Li-Fi Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Li-Fi Market 2018 Li-Fi Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Novel technologies are breaking new barriers in recent times, Li- Fi, is just of the many leading the charge in this issue. Market Research Future which focuses on market reports connected to Semiconductors & Electronics sector amongst others recently made available a report on this sector. The global Li-Fi industry is anticipated to develop with a revenue worth USD 51 Billion by the year 2023 while evolving at 70% of CAGR in the forecast period. Since Li- Fi is an emerging technology its demand is just only picking up in the recent years. The application scope and the potential of the technology is expected to increase the spread of the technology in various sectors and gadgets. As markets and business functions these days demand more speed and agility in terms of the transaction speeds, Li- Fi, has emerged as an appropriate solution. Increased levels of usage of various devices for different uses has also fuelled the growth of the market to a great extent. Need for energy efficient solutions and alternatives is also one of the factor that is favorably driving the growth of the industry in the forecast period.
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Li-Fi Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Li-Fi Market Research Report - Global Forecast 2023” General Electric, Koninklijke Philips N.V., Oledcomm, PureLiFi Limited, Panasonic Corporation, Acuity Brands, Inc., and LightPointe Communications, Inc. are the prime investors in the Li-Fi market. Growing urbanization and increasing popularity of connected things among end users is another major factor driving the growth of Li-Fi market. Growing demand for high speed data transmission is one major factor responsible for boosting the growth of Li-Fi market. According to a recent study report published by Market Research Future, the global market of Li-Fi is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
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Li-Fi Market 2018 Industry/ Innovation/ Related News: March 2018 – Acuity Brands has signed up two new IT partners to its Atrius IoT platform. Both these alliances are aimed at indoor positioning, one of them is focused on retail stores, whereas the other is focused on healthcare settings. March 2018 – Delhi-based Velmenni Research is working on Li-Fi technology which is known to provide high-speed internet through LED lights. The technology is currently in its nascent stage across the world which makes use of visible light instead of radio frequencies. The global Li-Fi market is expected to grow at approx. USD 51 Billion by 2023, at 70% of CAGR between 2017 and 2023. The major factor restraining the growth of Li-Fi market is the lack of awareness and that the Li-Fi signal cannot penetrate through walls. This is owing to the sensor technology that fails to transmit the digital information in presence of an obstacle. This could be a major factor that could hindrance in the growth of Li-Fi market. The absence of Browse Report @ cause https:// line of sight in transmission of data through walls is hampering the Li-Fi market.
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Li-Fi Market 2018 Application & Major Players in this Research: Li-Fi Market Prominent Players:
Acuity Brands, Inc. (U.S.), Panasonic Corporation (Japan), PureLiFi Limited (U.K), Koninklijke Philips N.V. (the Netherlands), General Electric (U.S.) Oledcomm (France)..
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Li-Fi Market 2018 Li-Fi Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The commodities that are being sold currently vary greatly owing to the reason of the strong pace of technological discoveries. This has elevated the opportunities for the imminent growth period. The companies in this industry space are connecting their resources to attain their vision for achieving considerable portion of the business as early as possible. This consequence is productive for firms so that they may sustain fiscal liquidity to take the best decisions in terms of strategy execution and planning. The profitable scenarios available in this market are being applied by contenders who are trying to expand their market coverage by centered development which will prove to be ideal for the growth of this business sector.
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