Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Light Fidelity Market size is expected to reach $3.6 billion by 2028, rising at a market growth of 46.2% CAGR during the forecast period.
The Microcontrollers segment is showcasing a CAGR of 46.5% during (2022 - 2028). In order for the photodetectors to recognize the LED as 0 or 1, microcontrollers modulate the LED's ON and OFF states. The data transfer is then finished when microcontrollers find the code. As a result, microcontrollers are becoming increasingly common, encouraging their adoption at both the transmitter and receiver end. Furthermore, microcontroller unit or MCU adoption is anticipated to increase during the projected period due to their ability to control the light source and discern even the smallest modulations.
The Healthcare segment acquired maximum revenue share in the Global Light Fidelity Market by End-use in 2021 thereby, achieving a market value of $783.5 million by 2028. The healthcare sector is developing and implementing modern communications to access and store data for many applications, including virtual reality training, robotic surgery, and remote monitoring. These applications all need reliable connectivity. Yet the currently used technologies rely on the RF band, which might be dangerous in hospital environments. Also, the electromagnetic pollution caused by Wi-Fi technology, employed in life-saving devices like MRI scanners, is bad for healthcare facilities.
The North America market dominated the Global Light Fidelity Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.3 billion by 2028. The Europe market is exhibiting a CAGR of 45.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 47.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/light-fidelity-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Panasonic Holdings Corporation, Signify N.V., Renesas Electronics Corporation, Wipro Lighting (Wipro Enterprises Private Limited), pureLiFi Limited, Oledcomm, VLNComm, Velmenni, LiFiComm Tech, and Lucibel SA.
Unique Offerings from KBV Research
North America Light Fidelity Market size & Opportunities 2022-2028
Europe Light Fidelity Market & Growth Forecast 2022-2028
Asia Pacific Light Fidelity Market Share & Industry Outlook to 2028
LAMEA Light Fidelity Market Growth, Trends & Forecasts 2022-2028