The industrial automation market is expected to register a CAGR of 9.3% from 2020 to 2027 to reach $306.2 billion by 2027 from $164.2 billion in 2020. The industrial automation market is growing rapidly due to the high adoption of automation solutions in the manufacturing, ...
The VCSEL (Vertical-cavity Surface-emitting Laser) market is expected to grow at a CAGR of 21.5% from 2020 to 2027 to reach $3.73 billion by 2027 from $954.5 million in 2020. The VCSEL market in terms of volume is estimated to grow at a CAGR of 31.9% from 2020 ...
The action camera & accessories market is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach $6.58 billion by 2027 from $2.7 billion in 2020. In terms of volume, the action cameras market is estimated to grow at a CAGR of 12.1% from 2020 to 2027 to ...
The next-generation data storage market is expected to grow at a CAGR of 10.1% from 2020 to 2027 to reach $56.7 billion by 2027 from $29.0 billion in 2020. Some of the key factors driving the market include explosive growth in digital data, significant growth of ...
In terms of value, the automotive powertrain sensors market is expected to grow at a CAGR of 5.4% from 2020 to 2027 to reach $25.1 billion by 2027. Automotive powertrain sensors play a significant role in the operation mechanism of engine, transmission, exhaust, ...
The optoelectronics market is expected to grow at a CAGR of 9.6% from 2020 to 2027 to reach $ 77.9 billion by 2027 from $ 41.2 billion in 2020. The market is growing rapidly due to the increasing demand for optical solutions in the healthcare and automotive industry ...
The Testing, Inspection, and Certification Market Is Expected to Reach $105.99 Billion, at a CAGR of 2.4% during the Forecast Period 2020-2027. The rise in the illicit trade of forged and pirated goods, strict regulatory standards imposed by governments and local ...
In terms of value, the industrial X-ray inspection systems market is expected to grow at a CAGR of 8.8% from 2020 to 2027 to reach $919.1 million by 2027. Industrial X-ray inspection systems are used in a wide range of industry verticals. These systems effectively ...
In terms of value, the Narrowband-IoT (NB-IoT) chipsets market is expected to grow at a CAGR of 30.8% from 2020 to 2027 to reach $3.06 billion by 2027. Narrowband-IoT (NB-IoT) chipsets are used across multiple industry verticals. These chipsets are of high value, ...
The 3D machine vision market is expected to grow at a CAGR of 10.2% from 2020 to 2027 to reach USD 2.65 billion by 2027, from USD 1.35 billion in 2020. The 3D machine vision market is in its growth phase and is witnessing rapid implementation in manufacturing facilities. ...
The food automation market is expected to grow at a CAGR of 9.5% from 2020 to 2027 to reach $29.4 billion by 2027, from $15.5 billion in 2020. This market is developing rapidly due to the adoption of automated solutions and management solutions in the F&B processing ...
In terms of value, the 5G chipsets market is expected to grow at a CAGR of 52.7% from 2020 to 2027 to reach $23.5 billion by 2027. 5G chipsets are used across multiple industry verticals. These chipsets enable high-speed data connection for key applications, such ...
The non-destructive testing (NDT) market is expected to grow at a CAGR of 5.9% from 2020 to 2027 to reach $14.1 billion by 2027 from $9.4 billion in 2020. Non-destructive testing finds applications across multiple industry verticals, such as automotive & heavy ...
The semiconductor gas filters market is expected to reach $21.7 billion by 2027, at a CAGR of 5% during the forecast period of 2020 to 2027. The growth in the semiconductor gas filters market is primarily driven by factors such as rapid adoption of digital transformation ...
The semiconductor and circuit manufacturing market is expected to grow at a CAGR of 4.3% from 2020 to reach $522.7 billion by 2027, where Asia-Pacific semiconductor and circuit manufacturing market is expected to grow at the fastest CAGR during the forecast period.
The ...