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Showing posts from June, 2022

RF Test Equipment Market Major Players and Forecast 2023

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With a CAGR of 4.92 % to 2023, the   RF Test Equipment Market   is anticipated to grow from USD 2.41 billion in 2017 to USD 3.21 billion by 2023. Modular RF Test Equipment to grow at the highest rate during the forecast period The forecast period is expected to have the greatest CAGR on the market for modular RF test equipment. This is explained by features like its high-precision performance and capacity for real-time management and analysis of massive datasets. Additionally, modular devices have the capacity to organise and instantly evaluate big datasets. One of the main factors contributing to its quicker growth is the fact that OEMs were able to provide cost-effective equipment and high-performing modular system components thanks to National Instruments' (US) introduction of the PXI (PCI extensions for instrumentation) standard as an extension of Compact PCI. RF Test Equipment with a frequency range of 1 GHz to 6 GHz hold the largest share during the forecast period Many ...

GIS Market Size, Share, Business Opportunities, Forecast 2025

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At a CAGR of 12.4% from 2020 to 2025, the market for geographic information systems (GIS) is anticipated to increase from USD 8.1 billion in 2020 to USD 14.5 billion by 2025. Smart city development and urbanisation, business intelligence technology integration with geospatial technology, and the use of GIS solutions in the transportation industry are a few of the major reasons boosting the market's expansion. Key Players: Major players involved in the  GIS Software Market  include Autodesk Inc. (US), Bentley System, Inc. (US), Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US). The other players in this market include Maxar Technologies Inc. (US), Hi-Target Surveying Instrument Co. Ltd. (China), TomTom International (Netherlands),SuperMap Software Co., Ltd (China), General Electric Co. (US), FARO Technologies, Inc. (US), L3Harris Technologies, Inc. (US), Takor Group Ltd. (Au...

Distributed Fiber Optic Sensor Market Growth, Size, Share, Opportunities, Forecast 2026

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At a CAGR of 9.7%, the   Distributed Fibre Optic Sensor Market   Size is anticipated to increase from USD 0.9 billion in 2021 to USD 1.5 billion by 2026. The influence of COVID-19 was a major factor in the market's collapse in 2020. It is anticipated that the pandemic's disruption of the supply chain will have a considerable impact on the market. Additionally, because to travel restrictions brought on by lockdown regulations, businesses were unable to acquire the manpower they needed for their operations, which had an impact on manufacturing and production processes. Even if the market suffered in 2020, a full recovery is anticipated by 2021. The growth of the Distributed Fiber Optic Sensor Market is being driven by the quick digitization and automation to meet the rising demand for productivity, efficiency, and safety in various processes, as well as the growing adoption of distributed sensors in applications like pipeline monitoring, structural health monitoring, border moni...

Power Electronics Market Size, Share, Growth Analysis and Forecast 2026

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By 2026, The   Power Electronics Market   is anticipated to rise from USD 37.4 billion in 2021 to USD 46.3 billion, expanding at a CAGR of 4.4 percent. The main market drivers for power electronics are anticipated to be the rising usage of power electronics in consumer products, the rapid development of EVs, and increased deployment of renewable energy sources. Furthermore, it is anticipated that increased production of wide bandgap semiconductors would present potential for market expansion over the long run. The Power Electronics Market is a developed industry with a crowded field of competitors. New product releases and deals are two major tactics used by leading players to expand their presence in the market, grow their market share, and improve their product portfolios. For instance, in July 2020, STMicroelectronics (Switzerland) introduced 26 new Schottky diodes with voltage ratings ranging from 25 to 200V and current ratings ranging from 1 to 5A. These devices were hous...

Automated Test Equipment Market Noticeable Growth, Size, Share, Business Opportunities, Forecast 2027

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The   Automated Test Equipment Market   is expected to grow from USD 7.0 billion in 2022 to USD 8.8 billion by 2027; it is expected to grow at a CAGR of 4.7 % during the forecast period. The growth of the Automated Test Equipment Market is expected as automated test equipment process reduces manufacturing time and costs and has huge opportunity in automotive sector. Major Players in the Automated Test Equipment Market have primarily adopted acquisition and collaboration strategies to strengthen their position in the market. In January 2022, Chroma ATE acquired 100 percent of the shares of Environmental Stress Systems, Inc. (ESS). The main product of ESS consists of thermal forcing systems that can reach temperatures ranging from 104°C to +175°C. This technology will enable Chroma ATE to grow its expertise in temperature control in semiconductor test equipment and meet the testing requirements of the wafer market for extremely low and high temperatures. In September 2021, Natio...

Modular Robotics Market Size, Share, Growth and Demand Forecast 2023

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Due to its advantages and features, collaborative modular robots are becoming more and more popular, which is a factor driving the growth of the   Modular Robotics Market . Articulated Modular Robots to hold largest share of market by 2018 By 2018, articulated modular robots are anticipated to account for the largest portion of the modular robotics market due to their rapid acceptance in the metal and machinery and automotive industries for handling heavy metal components and sheets, respectively. Market for metals and machinery to grow at highest CAGR during 2018–2023 The metals and machinery industry's modular robotics market is anticipated to develop at the highest CAGR during the projection period. This industry has experienced a recent rise in the demand for automation and has quickly responded by gradually substituting robotics for manual or less flexible automated operations in addition to other technologies like motion control and machine learning. Modular Robotics Market i...

Industrial Sensors Market worth USD 31.9 Billion by 2026

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Industrial 4.0 and IIoT are two major trends driving this market's expansion, along with increased wearable device demand for smart sensors and industrial sensor technology improvements. In the midst of COVID-19, there is a significant demand for industrial sensors for effective industrial operations due to predictive maintenance's potential to provide lucrative opportunities to   Industrial Sensors Market   Players and the growing demand from automobile manufacturers to deliver improved safety and comfort for smart sensors. Level Sensors Market to dominate in 2020 In 2020, the level sensor market was expected to be the largest. To find and gauge the level of liquids, bulk solids, and other fluids, a level sensor is employed. Either the level measurement is continuous or it is expressed as a set of point values. Level sensors are necessary for a number of reasons, including monitoring and/or controlling of continuous or point levels, as well as the necessity for precision, aes...

MMIC Market Noticeable Growth, Size, Share, Opportunities, Forecast 2027

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The   MMIC Market   was valued at USD 9.7 billion in 2022 and is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 11.9% during the forecast period from 2022 to 2027. The key factors driving the growth of the MMIC Market include increased demand for MMICs from the smartphone industry, the adoption of E band to meet the growing bandwidth requirements of cellular and wireless networks, increased defense spending of countries for the upgrade of their defense inventories, and the growing adoption of next-generation warfare techniques. Evolution of 5G technology and increase in the number of space programs worldwide are creating opportunities for the MMIC market. Some of the key companies in the MMIC Market are Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), MACOM Technology Solutions Holdings, Inc. (US), Qorvo, Inc. (US), Skyworks Solutions, inc. (US), Infineon Technologies AG (Germany), Mini-Circuits (US), OMMIC (France), WIN Semiconductors Corp....

Cable Blowing Equipment Market Manufacturers, Prominent Growth, Demand Analysis 2027

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Cable Blowing Equipment is used in installation of fiber optic cable underground or overground. With the help of this equipment, fiber is blown into ducts/conduits/pipes to thousand feets. The market is matue in nature, with the presence of small and medium size manufacturers, offering Cable Blowing Equipments. The   Cable Blowing Equipment Market   is projected to reach USD 133 million by 2027, growing at a CAGR of 4.8% from 2022 to 2027. This report covers key power types, namely, hydraulically powered, pneumatically powered, electric-driven, and drill-driven Cable Blowing Equipment. The use of Cable Blowing Equipment Market is supplemented by the increasing use of IoT and connected applications. The Key Players operating in the Cable Blowing Equipment Market include Plumettaz S.A (Switzerland), Condux International, Inc. (US), General Machine Products (KT) LLC (US), Fremco (Denmark), and LANCIER CABLE GmbH (Germany). Plumettaz S.A. is a designer, manufacturer, and distribut...

Smart Lock Market Noticeable Growth, Size, Share, Opportunities, Forecast 2027

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During the Forecast Period, market participants should benefit from the growing usage of IoT-based security systems and growing urban infrastructure in emerging nations. The  Smart Lock Market  includes major Tier I and II players like ASSA ABLOY AB (Sweden), dormakaba Group (Switzerland), Spectrum Brands, Inc. (US), SALTO Systems, S.L. (Spain), Allegion plc (Ireland), and others. These players have a strong market presence for Smart lock across various countries in North America, Europe, APAC, and RoW. Rising adoption of smartphones and other connected devices The market for smart locks is strongly supported by the rising demand for tablets, smartphones, and other connected devices. In many wealthy economies, smartphone use is growing quickly. The demand for smartphones will likely continue to be driven by emerging markets like China, India, Malaysia, and Indonesia. Companies are being encouraged to deliberately spend more in smartphone-based applications and mobile...

Temperature Sensor Market Growth, Analysis and Forecast 2028

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The growth of the   Temperature Sensor Market   is being driven by the persistent need for temperature sensors, which are used in products like wearable bands, smartphones, and patient monitoring devices from sectors like consumer electronics and healthcare. The need for dependable, high-performing, and affordable sensors has grown over the past several years, which has sparked the creation of new technologies like micro and nanotechnology, which provide advantages including miniaturisation, low power consumption, and mass production. The high initial cost of sophisticated sensors, however, is anticipated to impede market expansion. Key Market Players In 2020, the Temperature Sensor Market was dominated by Honeywell International Inc. (US), TE Connectivity Ltd. (Switzerland), Texas Instruments Incorporated (US), Endress+Hauser Management AG (Switzerland), and Siemens AG (Germany). Wireless Temperature Sensors are projected to witness the highest CAGR for the forecast period Du...

Flow Battery Market Key Strategies, Application, Technology, Trends and Opportunities 2026

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The Flow Battery Market in APAC is expected to grow at the highest CAGR from 2021 to 2026 APAC is expected to hold the largest growth rate of the Global  Flow Battery Market  during the forecast period. APAC has several operational flow battery installations with large power ratings. Australia has the most flow battery projects for utilities, residential, industrial, and commercial applications from various players across the world, whereas China holds the highest capacity of flow batteries installed to date among other countries in the region. The growth of the region is attributed to the increasing demand for flow batteries in major countries such as Japan and Australia. Besides, the growing adoption of energy storage solutions in industrial, utilities, and other applications, rising demand for flow batteries from the grid and microgrid applications in India and China, and increasing number of operational projects with flow battery installations are expected to fuel the grow...

Lithium-Ion Battery Market Manufacturers, Prominent Growth, Demand Analysis 2030

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The rising demand for plug-in vehicles, rising need for battery-operated material-handling equipment in industries due to automation, rising demand for plug-in vehicles, ongoing development of smart devices, and growing adoption of lithium-ion batteries in the renewable energy sector are the main factors driving the growth of the   Lithium-Ion Battery Market . Key Players BYD Company (China), LG Chem (South Korea), Contemporary Amperex Technology Co. Ltd. (CATL) (China), Samsung SDI (South Korea), Panasonic Corporation (Japan), BAK Group (China), GS Yuasa Corporation (GS Yuasa) (Japan), Hitachi (Japan), Clarios (Germany), and Toshiba Corporation (Japan), are some of the major players in Lithium-Ion Battery Market. 10,000–60,000 MAh Lithium-Ion Battery accounted for the larger size of the Lithium-Ion Battery Market in 2020. In 2020, the 10,000–60,000 MAh market category held the greatest market share. For high-capacity applications like electric vehicles, plug-in hybrid electric veh...

Hyperloop Technology Market Noticeable Growth, Size, Share, Opportunities, Forecast 2026

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Reduced travel times and transportation costs are the main drivers boosting the demand for   Hyperloop Technology Market . The construction of a hyperloop network takes less land area, is less expensive and requires little maintenance of the infrastructure, is resilient to earthquakes and other natural disasters, and emphasises solar energy for energy consumption. However, the lack of public awareness of hyperloop transportation technology, the lack of government and bureaucratic regulation of hyperloop transportation technology, and safety and security issues are predicted to impede market expansion. Guideway is attributed to holding a major share of the Hyperloop Technology Market Guideway is attributed to holding a major share in the coming years owing to the increasing construction of elevated structures depending on the terrain of the tracks. Freight transportation is expected to grow at the highest CAGR in the coming years Freight transportation is expected to grow at the hig...

Mobile Augmented Reality Market Revenue, Major Players and Forecast To 2025

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Key Players: Major Vendors in the  Mobile Augmented Reality Market  include Google (US), PTC (US), Apple (US), Wikitude (Austria), Samsung Electronics (South Korea), Blippar (UK), MAXST (South Korea), Magic Leap, (US), Upskill (US), and Atheer (US). Apart from these, Talespin (US), Scanta (US), Craftars (Romania), Appentus Technologies (India), and BidOn Games Studio (Ukraine) are among a few emerging companies in the Mobile Augmented Reality Market. Market for Mobile Augmented Reality Services is projected to grow at a higher CAGR during the forecast period Cloud computing-based AR is used to compare captured images with those in the database and send back relevant information to the mobile device. The mobile device further processes the image and detects, resizes, and generates 3D images. From productivity enrichment, feature enhancement to regular functionality updates, AR mobile app maintenance and support services help users to make their apps convenient to use. It includ...

5G Infrastructure Market Manufacturer and Regional Forecast 2027

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5G Infrastructure Market Key Players: The major players in the  5G Infrastructure Market  are Huawei (China), Ericsson (Sweden), Samsung (South Korea), Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (US), CommScope (US), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel), and Mavenir (US). Small Cell for 5G Infrastructure held the largest market share in 2019 The market growth of small cells is attributed to low-power wireless access points that provide better quality cellular coverage and capacity for homes, enterprises, metropolitan public spaces, and rural public spaces. In the 5G network, customers expect high speed of data communication with high reliability, which acts as one of the major challenges for network operators. To overall come this challenge, network operators look forward to deploying small cells on a large scale as an alternative to address the need for high speed and highly reliable data communication. Networ...

LED Light Engine Market Share, Demand, Driving Factors and Forecast 2024

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“Luminaires to record highest CAGR in LED Light Engine Market during forecast period” The luminaire subsegment is expected to grow at the highest rate as it is the main component of an LED Lighting System. Increasing consumer awareness about conserving energy and installing light systems with high energy efficiency is expected to boost the  LED Lighting Market  for luminaires. “Market for retrofit installations to grow at highest CAGR during forecast period” In the LED Light Engine Market, by installation type, retrofit installations are expected to experience the highest growth. Increasing replacements of incandescent lamps with energy-efficient light sources, such as LED lamps is the major factor contributing to the growth of the market for retrofit installations for LED Light Engines. The old generation lamps are being slowly phased out and fixtures are being retrofitted with LED lamps as they offer longer operational life and consume less energy. “Residential indoor lighti...