Li-Fi Market Share

On the basis of geographical analysis, the global Li-Fi (light fidelity) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is set to hold largest revenue share by 2036, on the back of growing number of government initiatives to improve the telecommunication infrastructure, increasing manufacturing base and robust growth of electronics industry. For instance, the total electronics production in China increased from 10% in 2016 to about 14% by the end of 2017. In 2020, China alone produced 33% of electronic circuit components in the world. Moreover, the North America is expected to occupy the largest market share during the forecast period owing to the rising advancements in technologies such as big data, IoT and wireless sensor networks. Apart from this, rising penetration of smart phones and presence of prominent market players is also projected to boost the growth of the market in this region.