888-776-0942 from 8 AM - 10 PM ET
DUBLIN , June 16, 2022 /PRNewswire/ -- The "Global Li-Fi and Optical Camera Communications Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
Market revenues are forecast to reach the billion-dollar mark at a 51.6% compound annual growth rate by 2027.
The study includes market analyses by region and end-user vertical and best practice examples and use cases.
The publisher projects device integration, laser-based Li-Fi, ultra-sensitive photodetectors, and the emergence of new use cases for critical and smart infrastructure segments to accelerate Li-Fi and OCC deployments in the forecast period.
Li-Fi and optical camera communications (OCC) are emerging light communication technologies that have gained traction in the past few years in indoor and outdoor wireless communications. Li-Fi is a networked, bi-directional wireless communication technology that uses light to transmit/receive massive amounts of data at higher speeds for short-range communications.
Increasing data volumes, along with the overcrowded Wi-Fi spectrum and demand for sophisticated network security and reliable network speed, spur demand for Li-Fi deployments in the critical and smart infrastructure segments.
However, the high upfront cost of Li-Fi hardware and implementation and delay in integration of Li-Fi in electronic devices are expected to impact demand. The explosive growth of IoT and connected devices in buildings and factories drive demand for Li-Fi deployments in the office, retail, manufacturing industries, and other end-user segments.
OCC is another emerging and promising communication technology anticipated to witness multifold growth through deployments in retail, offices, conferences, exhibitions, and museums for indoor navigation, indoor positioning, push notification, and broadcast communication applications in the next 5 to 7 years.
The study scope includes Li-Fi hardware components and OCC hardware and software components for market sizing and forecast. Li-Fi hardware includes mainly two components:
Key Topics Covered: 1. Strategic Imperatives
3. Growth Opportunity Analysis - North America
4. Growth Opportunity Analysis - Europe
5. Growth Opportunity Analysis - Asia-Pacific
6. Growth Opportunity Analysis - Rest of World
7. Li-Fi and OCC Best Practice Examples and Use Cases
For more information about this report visit https://www.researchandmarkets.com/r/rmjh07
Research and Markets Laura Wood , Senior Manager [email protected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET