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LiDAR Market Estimated to Experience a Hike in Growth By 2031

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Allied Market Research, titled, “ LiDAR Market  by Type, Component, Application, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2022–2031," The lidar market was valued at $1.1 billion in 2021, and is estimated to reach $7.8 billion by 2031, growing at a CAGR of 21.3% from 2022 to 2031. Light detection and ranging (LiDAR) is a remote sensing technology that uses laser light to measure distances and create 3D models of the environment. LiDAR works by emitting a laser pulse towards a target and measuring the time it takes for the pulse to reflect the sensor. This process is repeated many times per second, creating a 3D point cloud of the target area. Increase in demand for 3D imaging systems and automated systems required in LiDAR as well as a surge in the use of aerial sensing applications act as the key driving forces of the global LiDAR market. However, some of the limitations of the LiDAR system include its higher cost when compared to RADAR systems ...
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Edge AI Processor Market to Witness Huge Growth from 2021-2030

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Allied Market Research, titled, “ Edge AI Processor Market ," The edge ai processor market was valued at $2.5 billion in 2021, and is estimated to reach $9.6 billion by 2030, growing at a CAGR of 16% from 2022 to 2030. The Edge AI Processor market size is expected to accelerate in the forecast time period. Edge has many advantages in addition to operational responsiveness, such as energy efficiency. As more data is processed at the edge, less data is moved to and from the cloud, resulting in lower data latency and energy consumption. Over half of organizations, according to the IBV, intend to use edge computing applications for energy efficiency management during the next few years. These factors are anticipated to boost the edge AI processor market growth over the forecast period. The global Edge AI processor industry is segmented on the basis of type, device type, and end-use. By type, the market is classified into central processing unit (CPU), graphics processing unit (GPU...
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Mining Automation Market to Record an Exponential CAGR by 2031

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According to Allied Market Research, titled “ Mining Automation Market ," The mining automation market was valued at $4.2 billion in 2024, and is estimated to reach $8.3 billion by 2034, growing at a CAGR of 7.1% from 2025 to 2034. Mining automation refers to the use of advanced technologies, such as autonomous equipment, robotics, artificial intelligence (AI), and machine learning (ML), to streamline and enhance mining operations. It enables the automation of tasks like drilling, hauling, and ore sorting, reducing human intervention in hazardous environments and improving safety, productivity, and operational efficiency. Automated systems can operate continuously, analyze real-time data for optimized decision-making, and lower operational costs through predictive maintenance and resource optimization. Mining automation supports the transition to smart mining by enabling remote monitoring, real-time control, and sustainable practices, making it a vital component in the future of...
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Wireless Testing Market to Witness Exponential Growth by 2028

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 Allied Market Research, titled, “ Wireless Testing Market  By Offering, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028 ”, the global wireless testing market size was valued at $10.48 billion in 2019, and is projected to reach $16.80 billion by 2028, registering a CAGR of 6.9% during the forecast period. North America accounted for the highest share, owing to the expansion of the telecom and consumer electronics market.     The wireless communications market has grown significantly with devices that required to undergo effective wireless testing to ensure they perform correctly and are reliable, safe, and secure. The increased integration of wireless technologies is enabling connectivity services in all kinds of devices and applications, such as connected cars, smartphones, wearable’s, smart cities, smart grids, smart homes, and eHealth. In addition, wireless testing solutions like chipset testing, UE testing, and wir...
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RF Semiconductor Market to Witness Exponential Growth by 2031

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Allied Market Research, titled “ RF Semiconductor Market ," The RF semiconductor market was valued at $18.9 billion in 2021, and is estimated to reach $39.6 billion by 2031, growing at a CAGR of 8.4% from 2022 to 2031. The rapid development of 5G technology and the rapid adoption of IoT technology has increased the need for robust network capacity are some of the factors driving the RF Semiconductor market.   RF Power Semiconductors stands for Radio Frequency Power Semiconductors. These electronic devices are used for cellular and mobile wireless communications. There are numerous applications such as military radar, air and maritime traffic control systems. Various materials such as silicon, gallium arsenide, and silicon germanium are used to manufacture RF power semiconductors.   The growth of the RF semiconductor market is fueled by the massive adoption of AI technology. AI enhances business by improving the customer experience, enabling predictive mainte...
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Radar Sensor Market to Observe Strong Development by 2030

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Allied Market Research, titled, “ Radar Sensor Market  By Type, Range, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the global radar sensor market size was valued at $10.63 billion in 2020, and is projected to reach $33.14 billion by 2030, registering a CAGR of 13.1%. Asia-Pacific region is expected to be the leading contributor to the global radar sensor market during the forecast period, followed by LAMEA, and Europe. Radar sensors use frequency modulated continuous wave radar to constantly detect moving or stationary targets. Higher frequency radar can see a broader array of objects & will be more beneficial than an ultrasonic sensor in maximum applications, including outdoors. Lower frequency radars is well suited for high dielectric objects including trains, cars, cargo, and trucks even in extreme weather condition.  Also, automotive radar sensor is widely used these days for radar-based driver assistance systems such a...
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Edge AI Hardware Market Set to Record Exponential Growth by 2030

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Allied Market Research, titled, “ Edge AI Hardware Market  By Component, Device Type, Process, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the global edge AI hardware market size was valued at $6.88 billion in 2020, and is projected to reach $38.87 billion by 2030, registering a CAGR of 18.8%. Asia-Pacific is expected to be the leading contributor toward the edge AI hardware market during the forecast period, followed by LAMEA and Europe.   Edge AI hardware is a device that can make decisions & process data independently without any external connection. These edge AI hardware does not have any issue of bandwidth and latency of real-time data, which influence application execution. Real time operations are very crucial in robots and self-driving cars among other applications. Global edge AI hardware market growth is anticipated to be driven by factors such as emergence of AI coprocessors for edge computing and rise in IoT appli...
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