Electrical & Electronics Industry - Market Research Report

  According to a recent report by Grand View Research, Inc., the global   switchgear market   is projected to reach USD 160.07 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030. The industrial and commercial sectors in emerging economies have seen substantial growth in recent years, fueled by ongoing urbanization—a hallmark of the modern era. As people migrate from rural areas to cities in search of improved living conditions and economic opportunities, urban centers have expanded rapidly. This migration has led to a surge in construction and infrastructure developments, including housing and transportation networks, thereby accelerating industrial and commercial activities. The growth of these sectors relies heavily on the presence of reliable and efficient electrical distribution systems. A steady and uninterrupted electricity supply is essential for industrial facilities, commercial buildings, data centers, and infrastructure pr...

  According to a recent report by Grand View Research, Inc., the global   flexible electronics market   is projected to reach USD 54.07 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.5% between 2023 and 2030. One of the primary drivers behind this growth is increased government investment in the healthcare sector aimed at enhancing patient care. Additionally, medical device manufacturers are increasingly introducing smart products and implants that support real-time patient monitoring. This trend is expected to significantly boost demand for flexible sensors and batteries, thereby propelling market expansion. The rising popularity of wearable devices such as smartwatches, fitness trackers, and smart clothing has played a vital role in fueling the market's growth. Flexible electronics enable the creation of lightweight, adaptable, and comfortable wearables that conform to the human body while maintaining full functionality. This innovation has spurr...

  According to a recent report by Grand View Research, Inc., the global   microphone market   is projected to reach USD 9.99 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2030. A key factor driving this growth is the increasing use of microphones in the music industry. The growing popularity of online events and performances, enabled by widespread access to smartphones and the internet, is also contributing significantly to market expansion. The growth of the on-demand video market, especially with the emergence of premium streaming services, has further supported this trend. The market is also expected to benefit from rising demand among end-users such as stand-up comedians and motivational speakers. The growing number of live and virtual events is anticipated to boost demand for microphones and speakers, fueling further growth in the market. However, the COVID-19 pandemic significantly impacted the industry. The global economic sl...

  The global   burglar alarm systems market   was valued at USD 4.16 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. In recent years, intruder alarm systems have seen considerable advancements. Emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT) have transformed the broader security systems landscape. Future-oriented innovations like IoT are also facilitating the development of smart homes. Additionally, enhancements in sensor data fusion technology have boosted demand for advanced security solutions among end-users. For example, in November 2022, Arlo Technologies, Inc., a U.S.-based provider of wireless surveillance products, launched the Arlo Home Security System. This system features a new, all-in-one multi-sensor capable of performing eight distinct sensing functions. The burglar alarm systems market has seen rapid growth, driven by continuous technological improvement...

The global  architectural lighting market  was valued at USD 10.20 billion in 2024 and is projected to expand at a CAGR of 7.7% from 2025 to 2030. This market represents a dynamic and swiftly evolving sector, focused on improving the functionality, aesthetics, and sustainability of lighting across a wide range of architectural applications. Key growth drivers include rapid urbanization and expanding infrastructure development, particularly within emerging economies. Component Insights In 2024, the ballasts segment led the market, contributing over 18.0% of total revenue. The increasing adoption of LED lighting has fueled the demand for LED-compatible ballasts, which are essential for enhancing system performance, reliability, and energy efficiency. These ballasts play a pivotal role in optimizing LED operation, ensuring consistent and efficient performance across diverse applications. Additionally, the growing retrofit market continues to drive growth in this segment. Source I...

  The global   radio frequency (RF) components market   was valued at USD 41,934.4 million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 13.7% from 2025 to 2030. Ongoing innovations and developments in mobile handset technologies, driven by the shift from 2G and 3G to 4G/LTE, LTE-Advanced, LTE-Advanced Pro, and 5G, are increasing the demand for enhanced power efficiency and broader spectrum capabilities in mobile devices. This trend is expected to significantly boost the demand for RF components throughout the forecast period. According to The World Bank Group, as of 2023, approximately one-third of the global population still lacks internet access. As internet penetration continues to rise, the RF components market is poised for substantial growth. In July 2024, Smiths Interconnect introduced the "Mini-Lock Connector," designed for mission-critical applications requiring dependable high-frequency connectivity. Capable of operating up to 11...