The telecom electronics manufacturing services (EMS) market is estimated at US$10.222 billion for the year 2019 growing at a CAGR of 6.18% to reach the market size of US$14.648 billion by 2025. The primary growth factors for the market growth of the telecom electronics manufacturing industry include the rising demand for communication devices and the continuously evolving trend and the expansion of wireless communication. The telecom manufacturing services majorly include the design and Read more...
Global electron microscopes market is projected to grow at a CAGR of 6.42% during the forecast period, to reach a market size of US$3.484 billion in 2025 from US$2.399 billion in 2019. The global electron microscopes market is witnessing a healthy growth due to the requirement of advanced and magnified image output of objects up to several nanometers. In comparison to the optical microscope, an electron microscope generates much magnified and detailed output. An electron microscope uses a Read more...
The global photonics market is projected to grow at a CAGR of 5.85% to reach US$829.775 billion by 2025, from US$589.950 billion in 2019.The market for photonics is expected to surge during the forecast period owing to the extensive application of photonics in the various end-use industries. This includes life sciences, manufacturing, electronics, information and communications technology, photovoltaics, and security and defense. The market is expected to fuel in the forecast period with the g Read more...
Crop spraying drones market is projected to grow at a CAGR of 71.34% during the forecast period, reaching a total market size of US$48.681 billion in 2024 from US$1.924 billion in 2018. The crop-spraying drones are used for spraying pesticides in the agricultural fields. These drones are useful as it sprays faster and more precisely than manual labor spraying. Spraying is a hazardous activity and it endangers the health of farmers and laborers while also resulting in massive overuse of toxic c Read more...
Consumer drones market is projected to grow at a CAGR of 6.09% during the forecast period, reaching a total market size of US$4.278 billion in 2024 from US$3.000 billion in 2018. Drones are the aerial vehicles or aircraft systems working in conjunction with onboard sensors and GPS systems that can be controlled remotely or through the use of the software. Drones are normally used for defense, military, and warfare, but in recent times its use in various fields such as photography, agriculture, Read more...
Solid state LiDAR market is projected to grow at a CAGR of 121.28% during the forecast period, reaching a total market size of US$92.741 million in 2024 from US$0.790 billion in 2018. The LiDAR (Light Detection and Ranging) is a remote sensing technology that uses pulse from a laser to collect measurements which can then be used to create 3D models and maps of objects and environments. Currently, the LiDAR that is being utilized is mechanical LiDAR that is not only costly but also are bulky, w Read more...
The global biochips market was valued at US$8.155 billion in 2018 and is expected to grow at a CAGR of 19.7% over the forecast period to reach a total market size of US$23.982 billion by 2024. A biochip is a set of diminished microarrays that are placed on a strong substrate that allows many experiments to be executed at the same time to obtain output in less time. It contains millions of sensor elements or biosensors and unlike microchips, is not an electronic device. Biochip acts like a micr Read more...
The global microbolometer market was valued at US$573.531 million in 2018 and is expected to grow at a CAGR of 6.70% over the forecast period to reach a total market size of US$846.227 million by 2024. The global microbolometer is expected to propel during the forecast period owing to their growing demand due to their low power consumption, which is cheaper, reliable, and lightweight in comparison to their substitutes. A growing trend of the adoption of low power consumption devices will also Read more...
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