Global Li fi Market 2023-2027

Global Li Fi Market 2023-2027

Technavio has been monitoring the Li Fi market and is forecast to grow by $7325.58 mn during 2022-2027, accelerating at a CAGR of 64.84% during the forecast period. Our report on the Li Fi market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in end-user applications, availability of greater bandwidth, and IoT enabled by Li Fi.

Technavio's Li Fi market is segmented as below:

By ApplicationIndoor networkingLBSIFCEUnderwater communicationOthersBy End-userRetailConsumer electronicsAutomotive and transportationHealthcareOthersBy GeographyNorth AmericaAPACEuropeSouth AmericaMiddle East and AfricaThis study identifies the 5G-enabled Li Fi systems as one of the prime reasons driving the Li Fi market growth during the next few years. Also, the adoption of LEDs and an increase in end-user applications will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the Li Fi market covers the following areas:Li Fi market sizingLi Fi market forecastLi Fi market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Li Fi market vendors that include Acuity Brands Inc., Fujitsu Ltd., General Electric Co., Global LiFi Tech, Koninklijke Philips NV, KYOCERA corp., LIFX, LightBee SL, Lucibel SA, Luciom, LumEfficient Lighting Corp., LVX System, nextLiFi, Oledcomm, pureLiFi Ltd., Signify NV, Velmenni, VLNComm Inc., Wipro Ltd., and Zero1 Pte Ltd. Also, the Li Fi market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.