MEMS LiDAR market is projected to grow at a CAGR of 64.50% during the forecast period, reaching a total market size of US$8.978 million in 2024 from US$0.453 million in 2019. MEMS LiDAR market is driven by increasing demand from the automobile industry. With the increasing demand for automated vehicles, demand for LiDAR is increasing. MEMS helps in the manufacturing of cost-effective and smaller LiDAR. However, the presence of substitutes and lack of awareness about technology can hamper the g Read more...
The nanotools market was valued at US$8.258 billion in 2018 and is expected to grow at a CAGR of 11.97% over the forecast period to reach a total market size of US$16.276 billion in 2024. Nanotechnology is manipulation of matter on an atomic, and molecular scale. Nanotools are devices and equipment used in nanometrology. The demand for nanotools is increasing with the increasing applications of nanotechnology in various industries. Increasing demand for energy-efficient and highly innovative t Read more...
LiDAR for ADAS market is projected to grow at a CAGR of 31.38% during the forecast period, reaching a total market size of US$63.498 million in 2024 from US$12.345 million in 2018. LiDARs plays a key role in automated driving vehicles. The market of LiDAR for advanced driver-assistance systems (ADAS) is increasing on account of increasing demand for autonomous cars. LiDAR helps in road scanning to understand vehicle surroundings with precise and real-time 3D digitization and makes them an esse 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, a Read more...
A vacuum interrupter uses electrical contacts in a vacuum. It primarily helps in preventing accidents and damages of electrical equipment. They have applications in utility, oil & gas, and transportation industries as they require a continuous power supply. The utility sector has a significant market share. Increasing construction and development activities of the government in the developing countries is boosting its market. Increasing concern towards nature has shifted the market towards gas-f Read more...
Visible LED market is projected to grow at a CAGR of 12.48% during the forecast period, reaching a total market size of US$103.936 billion in 2024 from US$51.322 billion in 2018. The light-emitting diode (LED) emits light when an electric current passes through it. Energy efficiency and a longer lifespan is a key factor attributing to the growth of the visible LED lighting market. Visible LED has several applications in electronic devices, automobiles, and lighting. The rapid increase in Read more...
Photointerrupter, also known as optointerrupter is a transmission-type photosensor, which typically consists of a light-emitting elements and light receiving elements aligned facing each other in a single package that works by detecting light blockage when a target object comes between both elements, acting as an optical switch. Photointerrupter is a non-contact(optical) switch that improves reliability by preventing wear-and-tear due to abrasion. Gallium arsenide Infrared LEDs are the most comm Read more...
Edge-emitting lasers is a type of semiconductor laser where the laser light is propagating parallel to the wafer surface of the semiconductor chip and is reflected or coupled out at a cleaved edge. There is a wide variety of laser types, including diode lasers, fiber lasers, diode-pumped solid-state lasers (DPSSLs), CO2 lasers and excimer lasers. Edge-emitting lasers are can be used as direct lasers or coupled with optical fibers or crystals to make fiber lasers or DPSSLs. Due to this edge-emi Read more...
Consumer electronics have become increasingly popular over the past multiple years and this trend is estimated to continue during the forecast period. The demand for consumer electronics around the world is estimated to grow due to the rise in disposable income around the world. Furthermore, increasing advertisement and awareness about multiple devices in developing economies have expanded the opportunities for the consumer electronics market to grow. In addition to this, the increasing adopti Read more...
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