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Gradually increasing application of Li-Fi in different industry verticals such as aviation, retail, healthcare, and education is foreseen to enhance the growth potential of the global Li-Fi technology market.
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Li-Fi Technology Market Li-Fi Technology Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025 www.qyrconsulting.com
Gradually increasing application of Li-Fi in different industry verticals such as aviation, retail, healthcare, and education is foreseen to enhance the growth potential of the global Li-Fi technology market. In June 2019, Air France announced that a new Li-Fi technology will be unveiled at the International Paris Air Show in Le Bourget through a partnership between the air carrier, Ubisoft, and Latécoère. High focus on Li-Fi application development could be a factor playing a crucial role in the growth of the global market. In July 2019, a new EU consortium revealed their Enhance Lighting for the Internet of Things (ELIoT) project concentrating on the development of mass market IoT solutions using Li-Fi. Rising Popularity of Li-Fi due to Better Advantages than Wi-Fi to Improve Demand Interesting advantages of Li-Fi over Wi-Fi such as better eco-friendliness, larger visible light spectrum, wider bandwidth, and less expensiveness are expected to improve the adoption of Li-Fi technology. High demand for smart devices could further add to the growth of the global Li-Fi technology market. Increasing installation of smart lighting systems in residential as well as commercial settings is foreseen to boost the global market growth. Growing requirement of improved indoor lighting infrastructure and high-speed wireless data communication could create sales opportunities for market players.
Companies to Form Intelligent Alliances for Li-Fi Development and Product Innovation • The report covers important companies operating in the global Li-Fi technology market, including pureLiFi, GE, LVX, Philips, Velmenni R&D Pvt. Ltd., VLNComm Inc., Panasonic Corporation, Acuity Brands, Inc., LightPointe Communication, LightBee Corporation, Siemens, and Renesas Electronics. • Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7355 • By Component • ● LED • ● Photo Detector • ● Microcontroller • By End Use • ● Automotive • ● Education • ● Retail • ● Healthcare • ● Government • ● Aerospace and Defense • ● Power and Utilities • ● Chemical • ● IT and Telecommunications
By Region Early adoption of new and sophisticated technologies in North America is anticipated to help increase the growth of the Li-Fi technology market in the region. Launch of high-end Li-Fi-enabled products, development of smart buildings, and deployment of visible light communication (VLC) systems at retail locations could drive the demand for Li-Fi technology in the region. Report TOC, Figures and Tables: https://www.qyrconsulting.com/reports/li-fi-technology-market
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