In 2022, the market for LED modules and light engines is anticipated to be worth US$ 39,876.4 Million. Due to their wide range of applications, from the industrial to residential sectors, LED modules and light engines as a market have gained traction recently. Devices with LEDs on printed circuit boards and driver ICs are referred to as …
Category Archives: Technology Trends
Industrial Coupling Market is expected to progress at a CAGR of 11% 2022 to 2032
According to Future Market Insights, the size of the worldwide industrial coupling market is anticipated to reach US$ 242.6 Mn in 2022. According to estimates, the market would increase at a CAGR of 11.0% from 2022 to 2032, reaching US$ 689.3 Mn. The following factors will cause the demand for industrial coupling to increase: Industrial couplings can …
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Hyperlocal Services Market projected to reach a valuation of US$ 8,756.2 million by 2032
The global market for hyperlocal services is anticipated to earn US$ 8,756.2 million by 2032, up significantly from the estimated US$ 2,129.3 million in revenue in 2022, according to a report published by Future Market Insight. The market is expanding at a 15.2% CAGR over the forecast period, up from a 14.3% CAGR (2017-2021). The advent of …
IoT Processor Market is expected to be valued at US$ 92,925.7 Million by 2032
In 2022, the size of the global IoT Processor market was estimated at US$ 45,420 Million. The IoT processor market is expected to be driven by the technology’s ability to provide new revenue streams, boost operational efficiency, enable new business models, and enhance the way current services are provided across a variety of industries. IoT Processor sales …
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Ethernet Backhaul Equipment Market is likely to reach US$ 48,677 Mn by 2032
The market for ethernet backhaul equipment is anticipated to develop at a CAGR of 26.9% over the forecast period, reaching USD 4,478 million in 2022 and USD 48,677 million by 2032. Earlier, over the historical era, this market experienced a CAGR of 25.6%. Due to its low cost, ease of deployment, and low maintenance requirements, ethernet backhaul …
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Electronic Batch Records Market is projected to reach a valuation of US$ 7746.6 Million in 2032
During the forecast period, the market for electronic batch records is anticipated to expand at a CAGR of 12.6%. To attain an anticipated valuation of US$ 7746.6 million by 2032, this is anticipated to exceed US$ 2362.4 million in 2022. Electronic batch records (EBRs) are crucial in ensuring the efficient and safe production of medicines and other …
Enterprise Drone Management Solutions Market forecasted to register 17% CAGR during 2022 to 2032
In 2022, the market for enterprise drone management systems is anticipated to be worth US$10,843.3 million. It is anticipated to have tremendous growth at a CAGR of 17% throughout the forecast period, reaching US$ 52,295.6 million in 2032. In order to double crop output, drone management solutions have become more necessary in precision farming. Through technological advancement …
Enterprise Laboratory Informatics Market is estimated at USD 25,500.8 Mn by 2032
According to forecasts, the corporate laboratory informatics market will reach a value of US$ 25,500.8 million in 2032, up from US$ 4,255.1 million in 2022, and will expand at a CAGR of 8.2% over the same period. Previously, the demand for enterprise laboratory informatics increased at a rate of 7.2% from 2016 to 2021. Informatics is one …
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Global Service Robotics Market is predicted to be valued at US$ 267 Billion by 2033
The global service robotics market net worth is estimated to be around US$ 40 Bn in 2023 and is anticipated to register an impressive CAGR of 21% from 2023 to 2033. As per the analysis report on the service robotics market the overall valuation of the market is projected to reach up to US$ 267 Bn by the …
3D Glasses Market size is assessed to be US$ 22.23 billion in 2033 | Future Market Insights, Inc.
The 3D glasses market size is anticipated to be worth US$ 14.81 billion in 2023 and US$ 22.23 billion by 2033. The demand for 3D glasses is expected to grow at a CAGR of 4.16% during the forecast period. The increasing use of 3D glasses in the military, healthcare industry, educational sector, and entertainment industry are the …