Analysis of Optical Wireless Communication and Li-Fi market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Optical wireless communication (OWC) is a form of optical communication wherein unguided infrared (IR), ultraviolet (UV), and visible light are utilized as a signal carrier.
Optical wireless communication systems are known to operate within visible bands are also commonly known as visible light communication (VLC). As wireless communications proliferated, the demand for optical communication and Li-fi technologies became highly prominent than ever and made inroads into multiple applications.
As per the current scenario, majority of the mobile data traffic is being consumed indoors, wherein light fidelity (LiFi), a part of the family of optical wireless communication, offers a multitude of advantages and effective solutions to numerous issues of wireless communication.
Although wireless networks that are existing currently are being overpowered by radio-based technologies, optical wireless communication and Li-fi solutions are set to witness sheer proliferation in the years to come owing to their importance in the futuristic wireless communication frameworks.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
Key players operating in the optical wireless communication and Li-fi market include General Electric, Broadcom Inc., Panasonic Corporation, Honeywell International, Philips Lighting, and others.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Optical Wireless Communication and Li-Fi Market- Adoption across Multiple Applications to Offer Numerous Revenue-Making Opportunities
With the significant boom in solid-state lighting solutions, LEDs are now finding extensive applications in luminaire, lamps, and many other devices for illumination.
All of these lighting devices are being widely-recognized as potential data providers for seamless optical wireless communication technology ‘LiFi (light fidelity)’. This, in turn, is likely to create favorable circumstances for the key players of optical wireless communication and Li-fi market.
Li-fi is well-known in terms of its potency to address specific issues across multiple applications. On a whole, Li-fi carries the potential to provide extra bandwidth capacity to an overall communication network, making it a viable proposition for end-users to invest in.
It can’t be denied that the ultimate key to optical wireless communication and Li-fi market’s growth is the ever-evolving demand for effective communication technologies.
On account of their speed and connectivity, optical wireless communication and Li-fi technologies are finding significant use in electromagnetic-sensitive areas, including airplanes, nuclear power plants, and hospitals.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
On account of incessant penetration of the internet and ever-increasing need for high bandwidth and data transmission speed & capabilities, optical wireless communication and Li-fi technologies are being widely embraced across the globe.
Either as a stand-alone or a complementary technology to the radio wave-based wireless networking (WiFi) paradigms, optical wireless communication and Li-fi market is witnessing sheer proliferation and is likely to reach new heights during the forecast period.
Multiple advantages offered by optical wireless communication and Li-fi technologies continue to be the key selling points, driving growth of optical wireless communication and Li-fi market. Li-fi makes use of the existent infrastructure (e.g., office, retail, industrial lighting systems, home) and is immensely safe and secure in terms of usability.
This, in turn, is fostering the popularity of this technology, thereby driving the optical wireless communication and Li-fi market.
Promising innovations and new product launches remain the key essence of growth & consolidation in the optical wireless communication and Li-fi market.
Lack of awareness regarding multimodal benefits of optical wireless communication and Li-fi technologies is likely to hinder growth of optical wireless communication and Li-fi market.
In addition, skepticism and misconceptions associated with the technologies are further likely to challenge growth of optical wireless communication and Li-fi.
Experts are of the opinion that the impact of these restraining factors is likely to fade over the time as consumer demand for effective wireless connectivity and high data rates is not likely to slow down anytime soon.
The optical wireless communication and Li-fi market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with optical wireless communication and Li-fi market attractiveness as per segments. The report also maps the qualitative impact of various market factors on optical wireless communication and Li-fi market segments and geographies.
By application, the optical wireless communication and Li-fi market can be segmented into
By product type, the optical wireless communication and Li-fi market can be segmented into
The research report presents a comprehensive assessment of the optical wireless communication and Li-fi market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to optical wireless communication and Li-fi market segments such as geographies, application and industry.
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesPre Book
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
- Related Reports -
The optical wireless communication and Li-Fi market is valued at US$ 58 billion.
Some growth factors are: rising penetration of internet, and ability to address specific issues across many sectors.
Optical wireless communication and Li-Fi market would find most opportunities in North America.
Need An Exclusive Report For Your Unique Requirement?