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Showing posts from February, 2023

Automotive and Transportation Industry to Drive Ultra Wideband (UWB) Market Growth to $2.7 Billion by 2025

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The   Ultra-Wideband (UWB) Market   is anticipated to increase from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, expanding at a CAGR of 19.6%. Real-time location systems (RTLS) applications' growing need for UWB technology and the Industrial Internet of Things' rising usage are driving the market (IIoT). The UWB market is expanding as a result of the expanding use of UWB technology in mobile devices and developments in new markets such wireless sensor networks. These elements are giving UWB technology a wider application range, which will improve market adoption and growth potential. Key Players: Some of the Major players in the Ultra-Wideband Market are DecaWave Ltd. (acquired by Qorvo (US)), Apple Inc. (US), Pulse Link, Inc. (US), NXP Semiconductors N.V. (Netherlands), Texas Instruments (US), Samsung Electronics Co., Ltd. (South Korea), among others. These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, ...

Battery Management System Market to Benefit from Growing Automotive Sector

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A recent market research analysis predicts that the   Battery Management System (BMS) Market   would increase at a compound annual growth rate (CAGR) of 18.7% from 2023 to 2028, from USD 7.8 billion to USD 18.4 billion. An electronic device known as a BMS monitors and controls the operations of rechargeable batteries. Its features include controlling power output, displaying the battery pack's charging and discharging status, enabling vital safety measures to protect the batteries from harm, and extending battery life and efficiency. The bulk of BMS are used with lithium-ion batteries, although they can also be utilised with sophisticated lead-acid, flow, nickel-based, and other high-energy batteries. The market is further segmented by type, battery type, topology, application, and geography in the report. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234498189 The Lithium-ion battery segment is expected to grow at the highest CAGR ...

Automotive and Aerospace Industries to Drive Industrial Sensors Market Growth

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The   Industrial Sensors Market   is anticipated to increase from USD 20.6 billion in 2021 to USD 31.9 billion by 2026, at a CAGR of 9.1% over the course of the forecast period, according to a new analysis by MarketsandMarketsTM. The rise in demand for smart wearable devices with sensor capabilities, Industrial 4.0 and IIoT usage in manufacturing, and technological developments in industrial sensors are all cited as reasons for the expansion. The automotive industry is increasingly demanding smart sensors to give greater safety and comfort, which is boosting the demand for industrial sensors for effective industrial operations. Predictive maintenance is anticipated to present lucrative prospects for market participants. In general, it is anticipated that the industrial sensors market would keep expanding in the next years. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108042398 Industrial sensors are specialised tools utilised in end-use...

European Battery Technology Market: Key Factors Driving Growth

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MarketsandMarketsTM estimates that the   Battery Technology Market   will be valued USD 95.7 billion in 2022 and will rise at a 7.4% CAGR to reach USD 136.6 billion by 2027. This growth is linked to the rising popularity of different batteries in the renewable energy sector as well as the rising demand for battery-operated electric vehicles. Due to the continuously rising number of battery installations, the utilities sector is a significant contributor to the expansion of the market for battery technology. The transition towards renewable energy and the significance of energy storage in the current world are highlighted by the spike in battery demand. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253343109   Lithium-ion battery is expected to hold the largest growth rate during the forecast period. The rising popularity of electric vehicles, stringent government fuel economy rules, and the rising demand for smart devices and other ...

Oil and Gas Vertical to Drive Demand for Distributed Fiber Optic Sensor Market

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The   Distributed Fiber Optic Sensor Market   is predicted to increase significantly, from USD 0.9 billion in 2021 to USD 1.5 billion by 2026, at a compound annual growth rate (CAGR) of 9.7%. The paper emphasises the expanding use of distributed fibre optic sensors across a range of sectors, including infrastructure, safety and security, oil and gas, and more. The market expansion can be attributed to the quick adoption of distributed sensors in applications such as pipeline monitoring, structural health monitoring, border monitoring, and control, as well as the rapid digitization and automation of processes to increase productivity, efficiency, and safety. Along with providing insights into market trends, opportunities, challenges, and restraints, the research also offers a complete study of the fibre type, scattering process, operating principle, application, vertical market, and region. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?...

Hyperloop Technology Market Booms with Growing Need for High-Speed Transportation Systems

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Over the following five years, there will likely be tremendous expansion in the   Hyperloop Technology Market . The market is expected to grow from USD 1.2 billion in 2021 to USD 6.6 billion by 2026, according to a report. From 2021 to 2026, this translates into a Compound Annual Growth Rate (CAGR) of 40.4%. The key players in the hyperloop technology market include Virgin Hyperloop (US), Hyperloop Transportation Technologies (US), Hardt B.V. (Netherlands), Zerelos (Spain), Nelove (Poland), AECOM (US), The Boring Company (US) and Transpod (Canada). The players in this market have adopted various strategies to expand their global presence and increase their market shares. Guide way segment for hyperloop technology market to account for largest market share during forecast period Throughout the anticipated time frame, the guide way sector is anticipated to hold the greatest market share in the hyperloop technology industry. The guiding path, which consists of tubes and switches that ...

Smart Container Market Booming, Projected to Reach $9.7 Billion by 2027

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Many industries, including the shipping and logistics industry, are seeing an increase in the use of IoT devices. One example of how Internet of Things technology is transforming this industry is the creation of smart containers. Smart containers have sensors and other Internet of Things (IoT) gadgets that let them keep an eye on and control many aspects of the logistics and shipping process. These tools allow shipping organisations to more effectively track and manage their inventory, lower the possibility of loss or damage, and boost logistical efficiency. As more businesses come to understand the advantages of IoT technology in logistics and shipping, it is anticipated that the use of smart containers will continue to rise. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194648249 Key Players: Major players in the  Smart Container Market  include MSC (Switzerland), Sealand – A Maersk Company (US), Globe Tracker (Denmark), Traxens (Franc...

Increasing demand for advanced technology in consumer devices to drive the Quantum Dot Market

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Consumer vertical to dominate quantum dot market during the forecast period. Market analysis predicts that in the upcoming years, the consumer industry will dominate the  Quantum Dot Market . The popularity of quantum dot technology is growing as a result of its excellent display and energy-saving attributes. The consumer goods sector, which includes items like smartphones, TVs, PC monitors and laptops, tablets, and smart wearables, is anticipated to be the main driver of market expansion for quantum dot displays. As a result, it is anticipated that during the forecast period, this industry would account for a sizeable portion of the worldwide Quantum Dot Market. The demand for quantum dots in the consumer market is primarily driven by the rising demand for consumer electronics with cutting-edge technology and expanding economies worldwide. Since televisions frequently use quantum dots and there is growing demand for larger, higher-resolution products, it is anticipated that the pe...

Wearable Sensors Market to See Massive Growth in Asia Pacific

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According to a MarketsandMarkets analysis, there will be a significant increase in the   Wearable Sensors Market . The market is predicted to increase from USD 189.4 Million in 2015 to USD 1,654.0 Million by 2022, exhibiting a CAGR of 30.14% between 2016 and 2022, according to the analysis. The market is anticipated to develop as a result of the rising demand for wearables in fields like fitness and health monitoring as well as the growing use of wearables in commercial and industrial settings. The main categories of wearable sensors are characterised as accelerometers, magnetometers, and gyroscopes, with wristwear, eyeglasses, and bodywear being the main applications.  The Wearable Sensors Market  is expanding as a result of the growing tendency for smaller, more intelligent, and less expensive sensors as well as the shrinking trend in sensors. Wearable technology is anticipated to have a substantial positive impact on the healthcare industry, resulting in a rise in the ...

North America to Witness Second-Highest CAGR in Current Sensor Market

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The   Current Sensor Market   is expected to experience significant growth over the next few years. The market, which was valued at USD 2.3 billion in 2021, is predicted to reach USD 3.8 billion by 2026, representing a compound annual growth rate (CAGR) of 10.8% during the forecast period. Factors driving this growth include an increasing demand for current sensors in automotive, healthcare, and consumer electronics applications, as well as the growing use of renewable energy sources. Additionally, the report highlights the rising adoption of electric and hybrid vehicles and the growing trend of Industry 4.0 as key factors that will fuel the growth of the Current Sensor Market in the coming years. Due to a number of important variables, the Current Sensor Industry is anticipated to expand significantly. The rising popularity of battery-powered devices and a focus on renewable energy sources are two major factors that have raised the need for current sensors. The...