Semiconductor News World

Photonics technology is largely used in the manufacturing of solar modules and solar cells or photovoltaic (PV) cells, which are needed for building a solar panel. In recent years, the production of solar cells and solar modules has increased exponentially, owing to the rising focus of governments and international organizations on increasing power generation through solar power plants.  According to the International Renewable Energy Agency (IRENA), the global installed capacity of solar PV plants surged from 583,872 megawatts (MW) in 2019 to 709,674 MW in 2020. Additionally, the increasing deployment of silicon photonics instruments in data centers to develop high-speed transmission systems will help the photonics market advance at a CAGR of 6.9% during 2020–2030. According to P&S Intelligence, the market was valued at $576.8 billion in 2019, and it will generate $1,214.5 billion revenue by 2030.  Data centers use silicon photonic instruments because they consume less p...

The burgeoning need for consumer electronics, such as laptops, wearable devices, and smartphones, is driving the demand for motion sensors. This is because motion sensors are heavily used in heart rate monitors, which are extensively used in smart wearable devices, and also to control the orientation of smartphone screens.  Owing to this factor, the soaring demand for smartphones and wearable devices among the youth, particularly the millennials, is positively impacting the demand for motion sensors . Additionally, with the rise in the worldwide population, the demand for consumer electronics is expected to shoot up, which will also fuel the expansion of the motion sensor market.  P&S Intelligence estimates that the value of the market will grow from $4,430.7 million in 2019 to $7,590.8 million by 2030. Furthermore, the market is expected to demonstrate a CAGR of 5.1% from 2020 to 2030. The growing use of the internet of things (IoT)-enabled devices is also expected to cre...

The global tunnel automation market reached a revenue of $3.5 billion in 2020, and it is predicted to exhibit huge expansion during 2021–2030 (forecast period). The major factors fueling the expansion of the market are the surging requirement for improved road safety and security solutions, owing to the rising incidence of road accidents, increasing incorporation of tunnel automation systems with various advanced technologies, such as the internet of things (IoT) and cloud storage, adoption of analytics in tunnel management, and surging number of tunnel construction projects across the world. With the rising prevalence of road accidents, road safety is becoming a major concern area for governments and organizations all over the world. According to the World Health Organization (WHO), road accidents claim the lives of around 1.3 million people every year. Furthermore, the organization reported that road accidents cost a large number of countries 3% of their gross domestic product (GDP) ...

The popularity of cryptocurrency can be traced back to the introduction of Bitcoin, which observed an unprecedented growth in 2017. Following the popularity of Bitcoin, several new cryptocurrencies, such as Monero, Ethereum, Dash, Litecoin, and Ripple, were launched, owing to which corporate users in the banking, financial services, and insurance (BFSI) and government sectors have started using cryptocurrencies for transactions.  As every transaction is validated through a decentralized system, it requires certain devices and technologies to protect cryptocurrencies. Therefore, the rising adoption of cryptocurrencies across sectors will facilitate the deployment of blockchain devices globally. Additionally, the increasing use of cryptocurrency as a mode of payment is expected to drive the blockchain devices market at a healthy CAGR of 48.7% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will surge from $0.3 billion in 2019 to $23.5 bi...

A number of factors such as the growing social acceptance of e-cigarettes, increasing availability of vaping devices, surging demand for alternatives to tobacco-based cigarettes, rapid technological advancements, and rising product innovations are projected to fuel the e-cigarette market at a CAGR of 9.2% during the forecast years (2020–2030). According to P&S Intelligence, the market revenue will escalate from $15.7 billion in 2019 to $39.0 billion by 2030. In recent years, the expanding flavor portfolio has become a major market trend. Geographically, the European region held the largest share in the e-cigarette market in 2019, wherein the U.K., the Netherlands, Germany, Spain, and Italy generated the maximum revenue. This can be primarily attributed to the rising popularity of the vape shop culture in the region. In the forecast years, the North American market will demonstrate rapid advancement, due to the declining popularity of tobacco cigarettes and the growing popularity o...

The global tunnel automation market reached a value of $3.5 billion in 2020, and it is expected to advance rapidly from 2021 to 2030 (forecast period). The major factors driving the expansion of the market are the enactment of stringent government regulations, surging requirement for improved road safety and security solutions, owing to the rising incidence of road accidents. The increasing adoption of tunnel automation systems equipped with advanced technologies, such as the internet of things (IoT) and cloud storage, and the soaring number of tunnel construction projects across the world are also major factors that are steering the growth of the market. According to the World Health Organization (WHO), around 1.3 million people lose their lives every year because of road accidents.  Furthermore, the organization reported that road accidents are primarily responsible for the deaths of children and young individuals aged 5–29 years. With road safety becoming a major area of concern...

In recent years, wireless charging technology providers, such as Samsung Electronics Co. Ltd., Integrated Device Technology Inc., Convenient Power HK Ltd., WiTricity Corporation, Powermat Technologies Ltd., Qualcomm Technologies Inc., NXP Semiconductors N.V., Texas Instruments Inc., and TDK Corporation, have focused on collaborations and product launches to expand their customer pool.  For instance, in January 2021, Xiaomi Corporation launched Mi Air Charge technology to allow users to remotely charge electronic devices without any wireless or cable charging stand. Globally, North America dominated the wireless charging market in the preceding years due to the existence of umpteen market players, such as WiTricity Corporation, Qualcomm Technologies Inc., Plugless Power LLC, and Energizer Holdings Inc., burgeoning demand for medical devices, and rapid surge in the sales of consumer electronic products.  At present, EV and medical device manufacturers of North America are heavi...

Factors such as the prospering construction industry and the surging focus of people and government on energy efficiency are expected to drive the U.S. heating, ventilation, and air conditioning (HVAC) services market at a CAGR of 3.1% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $25,625.8 million in 2019 and it is projected to generate $35,714.5 million revenue by 2030.  Additionally, the increasing construction activities and rising demand for replacing HVAC systems will also propel the market growth. One of the primary growth drivers for the market is the booming construction industry in the country. The expansion of the construction sector can be credited to the soaring population, rising number of government initiatives aimed at increasing the home ownership rate, and escalating urbanization rate in the country.  For instance, the World Bank estimates that the U.S. population surged from 328,329,953 in 2019 to 329,484...