Electrical & Electronics Industry - Market Research Report

The global   CubeSat market   was valued at USD 426.6 million in 2024 and is forecast to expand significantly, reaching USD 1,649.3 million by 2033. The market is expected to grow at a robust CAGR of 15.6% during the forecast period from 2025 to 2033. This strong growth trajectory is driven by the rising demand for cost-efficient satellite missions, increasing deployment of CubeSats for Earth observation and remote sensing, and continuous advancements in miniaturized satellite technologies. CubeSats are gaining widespread acceptance across commercial, government, and defense sectors due to their lower manufacturing costs, shorter development cycles, and flexible deployment capabilities. As access to space becomes more democratized, CubeSats are emerging as a preferred platform for rapid innovation and scalable satellite constellations. Key Market Trends & Insights North America accounted for the largest revenue share of 46.5% in 2024, maintaining its leadership position in...

The global   energy retrofit systems market   size was estimated at USD 160.5 million in 2024 and is projected to reach USD 240.3 million by 2030, reflecting a CAGR of 7.4% from 2025 to 2030. Continued investment in renewable energy integration, along with technological advancements in vanadium redox and hybrid flow chemistries, is accelerating adoption across commercial, industrial, and utility environments. Growing emphasis on energy efficiency, decarbonization, and lifecycle cost optimization is creating strong demand for retrofit solutions in buildings and infrastructure. As organizations prioritize sustainability and regulatory compliance, energy retrofit systems have become integral to reducing consumption, improving performance, and modernizing aging structures. Major Market Highlights 2024 Market Size: USD 160.5 million 2030 Market Size: USD 240.3 million CAGR (2025–2030): 7.4% Europe: Largest market in 2024 (48% share) Asia Pacific: Fastest-growing regional market Eur...

The global   wireless mouse market   was valued at USD 3.2 billion in 2024 and is forecast to reach USD 5.2 billion by 2033, expanding at a CAGR of 5.8% from 2025 to 2033. Market expansion is driven by continuous product innovation, refined ergonomic designs, and the integration of advanced features such as longer battery life, enhanced durability, and silent touch technology. These improvements are reinforcing adoption across both consumer and enterprise environments. Rising dependence on digital devices, including laptops, desktops, and commercial display systems, continues to underpin revenue growth. Accelerated digital transformation initiatives, increasing automation across industries, and evolving work practices such as remote and hybrid work models are contributing to higher demand for wireless peripherals. The convenience, mobility, and clutter-free setup offered by wireless mice further support widespread adoption. Market growth is also strengthened by improved produc...

The global   wireless audio devices market   was valued at USD 121.67 billion in 2024 and is forecast to expand to USD 790.05 billion by 2033, registering a strong CAGR of 23.7% from 2025 to 2033. Market growth is driven by rising consumer demand for portable and convenient audio solutions, the widespread adoption of audio streaming platforms, and the rapid expansion of mobile and online gaming ecosystems. Continuous advancements in Bluetooth connectivity, active noise cancellation, and battery efficiency are significantly enhancing product performance, while deeper integration with smart devices and voice assistants is improving overall user experience and functionality. The increasing prevalence of remote work and hybrid lifestyles is further accelerating demand for high-quality wireless audio products that support seamless communication and productivity. In parallel, the growing penetration of smartphones, fueled by trends such as binge-watching and mobile gaming, continues...

The global   distributed fiber optic sensor market   was estimated at USD 1,482.5 million in 2024 and is projected to grow to USD 2,809.4 million by 2030, representing a compound annual growth rate (CAGR) of 11.4% from 2025 to 2030. The expansion of awareness across industries and corporations is anticipated to drive this growth. Key Market Trends & Insights In 2024, North America led the global market with a revenue share of 30.7%. The U.S. market was the dominant contributor within the region. In terms of function, the temperature sensing segment held a 45.8% revenue share in 2024. By technology, the Raman Effect segment led with 35.1% of revenue in 2024. By vertical, the oil & gas segment accounted for the largest revenue share in 2024. Service providers are increasingly offering bespoke solutions encompassing fibre-optics installation, management and maintenance. The growing deployment of distributed fiber-optic systems in challenging geographies is further boostin...

The global   cryogenic equipment market   was valued at USD 25,012.9 million in 2024 and is projected to grow to USD 36,734.0 million by 2030, representing a compound annual growth rate (CAGR) of 6.7% over the 2025-2030 period. The market is principally driven by rising adoption in sectors such as metallurgy and automotive, where cryogenic technology enables enhanced performance through ultra-low temperature processes. Key Market Trends & Insights In 2024, the Asia Pacific region led the industry, accounting for a revenue share of 46.6%. On the product front, the tank segment dominated with a 32.8% share. Regarding cryogens, liquefied natural gas (LNG) equipment held the largest share at 31.7%. In terms of applications, the storage segment led with a 56.2% revenue share. Cryogenic equipment plays a critical role in metallurgical processing by facilitating operations such as hardening and tempering of metals at extremely low temperatures, thus enhancing durability and perfo...

The global   conveying equipment market   was valued at USD 54.88 billion in 2023 and is expected to grow to USD 71.57 billion by 2030, representing a compound annual growth rate (CAGR) of 3.9% between 2024 and 2030. Growing reliance on automated systems that reduce production time and boost efficiency is projected to positively influence the overall conveying equipment market. Key Market Trends & Insights In 2023, the Asia Pacific region accounted for 46.9% of global market revenue, with China alone accounting for over 35% of that region’s share. The belt‐type segment held the largest portion across types at 24.0% in 2023. On the application side, warehouse & distribution led the market for that year, and among products, the unit-handling segment was dominant. Conveying equipment plays a critical role in industries such as mining and coal, food & beverage, automotive, airports and ports by transporting goods continuously in industrial and commercial settings. In t...

The global   audiobooks market   was valued at USD 8.70 billion in 2024, and is projected to reach USD 35.47 billion by 2030, reflecting a compound annual growth rate (CAGR) of 26.2% between 2025 and 2030. The burgeoning adoption of smartphones and increased on-the-go listening accessibility are major contributors to this rapid growth. Key Market Trends & Insights and Market Size & Forecast In 2024, the North American region commanded the largest share of revenue, accounting for over 44% of the global market. The U.S. audiobooks market is expected to grow at a CAGR of 24% over the forecast period. Among genres, fiction dominated with more than 64% of the market share in 2024. Regarding device preferences, smartphones held the largest revenue share in 2024. For distribution channels, the one-time download model recorded the highest share in 2024. The forecast reaffirms the market size: USD 8.70 billion in 2024, rising to USD 35.47 billion by 2030 at a CAGR of 26.2% (202...

The global   pressure transmitter market   is experiencing steady growth, driven by the increasing demand for precise and reliable pressure measurement across various industrial applications. In 2023, the market was valued at USD 2,401.6 million and is projected to reach USD 3,132.1 million by 2030, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2030 Key Market Trends & Insights Regional Dynamics: Asia Pacific emerged as the largest revenue-generating region in 2023, attributed to rapid industrialization and the expansion of manufacturing sectors in countries like China and India. North America is anticipated to witness the fastest growth during the forecast period, driven by advancements in automation and the adoption of Industry 4.0 technologies Technological Advancements: The integration of smart technologies, such as wireless communication protocols and predictive maintenance capabilities, is enhancing the functionality of pressure transmitters. T...

  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...