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$51.322 billion in 2018. The light-emitting diode (LED) emits light when an electric current passes through it. Energy efficiency and a longer lifespan is a key factor attributing to the growth of the visible LED lighting market. Visible LED has several applications in electronic devices, automobiles, and lighting. The rapid increase in Read more...
Photointerrupter, also known as optointerrupter is a transmission-type photosensor, which typically consists of a light-emitting elements and light receiving elements aligned facing each other in a single package that works by detecting light blockage when a target object comes between both elements, acting as an optical switch. Photointerrupter is a non-contact(optical) switch that improves reliability by preventing wear-and-tear due to abrasion. Gallium arsenide Infrared LEDs are the most comm Read more...
The Global Automotive Lighting System market was valued at US$ 28.668 billion in 2018 and is expected to grow at a CAGR of 5.83% over the forecast period to reach a total market size of US$ 38.493 billion by 2024.Lighting has a significant value in the automobile industry. They have applications in the interior as well as the exterior of a vehicle. The automotive lighting system has a significant share in the global LED market. The growing production of automobiles is driving the market of the Read more...
The automotive rain sensor is a device that senses raindrops and automatically switches on the wiper. It detects the level of rain and controls the speed of the wiper. This device ensures the safety and ease of the driver by automatically clearing the windscreen. Increasing demand for convenience and safety of the driver is driving the market of automotive rain sensor. Increasing vehicle electrification and increasing the production of the automobile industry is boosting the market. Geographi 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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