Light Fidelity Market Overview and Growth Analysis, 2016 to 2024

The global light fidelity (Li-Fi) market is expected to witness substantial growth over the forecast period on account of the increasing adoption of communication technology and a number of internet users. Rising data traffic across the globe is expected to increase the adoption of technology. Rising demand for the reliable, fast and secure network has led to the growth of light fidelity market. Furthermore, the rising consumer usage of data coupled with spectrum crisis has led the internet providers to switch to robust and high-efficiency internet services. Li-Fi is free of charge, unlicensed and secure. Thus, it would be enough to cover the RF crunch effect. Rising indoor monitoring and positioning in the retail sector is expected to foster the market in the forecast period. Increasing applications of a LED-based lighting system in various sectors such as automotive and transportation, smartphones and in-flight communication is anticipated to drive the market growth.