DUBLIN, October 26, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Li-Fi Market 2016-2020" report to their offering.
The global LI-FI market to grow at a CAGR of 47.73% during the period 2016-2020.
Global LI-FI Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The incapability of light to penetrate obstructions and walls ensures that data transmitted will be limited to the room or space. This property makes Li-Fi more secure than Wi-Fi. In addition, Li-Fi does not cause electromagnetic interference. Although the LED bulb must be kept on for transmitting the signal, it can be lowered as per needs.
One of the key trends for market growth will be 5G-enabled LI-Fi systems. 5G comprises various different components; Li-Fi being the one that will likely enhance the future of wireless internet access. LED bulbs are switched on and off at rapid speeds to transmit data, with the data being registered by specially manufactured equipment.
This will make it possible to offer wireless internet connectivity at speeds of up to 10 Gbps, which is about 250 times faster than existing high-speed broadband connections. Rather than having incredible speeds and latency, one of the major advantages of Li-Fi is that it is transmitted by LED bulbs, which can bring fast, highly dependable connectivity to places (such as on airplanes, submarines, nuclear power stations, and hospitals) where Wi-Fi fails or it is not allowed.
According to the report, IoT enabled by Li-Fi will be a key driver for market growth. The IoT uses several technologies such as RFID, sensors, barcodes, and GPS. These technologies are used to monitor and manage the physical assets in an organization. For instance, RFID tagged goods are easier to track in the supply chain. Also, RFID helps manage and maintain inventory.
This increases the efficiency of the enterprise and improves business values. With the help of the IoT, every device or asset of an organization is interconnected with other assets. In addition, enterprises are witnessing a significant improvement in business processes with the adoption of the IoT. Closer monitoring of business processes leads to more effective decisions in real time.
- General Electric
- LVX System
Other prominent vendors
- Avago Technologies
- LightPointe Communications
- Outstanding Technology
- Plaintree Systems
- Renesas Electronics
- Supreme Architecture
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Market segmentation by application
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/6jh47d/global_lifi
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