Published On : 06 Sep 2016
The growing need for technological solutions that consume low power is fueling the demand for light fidelity (Li-Fi) technology market, suggests a new report featured on QYResearchReports. The report is titled, ‘United States Li-Fi (Light Fidelity) Technology Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021.’
The report is an in-depth overview of the Li-Fi technology industry, including its definition, applications, specifications, classifications, industry chain structure, industry overview, and policy analysis. The competitive landscape analysis and development history are also included. The important regulations affecting the growth of the Li-Fi technology market are studied. The analysis of Li-Fi technology sales, production, supply, and market status is given. The supply and consumption gap and the cost, price, revenue, and gross margin of Li-Fi technology have been included in the report.
The light fidelity technology market is in its nascent stage and thus, this technology is used for niche applications, which is helping the market to grow. Players are investing extensively in research and development, which is expected to ensure a substantial growth in the Li-Fi technology market in the U.S. R&D is enabling the development of efficient LED components used in Li-Fi systems that consume low power and provide higher illumination, thus helping market players to have a competitive edge above others. The government support for smart LED bulbs in the U.S. is also expected to offer a massive opportunity for growth in the Li-Fi technology market.
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Newer applications of fixtures embedded with light in retail shops, supermarkets, and hotels are expected to drive the revenue of Li-Fi technology market. The use of LEDs in headlights and tail lights in vehicles, gaming consoles, smart stores, and consumer buildings is also benefitting the U.S. Li-Fi technology market.
The rising data traffic owing to an overuse of RF spectrum and the increasing adoption of communication systems are helping the market to grow in the U.S. Since Li-Fi technology promises exceptional data transfer speeds, companies and the U.S. government are exploring the technology. The deployment of Li-Fi commercially is expected to enable the downloading of high definition videos and movies in few seconds. This is expected to revolutionize the technology and media industry. On the other hand, high repair and installation costs are expected to hinder the large scale implementation of this technology. Limited awareness about the benefits of Li-Fi technology is also anticipated to hamper the adoption of this technology in the U.S.
Key companies operating in the U.S. light fidelity technology market are PureVLC, KingSun, Apple, Sanan, and Velmenni. The company profile, business and financial overview, and their recent developments have been included in the report. The challenges faced by each of the companies and the business strategies adopted by them to grow and earn high revenues in the market have also been given.