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2020 To 2023
Li-Fi Market Overview
Global Li-Fi Market is expected to grow at approximately USD 51 Billion by 2023, Li-Fi Market is
growing at 70% of CAGR between 2019 and 2023, Li-Fi market has been segmented on the basis
of component, application and end user
Li-Fi market has been segmented on the basis of component, application and end user. The
component segment is further bifurcated into LED, optical sensing, microcontroller, photo
detector and others. Optical wireless technology is enhancing the Li-Fi market by transferring
data at a faster rate. The information carried through wireless optical network is much faster as
compared to other channels. The most important advantage of using wireless optical network is
that, the frequency penetrates through wall and feasibility of installing these networks
anywhere is boosting the utilization of wireless optical network in Li-Fi market.
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