Semiconductor and Electronics

The global automotive sensors market was valued at USD 24.3 billion in 2020 and is estimated to reach USD 47.5 billion by 2026, registering a CAGR of 13.6% during the forecast period. Rising adoption of autonomous vehicles and growing inclination of consumers toward alternative fuel vehicles to reduce GHG emissions are the major driving factors for the growth of automotive sensors market. The OEM segment is expected to lead the automotive sensors market during the forecast period due to the rising demand for sensors in modern vehicles. Sensors are an essential component in automotive systems for the safe, comfortable, and economic operation of vehicles. The extreme conditions in automotive applications such as heat, cold, or continuous vibrations create a high demand for sensors that are highly reliable and resilient. Moreover, the newly mandated sensors-based features such as clear surrounding visuals, automatic vehicle speed control, and vehicle location tracking also drive the gr...

The precision farming market is expected to grow from USD 8.5 billion in 2022 to USD 15.6 billion by 2030 ; it is expected to grow at a CAGR 7.9% from 2022 to 2030 . The most significant factors driving the growth of the precision farming market is the Rapid adoption of advanced technologies in precision farming to reduce labor cost, Increased adoption of Internet of Things (IoT) devices in agricultural fields, Substantial cost savings associated with precision farming, Climate change and need to meet rising demand for food and Increasing promotion of precision farming techniques by governments worldwide. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1243 Precision farming has the potential to transform the agriculture industry by integration of smartphone applications with precision farming equipment. Rising use of A-I based solutions and growing adoption of technologically advanced equipment and tools in agriculture industry. The Americas regio...

The global machine condition monitoring market is projected to grow from USD 2.8 Billion in 2022 to USD 4.0 Billion by 2027, at a CAGR of 7.8% during the forecast period. Rising inclination toward real-time condition monitoring through highly secure cloud computing platforms and increasing use of predictive maintenance techniques by industry players are expected to fuel the growth of machine condition monitoring market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363 The power generation industry is expected to account for the largest market share in 2022. Power generation plants comprise gas turbines, steam turbines, water pumps, etc. Mechanical components in these systems must be monitored for the temperature parameter to prevent electrical failures and avoid the risk of fire in the power generation plant. Machine condition monitoring systems enable power generation companies to carry out offline and real-time system data analysis and fac...

The smart agriculture market is expected to grow from USD 12.9billion in 2021 to USD 20.8 billion by 2026; it is expected to grow at a CAGR of10.1% during the forecast period. The smart agriculture market has been witnessing significant growth over the past years, mainly owing to the advancement in technologies implementation like artificial intelligence and the internet of things in smart agriculture products and hence the market is expected to grow in the coming years. The market for automation and control systems is projected to grow at a higher CAGR during the forecast period. Automation and control systems are the core components of precision farming equipment. Increasing adoption of automation and control systems, such as GPS/GNSS receivers, irrigation controllers, and guidance and steering systems, has created a new approach to farming practices, which is boosting the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239736790 ...

The global semiconductor bonding market size is projected to grow from USD 887 million in 2021 to USD 1,059 million by 2026; it is expected to grow at a CAGR of 3.6% from 2021 to 2026.The increasing adoption of stacked die technology in IoT devices is driving the growth of the semiconductor bonding market. Advancements in the automotive sector, such as self-driven cars, connected vehicles, and electric vehicles, have increased the demand for MEMS, LEDs, photodiodes, image sensors, power devices, and other components. Moreover, due to the rising concerns regarding the safety of drivers and passengers, automobile manufacturers are also using MEMS and optoelectronics in a wide variety of passenger safety applications, such as airbag systems, vehicle dynamics systems, active suspension systems, and engine management systems. Such automotive assemblies require high-precision packaging, which can be done using bonding equipment. Thus, the implementation of technologically advanced bonding...

The global pressure transmitter market size is expected to grow from USD 2.9 billion in 2022 to USD 3.5 billion by 2027, at a CAGR of 3.6%. The growth of the pressure transmitter market can be attributed to the growing necessity for implementation of industrial automation across process industries and increasing importance of predictive maintenance and real-time data analysis. However, complexity in installation of pressure transmitters, lack of skilled workforce, and increasing necessity for frequent upgrades are some of the restraints and challenges for the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 The pressure transmitter market is witnessing steady growth owing to several factors including government initiatives to boost productivity of food & beverage industry in Europe and increasing water desalination infrastructure in the Middle East. Increasing potential of mining industry in Africa and rapidly growing chemical industr...

The Vertical Farming market is expected to grow from USD 3.1 billion in 2021 to USD 9.7 billion by 2026; it is expected to grow at a CAGR of 25.0% during the forecast period. The major driving factors for the growth of the vertical farming market include high yield associated with vertical farming over conventional farming, year-round crop production irrespective of weather condition, advancements in light-emitting diode (LED) technology and requirement of minimum resources. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221795343 Based on the growth mechanism, the vertical farming market has been segmented into hydroponics, aeroponics, and aquaponics. These growth mechanisms do not include the use of soil, enabling farmers to establish farms indoors and carry out farming at any location irrespective of the climate. In countries where the climate remains cold for the maximum time of the year and the quality of soil is not favorable for farming, the...

According to MarketsandMarkets, the building information modeling market was valued at USD 5.4 billion in 2020 and is projected to reach USD 10.7 billion by 2026. It is expected to grow at a CAGR of 12.5% during the forecast period.   Rising adoption of remote working due to COVID-19, rapid rise in urbanization globally, wide-ranging benefits of BIM realized by AEC industry, and growing government initiatives for adoption of BIM are contributing to the growth of the building information modeling market. Rising trend of IoT in construction sector, increasing trend of BIM, and growing focus of organizations on introducing new standards such as ISO 19650 in BIM market act as a growth opportunity for the market players. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95037387 The software market is expected to be dominant during the forecast period. Software solutions used for BIM exhibit features such as interoperability between applications, easy ...

The bus seat market is expected to grow from USD 12.5 billion in 2022 to USD 16.3 billion by 2027, at a CAGR of 5.6%. Increasing demand for bus seats in electric buses are the key factors driving the growth of bus seat market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266554775 Based on the components, the bus seat market has been segmented into frame, upholstery and other accessories. The bus seat market is a matured and well-developed market space. Although the market for bus seat has been there for the past50-60 years, the bus seat technology is still evolving persistently from simple bench seats to powered reclining seats. Various bus seat manufacturer and automobile research institutes are spending their resources to conduct more research into development of seating with new materials and experimenting with various techniques. On the basis of comfort type, the market is categorized into low comfort and high comfort seats. Low comfort sea...

The silicon photonics market is expected to grow from USD 1.1billion in 2021 to USD 4.6 billion by 2027; it is expected to grow at a CAGR of26.8% during the forecast period. The silicon photonics market has been witnessing significant growth over the past years, mainly owing to the increase in demand for high speed data transfer and increasing use of silicon photonic transceivers in data centers and high speed computing applications. Transceivers is expected to grow with the highest CAGR in silicon photonics market during the forecast period. A transceiver is a combination of a transmitter and a receiver in a single platform. It is a bidirectional device used to transmit or receive data. This device is used primarily in cables or optical fiber systems. Multiple devices can be connected to the same bus, making them suitable for parallel backplane applications, such as telecommunication and industrial infrastructure. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownl...

According to a research report " Farm Management Software Market with Covid-19 Impact Analysis by Application (Precision Farming, Livestock, Aquaculture), Offering (On-cloud, On-premise, Data Analytics Services), Farm Size, Production Planning, and Geography - Global Forecast to 2026" , the global farm management software market is estimated to grow from USD 2.1 billion in 2021 to USD 4.2 billion by 2026 at a CAGR of 14.7% during 2021–2026. The growth of the farm management software market is driven by factors such as increasing implementation of cloud computing in real-time farm data management, growing population and subsequent rise in demand for food worldwide, and strengthening of intellectual property rights over agricultural innovations. Government support to encourage the adoption of modern agricultural techniques and focus on monitoring livestock performance and health to increase farm efficiency are also driving the growth of the farm management software market. Dow...

The report " Control Valve Market with COVID-19 Impact Analysis, By Material, Component (Actuators, Valve Body), Size, Type (Rotary and Linear), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals), and Region - Global Forecast to 2025" , size was valued at USD 5.5 billion in 2020 and is projected to reach USD 10.6 billion by 2025. It is expected to grow at a CAGR of 14.2% during the forecast period. Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic, rising demand for energy in APAC, growing need for connected networks to maintain and monitor industrial equipment, and surging focus on establishing new nuclear power plants and upscaling of existing ones are the key driving factors for the control valve market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111759647 Stainless steel material to account for the largest share of the control v...

The global handheld chemical and metal detector market is projected to reach USD 4.1 billion by 2027 from an estimated USD 2.3 billion in 2022, at a CAGR of 12.4% from 2022 to 2027. Increasing threat of chemical and explosives terrorism is among the major factors driving the growth of the market. Based on technology, Raman spectroscopy accounted for the largest market share, and a similar trend is projected to be observed during the forecast period. Raman spectroscopy is a well-established technique widely used in the pharmaceuticals, chemicals, and safety & security industries. Raman spectroscopy technology-based handheld detectors can identify the presence of hazardous chemicals, narcotics, and explosives at a faster rate, helping first responders to prevent potentially hazardous situations rapidly and safely. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=219826294 In 2021, the chemical detection application accounted for the largest size ...

According to the new market research report " Air Treatment Market by Technology (HEPA Filters, Activated Carbon), Product (Dust Collector, Engine exhaust systems), Application (Exhaust air and Compressed air), Vertical (Manufacturing, Automotive), and Geography - Global Forecast to 2023" , the air treatment market, the market is expected to be worth USD 17.39 billion by 2018 and USD 25.56 billion by 2023, growing at a CAGR of 8.00% during the forecast period. The growth of the air treatment market is driven by factors such as increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42321742 Based on technology, the air treatment market has been segmented into HEPA filters, electrostatic precipitators, activated carbon, UV filters...

The global home automation system market is projected to grow from USD 40.8billion in 2020to USD 63.2 billion by 2025; it is expected to grow at a CAGR of 9.1% from 2020to 2025. The key factors are fueling the growth of this market include growing home ownership among millennials worldwide,   lower insurance costs for homeowners investing in home security systems and increasing services offered by telecommunication companies, increasing use of home automation systems among the elderly population, rapid urbanization in developing countries, and rising significance of IoT technology in home automation. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=469 On-premises management systems consist of a centralized control home automation system that controls everything in the home through a single hub. It allows the user to control lights, thermostat, sprinklers, phone, washer, and dryer, among others, from a single source. This type of management syste...

The global RFID market is estimated to be USD 10.7 billion in 2021 and is projected to reach USD 17.4 billion by 2026, at a CAGR of 10.2% during the forecast period. The key factors fueling the growth of this market include growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446 The RFID market has promising growth potential due to several factors, including the growing trend of hybrid RFID solutions, rising adoption of RFID tags for Industry 4.0, IoT, and smart manufacturing and rising need for contact-tracing solutions due to COVID-19. The adoption of remote working practices due to COVID-19 pandemic and growing automotive and electronics industry in China, ...

According to the new market research report " Machine Condition Monitoring Market by Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission), Monitoring Process (Online, Portable), Deployment, Offering - Global Forecast to 2027" , the global machine condition monitoring market size is expected to grow from USD 2.8 billion in 2022 to USD 4.0 billion by 2027, at a CAGR of 7.8%. The use of wireless communication technology-integrated machine condition monitoring systems and the inclination of manufacturing companies toward predictive maintenance techniques are the key factors boosting the growth of the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363 Hardware segment accounted for larger share of the machine condition monitoring market in 2021. Hardware offerings held a larger share of the machine condition monitoring market in 2021. Hardware components used in machi...