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Showing posts from January, 2023

With 13.6 % CAGR, Automotive Sensors Market Growth to Surpass USD 47.5 billion

The 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. The rising adoption of autonomous vehicles increasing demand for automotive sensors worldwide. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426 By sales channel, the original equipment manufacturer (OEM) is projected to hold the largest share of automotive sensors market during the forecast period In 2021, the OEM segment is expected to hold a larger share of the automotive sensors market than the aftermarket segment, and a similar trend is expected to be observed from 2021 to 2026. The enforcement of stringent vehicle safety regulations and the deployment of ADAS technology for automatic high beam control, night vision, front luminance, and several other applications in modern-day vehicles will create opportunities for automotive sensor manufacturers. All these factors

With 10.0% CAGR, Photovoltaic Market Growth to Surpass USD 155.5 billion

The photovoltaic market is projected to grow from USD 96.5 billion in 2023 and is projected to reach USD 155.5 billion by 2028; it is expected to grow at a CAGR of 10.0 % from 2023 to 2028. The rising number of solar installations attributed to government-led incentives and schemes, growth in the adoption of PV systems for residential applications, decreasing cost of PV systems and energy storage devices is expected to fuel the growth of the photovoltaic market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=428 The PV market is flooded with a number of technological advancements with a large number of R&D departments of private as well as public organizations involved in the development of high-efficiency PV cells. Few major PV cell technologies that are either under R&D or not mass commercialized are perovskite, Gallium Arsenide (GaAs), Indium Phosphide (InP), Nanocrystalline (Quantum Dots), and dye synthesized & polymer solar cells

With 9.1% CAGR, Home Automation System Market Growth to Surpass USD 63.2 billion

The home automation system market is projected to grow from USD 40.8 billion in 2020 to USD 63.2 Billion by 2025, at a CAGR of 9.1% from 2020 to 2025. Home automation refers to the automation and security of home & household activities. It may be used for isolated programmable devices, such as thermostats and sprinkler systems. Home automation precisely describes homes in which lights, appliances, electrical outlets, heating & cooling systems, and others are connected to a remotely accessible network. Thus, home automation systems enable power savings and also help in enhancing the standard of life. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=469 Cloud-based management system to register highest CAGR in global home automation system market during 2020 - 2025 Cloud-based systems are easy to install and program for novice users. The introduction of home automation devices that can be controlled through smart speakers at an affordable cos

With 3.1% CAGR, Thin client Market Growth to Surpass USD 1.7 billion

The thin client market is estimated to reach USD 1.7 billion by 2028, growing at a CAGR of 3.1% from 2023 to 2028. Integration of emerging technologies to support digitalization across all industries is driving the demand for remote digital infrastructure, which, in turn, is driving the demand for the thin client market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114032661 The ITS segment is estimated to hold the second-highest share in the global thin client market. The growing data security concerns are expected to contribute to the growth of the Information and Technology Services (ITS) segment. The ITS segment is estimated to hold the second-highest share in the global thin client market. For ITS, it is an effective PC replacement technology that facilitates immediate access to virtual desktops and applications and offers centralized computing capabilities. Upgrades, security policies, etc., can be executed from the data center instead of t

Magnetic Separator Market Projected to reach $928 million by 2025

The global magnetic separator market is expected to grow from USD 725 million in 2020 to USD 928 million by 2025, at a CAGR of 5.1%. The growing adoption of magnetic separators owing to stringent rules and regulations pertaining to quality in the food & beverage industry has resulted in their increased demand. Other drivers for the magnetic separator market growth include the increasing recycling rates across the world and expansion and urbanization in developing countries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68968178 Permanent magnets to hold larger share of magnetic separator market during forecast period Permanent magnet-based magnetic separators are expected to account for the larger share of the magnetic separator market share during 2020–2025. Permanent magnets do not require a continuous supply of electrical energy to maintain their magnetic field. They are less expensive and lightweight; they do not face any electrical cont

Hardware in the Loop Market Projected to reach $1,291 million by 2027

The hardware in the loop market is estimated to be valued at USD 817 million in 2022 and is projected to reach USD 1,291 million by 2027, growing at a CAGR of 9.6% from 2022 to 2027. The growth of this market can be attributed to the adoption in new application areas such as power electronics and industrial robotics, and technological advancements in electric and autonomous vehicles. The hardware in the loop market includes major Tier I and II players like dSPACE GmbH (Germany), NATIONAL INSTRUMENTS CORP. (US), Vector Informatic GmbH (Germany), Elektrobit (Germany), OPAL-RT Technologies (Canada) and others. These players have a strong market presence for hardware in the loop across various countries in North America, Europe, APAC, and RoW.     Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11343527 Growing demand in developing countries. Hardware in the loop testing has increased significantly in developing countries such as India, Brazil, Mexic

Volumetric Video Market Worldwide Analysis on Revenue, Segmentation and Key Players

The volumetric video market is estimated to grow from USD 1.5 billion in 2021 to reach USD 4.9 billion by 2026; it is expected to grow at a CAGR of 26.9% from 2021 to 2026. A few key factors driving the growth of this market are surging demand for enhanced match viewing experience, increasing demand for 3D/360° content in entertainment sector, proliferation of content delivery devices driving demand for 3D content, growing demand for AR in retail and e-commerce sectors due to COVID-19, and rising investments in AR/VR ecosystem. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259585041 The volumetric video market for services is expected to grow at the highest CAGR during the forecast period. Companies such as Vologram provide cutting-edge volumetric video processing solutions on their cloud platform, which guarantees a fast, cost-effective, and scalable solution with pay-per-reconstruction options. Evercoast offers a comprehensive, end-to-end solution

Microgrid Market Worldwide Analysis on Revenue, Segmentation and Key Players

The global microgrid market size was estimated to be USD 26.9 billion in 2022 and is projected to reach USD 63.2 billion by 2027, at a CAGR of 18.6% during the forecast period. Some of the major factors contributing to the growth of microgrid market includes the increasing emphasis on decarbonization by end users and governments, surge in the use of microgrids for rural electrification, and growing need for reliable uninterrupted power supply. Moreover, rising instances of cyberattacks on energy infrastructures, and governments initiatives to encourage the development of microgrids will drive the growth the industry in the near future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917 Hardware segment to account for largest market share of microgrid market during forecasting period The hardware of microgrids comprises power generators, energy storage systems, and controllers. There are several factors contributing to the growth of the market f

Building Information Modeling Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

 The building information modeling market 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 in BIM market act as a growth opportunity for the market players. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95037387 Services segment is expected to grow with highest CAGR during forecast period The services segment is expected to witness a faster rate as BIM services are adopted at a higher rate by building owners, design teams, contractors, and facility managers to achieve the deta

Machine Condition Monitoring Market Growing at the Fastest Rate in APAC Region

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 machine condition monitoring systems include vibration sensors, vibration analyzers, infrared sensors, spectrometers, ultrasound detectors, spectrum analyzers, corrosion probes, etc. The data collected by these components is further analyzed with the help of software solutions, thereby enabling manufactu

Precision Farming Market Growth, Analysis, Latest Trends and Forecast till 2030

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 region

With 7.6% CAGR, Micro-Electro-Mechanical System (MEMS) Market Growth to Surpass USD 22.9 billion

The MEMS market is projected to grow from USD 14.8 billion in 2022 to USD 22.9 billion by 2028, registering a CAGR of 7.6% during the forecast period. Rising demand for consumer electronics and increasing demand for IoT devices are driving the market for MEMS. Advancement in sensor fusion technology will also boost market growth in the coming years. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13689179 RF MEMS switches are more robust than other switch technologies and can deliver better performance in harsh environments and extreme operating conditions. RF MEMS switches have proven their capability to operate under extreme shock, harsh temperature, and vibrations and are durable to function throughout their operating life for demanding applications. These features of RF MEMS switches are increasing their applications as virtually every market seeks smaller, lighter components that consume less power can be produced in high volume and are cost-e

With 24.5% CAGR, Eye Tracking Market Growth to Surpass USD 1,098 million

The global Eye Tracking Market size is expected to reach USD 1,098 million by 2025, at a CAGR of 24.5% during the forecast period. The high demand for eye trackers in the healthcare vertical, especially for the assistive communication application is one of the key driving factors for the eye tracking market. The increasing penetration of eye tracking technology in the consumer electronics vertical, and high demand for eye trackers for personalized advertisements and consumer research purposes are a few other key factors having a positive impact on the growth of the eye tracking market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144268378 Market for mobile eye tracking to grow at highest CAGR during forecast period The market for mobile eye tracking is expected to grow at a higher CAGR during the forecast period. Mobile eye tracking provides more degree of freedom for the subject, which entails more natural head and eye movement to be recorded. This

Medical Device Testing Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The medical device testing market was valued at USD 9.3 billion in 2020 and is projected to reach USD 11.8 billion by 2025; growing at a CAGR of 4.8% from 2020 to 2025. The medical device testing market is growing due to the increasing need of verification and validation for medical devices. The in-vitro diagnostic (IVD) medical device segment held the largest share of the medical device testing market in 2019, owing to the increasing demand for rapid testing kits and other diagnostics devices across regions. The active implant medical device segment is projected to witness the highest CAGR during the forecast period, owing to the implementation of stringent regulations to ensure that the implantable medical devices are fit for the human body. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254474064 Testing Services, by service type held the largest share in the global medical device testing market in 2019 There is an increasing demand for TIC

Pressure Transmitter Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The global pressure transmitter market size is projected to reach USD 3.5 billion by 2027, at a CAGR of 3.6% during the forecast period. The rising emphasis on industrial automation for optimum utilization of available resources and increasing focus on real-time data analysis and predictive maintenance are the major factors driving the growth of the pressure transmitter market. Moreover, growing integration of Industrial Internet of Things (IIoT) and Industry 4.0 technologies coupled with expanding potential of process industries are expected to drive the demand for pressure transmitters in the near future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Differential pressure transmitters were the most extensively used pressure transmitters in the market in 2021 Differential pressure transmitter held the largest share (52.48%) of the overall pressure transmitter market in 2021. The market for differential pressure transmitter is expected to gr

Satellite Modem Market Opportunities and Challenges

 The satellite modem market is projected to reach USD 710 million by 2026; it is expected to grow at a CAGR of 12.0% during the forecast period. 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). Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261298987 “The satellite modem market for MCPC satellite modem is expected to grow at a higher CAGR from 2021 to 2026.” 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

Livestock Monitoring Market Projected to reach $3.7 billion by 2030

 The livestock monitoring market is estimated to be worth USD 1.6 billion in 2022 and is projected to reach USD 3.7 billion by 2030, at a CAGR of 11.0% during the forecast period. Increasing focus on real-time monitoring and early disease detection, growing adoption of IoT and AI for livestock monitoring, rising demand for meat globally and cost-saving achieved through the adoption of livestock monitoring solutions are some of the major factors driving the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72634532 Hardware to dominate the livestock monitoring market during the forecast period Growing adoption of hardware devices such as smart tags, sensors, camera-based systems, and GPS devices in livestock farms is a key factor driving the market growth. The other factors contributing to the market growth of the hardware market include the increase in average herd size and the number of livestock farms globally, advancements in sen

With 4.2% CAGR, Lined Valve Market Growth to Surpass USD 4.1 billion

The global lined valve market size is expected to grow from USD 3.4 billion in 2023 to USD 4.1 billion by 2028, at a CAGR of 4.2%. The growth of the lined valve market can be attributed to the growing demand for automatic valves, and the rising trend of adoption of IoT-integrated valves is driving the growth of the lined valve market. However, the lack of standardized policies and increasing frequency of unplanned downtime due to malfunction of valves are major restraints for the market's growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199355707 The lined valve market is witnessing steady growth owing to several factors, including rising demand for ensuring the purity of processes in the pharmaceutical industry and the growing necessity for adhering to process safety guidelines established by governments worldwide. Additionally, the rising potential of end-user industries such as petrochemical, semiconductor, and power are other factors

Smart Thermostat Market Growth, Analysis, Latest Trends and Forecast till 2026

 The smart thermostat market size is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026; it is expected to grow at a CAGR of 20.8% from 2021 to 2026. The key factors driving the growth of the market increasing adoption of smart homes attributed to COVID-19 situation, emergence of IoT-enabled HVAC systems, government regulations pertaining to increase energy efficiency of buildings, and surging adoption of smart home voice assistants. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266618794 Learning smart thermostat segment is projected to register the highest CAGR by 2026 The smart thermostat market for learning smart thermostat segment is expected to grow at fastest CAGRduring the forecast period. A learning thermostat is the most advanced smart thermostat that learns the user’s schedule and forms a cycle to best fit the comfort of the user and optimize energy savings.It seamlessly connects with the internet and devices suc

With 70.1% CAGR, Perovskite Solar Cell Market Growth to Surpass USD 2,268 million

The perovskite solar cell market is projected to grow from USD 271 million in 2024 to USD 2,268 million by 2028, exhibiting a CAGR of 70.1% during the forecast period. The major benefits associated with perovskite solar cells are that the cells are much cheaper to fabricate than traditional solar cells and thinner than traditional solar cells. An upsurge in demand for renewable energy is one of the major opportunities for the market during the forecast period.   Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253842189 The planar perovskite solar cell segment is expected to hold the largest market share during the forecast period. When the planar structure was demonstrated successfully for the first time in the early 1970s, it only had an efficiency of 4% due to the inferior film quality and inadequate absorption of the perovskite film. The efficiency of planar perovskite solar cells has increased with new developments—the highest efficiency is arou