inc., Edison Opto Corporation, Lextar Electronics Corporation, Opto Tech Corporation, Lite-On Technology Corporation, Bright LED Electronics Corporation, Kingbright Electronic Co. Ltd., Litecontrol Corporation, LEDVANCE GmbH, GE Lighting

Table of Contents 1. Executive Summary 2. Light Emitting Diode (LED) Market Report Structure 3. Light Emitting Diode (LED) Market Trends And Strategies 4. Light Emitting Diode (LED) Market – Macro Economic Scenario 5. Light Emitting Diode (LED) Market Size And Growth ….. 27. Light Emitting Diode (LED) Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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Location-based Services Market Analysis, Trends, Share, Development Policies, and Future Growth 2031

The Insight Partners offers investors a comprehensive study of the Location-based Services market from the perspective of entrepreneurs in their most recent research report, " Location-based Services Market Share, Size and Trends Analysis | 2031" Examining current market conditions yields insightful information for businesses.

This report provides insights into market possibilities, obstacles, and incentives that companies shouldn't pass up. It would be a company recipe for success to choose a Location-based Services market research since consumer-centric firms often provide higher returns on investment. Making a small batch of items won't be enough, given the intense competition in the Location-based Services market. Businesses may estimate a product's potential and success with the use of market research.

The study is perhaps a perfect mix of qualitative and quantitative information highlighting key market developments, challenges, and competition the industry faces alongside gap analysis and new opportunities available and trends within the market. The Location-based Services market report offers market size, recent trends, growth, share, development status, government policy, market dynamics, cost structure, and competitive landscape. The research report also includes the present market and its growth potential in the given period of forecast.

At the heart of our success lies a commitment to rigorous and reliable methodologies. The firm employs a combination of quantitative and qualitative approaches, ensuring a holistic understanding of Location-based Services market analysis dynamics. This includes:

Primary Research: In-depth interviews and surveys with key industry stakeholders provide firsthand insights into Location-based Services market trends and challenges.

Data Analytics: Advanced data analytics tools and techniques are utilized to process large datasets, uncovering patterns and correlations that might otherwise go unnoticed in calculating the Location-based Services market size.

Expert Analysis: A team of seasoned analysts with diverse industry expertise meticulously analyzes data to draw actionable conclusions and provide strategic recommendations about the Location-based Services market forecast.

Key companies in the Location-based Services market are- AT and T Inc., Cisco Systems, Inc., Google LLC, HERE Global B.V., Hewlett Packard Enterprise Development LP, IBM Corporation, Intel Corporation, Quuppa Oy, Telefonaktiebolaget LM Ericsson, Trimble Inc., and othersOn the Basis of Component this market is categorized further into-

Hardware

Software

Services

On the Basis of Location Type this market is categorized further into-

Outdoor

Indoor

On the Basis of Technology this market is categorized further into-

Assisted GPS (A-GPS)

GPS

Enhanced GPS (E-GPS)

Enhanced Observed Time Difference (E-OTD)

Observed Time Difference (OTD)

Cell ID

Wi-Fi

On the Basis of Application this market is categorized further into-

Advertising

Business Intelligence and Analytics

Disaster Management

Emergency Support

Social Networking and Entertainment

Mapping and Navigation

Others

On the Basis of End User this market is categorized further into-

Manufacturing and Retail

Media and Entertainment

Government and Public Utilities

Transportation and Logistics

Healthcare

Others

Key regions Location-based Services Market Research Report:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World

This report is an essential resource for businesses seeking to stay ahead of the competition in the Location-based Services market. With its comprehensive analysis of recent developments and emerging trends, it provides valuable insights into the market that can be used to develop effective growth strategies and improve market positioning. The report aims to provide readers with a comprehensive overview of the market analyses. Its objective is to aid readers in devising business growth strategies, assessing the competitive landscape, evaluating their position in the current Location-based Services market, and making well-informed business decisions. The report presents several market projections for crucial variables such as market size, manufacturing, revenue, consumption, CAGR, gross margin, and price.

How can this research help you in getting business strategically correct?

Exact valuation and key facts about the market | 2031

Value proposition analysis that helps businesses revise their offerings timely

Marketing and segmentation strategies for new entrants in the market

Competitive Location-based Services market growth strategies for market participants

Latest trends and technologies in the market

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North America Li-Fi Market Size to Expand at Over 55% CAGR through 2030

By 2030, the North America Li-Fi market size is expected to surpass $2.5 billion. The high CAGR of the market can be attributed to the rising frequency of cybercrimes, which has been responsible for the need for secure wireless networks across the commercial sector. Safe data transmission systems are an indispensable necessity for data sensitive domains such as banking and finance. As Li-Fi cannot penetrate opaque surfaces, it ensures superior security from hackers, ensuring safe access to the internet.

With the rising number of cybersecurity challenges faced while using Wi-Fi over radio frequencies, the demand for high-speed, reliable, and safe Li-Fi networks has been witnessing a remarkable uptick in demand. One of the major industry trends that has been vitalizing the North America Li-Fi market outlook is the increasing demand for Li-Wi for location-based applications such as retail and commercial sectors.

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Growing at a whopping 55% CAGR through the forecast period, the industry is certain to gain a substantial revenue share in the forthcoming years, driven by the rising demand for connected devices in business organizations and offices. Li-Fi can offer enhanced user experience by improving the browsing speed, and thereby boosting the overall productivity of the organization.

Intrinsically safe environments have been exhibiting an escalating demand for Li-Fi technology over the past few months. This is because environmental concerns including health & safety and environmental damage has been intensifying, hampering the usage of Wi-Fi technology across such environments. The switch from Wi-Fi to Li-Fi technology has been fueling the North America Li-Fi market size.

Li-fi technology can also leverage light spectrum instead of radio waves for transferring data, ensuring their suitability for intrinsically safe environments. As a result, Li-Fi can be efficiently utilized in settings where communication via radio waves can be dangerous or where RF signals cannot penetrate. For instance, underground mines can deploy this technology for reinforced security of the laborers.

The growing need for in-flight connectivity has been paving the way for immense growth of the aviation & aerospace segment in the North America Li-Fi market. Li-Fi communication technology holds considerable potential for transforming in-flight entertainment as well as revolutionizing cabin & fuselage design. This is because Li-Fi communication does not interfere with the wireless networks that pilots use for ground communication and navigation purposes.

In terms of component, microcontrollers are expected to dominate the overall North America Li-Fi industry share by 2030. The trending focus toward miniaturization of electronic components including microcontrollers has been responsible for the robust expansion of the segment.

Smaller microcontroller chips as well as integrated circuits are being extensively used in Li-Fi enabled devices. Additionally, the fortified presence of electronic component manufacturers and suppliers in the region, alongside the decreasing costs of these components has been facilitating the expansion of the North America Li-Fi market share.

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General Electric, SLD Laser, Integrated System Technologies, Fujitsu Corporation, PureLiFi, Lightbee S.L., Lucibel, Signify, Velmenni, NAV Technologies, and Renesas Electronics Corporation are some leading in North America Li-Fi market. Numerous leading players have been laying emphasis on securing strategic partnerships and collaborations with other market players for boosting their competency.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Market Snapshot

2.1    North America Li-Fi market snapshot

Chapter 3   North America Li-Fi Trends

3.1    Industry coverage

3.2    Industry size, 2016 – 2026

3.3    Impact of COVID-19 pandemic

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Competitive benchmarking, 2019

3.9.1    Strategy dashboard

3.10    PEST analysis

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Wireless Data Communication Market Developments, Future Plans and Comprehensive Research Study | Analysis by Global Industry Revenue and Share Forecasts

The global wireless data communication market has expanded at an impressive rate over the years. The market will capture a healthy CAGR and the size of the market will grow manifolds over the forecast period of 2016-2027, reveals a research report by Market Research Future (MRFR). The growth of the market can primarily be attributed to the growth in end-user community. A steep rise has been observed in the usage of computers for business as well as personal use which is driving the market for wireless communications. Another major factor which has been responsible for shaping up the growth of the market is increased use of social media which has led to higher adoption of wireless communication options and offers potential growth opportunities. Widespread use of smartphones also influences market growth. Unprecedented adoption of wireless technology in emerging countries over the past decade has been a major driver of the market. Advances in the wireless technology such as WAP (wireless application protocol), 5G, RFID, Wi-Fi-Direct, Li-Fi, LTE, and 6LoWPAN and high internet penetration rate of Internet-enabled personal computers in homes are other driving factors. Development of WiMax, which is an emerging broadband wireless technology offers lucrative opportunities for market expansion. The technology enables broadband connectivity in a wider geographical area as compared to Wi-Fi and also provides greater mobility, range, and higher speed data applications. The restraining forces to the market include high cost of equipment or set up. The infrastructure required to deliver wireless services requires massive and continual investment which might restrict the growth of the market.

Segmentation

The global wireless data communications market has been segmented based on communication type, component, services, and standards. By communication type, the market has been segmented into satellite, Wi-Fi, Bluetooth technology, infrared communication, microwave communication, and mobile communication among others. By component, the market has been segmented into routers, adapters, repeaters, wireless device among others. By services, the market has been segmented into asset tracking, remote monitoring and control, insurance, messaging and voice communication among others. By standards, the market has been segmented into personal area network (PAN), local area network (LAN), metropolitan area network (MAN), and wide area network (WAN) among others.

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Regional Analysis

The key markets of the global wireless data communication market include the Americas, Europe, Asia-Pacific and the Middle East & Africa. North America accounts for the market owing to developed networking infrastructure. The Europe market for wireless data communication is strong. Asia-Pacific market is projected to exhibit high growth due to high internet penetration in emerging economies of the region.

Competitive Landscape

The wireless data communications market is highly competitive. The market participants are at continuous pressure to pressure to deliver innovative services and capabilities and to meet the requirements of the emerging market; the key players are incorporating various strategies such as innovation, product launches, mergers, and partnership to sustain their position in the market. The key players operating in the market include AT&T Inc. (U.S.), Apple (U.S.), D-Link (Taiwan), Google (U.S.), Intel(U.S.), Verizon Wireless (U.S.), Cisco (U.S.), Dell(U.S.), Huawei Technologies (China), and Qualcomm (U.S.) among others.

Industry Trends/Updates

FirstNet, a broadband network will which will prioritize police officers, paramedics, and firefighters in case of an emergency. The responders will be to access FirstNet throughout the US, and in the case of network congestion, the network will automatically knock non-public servants off the network and allow communication during a crisis.

In June 2018, NuRAN Wireless announced a partnership with London-based satellite operator. They aim to cater to the rural communities and USD 1.2 billion in a network that would incorporate satellites, gateway earth stations, data centers and an international fiber ring.

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[techninja]

Expanding Horizons: Exploring the IoT Infrastructure Market

Introduction:

The Internet of Things (IoT) has revolutionized the way we interact with technology, connecting everyday devices to the internet and enabling them to communicate and share data. Behind this interconnected web lies a robust infrastructure that supports the vast network of IoT devices. The IoT infrastructure market has witnessed remarkable growth in recent years, driven by the increasing adoption of IoT solutions across industries. In this article, we delve into the key aspects of the IoT infrastructure market, its current state, and future prospects.

Understanding IoT Infrastructure:

IoT infrastructure encompasses a wide range of components, including sensors, connectivity technologies, data storage and processing systems, cloud platforms, and network security. These components work together to enable seamless communication, data transfer, and analysis between connected devices. The infrastructure serves as the backbone of the IoT ecosystem, facilitating real-time monitoring, automation, and intelligent decision-making.

Market Dynamics:

The IoT infrastructure market has experienced significant growth due to several factors. Firstly, the proliferation of IoT devices across industries, such as healthcare, manufacturing, agriculture, transportation, and smart cities, has driven the demand for a robust infrastructure to support the increasing volume of data generated by these devices.

Secondly, advancements in communication technologies, such as 5G networks, have played a vital role in accelerating the adoption of IoT solutions. 5G offers faster and more reliable connectivity, lower latency, and increased network capacity, enabling seamless connectivity for a vast number of IoT devices.

Furthermore, the rising need for real-time data analytics and insights has fueled the demand for scalable and efficient IoT infrastructure. Cloud platforms and edge computing technologies have emerged as crucial components, allowing organizations to process and analyze IoT data closer to the source, minimizing latency and enhancing overall system performance.

Market Segmentation:

The IoT infrastructure market can be segmented based on components, connectivity technologies, end-users, and regions. In terms of components, the market includes sensors, gateways, networking devices, cloud platforms, and security solutions. Connectivity technologies encompass cellular, satellite, Wi-Fi, Bluetooth, and others. Major end-users of IoT infrastructure include healthcare, manufacturing, energy and utilities, transportation, retail, and smart cities.

Regional Outlook:

The market for IoT infrastructure is witnessing robust growth across the globe. North America, with its technologically advanced ecosystem and early IoT adoption, holds a significant market share. Europe is also a key player in the market, driven by initiatives promoting smart cities and Industry 4.0. The Asia-Pacific region is expected to witness substantial growth due to increasing industrialization, urbanization, and government investments in IoT infrastructure.

Future Prospects:

The future of the IoT infrastructure market appears promising. As the number of connected devices continues to rise, the demand for scalable and secure infrastructure will persist. The integration of AI and machine learning technologies with IoT infrastructure will further enhance the capabilities of IoT systems, enabling predictive analytics, autonomous decision-making, and personalized user experiences.

Moreover, the emergence of edge computing and distributed IoT architectures will reduce the dependency on centralized cloud platforms, offering improved latency, cost-efficiency, and reliability. The ongoing deployment of 5G networks will revolutionize IoT connectivity, supporting massive device deployments and unlocking new use cases in areas such as autonomous vehicles, remote healthcare, and smart grids.

Conclusion:

The IoT infrastructure market is poised for substantial growth as organizations recognize the transformative potential of IoT solutions. With advancements in connectivity technologies, cloud computing, and edge computing, the infrastructure will continue to evolve, empowering industries and individuals to leverage the power of the connected world. As we step into an era of digital transformation, the IoT infrastructure market will play a pivotal role in shaping the future of technology and driving innovation across various sectors.

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Locking Down Growth: An Analysis of the High Security Electronic Locks Market

an increasingly interconnected and security-conscious world, the demand for robust and intelligent access control solutions is surging. At the forefront of this trend lies the High Security Electronic Locks Market, a dynamic sector poised for significant growth. This blog delves into the key factors propelling this market, its segmentation, emerging trends, and the compelling growth opportunities it presents for stakeholders.

Key Factors Driving Market Expansion:

Several powerful forces are fueling the expansion of the high security electronic locks market:

Escalating Security Concerns: Rising instances of theft, unauthorized access, and data breaches across residential, commercial, and industrial sectors are creating a strong need for advanced security measures. Electronic locks, with their sophisticated features, offer a significant upgrade over traditional mechanical systems.

Technological Advancements: Continuous innovation in areas like biometrics, RFID, NFC, Bluetooth, and cybersecurity is enabling the development of more secure, convenient, and feature-rich electronic locks.

Market Segmentation: A Detailed Look:

The High Security Electronic Locks Market can be segmented in several meaningful ways:

By Product Type:

Biometric Locks: Utilizing fingerprint, iris, or facial recognition for access.

RFID/NFC Locks: Employing radio-frequency identification or near-field communication for keyless entry via cards, fobs, or smartphones.

Keypad Locks: Requiring the input of a numerical code for access.

Smart Locks (Bluetooth/Wi-Fi Enabled): Offering remote control, monitoring, and integration with smart home systems.

By Region:

North America

Europe

Asia Pacific (including India, with its rapidly growing urban centers and increasing security awareness)

Latin America

Middle East & Africa

Spotting Emerging Trends:

The High Security Electronic Locks Market is characterized by rapid innovation:

Technological Advancements:

Integration of Artificial Intelligence (AI): AI-powered features like facial recognition with liveness detection and anomaly detection for enhanced security.

Enhanced Cybersecurity Measures: Robust encryption and secure communication protocols to prevent hacking and unauthorized access.

Regulatory Changes:

Data Protection Regulations: Laws like GDPR and CCPA influence how data collected by smart locks is handled.

Building Codes and Security Standards: Regulations related to security in residential and commercial buildings can mandate the use of certain types of electronic locks.

Growth Opportunities: Unlocking Future Potential:

The High Security Electronic Locks Market presents significant growth opportunities:

Increasing Penetration in Residential Sector: As smart home adoption rises, the demand for sophisticated electronic locks for homes will continue to grow.

Growing Demand in Commercial and Industrial Sectors: Businesses and industries are increasingly recognizing the benefits of high security electronic locks for asset protection and operational efficiency.

Market Statistics and Projections:

While specific real-time data for April 2031 is proprietary, industry analysts have consistently projected strong growth for the high security electronic locks market. Pre-pandemic estimates and post-pandemic recovery trends suggest a global market value in the CAGR of 10.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.expected over the next five to seven years. Factors like the increasing adoption of smart homes and heightened security concerns are likely to keep this growth trajectory strong.

Conclusion:

The High Security Electronic Locks Market is a vibrant and expanding sector driven by fundamental needs for safety, security, and convenience. Fueled by technological innovation, evolving consumer preferences, and a dynamic regulatory landscape, the market presents compelling opportunities for manufacturers, integrators, and service providers. As the world becomes increasingly interconnected, the demand for sophisticated and reliable electronic locking solutions will only continue to rise, making this a market to watch closely and invest in strategically.

[emaanderson]

Li-Fi (Light Fidelity) Market Growth, Trends and Global Segments Analysis Report Till 2030

Research Nester published a report titled “Li-Fi (Light Fidelity) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the globally-Fi (light fidelity) market in terms of market segmentation by component, application, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global Li-Fi (light fidelity) market is expected to garner a sizeable revenue by growing at a CAGR of ~69% throughout the forecast period, i.e., 2022 – 2030, owing to the rising need for high-speed data transfer, growing number of government initiatives regarding energy management in the ICT sector and increasing emergence of IoT. Furthermore, escalating implementation of smart city projects globally is also estimated to fuel the expansion of the market in the coming years.

The market is segmented by component, application and end user. On the basis of component, the LED segment is anticipated to grab the largest share during the forecast period accounting to the high promotion of use of LED by governments of several nations. Additionally, by application, the indoor segment is expected to witness a notable growth in the near future on the back of increasing accommodation in smart buildings and rise in usage of Li-Fi in various indoor settings.

Regionally, the global Li-Fi (light fidelity) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is projected to witness noteworthy market growth over the forecast period, which can be attributed to the increasing number of government initiatives for the improvement of telecommunication infrastructure and high growth of electronics industry in the region.

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Growing Requirement for High-Speed Data Transfer Worldwide to Drive Market Growth

Over the last few years, the volume of data across the world has increased significantly. Fast and efficient communication is the need of the hour. As light fidelity (Li-Fi) technology has the ability to unlock the potential of IoT and driving industry 4.0 applications, its adoption is anticipated to rise in the coming years, which in turn is projected to boost the growth of the market.

However, limited communication range of light fidelity is expected to operate as key restraint to the growth of the global Li-Fi (light fidelity) market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global Li-Fi (light fidelity) market which includes company profiling of LVX System, Signify Holding BV, pureLiFi Ltd, Lucibel SA, Oledcomm SAS, fSONA Networks Corporation, Wireless Excellence Ltd, Fraunhofer HHI, Panasonic Corporation, ACUITY BRANDS LIGHTING, INC., and others.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Li-Fi (light fidelity) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Li-Fi Market - Forecast(2022 - 2027)

The Global market for Li-Fi is forecast to reach $294.2 million by 2026, growing at a CAGR of 29.5% from 2021 to 2026. The market growth is attributed to the factors such as growing demand for indoor wireless communication technology in the commercial sector, increasing implementation of Li-Fi, Light as a service (LaaS) and other Optical Sensing based technology in healthcare & education sectors and others. 

Moreover, rise in penetration of smart devices, construction of smart cities and commercial establishments boosts the market growth. Analysing the widespread use of LED bulbs inside buildings and the large visible light bandwidth, Li-Fi technology is much cheaper and more environmentally friendly than Wi-Fi. In many popular applications, Li-Fi technology has great potential, such as location-based services, mobile connectivity, smart lighting and hazardous environments.

Report Coverage

The report: “Li-Fi market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Li-Fi market.

By Component type: LEDs, Optical Sensing, Photo-detectors, Microcontrollers, others

By Application: Indoor networking, Location-Based Services, Underwater communication, Smartphone, Standalone Tracker, Advance Tracker, Others

By End Users: Aerospace & Defence, Healthcare, Education, Transportation, Automotive, Consumer Electronics, Retail, Government, Others

By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa)

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Key Takeaways

As digitalisation multiplies the number of connected devices, the bandwidth of radio frequencies is facing a bottleneck due to its small capacity, which impacts the quality of service. Li-Fi technology, on the other hand, uses a visible light continuum for data processing that is free of any scale constraints. The impending RF crunch is therefore an important driver for the Li-Fi market

North America region dominated the global Li-Fi market in 2020 owing to the presence of advanced technologies, large number of manufacturers and the increasing domestic and commercial demands for Li-Fi.

Li-Fi Market Segment Analysis – By Component type

Li-Fi market is segmented into LEDs, Optical Sensing, Photo-detectors, Microcontrollers and others on the basis of component. The market of LEDs is anticipated to hold the highest market share of 48.2% in 2020 and is projected to witness fast growth. This growth can be attributed to increased LED  and Light as a Service deployment at commercial establishments and industries. The ability of an LED to modulate swiftly on and off is key to Li-Fi working. These modulation and demodulation schemes transition data from one location to another. 

Li-Fi operates by taking and inserting data content into an SSL driver by streaming it. This SSL driver can run a string of high speed LED lamps, turning them on and off. As the LED lamps turn on and off and strobe faster than the eye can see, it illuminates the context area. Their demand in Li-Fi systems is proliferating with several advantages of LEDs such as durability, low power consumption, and high energy output. These advantages contribute to the broad adoption of LEDs in the form of arrays for Li-Fi system infrastructure, supporting the growth of the market.

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Li-Fi Market Segment Analysis – By Application type

Indoor networking type segment held the highest market share of Li-Fi in 2020. Moreover, it is anticipated to witness the significant market growth of 25.1% CAGR during the forecast period 2021-2026. Smart buildings are presently acclimatizing to accommodate their residents, in order to enhance dweller cosiness and customer experience. They do this by identifying the coordinates of each user and then providing on-site services such as smart car parking, condition monitoring, logistics and shopping support services through Light as a Service wireless communication technology. The basic idea of Li-Fi technology is to use the visible light of an LED light bulb to transmit high-speed data to a smartphone or tablet-connected photo detector and optical sensing.

Li-Fi Market Segment Analysis – By Geography

North America is anticipated to witness significant market growth of 26.7% during the forecast period 2021-2026. Market growth is attributed to factors such as technological advances, increased demand for energy-efficient appliances and increased demand for high-speed wireless connectivity technology in the area. The region also has a well-established infrastructure which allows easy implementation of advanced technologies and provides better connectivity. 

North America, which has prominently taken the lead on various technological developments such as smart homes, smart cities, Internet of Things (IoT), big data and consumer electronics; has emerged as the nucleus for Li-Fi market demand. With majority of the global smart homes, intelligent transport systems and green buildings developing in the U.S., there is upliftment in the market growth of Li-Fi. In the lighting industry, the growth and increase in lifetime of LED lightening has led to the development of new commercial schematics. 

Light source coming from LED bulbs provides a pathway for data in Li-Fi technology, Light as a Service and can meet any devices that it illuminates. The strobing of the LED bulb generates a signal for the receiver device, thereby transferring information. This wireless optical networking technique offers great ability to transmit data at a rate of 224 GB per second and is approximately 100 times faster than Wi-Fi. 

In January 2019, VLNComm formed the industry's fastest, most affordable, and most innovative Li-Fi LED lighting panel. The LumiNex panel, introduced and successfully demonstrated to over 500 people at CES 2018 in Las Vegas, is capable of downloading speeds of 108Mbps and upload speeds when combined with the LumiStick 2, 53Mbps. Such product launches boosts the market growth in this region.

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Li-Fi Market Drivers

Inexpensive LEDs Ballooning Implementation

LED plays a vital role in the overall growth of the Li-Fi industry as a basic component of Li-Fi networks. Globally, LED is promoted due to features such as low power consumption, a lack of harmful emissions and increased lighting. Moving for the aim of 'low carbon economy' and 'smart cities,' policymakers around multiple nations are offering discounted prices for LED bulbs in order to raise application rate. Such developments increase the range of potential Li-Fi Systems users.

Adoption over Wi-Fi

Apart from potentially faster speed Li-Fi has multiple other benefits over Wi-Fi. Li-Fi offers a more secure network as light cannot pass through walls; this also minimizes the interference between devices. Li-Fi is also useful in electromagnetic sensitive areas such as in aircraft cabins, hospitals and nuclear power plants without producing electromagnetic interference. Li-Fi technology uses visible light spectrum and can thus communicate data and unravel capacity which is 10,000 times greater than that accessible within the radio spectrum. The present visible light spectrum is abundant, free and unlicensed; this will help in mitigating the radio frequency spectrum crunch effect. This will drive the Li-Fi market over the forecast period

Li-Fi Market Challenges

Transfer within Room

Li-Fi is unable to relay the path through walls. Wi-Fi is, this drawback of Li-Fi can also be used as a protective mechanism where communication only takes place within a certain space and gadgets that are not present within the room cannot reach it.

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Li-Fi Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Li-Fi market. As of 2019, the market for Li-Fi market  is consolidated with the top players General Electric (U.S.), Koninklijke Philips N.V. (the Netherlands), Oledcomm (France), PureLiFi Limited (U.K), Panasonic Corporation (Japan), Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc. (U.S.), Velmenni (Tartu), LightBee Corporation (U.S.), FSONA Networks (U.K) and among others.

Acquisitions/Technology Launches/Partnerships

In June 2019, Signify, the world leader in lighting, launched a new range of LiFi systems that includes the world’s fastest and most reliable LiFi systems commercially available. The range, branded Trulifi, leverages existing and future professional luminaires. Instead of using radio signals (such as WiFi, 4G/5G, Bluetooth, etc.).

In January 2019, Oledcomm announced LiFiMAX, a low-profile ceiling lamp. LiFiMax is an optical wireless communication system that offers an internet connection over light waves to up to 16 users simultaneously at a peak speed of 100Mbps.

[chitrakullkarni]

Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market Value Chain Analysis & Profit Margin Study Report, 2024

The global Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market was projected at US$ 454.8 million in 2015 and is anticipated to touch US$ 101.30 billion by the completion of the year 2024. The technology of light fidelity is meant for the wireless communication amid the devices utilizing the spectrum of visible light and infrared to transfer information and location. For the broadcast of visible light, merely LED lamps can be utilized in its present-day condition.

In terms of technology it can be referred to as a visible light transport network system, which is able to conveying information by high speeds above the spectrum of infrared and visible light. The communication is fully networked wireless, high speed, and bi-directional. It provides access to multiple user and mobility.

By way of the continually developing technologies for example Internet of Things (IoT), and 5G wireless broadband, the technology of light fidelity is certainly going to expand to the numerous additional arenas of applications for example education, aviation, healthcare, and retail. It will entirely alter the presently existing business verticals in the world today.

The technology of light fidelity can connect faraway and aloof topographies through the nation that cannot be touched over the optical fiber. It is extensively utilized in projects of smart city. Upsurge in government investment in the projects of smart city increases the demand for light fidelity.

Companies:

Some of the important companies for light fidelity market are Firefly Wireless Networks, Plain tree Systems, Panasonic Corporation, Casio, Axrtek, Oledcomm S.A.S, LVX System Corp., Koninklijke Philips, Acuity Brand Lighting Inc., Lucibel, Light Pointe Communications, IBSEN telecom, Byte Light, Avago Technologies, Pure Li-Fi, Light bee Corp., and General Electric Company.

Additional notable companies are IDRO Co. Ltd., Zero1 Pte Ltd, Siemens AG, Velmenni, Renesas Electronics Corporation, Qualcomm Technologies, Inc., Sun partner Technologies, Yuyang D & U Co., Ltd., Wipro, LLC, FSOna Networks Corp, LG Innotek Co., Ltd, Semicon Light Co., Ltd., Bridge lux, Inc.

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Drivers and Restraints:

Increasing demand for wireless internet connection and growing necessity for high speed and protected technology of data transmission having negligible interference are the most important issues motivating the development of the global visible light communication (VLC) market. Growing usage of LED lights in light fidelity due to its fewer consumption of energy, extensive life span, low-slung price, and easy obtainability, are bolstering the global market.

Additionally, the growing demand for higher bandwidth, rewards linked with visible light communication (vlc) technology, and great development in the Research & Development activities to overwhelm the practical challenges are estimated to motivate the global market for the duration of the forecast. Yet, absence of alertness regarding the technology of light fidelity hampers the development of the market.

Classification:

The global light fidelity (Li-Fi) market can be classified by Application, Type, and Region. By Application, it can be classified as Underwater Communication, Healthcare, Automobile, Indoor Networking, Security & Defense, Electronics, Aviation & Aerospace, Advanced Tracker, Smartphone, Standalone Tracker, Retail and others. By Type, it can be classified as Photo Detector, Light Emitting Diode (LED) Lights, and Microcontroller.

Regional Lookout:

By Region the global visible light communication market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe headed the global market by means of value. Furthermore, Asia Pacific region is likely to observe the maximum development for the duration of the forecast. Upsurge in usage of wireless data in tablets, laptops and smartphones owing to increasing inhabitants and speedy development in the region is projected to motivate the market for the duration of the forecast. Furthermore, growth in the demand for completely protected, bidirectional and highspeed wireless communication is projected to increase the market within the area.

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Li-Fi report analyse the market by countries, by type and, by application giving Industry Insights & Opportunity Evaluation.

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Li-Fi Market Likely to Boost Future Growth by 2023

Overview 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. Adoption of LED lighting systems is expected to support the market growth along with smart lighting solutions for major sectors. As predicted by analysts, physical barriers will negatively affect the market’s performance from 2017 to 2024. During the forecast period, the market will be supported by increasing awareness levels and technological advancements. Poor Li-Fi penetration through walls on the other hand will challenge wireless communications sector based organizations functioning in the global Li-Fi market. Analysts have split the market into component, end-users, and applications segments based on products and services. Wireless communications based companies have been profiled. The lack of demand from certain regional markets is set to affect the global market during the forecast period 2017 to 2024. The report also provides the market’s performance forecasts till 2024. Analysts have studied the strategy of wireless communications segment based organizations to help new entrants and established businesses. The wireless communications sector itself is supported by a rise in disposable income as well as the changing social behavior. During the forecast period 2017 to 2024, the Li-Fi market is set to witness a health growth across component, end-users, and applications segments as well as regional markets. Market Segmentation The wireless communications sector has seen growth across component, end-users, and applications segments owing to the increasing spending power of consumers and technological developments. To study the market, analysts have further segmented component, end-users, and applications into LED, microcontroller, optical sensing, and photo detectors on the basis of component. The market is further segmented into applications sub segment which is split into advance tracker, smartphone, and standalone tracker. Additionally, the Li-Fi market on the basis of end-users is segmented into aerospace & defense, automotive, consumer electronics, education, government, healthcare, retail, transportation, and others.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3561 The segmental analysis presented in the report provides wireless communications field based organizations insights into key growth factors such as advancements in technology as well as challenges such as concerns regarding high costs the market will face from 2017 to 2024. The growing application areas and the increasing demand from various industry verticals are some of the key factors having an influence on wireless communications industry based companies, suggest analysts as per the Li-Fi market report. But the report also identifies the lack of investments and the lack of investments in R&D as major threats companies in wireless communications will face till 2024. Regional Overview Wireless communications market based companies in the Li-Fi market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Favorable government policies will be a key growth driver for regional markets. However, the growing penetration of alternatives in the market will turn out to be a threat. For the forecast period 2017 to 2024 each of these regional markets are studied in the report. Starting from North America, the regional market and wireless communications vertical based companies are spread across the United States, Canada, and Mexico. The lack of awareness will turn out to be a major challenge from 2017 to 2024. Certain aspects of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by favorable policies across regional markets as well as the presence of effective communication, suggests the report. Similarly, the wireless communications sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the Li-Fi market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2024. Competitive Landscape The global Li-Fi market research report brings a comprehensive study of component, end-users, and applications market segments, regional analysis, and wireless communications vertical based company details of key players. As the forecast period 2017 to 2024 will bring new opportunities for the market owing to the presence of untapped market opportunities and consumers aiming for more convenience, the market is set to grow at a compound annual growth rate of 70% and is predicted to reach a value of US$51 billion by 2024. With SWOT analysis of wireless communications sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as an underdeveloped infrastructure and high initial investments, companies in the wireless communications sector can change the way business is done. Industry News pureLiFi, the world's largest LiFi technology group, announced today that it has raised $18 million in a Series B round of funding to provide LiFi technology to mass-market smart device and lighting manufacturers. Temasek, a Singapore-based investment firm, and the Scottish Investment Bank are among the investors in the round. The funds will be used to further improve Gigabit LiFi modules and make them usable in form factors that are compatible with mobile devices. At Mobile World Congress, the company announced their shift from LiFi systems to modules, demonstrating modern Gigabit LiFi built into a laptop.

Table of Content:

6 Global Li-Fi Market, By Component6.1 Introduction 206.1.1 Market By Sub-Segment 216.1.1.1 LED 216.1.1.2 Optical Sensing 226.1.1.3 Microcontroller 236.1.1.4 Photo Detector 246.1.1.5 Others 257 Global Li-Fi Market, By Application7.1 Introduction 277.1.1.1 Smartphones 287.1.1.2 Standalone Tracker 297.1.1.3 Advance Tracker 307.1.1.4 Others 318 Global Li-Fi Market, By End-User8.1 Introduction 338.1.1.1 Aerospace & Defense 348.1.1.2 Healthcare 358.1.1.3 Education 368.1.1.4 Transportation 378.1.1.5 Automotive 388.1.1.6 Consumer Electronics 398.1.1.7 Retail 418.1.1.8 Government 428.1.1.9 Others 439 Global Li-Fi Market, By Region9.1.1 North America 469.1.2 Europe 509.1.3 Asia-Pacific 549.1.4 ROW 5810 Competitive Analysis10.1 Market Share Analysis 6211 Company Profiles1 Market Introduction 92 Research Methodologies 102.1 Research Process 102.2 Primary Research 112.3 Secondary Research 112.4 Forecast Model 122.4.1 Market Size Estimation 123 Market Dynamics 133.1 Market Drivers 133.1.1 Increasing Adoption Of LED Lighting System 133.1.2 Increasing Demand Of Wireless Optical Networks And RF-Based Networks 143.1.3 Increasing Demand For Fast, Secure And Reliable Network 143.1.4 Increasing Number Of Internet Users 143.2 Market Restraints 153.2.1 Li-Fi Signal Cannot Penetrate Through Walls 153.2.2 Lack Of Awareness Of Benefits Of Technology 153.3 Market Opportunity 153.3.1 Smart LED Lighting For Commercial, Industrial And Residential Space 153.3.2 Application Of Li-Fi Into Medical Applications 164 Executive Summary 175 Market Factor Analysis 185.1 Li-Fi Supply Chain 185.2 Porter’s Five Forces Analysis 196 Global Li-Fi Market, By Component 206.1 Introduction 206.1.1 Market By Sub-Segment 216.1.1.1 LED 216.1.1.2 Optical Sensing 226.1.1.3 Microcontroller 236.1.1.4 Photo Detector 246.1.1.5 Others 257 Global Li-Fi Market, By Application 277.1 Introduction 277.1.1.1 Smartphones 287.1.1.2 Standalone Tracker 297.1.1.3 Advance Tracker 307.1.1.4 Others 318 Global Li-Fi Market, By End-User 338.1 Introduction 338.1.1.1 Aerospace & Defense 348.1.1.2 Healthcare 358.1.1.3 Education 368.1.1.4 Transportation 378.1.1.5 Automotive 388.1.1.6 Consumer Electronics 398.1.1.7 Retail 418.1.1.8 Government 428.1.1.9 Others 43Get Complete Report @ https://www.marketresearchfuture.com/reports/visible-light-communication-li-fi-market-3561About UsMarket Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.Media Contact:Market Research FutureOffice No. 528, Amanora ChambersMagarpatta Road, Hadapsar,Pune - 411028Maharashtra, India+1 646 845 9312Email: sales@marketresearchfuture.com