“Li-Fi (Light Fidelity) Market” is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Li-Fi (Light Fidelity) market, identifying potential of the Li-Fi (Light Fidelity) markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.
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Key Market Trends:
Indoor is Expected to register a Significant Growth
Smart buildings have begun to adapt to accommodate their residents, in order to improve resident comfort and user experience, by knowing the locations of each occupant and then provide location-based services, such as intelligent car parking, health monitoring, logistics, and shopping assistance. In addition to indoor shopping assistance, location-based service also plays a crucial role in the reduction of building energy cost. The basic idea of Li-Fi technology is to utilize the visible light from an LED light bulb to transmit high-speed data to a photodetector, which is connected to a smartphone or tablet.
Wi-Fi’s frequency spectrum is around 2.4GHz or 5GHz, while Li-Fi’s frequency spectrum is located in the visible light band. Considering the widespread use of LED bulbs inside buildings and large bandwidth of visible light, Li-Fi technology is much cheaper and more environment-friendly than Wi-Fi. Li-Fi technique has great potential in many popular applications, such as location-based services, mobile connectivity, smart lighting, and hazardous environments.The increasing growth in the use of LED lamps in buildings for lighting provides enormous opportunities for Li-Fi based applications. As Li-Fi combines the functions of high-speed wireless data communication and indoor lighting infrastructure, it is very cost-effective to be widely utilized in smart buildings.
The United States is Expected to Hold Major Share
The rapid advance of information technologies, such as wireless sensor network, internet of things, big data, and smartphones, have resulted in the development of smart buildings in the North American region. At the end of 2016, around 15 million households in the United States met the definition of smart home, which is expected to increase to more than 20 million households, thereby, offering several opportunities for Li-Fi in the country.
According to the US Green Building Council, building contributes a significant portion of energy consumption in the United States. It is reported that buildings account for 70% of electricity load and 39% of carbon oxide emissions. Given an occupant’s accurate indoor position, a building management system (BMS) is capable of offering highly-efficient heating, cooling, ventilation, and lighting service to the occupant.
Increasing applications of indoor location-based services embedded with light fixtures in retail shops and hotels in the North American region are also projected to be one of the factors driving the revenue growth in the region. Several companies, such as GE Lightings and ByteLight Inc. are deploying VLC installations in supermarkets, which, in turn, is aiding retailers to tie customers’ shopping history by tracking their location details.
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Major Key Players are as Follows
Scope of the Report:
Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Li-Fi (Light Fidelity) market report.
Reasons to Purchase Li-Fi (Light Fidelity) Market Report Covered:
- The report examines how Li-Fi (Light Fidelity) market will develop in the future.
- Studying various views of the Li-Fi (Light Fidelity) market with the help of Porter’s five forces analysis.
- Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
- Identify the new developments, Li-Fi (Light Fidelity) market shares and strategies employed by the key market players.
- Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
- Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Li-Fi (Light Fidelity) market players
Detailed TOC of Li-Fi (Light Fidelity) Market - Growth, Trends, and Forecast (2019 - 2024)
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Government Initiatives Pushing For Energy Efficiency
4.3.2 Rising Demand For High-speed Network
4.4 Market Restraints
4.4.1 Limited Range And Connectivity And Lack Of Awareness About The Technology
4.5 Value Chain / Supply Chain Analysis
4.6 Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.2.1 North America
5.2.3 Asia Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Panasonic Corporation
6.1.2 Koninklijke Philips NV
6.1.3 Renesas Electronics Corporation
6.1.4 Siemens AG
6.1.6 Zero1 Pte Ltd
6.1.9 LightBee Corp.
6.1.10 IDRO Co. Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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Name: Ajay More
Email: [email protected]
Organization: Absolute Reports
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