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Showing posts from December, 2021

Gas Sensors Market - Forecast(2021 - 2026)

The market for Gas Sensor is forecast to reach $1.2 billion by 2026, growing at a CAGR of 5.5% from 2021 to 2026. The Gas Sensor Market is estimated to witness a sustainable growth over the forecast period majorly because Gas Sensor plays a major role in giving security, safety and various applications in Industries and other workplaces. Gas Sensor have their own respective features and provides various utilities. Gas sensors generally provide a measurement of the concentration of various gases such as CO, CO2, NOx, SO2 and Others by different sensors such as Combustible Gas Sensors, Infrared Point Sensors, Electrochemical Gas Sensors, Metal Oxide Semiconductor, Photo Ionization Detection, Paramagnetic and and Others. Gas sensors are commonly included as part of a health and safety system within the workplace, with portable instruments designed for protecting all workplaces when working in potentially hazardous areas. These vast features at various End-Use industries such as water tre...

Fingerprint Sensor Market - Forecast(2021 - 2026)

The rising need of multi-factor authentication method across consumer electronics, banking and financial sectors is set to grow the fingerprint sensor that was already valued to be $4.68 billion in 2018 and is expected to grow at a CAGR of 14% during forecast period 2019-2025. Factors such as the proliferation of fingerprint sensors in smartphones and other consumer electronics, government support for the adoption of fingerprint sensors in BFSI industry, and the use of biometrics in mobile commerce are driving the growth of the market. The adoption of fingerprint protection by smartphones to secure stored data and the essential bank options such as OTP and mobile banking applications are expected to fuel the fingerprint sensor market . According to the statics provided by TrendForce, growth in the share of smartphone shipments incorporated with fingerprint sensor increased from 29% in 2015 to 60% in 2018, which is likely to augment the fingerprint sensor market further during the forec...

Fibre Optic Sensors Market - Forecast(2021 - 2026)

Fibre optic sensors abbreviated as FOS was designed with the aim of measuring the status and performance of the optical fibre networks. Fibre optic sensors are quite resistant to electromagnetic interference, and being a poor conductor of electricity they can be used in places where there is flammable material such as jet fuel or high voltage electricity. Hence, fibre optic sensors are used in wide range of applications. However, improvements such as sensor robustness need to be carried out in these sensors, to realize the full potential in fibre optic sensors market . Globally, rising needs of telecommunication industry and growing investments in civil structures, & smart manufacturing are the prime growth drivers of fibre optic sensors. However, price fluctuation in oil industry, strict environmental regulations, and higher installation cost are key restraints for fibre optic sensors market This report identifies the global fibre optic sensors market size in for the year 2014-201...

Embedded System Market - Forecast(2021 - 2026)

 An embedded system is a combination of software and hardware which are designed typically for meeting real time constraints. Embedded system is a combination of software and hardware having significant characteristics such as speed, power, size, accuracy, reliability and adaptability. Globally, rising sales of consumer electronics, and increasing demand for automation in processing and manufacturing industries are the prime growth drivers of embedded system market . In addition, higher usage of embedded system in automobiles along with growth in automotive industry will generate new opportunities for the embedded system market. However, providing advanced features at a low cost, is the key restraints for embedded system market. This report identifies the global embedded system market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, ...

Smart Textile Market - Forecast(2021 - 2026)

Smart textiles are fabrics embedded with innovative technologies, which offer additional functionalities to the person wearing it. These textiles monitor every movement of the wearer, provide vital information such as location, body temperature, blood pressure, heart rate; and react to environmental stimuli. Technological advancements, miniaturization of electronic components, increasing development of wireless devices, a wide range of applications across various end user industries, and cost-efficient sensors, are fuelling the growth of the smart textile market . The smart textile market had a global size of $24.37 billion in 2018, and is expected to grow at a CAGR of 4.32% during the forecast period. North America held the highest share in the global smart textile market with almost 44.3% of total demand in 2018. Owing to the high economic status and standards of living among the people, the demand for innovative clothing trends, high-tech wearables, and high quality fabrics is incre...

Smart Irrigation Market - Forecast(2021 - 2026)

According to the World Bank, irrigational land covers 275 million hectares in the world, which equals 20% of the total agricultural land with 40% contributing share to global food production. IndustryARC’s analyst states, “emerging water crisis and erratic rainfall pattern offers a major hindrance to the conventional agricultural practices, relatively pushing forth the modern irrigation techniques application for cultivation around the globe.” Furthermore, irrigation methods have incorporated advanced technologies to offer weather-based and soil moisture-based water management techniques, thereby claiming huge market benefit in recent years. Resultantly, the global smart irrigation market acquired revenue of $861.23 billion as of 2018. Limitation of freshwater resources in urban and arid regions and growth in greenhouse projects implicates huge dependency on effective irrigation techniques which is promoted with sensors induced dripping and spraying systems thereby conserving water. S...

Smart Home Appliances Market - Forecast(2021 - 2026)

 According to the Organization for Economic Co-operation and Development (OECD), the electricity consumption in 2016 was measured to be 10,533,117 GW-H, and global electricity production is increasing year on year since 1974.[1] Evidently, the world is in dire need for reducing the electricity consumption in order to minimize the usage of fuels and also allows to monitor the energy usage by each and every appliance used in the household. While governments are taking initiatives pertaining to the application of renewable resources, the implementation of smart home appliances is proving to be a blessing in terms of energy conservation. The fact that these appliances save a significant amount of energy is leading to an expansion in the smart home appliances market size which had a value of $32.68 billion as of 2018. Furthermore, the augmenting application of smart home appliances in smart houses worldwide is estimated to observe a substantial compound annual growth rate (CAGR) of 15....

Smart Greenhouse Market - Forecast(2021 - 2026)

Cultivation of crops under monitored and controlled environment is done in what is called a greenhouse. However, managing to do so without human intervention is what a smart greenhouse is capable of. Automation is making its way into practically everything around us and agriculture is not far behind. Smart greenhouses are increasingly being adopted to have more efficient cultivation methods in place. The growing global population is driving the need for such systems and is the reason why the smart greenhouse market will experience a robust growth rate during the forecast period considered in this report. A substantial amount of research and development is being conducted and funded by governments and universities across the globe to further the use of smart greenhouses. The need for a high initial investment is one of the main inhibitors for the growth of the smart greenhouse market. Coupled with this is the fact that there is considerable amount of lack of awareness, especially in th...

Smart Battery Market - Forecast(2021 - 2026)

 Smart batteries just like most smart devices, are equipped with the ability to transmit data and communicate with other devices. The data that a smart battery is capable of transmitting includes information about the level of charge stored in the battery. In this world that is more or less run by wireless electronic devices, there is a need for long lasting batteries. This is another advantage of smart batteries as they are capable of having an efficient power management system owing to the parameters that they are capable of monitoring. This helps not only increasing the duration of holding the charge but also extends the lifetime of the battery. With battery life being a key differentiator while buying portable devices, smart batteries have the the potential to win hands down when compared to regular batteries. There are several applications that are augmenting the growth of the smart battery market . With the growing awareness of the need to go green, the demand for battery ope...

Smart Antenna Market - Forecast(2021 - 2026)

Smart antenna technology is revolutionizing today’s wireless systems and is impacting the use of spectrum, the cost of network setup, service quality and so much more. Smart Antenna systems have the ability to improve the link quality by overcoming the effect of multi-path propagation. They can also reduce the interference and increase the capacity while enabling the transmission of a variety of data streams from dissimilar antennas. Spectral efficiency, higher capacity, extended range and coverage are just some of the benefits that smart antenna systems have to offer. However, factors such as the price of a smart antenna and standardization issues are likely to inhibit the growth of this market for a few years. Technological advances resulting from research work across the globe is expected to address the cost issues impacting the market. Smart Antenna Market While the adaptive array antenna has and will account for the larger share of the overall market, the switched multibeam antenn...

Smart Agriculture Market - Forecast(2021 - 2026)

Smart Agriculture Market is valued $1380.5 million in the year 2017 and is anticipated to grow with a CAGR of 4.4% from the year 2018 to 2023. The smart agriculture market is segmented based on the components in which sensors is having the highest market share, followed by transceivers which are valued $308.3 and $211.7 million in the year 2017 and is expected to grow with a CAGR of 5.5% and 5.2% during 2018 to 2023.  What is Smart Agriculture Market? Smart agriculture is the process of performing agricultural activities using advanced technologies. This smart agriculture is an innovative way of carrying out agricultural activities by reducing human efforts and by making maximum utilization of the resources which are available. Smart agriculture includes agricultural activities with the adoption of Internet of Things (IoT), sensors in order to increase the productivity of the farm.  Request Sample What are the major applications for Smart Agriculture Market? The major applica...