TechnoMark News

Allied Market Research, titled  “ IoT Chips Market  by Hardware, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2023-2032,"  the IOT chips market was valued at $432.01 billion in 2022 and is estimated to reach $1.7 trillion by 2032, growing at a CAGR of 14.3% from 2023 to 2032. An Internet of Things (IOT) chip is a small electronic device equipped with sensors, processors, and communication modules that enable it to interact with other devices and systems via the internet. These chips collect data from their surroundings, process it, and transmit it to a central server or other connected devices. They play a crucial role in enabling the functionality of IoT devices by facilitating communication, data processing, and control. IoT chips are integral to various applications, including smart home devices, industrial automation, healthcare monitoring, and environmental sensing, driving the advancement of the IoT ecosystem. The increase in ad...

Allied Market Research, titled, “ Functional Safety Market  by Device Type, Safety System, Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2023-2032 ", The functional safety market was valued at $5.5 billion in 2022, and is estimated to reach $14.7 billion by 2032, growing at a CAGR of 10.52% from 2023 to 2032. Functional safety includes automatic protection mechanisms within a system, designed to respond to input errors, hardware and software failures, and operational stresses such as extreme environmental conditions. Its objective is to minimize risks to individuals, assets, and the environment by ensuring system safety under adverse circumstances. This involves implementing multilayered safeguards, incorporating inherent safety mechanisms, fail-safe design, and thorough testing across critical industries such as automotive, aviation, medical devices, and industrial automation. Through the implementation of functional safety principles, engineers can crea...

Allied Market Research, titled,  “ Electronic Components Market  by Type and Application: Global Opportunity Analysis and Industry Forecast, 2024-2032. " The electronic components market was valued at $0.6 trillion in 2023 and is estimated to reach $1.0 trillion by 2032, growing at a CAGR of 6.9% from 2024 to 2032. The market for electronics components is made up of a rich variety of fundamental devices that are indispensable for electrical circuitry and functionality. Such elements consist of integrated circuits, resistors, capacitors, transistors, sensors, diodes as well as optoelectronic devices, among others. They can be utilized as the basic building blocks of electronic systems in different sectors including automotive, consumer electronics, healthcare, and telecommunications. Technological advancements drive this continuous innovation, leading to smaller, faster, and more efficient components. The growing demand for connected devices, Internet of Things (IoT...

Allied Market Research, titled,  “ Digital Signage Market  by Offering, Product, Location, End User" . The digital signage market was valued at $23.6 billion in 2022, and is estimated to reach $50.6 billion by 2032, growing at a CAGR of 8% from 2023 to 2032. Digital signage is an emerging technology, that offers high image resolution and better picture quality over traditional displays. It offers enhanced contrast over the traditional OLED and LED media board display technologies. Moreover, digital display panel have features such as enhanced response time. In addition, the consumption of power by digital signage is less as compared to other technologies such as LEDs and OLEDs. Digital signage depends majorly on hardware components that ensure the delivery of high-quality content. These displays have replaced the traditional small and micro-display screens with large wall-sized LED and LCD displays, used across various industries. In the current business scenario, it is cruc...

Allied Market Research, titled, “ E-Paper Display Market ," The e-paper display market size was valued at $1.6 billion in 2020, and is estimated to reach $9.5 billion by 2030, growing at a CAGR of 17.3% from 2021 to 2030.  The major factors that boost the global e-paper display market growth include, the ongoing technological advances in e-paper screen, emerging application areas, positive environmental impact, and the advantages provided by e-paper display over other display technologies. In addition, the lower cost involved in manufacturing of large e-paper display and the efforts towards integration of e-paper with flexible electronics are anticipated to supplement the market growth. However, the low refresh rate of electronic paper display and the absence of multiple colors limit the market growth. The e-paper display market analysis is provided on the basis of product, application, and geography. The products segment is classified into auxiliary displays, e-reade...

Allied Market Research, titled, “ AI CCTV Market  by Offering, Camera Type, Deployment, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030 ” ,  the global AI CCTV industry size was valued at $14.83 billion in 2020, and is projected to reach $55.22 billion by 2030, registering a CAGR of 14.90%. Asia-Pacific is expected to be the leading contributor to the global market during the forecast period, followed by LAMEA and Europe.  AI CCTV is a network IP camera which execute advanced analytical functions such as face detection, person detection, vehicle detection, traffic counting, license plate recognition (LPR), and people counting. These AI features are realized by using extremely advanced video analytics software, which is integrated with the recorder and camera. The global AI CCTV market share is anticipated to witness significant growth during the forecast period, owing to factors such as increase in demand for technically advanced surveillanc...

Allied Market Research, titled, “ Microgrid Market  by Connectivity, Type, and End Use: Global Opportunity Analysis and Industry Forecast, 2021–2030 ,” the microgrid market size was valued at $15.88 billion in 2020, and is projected to reach at $59.74 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030. Increase in demand in remote areas and backup for military bases and stringent government initiatives to reduce carbon footprints. However, high installation and maintenance cost hinder the market growth. Growth in demand for smart microgrid solution in commercial and industrial sectors for reliable and uninterrupted power and electricity supply is expected to be opportunistic for the microgrid market growth. By connectivity, it is fragmented into grid connected and off-grid connected. The grid connected segment was the highest revenue contributor accounting for $9.41 billion in 2020, and is expected to witness the fastest growth at a CAGR of 15.6% during the forecast ...

Allied Market Research, titled, “ Home Security Solutions Market , " The home security solutions market was valued at $48.1 billion in 2021, and is estimated to reach $121.4 billion by 2030, growing at a CAGR of 10.56% from 2022 to 2030. Home security solutions refers to a system that assists people in protecting their houses from invaders. Installing home security systems looks to be the most effective method of safeguarding your home and family against intruders, robbery, theft, fire, and poisons. Home security systems include video surveillance, access control, fire alarms, motion detectors, and other devices. The global home security solutions market is segmented on the basis of type, solutions, installation, end use, and region. Based on type, the market has been divided into hardware, software/platform, service, and others. Based on solutions, the analysis has been divided into video surveillance system, alarm system, access control system, and others. Based on installat...

Allied Market Research, titled,“ Beacon Market , by type, technology, application: Global Opportunity Analysis and Industry Forecast, 2024-2032"  The beacon market was valued at $9.59 billion in 2023, and is estimated to reach $395.9 billion by 2032, growing at a CAGR of 53% from 2024 to 2032. Beacons are small Bluetooth transmitters that broadcast a signal to nearby smartphones and tablets. Beacons can be used to deliver targeted messages or promotions to customers who have opted-in to receive such notifications. They can also be used for location-based services, such as finding the nearest store or providing directions. The importance of beacons lies in their ability to provide a more personalized user experience while also helping businesses track customer behavior and preferences.  The growing utilization of beacons in logistics, warehousing, and retail sectors serves as a significant driving factor for the beacon industry. In logistics, beacons enable real-time tracki...

Allied Market Research, titled  " Automotive Electronics Market  by Vehicle Type, Component, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,"  projects that the global automotive electronics market size is estimated to reach $382.16 billion by 2026. In 2019, Asia-Pacific dominated the market, contributing a major share of the overall revenue, followed by Europe. Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles, and demand for in-vehicle safety features fuel the growth of the global automotive electronics market. The automotive Electronics industry deals in equipping vehicles with digital and automatic controls. Factors such as the adoption of IoT and AI in the automobiles, vehicles equipped with automated driving, the demand of in-vehicle safety features, increase in demand of infotainment features drive the market of automotive electronics. On the other hand, low adop...

Allied Market Research, titled,  “ Conversational AI Market  By Component, Deployment, Type, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030 ”, The conversational AI market size was valued at $5.78 billion in 2020, and is projected to reach at $32.62 billion by 2030, growing at a CAGR of 20.0% from 2021 to 2030. Conversational AI is a combination of natural language processing with machine learning solutions, such as virtual agents or conversational bots, which are specifically designed to interact with the user through talking. Further, conversational AI technology is designed to use machine learning, a large volume of data, and natural language processing to help virtual agents to imitate human interactions, text inputs, and human interaction to interpret their meanings in numerous languages. Furthermore, conversational artificial intelligence has components designed to allow Gartner chatbot or virtual agents to understand, process,...

 A semiconductor is a material product usually comprised of silicon, which conducts electricity more than an insulator, such as glass, but less than a pure conductor, such as copper or aluminum. Their conductivity and other properties can be altered with the introduction of impurities, called doping, to meet the specific needs of the electronic component in which it resides. Also known as semis, or chips, semiconductors can be found in thousands of products such as computers, smartphones, appliances, gaming hardware, and other electronic equipment. The Global Semiconductor Market was valued at $555.9 billion in 2021 and is projected to reach $1,033.5 billion by 2031, registering a CAGR of 6.21% from 2022 to 2031. Over the past three decades, the semiconductor industry has experienced rapid growth and delivered enormous economic impact. Chip performance and cost improvements made possible the evolution from mainframes to PCs in the 1990s, the web and online services in the 2000s,...

Allied Market Research, titled  “ Video Surveillance Market  by Component, Enterprise Size, System Type, Customer Type, and Application" . The video surveillance market was valued at $61.8 billion in 2022 and is estimated to reach $204.5 billion by 2032, growing at a CAGR of 12.8% from 2023 to 2032. A video surveillance system is a sophisticated and interconnected network of technological elements designed to observe, capture, and assess visual information within a specific setting. Consisting of surveillance cameras, devices for video recording and storage, and software for management, these systems serve diverse purposes, including security, safety, and operational optimization. Video surveillance systems provide real-time monitoring of the environment and people. This surveillance system is used to promote safety and security among the users. Next-generation video surveillance cameras are one of the most promising security solutions that have the capability of offering re...

 Allied Market Research, titled, “ Cables Market by Installation Type, Voltage Type, End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030 ," the global  cables market  size was valued at $74.72 billion in 2020, and is projected to reach $156.49 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030.  Cables play an integral part in the integration of various systems & sub-systems among various industry verticals. The demand for reliable connectivity, high-performance communicating channels, and efficiency in transferring data by various enterprise boosts the growth of the cables & connectors market. High-performance networks are essential for business, manufacturing, transportation, education, media, and security. Cables help to ensure that the data infrastructure performs flawlessly for its users at different times and multiple locations. Advancements such as high-definition video and multi-channel audio in the IT and electronics mar...

Allied Market Research, titled,  Digital Printing Market  Type, Ink Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028, ” the global digital printing market size was valued at $25.74 billion in 2019, and is projected to reach $35.71 billion by 2028, registering a CAGR of 3.7% from 2021 to 2028. A digital printing is a process of printing from an electronic file. Digital printing is an alternative printing method to traditional printing; thus, it eliminates unnecessary steps of traditional printing methods such as printing plates, color proofs, and more. However, digital printing has a higher cost per page than offset printing method but reduce the cost by producing several thousand lager print on sheets at a lower rate. Moreover, commercial printing is witnessing provisional and fundamental changes, as the immediate shift from offset printing to digital printing methods, owing to demand for low-cost printing methods.  Rapid adoption of...

 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 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 based on type, device type, and end-use. By type, the market is classified into central processing unit (CPU), graphics processing unit (GPU), and a...