TechnoMark News

 A new report published by 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 effec...

According to a new report published by Allied Market Research, titled, “ Micro Switch Market ," The micro switch market was valued at $0.7 billion in 2022, and is estimated to reach $1.2 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032. A micro switch is a type of electromechanical switch that is widely used in various industries and applications. It is a highly reliable and durable switch that can be operated by very small forces and is designed for long-lasting performance. Micro switches consist of a spring-loaded lever or button that is actuated by a small force, which causes the switch contacts to open or close. There are several types of micro switches available in the micro switch industry, including basic micro switches, miniature micro switches, subminiature micro switches, sealed micro switches, and snap action micro switches. Basic micro switches consist of a simple actuator and contacts, while miniature and subminiature micro switches are smaller in siz...

 Allied Market Research, titled, " VCSEL Market  by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017 - 2023, "the global VCSEL market was valued at $1,602 million in 2016, and is projected to reach at $4,749 million by 2023, growing at a CAGR of 15.7% from 2017 to 2023. A Vertical cavity Surface Emitting Laser (VCSEL) is a semiconductor-based laser diode that emits high power optical laser beam vertically from its top surface. Such devices replace edge emitting lasers (EEL) offering a wide range of applications especially in networks. A VSCEL device operates within a wavelength of 850 nm to 1310 nm and at transmission rate of 2.125-150 Gbps. North America dominates this market presently, followed by Europe. In 2016, the U.S. dominated the market in North America; similarly, the rest of Europe excluding UK, Germany, France, Spain, and Italy led the overall market in the European region. China is dominating the market in Asia-Pacific presently. ...

 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 2...

 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,  Smart Robot Market  by Component, Application, and Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2018-2025,   the global smart robot market is expected to value at $4,057 million in 2017, and is projected to reach $17,561 million by 2025, registering a CAGR of 19.6% from 2018 to 2025. At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while Germany is projected to lead the overall market in Europe. Smart robot is a reprogrammable, multifunctional manipulator designed to move material, parts, tools, or specialized devices through various programmed motions for the performance of a variety of tasks. Autonomous robot uses coding algorithm to perform a specified operation and changes its working in accordance with the changes made in the programming. By use of advanced technology, a smart robot can help people overc...

According to Allied Market Research, titled,  Global  Smart Headphone Market  by type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025 , the global smart headphone market was valued at $5,033.8 million in 2017, and is projected to reach $21,809.5 million by 2025, growing at a CAGR of 20.2% from 2018 to 2025. Presently, Asia-Pacific dominates this market. In 2017, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall smart headphone market in Europe in 2017. In the same year, the U.S. dominated the North America market. In 2017, based on type, the in ear type was the dominant segment, in terms of revenue, and is anticipated to continue this trend during the forecast period. However, based on distribution channel, offline segment dominated the global market in the same year. The key factors that drive the growth of the global market include increase in penetration of infotainment devices, rapid tec...

 Allied Market Research, titled, " Global  Interactive Display Market  by Panel Type, Technology, Screen Size, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026 ," the global interactive display market size was valued at $14.63 billion in 2018, and is projected to reach $29.19 billion by 2026, growing at a CAGR of 8.80% from 2019 to 2026.  Interactive screens allow users to access and manipulate different files. These screens include large-format interactive displays (LFID), interactive whiteboards, interactive touchscreens, used for advertisement, education, and another sector. The interactive display market is expected to grow increasing the adoption of new technologies and rise in demand for touch-based devices.   The major factors that drive the global interactive display market include growth in the flexible display technologies, increase in demand for interactive whiteboard in education sector, and rise in tren...

 Allied Market Research, titled,  " Industrial LED Market  by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019–2026,"  the global industrial LED market size was valued at $5.57 billion in 2018, and is projected to reach $20.16 billion by 2026, registering a CAGR of 16.8% from 2019 to 2026.  An LED is a semiconductor device, the output of which ranges from blue violet (about 400 nanometer (nm)) to red (about 700 nm). Some LEDs are called infrared-emitting diodes (IREDs), emitting infrared (IR) energy, which is greater than or equal to 830 nm. An LED consists of two elements of processed material called N-type semiconductors and P-type semiconductors, which are placed in direct contact to form a region called P–N junction.  The industrial LED market possesses high potential. This is attributed to the fact that in the current business scenario, there has been an increase in demand for industrial LEDs, particularly...

 Allied Market Research, titled,  " DC-DC Converter Market  By Input Voltage, Output Voltage, Mounting Style, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027" , the global DC-DC Converter market size was valued at $8.76 billion in 2019, and is projected to reach $17.85 billion by 2027, registering a CAGR of 11.10% from 2020 to 2027. DC-DC converters that generate a precise and constant current are proving to be a crucial factor in the development of mission-critical electronic components. The DC-to-DC converter is a type of electric power converter that converts a source of direct current (DC) from one voltage level to another. They are increasingly used in portable electronic devices such as cellular phones and laptop computers. Previously and before the development of power semiconductors, the primary way to convert the voltage of a DC supply to a higher voltage was via AC.   DC-DC converters are widely used to efficiently produce a ...

 Allied Market Research, titled, “ smart thermostat market  technology, application, and end user: opportunity analysis and industry forecast, 2020–2027 ,” the global smart thermostat market size was valued at $1.86 billion in 2019, and is projected to reach at $11.36 billion by 2027, growing at a CAGR of 28.00% from 2020 to 2027. A smart thermostat, which is also commonly known as communicating or connected thermostat, is an electronic device that enables creation of programmable and automatic temperature settings based on weather conditions, heating & cooling needs, and daily schedules. Smart thermostat has the ability to learn patterns of its surroundings, thereby saving energy of heating and cooling systems. For instance, a smart thermostat installed in a household analyzes patterns of the household and adjusts heating and cooling according to the same. Subsequently, it reduces use of heating and cooling systems when the house is empty for a significant period. Furth...

 Allied Market Research, titled, “ Distributed Temperature Sensing (DTS) Market  By Fiber Type, Operating Principle, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030 ”, the distributed temperature sensing market size was valued at $734.23 million in 2020, and is projected to reach at $1.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.   A distributed temperature sensing (DTS) technology is an enhanced temperature monitoring device used to monitor optical fiber solution over a long distance or across large surfaces. The distributed temperature sensing technology is designed to be used across submarine and underground power cables. Further, DTS system used in prime industries, such as oil & gas, pipelines, and fire detection offers critical information about the actual reservoir conditions. In addition, the rise in demand for high-speed network solutions is expected to significantly contribute in the growth of the marke...

Allied Market Research, titled,  " Torque Sensor Market  by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018–2026" , the global torque sensor market size was valued at $8.39 billion in 2018 and is estimated to reach $16.82 billion by 2026, growing at CAGR of 7.7% from 2019 to 2026. The Torque meters or Torque transducers are used to measure the torque of the systems that are rotating such as electric motors, gear box, craft shifts, and others. An important parameter in all the machines and engines is torque, which requires constant monitoring and measurement. The market is growing, owing to rise in application of torque sensors in the automotive sector. The market has a great opportunity to grow, owing to the development in the non-contact and wireless sensors. The global torque sensor market is expected to witness high growth rate during the forecast period, owing to increase in demand for rotary and linear force torque sensors due to their w...

Allied Market Research, titled, “ Gas Sensor Market  by Gas Type, Technology and End Use:  Opportunity Analysis and Industry Forecast, 2020-2027 ,” the global gas sensor market size was valued at $823.1 million in 2019, and is projected to reach $1,336.2 million by 2027, growing at a CAGR of 6.4% from 2020 to 2027. Increasing demand for gas sensors for various end uses has fueled the gas sensor market growth globally and is estimated to increase further during the forecast period. The competitive advantages of gas sensors over conventional alternatives have also been described in the report. Gas sensors have a wide range of end uses in automobiles such as fuel & ignition, powertrain systems, emission control among others. Gas sensors have ample opportunities in consumer electronics such as in HVAC systems, and wearable devices, which is expected to boost the market growth of gas sensors. Air pollution is a major problem globally. According to the World Health Organizat...

 According to Allied Market Research, titled “ Microcontroller Market  by Product Type and Application: Opportunity Analysis and Industry Forecast, 2020–2027 ,” the global microcontroller market size was $16.49 billion in 2019, and is projected to reach $42.19 billion by 2027 to register a CAGR of 11.50% during the forecast period. Asia-Pacific is expected to be the leading contributor to the global microcontroller market, followed by North America and Europe.   A microcontroller is a small and low-cost microcomputer, designed to perform specific tasks of embedded systems such as displaying microwave information and receiving remote signals. This general microcontroller consists of a processor, memory such as RAM, ROM, EPROM, Serial ports, peripherals including timers, and counters. On the basis of product type, the microcontroller market is divided into three categories including 8-bit microcontroller, 16-bit microcontroller, and 32-bit microcontroller.  In...

Allied Market Research, titled, “ Power MOSFET Market  by Type, Power Rate, and Application: Opportunity Analysis and Industry Forecast, 2020–2027 ,” the global power MOSFET industry size was valued at $5.43 billion in 2019, and is projected to reach $9.90 billion by 2027, registering a CAGR of 6.60% from 2020 to 2027. The power MOSFET industry holds a substantial scope for growth in the global market. Currently, it is in its growing stage; however, its contribution to the global industry is expected to witness significant growth within the next few years. High cost associated with power MOSFET manufacturing is a major limitation for the market growth. However, recent innovations, which implant high efficiency and innovative features in smart devices, have enabled the technology to reach a wider audience base. Numerous players are entering the market with innovative products. Emerging development in IoT and growth of autonomous products are expected to drive the power MOSFET mark...

Allied Market Research, titled,  AR/VR Smart Glasses Market  by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2020–2027 ,” the global AR/VR smart glasses market size was valued at $8.31 billion in 2019, and is projected to reach $33.16 billion by 2027, registering a CAGR of 16.6% from 2020 to 2027. The AR/VR smart glasses market holds a substantial scope for growth in the global market. Currently, it is in its growing stage. However, its contribution to the global market is expected to witness significant growth within the next few years. High maintenance cost associated with AR/VR smart glasses is a major limitation for the market growth.  However, recent innovations, which implant high efficiency and innovative features in smart glasses, have enabled the technology to reach a wider audience base. Numerous players are entering the AR/VR smart glasses market with innovative products. Emerging development in IoT and growth of autonomous products ar...