Electrical & Electronics Industry - Market Research Report

 The North America fountain dispenser equipment market size was estimated to reach USD 1.21 billion in 2030, expanding at a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The ongoing development of technology is a key factor fueling the market for fountain dispenser equipment in the region. The abilities and functionality of fountain dispensers have been completely transformed by technological advancements, encouraging more businesses in the foodservice industry to adopt these equipment. The consumer experience has been greatly enhanced by these developments along with simplifying beverage operations. Automated fountain dispensers dominated the North America market for fountain dispenser equipment in 2022. Automated fountain dispensing machines offer a convenient way for consumers to access a wide variety of beverages quickly and easily. These machines are often placed in high-traffic areas such as convenience stores, fast-food restaurants,...

The global   drone sensor market   size was estimated at USD 1.42 billion in 2023 and is expected to grow at a CAGR of 10.0% from 2024 to 2030. The rising demand for high-resolution drones with advanced capabilities is significantly impacting the market. As industries seek enhanced data collection capabilities, sensors that offer improved accuracy, reliability, and real-time data processing are becoming essential. This trend is particularly evident in sectors like agriculture, where precision farming techniques require detailed aerial data for optimizing crop yields and resource utilization. Consequently, manufacturers are investing in the development of sophisticated sensors that can meet these growing needs, incorporating features such as multispectral imaging and hyperspectral sensing. The integration of advanced technologies, such as artificial intelligence and machine learning, is further enhancing the capabilities of drone sensors, enabling them to analyze data more effi...

The global   ingestible sensors market   size is expected to reach USD 1.8 billion by 2030, registering a CAGR of 10.90% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing need for medical adherence and real-time monitoring of health along with the rising prevalence of chronic diseases are some of the factors driving the market growth. Furthermore, improvement in patient compliance to treatment is boosting the usage of ingestible sensors. Increasing research on using smart pills for the detection of gut diseases, cancer, and others.is likely to favor market growth. In July 2020, a team of researchers at the University of Saskatchewan received USD 250,000 from the federal New Frontiers in Research Fund for research on an AI-enabled capsule intended for the early diagnosis of gastrointestinal cancers. Smart-Cap consists of wireless biosensors that can analyze targeted cancer biomarkers and locate tumors and bleeding, resulting in greater accuracy. ...

  The global   data center transfer switches and switchgears market   size is estimated to reach USD 5.42 billion by 2030, expanding at a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is attributed to the benefits offered by electrical devices such as protecting and isolating the electrical equipment that are directly linked to the electrical supply of the data centers. Moreover, transfer switches and switchgears, switch from primary source to back up supply like a UPS, and generators, thus allowing uninterruptible power supply operation in the datacenters. Furthermore, volume of data to be stored in data centers has been increasing owing to the rise in cloud computing, mobile usage, and the evolution of the internet of things. Thus, datacenter operators need to function without interruption of power in order to prevent the loss of data. Moreover, the electrical devices ensure reliable power distribution th...

  The global   cable management system market   size is expected to reach USD 37.6 billion in 2030 and is projected to grow at a CAGR of 8.2% from 2025 to 2030. Growing demand for cable management systems in the IT & telecommunication industry is projected to augment the market. Cable management products help in handling cabling systems in residential and commercial buildings to manage cable connections during pre-construction as well as post construction. Numerous components of cable management systems are used in the construction industry, such as floor ducts & boxes, cable glands & connectors, electrical raceways, trays & ladders, and electrical conduit systems. Surging demand for better infrastructure and rapid industrialization in developing economies are driving the cable management system market. Government initiatives for time-bound creation of excellent infrastructure in developing countries are boosting the growth of the construction sector, whic...

  The global   outsourced semiconductor assembly and test services market   size is expected to reach USD 67.92 billion by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. outsourced semiconductor assembly and test (OSAT) vendors are third-party service providers offering testing, packaging, and assembly of integrated circuit devices, which ultimately helps bridge the gap between semiconductor foundries and consumers. The market growth is driven by the use of OSAT packaging and test services by semiconductor device manufacturers worldwide. The significant increase in the number of connected devices and consumer electronics, along with an increasing focus of the companies on quality improvement and end-to-end testing solutions, is expected to further drive the market growth. Furthermore, the growing dominance of fabless market players in the sales of ICs is expected to contribute to the growth of the OSAT market. Th...