Li-Fi Market - Forecast(2021 - 2026)
Li-Fi Market Overview The Global market for Li-Fi is forecast to reach $294.2 million by 2026, growing at a CAGR of 29.5% from 2021 to 2026. The market growth is attributed to the factors such as growing demand for indoor wireless communication technology in the commercial sector, increasing implementation of Li-Fi, Light as a service (LaaS) and other Optical Sensing based technology in healthcare & education sectors and others. Moreover, rise in penetration of smart devices, construction of smart cities and commercial establishments boosts the market growth. Analysing the widespread use of LED bulbs inside buildings and the large visible light bandwidth, Li-Fi technology is much cheaper and more environmentally friendly than Wi-Fi. In many popular applications, Li-Fi technology has great potential, such as location-based services, mobile connectivity, smart lighting and hazardous environments. Report Coverage The report: “Li-Fi market – Forecast (2021-2026)”, by IndustryARC cove...