Semiconductor and Electronics

The photovoltaic market is projected to grow from USD 96.5 billion in 2023 to reach USD 155.5 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.0% from 2023 to 2028.The growth of the Photovoltaic market is driven by the rising number of solar installations attributed to government-led incentives and schemes, growth in the adoption of PV systems for residential applications and decreasing cost of PV systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=428 By application, utilities application is projected to hold the largest share of the photovoltaic market during the forecast period. The photovoltaic market is expected to experience significant growth in the utility applications sector during the forecast period. This sector includes solar power plants that are based on PV systems, which are considered environmentally friendly. Governments in many countries are promoting the installation of such plants, provi...

The global farm management software market is estimated to grow from USD 3.0 billion in 2023 to USD 5.1 billion by 2028 at a CAGR of 11.1% during 2023–2028. Government initiatives and support in order 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. Countries in the Americas and Europe region have also witnessed increasing adoption of farm management software for various applications which has aided in the growth of agriculture industry. Increasing level of awareness among farmers about the benefits associated with advanced technologies such as IoT, artificial intelligence, and farm monitoring devices, high penetration of internet in countries like the US and Canada, and increasing penetration of agriculture technology in medium, and large farms are major factors responsible for growth of farm management software market. ...

The satellite connectivity market has experienced significant growth in recent years due to the increasing demand for high-speed internet and connectivity in remote areas, as well as the need for reliable and secure communication networks. The market is projected to continue its growth trajectory in the coming years, driven by advancements in satellite technology, rising demand for high-throughput connectivity, and increased investment in space-based infrastructure. This growth is expected to create new opportunities for satellite connectivity providers and enable the development of new services and applications. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261298987 The increasing demand for high-speed internet and connectivity in remote areas is a major driver of the satellite connectivity market. As the use of internet-enabled devices and digital content continues to grow, the need for high-speed internet has become increasingly urgent. Ho...

 Machine health monitoring refers to the process of collecting and analyzing data from machines to detect anomalies, predict and prevent failures, and optimize performance. The global machine health monitoring market is expected to grow significantly in the coming years, driven by the increasing adoption of predictive maintenance solutions, growing demand for industrial automation, and advancements in sensor technologies. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363 According to a report by MarketsandMarkets, the global machine health monitoring 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 market is segmented based on component, deployment, monitoring process, end-user industry, and geography. Components of machine health monitoring systems include hardware, software, and services. Hardware components include sensors, vibration analyzers, and others. Software components in...

The crop monitoring market is estimated to be USD 2.2 billion in 2020 and projected to reach USD 4.4 billion by 2025, at a CAGR of 15.2%. The surging investments in the agriculture technology segment, rising adoption of IoT and AI based devices for crop monitoring, rising concerns for the improvement of farm productivity and profitability as well as the increasing awareness among the farmers towards the use of remote sensing technology are some of the driving factors for the crop monitoring market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8994590 Low penetration of advance agriculture technologies in developing countries The digital divide between rural and urban areas in developing countries has hindered the growth of the crop monitoring market. The adoption of advanced technology in developing countries is limited due to several barriers, including unskilled farmers, a less techno-savvy and family-owned farming model, and low awareness am...

The agriculture drones market is expected to grow USD 5.7 billion by 2025, at a CAGR of 35.9% during the forecast period. One of the key factors driving the growth of this market is the increase in venture funding for the development of agriculture drones. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23709764 “Agriculture drones market for software and services offering to grow at higher CAGR during forecast period” The agriculture drones market for software and services is predicted to have a higher compound annual growth rate (CAGR) during the forecast period. Pix4D, a Switzerland-based subsidiary of Parrot SA, offers Pix4Dmapper Mesh for DJI drones, a specialized version of its imaging software. This software is capable of measuring lines and surfaces, creating fly-through videos, and exporting 2D information in full 3D-textured mesh and video format. Trimble Navigation is a key player in the agriculture drones market, offering software pr...

 The global semiconductor bonding market size is projected to grow USD 1,059 million by 2026; it is expected to grow at a CAGR of 3.6% during the forecast period. Factors such as growing demand for MEMs and surge in demand for electric vehicle are driving the growth of the market during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238988744 Notable R&D investments and technological advances have increased the demand for reliable and high-performance miniaturized electronic components, such as microelectromechanical systems (MEMS) and microoptoelectromechanical systems (MOEMS), from high-growth and high-value industries, including aerospace, military, automotive, consumer electronics, and medical. Die bonder equipment are extensively being used for the assembly and packaging of MEMS and MOEMS devices. MEMS and MOEMS devices find applications in sensors, robotics, microvalves, flow controllers, global positioning systems...

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. The market growth is attributed to the growing use of radio-frequency microelectromechanical system and increasing demand of IoT devices. Furthermore, advancement in sensor fusion technology is expected to create lucrative opportunities for the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13689179 Inertial Sensor type accounted for larger share of MEMS market in 2022 The inertial sensor type had a greater market share in the MEMS market in 2022, and it is expected to remain dominant in the future. MEMS inertial sensors are utilized in various industries, such as automotive, consumer electronics, and communications, to enhance performance, reduce costs, and improve reliability. The development of low-cost MEMS inertial sensors has increased over the years. Inertial sensors are categorized i...

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. Growing inclination of consumers toward alternative fuel vehicles to reduce GHG emissions and surging consumer demand for vehicle safety propelling the demand for automotive sensors across the globe. 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 ap...

The global precision farming market is projected to grow from USD 8.5 billion in 2022 to USD 15.6 billion by 2030; it is expected to grow at a CAGR of 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 The precision farming market is rapidly growing, as the demand for innovative and efficient farming techniques increases. Precision farming involves the use of advanced technologies such as GPS, drones, sensors, and software to optimize crop yields and reduce waste. This technology provi...

The RFID Market is expected to reach USD 35.6 billion by 2030; it is expected to grow at a CAGR of 11.9% during the forecast period. RFID technology uses radio waves to identify/detect people or objects. RFID tags are small electronic devices that send/receive data to/from RFID readers. RFID tags can be incorporated into products, animals, or humans for identification and data collection. According to the Food and Drug Administration (FDA), “Radio frequency identification (RFID) refers to a wireless system composed of two components: tags and readers. The reader is a device that has one or more antennas that emit radio waves and receive signals back from the RFID tag. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446 Radio-frequency identification (RFID) is a technology that uses radio waves to identify and track objects. The RFID market has seen tremendous growth in recent years due to increasing demand for efficient and cost-effective supply c...

The global machine condition monitoring market size is anticipated to grow from USD 2.8 billion in 2022 to USD 4.0 billion by 2027, at a CAGR of 7.8% from 2022 to 2027. Accelerating deployment of automated condition monitoring technologies in smart factories and rising awareness in manufacturers worldwide regarding benefits of installing condition monitoring systems are some of the major factors propelling the growth of market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363 The global machine condition monitoring market is expected to grow at a significant rate during the forecast period, owing to the increasing demand for predictive maintenance and cost savings in industrial operations. Machine condition monitoring refers to the process of monitoring the performance and health of machinery, thereby enabling early identification of faults and proactive maintenance. Key Drivers: 1.Growing adoption of Industry 4.0 and IoT technology 2.I...

 The vertical farming market is projected to reach USD 9.7 billion by 2026 from USD 3.6 billion at CAGR of 25.0% during the forecast period. Services segment is expected to witness highest CAGR of 28.8%. It was observed that the growth rate was 11.4% from 2021 to 2022. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221795343 Vertical farming is a technique of cultivating crops on a vertically inclined surface in an urban environment. instead of growing a single layer of crops over a large land area, stacks of crops are grown in an upward direction. In vertical farming, an artificial environment is created inside a facility using technologies that help plants grow with high nutrition in a short time compared with traditional farming. Growth, productivity, and quality of plants depend on technologies, such as climate control, air purification, lighting, and pump and irrigation systems. Agriculture has come a long way since its traditional roo...

The smart irrigation market is projected reach to grow USD 2.3 billion by 2026 growing at a CAGR of 14.9 % during the forecast period. Some of the major factors driving the smart irrigation market growth includes active participation of governments in providing rebates and subsidies to enhance the adoption of smart irrigation technology, increasing awareness among farmers regarding the benefits of the adoption of smart irrigation, and increased crop yield with minimum wastage of water and fertilizers. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199758913 With the goal of minimising waste and optimising efficiency, smart irrigation refers to the use of technology to manage and control the watering of crops and landscapes. The market for smart irrigation is expanding quickly due to factors such water shortage, rising food production demand, and the requirement for effective water management. Smart irrigation systems use various technologies, such...

The Electric Heat Tracing market is projected to grow from USD 2.5 Billion in 2022 to USD 3.8 Billion in 2027; it is expected to grow at a CAGR of 8.3% from 2022 to 2027.  The growth of the market is attributed to the increasing adoption of electric heat tracing systems over conventional steam tracing systems, the rising demand for energy-efficient electric heat tracing systems, and low maintenance cost of electric heat tracing systems are the factors driving the growth of the electric heat tracing market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88678555 Electric Heat Tracing is a system used to maintain or raise the temperature of pipes and vessels in various industrial applications. The system involves the use of electric heating cables or mats to provide heat to the pipes or vessels, thereby preventing the formation of ice or maintaining process temperatures. The Electric Heat Tracing Market is expected to grow due to increasing de...

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 increase in recycling rates across the world is one of the key factors driving the growth of the market. The expansion and urbanization in developing countries, along with the stringent rules and regulations pertaining to quality in the food & beverage industry, are among the other factors driving the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68968178 Equipment type to dominate global magnetic separator market during forecast period Equipment type magnetic separators are expected to hold a majority of the global magnetic separator market share in 2020, and the segment is projected to dominate the market during the forecast period. Magnetic separator equipment include drums, overband, rollers, and eddy current separators. Increasing demand from industries such as mining, recycling, ceramic...

Fire Testing Market was valued at USD 6.3 billion in 2019 and is projected to reach USD 8.6 billion by 2024; it is expected to grow at a CAGR of 6.4% during the forecast period. The major driving factors in the fire testing market are the adoption of safety systems in industries and growing automation in buildings. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83597839 Certification services segment is fastest growing market in fire testing market during forecast period Based on service, the fire testing market consists of testing, inspection, and certification services. The certification standards differ from country to country for different sectors. The growth of fire certification services is expected to grow at the fastest rate as fire certifications for products and equipment help meet and demonstrate compliance to the relevant standards and legislation. Also, companies choose certification services to protect their supply chain, data, and ...

 The smart irrigation market is projected reach to grow USD 2.3 billion by 2026 growing at a CAGR of 14.9 % during the forecast period. Some of the major factors driving the smart irrigation market growth includes active participation of governments in providing rebates and subsidies to enhance the adoption of smart irrigation technology, increasing awareness among farmers regarding the benefits of the adoption of smart irrigation, and increased crop yield with minimum wastage of water and fertilizers. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199758913 Smart Irrigation Market for sensor-based systems likely to exhibit higher CAGR during the forecast period mainly due to due to increasing adoption of sensor-based systems in agricultural irrigation The smart irrigation market for sensor-based systems is expected to witness the highest growth rate during the forecast period. Sensor-based systems use on-site sensors, such as soil moisture s...