Li-Fi Market Analysis

The market is segmented by component into LED, photo detector and microcontroller, out of which, the LED segment is anticipated to hold the largest share in the global Li-Fi (light fidelity) market on account of wide promotion of usage of LED by governments of various countries owing to its lower power consumption and zero harmful emissions. Additionally, on the basis of application, the indoor segment is assessed to observe notable growth over the forecast period, which can be credited to the growing accommodation in smart buildings, and increasing application of Li-Fi in location-based services, indoor lighting and wireless data communication. Along with this, growing number of collaborations among companies to offer unprecedented Li-Fi solutions in indoor spaces is also assessed to drive growth to this market segment in the future. 

Our in-depth analysis of the global market includes the following segments: