Electrical & Electronics Industry - Market Research Report

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...

The U.S. residential lighting fixtures market size was estimated to reach USD 4.04 billion in 2030 and is anticipated to expand at a CAGR of 5.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Consumers prefer LED bulbs to other lighting fixtures, as evidenced by the fact that LEDs accounted for the majority of the overall 2019 retail light bulb sales in Connecticut and other New England states. As per the Short-Term Residential Lighting Report by NMR Group, LEDs accounted for almost 80% of reflector bulbs sold in Connecticut in 2019. In Connecticut, LEDs accounted for almost half of all A-line, globe, and candelabra bulb sales. LED sales for globe and candelabra lights increased significantly between 2018 and 2019. The long-term involvement of market players in Connecticut's residential retail sector through incentives, marketing, and education laid the way for a larger share of the LED market. The LED & OLED segment held the largest market size in 2...

  The global hybrid fiber optic connectors market size is expected to reach USD 1,400.3 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.8% from 2023 to 2030. The growing demand for a safer, spark-free medium for implementation in hazardous areas such as aircraft fuel cells and other applications that contain volatile gases is driving the need for hybrid fiber optic connectors. These connectors are primarily deployed in extreme environmental conditions and settings as they possess features such as resistance to dirt or dust, chemical, submersion, vibration, and humidity. The demand for high-performance fiber optic connectors is rising in order to assure adequate environmental, mechanical, and optical performance in various industries, such as military & aerospace, oil & gas, safety & security, civil engineering, railways, power & utility, and others. Hybrid fiber optic connectors save installa...

  The global contact lens solution market size is expected to reach USD 4.48 billion by 2030, registering a CAGR of 3.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing number of cosmetic lens wearers and a rise in the participation of outdoor sporting and recreational activities are some of the key factors projected to drive the growth. These Solution are used for disinfecting, cleaning, and wetting the contact lenses. They are also used for storing the contacts when not being used. This factor is anticipated to further fuel the demand for the solution. A variety of contact lens Solution are available, which are customized based on the type of material used in contact lenses. The Solution are also made available in varied volume categories for the enhanced convenience of the users, including occasional and daily wearers. Contact lens solution can be purchased directly from the practitioners, e-commerce sites, and through the retail network. The...

  The U.S. medical display monitors market size is estimated to reach USD 1.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028. The rise in the number of diagnostic imaging centers across the U.S., increased adoption of hybrid operating rooms, rise in minimally invasive surgeries, increased cancer prevalence, and high volume of diagnostic imaging procedures are the factors responsible for market growth. The display allows surgeons and medical practitioners to view diagnostic and surgical images in higher resolution for clear identification of tissues and blood vessels. A single monitor has the capacity to display data from optical microscopes, navigation displays, video streaming of the operating room, and diagnostic scans, to reduce surgeons’ burden to obtain data from different sources. This tool is of utmost importance for the radiologist, as it plays a key role in diagnosis accuracy and ...

  The global silicone in electric vehicles market is anticipated to reach USD 12.46 billion by 2030 and is anticipated to expand at a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing production and sale of electric vehicles is driving the market. Silicone exhibits properties such as superior electrical insulation, thermal conductivity, chemical stability, flame retardancy, heat resistance, radiation resistance, moisture resistance, chemical resistance, and resistance to environmental factors such as humidity and light. The siloxane (-Si-O-Si-) bond, which is highly stable, imparts stability to silicone. The binding energy of siloxane (-Si-O-Si-) bond is 433 kJ/mol, which is higher compared to carbon bonds (C-C) at 355 kJ/mol. The low intermolecular force of silicone molecules imparts high elasticity, high compression ability, and improved temperature resistance to silicone The thermal conductivity of silicone enables lowering the...

  The Middle East cables market size is expected to reach USD 15.52 billion by 2030, registering a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing preference towards tree retardant XLPE material is anticipated to spur market growth over the forecast period. New product and technology innovation is expected to catapult the demand across mature markets such as Saudi Arabia and the UAE. Increasing government investments for economic and infrastructure growth is expected to provide avenues to the Middle East cables market. Further, a tremendous increase in energy demand owing to ongoing infrastructure activities for Dubai Expo 2020 is also expected to drive regional market growth over the next six years. An increase in power transmission demand for organizing the FIFA World Cup 2020 in Qatar is providing avenues to the Middle East cables market. The emergence of technologically advanced materials such as LVDC high-temperature superconducto...

 The global magnetic materials market size is expected to reach USD 48.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.7% from 2022 to 2030. The rising investments in magnet-producing facilities are anticipated to augment the demand for the product during the forecast period. The companies in the market are exploring the possibilities to expand their production capacities in end-use segments. For instance, in June 2021, Jintian Copper announced its plans to build facilities for the production of rare-earth magnets i.e., permanent magnets. The company is likely to target downstream mid to high-end products and improve the core competitiveness of the company. Energy is anticipated to remain the fastest-growing application segment in Europe during the forecast period. Highly legislated climate targets require a rapid increase in renewable energy by 2030. The region adopted the European climate law in 2021 ...

 The global consumer electronics repair and maintenance market size is expected to reach USD 25.15 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The proliferation of consumer electronics in everyday life has been a major driver behind the rising demand for repair and maintenance services. With the increasing reliance on smartphones, tablets, laptops, smartwatches, and other electronic devices for work, communication, and entertainment, the likelihood of device malfunction or wear and tear has grown. As more people integrate these devices into their daily routines, the need for reliable repair services becomes more pronounced. Consumers are more dependent on their electronics than ever before, which naturally leads to a higher demand for repair and maintenance services. The rapid pace of technological advancements has significantly influenced the market. As electronics become more sophisticated, they are also mo...

  The global isothermal nucleic acid amplification technology market size is expected to reach USD 10,698.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.3% from 2023 to 2030 A significant rise in awareness regarding the rapid testing and early detection of chronic and infectious diseases is expected to be a significant factor driving the market growth. Furthermore, the global growth in the prevalence of HIV, hepatitis, and sexually transmitted diseases, as well as the rise in adoption of INAAT for the diagnosis of such diseases, is anticipated to drive market growth. INAAT offers a more sensitive, accurate, and rapid alternative to traditional methods, such as culture-based identification, for the diagnosis of infectious diseases. Similarly, INAAT techniques require minimal resources and are used without the need for thermal cyclers, which significantly improves the portability of such techniques. Moreover,...

  The global high voltage direct current power supply market size is expected to reach USD 5.9 billion by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new study by Grand View Research Inc. These gadgets offer significant opportunities for industry expansion and interact with renewable or alternative energy sources like photovoltaics, fuel cells, and wind power with ease. Over the next seven years, product demand is expected to be driven by the advent of hybrid HVDC power supply circuit technology that makes use of Voltage Source Converters (VSC) and is compact in comparison to traditional design. The industry has also seen the advancement of high power Insulated Gate Bipolar Transistors (IGBT), which has reduced the size of the HVDC power supply system and generated significant financial gains. The only feasible option now on the market that can be used with renewable energy sources is the HVDC power supply, which increases the dependability of an electrical s...