Electrical & Electronics Industry - Market Research Report

  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...

  The   India consumer electronics market   was valued at USD 73.73 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. India presents a significant global opportunity for short- to medium-term growth in consumer electronics expenditure. Low penetration rates compared to other emerging markets highlight strong potential for first-time buyers, as well as middle-class consumers seeking device replacements. The COVID-19 pandemic notably disrupted consumer electronics demand. Factory shutdowns and supply chain issues led to substantial shortages of components. Additionally, counterfeiting, shipping delays, evolving customer behaviors, and growing environmental concerns contributed to a slowdown in market growth. Many manufacturers experienced shipment delays of at least five weeks for essential components. Market growth in India is being driven by rising household demand, lifestyle changes, greater access to consumer c...

 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...

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...