Semiconductor and Electronics

The wireless testing market is projected to grow from USD 22.6 billion in 2024 to USD 34.1 billion by 2029, registering a CAGR of 8.6% during the forecast period. Growing adoption of cloud computing and IoT technologies and increasing focus on deployment of 5G network will drive the market for wireless testing. The rising adoption of Wi-Fi 6 and Wi-Fi 6E is also expected to boost market growth in the coming years. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128820153 The advent of high-speed Internet broadband, Wi-Fi, and Bluetooth has led to an increase in the use of smartphones worldwide. The increased penetration of smartphones has facilitated the use of smart home devices globally. The number of global smartphone users is expected to increase during the forecast period. Various testing, inspection, and certification companies offer wireless testing and international approvals for several wireless devices that use technologies such as Wi-Fi/W...

The level sensors market is projected to reach USD 6.1 billion by 2025 from USD 4.3 billion in 2020. It is expected to grow at a CAGR of 7.5% from 2020 to 2025. The growth of this market is fueled by the reduction in size of sensors, rising adoption of level sensors in process industries, and rising use of IIoT solutions, stable vehicle production worldwide. The global level sensors market is experiencing rapid growth, driven by factors such as increasing automation in industries, stringent regulatory requirements, and the need for accurate process monitoring. The market encompasses a wide range of sensors, including ultrasonic level sensors, capacitive level sensors, radar level sensors, and others, catering to diverse application needs. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=926 Level sensors are devices designed to detect and measure the level of substances such as liquids, powders, and solids in industrial applications. They utilize ...

The global electric heat tracing market is expected to be valued at USD 2.96 billion in 2024 and is projected to reach USD 4.34 billion by 2029; it is expected to grow at a CAGR of 7.9% from 2024 to 2029. The electric heat tracing market is experiencing substantial growth due to a convergence of factors. Increasing demand for convenience and efficiency in various applications such as for freeze protection, process temperature maintenance, roof and gutter de-icing, floor heating, as well as other purposes such as frost heave protection and snow melting is driving the adoption of electric heat tracing. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88678555 Self-regulating heating cables in the electric heat tracing market account for the largest share during the forecast period. The electric heat tracing market for wireless self-regulating heating cables is experiencing rapid growth primarily due to the increasing adoption of electric heating indus...

The microgrid controller market is expected to reach USD 18.7 billion by 2029 from USD 6.8 billion in 2024, at a CAGR of 22.6% during the 2024-2029 period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103650618 One of the key drivers in the microgrid controller market is Emphasis on decarbonization among end users and governments. Traditional energy grids often face challenges in maintaining power supply continuity following natural disasters such as storms, earthquakes, and wildfires. Disruptions caused by such disasters not only impede local economies but also endanger lives. In such critical situations, microgrids operating independently from the main electricity grid typically rely on fossil fuels for power generation. However, as the costs of solar panels and battery cells decline, there has been a notable uptick in demand for sustainable microgrids to align with decarbonization objectives. Microgrids play a pivotal role in meeting the escal...

The Environmental Remediation market is projected to grow from USD 109.3 billion in 2022 to USD 163.4 billion by 2027; it is expected to grow at a CAGR of 8.4% from 2022 to 2027. The global environmental remediation market is witnessing steady growth, driven by increasing environmental awareness, regulatory compliance requirements, industrial pollution control measures, and the adoption of sustainable remediation practices. The market encompasses various segments, including soil remediation, groundwater remediation, air pollution control, waste management, and ecosystem restoration. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93290334 Environmental remediation encompasses a range of techniques and technologies designed to clean up contaminated soil, water, air, and ecosystems. Remediation efforts target pollutants such as hazardous chemicals, petroleum products, heavy metals, and other contaminants that pose risks to human health and the environ...

The global fiber optics Market size was valued at USD 4.9 billion in 2022 and is projected to reach USD 8.2 billion by 2027, growing at a CAGR 10.9% from 2022 to 2027. The global fiber optics market is witnessing robust growth, with projections indicating substantial market expansion in the coming years. Factors driving this growth include the increasing demand for high-speed internet, the adoption of cloud computing services, the deployment of 5G networks, and the need for efficient data transmission solutions. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238443438 Fiber optics technology involves transmitting data through optical fibers, using light pulses to carry information over long distances with minimal signal loss. Fiber optics cables are made of glass or plastic fibers that are capable of transmitting vast amounts of data at high speeds. They find applications in telecommunications networks, internet infrastructure, data centers, health...

Pressure Transmitter Market is expected to reach USD 3.5 billion by 2027 from USD 2.9 billion in 2022, registering at a CAGR of 3.6% during the forecast period. The global pressure transmitters market is experiencing sustained growth, with projections indicating a steady increase in market size. Factors driving this growth include the adoption of industrial automation, the need for real-time monitoring and control, and the emphasis on process optimization and efficiency. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Pressure transmitters are devices designed to measure pressure levels and convert them into electrical signals for transmission and analysis. They find extensive use in industries such as oil and gas, manufacturing, healthcare, automotive, aerospace, and more. Pressure transmitters are essential for ensuring operational efficiency, safety, and quality control in various processes. Key Trends and Growth Drivers: Industry 4.0 and...

The multilayer ceramic capacitor market is expected to grow from USD 14.0 billion in 2022 to USD 26.6 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.8% from 2022 to 2027. The global multilayer ceramic capacitor market is experiencing robust growth, with projections indicating a steady increase in market size. Factors driving this growth include the rising demand for electronic devices, the integration of MLCCs in advanced technologies, and the expansion of end-user industries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=639 Multilayer ceramic capacitors are passive electronic components composed of multiple layers of ceramic material and conductive electrodes. They are widely used in electronic circuits for their high capacitance, reliability, and compact size. MLCCs find applications in consumer electronics, automotive electronics, telecommunications, medical devices, and more. Key Trends and Growth Drive...

The global testing, inspection, and certification (TIC) market was valued at USD 233.2 billion in 2024 and is projected to reach USD 280.7 billion by 2029; it is expected to register a CAGR of 3.8% during the forecast period. The rise in demand for TIC services is driven by stringent government regulations for ensuring product safety, the demand for interoperability testing, and the surge in trade involving counterfeit and defective products. Additionally, the growing emphasis on digitalization and the heightened importance placed on food safety and hygiene are expected to drive further expansion of the TIC market in the future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5352498 The in-house sourcing segment is poised to dominate the market share, particularly due to its prevalence in critical applications and industries such as the public sector and mining, which favor internal testing, inspection, and certification (TIC) services over outsour...

The hydraulics market is expected to grow from USD 42.5 billion in 2023 to USD 50.5 billion by 2028, at a CAGR of 3.5% during the forecast period. Rising construction projects, escalating demand for material handling equipment, increased need for advanced agricultural machinery, and the expanding process industry are driving forces behind the growth of the hydraulics market. In addition, continuous R&D and technological advancements in hydraulic cylinders present significant opportunities for the expansion of the hydraulics market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209607944 Based on components, Cylinders are expected to grow at a higher CAGR during the forecast period. The expanding global population has heightened the demand for housing, consequently driving the growth of the construction industry. As construction equipment is now handling increasingly complex tasks and designed to endure harsh environmental conditions, it become...

The automotive sensor market size is valued at USD 30.8 billion in 2023 and is anticipated to be USD 62.2 billion by 2028, growing at a CAGR of 15.0% from 2023 to 2028. The automotive sensor market is experiencing significant growth driven by several key factors. Firstly, there is a notable shift in consumer preferences towards alternative fuel vehicles as a means to reduce greenhouse gas emissions. This growing inclination towards eco-friendly options is leading to an increased demand for automotive sensors, which are essential components in alternative fuel vehicles. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426 Additionally, the adoption of advanced driver-assistance systems (ADAS) is playing a crucial role in driving the growth of the automotive sensor market. ADAS technologies aim to minimize driver stress and enhance safety by providing features such as collision avoidance, lane departure warning, and adaptive cruise control. These sys...

The millimeter wave technology market is anticipated to grow from USD 2.8 billion in 2023 to USD 7.9 billion by 2028, at a CAGR of 22.8%. The millimeter wave technology market is experiencing significant growth, driven by several key factors. One major contributor is the increasing demand for higher broadband and mobile speeds. As the need for faster and more reliable connectivity continues to rise, millimeter wave technology, with its capability to transmit large amounts of data at high speeds, becomes a crucial enabler. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=981 Moreover, the rising utilization of millimeter wave technology in small-cell backhaul networks is playing a pivotal role in market expansion. Small-cell backhaul networks are essential for enhancing the capacity and coverage of wireless networks, and millimeter wave technology proves to be well-suited for this purpose. Its ability to support high-frequency, short-distance communi...

According to MarketsandMarkets, the Microgrid Market is estimated to be USD 37.6 billion in 2024 and projected to reach USD 87.8 billion by 2029, at a CAGR of 18.5% during the forecast period. A microgrid is a localized network comprising interconnected load and energy sources that operate in coordination with the primary power grids. They can also function as independent off-grid systems in remote areas. Microgrids are small-scale localized power plants with their own power generation resources and loads, with well-defined boundaries for supplying electricity. They can serve as backup or supplementary power sources for main grids, effectively meeting the increasing electricity demands of end users. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917 Several key factors within the business landscape are driving the growth of the microgrid market. These include the escalating focus on decarbonization among end users and government entities, the exp...

The precision livestock farming market is estimated to be USD 6.9 billion in 2023 and is projected to reach USD 11.2 billion by 2028, at a CAGR of 10.2%. The global demand for dairy products, including butter, cheese, curd, whey, and yogurt, has been steadily increasing, leading to a continuous rise in the population of dairy cattle. This surge in dairy cattle numbers is expected to drive the market for precision livestock farming solutions in the foreseeable future. Precision livestock farming is becoming increasingly popular across various farm types due to the escalating costs of labor and the expansion of farm sizes. Additionally, heightened awareness of animal health and safety has contributed to the widespread adoption of precision livestock tracking and monitoring systems on farms in recent years. As the dairy industry continues to grow, the integration of precision farming technologies is likely to play a crucial role in optimizing productivity and ensuring the well-being of ...

The NVH testing market is expected to reach USD 3.0 billion by 2028 from worth USD 2.2 billion in 2023 growing at a CAGR of 6.3% during the forecast period. NVH testing is a comprehensive approach employed across industries to evaluate and mitigate undesirable noise, vibration, and harshness in various products. From automotive design to consumer electronics and industrial machinery, NVH testing ensures that products not only meet performance standards but also deliver a superior user experience by minimizing unwanted noise and vibrations. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47022073 Key Drivers of Market Growth: Automotive Industry Advancements: The automotive sector remains a major driver of the NVH testing market. With the rise of electric vehicles and a growing emphasis on luxurious driving experiences, automakers are investing heavily in NVH testing to optimize vehicle acoustics and ride comfort. Consumer Electronics Evolution: A...

The RFID Market is projected to grow at a CAGR of 11.1% from 2023 to 2032. The RFID market is projected to reach USD 40.9 billion by 2032 from USD 15.8 billion in 2023; it is expected to grow at a CAGR of 11.1% from 2023 to 2032. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446 Increasing need for RFID systems in manufacturing units for improving productivity, increasing government initiatives and regulations for safety and security and rising need for improving inventory management for logistics and supply chain to drive the growth of the RFID market. The RFID market has a promising growth outlook due to its increasing adoption across various industries. With the integration of RFID into the Internet of Things (IoT) ecosystem and its expanding use in sectors such as healthcare and pharmaceuticals, retail, logistics, and manufacturing, the market is set to expand. The Logistics & Supply Chain application is expected to hold the largest mark...

The global fire protection system market size is anticipated to grow from USD 71.6 billion in 2024 to USD 97.2 billion by 2029, at a CAGR of 6.3% from 2024 to 2029. A fire protection system is a network of products designed to detect, prevent, suppress, or control fires in various settings, such as residential, commercial, industrial, and public spaces. These systems typically include fire alarms, smoke detectors, sprinkler systems, fire extinguishers, fire doors, and fire suppression systems, all aimed at minimizing the risk of fire-related damage, injuries, and loss of life.    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1018 By product, the fire sprinkler segment is expected to gain a significant market share during the forecast period. Fire sprinklers are effective in controlling or suppressing fire. These systems comprise a network of pipes in walls and ceilings with sprinkler heads, protecting hallways, rooms, stairways, and other...