Electrical & Electronics Industry - Market Research Report

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...