New Product Development
The fibre optic gyroscope (FOG) market demand prognosis is expected to continue favourable, according to Future Market Insights (FMI), with sales expected to exceed US$ 1,413.2 Mn by 2021. In 2021, the market will expand at a compound annual growth rate of 6.5% due to continued use in military and defence applications for missile flight control, dynamic …
Continue reading “Fiber Optic Gyroscope Market is estimated to grow at 8.3% CAGR by 2031”
By 2031, the market for radar and LiDAR technology used in railway applications is projected to be worth US$4.98 billion. Rising investment in the creation of autonomous railway systems along with rising demand for radar and LiDAR technology sensors in nations like India and Indonesia are projected to propel the market. Rail applications heavily rely on radar …
The market for maritime communication worldwide is now estimated to be worth $4,420.7 million in 2022, and it is predicted to grow at a CAGR of 7.8% to reach $9,351.4 million in 2032. Globally, the marine communication sector accounts for around 25% of the marine electronics market. Ship-to-ship and ship-to-shore communication can be solved by marine communication. …
The semiconductor wafer market refers to the industry involved in the production of thin disks of semiconducting material, such as silicon, used to fabricate integrated circuits (ICs) and other microelectronic devices. Semiconductor wafers serve as the foundation for the microchips that power a wide range of electronic devices, including smartphones, laptops, and servers. The market …
The gaming monitor market refers to the segment of the computer monitor industry that caters specifically to gamers. These monitors typically offer fast refresh rates, low input lag, and improved color accuracy, providing an enhanced gaming experience. Additionally, gaming monitors often feature unique design elements, such as slim bezels and RGB lighting, to appeal to …
The global automotive semiconductor industry is currently valued at $54.9 billion and is expected to reach $94.99 billion by the end of 2030. From 2022 to 2030, semiconductor shipments for the automotive industry are anticipated to grow at a CAGR of 7.1%. Vehicle semiconductor suppliers around the world should benefit from the growing use of electronic components …
The 3D glasses market size is anticipated to be worth US$ 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 …
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 …
The adoption of true wireless stereo is expected to increase at a CAGR of 34.6% during the forecast period. The true wireless stereo market size is anticipated to rise from US$ 61.74 Bn in 2023 to US$ 1,205.17 Bn in 2033. True wireless technology is becoming increasingly popular around the world as they have no physical connection …
Over the projected period of 2022–2032, the building-integrated photovoltaics market is anticipated to expand at a value CAGR of 21%. This market’s estimated global market size in 2021 was $16.5 billion, and it is anticipated to grow quickly and reach a total of $134.31 billion by 2032. Building-integrated Photovoltaics market is expected to grow quickly because to …