TechnoMark News

 Allied Market Research, titled,   Industrial Wireless Sensor Network Market by Sensor, Technology, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023,  the global industrial wireless sensor network market was valued at $573 million in 2016, and is projected to reach at $1,200 million by 2023, growing at a CAGR of 11.0% from 2017 to 2023. Presently, North America dominates the industrial wireless sensor network market. However, China is expected to register the highest growth in Asia-Pacific by 2023. Moreover, the UK is anticipated led the overall market in the European region in 2023. Presently, the U.S. dominates the North American market. Surge in popularity of industrial wireless sensor technology has driven the market growth. Furthermore, low cost and easy deployment of industrial wireless sensor network fuel the growth of the market. However, data security and privacy concerns are expected restrain the growth of the market. In...

 Light Fidelity (Li-Fi) is a very high speed, two-way wireless communication method which uses visible light from LEDs as the medium for transmitting the data by turning them on and off at very high frequency which human eyes cannot sense. This technology is an apt replacement for currently prevailing Wi-Fi technology as Li-Fi is considerably faster, has almost 10,000 times broader bandwidth because it uses visible light, and it is safe to operate in electromagnetic sensitive areas. Light Fidelity (Li-Fi)/Visible Light Communication Market  report, published by Allied Market Research, forecasts that the global market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period 2016 - 2022. In 2015, North America contributed major share in the market and will continue to lead throughout the forecast period. Li-Fi incorporates three major components, which are LED, photodetector, and microcontroller. Among the three components, in ...

Smartwatch Market Report, published by Allied Market Research, forecasts that the  Asia Pacific Smartwatch market is expected to garner $28,596 million by 2022, registering a CAGR of 69.8% during the period 2016-2022. Increase in the number of smartphone users, technological advancements, and rise in demand for high-end devices lead the market growth to a significant extent in the Asia-Pacific region. The smartwatch market has grown at a steady pace. Smartwatch leads the bandwagon for wearable devices that enables a user to easily switch to it replacing traditional watches and providing more usability, functionality, and convergence similar to smartphones, which captured the market around two decades ago. Extension smartwatches dominated the market in 2015, owing to its usage simplicity and multitasking ability. However, classic smartwatch is projected to witness the fastest growth over the forecast period. Among the operating systems, Android based...

Allied Market Research, titled,  Global Semiconductor Lasers Market by Type and End User Application: Opportunity Analysis and Industry Forecast, 2014-2022,  the semiconductor lasers market is expected to reach $8.9 billion by 2022 from $5.5 billion in 2015, growing at a CAGR of 6.9% during the forecast period. In 2015, Asia-Pacific dominated the overall market with over 38% share and is anticipated to continue this trend during the forecast period. Semiconductor laser is a type of solid-state laser light producing device that differs from conventional lasers on the basis of mechanism used for light amplification. In a semiconductor laser, the active semiconductor components are used for amplifying the light which enables it to have compact size. In addition, it requires less power and is more efficient as compared to conventional laser. The rise in demand of semiconductor lasers in defense sector, increased usage in medical sector, dedicated assembly, and low tolerance f...

Allied Market Research, titled,  Nano Programmable Logic Controller (PLC) Market by Component, Service, Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023,  the nano programmable logic controller (PLC) market was valued at $2,585 million in 2016, and is projected to reach $4,250 million by 2023, growing at a CAGR of 7.0% from 2017 to 2023. The Processor segment held nearly half of the total market in 2016 Nano programmable logic controller is used across numerous industries such as energy & power, automotive, oil & gas, pharmaceutical, and others. At present, rise in demand for automated electronic devices and increase in trend of artificial intelligence (AI) drive the market. Moreover, popularity of Internet of Things (IoT) is expected to provide lucrative opportunities to market players. The processor segment is estimated to maintain its lead in the global nano programmable logic controller (PLC) market, as it is the most i...

  North America 3D Printing Market   Report , published by Allied Market Research, forecasts that the  North American 3D Printing market is expected to garner $5.01 billion by 2022, registering a CAGR of 20.1% during the period 2016-2022. Development of customized complex products using a wide range of materials drives this market. Higher accuracy, reduction in production cost and time coupled with minimized human error supplement its growth. 3D printing is used across various industries, including consumer products, aerospace, automotive, healthcare, defense, and education and research. It enables efficient management of resources and increases production output while minimizing wastage and operating costs. 3D printing is implemented for various applications that include development of prototypes, functional models, presentation models, artistic products, and custom parts. The consumer products sector accounted for a major revenue share of the Nort...

Allied Market Research, titled,   Smart Textile Market by Function, and by End-User Industry - Global Opportunity Analysis and Industry Forecast, 2014 2022  the global smart textile market was valued at $943 million in 2015, growing at a CAGR of 28.4% during the forecast period to reach $5,369 million by 2022. In 2015, the military & defense segment accounted for one-fourth of the total share, in terms of revenue. The significant factors driving smart textile market growth include integration of wearables and smart textiles, increasing use of nanotechnology, and its application in smartphones & other sophisticated gadgets. The electronic components can be miniaturized and integrated with smart textiles, which help to monitor and regulate body temperature, monitor heartbeat, and protects body from outside radiations. In addition, the application of nanotechnology is extended with the production of nanofibers. The use of nanofibers in the fabric is applied widely in t...

 Allied Market Research, titled,  Global Mining Automation Market by Technique and Type: Global Opportunities Analysis and Industry Forecast, 2017-2023,  the mining automation market was valued at $2,193 million in 2016, and is projected to reach at $3,810 million by 2023, growing at a CAGR of 7.9% from 2017 to 2023. Mining automation involves use of process and software automation, and incorporation of robotic technology in mining vehicles and automation. In 2016, the underground mining segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure. Asia-Pacific was the highest revenue contributor to the golf cart market in 2016, accounting for around 31.41% share, owing to surge in demand for mobility for automation and increase in transition from manual work to automated work. The report features a competitive scenario of the mining automation market and provides a comprehensive analysis of key growth strategies...

 Allied Market Research, titled,  Global Industrial Internet of Things (IIoT) Market by Component and Application: Opportunity Analysis and Industry Forecast, 2017-2023,  the IIoT market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023. IIoT is a network of multiple devices connected through communications technologies. The sub-systems are able to collect, monitor, analyze, and deliver insights for driving business decisions for the industrial companies. IIoT is an integration of advanced technologies such as Machine-to-Machine (M2M) communication In 2016, the hardware components dominated the IIoT market in terms of revenue. Further, based on application, the manufacturing application led the market with 35% share in 2016. Key Findings of the Industrial Internet of Things (IIoT) Market: Hardware components are projected to continue to maintain their leading position ...

 Allied Market Research, titled, " Wearable Sensor Market  by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2014 - 2022 ",the global wearable sensor market was valued at $123 million in 2015, and is projected to reach $2,258 million by 2022, growing at a CAGR of 52.9% from 2016 to 2022. The wrist wear segment accounted for more than 45% share of the global market in 2015. Medical implants equipped with wearable sensors are used in diagnostic and monitoring applications. In the healthcare sector, wearable sensors are mostly used in remote monitoring systems, which collect physiological and movement data for monitoring the health of patients. The global wearable market is driven by factors such as introduction of new wearable sensors integrated in products such as smart shirt, eyewear, smart ring, and others through technological advancements, growing popularity of Internet of things (IOT) trend, and increasing use of smart consumer electr...

Allied Market Research, titled,  " Multi-Touch Screen Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,"  the global multi-touch screen market was valued at $6 billion in 2016, and is projected to reach $16 billion by 2023, growing at a CAGR of 15.9% from 2017 to 2023. The capacitive technology segment contributed nearly 45% share to the global market in 2016. An increase in number of electronic display devices, rise in trend of retail & media applications, and surge in investment from corporate users are some of the factors that drive the market growth. However, factors such as lack of availability of raw material and high cost of panels restrain the market growth. Moreover, increase in investment for multi-touch displays for emerging applications is anticipated to provide new opportunities in the market. The capacitive technology segment contributed nearly about 46%, and dominated the global market in 2016. Capaciti...

Allied Market Research, titled, "  Smart Lighting Market  by offering, Connectivity Technology, lighting technology, application, and Industrial Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026 ," projects that the global smart lighting market size is estimated to reach $38.68 billion by 2026. In 2019, North America dominated the market, contributing more than a 33% share of the overall revenue, followed by Europe. Emerging advancements in smart lighting; rapid adoption of residential, commercial, and industrial automation; and rise in penetration of smart infrastructure fuel the global smart lighting market growth. Smart lighting is designed to manage luminance remotely. It ensures energy efficiency and includes automated controls and highly efficient fixtures that can adjust depending on conditions, such as occupancy and external lighting. Lighting is an intentional use of light to add practical and aesthetic effect to a space. Furthermore, these...

Allied Market Research, titled, “ Ultrasonic Sensor Market  by Product Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2028 ,” the global ultrasonic sensor market size was valued at $4.90 billion in 2020, and is projected to reach $10.43 billion by 2028, registering a CAGR of 11.10%. The Asia-Pacific region is expected to be the leading contributor to the global market growth during the forecast period, followed by North America and Europe.  Ultrasonic sensor is an electronic instrument, which measures the distance to an object via ultrasonic sound waves. It works on high-frequency sound waves, which reflect from an object to generate dissimilar echo patterns. It uses transducer to send & receive ultrasonic signals that relay back data about an object’s proximity. It is widely used in many applications such as presence detection, stacking height control, robotic sensing, liquid level control, loop control, full detection, through-...

 Allied Market Research, titled, “ Power Management Integrated Circuits Market  by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2020–2027 ” the global power management integrated circuits market size was valued at $33.96 billion in 2019, and is projected to reach at $51.04 billion by 2027, growing at a CAGR of 5.3% from 2019 to 2027. Asia-Pacific is expected to be the leading contributor to the global power management integrated circuits market, followed by North America and Europe. Power management ICs are highly integrated power management solutions used for a wide range of battery-operated electronic devices. PMICs are extensively used to fulfill power requirements in various applications such as consumer electronics, automobile, telecom & networking, and in the industrial sector. The global PMICs market is estimated to witness significant growth during the forecast period.  The growth is primarily due to rise in production of automobil...

Allied Market Research, titled, “ Operating Room Integration Market  by Device Type, Application, and End Use:  Opportunity Analysis and Industry Forecast, 2020-2027 ,” the global operating room integration market size was valued at $1.77 Billion in 2019, which is projected to reach $4.19 Billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027. The remote and ease of control for video output, high-quality display technologies, multiple video screens streaming on one display, and share of videos between different operating room increase the demand for video over IP solutions. Further, the launch of latest A/V streaming devices over IP solutions for digital operating rooms drives the operating room integration market growth. For instance, Sigma-XG which is a one product and one cable infrastructure, which means the device uses only one cable for connection throughout the building it is installed in and can be used to stream video in multiple operating rooms. Therefore, t...

Allied Market Research, titled, “ Humanoid Robot Market ," The humanoid robot market was valued at $307.60 million in 2021, and is estimated to reach $609.5 million by 2031, growing at a CAGR of 7.7% from 2022 to 2031. The introduction of advanced features in humanoid robots is a key element that has boosted the growth of the Humanoid Robot Market. The increased usage of humanoid robots for security and surveillance applications, including the detection of terrorist activities, unauthorized intrusion, and enhanced use of AI robots in hazardous environments, are the primary forces driving the expansion of the humanoid robot market size. Other factors influencing the market for humanoid robots are the speedy development of sophisticated robots to enhance consumer contact and experience, as well as the growing demand for robots in retail applications. Additionally, the rising importance of personalized robots that help customers in their daily activities is boosting demand for huma...

 Allied Market Research, titled,  “ Pay TV Market  By Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028 ”, the global pay TV market size was valued at $182.32 billion in 2020, and is projected to reach $203.13 billion by 2028, registering a CAGR of 1.5% during 2021 to 2028. Pay TV is a subscription-based TV service provided by multichannel television providers. The major types of pay TV include cable TV, satellite TV and IPTV. The cable TV is widely used by consumers in residential and commercial applications. Satellite TV is a broadcasting TV. It is a wireless service to deliver television programming directly to the viewer’s house. IPTV refers to Internet based Protocol Television where internet is used to deliver TV programs to the viewer’s location. Pay TV offers programs such as movies, sport events, news channel and educational programs.   Factors such as increasing number of subscriptions, launch of new television channels ...

Allied Market Research, titled, “ Electronic Protection Device Coatings Market ," The electronic protection device coatings market size was valued at $1.1 billion in 2022, and is estimated to reach $1.9 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032. Electronic protection device coatings refer to specialized coatings or films applied to electronic devices or components to offer protection against various environmental and operational factors. These coatings are designed to enhance the durability, reliability, and performance of electronic devices by safeguarding them from moisture, dust, chemicals, heat, electrical interference, and different potential hazards. These coatings are thin and transparent films that conform to the structure of the device. They protect against moisture, dust, chemicals, and corrosion. Conformal coatings are commonly used in printed circuit boards (PCBs), connectors, and other electronic components. The rising demand for electronic devi...

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 have 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 main...

 Allied Market Research, titled, “ Audio Amplifier Market ," The audio amplifier market was valued at $4.2 billion in 2022, and is estimated to reach $7 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. Audio amplifiers are electronic devices that amplify the amplitude of audio signals, allowing them to be played at a higher volume level through speakers or headphones. These amplifiers are essential components of audio systems because they provide the required power and amplification to drive speakers and create clear, strong music. The audio amplifier market analysis market includes audio amplifiers used in consumer electronics such as home audio systems, televisions, smartphones, and automotive infotainment systems, as well as professional audio equipment used in concerts, theatres, recording studios, and public address systems. The market for audio amplifiers is driven by the growing traction of in-vehicle infotainment systems for the audio amplifier market. A r...