The smart clothing market is projected to grow at a CAGR of 32.18% during the forecast period, reaching a total market size of US$840.151 million in 2024 from US$157.501 million in 2018.Smart clothes, also referred to as smart textiles and e-textiles, are clothing items that use technology to add features and functions beyond that of the traditional use. Technologists are using a combination of sensors, machine learning, and big data analysis to provide consumers more data about their bodies Read more...
Gallium Nitride-on-Silicon market was valued at US$71.204 million in 2018 and is anticipated to grow at a CAGR of 17.36% during 2018-2024. The GaN-on-silicon is gaining traction in the semiconductor industry as silicon-based power devices have reached their physical limits. As a result, GaN-on-silicon is fast becoming the material choice for power electronics as they are not only efficient, smaller, and cooler, but are also cost efficient which is significantly driving the market growth. Read more...
The robotic vehicle sensor market was valued at US$104.307 million in 2018 and is poised to grow at a good rate during the forecast period. Robotic Vehicles are classified as remotely operated or autonomous. In general, these vehicles move by themselves with the help of sensors and computational resources onboard to guide their motion. Sensors for heading, braking, navigation, speed, and vision are deployed in an unmanned robotic vehicle to make it respond to the external stimuli. The d Read more...
The Solid State LiDAR is expected to grow at a compound annual growth rate of 30.66% over the forecast period to reach a market size of US$ 1617.610 million in 2026 from US$ 325.143 million in 2020. The LiDAR (Light Detection and Ranging) is a remote sensing technology that uses pulse from a laser to collect measurements which can then be used to create 3D models and maps of objects and environments. Currently, the LiDAR that is being utilized is mechanical LiDAR that is not only costly Read more...
The global biochips market was valued at US$8.155 billion in 2018 and is expected to grow at a CAGR of 19.7% over the forecast period to reach a total market size of US$23.982 billion by 2024. A biochip is a set of diminished microarrays that are placed on a strong substrate that allows many experiments to be executed at the same time to obtain output in less time. It contains millions of sensor elements or biosensors and unlike microchips, is not an electronic device. Biochip acts like a mic Read more...
The global microbolometer market was valued at US$573.531 million in 2018 and is expected to grow at a CAGR of 6.70% over the forecast period to reach a total market size of US$846.227 million by 2024. The global microbolometer is expected to propel during the forecast period owing to their growing demand due to their low power consumption, which is cheaper, reliable, and lightweight in comparison to their substitutes. A growing trend of the adoption of low power consumption devices will also Read more...
The global ultrasonic fingerprint sensor market was valued at US$176.4 million in 2018 and is expected to grow at a CAGR of 51.56% over the forecast period to reach a total market size of US$2,137.786 million by 2024. The global ultrasonic fingerprint sensor is expected to propel during the forecast period owing to the growing need for biometrics creating a demand for devices that function on sensor technology leading to the development of ultrasonic fingerprint sensors. Hence, growing s Read more...
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