What is Lifi Light Fidelity Technology?
Light Fidelity technology (LiFi) is a term that is derived from Wireless Fidelity (WiFi). Which is one of the most recent communications technologies, striving to enhance today's technology by using visible light as a data transmission medium rather than the current radiofrequency technology. LiFi fidelity technology is a part of Optical Wireless Communications (OWC). OWC Optical Wireless Communications includes ultra-violet and infra-red communications as well as visible light. Li-fi Light Fidelity Technology provides high-speed internet and data transfer that is ten times faster than standard WiFi.The demand for the technology in end used industry verticals such as transportation, and automotive is propelling the market over the forecast period
|Unit||Value (USD Million)|
|Key Companies Profiled||Lightbee(Spain), PureLiFi Limited (United Kingdom), Panasonic Corporation (Japan), Oledcomm SAS (France), Velmenni (India), Signify Holding B.V (Netherlands), VLNComm Inc (United States), Global Li-Fi Tech (Canada), Lucibel (France), HAVR (United States), SLUX (India), nextLIFI (Australia), Infinity Technology Services (Hong Kong) and Others|
. The study covers a detailed analysis segmented by key business segments i.e. , by application (Airlines, Theatres, Hospitals, Medical Instruments, Offices and Homes and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Lifi Light Fidelity Technology market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Lightbee(Spain), PureLiFi Limited (United Kingdom), Panasonic Corporation (Japan), Oledcomm SAS (France), Velmenni (India), Signify Holding B.V (Netherlands), VLNComm Inc (United States), Global Li-Fi Tech (Canada), Lucibel (France), HAVR (United States), SLUX (India), nextLIFI (Australia), Infinity Technology Services (Hong Kong) and Others.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the health care industry. Several companies such as Panasonic Corporation (Japan), PureLiFi Limited (United Kingdom) and etc are operating in the market to provide customers with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players.
Li-Fi is the leading technology that makes better internet accessibility speed with high bandwidth. Consequently, educational institutions and organizations can use this technology for internet access with fast speed for video conferences, digital tutorial downloads, and online learning. Hence this is the technology which trending in the market due to wide investment in education and higher adoption of this technology for easy connectivity is trending in the market during the forecast period.
- Rising concern about the limited range of light that cannot penetrate through walls is good from the security point of view but it provides a limited range. Thus, Lifi Light Fidelity Technology can be effectively used in closed spaces. While In open spaces, Wi-Fi coverage can go up to 32 meters as compared to Li-Fi. Hence, this is the factor that may hamper the market growth over the forecast period.
Every day, an increasing number of gadgets, the majority of which are wireless, are connected to the Internet. LiFi has a wide range of uses. Hence this are a technology that is creating opportunities in the forecast period
Key highlights of the Global Lifi Light Fidelity Technology market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Lifi Light Fidelity Technology market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Lifi Light Fidelity Technology market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Lifi Light Fidelity Technology Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Lifi Light Fidelity Technology market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Lifi Light Fidelity Technology market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments, OEM (Original Equipment Manufacturer) and End-use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. Where the Lifi Light Fidelity Technology industry is heading?
Lifi Light Fidelity Technology Market is heading robustly to achieve new growth cycle.2. Is Lifi Light Fidelity Technology market is changing from growth to value?
The Concentration Rate of Global Lifi Light Fidelity Technology market is dominated by Players and may generate healthy valuation by 2027.
3. Who are the key players profiled in the Lifi Light Fidelity Technology Market?
Companies that are profiled in Global Lifi Light Fidelity Technology Market are Lightbee(Spain), PureLiFi Limited (United Kingdom), Panasonic Corporation (Japan), Oledcomm SAS (France), Velmenni (India), Signify Holding B.V (Netherlands), VLNComm Inc (United States), Global Li-Fi Tech (Canada), Lucibel (France), HAVR (United States), SLUX (India), nextLIFI (Australia), Infinity Technology Services (Hong Kong) and Others etc.