TechnoMark News

Allied Market Research, titled,  “ Wearable Electronics Market Size by Product, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,"  the global wearable electronics market size was valued at $81.40 billion in 2020, and is projected to reach $459.58 billion by 2030, growing at a CAGR of 19.96% from 2021 to 2030. Wearable electronics refers to an integrated computing device or product, which helps the person or the user wearing it to enhance day to day activities. The dawn of mobile wireless systems, smart phones, has sparked a new era for wearable electronics globally. Gadgets which were deemed to be just used in industrial & commercial applications have now found their way into normal consumers enhancing their quality of life through various applications such as healthcare, sports & fitness, and lifestyle among a few. The prominent factor that drives the wearable electronics market growth include lower device cost due to...

Allied Market Research, titled,  “ 3D Scanning Market Size By Type, Services, Range, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030”,  The 3D scanning market size was valued at $3.72 billion in 2020, and is projected to reach at $16.66 billion by 2030, growing at a CAGR of 16.3% from 2021 to 2030. 3D scanning technology is an improved process of analyzing an environment in the real world by collecting data in order to recreate a three-dimensional shape and appearance. Moreover, 3D laser scanner is well suited to the measuring & inspection of curved surfaces and complicated geometries that require enormous volumes of data with the correct description. The 3D scanning market has witnessed significant development, owing to the high adoption of AR/VR devices and the commercialization of autonomous vehicles. The global 3D scanning market trends are majorly driven by increase in need to capture large volumes of 3D data for modelling and analys...

According to Allied Market Research, titled “ LED Market Size ," the global LED Market   size was valued at $78.69 billion in 2020, and is projected to reach $192.68 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Asia-Pacific is expected to be the leading contributor to the global LED Market, followed by Europe and North America. A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. Light emitting diodes (LEDs) are used in variety of applications. The application of LED was limited to certain specific lighting needs and were not introduced in the mainstream general lighting applications. Introduction of LED in applications such as general lightings has  fueled  the market growth. LED is expected to take over the conventional Compact Fluorescent Lamp (CFL) and Cold Cathode Fluorescent Lamp (CCFL) lighting market, due to advanced features. Moreover, it is a cost-effective solu...

Allied Market Research, titled, “ E-Paper Display Market Size ," 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 applications 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...

Allied Market Research, titled, “ Embedded Processor Market Size By Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028 ”, the global embedded processor market size was valued at $19.36 billion in 2019, and is projected to reach $32.53 billion by 2028, registering a CAGR of 8.2%. Asia-Pacific is expected to be the leading contributor to the global embedded processor market during the forecast period, followed by North America and Europe. An embedded processor is a type of microprocessor that is designed for an operating system to control the electrical and mechanical systems of the microprocessor. Embedded processors are usually simple in design and require minimal power for their computational operations. An embedded processor is especially designed for handling the needs of an embedded system and to handle multiple processors in real time. As embedded system requires low power, they are preferred by various industry verticals as they draw less power ...

Allied Market Research, titled, “ Electron Microscopy Market Size  By Type (Scanning Electron Microscope (SEM), Transmission Electron Microscope (TEM)), By Application (Life Sciences, Material Sciences, Other), By End User (Healthcare, Research Institute, Others): Global Opportunity Analysis And Industry Forecast, 2022-2031". The electron microscopy market was valued at $3.7 billion in 2021, and is estimated to reach $8.3 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031. Electron microscopy represents an advanced imaging method that employs a concentrated beam of electrons to visualize specimens with exceptional precision on a micro- to nanoscale level. In contrast to traditional optical microscopy, this technique harnesses the short electron wavelength, enabling the acquisition of high-resolution images that can discern structures at atomic scales. The technology is categorized into two primary forms: Transmission Electron Microscopy (TEM), which directs electrons t...

Allied Market Research, titled, “ Compound Semiconductor Market Size  by Type, Product, Deposition Technology, and Application: Global Opportunity Analysis and Industry Forecast," The compound semiconductor market was valued at $90.7 billion in 2019, and is estimated to reach $347 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031. Compound semiconductors are single-crystal semiconductor materials that comprise two or more elements. Some qualities change as two or more elements come together to create a single semiconductor crystal, while other properties are added. Rather than using silicon, which lacks this feature, in light-emitting diodes, compound semiconductor technology is preferred.  Key factors that drive the growth of the compound semiconductor market include an increase in demand for compound semiconductor epitaxial wafer in LED technology, emerging trends toward compound semiconductor wafers in the automotive industry, and the advantage of compound s...

Allied Market Research, titled, “ Digital Out of Home Market Size  By End-User (Automotive, Personal Care And Households, Entertainment, Retail, Food And Beverages, Telecom, BFSI, Others), By Format Type (Billboard, Transit, Street Furniture, Others), By Application (Indoor, Outdoor): Global Opportunity Analysis And Industry Forecast, 2021-2031" The digital out of home (DooH) market was valued at $18.80 billion in 2020, and is estimated to reach $58.67 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031. Digital out of home is a type of display advertising in which promotional media is dynamically and digitally presented in public outdoor places such as airports, subways, bus stops, commercial buildings, and so on. Digital out of home advertising boosts brand recognition by engaging a broad audience in real-time. Further, this form of message delivery is supported by dynamic digital technology maximized with real-time capabilities of user engagement to target consu...

Allied Market Research, titled, “ LiDAR Market Size   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 s...

Allied Market Research, titled, “ Machine Sensor Market Size ," The machine sensor market was valued at $16.5 billion in 2022, and is estimated to reach $35.8 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032. A machine sensor is a device that can detect changes or variations in physical properties such as temperature, pressure, humidity, motion, vibration, and sound, among others. These sensors are integrated into machines to monitor their performance, detect faults or malfunctions, and optimize their operation. Machine sensors can be analog or digital, and they are often connected to a data acquisition system or a programmable logic controller (PLC) that can process and analyze the sensor data.   Real-time monitoring is a common application of machine sensors, where they provide real-time data on the performance of machines. This enables operators to monitor their operations and make informed decisions based on the data they collect. Machine sensors are also e...

Allied Market Research, titled, “ Linear Actuator Market Size   By Operation Mechanism and End Use Industry: Global Opportunity Analysis and Industry Forecast, 2023-2032 ", the linear actuator market was valued at $17.4 billion in 2022, and is estimated to reach $31.2 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032. The linear actuator is a device that creates motion in a straight line. It transfers energy, which can be in any of the different forms like electricity, propulsion or pneumatics, into a linear motion. This motion is typically used to push or pull something, lift or lower loads, or position them with high precision. Linear actuators offer several advantages. They provide precise control over movement, can maintain a position with power off, and can be designed for high force and long-life operation. It may be used in a number of industries, from machines that function valves or gates to purchasing digital goods, which includes alter desks and automati...

Allied Market Research, titled, “ Silicon Wafer Market Size   By Type, Wafer Size and Application: Global Opportunity Analysis and Industry Forecast, 2023-2032",  the silicon wafer market was valued at $15.4 billion in 2022, and is estimated to reach $25.9 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.  Silicon wafer is a material used for producing semiconductors, which can be found in all types of electronic devices that improve the lives of people. Silicon, which is used in Silicon Substrate comes second as the most common element in the universe; it is mostly used as a semiconductor in the technology and electronic sector. This super-flat disk is refined to a mirror-like surface. Besides, it is also made of subtle surface irregularities which make it the flattest object worldwide. It is also extremely clean, free of impurities and microparticles, qualities that are essential in making it the perfect substrate material for modern semiconductors. S...

Allied Market Research, titled, “ Quantum Sensors Market Size  by Product Type, and Application: Global Opportunity Analysis and Industry Forecast, 2023-2032, " The quantum sensors market was valued at $0.3 billion in 2022, and is estimated to reach $1.1 billion by 2032, growing at a CAGR of 14.1% from 2023 to 2032. By product type, the atomic clocks segment is projected to manifest the highest CAGR of 15.03% during the forecast period, owing to increasing demand for precision timing synchronization in various applications such as telecommunications, global navigation satellite systems (GNSS), and financial trading platforms. A quantum sensor employs the principles of quantum mechanics to measure physical attributes like light, magnetic fields, or temperature with exceptional precision and sensitivity. These devices leverage quantum phenomena like superposition and entanglement to attain remarkable levels of accuracy. Quantum sensors find broad utility across vario...

 Allied Market Research, titled, “ Printed Electronics Market Size  By Technology, Material, and Application " The printed electronics market size was valued at $9.4 billion in 2022, and is estimated to reach $55.7 billion by 2032, growing at a CAGR of 20.1% from 2023 to 2032. The printed electronics market growth projections is expected to witness substantial growth during the forecast period. This is attributed due to the creation of electrical circuits using additive technologies Traditional electronics production relies on time-consuming and wasteful subtractive techniques such as etching and milling. Printed electronics, on the other hand, take a more environmentally friendly method, depositing electronic inks onto substrates precisely and controllably. This additive manufacturing technology not only reduces material waste, but it also opens new opportunities for building electronics on unusual surfaces. The printed electronics market demand out due to its low cost...

Allied Market Research, titled “ Smart Container Market Size , by Offering Technology, Industry Vertical . " The smart container market was valued at $4 billion in 2022, and is estimated to reach $24.1 billion by 2032, growing at a CAGR of 19.8% from 2023 to 2032. A smart container is a technologically advanced shipping or storage unit equipped with integrated sensors, communication devices, and data analytics capabilities. These containers leverage Internet of Things (IoT) technology to provide real-time monitoring and communication, allowing stakeholders to track and manage critical parameters such as location, temperature, humidity, and security features. The data generated by smart containers enables informed decision-making, enhances supply chain visibility, and promotes efficient inventory management.  Smart container market growth projections contribute to enhanced security in the transportation of goods with the ability to actively detect and report unauthorize...