DUBLIN--(BUSINESS WIRE)--The "Li-Fi Enabled Communication System Market to 2027 - Global Analysis and Forecasts by Component and End User" report has been added to ResearchAndMarkets.com's offering.
The Global Li-Fi enabled communication system market accounted to US$ 1,229 Mn in 2018 and is expected to grow at a CAGR of 73.7% during the forecast period 2019-2027, to account to US$ 167,496.4 Mn by 2027.
The global Li-Fi enabled communication system market is classified on basis of different end users as smart home, smart city, automotive, education, retail, healthcare, government, transportation and others. The developed and developing countries are witnessing a rise in numbers of smart homes and smart cities, which is benefiting the Li-Fi technology developers. Smart cities could definitely benefit from Li-Fi enabled street lights to provide internet access to mobile phones.
The on-going trend of sophistication of modern automotive with various advanced technologies, is poised to drive the Li-Fi enabled communication devices through automotive industry. Further, the constant appetite for adoption of advanced technologies among the North American end user industry is expected to drive the Li-Fi enabled communication system market in the coming years.
North America is the leading region in the global market followed by Europe in the Li-Fi enabled communication system market. The availability of efficient infrastructure in the developed nations has enabled the manufacturing companies to explore the limits of science, technology, and commerce. Across North America, technological advancements have led to a highly competitive market. The factors such as a surge in demand for smartphones, industrial automation, internet of things (IoT), increase in a number of smart cities, and smart homes automation systems are boosting the growth of Li-Fi enabled communication system market in this region.
The global Li-Fi enabled communication system market has been segmented on the basis of type and end-user industry. The market for Li-Fi enabled communication system globally has been segmented on the basis of component into LED, photo detectors, microcontrollers, and others. Additionally, the global Li-Fi enabled communication system market is classified on basis of different end users as smart home, smart city, automotive, education, retail, healthcare, government, transportation and others. The rising penetration of smartphones in the developing economies of Asia coupled with the rapidly developing internet infrastructures in these regions are proving to be the major drivers for the growth in the adoption of Li-Fi technology.
Key Topics Covered
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3
Market Segmentation
1.3.1 Global Li-Fi Enabled Communication System
Market - by Component
1.3.2 Global Li-Fi Enabled Communication
System Market - by End-User
1.3.3 Global Li-Fi Enabled
Communication System Market - by Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3
Primary Research
4. Global Li-Fi Enabled Communication System Market Landscape
4.1
Market Overview
4.2 Ecosystem Analysis
4.3 Pest Analysis
4.3.1
North America - Pest Analysis
4.3.2 Europe Pest Analysis
4.3.3
Asia Pacific - Pest Analysis
4.3.4 Rest of World - Pest Analysis
5. Li-Fi Enabled Communication System Market - Key Industry Dynamics
5.1
Key Market Drivers
5.1.1 Growing Demands for Cost & Energy
Efficient Wireless Communication System
5.1.2 Cyber Security
Concerns with Wi-Fi Shifting Demands Towards a More Secured
Communication System
5.1.3 Rising Needs of Data Offloading Over the
Existing Communications Infrastructure with Rapidly Growing Data
5.2
Key Market Restraints
5.2.1 Shorter Ranges for Communication
Coupled with Higher Installation Costs
5.2.2 No Standardization for
the Device Manufacturers
5.3 Key Market Opportunities
5.3.1
Emergence of a Large Number of Use Cases & Application Areas
5.4
Future Trends
5.4.1 Deployments as a Complementary Technology with
WiFi
5.5 Impact Analysis of Drivers and Restraints
6. Li-Fi Enabled Communication System - Global Market Analysis
6.1
Global Li-Fi Enabled Communication System Market Overview
6.2
Global Li-Fi Enabled Communication System Market Forecast and Analysis
6.3
Market Positioning - Global Top 5 Players
7. Global Li-Fi Enabled Communication System Market Analysis - by
Component
7.1 Overview
7.2 Global Li-Fi Enabled Communication
Systems Market Breakdown, by Component, 2018 & 2027
7.3 Led
Market
7.4 Photo Detector Market
7.5 Micro Controller Market
7.6
Others Market
8. Global Li-Fi Enabled Communication System Market Analysis - by End
User
8.1 Overview
8.2 Global Li-Fi Enabled Communication
System Market Breakdown, by End User, 2018 & 2027
8.3 Smart Home
8.4
Smart City
8.5 Automotive
8.6 Education
8.7 Retail
8.8
Healthcare
8.9 Government
8.10 Transportation
8.11 Others
9. Li-Fi Enabled Communication System Market -Geographical Analysis
9.1
Overview
9.2 North America Li-Fi Enabled Communication System
Market Revenue and Forecasts To 2027
9.3 Europe Li-Fi Enabled
Communication Systems Market Revenue and Forecasts To 2027
9.4 Asia
Pacific Li-Fi Enabled Communication System Market Revenue and Forecasts
To 2027
9.5 Rest of the World Li-Fi Enabled Communication System
Market Revenue and Forecasts To 2027
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and
Acquisition
10.3 New Development
11. Global Li-Fi Enabled Communication System Market - Key Company Profiles
- Acuity Brands Inc.
- Fraunhofer HHI
- Global LiFi Tech
- Infinity Technology Services Limited
- Lucibel S.A.
- NextLIFI
- Oledcomm
- PureLIFI
- Signify N.V.
- VLNComm
For more information about this report visit https://www.researchandmarkets.com/r/2w359v
