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Advent of IoT-enabled Li-Fi to Fuel LiFi Technology Sales in the Global Market

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Published on : Dec 21, 2016

ALBANY, NY, Dec 21, 2016: The report provides a comprehensive overview of the market covering aspects such as products offered, vendor landscape, manufacturing cost structure, leading distribution channels, and segmentation based on various parameters. The report has been compiled to help stakeholders understand the global light fidelity (LiFi) technology sales market better and gauge the growth prospects prevalent therein. 

With the advent of IoT-enabled LiFi, the global LiFi sales is expected to surge at a tremendous pace. The IoT technology has helped organizations interconnect every device and assets with each other. This has in turn enabled retailers from across the globe commence using M2M-based digital signage technology and provide users with valuable information regarding new product launches and discounts. Since, M2M signage enables real-time communication of information, it is also used to show video messages at the point of sale to improve the customer outreach. 

Presently, North America hold a strong position in the global LiFi technology sales market and is expected to continue exhibiting strong growth through the course of the forecast period. The increasing use of radio frequency for Wi-Fi has created a strong spectrum crunch in the region, which had led to a drop in bandwidth offered by service providers thus adversely affecting high speed communication. The advancement over Wi-Fi is likely to mitigate these concerns and witness high application in industrial, commercial, marine, and horticulture lighting. 

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By end user, the global LiFi technology sales market can be segmented into retail, automotive and transportation, consumer electronics, defense and security, and healthcare. Of these, the retail segment currently holds a significant share in the market and is expected to remain dominant through the course of the report’s forecast period. 

Besides studying the various factors impacting the market’s growth across the aforementioned segments, the report also identifies the ones that will offer the most lucrative opportunities. To present insight into the competition prevailing in the market, the report profiles companies such as LVX System, pureLiFi, Oledcomm, Philips, and GE. Other prominent vendors operating in the market are Axrtek, Casio, Avago Technologies, Lightbee, ByteLight, Outstanding Technology, LightPointe Communications, IBSENtelecom, Plaintree Systems, Supreme Architecture, Renesas Electronics, and Luciom, Panasonic. 

The vendor landscape in the global LiFi technology sales market is highly competitive. In order to gain dominance, major players operating in the market are investing in research and development activities to develop new LiFi technologies and commercialize the same. Since the market exhibits a high growth potential, it has been witnessing numerous collaborations, mergers and acquisitions, product developments, partnerships, and product development. The report thus includes exhaustive information and is intended to help both new and existing companies create winning business strategies.

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