Semiconductor News World

Due to the mushrooming use of wearable devices, increasing adoption of the internet of things (IoT) in medical instruments, and surging utilization of compact batteries in the healthcare sector, the global micro battery market is expected to demonstrate a CAGR of 18.4% from 2019 to 2024. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will surge from $418.2 million in 2018 to $1.1 billion by 2024. With the rising prevalence of chronic diseases, such as diabetes and cancer and the surging population of geriatric people, the incorporation of advanced technologies and solutions in the healthcare sector is rising sharply. For instance, as per the World Health Organization (WHO), 422 million people all over the world are diagnosed with diabetes every year. Furthermore, the organization found that the disease claims the lives of 1.6 million people across the world every year.  Besides the aforementioned factor, the growing use of...

The global 5G radio frequency (RF) transceiver market revenue stood at $112.0 million in 2019, and it is predicted to surge at a CAGR of 30.4% from 2020 to 2030 (forecast period). The market is being propelled by the soaring sales of these electronic instruments, on account of their burgeoning requirement in the telecommunications sector, growing use of smartphones, and booming popularity of the internet of things (IoT).  These instruments are heavily used for sending and receiving signals for 5G communication in base stations, mobile devices, embedded modules, and radar systems. The surging need for these instruments in the telecom sector is one of the major 5G RF transceiver market growth drivers. The launch of 5G services in China, South Korea, the U.K., and the U.S., is fueling the deployment of these instruments in base stations and telecom exchanges.  For example, in 50 Chinese cities, more than 86,000 base stations have been set up since the launch of the 5G network in ...

Presently, wireless technology providers, such as Integrated Device Technology Inc., Powermat Technologies Ltd., Samsung Electronics Co. Ltd., Convenient Power HK Limited, WiTricity Corporation, TDK Corporation, Texas Instruments Inc., and NXP Semiconductors N.V., are engaging in product launches and collaborations to offer their products to a greater number of customers.  For example, in December 2019, Integrated Device Technology Inc. and Qualcomm Inc. collaborated to use the integrated circuit of the former in consumer electronics based on WiPower technology of the latter. Geographically, the North American region will emerge as the largest user of wireless charging technology in the upcoming years due to the presence of a large number of companies providing this technology, such as Plugless Power LLC, Energizer Holdings Inc., WiTricity Corporation, and Qualcomm Technologies Inc., in the region.  Moreover, the increasing innovations being made by EV and medical device manuf...

The United Nations forecasts that the world population will grow from 7.7 billion in 2019 to 10.9 billion by 2099. In addition, Instituto Nacional de Estudios Demográficos estimates that India, China, the U.S., Indonesia, Brazil, Japan, the U.K., and France will be home to 1,639,176,000, 1,402,405,000, 379,419,000, 330,905,000, 228,980,000, 105,804,000, 74,082,000, and 67,587,000 people, respectively, by 2050.  The expanding population base will create an enormous requirement for farm products in the foreseeable future. Thus, the surging need to increase farm productivity will help the agricultural drones market demonstrate an exceptional CAGR of 25.0% between 2019 and 2024. According to P&S Intelligence, the market revenue stood at $1.5 billion in 2018 and it will reach $6.2 billion by 2024.  The farming community is increasingly using agricultural drones for crop spraying to monitor distant locations of farmlands on a real-time basis. Moreover, the usage of such unmanne...

The U.A.E. heating equipment market will advance at a CAGR of 2.9% during the forecast period (2020–2030) owing to the rising number of construction projects in the transportation sector of the country and expanding hospitality sector of Dubai. According to P&S Intelligence, the market was valued at $89.5 million in 2019, and it will generate $121.4 million revenue by 2030. In recent years, energy-efficient heating systems have become a major trend in the market as they help in reducing greenhouse gas (GHG) emissions. The heating equipment demand in the U.A.E. is driven by the growth of the hospitality sector in the country. The expansion of the hospitality industry can be attributed to the surging construction of hotels due to the rising tourist activities and ongoing Dubai Expo 2020. Dubai has already welcomed 3.23 million international tourists between January and August 2021. Thus, after the economic and tourist slump induced by the COVID-19 pandemic, heating equipment sales mi...

The global e-cigarette market revenue stood at $15.7 billion in 2019, and it is predicted to surge to $39.0 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 9.2% from 2020 to 2030 (forecast period). The North American region is predicted to hold a large number of shares in the e-cigarette market during the forecast period.  This will be because of the presence of a large customer pool in the region. Additionally, the ballooning utilization of these products by young individuals is also expected to propel their sales in the coming years. For instance, in 2019, there were nearly 14 million e-cigarette users in North America. Further, the declining popularity of tobacco smoking is also predicted to create immense growth opportunities for e-cigarette producers in the region in the forthcoming years.  Depending on product, the e-cigarette market is divided into vaporizer, cig-a-like, T-vapor, an...

For a long time, the best ways to remember something were to memorize it and then tell people about it verbally, paint a picture on cloth or rocks, and engrave stones with sharp tools. Regardless of how accurate people tried being, the end result was always far too removed from reality. Modern humans have the benefit of a camera, which captures a scene as it is and gives memories for life. Conventional cameras capture the images on a screen, colloquially known as a reel, which is then processed to develop the photos on paper. However, now, conventional cameras are disappearing, with their major usage being with antique collectors and hobbyists. Thus, P&S Intelligence expects the image sensor market size to witness massive growth in the years to come. This is because of the increasing popularity of digital cameras, in which the light coming through the lens and aperture is captured on a digital sensor, rather than on a photographic film. Therefore, any application involving electron...

Across the globe, the sales of EV charging cables were found to be the highest in the Asia-Pacific (APAC) region in the past. This was because of the expansion of the EV industry in regional countries, such as South Korea, China, and Japan. Furthermore, with South Korea and Japan becoming the epicenters of the EV industry, the region will be the fastest-growing region in the EV charging cables market in the upcoming years, as per the estimates of the market research company, P&S Intelligence. Moreover, the governments of these countries are providing financial and regulatory support to the buyers and manufacturers of EVs, which is, in turn, supporting the development of EV charging stations and fueling the demand for EV charging cables. In addition, the governments of several countries are launching multiple projects for augmenting the number of public charging stations, which is also predicted to facilitate the expansion of the EV charging cables market in the region in the years...