The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Light Fidelity (Li-Fi) Or Visible Light Communication Global Market Report 2024 offers crucial insights into the light fidelity (Li-Fi) or visible light communication market help businesses analyse and build stronger strategies.

The Remarkable Growth Trajectory

• The light fidelity (Li-Fi)/visible light communication market has witnessed exponential growth.
• Market size surged from $260.42 billion in 2023 to $567.29 billion in 2024, with a CAGR of 117.8%.
• Demand drivers include high-speed data transmission, limited radio spectrum, IoT connectivity, and energy efficiency concerns.

A Radiant Future Beckons

• Forecast predicts a remarkable growth to $12993.59 billion in 2028, with a CAGR of 118.8%.
• Integration with 5G networks, smart city initiatives, retail and hospitality connectivity, healthcare solutions, and educational & workplace deployments drive growth.
• Major trends include 5G integration, Li-Fi in healthcare, retail, indoor navigation, secure communication, automotive connectivity, and sustainability.

Growing Concerns Over Cybersecurity Fuel The Surge In Li-Fi

• Li-Fi is seen as more secure due to built-in security in the channel itself.
• Increasing cybercrime cases, such as a 7% rise in the USA in 2021, spur demand.
• Major players in the market include General Electric, Philips, Panasonic, Qualcomm, and Samsung among others.

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Rapid Technological Advancements Drive Growth In Li-Fi

• Companies like Signify are developing innovative solutions like Trulifi for reliable, secure LiFi systems.
• Trulifi offers fast wireless connectivity of up to 150 Mbps, suitable for large areas like conference rooms.
• Partnerships like Fairbanks Morse Defense with PureLiFi aim to deploy secure Li-Fi technology in maritime defense.

Segmenting the Bright Market

• Segmentation includes components like LED, photodetectors, and microcontrollers.
• Transmission types vary between unidirectional and bidirectional.
• Applications span indoor networking, location-based services, in-flight communication, underwater communication, and more.
• Industries adopting Li-Fi range from retail, electronics, defense, automotive, aerospace, healthcare, and others.

Geographical Illumination

• North America led the Li-Fi market in 2023.
• Asia-Pacific is expected to witness the fastest growth during the forecast period.

Conclusion: Lighting the Path Ahead

The light fidelity (Li-Fi)/visible light communication market is not just about data transmission; it’s about illuminating a path towards a more connected, secure, and efficient future. With exponential growth, driven by technological advancements and rising cybersecurity concerns, Li-Fi is poised to revolutionize communication across industries and geographies. As the world becomes increasingly reliant on data, Li-Fi shines as a beacon of hope, offering both speed and security in an interconnected world.

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The Light Fidelity (Li-Fi) Or Visible Light Communication Global Market Report 2024 provides a comprehensive outlook of the light fidelity (Li-Fi) or visible light communication market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The light fidelity (Li-Fi) or visible light communication market forecast offers a thorough analysis onlight fidelity (Li-Fi) or visible light communication market size, light fidelity (Li-Fi) or visible light communication market share,prominent players and their strategies.

The Table Of Content For The Light Fidelity (Li-Fi) Or Visible Light Communication Market Include:
1. Light Fidelity (Li-Fi) Or Visible Light Communication Market Executive Summary
2. Light Fidelity (Li-Fi) Or Visible Light Communication Market Segments
3. Light Fidelity (Li-Fi) Or Visible Light Communication Market Size And Light Fidelity (Li-Fi) Or Visible Light Communication Market Growth Rate
4. Key Light Fidelity (Li-Fi) Or Visible Light Communication Market Trends
5. Major Light Fidelity (Li-Fi) Or Visible Light Communication Market Drivers
……
25. Key Mergers And Acquisitions In The Light Fidelity (Li-Fi) Or Visible Light Communication Market
26. Top Light Fidelity (Li-Fi) Or Visible Light Communication Companies
27. Light Fidelity (Li-Fi) Or Visible Light Communication Market Opportunities And Strategies
28. Light Fidelity (Li-Fi) Or Visible Light Communication Market, Conclusions And Recommendations
29. Appendix

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