Semiconductor and Electronics

The crop monitoring market is estimated to be worth USD 2.2 billion in 2020 and projected to reach USD 4.4 billion by 2025, at a CAGR of 15.2%. The crop monitoring market has significant potential to grow owing to several driving factors such as rising adoption of IoT and AI based devices for crop monitoring, rising awareness among the famers towards the use of precision farming and growing investment in the agriculture technology segment. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8994590 The rising concerns for the food security and safety globally along with food traceability has resulted in adoption of crop monitoring technology by the large scale farmers. Moreover the rising influence of the IoT devices in the agriculture sector has been a key trend t he crop monitoring market owing to several benefits provided by these devices. The major benefit include the remote sensing technology with remote monitoring capabilities so as to take the co...

The satellite modem market is estimated to grow from USD 403 million in 2021 to reach USD 710 million by 2026; it is expected to grow at a CAGR of 12.0% from 2021 to 2026. A few key factors driving the growth of this market are rising need for enriched high-speed data communication, increase in the number of high-throughput satellites (HTS), and growing demand for satellite communication in internet of things (IoT). The satellite modem market for MCPC channel type is expected to grow at a higher CAGR from 2021 to 2026. The growth of this segment is attributed to the unparalleled channel efficiency offered by these modems, which is the core requirement of high-data-traffic applications, such as mobile communication, internet, and broadband services. MCPC satellite modems can be integrated with IP networks to provide seamless connection for voice, video, and data traffic. Broadband internet services for enterprise networks are possible through MCPC modem technology because of its h...

The building information modeling market was valued at USD 5.9 billion in 2021 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 visualization, and cost-effectiv...

The global photovoltaic market size is estimated to grow from USD 76.6 billion in 2020to USD 113.1 billion by 2025, at a CAGR of 8.1%. The market is expected to decline in 2020, mainly due to the impact of COVID-19. The photovoltaic supply chain was disrupted in March and April 2020 due to the lockdown imposed by various governments and labor shortages in the PV industry due to travel restrictions, which would affect the photovoltaic market. Though the market is expected to be impacted in 2020, it is expected to start to recover by 2021 and will fully recover by 2022. The increasing demand for PV systems for residential applications and the decreasing cost of PV systems and energy storage devices are expected to drive the photovoltaic market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=428 Likewise, the upsurge in demand for renewable energy and technological advancements in solar cell manufacturing is expected to propel the demand for photovo...

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, t...

The ball valves market was valued at USD 8.1 billion in 2020 and is projected to reach USD 14.7 billion by 2025. It is expected to grow at a CAGR of 12.5% during the forecast period. Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID- 19 pandemic, need for replacement of outdated ball valves and adoption of smart valves, rising focus on industrialization, urbanization, and smart city development, and rise in new nuclear power plants projects and upgrade existing ones are the key driving factors for the ball valves market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80882742 Trunnion-mounted ball valves expected to account for a larger share of the ball valves market by 2025. Trunnion-mounted ball valves are used for critical services in a variety of applications such as transmission and storage, gas processing, dryer sequence, compressor anti-surge, and others. Growth in energy consumption, n...