Li-Fi, which is basically known as Light Fidelity or 5G Visible Light Communication systems, can be said to be the optimized version of Wi-Fi in modern times. It is basically a wireless optical networking technology which utilizes the light emitting diodes as a medium to enable high–speed communication. There is high scope for the Li-Fi Market applications in the various end user applications and industries across the globe during 2016-2021.
Scope and Regional Forecast of the Li-Fi Market:
Asia-pacific region has proved to be the most dominant region for Li-Fi market, with Japan and China leading the charge. Asia Pacific is the leading region with almost half of the global market shares of revenue in the Li-Fi Industry.
The North America and Europe has also planned of a huge investment in the LI-Fi Market in the near future. The U.S. is going to be the major investor in the North America region and Brazil from South America. Germany and France are high potential regions for the LI-Fi industry in Europe through 2021.
According to the IndustryARC research analysis studies on the Li-Fi Market, Li-Fi is currently attracting a great deal of interest, being an efficient alternative to RF and bringing in a greener, safer and cheaper future of communication. There are many investors investing in this technology through 2021.
Segmentation and Key Players of the Li-Fi Market:
The Li-Fi Market is segmented into various categories in the IndustryARC marketing research report by device, by application, by end user industry and by geography.
By device: LED Bulbs, Lamps and Wireless devices (PDA, Mobile Phones and Laptops)
By application: Intrinsically safe environment (RF restricted Environments, Aircraft Cabins, Operation Theaters in hospitals, Ocean beds and Sensitive Areas such as Power Plants), Smart Lighting, Mobile Connectivity, Vehicles & Traffic Management, Solar Panel, Seminars/ Lecture Halls in Education Systems, Street Lamps, Disaster Management and Others (Location-based Services, Toys)
By end user industry: Petroleum and Chemical Industries, Transportation, Healthcare, Nuclear Power Plants, Aviation and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Li-Fi Market according to the IndustryARC research report are as follows:
· Pure Li-Fi Ltd.
· Sunpartner Technologies
· LG Innotek Co., Ltd.
The Li-Fi Market is a high potential emerging technology market and it is competent for the various developing or already invented technologies. This market has many investors for further advancements in Li-Fi research could potentially provide internet connectivity through the usage of LED lights, fostering the growth of greener, cheaper and brighter future of technologies through 2021.
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