Global Market Insights
Global Market Insights Articles
Haptic technology market: a $10bn revenue opportunity
According to a recent study from market research firm Global Market Insights, the haptic technology market is set to grow from its current market value of more than $7bn to over $10bn by 2026, gaining traction over the 2020 to 2026 period.
Current sensor market worth over $3.5bn by 2026
According to a recent study from Global Market Insights, the global current sensor market is projected to observe momentous growth over the coming years due to the ongoing rise in factory automation trend and the use of industrial robots, with the current sensor market projected to be worth over $3.5bn by 2026.
Vibration monitoring market to exceed $2bn by 2026
A new study by Global Market Insights has predicted the vibration monitoring market size will exceed $2bn by 2026; growing demand for accuracy and precision in product manufacturing across industries.
Automotive regenerative braking market to pass $6bn by 2026
According to a research report by Global Market Insights, the global automotive regenerative braking market is slated to surpass a valuation of $6bn by 2026 owing to increasing customer inclination towards efficient and sustainable electric vehicles. Regenerative braking systems usually recovers wasted energy generated from brake friction and transfers that power to the motor, which is later used to power the vehicle.
Infrared LED market to reach $1bn by 2026
The infrared LED market is set to grow from its current market value of more than $500m to over $1bn by 2026 - as reported in the latest study by Global Market Insights.
Semiconductor memory: a smart choice for smartphones
With epic strides undertaken in the domain of consumer electronics, the semiconductor memory market is touted to acclaim global recognition for the product’s extensive data management property. The demand for advanced memory, of late, has covered an all new domain beyond the realm of conventional personal computers.
Wireless mesh network market to reach US$8bn by 2026
According to a recent study from market research firm Global Market Insights, the wireless mesh network market is set to grow from its current market value of more than $2bn to over $8bn by 2026, gaining remarkable traction over the 2020 to 2026 period.
Rising prominence of multi-function automotive switches
An evolving mobility sector has created an unparallelled opportunity for automotive conglomerates as automotive switches gain prominence in controlling the overall functioning and lighting of vehicles. Easy operation, efficiency and reliability have made automotive switch panel highly sought-after among leading players.
Automotive coatings to witness substantial consumption
A notable rise in disposable incomes and technological developments has had a positive influence over automotive coatings market over the years. Automobile coatings are a key focus for the manufacturers as they offer optimal levels of durability, protection from the environment and a wide variety of choices in appearance that essentially helps cars look attractive.
Infrared camera market to cross 3.5 million units
According to the latest report, by Global Market Insights, the market valuation of infrared cameras will cross $10 billion by 2026. Growing demand for autonomous vehicles, declining prices of IR cameras, rise in military spending in developing countries, and increasing need for surveillance across various end-user sectors are proliferating the market growth.
Automotive lighting systems gearing towards vehicular safety
Early automotive lighting solutions and vehicular systems were much simpler than the ones available at present. Cars had fewer switches, directional lights switched on focused on the desired spot and should the bulbs fail, horns from passing vehicles would alert the drivers that they were about to be blindsided. However, earlier car lighting systems were significantly less reliable than the new automotive lighting solutions of the present, which ...
Demand for EVs will influence power electronics
Increase in carbon emission levels is driving the adoption of sustainable sources of energy such as solar, wind and geothermal over conventional forms. In 2017, emissions from electricity accounted for 28% of the total GHG emissions in the US. Efforts to implement sustainable power generation systems will bring in remarkable opportunities for power electronics industry players.
Smart sensor market value to surpass $80bn by 2024
According to latest report 'Smart Sensor Market by Application (Commercial/Industrial, Residential/Smart Homes, Consumer Electronics, Automotive, Oil & Gas, Aerospace & Defense), Product (Temperature & Humidity, Pressure, Motion, Position, Flow, Image, Touch), Technology (MEMS, CMOS), Network (Wireless, Wired), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2024' by Global Market Insights, the market...
Optical sensor potential in advanced driver-assisted systems
One of the key objectives of the automation space is the ability to sense the surrounding environment. The ability to view, among the various types of senses is paramount, including the capture and analysis of images and the subsequent calculation in the distances of objects, shape and motion recognition, and more.
Solar technology contracts activity rises 14% in 2019
North America solar technology contracts in Q2 2019 saw 84 contracts announced, marking a rise of 14% over the last four-quarter average of 74, according to GlobalData’s power industry contracts database.
Wearable AI market to cross $180bn frontier by 2025
The Wearable AI Market is set to grow from its current market value of more than $35bn to over $180bn by 2025; as reported in the latest study by Global Market Insights. The explosive growth of smartwatches has been the primary factor propelling the wearable AI market. Continuous improvements in the design and functionality along with its availability at lower price increased its adoption among consumers.
Magnetic sensor market size surging forwards
The Magnetic Sensor Market size is set to grow from its current market value of more than $2bn to over $3.5bn by 2025; as reported in the latest study by Global Market Insights. The semiconductor industry has been witnessing extensive technological advancements with the growing demand for more capable sensors with higher sensitivity, durability, and accuracy.
What’s trending in the EV charging infrastructure market?
The EV Charging Infrastructure Market is estimated to grow at CAGR above 41.1% over the forecast time frame 2019 to 2025 and reach the market value around $46 billion by 2025. Germany market will grow owing to introduction of strict norms pertaining GHG emissions and their impact on human & environment health. Rising fuel prices followed by growing EV adoption is anticipated to stimulate the business scenario.
GaN and SiC power semiconductor market to reach $3bn by 2025
The GaN and SiC Power Semiconductor Market is set to grow from its current market value of more than $400m to over $3bn by 2025; as reported in the latest study by Global Market Insights. The expanding prominence of EVs can be aptly credited for the proliferation of GaN and SiC power semiconductor market trends. Even though automakers are introducing EVs, their short driving range has dented their growth prospects, commanding the requir...
Global surgical robot market to hit $24bn
With technological advancements set to revolutionise healthcare in the coming years, the surgical robots market is anticipated to capture a significant share of the changing medical industry. Of late, precision robots have been able to make minimally invasive surgeries a reality and are being increasingly used in a wide range of surgeries.