Wednesday 2 November 2022

Identify the Impact Analysis of Haptic Technology Market - Global Forecast to 2026

 

Attractive Opportunity: Supercharge your Visualization

Increasing integration of haptics into consumer devices is expected to fuel the demand for haptic technology. The growing demand for haptic technology for automobile safety applications is expected to play a vital role in the growth of the haptic technology market. Moreover, growing adoption of haptic technology in automobile safety applications will drive the demand for this technology in the near future.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=443

Industry Trends of the Global Haptic Technology Market:

1. Ultraleap signed an agreement with IPlan Ideas Events and its division, IPlan Ideas Technologies (IPI Tech), a subsidiary of UAE-based Hawas Group, to bring Ultraleap’s hand tracking and mid-air haptic technologies to clients in the UAE. IPI Tech will introduce the technology to a range of sectors, including kiosk makers, retail, advertising and marketing, and cinemas, among others.

2. Immersion signed a multi-year license renewal with LG Electronics (South Korea) for continued use of Touch Sense software and haptic technologies in its mobile devices. LG is expected to continue the use of Immersion haptic software in its entire range of smartphones.

3. Microchip Technology announced the opening of a new R&D center in Chennai, India. The new R&D center is aimed at catalyzing the development of the local ecosystem for integrated circuit design and specialized embedded systems development and employs around 1,200 employees.

What are the Driving Factors of Evolution of technologies and consolidation of Haptic Technology Market?

The haptic technology market is expected to grow from USD 2.6 billion in 2021 to USD 4.6 billion by 2026, at a CAGR of 12.0%.

Haptics hardware component expected to hold the largest market share during the forecast period

Haptics hardware component is estimated to have the largest market share by value and are expected to exhibit a similar growth trend during the forecast period. Increased adoption of haptic technology in various devices has been observed owing to factors such as increased accuracy, increased input command speed, and improved user satisfaction. Technological advancements in devices is one of the driving factors for market growth.

Haptic Technology Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
Consumer devices application is estimated to be the largest market

The haptic technology market for the consumer devices application is expected to hold the largest market share during the forecast period. The increasing demand for consumer devices such as smartphones, tablets, and other wearable devices is one of the major driving factors for the haptic technology market. Almost all smartphones and tablets are inbuilt with haptics, and the trend has been shifting to smartwatches and wristbands.

Major players in the haptic technology market include Texas Instruments (US), Johnson Electric (Hong Kong), AAC Technologies (China), TDK (Japan), Microchip Technology (US), Immersion (US), ON Semiconductor (US), Precision Microdrives (UK), Ultraleap (UK), and Synaptics (US).

Haptic Technology Market - Geographical Regional Vision by MarketsandmarketsTM
Asia Pacific, likely to emerge as the largest haptic technology market

The market in APAC is expected to hold the largest market share during 2021–2026. The global market players are experiencing increased demand for haptic solutions from countries such as China, Japan, and South Korea. Increasing demand for consumer electronic devices such as smartphones, tablets, and wearables in China, Japan, South Korea, and India is expected to drive the growth of the haptic technology market in the region.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Artificial Intelligence in Healthcare Market worth $67.4 Billion - Global Forecast 2027

 

Attractive Opportunity: Supercharge your Visualization

The industry participants extensively focused on leveraging AI technology in their healthcare offerings as it helped them to achieve process automation, improve workflows across healthcare facilities, and high-end patient health monitoring. Adding to this, the rising potential of artificial intelligence in precision medicine, diagnostics, imaging, drug discovery, and genomics to fight against COVID-19 pandemic will support the market growth over the forecast timeframe. Improving computing power and declining hardware cost, increasing need to reduce healthcare costs, and surging need for improvised healthcare services due to imbalance between health workforce and patients are the factors driving the growth of the artificial intelligence in healthcare market.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54679303

Industry Trends of the Global Artificial Intelligence in Healthcare Market:

1. Hitachi Ltd. (Japan) acquired a 9.99% share in Yungtay Engineering (Taiwan) to strengthen its elevator and escalator market. Till date, Hitachi has acquired a ~51% share in Yungtgay.

2. OTIS Elevator (US) acquired Bay State Elevator (US) to expand in the northeast, US. The acquisition includes the company service portfolio and operations in Massachusetts, Connecticut, Vermont, and upstate New York.

3. Thyssenkrupp AG (Germany) entered an agreement with Advent, Cinven, and RAG Foundation to sell its Elevator Technology business segment to strengthen its cash flow and lower its structural costs.

What are the Driving Factors of Evolution of consolidation in Artificial Intelligence in Healthcare Market?

The Artificial Intelligence in Healthcare Market is projected to grow from USD 6.9 billion in 2021 to reach USD 67.4 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 46.2% from 2021 to 2027.

The software segment is projected to account for the largest share of the artificial intelligence in healthcare market during the forecast period.

Many companies are developing software solutions for various healthcare applications; this is the key factor complementing the growth of the software segment. Strong demand among software developers (especially in medical centers and universities) and widening applications of AI in the healthcare sector are among the prime factors complementing the growth of the AI platform within the software segment. Google AI Platform, TensorFlow, Microsoft Azure, Premonition, Watson Studio, Lumiata, and Infrrd are some of the top AI platforms.

Artificial Intelligence in Healthcare Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
The market for machine learning segment is expected to grow at the highest CAGR during the forecast period

The increasing adoption of machine learning technology (especially deep learning) in various healthcare applications such as inpatient monitoring & hospital management, drug discovery, medical imaging & diagnostics, and cybersecurity is driving the adoption of machine learning technology in the AI in healthcare market.

The key players operating in the artificial intelligence in healthcare market include Intel (US), Koninklijke Philips (Netherlands), Microsoft (US), IBM (US), and Siemens Healthineers (Germany).

Artificial Intelligence in Healthcare Market - Geographical Regional Vision by MarketsandmarketsTM
North America region is expected to hold the largest share of artificial intelligence in healthcare market during the forecast period.

Increasing adoption of AI technology across the continuum of care, especially in the US, and high healthcare spending combined with the onset of COVID-19 pandemic accelerating the adoption of AI in hospital and clinics across the region are the major factors driving the growth of the North American market.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

 

Tuesday 1 November 2022

IoT Sensors Market worth $29.6 Billion USD by 2026, at CAGR of 28.6%

 

Attractive Opportunity: Supercharge your Visualization

Increasing use of sensors in IoT applications due to cost and size reduction, and technological advancement, and Introduction of 3GPP Release 13 and Release 14 specifications are the key factors driving the growth of the IoT sensors market. The Growth of Internet penetration rate and High demand for connected and wearables devices are factors propelling the growth of the IoT sensors market.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26520972

Industry Trends of the Global IoT Sensors Market:

1. Texas Instruments launched the industry’s first zero-drift Hall-effect current sensors. The TMCS1100 and TMCS1101 enable the lowest drift and highest accuracy over time and temperature while providing reliable 3-kVrms isolation, which is especially important for AC or DC high-voltage systems, such as industrial motor drives, solar inverters, energy storage equipment, and power supplies.

2. TE Connectivity launched LVDT position sensors. These sensors offer standard and custom solutions based on hydraulic application requirements of ICT off-highway equipment and industrial machine tools.

3. NXP Semiconductors announced the acquisition of the wireless connectivity assets from Marvell (NASDAQ: MRVL).

What are the Driving Factors of Evolution of technologies and consolidation of IoT Sensors Market?

The IoT sensors market size is expected to reach USD 29.6 billion by 2026 from USD 8.4 billion in 2021, at a CAGR of 28.6%  during the forecast period.

Pressure sensor to hold the largest share of the IoT sensors market in 2020

The market for pressure sensors is largely driven by increased concerns regarding safety, comfort levels, and reduction in automobile emissions. The regulatory mandates requiring the compulsory installation of onboard diagnostics to reduce greenhouse gas emissions will further lead to growth in demand for pressure sensors.

IoT Sensors Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
The market for the Industrial IoT vertical to hold the largest share of the IoT sensors market in 2020

The key factor fueling the growth of the industrial IoT segment of the IoT sensors market is the requirement to implement predictive maintenance techniques in different industries to monitor the working of industrial equipment to avoid unscheduled downtimes in production cycles. The intelligent wireless sensors constantly monitor parameters of critical processes in industrial environments, thereby leading to the increased operational efficiencies of industries.

Major players in the IoT Sensors Market are Texas Instruments (US), TE Connectivity (Switzerland), Broadcom (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Bosch Sensortec (Germany), TDK (Japan), Infineon Technologies (Germany), Analog Devices (US), Omron (Japan) are the key players in the market.

IoT Sensors Market - Geographical Regional Vision by MarketsandmarketsTM
APAC is expected to hold the largest market share during the forecast period

Countries such as India, China, Japan, South Korea, and Australia are key contributors to the growth and the development of the IoT sensors market in APAC. The growing penetration of the Internet across commercial and residential spaces, along with broadening consumer base, increasing disposable income of the masses, and improving IT infrastructures are some key determinants supplementing the growth of the IoT sensors market in APAC.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Monday 31 October 2022

Digital Textile Printing Market worth $2.31 Billion USD by 2023, at CAGR of 5.59%

 

Attractive Opportunity: Supercharge your Visualizations

The major factors driving the growth of the digital textile printing industry include the growing demand for sustainable printing; increasing demand for digital textile printing in the garment and advertising industries; shortening lifespan and faster adaptability of fashion designs; development of new technologies in the textile industry; reduced per unit cost of printing with digital printers, and growth of the e-commerce industry.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69083468

Industry Trends of the Global Digital Textile Printing Market:

1. The major factors driving the growth of the market include the growing demand for sustainable printing; increasing demand for digital textile printing in the garment and advertising industries; shortening lifespan.

2. Faster adaptability of fashion designs; development of new technologies in the textile industry; and reduced per unit cost of printing with digital printers.

3. The market for roll to roll printing process held the largest market share in 2017. In 2017, the roll to roll printing process accounted for more than two-third of the digital textile printing market.

What are the Driving Factors of Evolution of technologies and consolidation of Digital Textile Printing Market ?

The digital textile printing market was valued at USD 1.67 Billion in 2017 and is expected to reach USD 2.31 Billion by 2023, at a CAGR of 5.59% during the forecast period.

Roll to Roll printing process expected to hold the largest market share by 2023

The roll to roll printing process is expected to hold the largest share of the digital textile printing market during the forecast period. Currently, the roll to roll printing process accounts for more than two-thirds of the digital textile printing market and is majorly used in textile & decor, soft signage, and industrial applications. The major applications in textile & decor are home textile, upholstery, linens, drapery, scarves, ties, bags, sportswear, footwear, clothes, interior decor, etc. Applications in the soft signage and industrial segments include carpets, posters, banners, flags, vehicle wrapping, wallpaper, building material, POS display, etc.

Digital Textile Printing Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
Direct to Garment application to grow at highest rate during forecast period

The direct to garment application is estimated to register the highest CAGR during the forecast period. Fast moving fashion cycles, cost advantage on short run cycles, creative designs, quick time to market for new trends, reduced wastage, and low power consumption are some of the major factors which will drive the market for direct to garment applications. According to industry experts, the future of fashion is all about customization.

Major players in the Digital Textile Printing Market are Aeoon Technologies GmbH (Austria), ATPColorSrl (Italy), Bordeaux Digital PrintInk Ltd. (Israel), Durst Phototechnik AG (Italy), Hollanders Printing Systems B.V. (Netherlands), Kornit Digital (Israel), SPGPrints B.V. (Netherlands), Brother International Corporation (Japan), Colorjet Group (India), d.gen Inc. (South Korea), Konica Minolta, Inc. (Japan), Mimaki Engineering Co., Ltd. (Japan), Mutoh Holdings Co. Ltd. (Japan), Ricoh Company Ltd (Japan), Roland DG Corporation (Japan), Seiko Epson Corporation (Japan), DuPont (US), Electronics For Imaging, Inc. (US), and Huntsman International LLC (US).

Digital Textile Printing Market - Geographical Regional Vision by MarketsandmarketsTM
Europe likely to hold the largest share of digital textile printing market during forecast period

Europe is expected to hold the largest share of the digital textile printing market during the forecast period owing to the economic recovery and increased growth in the printing industry. Digital textile printers are increasingly being deployed in Europe to meet the need for faster turnaround times, shorter runs, and more variable data printing with high quality. The use of digital textile printers in the fashion industry is another factor driving the growth of this market in this region.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

 

 

Industrial Control & Factory Automation Market worth $218.8 billion by 2027, at CAGR of 8.2%

 

Attractive Opportunity: Supercharge your Visualizations

Increasing adoption of technologies such as AI and IoT in industrial environments, increasing number of government initiatives to promote industrial automation, and rising need for augmented reality and virtual reality technologies are major factors driving the growth of the industrial control & factory automation market. Additionally, growing adoption of smart manufacturing techniques across process and discrete industries is another key driver for the market.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Industry Trends of the Global Industrial Control & Factory Automation Market:

1. Dwyer Instruments introduced the Series 685 differential pressure transmitter targeted for installers and maintenance professionals. They feature a user-configurable response time and can be mounted in any orientation. They do not require any separate calibration devices.

2. Yokogawa introduced the OpreX Vortex Flowmeter VY Series. These flowmeters are designed to handle a wider range of temperatures, fluid types, and pressure. They could perform precise temperature and pressure-compensated calculations by utilizing the data from pressure gauges and readings from a built-in temperature sensor.

3. Emerson launched MTConnect, an industrial control platform driver for enabling easy integration of computer numerical control (CNC) machines with modern data analysis automation environments. This allows collection of data from machines, robots, tools, and devices, which could not previously be cumulatively analysed in one platform. The new driver offers reduced downtime, improved efficiency, and increased productivity.

What are the Driving Factors of Evolution of technologies and consolidation of Industrial Control & Factory Automation Market?

The global industrial control & factory automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%.

Industrial 3D printing to grow at the highest growth rate during the forecast period

Industrial 3D printing is used in tooling, robotics, and special machinery applications. The manufacturing of tools is an expensive and time-consuming process, but it can be simplified using industrial 3D printing. Tools with highly complex designs can be easily manufactured, thereby eliminating the need for an assembly line, and helping to reduce labor costs. The development of new materials is expected to contribute to the increased adoption of industrial 3D printing globally.

Industrial Control & Factory Automation Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
Among discrete industries, the medical device industry is expected to register the highest growth during the forecast period

The growth of the medical device industry is driven by continuous innovations and technological advancements in the field of healthcare. The industry has witnessed significant growth owing to the development of state-of-the-art medical devices equipped with novel technologies. Manufacturers operating in this industry are adopting innovative solutions to enhance their overall manufacturing processes and increase operational efficiency, thereby increasing the adoption of industrial control & factory automation solutions in this domain.

Major players in the Industrial Control and Factory Automation Market are ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser (Switzerland), Honeywell (US), Rockwell Automation (US), and General Electric (US).

Industrial Control & Factory Automation Market - Geographical Regional Vision by MarketsandmarketsTM
Asia Pacific held the largest share of the industrial control & factory automation market

The industrial control & factory automation market in Asia Pacific held the largest share (35.9%) of the overall market in 2021. The growth of the market in this region can be attributed to the increasing adoption of industrial automation technologies, especially across China and India. The growth of the market in China stems from the increase in labor wages and the presence of numerous automobile manufacturing plants in the country.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

 



Construction Robot Market worth $166.4 Million USD by 2023, at CAGR of 16.8%

 

Attractive Opportunity: Supercharge your Visualizations

The market is mainly driven by the factors such as enhanced productivity, quality, and safety due to the implementation of construction robots and growing urbanization worldwide. Construction robot market refers to the reduction or complete removal of human intervention from main construction automation activities in many of the applications, such as public infrastructure, commercial and residential buildings, and nuclear dismantling and demolition. The construction operations are automated by using automated construction equipment or construction robots.

Download PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266557111

Industry Trends of the Global Construction Robot Market:

1. Husqvarna Group’s Construction Division agreed to acquire the Light Compaction & Concrete Equipment business of Atlas Copco (Sweden). The acquisition was expected to support the overall ambition of Husqvarna Group, growing the market share of the construction division.

2. Fastbrick Robotics raised USD 27.6 million with the support of Global Institutional Funds and Domestic Funds. The key focus is on the assembly, testing, and demonstration of the 2 Hadrian X commercial prototypes being built.

3. Ekso Bionics raised USD 34 million of gross proceeds, which includes the investment of USD 20 million by Puissance Capital Management (US). The company raised the fund in fully financed rights offerings. The capital raised through this financing was expected to provide the company with additional resources to further advance the adoption and development of its innovative exoskeleton solutions in both the rehabilitation and industrial verticals.

What are the Driving Factors of Evolution of technologies and consolidation of Construction Robot Market?

Theconstruction robot market is valued at USD 76.6 Million in 2018 and is expected to reach USD 166.4 Million by 2023, at a CAGR of 16.8% between 2018 and 2023.

Semi-autonomous construction robots held larger share of overall market

The semi-autonomous construction robots held a larger share of ~67.1% of the overall construction robot market in 2017. The need for broader and more efficient infrastructure, and improved infrastructure monitoring for predictive and corrective maintenance are the factors driving the market for the semi-autonomous construction robots.

Construction Robot Market : Top Leading Companies Profiles:
Construction robot market for exoskeleton to grow at highest CAGR during forecast period

The market for exoskeleton is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to the fact that most of the construction companies are expected to adopt exoskeletons for their workers to address the issue of labor shortage. The deployment of exoskeletons is likely to help workers to perform heavy work easily; hence, the use of exoskeleton is expected to improve work environment at construction sites.

Major players in the flexible heater market are Brokk (Sweden), Husqvarna (Sweden), Ekso Bionics (US), Komatsu (Japan), Fujita (Japan), Construction Robotics (US), Fastbrick Robotics (Australia), Autonomous Solutions (US), Conjet (Sweden), TopTecSpezialmaschinen (Germany), Apis Cor (Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun) (China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe Construction (Netherlands), CYBERDYNE (Japan), Giant Hydraulic Tech (China), Alpine Sales and Rental (US), and Beijing Borui Intelligent Control Technology (China).

Construction Robot Market - Geographical Regional Vision by MarketsandmarketsTM
Europe is a major consumer of construction robots

Europe accounted for a major share of the overall construction robot market in 2017. The largest size of the European construction robot market is attributed to the large facilities of various companies for the development and production of the construction and demolition robots, increasing number of government regulations, and growing need for the residential and non-residential construction projects. Also, the European construction market is expected to grow tremendously in the coming years. The high rate of industrialization has increased the extent of construction activities in the region, leading to increasing demand for advanced construction equipment, such as robots.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

RF Signal Chain Components Market worth $72.9 Billion USD by 2027, at CAGR of 13.3%

 

According to the new market research report "RF Signal Chain Components Market by Product (Filters, Diplexers), Frequency Band (Ka Band, Ku Band), Material Type (Gallium Arsenide, Gallium Nitride), Application (Consumer Electronics, Telecom Infrastructure), and Region-Global forecast to 2027" The global RF signal chain components market size is projected to grow from USD 39.0 billion in 2022 to USD 72.9 billion by 2027; it is expected to grow at a CAGR of 13.3% from 2022 to 2027. The key factors contributing to the growth in RF signal chain components market growing investments in 5G infrastructure, increasing demand of RF components from defense sector and rising demand for smartphones. However, high cost of GaN-based RF devices is hindering the growth of RF signal chain components market. Increasing number of trade legalization due to geopolitical factors possesses a huge challenge to the industry. However, growing focus on RF equipment from automotive sector and increase in number of space programs worldwide is the biggest opportunity in the market space during the forecast period.

Browse 164 market data Tables and 59 Figures spread through 262 Pages and in-depth TOC on "RF Signal Chain Components Market and Region-Global forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/rf-signal-chain-components-market-234495624.html

Increased demand for consumer electronics to drive market growth

Increasing demand for low-noise amplifiers from the smartphone industry, the rising adoption of long-term evolution (LTE) technology, the surging adoption of E band to meet the increasing bandwidth requirements of the space, defense, and wireless communication infrastructure sectors, and the growing defense expenditure of different countries globally are the factors leading to the increased adoption of low-noise amplifiers in the RF signal chain components market. Low-noise amplifiers are used in smartphones to improve the reception of weak signals and enhance smartphone data transfer rates. To enhance the mobile broadband experience for customers, telecom operators are continuously developing their 4G networks by deploying LTE-advanced technologies. Additionally, low-noise amplifiers are used as an important block in designing receivers for LTE networks.

K band use by meteorologists, police, and law enforcement agencies to boost market growth

K band frequencies range from 18 to 27 GHz with wavelengths from 1.11 to 1.67 cm. Meteorologists mainly use this band to gather cloud and weather-related information, while the police and law enforcement agencies measure the speed of automobiles. Several non-law enforcement radar sources operate in this frequency range, including automatic door openers and some blind-spot monitoring systems installed on vehicles. This has given the K band a reputation for a high percentage of false alerts, leading to recommendations for disabling it entirely to reduce false alerts.

High input power survivability eliminates requirement for power limiters

Gallium nitride (GaN) is an emerging alternative for pure silicon in the field of semiconductors and electronics due to its high brightness emissions and intensities in opto-semiconductors, high power efficiency, superior high-frequency handling capacity, and flexibility to be used along with various substrates such as silicon, sapphire, and silicon carbide (SiC). Gallium nitride is a very hard and mechanically stable semiconductor material with a wide bandgap, high heat capacity, and thermal conductivity. In September 2019, Qorvo, Inc. announced that Lockheed Martin had selected one of its gallium nitride power amplifiers to manufacture the Q-53 radar system of the US Army.

Rise in demand for carrier frequencies to provide high-quality telecom infrastructure

Increased data consumption with advancements in portable electronic technology in the form of voice and data, as well as streaming, uploading, and downloading of videos, have been witnessed. As a result, there is a rise in demand for carrier frequencies to provide high-quality wireless communication infrastructure. These carrier frequencies are expected to provide large bandwidth and micro or pico-cellular networking structure. RF signal chain components such as switches are vital in addressing these challenging requirements. Furthermore, increased data requirements challenge the capacity of backhauls. The deployment and adoption of 5G infrastructure are expected to lead carrier frequency operators to resort to microwave backhauls. RF power amplifiers are used to cater to the requirements of microwave backhauls. Power amplifiers also play a vital role in the radio front end due to their increased impact on a system's power consumption and linearity. As a result, the demand for RF power amplifiers is expected to increase in the future with the expansion of wireless infrastructure across the world.

Asia Pacific to hold the largest market share during the forecast period

Asia Pacific is a major producer of consumer electronics such as smartphones, tablets, laptops, televisions, etc. Asian countries such as China, Japan, South Korea, and India are also witnessing the commercial deployment of the 5G network. Samsung, Huawei, Vivo, Honor, OPPO, Xiaomi, and OnePlus are among the leading providers of 5G-enabled smartphones in the region. The rising demand for these smartphones is expected to fuel the demand for RF signal chain components market during the forecast period.

The key players operating in the RF signal chain components market are Qorvo, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Skyworks Solutions, Inc. (US), Broadcom (US), Analog Devices, Inc. (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

Don’t miss out on business opportunities in RF Signal Chain Components Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com