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Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) Market 2019Description: -
Wireless Fidelity (Wi-Fi) is a member of the radio technologies family used for wireless local area networking (WLAN). Compatible devices can connect to each other over a Wireless Fidelity (Wi-Fi) network.This is enabled via wireless access points. After establishing a successful connection, the device can be used to access the Internet. The most commonly used bandwidth in Wireless Fidelity (Wi-Fi) is 2.4 GHz and 5 GHz. A wide range of applications and devices such as mobile phones, laptops, desktops, tablets, gaming consoles, home networks, operating systems, and consumer electronics are supported by Wireless Fidelity (Wi-Fi).
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Key Players
pureLiFi, IBSENtelecom, Alcatel-Lucent, Ericsson, Hewlett-Packard Enterprise (HPE), Cisco, Lucibel, Ruckus Wireless, GE Lighting, Renesas Electronics Corp., LIGHTBEE, Velmenni, and Oledcomm S.A.S.
Light Fidelity (Li-Fi) is a wireless communication technology which uses light to transmit data between two devices. Data is transmitted at high speeds over the visible light, UV, and infrared spectrums. The major technical difference between Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) is that Wireless Fidelity (Wi-Fi) transmits data over radio frequencies whereas Light Fidelity (Li-Fi) transmits data using light. The most notable advantage of using Light Fidelity (Li-Fi) over Wireless Fidelity (Wi-Fi) is that it works on a wider bandwidth channel. In Light Fidelity (Li-Fi), since data cannot be intercepted without a clear line of sight, the connection is more secure.
The drawback of Wireless Fidelity (Wi-Fi) is that its transmission many a time interferes with the electronic working of of components in aircrafts, hospitals, and military. Light Fidelity (Li-Fi) is a better alternative in such places because they are not susceptible to interactions from Light Fidelity (Li-Fi). As a service market in the US, Wireless Fidelity (Wi-Fi) market is projected to grow to $6.1 billion by 2023. The main factors adding to the growth of Wireless Fidelity (Wi-Fi) are reduction in the cost of ownership, quick deployment of wireless networks, and increased demand for wireless network coverage.
Segmentation:
Market analysis of both Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) market in this report are segmented by three types. First is by product type - unidirectional and bidirectional transmission. The second segment is based on market - IT and Telecom, BFSI, Retail, Healthcare, Education, Public Sector, Automotives, and Defense and Security. For Light Fidelity (Li-Fi) market segment comprises Underwater Applications, Aerospace, Education, Healthcare, Traffic Management, Defense and Security, and Indoor Networking.
Regional Analysis:
The third segment of market analysis is by region - America (US, Canada, Brazil, Mexico), Europe (UK, Germany, France), Asia Pacific (India, China, South Korea), and Middle East and Africa (UAE, South Africa). The market analysis by region for Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) market involve the same geographical areas.
In 2018, India sold over 204 million Wireless Fidelity (Wi-Fi) devices. Owing to the increased demand for wireless network connectivity even in the most remote areas, the Asia Pacific Wireless Fidelity (Wi-Fi) market is expected to grow the highest when compared to other regional service markets. For the forecast period of 2019-2024, Light Fidelity (Li-Fi) as a service market is expected to grow at a CAGR of 70.54%.
Industry News:
In February 2019, the new ICX 7850 switch was launched. The motive of this switch is to simplify multi-gigabit network upgrades. Since it enables quick linear scaling, it reduces the cost of enterprise ownership.
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Table of Contents – Major Key Points
• Industry Outlook
• Report Outline
• Market Snapshot
• Market Outlook
• Market Characteristics
• Wi-Fi Market
• Li-Fi Market
• Vendor Profiles
Continued….
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