The direct metal laser sintering 3D printing technology market is projected to grow at a CAGR of 45.63% during the forecast period of 2018 to 2024. Direct Metal Laser Sintering/Selective Laser Melting is a 3D printing technique which creates parts by sintering fine metal powder partials, and fuses them together. The multiple benefits offered by the technology, such as faster low-volume production and accurate prototyping, are projected to shoot its demand in the coming years. However, the ava Read more...
The Binder Jetting 3D Printing Technology market is projected to grow at a CAGR of 27.69%, to reach a market size of US$1,300.208 million by 2024, from US$299.906 million in 2018. Binder Jetting technology utilizes a liquid based binder material and a powder building material for the 3D additive process. The technology does not incorporate the use of heat in the manufacturing process and is thus widely adopted, and is further projected tgain popularity over the forecast period. Furthermore, t Read more...
The direct energy deposition 3D printing technology market is estimated tbe valued at US$403.971 million in 2018. Direct energy deposition (DED) is a 3D printing process which utilizes a laser or an electronic beam tfuse powdered or wired material intthe desired shape. The demand for this technology is projected timprove in the coming years with the increasing penetration of 3D printing across multiple industries. Furthermore, the technology allows for the construction of large and complex st Read more...
The wafer prober market was valued at US$4.700 billion in 2018 and is expected to grow at a CAGR of 4.23% over the forecast period to reach a total market size of US$6.027 billion in 2024. A wafer prober is a system used for handling the wafer to make contact in the designated position on the device. The market of wafer prober is driven by the increasing demand for semiconductors from its various end-users. Semiconductors have several applications in many end-users such as electronics, automo Read more...
Smart speakers market is projected to grow at a CAGR of 8.24% during the forecast period, reaching a total market size of US$5.922 billion in 2024 from US$3.683 billion in 2018. Smart speakers are wireless, voice-enabled devices with built-in virtual assistants that are capable of streaming audio content, relaying information, and communicating with other devices. The rising demand for smart home devices will boost the demand for these devices during the given forecast period. Additionally, r Read more...
Optical-phased array LiDAR market is projected to grow at a CAGR of 151.65% during the forecast period, reaching a total market size of US$36.568 million in 2024 from US$0.144 million in 2018. Optical-phased array-based LIDAR program seeks to integrate thousands of closely packed optical emitting facets, precise relative electronic phase control of these facets, and all within a very small form factor. Demand for OPA based LiDAR is increasing as it has multiple degrees of freedom for phase co Read more...
Mechanical LiDAR market is projected to grow at a CAGR of 45.78% during the forecast period, reaching a total market size of US$7,574.932 million in 2024 from US$789.233 million in 2018. Mechanical LiDAR covers a significant market share of the LiDAR on account of being the earliest type of LiDAR. It has a motor that rotates the LiDAR and provides a wide (3600) field of view. The market of mechanical LiDAR is driven by the growing demand for enhanced reliability. However, the high price and h Read more...
Graphene sensors market is projected to grow at a CAGR of 38.75% during the forecast period, reaching a total market size of US$981.087 million in 2024 from US$137.473 million in 2018. Graphene is a two-dimensional material made of carbon atoms. It is 200 times stronger than steel but is still lightweight and transparent. Graphene is so dense that it does not even let the smallest helium atom pass through it. Graphene is used widely in biosensors and diagnostics as it enhances the surface loa Read more...
LiDAR for robotic cars market is projected to grow at a CAGR of 51.17% during the forecast period, reaching a total market size of US$4,378.572 million in 2024 from US$366.859 million in 2018. LiDARs plays a key role in robotic driving vehicles. The market of LiDAR for robotic vehicles 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 essential building Read more...
Semiconductor manufacturing material market is projected to grow at a CAGR of 1.59% during the forecast period, reaching a total market size of US$33.705 billion in 2024 from US$30.652 billion in 2018. Silicon is the main material used in the manufacturing of semiconductor and it is present in abundance in nature, so it has significant market share. Semiconductor manufacturing material market is driven by the increasing demand for semiconductors by various end-users. Semiconductors have sever Read more...
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