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Li-Fi Market Trends

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Report ID: 3260
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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Li-Fi Market Trends

Growth Drivers

Increasing Requirement for High-Speed Data Transfer
Growing Emergence of IoT Technology

Challenges

Limited Range of Communication of Li-Fi

Li-Fi (Light Fidelity) Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	58.2%
Base Year Market Size (2023)	USD 456.2 million
Forecast Year Market Size (2036)	USD 177.35 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Li-Fi (Light Fidelity) Market Size & Share, Growth Analysis 2036

Author Credits: Abhishek Verma

Report ID: 3260
Published Date: Aug 30, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of Li-Fi is estimated at USD 668.61 million.

Li-Fi (Light Fidelity) Market size was valued at USD 456.2 million in 2023 and is likely to reach USD 177.35 billion by 2036, expanding at around 58.2% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by increasing requirement for high-speed data transfer and growing emergence of IoT technology.

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.

The major players in the market are LVX System, Signify Holding BV, pureLiFi Ltd, Lucibel SA, Oledcomm SAS, and others.

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