Market Research Blog – Page 3347 – New Product Development

Wi-Fi Semiconductor Chipset Market Poised for Growth, Valued at $20.1 Billion in 2022 | FMI

The global Wi-Fi semiconductor chipset market is expected to reach US$ 20.1 Billion in 2022. It is projected to surpass US$ 26.3 Billion and exhibit growth at a CAGR of 5.2% from 2022 to 2032. The increasing penetration of the internet and the rising number of public Wi-Fi hotspots across the globe are likely to fuel the demand for Wi-Fi semiconductor chipsets in the near future.

A recent market research study on the Wi-Fi Semiconductor Chipset market was released by Future Market Insights. The study offers a thorough analysis of the Wi-Fi Semiconductor Chipset market’s historical data, present situation, and potential future growth.

The important trends and growth variables that are expected to have an impact on the market in the upcoming years are meticulously examined in the report. During the projected period, it is anticipated that the adoption of cloud computing and artificial intelligence would advance the technology industry.

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Increased competitive pressure and an expedited digital transformation in the areas of data analytics and artificial intelligence are expected to boost the growth prognosis for the Wi-Fi Semiconductor Chipset market in the upcoming decade.

According to the FMI report, substantial product advancements, shifts in consumer behavior, and expanding distribution networks all continue to have an effect on the market for Wi-Fi semiconductor chipsets. The FMI analysts who created the Wi-Fi Semiconductor Chipset market study used novel research methods, in-depth data analysis, and collection from a range of primary and secondary sources.

Impact of COVID-19 on Wi-Fi Semiconductor Chipset Market

The IT industry has been significantly impacted by the start of COVID-19. The technology sector has suffered from disruptions in the raw material supply and electronic supply-value chain. The introduction of remote working has, however, had a favorable effect on the sector. A positive outlook is anticipated as a result of the quick focus on integrating digital techniques and big data analytics in IT services and the technology sector.

The COVID-19 effect analysis is the sole focus of a chapter of a recent report from FMI. This is meant to assist Wi-Fi Semiconductor Chipset market participants in implementing creative solutions to deal with problems that could potentially affect the market.

Key Questions Addressed in the Wi-Fi Semiconductor Chipset Market Report

How will the Wi-Fi Semiconductor Chipset market expand through 2031?
Which are the major key growth drivers and opportunities driving the market growth?
What are the recent technological developments in the Wi-Fi Semiconductor Chipset market?
What are key challenges and competition threats faced by Wi-Fi Semiconductor Chipset market players?
Which region is the most lucrative in the Wi-Fi Semiconductor Chipset market?

Market Competition

Some of the key players operating in the global Wi-Fi semiconductor chipset market are Qualcomm Technologies, Inc., Broadcom Inc., MediaTek Inc., Intel Corporation, Texas Instruments Incorporated., Hewlett Packard Enterprise Co., STMicroelectronics N.V., Samsung Electronics Co., Ltd., NXP Semiconductors N.V., On Semiconductor Co., Inc., Skyworks Solutions, Inc., Cisco Systems Inc., Simcom Wireless Solutions Limited, Peraso Technologies, Inc., Cypress Semiconductor Corporation, Dell Technologies, CommScope Holding Co., Quectel, Extreme Networks, and ASUS.

Leading players are focusing on upgrading organizations’ data transfer and bandwidth rate over wireless communication with the ongoing development in the field of IoT technology. Meanwhile, some of the other prominent companies are engaging in acquisitions and new product developments to cater to the increasing consumer demand globally by expanding their existing product portfolios.

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Key Segments Profiled in the Wi-Fi Semiconductor Chipset Industry Survey

MIMO Configuration:

SU-MIMO
MU-MIMO

Band:

Single & dual-band
Tri-band

IEEE Standard:

11be (Wi-Fi 7)
11ax (Wi-Fi 6 and 6E)
11 ac (Wi-Fi 5)
11ad
11b/g/n

Vertical:

Consumer Electronics
Enterprise
Industrial
Retail
BFSI
Healthcare
Automotive
Others (Government & Public Sector)

End Use:

Consumer Devices
Cameras
Gaming Devices
AR/VR Devices
Mobile Robots
Drones
Networking Devices
mPOS
In-vehicle Infotainment
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Thyroid Function Test Industry Will Reach US$ 2.64 Billion by 2033, Fueled by a Sturdy 4.2% CAGR | FMI Projects

The Global Thyroid Function Test Industry is expected to be valued at an astounding US$ 1.75 billion in 2023, and it is now going through a revolutionary period. The most recent data from industry analysts and Future Market Insights Inc. (FMI) indicates that this rapidly expanding market is expected to increase significantly, reaching US$ 2.64 billion by 2033.

According to FMI’s careful study, this noteworthy development is supported by a stable Compound Annual Growth Rate (CAGR) of 4.2%. The industry’s rapid expansion is evidence of both the growing global prevalence of thyroid-related illnesses and the growing need for sophisticated diagnostic treatments.

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Unveiling Market Trends and Highlights

In a world grappling with the escalating prevalence of thyroid disorders, the thyroid function test market has charted a consistent growth trajectory over the years. This upward surge is fueled by various factors, including shifts in lifestyle, rising hormonal imbalances, and an increasingly prevalent incidence of thyroid diseases among the younger population.

Recent data from the World Obesity Atlas 2023 further underscores the pressing nature of these health concerns, predicting a staggering 3,041 million individuals suffering from overweight or obesity by 2025.

The thyroid function test market is undoubtedly at the forefront of addressing these growing health challenges, with an encouraging outlook for the years ahead. As it continues to evolve and expand, this dynamic market will play a pivotal role in diagnosing and managing thyroid-related conditions, contributing significantly to the healthcare landscape.

Hospitals will continue to be the leading end-use segment for thyroid function tests, representing revenues worth US$ 22.2 Mn in 2016, up from US$ 21.3 Mn in 2015. Hospitals will be the fastest-growing end-use segment, followed by research organizations and diagnostic laboratories. Clinics will remain the smallest end-use segment in 2016, witnessing the lowest growth rate vis-à-vis other segments.

Long-term Outlook:

FMI forecasts moderate long-term growth for the India thyroid function test market, with global revenues expected to surpass US$ 55.3 Mn by 2025. During the period 2015-2025, the India thyroid function test market is anticipated to increase at 3.2% CAGR.

Global Thyroid Function Test Industry Competitive Landscape

Some of the key players covered in the India thyroid function test market report include

Sigma-Aldrich Co. LLC. (Merck & Co., Inc.)
Beckman Coulter, Inc.
(Danaher)
Siemens Healthcare GmbH
Abbott Laboratories

The report offers insights on the various strategies related to software development, and market consolidation initiatives and analyses the various market players’ specific strengths, weaknesses, opportunities, and threats.

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Drivers and Trends

The cardinal factor fuelling the growth of the Indian thyroid function test market is the high prevalence of thyroid disorders in the country. During an epidemiology study across major cities in India, Kolkata was reported to have the highest prevalence of hypothyroidism (21.67%) compared to other cities. Over the past few years, there have been significant advancements in the specificity and sensitivity of thyroid testing, which has impacted the treatment of thyroid disorders.

The Indian healthcare industry has witnessed significant advancements concerning medical devices and pathological laboratory business segments. Domestic and international companies are entering into joint ventures and strategic agreements owing to increasing standardization, availability of human resources, and high level of progress in medical technology.

India is witnessing various trends that are expected to bring substantial changes in the landscape of the healthcare industry in the subsequent years. Traditional health risks have been replaced by lifestyle diseases in the last two decades. Various conditions prevailing currently include hypothyroidism, cardiovascular disorders, diabetes, obesity, and hypertension to name a few

Global Thyroid Function Test Industry Key Segments Covered

By Test type

TSH
T3
T4
FT3
FT4
Others

By End Use

Clinics
Research Organizations
Diagnostic Laboratories
Hospitals

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

United States Leadership Development Program Industry Poised to Reach Valuation of Approximately US$ 11,995.6 Million by 2033

In 2023, the United States leadership development program market is estimated to be worth approximately US$ 6,782.9 million. Over the forecast period from 2023 to 2033, experts predict a steady growth trajectory, with the market projected to surpass US$ 11,995.6 million by 2033. This suggests a compound annual growth rate (CAGR) of 5.9% during the specified timeframe.

Leadership development programs have become increasingly prevalent among professionals in the United States, with colleges offering customized programs tailored to individual schedules and needs.
Acquisitions and mergers are recognized as prominent strategies for enhancing business presence, and their rising adoption is expected to offer significant advantages to institutes.
Mergers & acquisitions provide access to a wide portfolio of leadership development programs and contribute to financial stability, among other benefits.
Companies like Coursera Inc. are offering free online trials for leadership development programs, allowing customers to experience the program before committing full-time.
The demand for leadership development programs is steadily increasing as they facilitate successful improvements in leadership abilities and encourage firms to diversify their workforce by acquiring new skill sets.
Spending on leadership development programs is anticipated to rise as corporations recognize that traditional degrees may not adequately prepare individuals for careers in today’s dynamic and uncertain corporate environment.

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Technological advancements in online and digital learning platforms have made it easier for executives to participate in leadership development programs. Hence, they do not have to take time off from their jobs or travel to physical locations.

Several organizations and businesses are recognizing the value of investing in leadership development programs. They are striving to look at these programs as a means of developing their leadership talent and driving innovation. The United States leadership development program industry grew at a CAGR of 5.2% from 2018 to 2022.

Key Takeaways from the United States Leadership Development Program Market Study

Based on program participants, business owners currently hold a key United States leadership development program industry share of around 28.0%.
Based on duration, the 1 to 3-month segment is anticipated to rise at a CAGR of around 8.2% during the forecast period.
Based on the learner type, the group/small team learners segment is projected to surge at a CAGR of 7.0% from 2023 to 2033, and generate a share of 51.0% in 2033.
The USA leadership development program market showcased decent growth at a CAGR of 5.2% from 2018 to 2022.
The USA leadership development program market is likely to witness a year-on-year growth rate of 5.3% from 2022 to 2023.

“It is more cost-effective for a corporation to fill senior roles directly inside its organizational structure rather than hire an external resource. Organizations in the United States are hence slated to invest more in leadership training every year.” – says a lead analyst at Future Market Insights (FMI)

Competitive Landscape

Businesses in the United States leadership development program market are looking to form strategic partnerships and alliances with other companies. They want to broaden their product selection to better serve an expanding customer base. They are further concentrating on research and development to create cutting-edge products to diversify their line.

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Key Companies Profiled

McKinsey & Company
Bain & Company
Boston Consulting Group
Deloitte
KPMG
Price Waterhouse and Coopers
Accenture
Ernst & Young LLP
Booz Allen Hamilton
Mercer LLC
Harvard Business School
Wharton School of the University
Kellogg School of Management
INSEAD (Graduate Business School)
Yale School of Management
Others (As Per Request)

For instance,

In March 2021, leadership development and coaching company BetterUp announced that it had raised US$ 125 million in a Series D funding round. The company plans to use the funds to expand its platform and services.
In February 2021, leadership development firm AchieveForum announced the launch of a new virtual leadership development program called Leading Remote Teams. The program is designed to help leaders develop the skills they need to manage remote teams effectively.

United States Leadership Development Program Market Outlook by Category

By Program Participants:

Business-owners
Junior/Entry-level Employees
Managers
Mid-level Employees
Senior Executives
Students

By Learner Type:

Group/Small Team Learners
Individual/Private Learners

By Duration:

1 to 3 Month
3 to 6 Month
6 Months to 1 Year
More than 1 Year

By Mode of Learning:

Classroom
Virtual
Live Online
Pre-recorded
Blended

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global High-Resolution Anoscopy Industry Soars Towards US$ 24.95 Billion by 2032, Powered by Consistent 6% CAGR Trends | FMI

The Global High-Resolution Anoscopy Industry, estimated at US$ 13.93 billion in 2022, is expected to reach US$ 24.95 billion by 2032. This pioneering journey, which is expected to grow at a Compound Annual Growth Rate (CAGR) of 6% between 2022 and 2032, represents a paradigm change in the healthcare diagnostic environment.

High-Resolution Anoscopy, a cutting-edge diagnostic method, has emerged as a key tool in the evaluation of numerous anal disorders. Notably, it is critical in determining anal dysplasia—a condition marked by aberrant cell development in the anal canal—and anal malignancy. The tremendous relevance of this cutting-edge diagnostic approach lies in its capacity to allow early diagnosis, hence simplifying treatment options and enhancing patient outcomes.

At the heart of this medical advancement is the anoscope—a small-diameter plastic or metal hollow tube, slightly broader than a finger, with an insert known as the ‘obturator.’ Measuring approximately 5 inches in length, the anoscope is inserted into the anal canal. Upon removal of the obturator, medical practitioners gain a direct visual insight into the rectum. The tube is equipped with a light source, enabling healthcare professionals to examine the lining of the anal canal and lower rectum.

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Anoscopy, unlike colonoscopy, is used for looking at the lower rectum and anal canal. A colonoscopy does examine the colon on the whole and makes use of different instruments like a flexible tube with a camera. On the other hand, an anoscopy is a less invasive and shorter procedure as compared to a colonoscopy. The good part is that it does not need general anesthesia.

High-resolution anoscopy, in simple terms, could be referred to as ‘anoscopy with magnification’. Apart from an anoscope (that tends to keep the anus open), the doctor makes use of another device termed a ‘colposcope’. It’s a high-resolution mobile microscope that is connected to a monitor. The doctor utilizes this colposcope for closely examining the areas under suspicion in the anal canal via anoscope. To better observe suspicious areas, the doctor may apply acetic acid to a cotton swab or gauze and also leave it inside the anus for some time. This acid does react with some abnormal cells, to make them appear white.

Anoscopy does follow an ‘anal Pap test’, which detects abnormal changes, particularly if you are at a higher risk of anal cancer or anal dysplasia. It needs to be noted that an anoscopy gets performed when a digital rectal exam (using a finger for feeling any abnormalities inside the anus) fails to provide appropriate information for making a diagnosis. The doctor may also go ahead with recommending an anoscopy if symptoms like pain in/near the anus, rectal bleeding fecal incontinence/constipation, and anal itching are seen. Thus, conditions like hemorrhoids and abscesses, anal fistulas (holes) and fissures (tears), rectal lesions, polyps, cancers and tumors, and rectal prolapse could be detected.

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Anoscopy does not need much preparation except for having the bowel emptied before the procedure.

The doctor, 24 hours before starting with the procedure, may advise avoidance of anal sex, putting anything unnecessary into the anus, and usage of douche and creams. Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Global High-Resolution Anoscopy Industry’. The team of analysts and consultants is there to execute its bottom-up approach with macros as well as micros in place.

“Rising geriatric population is likely to take the high-resolution anoscopy market by storm in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Global High-Resolution Anoscopy Industry

North America holds the largest market share due to the US being subject to advanced healthcare followed by many key players being present over here.
Europe comes in second on similar grounds and the scenario is expected to remain the same even in the forecast period.
With growing awareness regarding high-resolution anoscopy, the Asia-Pacific is expected to grow at a sizable rate in the forecast period.

Global High-Resolution Anoscopy Industry Competitive Analysis

Apex Medical is known for its Renuvion and J-Plasma helium plasma technologies.
Genius has its ‘Gynocular’ – a leading portable optical colposcope to conduct digital biopsy regarding cervical cancer.

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Global High-Resolution Anoscopy Industry Key Companies Profiled:

Carl Zeiss AG
SEILER GAREPA PVT. LTD
Optomic
Lutech
Medimarcorp.
Ecleris
Genius Plus AB
Bovie Medical Corporation
GoldCare

What does the Report offer?

The research study is based on product type (colposcopes, portable colposcopes, hand-held colposcopes, anoscopes, disposable anoscopes, and reusable anoscopes), and by end-use (hospitals, diagnostic laboratories, and specialty clinics).
With high-resolution anoscopy being increasingly used for diagnosing canal cancer and anal dysplasia, the Global High-Resolution Anoscopy Industry is expected to grow on a remarkable note going forward.

Key Segments Profiled in the Global High-Resolution Anoscopy Industry Survey

By Product Type:

Colposcopes
Portable Colposcope
Hand-Held Colposcope
Anoscopes
Disposable Anoscope
Reusable Anoscope

By End Use:

Hospitals
Diagnostic Laboratories
Specialty Clinics

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Near Field Communication (NFC) Market Soars, Projected to Reach US$ 44.7 Billion by 2032

The Near Field Communication (NFC) market is poised for substantial growth, with an estimated absolute dollar opportunity of US$ 19 billion by the end of 2022 and projected sales to reach US$ 44.7 billion by 2032, exhibiting a robust Compound Annual Growth Rate (CAGR) of 15% during the forecast period 2022-2032. This surge in market demand is primarily attributed to the increasing adoption of NFC technology in automotive and contactless payment sectors.

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NFC Technology: Bridging Proximity Communication Gap

Near Field Communication (NFC) is a wireless technology that enables short-range communication between devices within a proximity of 4cm or less. Utilizing this technology, devices can efficiently share small data payloads or establish connections between Android-powered devices and NFC tags. The communication is established through radio waves when devices are brought into the required proximity or touched simultaneously. As NFC provides a convenient and efficient way for devices to exchange information, it has gained prominence as an effective alternative to other short-range communication technologies like Wi-Fi and Bluetooth.

Pandemic-driven Adoption Boosts NFC Market

The global outbreak of the COVID-19 pandemic has acted as a catalyst for the NFC market’s growth. In response to health concerns, consumers have increasingly embraced wireless payment solutions such as touch-and-go credit or debit cards for in-store transactions. Given that NFC technology is integral to these contactless payment methods, the market has experienced a surge in demand. The adoption of wireless payment solutions is expected to drive the market’s expansion further.

Market Competition

Some of the leading players in the near field communication market are

Gemalto N.V.,
DeviceFidelity, Inc.,
Visa Inc.,
Broadcom, Inc.,
STMicroelectronics N.V.,
Toshiba Corp.,
Samsung Electronics Co. Ltd.,
Identive Group, Inc.,
NXP Semiconductor,
Infineon Technology, and
On Track Innovation Ltd.

Attributed to the presence of such high number of participants and growing research and developments (R&D) activities for innovation in NFC technology, the market is highly competitive.

Regional Trends and Future Prospects

The NFC market’s growth is not only limited to a specific region but has a global impact. As the technology becomes more ubiquitous, industries and sectors across the world are incorporating NFC technology to enhance user experience, security, and convenience.

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Drivers and Opportunities

The growth of the NFC market is underpinned by several key drivers, including:

Automotive Integration: NFC technology is finding substantial use in the automotive industry for functions such as keyless entry and secure vehicle information transfer.
Contactless Payments: The increasing preference for contactless payment methods is driving the demand for NFC-enabled devices and solutions.
Efficient Data Sharing: NFC’s capability to establish quick and secure data connections is appealing to a wide range of industries, from retail to healthcare.
Enhanced User Experience: NFC’s ability to facilitate seamless interactions between devices is leading to improved user experiences in various applications.

Market Outlook

With the current trajectory and ongoing innovations in NFC technology, the market is set to witness continued growth. The expanding use cases across industries and regions highlight the technology’s versatility and potential.

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Key Segments Profiled in the NFC Market Survey

By Product Type:

Non-Auxiliary Products
Auxiliary Products

By Application:

Contactless Payment
Data Sharing
Infotainment
Access Control and Authentication
Medical & Healthcare
Transportation

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

Author:

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Automated Nucleic Acid Extraction Systems Industry is expected to grow at a rate of 10.9% CAGR and reach a valuation of US$11.32 Billion by 2032 | FMI

The Global Automated Nucleic Acid Extraction Systems Industry is expected to grow at a CAGR of 10.9% between 2022 and 2032. According to recent projections from Future Market Insights (FMI), this spike is predicted to propel the market’s worth to a startling USD 11.32 billion by 2032.

Automated nucleic acid extraction systems are at the forefront of this revolutionary expansion, providing fast, clean, and consistently improved nucleic acid extraction procedures. Their critical significance in nucleic acid purification, along with significant contributions to personalized and predictive medicine, highlights the increasing need for these cutting-edge technologies.

The projected growth of the industry represents a paradigm shift in nucleic acid extraction methodologies. With an escalating focus on efficiency and precision, automated systems have become the cornerstone of laboratories and research facilities worldwide. Their unparalleled ability to streamline processes not only accelerates research but also ensures the reliability of results.

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These systems are designed in such a way that they efficiently run multiple processes at the same time with a reduced error ratio thereby acting as a major driver in the Global Automated Nucleic Acid Extraction Systems Industry. Furthermore, the rising utilization of automotive procedures in research and development has bolstered the demand for technologically superior automatic nucleic acid extraction systems.

Global Automated Nucleic Acid Extraction Systems Industry Key Takeaways

The isolation and the purification in the automated nucleic acid extraction systems fall under the category of fundamental tests in molecular laboratory research which further comprises a vast range of equipment and procedures available for its extraction.
Furthermore, user-friendly interfaces are integrated with the systems to further simplify the processes. Moreover, the functionality of these systems comprises shaking, temperature control, and PCR protocols.
Automated nucleic acid extraction systems also help in minimizing the contamination in samples, providing high throughput results in comparatively lesser time and reducing the reagent wastage. Owing to these factors, the global demand for automated nucleic acid extraction systems is on the rise.
These systems are vastly employed in molecular biology, pathology, forensic science, environmental research, and drug delivery. Furthermore, these automated systems are known for their advancements in extracting nucleic acid from a variety of samples such as tissue, cell culture, whole blood, serum, plasma, swabs, etc.
The nucleic acid extraction system market is predicted to rise steadily as these user–friendly methods reduce sample contamination, provide high throughput results at a rapid pace, and greatly reduce reagent wastage.

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Surging laboratory automation and widespread adoption of superior technology for faster and better results propels market growth. Furthermore, technological advancements in automated nucleic acid extraction systems in improving the workflow and decreasing variability also support the automated nucleic acid extraction systems market.
The high cost of the system, limited product acceptability, high maintenance, system complexity, and service cost are some of the limiting factors restricting potential market growth. In addition to that, low market penetration of automated systems in less developed regions also restricts global market growth.

Global Automated Nucleic Acid Extraction Systems Industry Competitive Landscape

Some of the prominent players in the Global Automated Nucleic Acid Extraction Systems Industry are focusing on technological advancements to attain an edge over the market. Various other regional players are concentrating on collaboration to efficiently cater to the ever-increasing customer demands.

A large number of companies are involved in the rapid manufacturing of such laboratory instruments varying by size, usage, capacity, price, and versatility. These days, most commercial extraction kits are also available in the market in line with automated nucleic acid extraction platforms. Continuous enhancements for the system updating also help in proliferating the market growth for nucleic acid extraction systems.

Several other companies are rapidly adopting strategies for building their networks and strengthening their sales force to increase their product sales. Furthermore, brand value is also considered a vital parameter affecting the sales of a certain company. New product development, mergers, acquisitions, and partnerships are some of the key trends in the Global Automated Nucleic Acid Extraction Systems Industry.

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Global Automated Nucleic Acid Extraction Systems Industry Key Players:

Qiagen N.V.
Roche Molecular Systems, Inc.
Analytik Jena AG
Thermofisher Scientific
Accubiomed Co., Ltd.
Autogen Inc.
DiagCor Bioscience Inc Lt
Taigen Bioscience Corporation
Bioneer Corporation

Global Automated Nucleic Acid Extraction Systems Industry Key Segments:

By Type

Instruments
Kits and consumables

By End Use

Hospitals
Diagnostic Centres
Forensic Laboratories
Pharmaceutical & Biotechnology Companies
Academic Research Institutes

Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Snus Market: Anticipated to Achieve a 5% CAGR by 2033, Reveals Global Market Analysis

According to a recent survey report on global snus sales, the market was valued at approximately US$ 2.9 billion in 2023. Looking ahead, between 2023 and 2033, experts anticipate a steady compound annual growth rate (CAGR) of 5% for the global snus market. Analysis by FMI suggests that by 2033, the value of the global snus market is projected to reach around US$ 4.7 billion.

Another significant driver of the market is the ease of using snus, which customers find simple and straightforward. Additionally, flavored snus products offer a more appealing taste, making them increasingly attractive and likely to contribute to the market’s growth in the future. Furthermore, snus usage has been encouraged, in part, due to its convenience compared to cigarettes, which pose the harmful risk of passive smoking.

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Snus products, which is a smoking aid, has proven to be successful in helping users quit smoking. This is the reason why there is a rise of popularity lately. Snus also has the advantage of price being cheaper than both cigarettes and other tobacco products, which increases their popularity with consumers.

Key Takeaways from the Snus Market Study Report

As per the report, the United States snus market is estimated to be worth nearly US$ 792 million for the year 2023.
In North America, the United States and Canada snus markets are poised to grow at 4.8% and 4.2% rates respectively through 2033.
Whereas production and sales of snus in the country of China are anticipated to thrive at an impressive 8.3% year-on-year growth rate. By the conclusion of this forecast period in the year 2033, the Chinese snus market is predicted to cross US$ 1 billion.
The regional snus markets in India, Australia, and South Korea combined is projected to reach an overall valuation of US$ 651 million by 2033.
Meanwhile, the sales of snus in Japan country alone is expected to grow at a promising annual rate of 2.6% over the forecast years.
Germany is the leading producer and supplier of all major types of snus for the EU region and countries beyond the EU. The demand for snus from Germany by European countries is projected to register a CAGR of 3.4% in the next ten years.
Based on the different flavors of snus available in the market, fruit-flavored snus is growing rapidly at a rate of 5.9% every year.
The mint-flavored snus segment is expected to experience a 5% yearly growth rate at par with the overall market growth rate.
On the other hand, the original snus flavor segment is expected to retain its market position by registering a CAGR of 4.8% during the forecast years.

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Competitive Landscape for the Snus Market Players

British American Tobacco PLC
Chickylicious AB
Gajane Gross AB
GN Tobacco Sweden AB
Imperial Brands PLC
Skurf Snus
Swedish Match AB
Swedish Products Online
Altria Group, Inc.
AG Snus
Burger Söhne Sweden AB
Dacapo Silver AB
Fiedler & Lundgren
Gordito Oü
Gotlandssnus
Japan Tobacco Inc.
Reynolds American Tobacco PLC

are some of the major players in the global snus market.

To grow their business share in the global snus market, snus companies concentrate on techniques like the creation of new products and flavors. Other further strategic actions made by snus market key players include package redesigns, product diversification, and collaboration of regional market players.

Recent Developments by the Snus Industries

Phillip Morris International, which is a leading producer and supplier of snus for people worldwide, bought Danish-based AG Snus and its brands in May 2021. The sales of snus by AG Snus Company in its overseas market are anticipated to be strengthened by this combination.
Swedish Match AB, a tobacco business, said in 2020 to launch its General Swedish snus in seven more locations in the United States. The supplier’s reputation and revenue growth have been aided by its brand’s simple accessibility in tobacco shops and convenience stores in many prominent cities.

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Key Segments of Snus Market

By Flavor:

Original Snus
Herbal Snus
Fruit Flavored Snus
Mint Flavored Snus
Whisky Flavored Snus
Other Flavored Snus

By Packaging:

Films & Wraps
Pouches
Boxes
Cans
Other Packaging

By Product:

Loose Snus
Portion Snus
Other Products

By Distribution Channel:

Tobacco Stores
Convenience Stores
Online Retail Stores
Other Distribution Channels

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa (MEA)

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Non-Surgical Fat Reduction Industry Set for Explosive Growth, Reaching US$4.5 Billion by 2032

The Global Non-Surgical Fat Reduction Industry desire for safe and effective body sculpting is driving a surge in the non-surgical fat reduction industry, according to a recent analysis by Future Market Insights, a leading market research firm. The report projects significant growth, with the global market size expected to reach a staggering US$4.5 billion by 2032, expanding at a robust Compound Annual Growth Rate (CAGR) of 13.6%.

This impressive growth trajectory is fueled by the increasing popularity of non-invasive procedures. Cryolipolysis, a technique that uses freezing temperatures to target unwanted fat cells, is currently leading the pack, holding an estimated 33.3% share of the global market in 2021. This dominance highlights the growing consumer preference for non-surgical options that offer safety and effectiveness.

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he increasing need for safer alternatives to conventional surgical approaches is responsible for the rise in popularity of non-surgical fat reduction operations. More and more people are looking for non-surgical methods to get rid of troublesome fat deposits and get a more toned, trimmer body without the hazards and recovery time that come with surgery.

According to a Future Market Insights spokesman, “non-surgical fat reduction procedures offer a compelling solution for individuals looking to enhance their appearance without undergoing invasive surgery.” “The market is witnessing notable growth as more people prioritize health and wellness and seek effective ways to achieve their aesthetic goals.”

New therapeutic approaches and technological developments are anticipated to fuel market expansion as the non-surgical fat reduction sector develops. Businesses in this sector are concentrating on R&D to launch innovative solutions that provide better outcomes while guaranteeing patient safety and happiness.
The market for non-surgical fat reduction is expected to develop significantly, which presents a big chance for companies and investors hoping to profit from the growing demand for cosmetic operations. The non-invasive treatment business is expected to experience steady growth in the coming years due to growing public awareness and acceptance of these procedures.

Key factors driving the growth of the non-surgical fat reduction market include:

Increasing Demand for Aesthetic Procedures: There is a growing societal emphasis on appearance and body image, which has led to increased interest in cosmetic procedures, including non-surgical fat reduction.
Advancements in Technology: The development of innovative technologies such as cryolipolysis (CoolSculpting), radiofrequency (RF) devices, ultrasound (ultrasonic cavitation), and laser-based treatments has expanded the range of non-surgical fat reduction options available to consumers.
Safety and Minimal Downtime: Non-surgical fat reduction procedures are generally perceived as safer and less invasive than surgical alternatives, which often require anesthesia and longer recovery periods.
Rising Obesity Rates: The global rise in obesity rates has created a larger patient population seeking solutions for fat reduction and body contouring.
Awareness and Social Media Influence: Increased awareness of non-surgical fat reduction options and the influence of social media, where before-and-after photos are frequently shared, has driven interest in these procedures.

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Common non-surgical fat reduction techniques and treatments include:

Cryolipolysis: Also known as CoolSculpting, this technique freezes and destroys fat cells through controlled cooling.
Radiofrequency (RF) Therapy: RF devices use heat to target and break down fat cells, stimulating collagen production for skin tightening.
Ultrasound Cavitation: This method uses ultrasound waves to disrupt fat cells, which are then naturally eliminated by the body.
Laser Lipolysis: Laser-based systems target and liquefy fat cells, which are subsequently removed through the lymphatic system.
Injection Lipolysis: This involves injecting substances like deoxycholic acid (e.g., Kybella) to dissolve fat cells, often used for double chin reduction.
High-Intensity Focused Ultrasound (HIFU): HIFU devices deliver focused ultrasound energy to target and destroy fat cells deep within the skin.
Vacuum Therapy: This technique combines vacuum suction with RF or laser therapy to reduce cellulite and contour the body.

Key Companies Profiled:

Valeant Pharmaceuticals International, Inc.
Allergan plc
Alma Lasers
Cynosure, Inc.
Sciton, Inc.
Solta Medical Inc.
Lumenis Ltd.
Syneron Medical Ltd.
Lutronic Corporation
Lynton Lasers Ltd.
Cutera Inc.
Fosun Pharmaceuticals Co., Ltd
Zeltiq Aesthetics
Candela Corporation

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Key Market Segments Covered in Global Non-Surgical Fat Reduction Industry Research:

By Technique:

Cryolipolysis
Ultrasound
Low-Level Lasers
Others

By End User:

Hospitals
Plastic Surgery Centers
Cosmetic and Aesthetic Clinics

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Kids Apparel Market Set to Reach US$ 386.19 Billion in Revenue by 2033: Exploring Growth Trends and Opportunities

In 2022, the Kids apparel market saw impressive revenue, reaching a total of US$ 187.29 billion. Looking ahead, industry experts anticipate a robust compound annual growth rate (CAGR) of 6.8% throughout the forecast period. By 2033, this growth trajectory is expected to lead to a substantial increase in revenue, reaching US$ 386.19 billion. This upward trend signifies promising opportunities for manufacturing companies, as the demand for children’s clothing continues to rise steadily.

Market Dynamics:

Increasing demand for cotton-fiber kids’ apparel due to:
- Easy washability, making them convenient for busy parents.
- Less shrinkage, ensuring longer-lasting clothing for growing children.
- Resistance to color fade, maintaining the vibrancy of garments over time.
Robust urbanization contributing to the expansion of the retail sector, thereby driving sales of kids’ apparel.
Skyrocketing e-commerce sector providing significant support to the kids apparel industry, offering convenience and a wide range of choices for parents.
Growing preference for branded products among parents residing in big cities, leading to increased demand for kids’ apparel from reputable brands.

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The clothing-related purchases for kids’ wear are surging among parents. This can be associated with the surging newborns across the globe, which has boosted the demand for kids’ apparel products. Substantial progress has been made to lessen the child mortality rate globally, which has positively influenced the overall market. For instance, as per 2021 World Bank statistics, 25% of the global population is under the age of 15 years.

Key Highlights:

China is a significant market for kids’ apparel. Certain factors that positively influence the market include a rising birth rate, robust economic growth, and increasing disposable incomes.
The United States kids apparel industry is being driven by the influence of social media and new emerging apparel trends. Matching outfits and miniature, age-appropriate variants of adult clothing for kids are witnessing heightened demand. As a result, the market in the United States is projected to rise over the forecast period.
On the basis of end-user, the boys’ segment is projected to account for a significant market. The girls’ segment is expected to exhibit prominent growth over the forecast period due to slowly shifting preferences owing to evolving trends.
Based on product type, the casual segment is projected to witness significant growth over the stipulated time frame. At present, parents are more concerned about children’s health and opt for comfortable, light, and easy-to-wear clothes throughout the day.

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Key Players Active in the Industry

Carter’s, Inc.
The Children’s Place, Inc.
Inditex
Hennes & Mauritz Retail Pvt. Ltd
Nike, Inc.
Cotton On Group
Mothercare
Gianni Versace S.r.l.
Burberry
Gerber Childrenswear
Others

New Market Updates

In September 2022, Carter’s Inc. partnered with Hilary Duff to introduce a limited edition of Hilary Duff x Carter’s children’s wear. The new collection comprises bright and neutral colors that easily mix-match. It includes layering accessories and pieces that allow quick changes and provide alternatives for girls, boys, and various gender-neutral styles.
In June 2021, Row, a luxury brand, introduced its first-ever kids’ line of clothing that happens to be gender-neutral. The new offering consists of crewneck sweaters, belted cardigans, and lounge pants, all in luxurious cashmere.
In April 2021, Carter’s Inc. united with TerraCycle, which specializes in international recycling, to introduce KidCycle, its recycling program, to recycle children’s wear nationwide.

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Key Market Segmentation

By Product Type:

Formal
Casual
Semi-formal

By End User:

Boys
Girls

By Age Group:

0-12 Months
1-5 Years
5-10 Years
10-12 Years

By Distribution Channel:

Offline
Online

By Regions:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Wireless Connectivity Market Surges Towards $345 Billion by 2032, Driven by Smart City Investments & Industrial Adoption

The global wireless connectivity market is estimated at US$ 345 Billion while exhibiting a CAGR of 14.1% during the forecast period from 2022 to 2032, reports a recently published Future Market Insights study. Expansion of the market can be attributed to the growing adoption of smart home platforms like Alexa to effectively manage houses and increasing mobile phone users.

With the mounting number of connected devices, the need for high-speed internet connectivity has become one of the most imperative parameters in digitally progressive workplaces. With 3G becoming the absolute wireless broadband technology and 4G rapidly increasing its prospects across numerous applications, the industry concentration has shifted toward the advancement of the 5G technology.

It is estimated to become the next stage of development across the highly dynamic broadband industry. As pondered by leading network providers, the 5G network infrastructure would support release connectivity of ≥1 Gbps in the coming years.

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China captured the largest share in the wireless connectivity market and is estimated to maintain its dominance throughout the forecast period, attributed to the increasing focus on the increasing standard of living and increasing automation. The country has been acknowledged as one of the most notable markets for technological advancement and design software backed by the presence of prominent players. In April 2022, China added nearly 21.15 million 5G subscribers which sets a base for the healthy growth of the wireless connectivity segment in the coming years.

Key Points from the Market Study

By end-user, the consumer electronics segment general is anticipated to dominate the market while exhibiting a CAGR of 13.5% during the forecast period
By type, the WPAN segment is projected to record a CAGR of 13.6% from 2022-2032
Market in the U.K to garner a market value worth US$ 14 Billion by 2032
Industry in China to record a CAGR of 13.4% during the forecast period
Market in South Korea is expected to hold a value of US$ 12 Billion during the assessment period.

“Increasing urbanization and the emergence of technologies like LTE, WPAN and the introduction of 5G spectrum in the developing countries like India, China is boosting the adoption of wireless connectivity devices in houses and offices.,” remarks an FMI analyst.

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Competition Analysis

Key players in the market include Intel Corporation, Texas Instruments Incorporated, Qualcomm Incorporated, Broadcom, STMicroelectronics N.V., NXP Semiconductors N.V., Microchip Technology Inc., MediaTek Inc., Cypress Semiconductor Corporation, Renesas Electronics Corporation, EnOcean, Nexcom International Co., Ltd., Skyworks Solutions, Inc., Murata Manufacturing Co., Ltd., Marvell Technology Group, Nordic Semiconductor, Expressive Systems, CEVA, Inc., Quantenna Communications, Inc., Peraso Technologies, Inc., Panasonic Corporation, BehrTech, Element 14, Dialog Semiconductor, Silicon Labs, among others. Notable Developments in the Market are:

In April 2022, Intel acquired a private 5G network provider Ananki, a startup created by the non-profit Open Networking Foundation (ONF) to focus on the commercialization of private 5G services based on open-source network technologies.
In February 2022, Hewlett Packard Enterprise and Qualcomm Technologies Announce Collaboration to Deliver the Next-Generation 5G Virtualized Distributed Unit Solutions. The Companies Will Collaborate to Deliver Industry’s First Fully Optimized vDU Solution with up to 60% Lower Total Cost of Ownership for Operators.
In April 2021, Silicon Labs has entered into a definitive asset purchase agreement to sell its Infrastructure & Automotive (I&A) business to Skyworks Solutions, Inc. for $2.75 billion in all-cash consideration. The transaction includes Silicon Labs’ power/isolation, timing and broadcast products, intellectual property, and associated employees. Silicon Labs and Skyworks will collaborate to ensure a seamless transition for customers, suppliers, and employees.

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Key Segments Profiled in the Wireless Connectivity Market

Wireless Connectivity Market by Type:

WLAN Wireless Connectivity
WPAN Wireless Connectivity
Satellite Wireless Connectivity
LPWAN Wireless Connectivity
Cellular M2M Wireless Connectivity

Wireless Connectivity Market by End User:

Wireless Connectivity in Healthcare
Wireless Connectivity in Wearable Devices
Wireless Connectivity in Transportation and Automotive
Wireless Connectivity in Consumer Electronics
Wireless Connectivity in Building Automation
Wireless Connectivity for Other End Users

Wireless Connectivity Market by Region:

North America Wireless Connectivity Market
Latin America Wireless Connectivity Market
Europe Wireless Connectivity Market
Asia Pacific Wireless Connectivity Market
Middle East & Africa Wireless Connectivity Market

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Author:

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani