The Light Fidelity (Li-Fi) Or Visible Light Communication Global Market Report 2023, provides comprehensive information on the light fidelity (Li-Fi) or visible light communication market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company's comprehensive Global Market Report for 2023 on Light Fidelity (Li-Fi) or Visible Light Communication, the anticipated trajectory of the global market for Light Fidelity (Li-Fi) or Visible Light Communication unveils a remarkable growth pattern. Projections suggest a substantial escalation from the recorded figure of $119.54 billion in 2022 to a prospective $261.23 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 118.5%. However, the unfolding geopolitical landscape, particularly the Russia-Ukraine conflict, introduces a complex interplay of factors influencing the global economic rebound post-COVID-19, particularly in the immediate aftermath. The repercussions, including widespread economic sanctions, heightened commodity prices, and disruptions in the supply chain, have engendered inflationary pressures across the spectrum of goods and services, thereby impacting diverse markets on a global scale. Notwithstanding these challenges, the global Light Fidelity (Li-Fi) or Visible Light Communication market is poised for a remarkable expansion, reaching an estimated valuation of $5903.27 billion by 2027, showcasing an anticipated CAGR of 118%. This robust growth underscores the profound impact of technological innovations within the Light Fidelity (Li-Fi) or Visible Light Communication landscape, paving the way for a transformative paradigm in communication technology.
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Within the realm of light fidelity (Li-Fi) and visible light communication, the surge in technological advancements stands as an eminent trend, capturing the attention of industry aficionados. Prominent enterprises operating in this domain are strategically channeling their efforts towards pioneering technological solutions, finely tuned to cater to the discerning demands of their clientele. A noteworthy exemplification of this progressive ethos is discerned in the actions of Signify, a distinguished Netherlands-based entity specializing in Li-Fi/visible light communication. In May 2022, Signify unveiled Trulifi, an innovative suite of commercially available LiFi systems acclaimed for being the fastest and most reliable globally. This product boasts distinctive attributes, leveraging light sources to facilitate exceptionally dependable and secure two-way wireless communications. Notably, it incorporates Philips luminaires equipped with optical wireless transceiver technology, eliminating the need for a disruptive overhaul of existing lighting infrastructure. This revolutionary technology not only ensures superior illumination but also seamlessly integrates wireless connectivity across expansive areas, such as conference rooms and office floors, achieving speeds of up to 150 Megabits per second (Mbps). This remarkable throughput is sufficiently rapid to support simultaneous streaming of 30 1080p HDTV movies, thereby positioning Trulifi as a beacon of efficiency and connectivity in the evolving landscape of Li-Fi and visible light communication.
The global light fidelity (Li-Fi)/visible light communication market is segmented -
1) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Component: LED, Photodetectors, Microcontrollers (MCU)
2) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Transmission Type: Unidirectional, Bidirectional
3) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Application: Indoor Networking, LBS (Location Based Services), In-Flight Communication and Entertainment, Underwater Communication, Other Applications
4) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Industry Vertical: Retail, Electronics, Defense and Security, Automotive and Transport, Aerospace and Aviation, Healthcare, Other Industry Verticals
North America was the largest region in the light fidelity (Li-Fi) or visible light communication market in 2022.
The table of contents in TBRC’s light fidelity (Li-Fi) or visible light communication market report includes:
1. Executive Summary
2. Light Fidelity (Li-Fi)/Visible Light Communication Market Characteristics
3. Light Fidelity (Li-Fi)/Visible Light Communication Market Trends And Strategies
4. Light Fidelity (Li-Fi)/Visible Light Communication Market - Macro Economic Scenario
5. Light Fidelity (Li-Fi)/Visible Light Communication Market Size And Growth
.....
26. Africa Light Fidelity (Li-Fi)/Visible Light Communication Market
27. Light Fidelity (Li-Fi)/Visible Light Communication Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Light Fidelity (Li-Fi)/Visible Light Communication Market
29. Light Fidelity (Li-Fi)/Visible Light Communication Market Future Outlook and Potential Analysis
30. Appendix
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According to the new market research report on "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market by Component (LED, Photodetector, Microcontroller, and Software), Transmission Type, Application, and Geography - Global Forecast to 2023", the free space optics (FSO) market is expected to grow from USD 0.27 billion in 2018 to USD 1.45 billion by 2023, at a CAGR of 39.58% during 2018–2023.
Factors driving the growth of the FSO market include last-mile connectivity, no licensing, and alternative solution to overburdened RF technology for outdoor networking.
Major factors driving this growth are faster and safer data transfer, RF spectrum bandwidth crunch, and less energy consumption.Browse 102 market data Tables and 47 Figures spread through 185 Pages and in-depth TOC on "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market - Global Forecast to 2023"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=946Early buyers will receive 10% customization on reports.Mobile backhaul and consumer electronics applications expected to hold the largest share of the FSO and VLC markets, respectivelyAmong all the major applications of FSO, the mobile backhaul application is expected to account for the largest share during the forecast period.
This is due to the increasing internet penetration and data traffic from mobile applications, including the Internet, video, and data services, which has grown tremendously with the proliferation of smartphones, tablets, and other wireless devices.
Photodetector is the main component of bidirectional VLC that helps in detecting changes in light intensity from the LED light source.FSO and VLC market in APAC is expected to grow at the highest CAGR during the forecast periodThe FSO market in APAC is expected to grow at the highest CAGR between 2018 and 2023.
Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are the factors driving the FSO market in APAC.
The global Light Fidelity (Li-Fi) Market was valued at around USD 455 million in 2015.
It is expected to grow beyond USD 101 billion during the forecast period (2016- 2024).Light fidelity is a visible light communication (VLC) system.
Li-Fi uses common household LED light bulbs to transfer data boosting speed up to 224 gb (gigabits) per second.Increasing need for eco-friendly technology is expected to drive the market.
Moreover, longer life, low power consumption, and high illumination are expected to augment market growth in the coming years.
The light fidelity market is split into components, application, and geographies.Browse Details of Report @ https://www.hexaresearch.com/research-report/light-fidelity-li-fi-marketLi-Fi components include LED, photo-detector, and microcontroller.
LED based light-fidelity devices held over 40% of the market share in 2015.These LED lights can be controlled to switch on and off to generate a digital string of binary numbers.
