Global Light Fidelity (Li-Fi) Market Set to See Essential Growth in the Offing, Says 6Wresearch in Its New Report Published at MarketPublishers.com01 Jul 2016 • by Natalie Aster
LONDON – Although the Light Fidelity (Li-Fi) technology is urrently in its early development stage given few applications, it is yet to be commercialised globally. The Li-Fi technology is anticipated to demonstrate significant growth at a fast pace in the years to come.
The world Li-Fi market is predicted to be on the rise in the years to come driven by increasing interest towards the new technology amid various countries, substantial investments into the Li-Fi technology development, expanding LED lighting, mushrooming demand for fast data sharing and data transfer solutions and also incredibly enhancing internet penetration.
During the period from 2016 till 2020, the global Li-Fi market is forecast to exhibit an unbelievable 115% CAGR.
Retail application held the lion’s share of the global Li-Fi market revenues, while campus and street light applications are likely to increase at high CAGRs through 2022.
Regionally, the worldwide market for Li-Fi is dominated by Europe in terms of revenues due to constantly increasing deployment of Li-Fi systems in retail, street light, museums and small scale commercial offices in the region. The APAC Li-fi market is also gaining traction at a healthy rate, with China and Japan expected to demonstrate the highest deployment rates in the next 6 years.
New research report “Global Light Fidelity (Li-Fi) Market” elaborated by 6Wresearch offers a detailed overview of the worldwide Li-Fi market, covering network components, applications and regions. It includes an unbiased analysis of the on-going trends, future market prospects and key prospective growth areas. Moreover, the report delves into the current market dynamics, highlights market growth restraints, drivers, challenges and opportunities. New market strategies, the competitive scenario, new product developments, mergers, partnerships and acquisitions in the market are also thoroughly examined here. A six-year future outlook for the global Li-Fi marketplace through 2022 is also provided.
For other new research reports drawn up by 6Wresearch follow to its page.