Semiconductor News World

In recent years, light sensor manufacturers have launched a plethora of products to improve their portfolio and lure more customers. For example, in October 2019, ams AG introduced the TCS3408 color sensor, which can detect photometric flicker and measure the brightness and identify the color of ambient light. Other manufacturers engaging in such strategic measures include Panasonic Corporation, Maxim Integrated Products Inc., STMicroelectronics N.V., ROHM Co. Ltd., Everlight Electronics Co. Ltd., Vishay Intertechnology Inc., Broadcom Inc., Sharp Corporation, and Texas Instruments Incorporated. Globally, the Asia-Pacific (APAC) region accounted for the largest share in the light sensor market during the historical period (2014–2019) due to the expanding automotive sector, mounting demand for consumer electronics, and increasing population of the regional countries, such as India and China. The automobile industry of the region is primarily driven by the burgeoning sales of electric ve...

The global industrial refrigeration systems market revenue stood at $26.8 billion in 2019, and it is predicted to surge to $41.1 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 5.0% from 2020 to 2030 (forecast period). The market is being propelled by the growing utilization of refrigerators in the pharmaceutical and chemical industries and booming food processing and cold chain sectors across the world. Another major industrial refrigeration systems market growth driver is soaring sales of biologic products and biotech drugs all over the world. Many logistics solutions are extensively adopted for maintaining the temperature which is necessary for maintaining the quality of these products, as they are transported from manufacturers to hospitals, clinics, pharmacies, and patients. Hence, the growing consumption of these products in both developing and developed countries is propelling the advancemen...

The global transparent display market value stood at $524.7 million in 2018, and it is expected to surge to $4,933.6 million by 2024. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 46.2% from 2019 to 2024 (forecast period). The soaring requirement for transparent displays in the advertising sector and the burgeoning need for smart glass are the major factors fueling the expansion of the market across the world. The transparent display market is witnessing a massive rise in the requirement for transparent displays for various outdoor advertisement applications, as these displays improve the aesthetic appeal of advertisements. Businesses are rapidly adopting transparent displays for promoting their products via digital signage. The increasing transparent digital signage popularity can be credited to the booming out-of-home (OOH) advertisement industry, which is being driven by the emergence of advanced technology-ba...

  The global structured cabling market revenue stood at $6,912.1 million in 2021, and it is predicted to rise to $12,916.5 million by 2030. According to the estimates of the market research organization, P&S Intelligence, the market will exhibit a CAGR of 7.2% from 2021 to 2030 (forecast period). The major factors fueling the expansion of the market are the growing requirement for high bandwidths and demand for effective cabling management. Additionally, the advent of the internet of things (IoT) is also supporting the growth of the market across the globe. The surging penetration of the internet has caused a sharp rise in the need for high bandwidths, as high bandwidths enable the smooth operation of various business processes. Since cabling can provide high bandwidths, the growing demand for improved bandwidths is driving the expansion of the structured cabling market. Enterprises are rapidly modifying their information technology (IT) infrastructure, on account of the...

The United States Census Bureau states that the number of residents aged 65 years and more in the U.S. increased from 40.3 million in 2010 to 54.1 million in 2019. Additionally, the European Union (EU) estimates that over 20.6% of the EU population was aged 65 years and above in 2020. Further, the EU forecasts that the population of people aged 80 years or over will account for 14.6% of the EU population by 2100.  The World Bank further states that approximately 28.397% of the Japanese population were aged 65 years and more in 2020. The booming population of geriatric people in developed countries will, therefore, drive the personal robots market at a CAGR of 7.8% during the forecast period (2020–2030). The market was valued at $21.5 billion in 2019 and it is projected to generate $51.5 billion revenue by 2030.  The market growth can also be credited to the declining costs of personal robots and burgeoning demand for mobile robots. In recent years, the emergence of artificial...

The surging need for verification and identification in government organizations and burgeoning demand for consumer electronic devices will drive the fingerprint sensors market at a CAGR of 13.6% during the forecast period (2020–2030). The market generated revenue of $3.8 billion in 2019. In recent years, the growing adoption of in-display fingerprint sensors has become a prominent market trend. Furthermore, the increasing use of biometric cards in banks and financial institutions will create ample growth opportunities for the market players in the coming years. The mounting need for fingerprint sensors in the government sector is one of the most-important driving forces for the market. Government organizations, military headquarters, and courts across the world are rapidly installing advanced sensors on their premises to amplify their security levels. Additionally, the deployment of such instruments in government bodies helps in authenticating the identity and preventing the duplicat...

The surging adoption of mobile communication technologies, such as 5G and 4G, burgeoning demand for mobile devices, and rising adoption of the internet of things (IoT) technology will propel the radiofrequency (RF) transceiver market at a CAGR of 0.8% during the forecast period (2020–2030). The market was valued at $3,892.1 million in 2019 and it is projected to reach $3,384.5 million revenue by 2030, on account of the decline in the prices of RF transceivers. In recent years, the escalating demand for wideband transceivers has become a prominent market trend. One of the key growth drivers for the market is the escalating usage of mobile phones across the world. According to the International Telecommunication Union (ITU) World Telecommunication Database, in 2019, 7.98 billion people across the world were using mobile phones.  In recent years, these devices have rapidly penetrated the developing countries, such as India and China, due to their prospering economies, escalating dispo...

Etihad Rail, the developer and operator of the national railway network of the U.A.E., started the construction of tracks under Stage Two of the National Rail Network in 2021. This upcoming rail track of 605 kilometers will run from Ghuweifat to Fujairah. After its completion, the new network will connect the U.A.E. with Saudi Arabia through rail. Additionally, the U.A.E. government plans to strengthen its airline sector through the 'Abu Dhabi 2030 Plan'. Abu Dhabi is an ideal location for airports as it is within the reach of major world capitals of Asian, African, and European countries. Thus, the expanding railway and airline sectors are expected to propel the U.A.E. HVAC market at a CAGR of 5.2% during 2020–2030. The market was valued at $1,873.1 million in 2019 and it is projected to generate $2,774.7 million revenue by 2030.  Moreover, the mounting infrastructure investments in the residential, industrial, and commercial sectors will also accelerate the adoption of HVAC ...

A number of factors such as the soaring infrastructural investments, rising technological advancements in wireless sensor, mounting number of data centers, burgeoning demand for data transmission without data losses for longer distances, and surging number of smart cities and smart homes will act as a growth driver for the optical amplifier market. An optical amplifier refers to a device that directly amplifies an optical signal and generates an output signal with elevated optical power without converting it to an electrical signal. This device has completely transformed networking and communication systems. One of the key growth drivers of the market is the rapid advancements being made in the telecommunication sector. Optical networking or fiber optic has become a guided medium of choice in telecommunications. Optical amplifiers serve as a circuit enabling technology in optical communication networks. The adoption of optical amplifiers in this sector has enabled the transmission of h...

The mushrooming demand for industrial automation solutions is fueling the requirement for mobile collaborative robots. The surging complexities of manufacturing processes, high labor costs, and labor shortage and the growing requirement for higher productivity are pushing up the demand for industrial automation across the world. Additionally, many companies in developing countries such as India and China are increasingly using automation solutions for solving the issue of labor shortage and improving their productivity. According to the India Brand Equity Foundation (IBEF), automobile production in India grew at a CAGR of 2.36% during FY2016–2020. Moreover, the sales of automobiles surged at a CAGR of 1.29% during FY16–FY20 in the country. The increasing automobile production is fueling the expansion of the automotive industry, which is, in turn, driving the growth of the mobile collaborative robots market . According to the estimates of the market research company, P&S Intelligenc...

The soaring sales of vehicles, especially in India, South Korea, and China, will accelerate the temperature sensor market at a CAGR of 4.4% during 2020–2030. The market value stood at $6.9 billion in 2019, and it is projected to reach $11.1 billion in 2030. Moreover, the food and beverage industry is expected to adopt these sensors at the highest rate in the coming years. Food and beverage companies use these devices to monitor the temperature of food products and drinks during processing, quality checks, storage, and shipment. Temperature sensors are also used in food and beverage processing machines, as their temperature needs to be regularly monitored. As the food and beverage sector is flourishing in Asia-Pacific (APAC), on account of the rising popularity of the dining out culture, the usage of these sensors is amplifying at a rapid rate. Additionally, the petrochemical and oil & gas, consumer electronics, industrial, utilities, and pharmaceutical verticals are also using tem...