The global motion sensor market is anticipated to grow at a CAGR 7.0% during the forecast period. The market growth is attributed to increasing demand from the robotics industry and the application of industrial automation. Moreover, motion control sensors are implemented in security devices to detect intruders in homes and other places and send an […]
Category Archives: Business
The Network as a Service market is expected to grow at a CAGR of more than 16% during the forecast period. Network as a Service is a model for virtual network services on the internet. The market growth is driven by the emergence of cloud computing, software design networking, improving demand for global connectivity, network […]
The global Power Over Ethernet (POE) solution market is significantly growing at a CAGR of more than 10.0% during the forecast period. The power over Ethernet solution market is anticipated to rise as technology enables the centralization of power in one location and offers high-speed connectivity to support the increasing number of wireless devices in […]
The global router and switch market is anticipated to grow at a CAGR of more than 4% during the forecast period. Routers and switches are the basic elements of any network communication technology. Rising awareness regarding IP TV, multiservice networking and ethernet technologies, is expected to offer impetus to the demand for routers and switches […]
The global printed and chipless RFID market is estimated to grow at a significant CAGR of 27.5% during the forecast period. The major factor that is contributing to the growth of the market including the growing demand for various industry such as retail, transportation and others. RFID enables wireless data collection by readers from electronic […]
The global magnetic sensors market is estimated to grow at a CAGR of over 6% during the forecast period. The magnetic position sensor responds to the presence and interruption of the magnetic field by producing a proportional unit. These are utilized in various applications such as consumer appliances, HVAC, instrumentation, and motion, position control. Magnetic […]
The global circuit breaker and fuses market is estimated to grow at a CAGR of nearly 6.0% during the forecast period. The major factors contributing to the growth of the market include the rising demand for renewable energy sources and the growing construction industry. As per the International Renewable Energy Agency (IRENA), the global solar […]
The global market for microdisplay is projected to have considerable CAGR of around 30.5% during the forecast period. The major factors that propels the microdisplay market include the properties such as compact size, technological development in microdisplay growing demand of OLED microdisplay, growing application of microdisplay in advanced driver-assistance systems (ADAS) and others. Microdisplays are […]
The global electric enclosure market is estimated to grow at a CAGR of 4.8% during the forecast period. Some pivotal factors encouraging market growth include the rising industrialization across the globe and increasing adoption in the renewable energy sector. With the decline in costs associated with renewable energy, the alternative energy industry is witnessing rapid […]
Automotive relay market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2023-2030). The growing automotive industry is a key factor driving the demand for the global automotive relay market. An automotive relay is a type of electrical switch that works as a control device within a vehicle. It manages […]