Li-Fi Market Trends 2021-2030, Industry Statistics in North America, Europe and APAC with COVID-19 Impact Analysis: Graphical Research
European Li-Fi Market Size To Exceed $ 2 Billion Valuation By 2030 | domestic network segment to drive growth in the North American market | Asia-Pacific industry to register 65% CAGR for expected time
Graphical Research has released a report on Li-Fi market which gives a detailed overview of this business vertical during the forecast period. The report includes the major drivers of the industry and provides an accurate analysis of the main growth trends and market prospects in the coming years, in addition to the competitive hierarchy of this sphere.
The following major trends have worked as accelerators for the market:
Increased demand for smart factories as part of European Industry 4.0
With Industry 4.0 driving the demand for efficient wireless connectivity in UK, Germany and France, demand in the European Li-Fi market is expected to reach a significant level over the next five years. Smart factories have sprung up quickly in these countries. These factories of the future require solutions that are not based on radio frequency, as RF devices can have limited connectivity.
Two-way wireless communication offered by Light Fidelity (Li-Fi) technology can revolutionize the way workers work in factories and manufacturing units, thanks to new Li-Fi solutions introduced by industry players. For example, in March 2021, international lighting manufacturer Signify, in collaboration with Vuzix Corporation, a leading supplier of augmented reality (AR) technologies, presented their new smart glasses integrated with Trulifi.
Access sample pages of the “Europe Li-Fi Market Forecasts 2030” report in detail as well as the table of contents (ToC) @
It is a software solution that provides coverage in areas where Wi-Fi and other RF systems cannot penetrate. Factories, public places and government agencies have already started to make the most of the new technology. General Electric, Integrated System Technologies Ltd., Oledcomm, PureLiFi, VLNComm and Signify are among the leading providers of Li-Fi solutions in the global market.
Growing adoption of domestic networks in North America
In North America, the use of Light Fidelity services in offices and businesses is accelerated by the trend adoption of IoT connected devices. Another factor driving the growth of the North American Li-Fi market is the growing popularity of the Indoor Positioning System (IPS), which works similarly to GPS. Developed for locating people and objects positioned inside buildings, IPS is used in several applications, including inland navigation, asset tracking and inventory management.
The integration of Li-Fi enabled solutions can increase safety, operational efficiency and increased revenue opportunities for hospitals, airports, logistics centers, universities and museums, among others, fueling the prospects of the Li-Fi industry in North America.
Access sample pages of the ‘North America Li-Fi Market Forecast 2030’ report in detail as well as Table of Contents (ToC) @
Eliminating Health Risks Promotes Adoption Across US Healthcare
The electromagnetic radiation emitted by radio frequencies can be dangerous, especially for patients when wireless communications such as cell phones and Wi-Fi are used in healthcare facilities. As Li-Fi harnesses the visible light spectrum, the complete elimination of health risks and safer high-speed internet connectivity is possible. Administrative staff, physicians and patients can reap the benefits of these solutions.
In addition, since the outbreak of the COVID-19 pandemic, the focus on the health and well-being of medical staff has intensified. As a result, the Li-Fi market share in North America is expected to exceed $ 2.5 billion by 2030. Pharmacists increasingly rely on Li-Fi for real-time monitoring of medical equipment and machines. in the midst of the pandemic.
Li-Fi transformation potential for in-flight entertainment systems
The growing demand for improved in-flight connectivity has recently encouraged several aviation and aerospace companies in the region to switch to Li-Fi solutions. These communication systems have the potential to transform in-flight entertainment systems to another level, revolutionizing cabin and fuselage design. Additionally, since Li-Fi provides a communications platform that does not interfere with wireless networks primarily used by pilots for navigation and ground communications, Li-Fi’s market share in North America is expected to experience greater deployment by 2030.
Growth in disposable income of the Chinese population
The Chinese population has been spending more on luxury cars with the latest technology due to the substantial growth in their revenue volumes in recent times, fueling the forecast for the Asia-Pacific Li-Fi market. As consumer capacity increases, this will be reflected in the increasing adoption of technologies such as 5G and 6G connectivity, Internet of Things (IoT) enabled devices, augmented reality (AR) and virtual reality. (VR). The integration of these advanced technologies will likely require very efficient communication networks such as Li-Fi.
Li-Fi-based communication systems are deployed in all major Chinese sectors, including automotive and industry. With the increase in network congestion between Wi-Fi enabled devices, communication systems based on Li-Fi are sure to gain traction in the public and private sectors. By 2030, the overall size of the Li-Fi market in Asia-Pacific is expected to reach over $ 3 billion, driven by growing demand from China, which rivals the status of a global superpower.
LED segment records strong demand in Asia
APAC Li-Fi market revenue from LED segment is expected to register substantial increase, driven by increasing technological advancements in next generation communication systems field. The growing number of research initiatives have revealed the potential of Li-Fi in dense urban environments. These include smart cities, to reduce network congestion, improve mobile connectivity, car-to-car communication, underwater communication, disaster and accident relief operations and localized advertising. .
For example, in September 2018, China Railway Construction Corporation (CCRC Corp) showed off its prototype of its new smart metro with Li-Fi network made up of legions of LED lights located both inside and outside. exterior of the wagons. This could eliminate the need for conventional wired cables for inter-train communication and provide a superior gaming, browsing, and video streaming experience for commuters who typically experience a clogged network inside a crowded train.
About graphical search:
Graphical Research is a business research company providing industry insights, market forecasts, and strategic contributions through granular research reports and consulting services. We publish targeted research reports with the aim of meeting the varied needs of clients, from market penetration and entry strategies to portfolio management and strategic perspectives. We understand that business requirements are unique: our syndication reports are designed to ensure relevance to industry participants throughout the value chain. We also provide custom reports tailored to exact client needs, with dedicated analyst support throughout the purchase lifecycle.
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COMTEX_391082229 / 2773 / 2021-08-06T06: 48: 11