The global Photonic Integrated Circuits (PIC) market was valued at US$ 10.2 Bn in 2022 and is projected to reach US$ 98.7 Bn by 2031, expanding at an impressive CAGR of 29.2% from 2023 to 2031. This growth is driven by rapid technological advancements, increasing demand for high-speed communication networks, and the adoption of photonics in space and computing technologies.
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According to recent market analysis, the global filtered connectors market is projected to grow from US$ 2.2 Bn in 2022 to US$ 3.5 Bn by 2031, registering a steady CAGR of 5.5% from 2023 to 2031. This growth is fueled by the rising need for electromagnetic interference (EMI) and radio frequency interference (RFI) suppression, growing complexity in electronic systems, and the increasing...
The global IoT Device Management Market stood at US$ 1.58 billion in 2020 and is projected to reach a market valuation of US$ 10.42 billion by the end of 2031, expanding at a robust CAGR of 18.7% during the forecast period. The proliferation of IoT-connected devices across industries such as healthcare, manufacturing, transportation, and smart homes is driving the need for centralized device...
The global Power Management Integrated Circuit (PMIC) market, valued at US$ 32.9 Bn in 2022, is projected to witness significant expansion over the next decade. According to industry analysts, the market is poised to grow at a CAGR of 6.3% from 2023 to 2031, reaching an estimated US$ 56.2 Bn by 2031. This growth is driven by robust demand from automotive, consumer electronics, and industrial...
The global ceramified cable market stood at US$ 250.0 Mn in 2022 and is projected to reach US$ 458.0 Mn by the end of 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2031. This robust growth is driven by rising concerns about fire safety, technological advancements in cable materials, and the increasing complexity of modern electrical systems.
Ceramified cables...
The global programmable logic controller (PLC) market, valued at US$ 11.6 Bn in 2022, is forecast to grow at a CAGR of 4.7% between 2023 and 2031, reaching a market value of US$ 17.2 Bn by the end of 2031, according to the latest industry insights. This growth is propelled by a surge in demand for industrial automation, smart manufacturing, and increased integration of the Industrial Internet...
The global Integrated Voltage Regulator (IVR) market was valued at US$ 5.6 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.6% between 2024 and 2031, reaching US$ 9.3 billion by the end of the forecast period. Integrated voltage regulators are critical power-management components that ensure stable and efficient voltage supply in modern electronic systems,...
A new market intelligence report forecasts the global 3D printing medical devices market to expand from an estimated valuation of USD 1.7 billion in 2022 to USD 6.6 billion by 2031, registering a robust CAGR of 16.3% over the 2023–2031 period. Growth is underpinned by surging demand for patient-specific devices, advances in additive manufacturing technologies, and expanding healthcare...
The global Safety Programmable Controller (SPC) market is experiencing sustained growth due to heightened focus on industrial safety, technological advancements, and the integration of automation systems. SPCs are designed to ensure equipment operates safely in industrial environments by complying with strict safety standards such as IEC 61508 and ISO 13849. These controllers are widely used in...
The global power filtering market was valued at US$ 510.7 Mn in 2022 and is projected to reach US$ 815.8 Mn by 2031, expanding at a CAGR of 5.4% from 2023 to 2031. The growth is driven by increased adoption of sensitive electronic systems across sectors such as aerospace, defense, EV infrastructure, and telecommunications.
Market Overview: Power filters play a crucial role in...
The global RF passive components market was valued at USD 4.1 Bn in 2023 and is projected to reach USD 6.5 Bn by 2031, growing at a CAGR of 5.8% from 2024 to 2031. This growth trajectory is fueled by rapid advancements in telecommunications, medical electronics, and automotive connectivity. According to analysts, innovations in 5G networks, defense applications, and wireless medical devices...
The global GaN on diamond semiconductor substrates market is poised for significant growth, projected to advance at a robust CAGR of 16.6% from 2023 to 2031, increasing from US$ 34.2 Mn in 2022 to US$ 142.0 Mn by 2031. According to industry analysts, this surge is driven by the rise in demand for high-electron mobility transistors (HEMTs) and the increasing adoption of satellite communication...
The global semiconductor plating system market was valued at US$ 5.1 Bn in 2022 and is projected to reach US$ 7.7 Bn by 2031, expanding at a CAGR of 4.8% from 2023 to 2031. The steady growth is driven by the increasing use of electronic components in the automotive sector and the rising global demand for semiconductors. Semiconductor plating systems are integral to enhancing the performance and...
The global smart thermostat market is poised for robust expansion over the next decade, with the market value projected to surge from USD 1.8 Bn in 2022 to USD 4.6 Bn by 2031, growing at a compelling CAGR of 10.3% from 2023 to 2031. According to analysts, this growth trajectory is fueled by the convergence of energy conservation mandates, technological advancements, and increasing adoption of...
The global surface mount technology (SMT) equipment market is poised for substantial growth over the coming decade. Valued at USD 5.7 Bn in 2022, the market is projected to advance at a compound annual growth rate (CAGR) of 5.9% between 2023 and 2031, ultimately reaching USD 9.1 Bn by 2031. SMT equipment plays a critical role in the electronics manufacturing industry by enabling efficient,...
The global Low Voltage Battery Management System (BMS) market, valued at approximately US$ 4.0 billion in 2024, is projected to surge to an estimated US$ 26.5 billion by 2035, exhibiting a robust compound annual growth rate (CAGR) of 18.5%. This growth is primarily driven by the increasing adoption of electric vehicles (EVs), rapid integration of renewable energy storage solutions, and the...
The global 3D laser scanner market was valued at US$ 1.0 Bn in 2022 and is projected to reach US$ 1.4 Bn by 2031, expanding at a CAGR of 6.9% between 2023 and 2031. This steady growth is driven by increasing demand across multiple sectors such as construction, healthcare, manufacturing, entertainment, and heritage preservation. A 3D laser scanner uses LiDAR (light detection and ranging)...
The global Electronic Toll Collection (ETC) System Market is projected to surge from a valuation of US$ 16.2 Bn in 2023 to US$ 33.9 Bn by 2034, growing at a robust CAGR of 6.7% from 2024 to 2034, according to a comprehensive market study. Growing concerns over traffic congestion, rising road accident rates, and increasing governmental investments in smart transportation infrastructure are key...
The EMEA industrial coatings market for mining and petrochemicals is poised for significant growth over the coming decade, driven by increasing demand from expanding petrochemical and mining sectors, heightened emphasis on sustainability, and innovations in protective coating technologies. The market, valued at US$ 1.4 Bn in 2022, is expected to grow at a CAGR of 4.7% between 2023 and 2031,...
The global metallurgical additives market is poised for robust expansion, driven by increasing demand from steel, automotive, aerospace, and construction sectors. According to the latest industry research, the global metallurgical additives market size, which stood at US$ 42.4 billion in 2022, is projected to grow at a CAGR of 6.0% from 2023 to 2031, reaching a valuation of US$ 64.7 billion by...
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