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Global Light Fidelity (Li-Fi) Business Research Report 2024: Market to Reach $10.9 Billion by 2030 - Rising Focus on Indoor Networking in Healthcare Sector to Drive GrowthDUBLIN, Feb. 21, 2024 /PRNewswire/ -- The "Light Fidelity (Li-Fi) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.  Global Light Fidelity (Li-Fi) Market to Reach $10.9 Billion by 2030 The global market for Light Fidelity (Li-Fi) estimated at US$657.8 Million in the year 2022, is projected to reach a revised size of US$10.9 Billion by 2030, growing at a CAGR of 42% over the analysis period 2022-2030. LEDs, one of the segments analyzed in the report, is projected to record 42.6% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the Photo Detectors segment is estimated at 40.5% CAGR for the next 8-year period. The report explores the emerging role of Li-Fi technology in monitoring COVID-19 patients and facilitating social distancing measures during the pandemic, particularly in smart buildings. It presents a competitive scenario analysis, including the global key competitors' market share and their market presence categorized as strong/active/niche/trivial in 2023. In terms of market prospects and outlook, the report identifies key growth drivers and market restraints impacting the adoption of Li-Fi technology. It further analyzes the market by component, application, and end-use sectors, providing insights into the percentage breakdown of sales for LEDs, photo detectors, microcontrollers, indoor networking, location-based services, in-flight communications, healthcare, retail, education, and other segments. The U.S. Market is Estimated at $239.6 Million, While China is Forecast to Grow at 47.6% CAGR Regional analysis highlights the distribution of Li-Fi market sales between developed and developing regions, ranking geographic regions based on their compound annual growth rate (CAGR) for the period of 2022-2030. Additionally, the report offers an introduction o Li-Fi technology, outlining its benefits and drawbacks, along with recent market activity shaping the Li-Fi market landscape. The Light Fidelity (Li-Fi) market in the U.S. is estimated at US$239.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 47.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.6% and 36.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 41.8% CAGR. What`s New?
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For more information about this report visit https://www.researchandmarkets.com/r/iwdif7 About ResearchAndMarkets.com Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg SOURCE Research and Markets 
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