Li-Fi Market deals with the scope of applying Li-Fi technology, Li-Fi enabled device component production and research and development in that field. Li-Fi, basically known as Light Fidelity or 5G Visible Light Communication systems, can be said to be the optimized version of Wi-Fi in modern times. Li-Fi technology is a bidirectional, high-speed, wireless optical networking technology which utilizes the light emitting diodes as a medium to enable high-speed communication.
Data is transmitted by varying the intensity of LED lights at a rate much higher than what human eyes can follow. The concept of Li-Fi is currently attracting a great deal of interest, being an efficient alternative to RF and bringing in a greener, safer and cheaper future of communication thus increasing the scope of Li-Fi Market.
The Li-Fi Market report suggests that the implementation of Li-Fi technology can be included in the devices like LED Bulbs, Lamps and Wireless devices such as PDA, Mobile Phones and Laptops.
The Li-fi Market also hints at the applications of Li-fi technology is the fields such as Intrinsically safe environment like RF restricted Environments, Aircraft Cabins, Operation Theatres in hospitals, Ocean beds, Sensitive Areas such as Power Plants as well as for Smart Lighting, Mobile Connectivity, Vehicles & Traffic Management, Solar Panel, Seminars/ Lecture Halls in Education Systems, Street Lamps, Disaster Management, Location-based Services, Toys.
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Market Driving Factors:
The major driving factors of the Li-Fi Market, as examined by Industry Arc’s research analysts are:
• In case of Li-Fi, you can receive the data as long as you are in the range of the light being emitted from an LED light source.
• LED bulbs use 85% less energy than incandescent bulbs and last up to 20 times longer.
• Li-Fi can work with the existing LED devices; the installation cost is much less.
• A consumer can choose to receive data by keeping the smartphone in the range of LED light or can simply put away the phone in his/her pocket to avoid it.
Geographical Study of the Market:
The market is analyzed based on different geographic regions which includes Americas, Europe, Asia-pacific and Middle-East & Africa. These geographies are further classified into countries holding prominent share in the VLC market for the forecast period. Major market revenue share is contributed by Asia-pacific region. Asia-pacific region has proved to be the most dominant region for Li-fi market, with Japan and China leading the charge. However, U.S and Europe has also planned of a huge investment in this market in the near future.
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Notable Applications Brief:
The major applications of this technology include applications in intrinsically safe environments such as RF restricted environments, aircraft cabins, operation theatres in hospitals, ocean beds and sensitive areas such as power plants.
This technology can also be put to use in smart lighting applications, mobile connectivity, vehicles & traffic management, solar panel, street lamps, disaster management, seminars or lecture halls in education systems and so on.
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