The environmental sensor market was valued at USD 1.8 billion in 2023 and is estimated to reach USD 3.0 billion by 2028, registering a CAGR of 11.0% during the forecast period.
The growth of the environmental sensor market is driven by implementation of stringent regulations to reduce air pollution, health and safety concerns, and increased deployment of air quality monitoring stations.
The head-up display market is expected to reach USD 3.3 billion by 2028 from 1.5 billion in 2023, at a CAGR of 16.7% during the 2023- 2028 period. Head-Up Display is a technology that projects information, data, or graphics onto a transparent surface, typically a vehicle's windshield, allowing users to access important information without looking away from their primary line of sight. Head-up display is commonly used in the automotive and aviation industries to provide drivers and pilots with real-time data such as speed, navigation directions, and other relevant information.
The ALD equipment market is estimated to be worth USD 3.9 billion in 2023 and is projected to reach USD 6.2 billion by 2028, at a CAGR of 10.0% during the forecast period. The rising number of 3D NAND SSDs and the growing implementation of more than Moore devices are some of the major factors driving the market growth of ALD equipment globally.
According to MarketsandMarkets, the co-packaged optics market is projected to grow from USD 15 million in 2023 to USD 49 million by 2028, registering a CAGR of 26.5% during the forecast period. Penetration of IoT and connected devices in education and healthcare sectors, growing investment by tech giants to develop data centers, and introduction of ultra-high-definition video streaming are expected to propel the co-packaged optics market in the next five years. However, increased network complexity is likely to pose challenges for industry players.
Global wi-fi chipset market in terms of revenue was estimated to be worth USD 19.7 billion in 2020 and is poised to reach USD 25.2 billion by 2026, growing at a CAGR of 4.2% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.
The growth of the market would also largely depend on the success of new Wi-Fi technologies, including IEEE 802.11ad (WiGig), and 802.11ax standards. However, several factors, such as the decline in the shipment of tablets and PCs over the last few years and long standardization and certification time, are hindering the growth of the Wi-Fi chipset market. Moreover, increase in coexistence issues with LTE in LTE-U due to the use of 5 GHz band is a major challenge for Wi-Fi chipset manufacturers.
AI Sensor Companies - Robert Bosch GmbH and Teledyne Technologies Incorporated are the Major Players
The AI sensor market is projected to reach USD 22.1 billion by 2028, from USD 3.0 billion in 2022, at a CAGR of 41.6%. Growing demand for AI sensors in IoT-based devices across home automation and automotive applications is one the major drivers of the market.
Robert Bosch GmbH (Germany), Teledyne Technologies Incorporated (US), are major players in the AI sensor market.
Augmented Reality and Virtual Reality Market worth $71.2 billion by 2028 - Exclusive Report by MarketsandMarkets™
The Augmented Reality and Virtual Reality Market is expected to reach USD 71.2 billion by 2028 from USD 25.1 billion in 2023, at a CAGR of 23.2 % during the 2023-2028 period according to a new report by MarketsandMarkets™. Augmented Reality (AR) and Virtual Reality (VR) are immersive technologies that redefine the way we interact with the digital and physical worlds. Whereas virtual reality market is expected to reach USD 29.6 billion by 2028 from 12.9 billion in 2023, at a CAGR of 18.0% during the 2023- 2028 period.
Global micro server IC market is projected to reach USD 2.2 billion by 2026, growing at a CAGR of 12.6% during the forecast period. Some of the key driving factors of the Micro server IC market are low power consumption and low space utilization of micro servers, growth in the trend of cloud computing and web hosting, and emergence of hyperscale data center architecture.
The micro server IC market includes major Tier I and II players like Intel Corporation (US), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), Quanta Computer Inc. (Taiwan), NVIDIA Corporation (US), and others.
The visible light range scientific camera market is projected to reach USD 0.6 billion by 2028 from USD 0.4 billion in 2023; it is expected to grow at a CAGR of 7.9% from 2023 to 2028.
The prominent players operating in the visible light range scientific camera market are Hamamatsu Photonics (Japan), Teledyne Technologies (US), Thorlabs, Inc. (US), XIMEA GmbH (Germany), Photonic Science (UK), Excelitas PCO GmbH (PCO-TECH Inc.) (Germany), Oxford Instruments (Andor Technology) (UK), Atik Cameras (UK), Diffraction Limited (Canada), and Spectral Instruments, Inc. (US).
The global 5G FWA market is expected to be valued at USD 29.4 billion in 2023 and is projected to reach USD 153.0 billion by 2028; it is expected to grow at a CAGR of 39.0% from 2023 to 2028. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for 5G FWA from different end-user industries and expand their global footprint by offering products in all the major regions.
Non-Volatile Memory Companies - SAMSUNG Western Digital Tech and KIOXIA Holdings Corp are the Key Players
The key factors driving the growth of the non-volatile memory market are increasing demand for fast access & low power consuming memory devices, and integrating emerging technologies to support digitalization in various sectors. The Non-volatile memory market is projected to grow from USD 74.6 billion in 2022 to USD 124.1 billion by 2027; it is expected to grow at a CAGR of 10.7% from 2022 to 2027.
This report covers key end users consumer electronics, enterprise storage, automotive & transportation, military & aerospace, industrial, telecommunication, energy & power, healthcare, agriculture, and retail. The Key players in the non-volatile memory market include SAMSUNG (South Korea), Western Digital Technologies, Inc. (US), KIOXIA Holdings Corporation (Japan), Micron Technology, Inc. (US), and SK HYNIX INC. (South Korea), among others. The other companies profiled in the report are Microchip Technology Inc. (US), ROHM CO., LTD. (Japan), Renesas Electronics Corporation (Japan), STMicroelectronics (US), Infineon Technologies AG (Germany), Nantero, Inc. (US), Crossbar Inc. (US), Everspin Technologies Inc. (US), Winbond (Taiwan), and Pure Storage, Inc. (US) among others.
Global wireless charging market size is projected to reach USD 13.4 billion by 2026 from USD 4.5 billion in 2021, at a compound annual growth rate (CAGR) of 24.6% between 2021 and 2026.
The growing adoption of wireless technologies in consumer electronics industry, and growing sales of electriv vehicles (EV) are few of the primary factors driving market growth. Moreover, increase in use of wireless technology to charge warehouse trucks will create huge opportunities for wireless chargers in near future.
The global Silicon on Insulator Market size is estimated to be USD 1.4 billion in 2022 and is projected to reach 2.9 billion by 2027, at a CAGR of 15.0% during the forecast period. The rising demand for SOI wafers is attributed to the increased focus on e-learning to increase demand for smartphones, tablets, and laptops
Soitec (France), Shin-Etsu Chemical (Japan), GlobalWafers (Taiwan), SUMCO Corporation (Japan), Shanghai Simgui Technology (China), GlobalFoundries (US), STMicroelectronics (Switzerland), Tower Semiconductor (Israel), NXP Semiconductors (Netherlands), Murata Manufacturing (Japan), are some of the key players in the SOI market. To retain their presence in the SOI market, these players have adopted various growth strategies, such as product launches, expansions, partnerships, agreements, and contracts. Product launches has been the most dominating strategy adopted by the key players from 2018 to 2022 to help them strengthen their product portfolio and broaden their customer base.
Top Smart Card IC companies - Infineon Technologies AG, NXP Semiconductors N.V. & Samsung Electronics
The global smart card IC market is projected to reach USD 3.9 billion by 2027 from an estimated USD 2.9 billion in 2022, at a CAGR of 6.3% from 2022 to 2027.
Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherland), Samsung Electronics Co., Ltd. (South Korea), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (US), CEC Huada Electronic Design Co., Ltd. (China), Analog Devices, Inc. (US), Sony Group Corporation (Japan), Toshiba Corporation (Japan), and ON Semiconductor Corporation (US); are some of the key players in the smart card IC market.
The global EMI shielding market size is anticipated to grow from USD 6.6 billion in 2022 to USD 8.6 billion by 2027, at a CAGR of 5.4% from 2022 to 2027.
Parker Hannifin (US), PPG Industries (US), Henkel (Germany), 3M (US) and Laird Performance Materials (UK), are the top five players in the EMI shielding market globally. These companies offer a wide range of EMI shielding solutions, as well as related solutions and services, and have operations worldwide. They rely on their R&D capabilities and diversified product and service portfolios to increase their market share.
The global flame detector market size is expected to grow from USD 1.7 billion in 2022 to USD 2.1 billion by 2027, at a CAGR of 5.0% during the forecasted period.
The flame detector market is dominated by the players Johnson Controls (Ireland), Carrier Global (US), Honeywell (US), Siemens (Germany), Halma (UK), MSA (US), Robert Bosch (Germany), Emerson Electric (US), Minimax Viking (Germany), and Draeger (Germany) among others. Many key players in the market implement strategies to expand their market share and competitive advantage over other players such as product launches, geographic expansion, merger and acquisitions, partnerships, and research and product development.
Europe has witnessed rapid adoption of state-owned healthcare and health insurance systems than the most developed countries across the world. The European Commission has mandated the use of cards as a replacement to E- 111 paper forms for cross-border healthcare services, which has led to the growth of the smart card market in Europe. The region comprises economically and technologically advanced countries, such as the UK and Germany. The UK, France, and Germany are the major markets for smart cards in Europe. The increasing circulation of smart cards and terminals by card companies, such as Visa and MasterCard, has led to a growth in total spending in these countries.