Light Fidelity (Li-Fi) Or Visible Light Communication Market 2023 – Size, Industry Growth Rate, Top Trends, Major Players And Forecast To 2032 | General Electric Company, Oledcomm, Renesas Electronics Corporation, PureLiFi ltd, Lvx System

The Light Fidelity (Li-Fi) Or Visible Light Communication Global Market Report 2023, provides comprehensive information on the light fidelity (Li-Fi) or visible light communication market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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According to The Business Research Company’s comprehensive Global Market Report for 2023 on Light Fidelity (Li-Fi) or Visible Light Communication, the anticipated trajectory of the global market for Light Fidelity (Li-Fi) or Visible Light Communication unveils a remarkable growth pattern. Projections suggest a substantial escalation from the recorded figure of $119.54 billion in 2022 to a prospective $261.23 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 118.5%. However, the unfolding geopolitical landscape, particularly the Russia-Ukraine conflict, introduces a complex interplay of factors influencing the global economic rebound post-COVID-19, particularly in the immediate aftermath. The repercussions, including widespread economic sanctions, heightened commodity prices, and disruptions in the supply chain, have engendered inflationary pressures across the spectrum of goods and services, thereby impacting diverse markets on a global scale. Notwithstanding these challenges, the global Light Fidelity (Li-Fi) or Visible Light Communication market is poised for a remarkable expansion, reaching an estimated valuation of $5903.27 billion by 2027, showcasing an anticipated CAGR of 118%. This robust growth underscores the profound impact of technological innovations within the Light Fidelity (Li-Fi) or Visible Light Communication landscape, paving the way for a transformative paradigm in communication technology.

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Within the realm of light fidelity (Li-Fi) and visible light communication, the surge in technological advancements stands as an eminent trend, capturing the attention of industry aficionados. Prominent enterprises operating in this domain are strategically channeling their efforts towards pioneering technological solutions, finely tuned to cater to the discerning demands of their clientele. A noteworthy exemplification of this progressive ethos is discerned in the actions of Signify, a distinguished Netherlands-based entity specializing in Li-Fi/visible light communication. In May 2022, Signify unveiled Trulifi, an innovative suite of commercially available LiFi systems acclaimed for being the fastest and most reliable globally. This product boasts distinctive attributes, leveraging light sources to facilitate exceptionally dependable and secure two-way wireless communications. Notably, it incorporates Philips luminaires equipped with optical wireless transceiver technology, eliminating the need for a disruptive overhaul of existing lighting infrastructure. This revolutionary technology not only ensures superior illumination but also seamlessly integrates wireless connectivity across expansive areas, such as conference rooms and office floors, achieving speeds of up to 150 Megabits per second (Mbps). This remarkable throughput is sufficiently rapid to support simultaneous streaming of 30 1080p HDTV movies, thereby positioning Trulifi as a beacon of efficiency and connectivity in the evolving landscape of Li-Fi and visible light communication.

The global light fidelity (Li-Fi)/visible light communication market is segmented –

1) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Component: LED, Photodetectors, Microcontrollers (MCU)

2) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Transmission Type: Unidirectional, Bidirectional

3) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Application: Indoor Networking, LBS (Location Based Services), In-Flight Communication and Entertainment, Underwater Communication, Other Applications

4) Light Fidelity (Li-Fi) Or Visible Light Communication Market By Industry Vertical: Retail, Electronics, Defense and Security, Automotive and Transport, Aerospace and Aviation, Healthcare, Other Industry Verticals

Top Major Players

General Electric Company

Oledcomm

Renesas Electronics Corporation

PureLiFi ltd

Lvx System

North America was the largest region in the light fidelity (Li-Fi) or visible light communication market in 2022.

The table of contents in TBRC’s light fidelity (Li-Fi) or visible light communication market report includes:

1. Executive Summary

2. Light Fidelity (Li-Fi)/Visible Light Communication Market Characteristics

3. Light Fidelity (Li-Fi)/Visible Light Communication Market Trends And Strategies

4. Light Fidelity (Li-Fi)/Visible Light Communication Market – Macro Economic Scenario

5. Light Fidelity (Li-Fi)/Visible Light Communication Market Size And Growth

…..

26. Africa Light Fidelity (Li-Fi)/Visible Light Communication Market

27. Light Fidelity (Li-Fi)/Visible Light Communication Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Light Fidelity (Li-Fi)/Visible Light Communication Market

29. Light Fidelity (Li-Fi)/Visible Light Communication Market Future Outlook and Potential Analysis

30. Appendix

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