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...
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 51.28% during the forecast period, reaching a total market size of US$2,127.070 million in 2024 from US$177.448 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 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...
The vacuum interrupter market is projected to grow at a CAGR of 5.54% to reach US$2,132.436 million by 2025, from US$1,543.027 million in 2019. Vacuum interrupter is essentially used in utility power transmission systems, power generation units, and power distribution systems across several industries such as railways, industrial plants. It is a vacuum sealed-off device incorporated in a vacuum circuit breaker to cause interruption of fault currents. Read more...
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