Visible Light Communication Market Trends | Sales, Cost, and Capacity | Forecast To 2024
“Global Visible Light Communication Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
Global Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market is expected to reach USD 101.30 billion by 2024. Li-Fi (Light Fidelity) is a modern wireless communication technology that implies 5G visible light communication systems using light-emitting diodes. It is related to visible light communication (VLC) and uses light as a carrier signal. The visible light communication (VLC) market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the growth of the light fidelity (Li-Fi) market are rising demand from several end-users, highly enhanced technology in comparison to Wi-Fi technology, and increasing concern regarding cyber security. However, the lack of infrastructure for wireless technology in the developing countries may restrain overall market growth in the years to come. The Li-Fi market is segmented based on component, end-user, and region. Microcontrollers (MCU), LED, photodetectors, and the other components could be explored in visible light communication (VLC)/light fidelity (Li-Fi) in the forecast period. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/visible-light-communication-li-fi-market-size/request-sample