Li-fi in Process Automation Market - Industry Analysis, Growth and New Market Opportunities Explored

Li-Fi was introduced in 2011 by Harald Haas, a German professor and physicist from the University of Edinburgh, Scotland. Li-Fi is an advanced photosensitive wireless communication technology that is used to provide unprecedented connectivity within a confined data centric environment. Li-Fi generally uses LED or some other light source for transmitting the data. A complete change in wireless technology is expected due to rising demand for faster, more protected, and secure data transmission.

However, accessing internet through Li-Fi technology is only possible in the presence of light, consequently making it difficult to access internet in dark places. This is primarily because light is the medium through which data is communicated, and the lights/bulbs have to be kept switched on regardless of the hour of the day.

Request A Sample Of This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36485

Wireless technology is an important business enabler for the automation world. In process automation, Li-Fi networks serve as a backbone for data concentration and networking. It is unceasingly adopted by many industrial sectors owing to factors such as reliability, cost effectiveness, flexibility, and fast deployment. This technology can be used in combination with short-range, low-power devices in a wireless field system to assemble data from the gateway, further directing it to the control room or other data collection point. For instance, a healthcare monitoring hospital system enabled with Li-Fi technology would be able to safeguard a patient’s body. This technology allows clinicians to monitor patients remotely and give them appropriate health information, reminders, and support.

In the automation world, Li-Fi technology is used for various applications such as medical applications, cheaper internet in aircrafts, education systems, underwater applications, disaster management, traffic management, and applications in sensitive areas.

View Table of Contetnt - https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=36485

The global Li-Fi in the process automation market is witnessing growth due to factors such as imminent RF spectrum crunch and growing adoption in industries such as aerospace, retail, defense & aviation. Apart from this, technological superiority over the currently prevailing Wi-Fi technology is attracting end-users, which is consequently fueling the demand for this technology across the world. Furthermore, rising adoption of LED worldwide due to benefits such as higher efficiency, longer life span, and lower maintenance is also expected to fuel the growth of this market.

On the flip side, the lack of awareness about the advantages offered by the technology is adversely impacting the growth of this market. Besides this, limited range of communication is also expected to hinder the growth of Li-Fi in the process automation market.

Growing adoption of advanced technologies such as smart LED lighting solutions for public spaces like stations, airports, commercial buildings, and private homes, is expected to create new opportunities for the global Li-Fi in process automation market.

View Report - https://www.transparencymarketresearch.com/lifi-process-automation-market.html

The global Li-Fi in process automation market can be segmented on the basis of component and end-use industry. By component, the market is segmented into LED, microcontroller, and photo detector. Furthermore, on the basis of end-use industry, the global market is segmented into IT & telecom, retail, electronics, automotive & transport, defense & security, healthcare, aerospace & aviation and others.

The market in North America is anticipated to witness noteworthy growth during the forecast period. Li-Fi technology is much more cost and environment friendly as compared to Wi-Fi, which in turn is attracting customers to adopt this technology. Canada and the U.S are expected to be among the early adopters of Li-Fi technology. Asia Pacific is also expected to bring potential growth opportunities to stir the market in the coming years. Government promotions for LED bulbs in developed and developing countries is also expected to help in expansion of Li-Fi in process automation across the region.

Major players in the global Li-Fi in process automation market includes General Electric, LVX System, Koninklijke Philips N.V., PureLifi Ltd., Oledcomm S.A.S., Alcatel-Lucent, Hewlett-Packard Enterprise (HPE), Cisco Systems, Inc., Renesas Electronics Corp., IBSENtelecom Ltd., Velmenni, and Fujitsu Limited.