Li-fi Market Set for Rapid Growth and Trend by 2021-2028 | Oledcomm SAS, Panasonic Corporation, Signify Holding B.V., Velmenni OÜ, Renesas Electronics 

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The reports cover key developments in the li-fi market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships and collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from li-fi market are anticipated to lucrative growth opportunities in the future with the rising demand for li-fi market in the global market. The market is expected to grow at a significant CAGR during the forecast period.

The global li-fi market size is expected to reach USD 4.81 Billion at a steady CAGR of 9.0% in 2028, according to latest analysis by Emergen Research. Increase in number of patients requiring surgery and rising demand for minimally invasive surgical procedures are some key factors fueling global li-fi market revenue growth. Increasing prevalence of Type 2 diabetes and heart diseases are also driving market revenue growth.Rapid urbanization, lack of physical activity, and poor or unhealthy diets are contributing to increasing obesity. However, high cost of these surgeries and procedures is a key factor negatively impacting market revenue growth.

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Emergen Research study is for everybody needing commercial analyses for the Li-fi Market, 2022 to 2028, market-leading companies. You will find data, trends and predictions.

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Technological advancements have resulted in development of more innovative surgical devices with improved treatment outcomes. In addition, rapid integration of surgical robots with bariatric equipment is supporting market growth, and the trend is expected to continue going ahead. Increasing need for bariatric surgeries have created rising demand for skilled professionals. Availability of specialized surgeons for bariatric surgeries is having a positive impact on the market.

Key Highlights From The Report :

  • Increasing LED implementation in various industries is driving revenue growth of the LED segment currently, which is expected to register a significantly high CAGR of 70.4% over the forecast period.
  • In terms of revenue share, the indoor networking segment is expected to lead during the forecast period due to rising application of Li-Fi-based indoor networking systems in healthcare, retail, and education sectors.
  • Based on end-use, the retail segment is expected to account for the largest market share during the forecast period due to increasing implementation of Li-Fi technology in retail sector to enhance shopping experience.
  • Due to increasing need for energy-efficient devices, and growing demand for high-speed bandwidth in countries in North America, the market in the region is expected to account for the largest market share among other regional markets during the forecast period.
  • Key market players include Oledcomm SAS, Panasonic Corporation, Signify Holding B.V., Velmenni OÜ, Renesas Electronics Corporation, PureLiFi Limited, Fsona Networks Corporation, Acuity Brands, Inc., Lucibel SA, and VLNComm Inc.

Get Access to Full summary of the Li-fi market report @ https://www.emergenresearch.com/industry-report/lifi-market

Segments covered in the report:

Emergen Research has segmented the global Li-Fi market on the basis of component, application, end-use, and region.

Component Outlook (Revenue, USD Million; 2021–2028)

  • Photo-Detector
  • LEDs
  • Microcontroller
  • Optical Sensing
  • Others

Application Outlook (Revenue, USD Million; 2021–2028)

  • Underwater Communication
  • Standalone Tracker
  • Indoor Networking
  • Smartphone
  • Advance Tracker
  • Location-Based Services
  • Others

End-use Outlook (Revenue, USD Million; 2021–2028)

  • Healthcare
  • Aerospace & Defense
  • Education
  • Retail
  • Automotive
  • Government
  • Transportation
  • Consumer Electronics
  • Others

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Geographic Segment Covered in the Report:

The Li-fi market provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

Questions addressed in the report:

What is the estimated market growth rate throughout the forecast period?

Which end-use industry is expected to witness the highest demand for Li-fi market in the near future?

What is the regulatory framework governing the application of Li-fi market in the food industry?

Which manufacturing processes are utilized for the production of Li-fi market ?

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