The global speech recognition market was valued at $6.39billion in 2018, and is projected to reach $29.28 billion by 2026, registering a CAGR of 19.9% from 2019 to 2026.Speech recognition technologyenables system to identify the sound of spoken words and convert them into machine readable form. Itis majorly used in various devices such as smartphones, cars, and computers. This technology uses ling...

Wireless connectivity is referred to networking technology that is used for connection between two nodes or devices without the use of cable, cords and wires. Wireless connectivity is a method that allows the consumers to avoid costly installation of cables within the premises for connectivity between devices and systems. The penetration of Wi-Fi in residential, commercial, and industrial sectors ...

Plastic solar cells use nanotechnology and contain the first solar cells which areable to harness the infrared rays. Increase in pollution and market assisting programs such as feed in tariffs & renewable certificates fuel the demand for solar energy with application in various domestic, industrial, and commercial applications.The agriculture & horticulture segment fuels the demand for solar colle...

The global spintronic logic devices market size was $2.14 billion in 2018, and is projected to reach $21.89 billion by 2026, registering a CAGR of 34.7% from 2019 to 2026. Spintronics refers to spin-based electronics used in many solid-state devices to study the intrinsic spin of electrons. Its major motive is to use the spin of the electrons rather than their charge, and to utilize the magnetic m...

The global motor condition monitoring market is expected to generate revenue worth $2,487.6 million in 2019, and is projected to reach $4,168.4 million by 2026, to register a CAGR of 7.3 % during the forecast period. Motor condition monitoring is the collection, sorting, and analyzation of streamed data from components such as sensors, detectors, and others on the device. The data analyzed in then...

The global torque sensor market size was valued at $8.39 billion in 2018 and is estimated to reach $16.82 billion by 2026, growing at CAGR of 7.7% from 2019 to 2026.A torque sensor is a device that measures and records the torque on a rotating system, such as an engine, crankshaft, gearbox, and others. There are two types of torque sensor namely, dynamic torque sensor and static torque sensor. Sta...

The global industrial cobot market size was $0.65 billion in 2018 and is estimated to reach $12.48 billion by 2026, growing at CAGR of 44.8% from 2019 to 2026.The collaborative robot are used to interact with humans in a shared workspace. The rise in adoption in the small and medium enterprises (SMEs) and investments in automation of manufacturing processes are the key factors driving the market g...

Patch cables are also known as patch cords as it has connectors on both ends that are used to connect an end device to a power source. Similar to Ethernet cables, there are fiber patch cable and Ethernet patch cable, such as LC fiber patch cable or Cat6 RJ45 patch cable. Patch cables are often used for short distances in offices and wiring closets. Ethernet patch cable can link a computer to a net...

The global AR/VR chip market was valued at $1.38 billion in 2018, and is projected to reach $7.76 billion by 2026, registering a CAGR of 23.3% from 2019 to 2026. The AR/VR chip market is projected to witness healthy growth, especially in the Asia-Pacific and European region. This growth is attributed to high adoption of mobile devices; growth in number of gamers in the region; and increased awaren...

The global magnetic sensor market size was valued at $2.21 billion in 2018, and is projected to reach $4.22 billion by 2026, registering a CAGR of 6.9% from 2019 to 2026. Magnetic sensor definition is a sensor, which is used to notice disturbances as well as changes within a magnetic field such as strength, direction, and flux. There are many manufacturing companies offering magnetic sensors that ...

The Europe and Middle East industrial & commercial LED lighting marketsize was valued at valued at $6.03 billion in 2018, and is projected to reach $21.96 billion by 2026, registering a CAGR of 17.2% from 2019 to 2026. A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. These devices are often used in lamps as a replacement of in...

The global industrial LED market size was valued at $5.57 billion in 2018, and is projected to reach $20.16billion by 2026, registering a CAGR of 16.8% from 2019 to 2026.An LED is a semiconductor device, the output of which ranges from blue violet (about 400 nanometer (nm)) to red (about 700 nm). Some LEDs are called infrared-emitting diodes (IREDs), emitting infrared (IR) energy, which is greater...

Smart window are the glasses with the incredible feature of absorbing Ultraviolet light, controlling heat, and getting their transmission properties changed from opaque to translucent to transparent under the influence of voltage, heat or light applied. The smart windows market is expected to witness notable growth in the coming years due to increase in demand for smart glass-based products in var...

The global SCARA robot market size was valued at $7.10 billion in 2018, and is projected to reach $14.78 billion by 2026, registering a CAGR of 9.8% from 2019 to 2026. SCARA robot are widely used in food and beverage industry for several purpose including food processing, quick picking and packing tasks such as tray loading, bottle handling, and others. In addition, SCARA robots are also used in t...

The global mobile phone accessories market size was valued at $224.69 billion in 2018, and is projected to reach at $284.06 billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026.Mobile phone plays an important role in the modern day to day life. Today, phones allow its users to access internet, take pictures, and listen to music, as well as feature as storage devices.The global mobile phone...

Electric actuators are used for all aspect of remote manual control and some automatic control loops in conjunction with electronic control equipment. The electric actuator comprises three units such as motor unit, drive unit, and gear unit. Motor unit is used for operating small valves, whereas gear unit has contained gear ratios that resolute in conjunction with the motor size and drive unit. A...

The RFID reader is a device used to gather information from an RFID tag, which is used to track an individual object. The radio-frequency waves are used to transfer data from the RFID tag to the reader. Most of the RFIDs are generally used to store information, which is used when interpreted through user. RFID is a technology similar to bar codes. However, the RFID tag does not have to be scanned ...

The electronics that is manufactured to be worn on a consumer’s body with intelligent operation performing capabilities is termed as wearable AI. Wearable AI consists of intelligent devices such as smart watches, smart earwears, smart eyewear, smart gloves and others. The wearable AI finds application in consumer electronics, healthcare, automotive, military & defense, media & entertainment, and...

The smart sensor market holds a substantial scope for growth in the global market. Currently, it is in its growing stage, however, its contribution to the global market is expected to witness significant growth within the next six years. High cost associated with this technology is a major limitation for market growth. However, recent innovations, which embed high efficiency and innovative feature...

Infrared cameras can capture images through harsh environments such as fog, smoke, haze, and water vapors. This has resulted in the usage of these cameras for security and surveillance applications. Cooled IR cameras are equipped with greater magnificent capabilities than uncooled cameras as it can sense shorter infrared wavelengths very quickly. In addition, cooled cameras have greater sensitivit...

The global power discrete and modules market size was valued at $20.75billion in 2018, and is projected to reach $35.92 billion by 2026, growing at a CAGR of 6.40% from 2019 to 2026. While power discrete are single semiconductor devices such as diodes or transistors used to regulate voltages with lower power consumption and reduced heat generation, power modules are power controlling circuit eleme...

The global automotive electronics market generated revenue worth $228.34 billion in 2019, and is projected to reach $382.16 billion by 2026, to register a CAGR of 7.50% during the forecast period. Automotive electronics industry deals with equipping vehicles with digital and automatic controls. The features such as power windows, changing ride modes, lighting, safety features, driver assistance, a...

Acoustic camera is used to detect, locate, identify, and categorize the sound source. It collects signals simultaneously and process it to represent the location of the sound source. Acoustic camera consists of a microphone array from which signals are collected and processed simultaneously to form an image of the location of the sound source. These cameras are being increasingly utilized to comba...

Infrared cameras can capture images through harsh environments such as fog, smoke, haze, and water vapors. This has resulted in the usage of these cameras for security and surveillance end uses. Infrared cameras are equipped with greater magnificent capabilities than uncooled cameras as it can sense shorter infrared wavelengths very quickly. In addition, cooled cameras have greater sensitivity cha...

The global hearables market size was valued at $21.20 billion in 2018, and is projected to reach $93.90 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026. Hearables is an electronic device that is designed for multiple purposes that range from wireless transmission to communication purposes, fitness tracking, and medical monitoring. Hearables are featured with biometric, proximity, mov...

The global digital signage market size was valued at $17.23 billion in 2018, and is projected to reach $32.12 billion 2026, growing at a CAGR of 8.1% from 2019 to 2026. Digital signage is a class of large display screen formats that improve the visual experience with its professional-grade image quality and are mostly used for endorsing and advertising. These displays have replaced the traditional...

The global pin and sleeve devices market size was valued at $68.1 billion in 2018, and is projected to reach $160.11 billion by 2026, registering a CAGR of 11.1% from 2019 to 2026. Pin and sleeve devices are high-current power sources that help insulate power from chemicals, dirt, moisture, and grime. These devices are made up of high-quality components such as RFI filters, battery holders, LED li...

The global radio access network market size was valued at $17.7 billion in 2018, and is projected to reach $44.7 billion by 2026, growing at a CAGR of 11.3% from 2019 to 2026. The radio access network (RAN) uses radio signals to connect a subscriber’s cellular device to the core wireline network. RAN has been in use since the introduction of cellular technology and since then has been evolving w...

The power electronics for electric vehicle market size was valued at $2.59 billion in 2018, and is projected to reach $30.01 billion by 2026, growing at a CAGR of 35.5% from 2019 to 2026. Power electronic is the key technology for energy saving and high functionalizing in energy usage. Power electronic plays an important role in the electrified vehicle applications, which provides compact and high...

The global smart thermostat market is expected to generate revenue worth $1.36 billion in 2019, and is projected to reach $8.78 billion by 2026, to register a CAGR of 26.0% during the forecast period. Smart thermostat is the new kit of advanced technology that connects heating systems to the internet. This provides users the access to switch heating systems through the internet connected devices. ...