Light Fidelity Market Analysis By Global Industry Size, Share, Trends, Opportunity and Forecast 2024
Global Light Fidelity market is expected to grow at a double digit CAGR during the forecast period, owing to faster speed of data transmission, enhanced data security, no electromagnetic interference, and less power consumption. Based on the component, the Global Light Fidelity market has been segmented into LED, Photodetector, Software and Microcontroller. The software segment accounted for the largest share of the market in 2017 and is expected to grow at higher rate during the forecast period due to two-way communication by the Visible Light Communication(VLC) technology and efficient software support. Photodetector segment is expected to grow at the highest CAGR during the forecast period due to the commercialisation of bidirectional Visible Light Communication. Based on the transmission type, the Global Light Fidelity market is categorised into Unidirectional and Bidirectional. Bidirectional VLC is expected to grow at a higher rate during the forecast period, owing to the fact th...