Semiconductor

  The global Li-Fi market garners substantial traction, witnessing rising usages of wireless communication technology. Li-Fi technology uses light for transmitting data between devices, offering a larger spectrum of connectivity and advantages of higher bandwidth than Wi-Fi. The technology work in environments with electromagnetic sensitivity, including nuclear power plants, hospitals, and aircraft cabins, driving the market demand. Besides, rising uses in industrial and military & defense applications substantiate the market sales. Technological advances in imaging solutions escalate the growth of the market, improving Li-Fi components & devices. According to Market Research Future (MRFR), the global Li-Fi market is poised to create an exponential valuation by 2027, growing at an impressive CAGR during the assessment period (2020 – 2027). Advances and integration of vehicle-to-vehicle (V2V) communication and machine learning can drive the need for Li-Fi to exchange data an...