The Traffic Sensor Market is estimated to be valued at USD 566 million in 2021 and reach USD 809 million by 2026, at a CAGR of 7.4% between 2021 and 2026. The growing need for real-time information system, and government initiative to upgrade transport infrastructure are the key factors driving the growth of the market. Likewise, Growth in cycling infrastructure leading to higher...

At a CAGR of 46.0%, the Head Mounted Display Market is anticipated to increase from USD 5.5 billion in 2021 to USD 36.5 billion by 2026. The market's expansion can be attributed to a number of factors, including an increase in major companies' investments in the creation of HMDs, a rise in the use of AR and VR technologies as a result of COVID-19, the availability of affordable HMDs,...

The Flow Battery Market Size is estimated to be USD 214.3 million in 2021 and projected to reach USD 489.6 million by 2026, at a CAGR of 18.0%. The increase in telecommunication tower installation and rising adoption of flow batteries in utility application is driving the growth of the flow battery market. Integration of artificial intelligence in flow batteries In order to accelerate...

The Radiation Hardened Electronics Market is expected to grow from USD 1.5 billion in 2022 to USD 1.8 billion by 2027; it is expected to grow at a CAGR of 4.0% from 2022 to 2027. The market has a promising growth potential due to several driving factors including, growing demand for radiation-hardened electronics in commercial satellites; proliferation of intelligence, surveillance,...

The Laser Processing Market Size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for...

Increasing Demand for Consumer Electronics Silicon anode batteries are suited for consumer electronics, healthcare, and industrial applications because of their high energy capacity and compact design. Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea are driving the need for consumer electronics. Smartphones,...

The Smart Manufacturing Market was valued at USD 97.6 billion in 2022 and is projected to reach USD 228.3 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027. The major drivers of the Smart Manufacturing Market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in...

Thanks to the advancing technology and rise in number of connected devices, smart cities and smart homes have also been witnessing a high demand. This increased popularity of smart homes coupled with the huge penetration of smartphones and connected devices has led to the phenomenal development of smart locks. As the technology is advancing day-by-day, concerns regarding safety and security...

The Mobile Augmented Reality Market is projected to grow from USD 7.6 billion in 2020 to USD 29.5 billion by 2025; it is expected to grow at a CAGR of 31.1% from 2020 to 2025. Augmented reality is revolutionizing the way we see things, with one of the recent examples being the Pokemon GO game, which is a location-based augmented reality mobile game, and it is spreading like wildfire...

The Mobile Video Surveillance Market is projected to grow from USD 2.4 billion in 2022 to USD 3.6 billion by 2027; it is expected to grow at a CAGR of 8.7% during the forecast period. A number of factors, including increased camera resolution, increasing AI capabilities, and remote monitoring, are making it easier for mobile surveillance integrators to meet the demand from end users...