Stratview Research has recently published a report on the Li-Fi Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

Li-Fi Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Li-Fi Market is likely to witness an impressive CAGR of 50.10% during the forecast period to reach USD 2681.3 million in 2028.

What is Li-Fi?

Li-Fi stands for light fidelity. It refers to wireless communication technology, which employs light for transmitting data between devices.

Some of the companies drives the market growth:

• Fujitsu
• General Electric
• Integrated System Technologies Ltd.
• Lightbee S.L.
• Lucibel
• NAV Technologies
• Renesas Electronics
• Corporation
• Signify
• Oledcomm
• PureLiFi
• SLD Laser
• Velmenni
• VLNComm.

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Segments Analysis

Component Type:

• The market is segmented as microcontroller, photodetector, and LED.
• LED is estimated to account for the major share of the market during forecast period.
• Rising development of LED in commercial establishments and industries on account its durability, low-power consumption, and high-energy output, is expected to increase the market share of LED components during the forecast period.

Application Type:

• The market is segmented as indoor networking, aerospace, automotive, healthcare, location-based services, underwater communication, defense security, and intrinsically safe environments.
• Automotive is estimated to account for the major share of the market during the forecast period as it enhances the decision-making capabilities in autonomous cars, facilitates Vehicle to Vehicle (V2V) communication in connected cars and the ability to exchange data with other vehicles to prevent potential crashes and congested traffic jams.  

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

COVID-19 IMPACT

COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the ELECTRIC PRESSURE WASHER Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.

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