Your Catalyst To a Lucrative Business
Light Fidelity (Li-Fi) Market Research Report - Global Industry
Analysis, Size and Forecast to 2024 | Hexa Research
“Rising demand for the reliable, fast and secure
network has led to the growth of light fidelity
market.”
The Global Light Fidelity (Li-Fi) Market was valued at around USD 455 million in 2015. It is expected to grow
beyond USD 101 billion during the forecast period (2016- 2024).
Light fidelity is a visible light communication (VLC) system. This system runs high speed wireless
communications. Li-Fi uses common household LED light bulbs to transfer data boosting speed up to 224 gb
(gigabits) per second.
Increasing need for eco-friendly technology is expected to drive the market. Moreover, longer life, low power
consumption, and high illumination are expected to augment market growth in the coming years.
Government promotion for these lights is expected to boost market growth till 2024. The light fidelity market
is split into components, application, and geographies.
Li-Fi components include LED, photo-detector, and microcontroller. LED based light-fidelity devices held over
40% of the market share in 2015.
These LED lights can be controlled to switch on and off to generate a digital string of binary numbers.
Moreover, it can also change colors to red, green, and blue.
Browse Details of Report @ https://www.hexaresearch.com/research-report/light-fidelity-li-fi-market
Follow Us: