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New Study Traces Growth of European Light Fidelity (Li-Fi) Industry in 2016

Press Release   •   Feb 15, 2017 06:00 EST

LiFi is a revolutionary wireless technology that is several times faster than Wi-Fi. LiFi, short for Light Fidelity, is a technology that helps light bulbs function as wireless hotspots, with speeds that are way faster than the current generation of Wi-Fi. A new report featured on MarketResearchReports.biz presents a detailed overview of the European LiFi technology industry for 2016. The report studies every important facet of the technology and its evolution as well as its adoption across various industries. Although a relatively new technology, the blistering speed it proffers has roused the interest of people in Li-Fi. All of these details are captured in the report, titled ‘European LiFi (Light Fidelity) Technology Industry 2016 Market Research Report.’

The report begins with an overview of the global Li-Fi industry and then turns the focus on the European Li-Fi market. Prepared by a team of highly experienced analysts, the report is designed to function as a support tool for making course-altering business decisions.

The market for Li-Fi is finally about to take off commercially with recent tests showing that this wireless technology can deliver speeds that are about a hundred times faster than Wi-Fi. For instance, Velmenni, a startup based in Estonia (Europe), demonstrated that data could be transmitted at speeds of 1 Gbps using Li-Fi. If successfully deployed commercially, Li-Fi could help download high definition films in a matter of seconds, revolutionizing the technology and media industry.

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Spurred by the promise of unprecedented data transfer speeds, governments and technology companies alike have begun to explore how to bring Li-Fi technology to more and more people in Europe. With developed and developing European nations being a hotbed of technology-related innovation, it the prospects of the European Li-Fi market look promising.

An analysis of latest and potential investments in Li-Fi in Europe is conducted in the report. To better demonstrate the potential of the market, the report profiles companies that have made strides in the European Li-Fi industry. These companies include Velmenni, Apple, Sanan, PureVLC, and KingSun. The report presents predictions and forecasts for the European Li-Fi industry for the period ranging from 2016 to 2021.

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The other highlights of the report include an analysis of traders and distributors playing an active role in the development of the European Li-Fi market. Milestone developments in this space are also captured and analyzed in the report. Whether or not making an investment in specific Li-Fi projects is feasible is also studied under the purview of the report. Moreover, the report encapsulates all of the important regulatory moves that have either benefited or hindered the growth of the European Li-Fi industry.

 

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