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, ri 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 con 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 he 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 load 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 severa 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...
Video doorbell market is projected to grow at a CAGR of 17.54% during the forecast period, reaching a total market size of US$2.940 billion in 2024 from US$1.115 billion in 2018. A video doorbell is a device that notifies the homeowner when a visitor arrives at the door. The video doorbells provide enhanced security from theft and crime due to the inclusion of night vision and motion detector sensors in it. It also enables the homeowners to speak and see the visitor without even going to the d Read more...
LED horticulture lighting market is projected to grow at a CAGR of 33.04% during the forecast period, reaching a total market size of US$7.989 billion in 2024 from US$1.441 billion in 2018. Horticulture is a segment of agriculture in which plants are cultivated on a smaller scale and in a more controlled manner. Other artificial light sources such as fluorescent lamps, high-pressure sodium, and metal-halide are inefficient and have a short life while difficult to control wavelengths arising fr Read more...
MEMS LiDAR market is projected to grow at a CAGR of 110.50% during the forecast period, reaching a total market size of US$56.173 million in 2024 from US$0.646 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 Read more...
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