The global mobile robots market is experiencing a transformative phase, with an estimated worth of USD 20.3 billion in 2023, projected to soar to USD 40.6 billion by 2028, boasting a remarkable compound annual growth rate (CAGR) of 14.9% during the forecast period. This exponential growth is underpinned by the escalating demand for mobile robots across healthcare and personal applications, driven by rapid advancements in robotics and artificial intelligence (AI) technologies.

The global 5G chipsets market is experiencing remarkable growth, driven by the increasing demand for high-speed internet, improved network coverage, and the growing adoption of 5G across various industries. With an estimated size of USD 36.29 billion in 2023 and projected to reach USD 81.03 billion by 2028 at a CAGR of 17.4%, the market is witnessing a surge in demand for advanced connectivity solutions.

Electronic sensors for odor detection encompass diverse technologies, including polymer sensors, quartz crystal microbalance (QCM) sensors, and metal-oxide-semiconductor field-effect transistors (MOSFET) sensors. Polymer sensors create an odor "fingerprint by leveraging polymer film conductivity changes. QCM sensors use piezoelectric quartz crystals to detect frequency alterations caused by odor molecules. With rapid response times, MOSFET sensors measure metal oxide layer conductivity changes. Advantages include objectivity, sensitivity, selectivity, and miniaturization. Microprocessors process sensor data, performing tasks like signal conditioning and feature extraction. Neural networks enhance pattern recognition, enabling odor classification, component identification, and concentration quantification. This integrated technology holds promise for applications like food quality control, environmental monitoring, medical diagnosis, and security.

In the Asia-Pacific region, the Machine Safety industry is experiencing significant growth, propelled by rapid industrialization, heightened automation, and increased attention to worker safety. The rising demand for advanced safety technologies, driven by stringent regulations, underscores the region's proactive stance on workplace safety. This dynamic growth positions Asia-Pacific as a pivotal force in shaping the global machine safety sector.

The global EMC shielding and test equipment market is expected to be valued a t USD 8.4 billion in 2024 and is projected to reach USD 11.3 billion by 2029; it is expected to grow at a CAGR of 6.2% from 2024 to 2029. The EMC shielding and test equipment market is driven by the growing demand for sophisticated electronic devices, especially in consumer electronics, telecommunications, and automotive sectors.

The market is segmented into various applications including automotive, consumer electronics, healthcare and other applications. The ubiquity of smartphones, a cornerstone of daily life, has propelled the widespread adoption of wireless charging as an integral feature. The sector's emphasis on user convenience and enhanced experiences has driven the integration of wireless charging into devices such as smartphones, tablets, smartwatches, and other gadgets. The rise of wearable technology has further fueled demand, with compact devices like smartwatches benefiting from the hassle-free charging experience provided by wireless technology.

The use of LED light sources in the cleanroom lighting market is driven by booming demand for cleanrooms in sectors like pharmaceuticals and semiconductors, and aided by stricter regulations and constant LED advancements, LEDs are poised to illuminate the future of cleanroom lighting. The global shift towards green and energy-efficient practices, coupled with the continuous refinement of LED technology, positions the LED segment at the forefront of growth within the cleanroom lighting market.

The retail automation market is expected to be valued at USD 27.6 billion in 2024 and is projected to reach USD 44.3 billion by 2029; it is expected to grow at a CAGR of 9.9% during the forecast period according to a new report by MarketsandMarkets™. The increasing demand rising demand for high-quality and fast service to consumers and the increasing adoption of integrated automated technology in warehouses are the key drivers fueling the expansion of the retail automation market. Restraints such as regular maintenance and meeting regulatory compliance hinder market growth. However, factors such as increased transparency in supply chain management and enhanced retail experience for consumers by leveraging automation technologies provide lucrative opportunities for market players in coming years.

The cable modem termination system (CMTS) and converged cable access platform (CCAP) market is projected to grow from USD 6.7 billion in 2024 and is expected to reach USD 10.4 billion by 2029, growing at a CAGR of 9.3% from 2024 to 2029. The growing popularity of over the top (OTT) services, such as Netflix, Amazon Prime, and Hulu, is driving the demand for broadband services, which, in turn, is driving the market for broadband equipment such as CMTS and CCAP.

The global IoT-based asset tracking and monitoring market size is expected to grow from USD 5.0 billion in 2024 to USD 9.2 billion by 2029, at a CAGR of 12.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. Machine-to-machine (M2M) applications, such as asset tracking, are on the other extreme of the complexity and sophistication scale, pushing the boundaries of what is technically achievable. The adoption of IoT for asset tracking is based on commercial realities. A delivery vehicle is an example of a typical M2M and asset tracking combination.

The global solid state cooling market is expected to be valued at USD 0.8 billion in 2024 and is projected to reach USD 1.5 billion by 2029; it is expected to grow at a CAGR of 13.6% from 2024 to 2029 according to a new report by MarketsandMarkets™. As companies and consumers seek innovative and sustainable cooling solutions, the solid-state cooling market continues to expand, driven by the need for more efficient thermal management solutions in an increasingly interconnected and energy-conscious world.

The Collaborative Robot market is projected to grow from USD 1.9 billion in 2024 and is estimated to reach USD 11.8 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 35.2% from 2024 to 2030 according to a new report by MarketsandMarkets™. The growth of the Collaborative Robot market is driven by higher return on investment than traditional industrial robotic systems; increased demand in e-commerce and logistics sectors; significant benefits in businesses of all sizes; easy programming of cobots.

In terms of value, APAC to grow at highest CAGR during the forecast period. Among all applications, the oil & fuel segment is the most dominant application in the APAC tank level monitoring system market. APAC is expected to show significant growth in the oil & gas industry. India is expected to be one of the largest contributors to non-OECD petroleum consumption growth globally.

MarketsandMarkets has published a new report "Thermal Imaging Market Size Global Forecast to 2026" which is an extensive research study on the Thermal Imaging Market and also provides detailed information about key drivers, opportunities and restraints.

global ultrasonic testing market size is estimated to grow from USD 3.0 billion in 2021 to USD 4.2 billion by 2026, growing at a CAGR of 7.1%. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are among a few major factors driving the NDT and inspection markets growth. The high adoption of IoT devices and rising need to assess aging assets health also propel the development of the ultrasonic testing market.

According to a research report "Fiber Optics Collimating Lens Market by Type (Fixed and Adjustable), Wavelength, Mode (Single Mode, Multimode), Application (Communication, Medical & Diagnostics, Metrology, Spectroscopy and Microscopy), and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the global Fiber-Optic Collimating Lens Market size is projected to grow from USD 554 million in 2021 to USD 1,081 million by 2026; it is expected to grow at a CAGR of 13.3% from 2021 to 2026.

The global Machine Safety Market in terms of revenue was estimated to be worth $5.4 billion in 2024 and is poised to reach $7.0 billion by 2029, growing at a CAGR of 5.4% during the forecast period. The Global Machine Safety Market is poised for substantial growth, with an expected surge from USD 5.4 billion in 2024 to USD 7.0 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 5.4%. These insights are drawn from a comprehensive report by MarketsandMarkets, a leading provider of market research and consulting services.