The Europe Light Fidelity Market should witness market growth of 45.9% CAGR during the forecast period (2022-2028).
Li-Fi may be utilized in towns and cities to wirelessly communicate data, transforming them into smarter, more efficient cities. Experts worldwide have indicated that data transfer rates between devices will increase significantly in the future compared to current network speeds. As a result, light fidelity strives to eliminate all the difficulties without slowing down data flow. As a result, the need for such networks will grow in heavily populated places.
The number of people using digital devices is rapidly rising. Radio frequency orRFspectrum congestion will inevitably result from an increase in internet users and data traffic, reducing the available bandwidth. Li-Fi is anticipated to expand the market by offering reliable indoor internet connectivity without obstructing the RF spectrum.
Li-Fi may operate via the infrared spectrum in addition to the visible light spectrum. This process makes it possible for Li-Fi to spread quickly and unhindered. Moreover, it is a more secure method of data communication because it uses visible light, which cannot pass through barriers, making it challenging to acquire the data. This distinctive quality of Li-Fi makes it extremely secure. Furthermore, increased demand is anticipated to be fueled by decreased costs, ease of implementation, and energy efficiency.
In order for interested parties to test the advantages of the Li-Fi connectivityHotSpot in several application domains, the institution also provided a Customer Assessment Kit.Edinburgh and Oxford universities, as well as companies like France Telecom, are also engaged in research in Europe. Improvements in LED performance, which are robust, effective, and brilliant and are quickly displacing incandescent bulbs, have been the primary driving force behind VLC. As a result, the technology now has a wider range of applications due to the growing research activity in the domain of light fidelity. The significant R&D in the region will aid in the growth of the regional light fidelitymarket in the upcoming years.
The Germany market dominated the Europe Light Fidelity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $244.2 million by 2028. The UK market is anticipated to grow at a CAGR of 44.7% during (2022-2028). Additionally, The France market would exhibit a CAGR of 47% during (2022-2028).
Based on Component, the market is segmented into LED, Microcontrollers, Photodetector, and Others. Based on End-Use, the market is segmented into Healthcare, Retail, Education, Aerospace & Defense, Automotive, Government, Transportation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Li-Fi may be utilized in towns and cities to wirelessly communicate data, transforming them into smarter, more efficient cities. Experts worldwide have indicated that data transfer rates between devices will increase significantly in the future compared to current network speeds. As a result, light fidelity strives to eliminate all the difficulties without slowing down data flow. As a result, the need for such networks will grow in heavily populated places.
The number of people using digital devices is rapidly rising. Radio frequency orRFspectrum congestion will inevitably result from an increase in internet users and data traffic, reducing the available bandwidth. Li-Fi is anticipated to expand the market by offering reliable indoor internet connectivity without obstructing the RF spectrum.
Li-Fi may operate via the infrared spectrum in addition to the visible light spectrum. This process makes it possible for Li-Fi to spread quickly and unhindered. Moreover, it is a more secure method of data communication because it uses visible light, which cannot pass through barriers, making it challenging to acquire the data. This distinctive quality of Li-Fi makes it extremely secure. Furthermore, increased demand is anticipated to be fueled by decreased costs, ease of implementation, and energy efficiency.
In order for interested parties to test the advantages of the Li-Fi connectivityHotSpot in several application domains, the institution also provided a Customer Assessment Kit.Edinburgh and Oxford universities, as well as companies like France Telecom, are also engaged in research in Europe. Improvements in LED performance, which are robust, effective, and brilliant and are quickly displacing incandescent bulbs, have been the primary driving force behind VLC. As a result, the technology now has a wider range of applications due to the growing research activity in the domain of light fidelity. The significant R&D in the region will aid in the growth of the regional light fidelitymarket in the upcoming years.
The Germany market dominated the Europe Light Fidelity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $244.2 million by 2028. The UK market is anticipated to grow at a CAGR of 44.7% during (2022-2028). Additionally, The France market would exhibit a CAGR of 47% during (2022-2028).
Based on Component, the market is segmented into LED, Microcontrollers, Photodetector, and Others. Based on End-Use, the market is segmented into Healthcare, Retail, Education, Aerospace & Defense, Automotive, Government, Transportation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Scope of the Study
By Component
- LED
- Microcontrollers
- Photodetector
- Others
By End-Use
- Healthcare
- Retail
- Education
- Aerospace & Defense
- Automotive
- Government
- Transportation
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Holdings Corporation
- Signify N.V.
- Renesas Electronics Corporation
- Wipro Lighting (Wipro Enterprises Private Limited)
- pureLiFi Limited
- Oledcomm
- VLNComm
- Velmenni
- LiFiComm Tech
- Lucibel SA
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Light Fidelity Market, by Component
1.4.2 Europe Light Fidelity Market, by End-Use
1.4.3 Europe Light Fidelity Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Light Fidelity Market by Component
3.1 Europe LED Market by Country
3.2 Europe Microcontrollers Market by Country
3.3 Europe Photodetector Market by Country
3.4 Europe Others Market by Country
Chapter 4. Europe Light Fidelity Market by End-use
4.1 Europe Healthcare Market by Country
4.2 Europe Retail Market by Country
4.3 Europe Education Market by Country
4.4 Europe Aerospace & Defense Market by Country
4.5 Europe Automotive Market by Country
4.6 Europe Government Market by Country
4.7 Europe Transportation Market by Country
4.8 Europe Others Market by Country
Chapter 5. Europe Light Fidelity Market by Country
5.1 Germany Light Fidelity Market
5.1.1 Germany Light Fidelity Market by Component
5.1.2 Germany Light Fidelity Market by End-use
5.2 UK Light Fidelity Market
5.2.1 UK Light Fidelity Market by Component
5.2.2 UK Light Fidelity Market by End-use
5.3 France Light Fidelity Market
5.3.1 France Light Fidelity Market by Component
5.3.2 France Light Fidelity Market by End-use
5.4 Russia Light Fidelity Market
5.4.1 Russia Light Fidelity Market by Component
5.4.2 Russia Light Fidelity Market by End-use
5.5 Spain Light Fidelity Market
5.5.1 Spain Light Fidelity Market by Component
5.5.2 Spain Light Fidelity Market by End-use
5.6 Italy Light Fidelity Market
5.6.1 Italy Light Fidelity Market by Component
5.6.2 Italy Light Fidelity Market by End-use
5.7 Rest of Europe Light Fidelity Market
5.7.1 Rest of Europe Light Fidelity Market by Component
5.7.2 Rest of Europe Light Fidelity Market by End-use
Chapter 6. Company Profiles
6.1 Panasonic Holdings Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 Signify N.V.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.3 Renesas Electronics Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.4 Wipro Lighting (Wipro Enterprises Private Limited)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 pureLiFi Limited
6.5.1 Company Overview
6.6 Oledcomm
6.6.1 Company Overview
6.7 VLNComm
6.7.1 Company Overview
6.8 Velmenni
6.8.1 Company Overview
6.9 LiFiComm Tech
6.9.1 Company Overview
6.10. Lucibel SA
6.10.1 Company Overview
Companies Mentioned
- Panasonic Holdings Corporation
- Signify N.V.
- Renesas Electronics Corporation
- Wipro Lighting (Wipro Enterprises Private Limited)
- pureLiFi Limited
- Oledcomm
- VLNComm
- Velmenni
- LiFiComm Tech
- Lucibel SA
Methodology
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