Li-Fi Market - Trends and Opportunities for the Industry by 2024

The global Li-Fi market is prophesied to expand on the back of high demand for radio frequency (RF)-based and wireless optical networks and increasing production of data. Rising internet traffic because of increasing video consumption could set the tone for improved growth of the market. Compared to Wi-Fi, Li-Fi is said to deliver the same speed of data transfer, if not greater. Availability of large bandwidth over networks and fewer interferences helps the technology to deliver high data transfer speed. Moreover, the technology cancels the need for line of sight between the receiver and transmitter, unlike visible light communication (VLC). It also offers energy efficiency and a high degree of security.

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LED lighting technology has already gained a whole lot of attention in the U.S., China, and Japan due to the promotion of energy conservation. Besides incentives, China offers financial subsidies and resources for encouraging the adoption of the technology. With a view to further push or support the capabilities of LED manufacturers, the country has taken a number of positive steps. All of these factors could work in the favor of the world Li-Fi market.

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On the geographical front, the international Li-Fi market is foretold to find Asia Pacific emerging as a prominent region. Poor radio communications infrastructure in India’s rural areas could augment demand for Li-Fi. Below are some important findings of the regional market.

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