Electrical & Electronics Industry - Market Research Report

  In 2022, the global   outsourced semiconductor assembly and test services market   was valued at USD 37.22 billion. Projections indicate it will grow to approximately USD 67.92 billion by 2030, reflecting a compound annual growth rate (CAGR) of about 7.9% over the period from 2023 to 2030. The expansion of this market is driven by rising demand in consumer electronics, developments in next-generation electric vehicles, and the increasing importance of semiconductor components in industrial automation and smart manufacturing. Key Market Trends & Insights In 2022, the Asia Pacific region held the largest portion of market revenue, representing 60.2% of the total global share. North America is expected to grow at the fastest rate during the forecast period, with a projected CAGR of 8.5%. Among the service types, the assembly & packaging segment accounted for a dominant 82.0% share of global revenue in 2022. By application, the telecommunication segment was the sing...

The global   night vision device market   size was valued at USD 7.02 billion in 2022 and is projected to reach USD 16.32 billion by 2030, registering a CAGR of 11.5% from 2023 to 2030. The growing adoption of night vision devices among nature enthusiasts and wildlife researchers is expected to significantly contribute to market growth. The affordability and technical feasibility of equipping soldiers with color-capable night vision devices further support this upward trend. These devices, particularly goggles, are extensively used in the military for surveillance, navigation, rescue missions, and combat operations. Law enforcement agencies also rely on night vision goggles for training and to ensure defense personnel are mission-ready. A high-quality set of night vision devices can provide visibility up to 150–200 yards on a moonless, cloudy night, which is anticipated to boost demand during the forecast period. Moreover, technological innovations, such as integrating rangefi...

The global   millimeter wave (mmWave) technology market   size was valued at USD 3.75 billion in 2023 and is projected to reach USD 38.55 billion by 2030, growing at a CAGR of 39.7% from 2024 to 2030. Millimeter wave refers to the spectrum band with wavelengths ranging between 30 GHz and 300 GHz. The adoption of mmWave technology is being fueled by its ability to deliver high data rates, low latency, and support for a massive number of devices simultaneously. Rising demand for bandwidth-intensive applications, the use of mmWave in 5G communications, and the increasing need for high-speed IoT connectivity are driving growth. According to the International Telecommunication Union (ITU), international bandwidth usage rose from 292 Tbit/s in 2017 to 1,230 Tbit/s in 2022. This sharp increase highlights the growing reliance on high-speed data transfer, positioning mmWave technology as a critical enabler of enhanced wireless connectivity. The widespread rollout of 5G networks further...

The global   mesoporous silica market   was valued at USD 170.1 million in 2022 and is anticipated to reach USD 388.7 million by 2030, growing at a CAGR of 10.4% from 2023 to 2030. The increasing adoption of the product across various industries—including chemicals, wastewater treatment, and pharmaceuticals—continues to be a key growth driver for the market. Mesoporous silica’s thermal stability, favorable chemical attributes, and biocompatibility make it a promising material in the pharmaceutical sector, especially for drug delivery systems. Ongoing research and development in cancer therapies utilizing mesoporous silica is further stimulating market growth. Its broad applicability in wastewater treatment, chemical synthesis, and the increasing government and private sector investment in biotechnology is expected to reinforce demand over the coming years. In the U.S., the market for mesoporous silica is expected to grow steadily between 2023 and 2030. Meanwhile, China is emer...

The global   RF test equipment market   was valued at USD 2,763.1 million in 2023 and is projected to reach USD 4,875.5 million by 2030, growing at a CAGR of 8.6% from 2024 to 2030. This market comprises devices and tools designed to test and measure radio frequency (RF) signals, ensuring optimal performance across various applications. RF test equipment is essential in the design, manufacturing, and maintenance of devices operating within the RF spectrum, such as telecommunications systems, consumer electronics, automotive technologies, aerospace, and defense applications. Key devices include oscilloscopes, signal generators, spectrum analyzers, network analyzers, power meters, and frequency counters—each fulfilling specialized testing roles to ensure compliance with technical standards. Market expansion is being propelled by factors such as: The rollout of 5G technology, which demands rigorous multi-band testing (including sub-6 GHz and mmWave frequencies). Rising complexity...

The global  mobile value added services (VAS) market  size was valued at USD 1,089.86 billion in 2024 and is projected to reach USD 3,237.18 billion by 2033, growing at a CAGR of 13.2% from 2025 to 2033. Market growth is being driven by the rapid proliferation of smartphones, expanding mobile internet penetration, and the rising consumer demand for personalized, on-the-go digital experiences. Increased digital engagement among younger demographics and small businesses has been instrumental in driving industry expansion. Technological advancements, particularly the integration of Artificial Intelligence (AI), Machine Learning (ML), and Big Data analytics, are enabling service providers to deliver highly customized, real-time content. The rollout of 5G infrastructure has further improved service quality and bandwidth, supporting advanced VAS offerings such as high-quality video streaming, augmented reality (AR), and mobile cloud services. Innovations in mobile payment platforms ...

The global   mobile device management (MDM) market   was valued at USD 7.67 billion in 2024 and is projected to reach USD 28.37 billion by 2030, growing at a CAGR of 24.5% from 2025 to 2030. MDM refers to software and services used to manage and secure mobile devices such as smartphones, tablets, and laptops. The market has expanded significantly due to the widespread use of mobile devices in workplaces and the rising need to secure sensitive corporate data. The COVID-19 pandemic further accelerated MDM adoption, with remote work increasing the demand for secure mobile connectivity. Key drivers include: Rising data security concerns: Mobile devices are vulnerable to loss, theft, and cyberattacks. MDM provides encryption, password protection, remote wipe, and device tracking. Regulatory compliance: Many industries require strict data protection measures, making MDM essential for meeting compliance standards. BYOD trend: The growing practice of employees using personal devices f...

The   Mexico welding consumables market   was valued at USD 560.8 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2030. This growth is largely driven by a surge in construction activities and infrastructure development across the country, fueling demand for welding services in sectors such as automotive and industrial manufacturing. The expansion of Mexico’s manufacturing base and increased adoption of advanced welding technologies like laser and robotic welding are also key contributors to market growth, enhancing efficiency and production capabilities. Government support through infrastructure investment initiatives is further boosting the sector, encouraging compliance with safety standards and regulatory frameworks, and driving the demand for high-performance welding consumables. Welding consumables—such as electrodes, filler metals, and essential welding equipment—play a critical role in modern welding processes. The u...

The global   power quality equipment market   was valued at USD 31.82 billion in 2023 and is projected to reach USD 48.46 billion by 2030, expanding at a CAGR of 6.3% from 2024 to 2030. This growth is primarily fueled by the rising need for dependable and uninterrupted power supply across various industrial sectors. Frequent power outages and voltage fluctuations, particularly in emerging economies, are driving the adoption of advanced power quality solutions. The increasing deployment of sensitive electronic systems, which demand consistent and high-quality power for optimal functionality, is further supporting market expansion. Technological advancements are significantly transforming the power quality equipment landscape. One of the prominent innovations is the integration of Internet of Things (IoT) technologies, which facilitate real-time monitoring and control. These systems enable proactive maintenance and rapid response to power anomalies, helping to reduce operational...

The global   power management system market   size was estimated at USD 6.13 billion in 2023 and is projected to reach USD 9.69 billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030. This growth is driven by the increasing emphasis on energy efficiency across industries and rising awareness of environmental sustainability. The market also benefits from the growing use of renewable energy sources like solar and wind, which require advanced power management systems to handle variable energy inputs and maintain grid stability. Businesses and consumers alike are prioritizing solutions that optimize energy use, minimize waste, and reduce operational costs. Regulatory frameworks promoting energy-efficient practices further contribute to the adoption of power management systems. These systems often feature real-time monitoring, predictive analytics, and intelligent control, enabling users to achieve energy efficiency goals more effectively. According to the Energy Efficiency 2...

The global   power electronic testing market   size was estimated at USD 6,163.1 million in 2024 and is projected to reach USD 12,886.9 million by 2033, growing at a CAGR of 8.6% from 2025 to 2033. This market is witnessing steady expansion, driven by the increasing adoption of electric vehicles across major global economies. The rise in investments in renewable energy systems is further amplifying the demand for advanced testing solutions. Manufacturers are placing greater emphasis on efficiency, safety, and regulatory compliance, all of which are contributing to the development of the power electronic testing market. As devices grow more complex in design, the power electronics testing market is evolving accordingly. Companies are turning to highly accurate and repeatable testing methods to meet stringent industry demands. Automation plays a key role in reducing testing time while boosting both efficiency and consistency. High-precision tools are being deployed to validate p...