Common-mode Chokes Market worth USD 820 Million by 2028

 

The report "Common-mode Chokes Market by Type (Data Line, Power Line, Signal Line), Verticals (Aerospace & Defense, Automotive, Commercial, Consumer Electronics, Industrial) and Region - Global Forecast to 2028" The Common-mode Chokes Market is projected to grow from USD 629 Million in 2023 to USD 820 Million by 2028; it is expected to grow at a CAGR of 5.4% during the forecast period. The growth of the market is attributed to the increasing adoption of common-mode chokes in consumer electronics, growing trend towards industrial 4.0 technology, rising demand in automotive and transportation application. Proliferation of stringent regulation related to  emission of electromagnetic energy causing EMI is expected to create growth opportunities for the market.

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Power line type to account for a larger share of common-mode chokes market in 2023

Power line common-mode chokes are expected to command the market during the forecast period. Common-mode choke manufacturers are keen on offering low-profile, miniature common-mode chokes

that efficiently help attenuate common-mode noise in both power and data line applications. For example,Coilcraft Inc. offers LPD, MSD, and PFD common-mode chokes that provide filtering in a single, low-profile, miniature device.

Consumer electronics segment to lead common-mode chokes market in 2023

Common-mode chokes in the consumer electronics vertical find applications in LCD (liquid-crystal display) panels, power cables, USB drives, computers, laptops, monitors, television sets, etc. Innovations in sensor technology and a rising focus on the miniaturization of electronic components integrated into consumer electronics and household products are likely to generate growth opportunities for the providers of common-mode chokes. These electronic products include digital and analog circuitries installed very close to each other, thereby creating common-mode noise and electromagnetic interference, which can cause malfunction and degradation in the performance of electrical equipment. New regulations and standards defined for consumer electronic appliances are further boosting the adoption of common-mode chokes. It will also drive the development of technologically advanced common-mode chokes.

Market in Asia Pacific to hold significant opportunities for the market during forecast period

There is an increased demand for common-mode chokes in Asia Pacific, especially from major countries such as China, Japan, South Korea, and India. The growth of the common-mode chokes market in Asia Pacific can be attributed to increased investments across industries in factory automation and the booming electronics manufacturing sector. Ongoing technological innovations and the increasing adoption of automation technology in various industries have accelerated the demand for common-mode chokes in the region. According to the International Federation of Robotics Report 2022, Asia Pacific held the world’s largest industrial robot market, such that in 2021, 73% of the newly deployed robots were installed in Asia Pacific. The dense population and the growth in per capita income, along with large-scale industrialization and urbanization, will create lucrative opportunities for the players in the common-mode chokes market.

Key players

Major vendors in the common-mode chokes market include Eaton (Ireland), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Schaffner Holding AG (Switzerland), and YAGEO Group (Pulse Electronics) (Taiwan) among others.

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Speech and Voice Recognition Market worth $28.1 billion by 2027

 

According to a research report "Speech and Voice Recognition Market by Deployment Mode (On-Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography (Americas, Europe, APAC, Rest of the World) - Global Forecast to 2027" published by MarketsandMarkets, the global speech and voice recognition market size is projected to grow from USD 9.4 billion in 2022  to USD 28.1 billion by 2027;  it is expected to grow at a CAGR of 24.4% from 2022 to 2027.

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The key factors contributing to the growth of the speech and voice recognition market include increasing demand in healthcare for improving efficiency and the growing use of smart appliances are among the factors driving the growth of the speech and voice recognition market.

Consumers are likely to register high CAGR

In 2021, the consumer segment the largest share of the speech and voice recognition market. The growing requirement for mobile device and application authentication and the increasing use of voice-controlled wearable devices are expected to drive the speech and voice recognition market growth. Apac region is expected to achieve the highest CAGR during the forecast period owing to the high demand of mobile and wearables devices in the region.

The consumer sector is expected to register the highest CAGR during the forecast period. The demand for speech and voice recognition solutions in this sector is primarily attributed to the growing use of speech recognition technology in consumer products such as smartphones, laptops, tablets, and smart home devices. This factor is likely to drive the growth of the market during the forecast period as well.

APAC exhibit the highest CAGR during the forecast period

The market in the APAC is expected to grow at the highest CAGR from 2022 to 2027. The growing focus on integrating artificial intelligence (AI) into industrial devices is expected to contribute to the growth of the voice recognition market for enterprise applications in the Asia Pacific during the forecast period. Additionally, the governments focus on bringing digitalization and technological innovations in industries is also expected to propel the growth of the market in the Asia Pacific.

Voice recognition to hold the higher CAGR during the forecast period.

Voice recognition is projected to grow at the highest CAGR during the forecast period Data security concerns due to cyberattacks, data breaches by intruders and issues related to illegal migrants are some of the major factors contributing to the higher growth rate of the market for voice recognition technology.

On-cloud segment is projected to dominate the speech and voice recognition market

The on-cloud segment is expected to account for a larger market share due to the ability of the cloud infrastructure to provide self-service applications at a minimal cost. The cloud-hosted deployment mode offers easy accessibility to data from anywhere at any time. Cloud-hosted speech and voice recognition solutions can also be easily integrated with the existing server, which operates on its physical hardware in minimal time.

The key players in this market are Apple (US), Microsoft (US), IBM (US), Alphabet (US), Amazon (US), Baidu (China), iFlytek (China) and SESTEK (Turkey), speak2web (US), and Verint (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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AI in Manufacturing Market worth USD 16.3 billion by 2027, at a CAGR of 47.9%

 

According to a research report "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Industry, Application, Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision), & Region - Global Forecast to 2027" published by MarketsandMarkets, the global Artificial Intelligence in Manufacturing market size is projected to grow from USD 2.3 billion in 2022 to USD 16.3 billion by 2027, it is expected to grow at a CAGR of 47.9% from 2022 to 2027.

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The key factors contributing to the growth of artificial intelligence in manufacturing market include improving computing power of AI chipset and increasing venture capital investments in manufacturing AI space. However, increasing venture capital investments in manufacturing AI space is hindering the growth of artificial intelligence in manufacturing market. Limited availability of skilled workforce, especially in developing countries possesses a huge challenge to the industry. However, growing focus on boosting operational efficiency of manufacturing plants is the biggest opportunity in the market space with Asia Pacific having the highest market share and CAGR for the forecast period.

Development of sophisticated hard and soft sensors to boost growth of context-aware computing segment

By using context awareness technology, a control system called Manufacturing Execution System (MES) is designed for managing and monitoring works in a factory, which is based on the dynamic and complex production process in the manufacturing plant. The context-awareness architecture establishes the dynamic interaction properties of the system more thoroughly and guides object specification and abstraction tasks in machine language. This technology provides computing environments with the ability to learn and adopt the context by sensing through different sensors and automatically provides feedback to the user. This service makes the operator attentive, responsive, and predictive. In the manufacturing plant, the production quantity varies on many uncertain factors, including internal and external factors such as random orders, sudden equipment fault, supply modification, and runtime restriction. Context-aware technology finds customized solutions and arranges the machines accordingly for the issues mentioned above. Siemens (Germany) and General Motors (US) use context awareness technology in their plants. Additionally, context-aware information distribution may offer substantial value to industries. It provides task-relevant information or services to users on a manufacturing shop floor, improving decision-making through context-driven recommendations.

Asia Pacific exhibit the highest CAGR during the forecast period

APAC is likely to be the highest contributor in terms of market size and growth rate in the overall AI in manufacturing market during the forecast period. This market in APAC is further divided into China, Japan, South Korea, India, and Rest of APAC (RoAPAC). RoAPAC includes Singapore, Malaysia, Thailand, Australia, and New Zealand. Among all the countries in APAC, China held the largest share of the AI in manufacturing market in 2021.

APAC, led by China, Japan, and South Korea, is considered the largest market for industrial robots. Industrial robots generate a huge amount of data. This data is used in deep learning algorithms to further train the robots. This would act as one of the major drivers for the AI in manufacturing market in APAC. APAC is also considered to have the most number of manufacturing plants in the world. There are a few dark plants in China, where only robots work without any human intervention. AI implementation can make robots smarter, reduce the downtime of machines, and increase productivity.

Advancement in deep learning and supervised learning manufacturing industry to drive growth of AI in manufacturing market for machine learning

Machine learning (ML) enables systems to improve their performance automatically with experience. ML helps develop a computer program/algorithm that can access data and use it to train itself without human intervention. ML is adopted to deal with large volumes of data. The time previously dedicated to analyzing charts and spreadsheets is now being utilized to seek intelligent ways to automate data analysis. ML includes various technologies, such as deep learning, supervised learning, unsupervised learning, and reinforcement learning.

Extensive use of big data in production planning to fuel market growth

Production planning is a process that combines and transforms various resources used in the production system in a manufacturing plant. The AI system executes the interrelated operational activities involved in the manufacturing processes. The deep learning-based algorithm uses many functions such as Programme Evaluation Review Technique (PERT)/Critical Path Method (CPM) to optimize the production planning under various conditions. The use of AI in production planning leads to the standardization of product and process sequence, dedicated special-purpose machines having higher production capacities and output rates, short production cycle time, perfectly balanced production lines, faster flow of materials, and easy material handling.

The key players operating in the artificial intelligence in manufacturing market NVIDIA (US), IBM (US), Intel (US), Siemens (Germany), General Electric (US), Google (US), Microsoft Corporation (US), and Micron Technology (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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Compound Semiconductor Market Worth $55.8 billion by 2027, at a CAGR of 6.6%

 

The report "Compound Semiconductor Market by Type (GaN, GaAs, SiC, InP), Product (LED, Optoelectronics, RF Devices, Power Electronics), Application (Telecommunication, General Lighting, Automotive, Consumer Devices, Power Supply) & Region - Global Forecast to 2027" The global compound semiconductor market size is estimated to be USD 40.5 billion in 2022 and is projected to reach 55.8 billion by 2027, at a CAGR of 6.6% during the forecast period. Increasing use of compound semiconductors in LED applications and the rising demand for high-speed and advanced devices in datacom applications play a key role in driving the growth of compound semiconductor market in near future.

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Increasing use of GaN in general lighting, signage, and automotive applications to drive GaN segment

GaN is used in various applications, such as power drives, radio frequency, lighting and lasers, and supplies and inverters, which can be adopted in different verticals, including automotive, telecommunications, consumer display and devices, military, defense and aerospace, and datacom. One of the other major driving factors for the GaN material is the massive demand from the RF semiconductor device industry. The RF industry started its quest for alternate semiconductor materials. Owing to its ability to deliver high power amplification at high-frequency ranges, GaN semiconductor devices penetrated the RF power semiconductor device industry, bolstering its growth.

Telecommunication segment dominates the compound semiconductor market

The growth of telecommunication application is driven by increasing demand for RF devices. To meet all the requirements for 4G and 5G, including saturated and linear efficiency, it is necessary to use a power amplifier manufactured with a compound semiconductor technology, which is expected to drive market growth during the forecast period. Skyworks Solutions, Inc. focuses on launching RF-based devices, planning to conquer the opportunities in the telecommunications sector. Similarly, NXP Semiconductors N.V. plans to invest in 5G and wireless infrastructure markets with its leadership in GaN, LDMOS, and 5G mm-Wave.

North America accounted for the second largest share of the compound semiconductor market

The market in North America is expected to grow at the second highest CAGR during the forecast period. The growing electric and hybrid vehicle market in North America is expected to support the growth of the compound semiconductor market. North America is a regional hub for many renowned OEMs that deliver quality and high-performance vehicles. OEMs in North America, such as Tesla and GM, focus on developing faster, cleaner, and high-performance electric vehicles

Nichia Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), ams OSRAM AG (Austria), Qorvo, Inc. (US), Skyworks Solutions, Inc. (US), Wolfspeed, Inc. (US), GaN Systems (Japan), Canon Inc. (Canada), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), are some of the key players in the compound semiconductor market.

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Metal-air Battery Market worth $993 million by 2027, at a CAGR of 14.8%

 

The report "Metal-air Battery Market by Metal (Zinc, Lithium, Aluminum, Iron), Voltage, Type (Primary, Secondary), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power) and Region - Global Forecast to 2027" The metal-air battery market is projected to grow from USD 498 million in 2022 to USD 993 million by 2027, at a CAGR of 14.8% during the forecast period. The escalated need for high energy density solutions and the inherent properties of metal-air batteries are key factors boosting the growth of the market.

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By metal, zinc segment is estimated to lead metal-air battery market in 2022.

Zinc-air batteries have high energy density but low power. These batteries are generally primary batteries; however, rechargeable designs for high-power applications are being developed that can be recharged by replenishing the zinc anode and electrolyte. Zinc-air batteries with high volume energy densities have the advantage of low cost and high safety. Electronic devices are expected to continue to lead the global zinc-air battery market during the forecast period. Non-rechargeable zinc-air batteries are popular for their high energy density. Developments carried out by market participants in rechargeable zinc-air batteries could make these batteries an ideal solution for other applications such as wearable devices and consumer electronics.

By application, electronic devices segment is estimated to account for the largest market share during forecast period.

By application, the electronic devices segment accounted for the largest share of the metal-air battery market in 2021. Metal-air batteries are increasingly used in electronic devices due to the increased demand for safe, eco-friendly, cost-effective, and efficient energy storage solutions. Metal-air batteries are in high demand for electronic devices such as hearing aids and watches because they offer better durability and more energy storage than other batteries.

Asia Pacific estimated to lead metal-air battery market from 2022 to 2027.

Asia Pacific is estimated to account for the largest share of the metal-air battery market in 2022 owing to technological advancements in the wearable device and consumer electronics sectors in this region. The major manufacturers of wearable devices and consumer electronics based in the region, such as Samsung (South Korea), LG Electronics (South Korea), and Panasonic (Japan), are developing next-generation flexible devices. These devices require power sources that are not only small but also have high energy density to complement the product design; these requirements are fulfilled by metal-air batteries.

GP Batteries International (Hong Kong), Arotech Corporation (US), Energizer Holdings (US), Duracell (US), and Renata SA (Switzerland) are major players in the metal-air battery market globally.

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Automotive Semiconductor Market worth $70.0 billion by 2027, at a CAGR of 10.1%

The report "Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete power device, Sensor), Vehicle Type (Passenger Car, LCV, HCV), Fuel Type (Gasoline, Diesel, EV/HEV), Application (Powertrain, Safety, Chassis) - Global Forecast to 2027" The automotive semiconductor market is projected to grow from USD 42.9 billion in 2022 to USD 70.0 billion by 2027; it is expected to grow at a CAGR of 10.1% during the forecast period. A number of factors, including increased demand for safety features, and induction of EVs and HEVs globally, is making it complex for automotive semiconductor integrators to meet the demand from automotive OEM end users to meet their operational needs in various types of vehicles including passenger cars, LCVs, and HCVs. Government initiatives pertaining to EVs has led to the promoting the development and sales of EVs and related charging infrastructure worldwide.

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Discrete power device segment to account for the highest CAGR during the forecast period for the automotive semiconductor market

The growth and development of the electric HEVs and all EVs has received considerable growth in the recent few years. Hence, discrete power device is expected to be the fastest-growing segment during the forecast period. The reason behind this sharp growth in the market share of the discrete power devices is due to the shift towards electrification of the major applications of the automobile such as powertrain, which is generating more demand for power components such as MOSFET and IGBT. Hence, discrete power devices are likely to hold the largest market share by 2027.

Market for passenger cars to grow at highest CAGR during the forecast period

The market for passenger cars growth can be attributed to the huge demand for passenger cars across the globe, especially in APAC. The rising middle-class population and improved disposable income have accelerated the demand for passenger cars in countries such as China, India, Thailand, Indonesia, and Malaysia among others. Semiconductor electronics not only help improve the performance of the car but also enhance safety and reduce carbon emissions to a greater extent. Rapid improvements in road infrastructure, easy availability of cheap labor, increased purchasing power of consumers, and high demand for safer vehicles have propelled the growth of the market for automobiles in emerging economies. The increasing purchasing power also creates a high demand for automobiles with more safety and advanced features. The adoption of ADAS technology and autonomous cars helps the automotive semiconductors market to grow in developed nations such as the US, Germany, and the UK.

Market for EVs and HEVs to register the highest CAGR for automotive semiconductor market

The automotive semiconductor market for electric/hybrid-powered vehicles is estimated to grow at the highest CAGR during the forecast period. Consumer’s growing adoption of greener and cleaner technology, as well as government goals and mandates are expected to lead to a significant rise in the demand for more electric/hybrid fuel-based vehicles which, in turn, helps the semiconductor market for this segment to grow exponentially during the forecast period. Since EVs and HEVs demand more semiconductor content in the powertrain application due to electrification of the system, the average semiconductor content consumed by an EV/HEV is almost double than an internal combustion engine (ICE) vehicle which include both gasoline- and diesel-powered vehicles.

Market in APAC is estimated to grow at the highest CAGR during the forecast period

Asia Pacific held the largest share of the overall automotive sensors market, followed by Europe, and North America, respectively. The automotive sensors market in Asia Pacific is projected to grow at the highest CAGR from 2021 to 2026. Countries such as China, Japan, and India are considered major automotive manufacturing hubs in Asia Pacific, thereby propelling the growth of the automotive sensors market in the region. The growth of the automotive sensors market in Asia Pacific is attributed to the factors such as the increasing use of electric vehicles and the growing adoption of advanced driver-assistance systems (ADAS) and autonomous cars owing to the stringent vehicle emission standards. Moreover, major OEMs have invested in the Chinese market, which is inclined toward small and affordable passenger vehicles. This, in turn, is expected to drive the growth of the automotive sensors market in the region.

Major players profiled in this report are Robert Bosch (Germany), Continental (Germany), Infineon Technologies (Germany), NXP Semiconductors (Netherlands), Sensata Technologies (US), Borgwarner, (US), Allegro Microsystems (US), DENSO (Japan), Analog Devices (US), ELMOS Semiconductor (Germany), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Onsemi (US), Renesas Electronics (Japan), ROHM Semiconductor (Japan), Aptiv (Ireland), CTS (US), Autoliv (Sweden), ZF Group (Germany), Quanergy (US), Toshiba (Japan), Magna International (Canada), Melexis (Belgium), Amphenol (US), and Valeo (France).

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Artificial Intelligence in Cybersecurity Market worth $60.6 Billion by 2028

 

The report "Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Software, and Service), Deployment Type, Security Type, Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End User and Geography - Global Forecast to 2028" The artificial intelligence in cybersecurity market size is valued at USD 22.4 Billion in 2023 and is anticipated to be USD 60.6 Billion by 2028; growing at a CAGR of 21.9% from 2023 to 2028. The key factors contributing to the growth of Artificial intelligence in the cybersecurity market include the increasing instances of cyber threats, rising concerns of data protection, and increasing vulnerability of Wi-Fi networks to the security threats are among the factors driving the growth of Artificial intelligence in the cybersecurity market.

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Endpoint security is expected to hold the largest share during the forecast period

Endpoint security refers to the security provided for network devices such as personal computers, laptops, smartphones, tablets, bar code readers, or Point of Sale (POS), which are the endpoints that are connected to a client server. Endpoint security solutions include antivirus, antispyware/malware, encryption personal firewall, IDS/IPS, patch and configuration management, behavioral blocking software, and virtualization security. These solutions provide continuous real-time threat detection, prevention, and response to network devices (endpoint). Increasing number of mobile devices has made networks more vulnerable to cyberattacks and malware. Moreover, the trend of mobile workers, BYOD, social media, and cloud synchronizing tools drives the growth of the market for endpoint security.

APAC exhibit the highest CAGR during the forecast period

APAC is highly concerned about the increasing security spending owing to the ever-growing threat landscape. Machine learning, IoT, Big Data analytics, and AI are the emerging methodologies that are being deployed in this region. Organizations are transforming their businesses to cloud to increase productivity speed and business performance. The nature of cyber threats is changing continuously and becoming more sophisticated. Ransomware, ad fraud malware, android malware, DDoS, botnets, banking Trojans, and adware are the topmost malware attacks in this region. Rising population and government policies, among other factors, are expected to boost the growth of the AI in cybersecurity market in APAC.

Software to dominate artificial intelligence in cybersecurity market during forecast period

Software holds a major share of the overall AI in cybersecurity market owing to developments in AI software and related software development kits. AI systems require different types of software, including application program interfaces, such as language, speech, vision, and sensor data, along with machine learning algorithms, to realize the applications for cybersecurity. The software platforms and solutions are available at higher costs as there are only a limited number of experts that develop machine learning algorithms. Companies such as Darktrace (UK), Cylance (US), Securonix (US), and IBM (US) are among the frontrunners in the development of software for the AI in the cybersecurity market.

Automotive & Transportation To grow at highest CAGR during forecast period

In the automotive industry, Big Data poses a significant problem with connected car becoming more of a gadget than a purely physical product, constantly synced and updated. It now produces huge amounts of data. Combining machine learning with Big Data analytics presents an opportunity to make sense of the huge volumes of valuable data collected from vehicles, servers, and smart mobility services. Using machine learning, patterns of “normal” behavior can serve as baselines to identify anomalies from cyber threats and policy violations to vehicle and driver irregular behaviors.

The key players in this market are NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Microsoft (US), Palo Alto Networks Inc. (US), Trellix (US), CrowdStrike (US), and NortonLifeLock (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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