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Global Semiconductor & Electronics Industry to Attain Remarkable Growth In the Coming Years: Grand View Research, Inc.

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SAN FRANCISCO, Aug. 6, 2024 /PRNewswire/ — The global semiconductor & electronics industry is anticipated to grow lucratively in the coming years, as per the forecast by Grand View Research. Some of the prominent factors fueling the growth of the global semiconductor & electronics industry are the proliferation of Internet of Things (IoT) devices and sensors, the rollout of 5G networks boosting demand for semiconductors, increasing consumption of consumer electronics (such as smartphones, tablets, wearable devices), rising adoption of industrial automation and intelligent systems, and growing use of electrical vehicles & autonomous driving technologies creating a surge in demand for automotive semiconductors.

Following is a list of the markets that are anticipated to propel the growth for the semiconductor & electronics industry:

The global architectural lighting market size was estimated at USD 8.94 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030. The market growth can be attributed to the increasing prominence of architectural lighting across independent bungalows, condos, community houses, skyscrapers, residential buildings, malls, office space, hotels, public offices, and industrial lofts, among others. Furthermore, architectural lighting is highly compatible with sensors that help manage lighting usage and save energy and money.

The automotive LiDAR market size was valued at USD 447.0 million in 2022 globally and is projected to expand at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030 owing to rising demand for advanced driver assistance systems (ADAS) and autonomous vehicles, increasing emphasis on safety regulations and the need to reduce road accidents. Furthermore, the rising adoption of safety systems in autonomous and semi-autonomous cars at various levels of automation is expected to draw huge investment from key participants, thus driving regional industry demand during the forecast period.

The worldwide consumer electronics market size was worth USD 1,068.22 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030. Smartphone proliferation is expected to fuel the global market for consumer electronics. Technological advancements, the emergence of 4G and 5G technologies, and innovation are expected to drive demand for the market for consumer electronic.

The global digital signage market size was estimated at USD 26.76 billion in 2023 and is anticipated to register a compound annual growth rate (CAGR) of 8.1% from 2024 to 2030. This market growth is accredited to the increasing demand for the digitized promotion of products and services to attract the attention of the target audience in an effective manner. Furthermore, the demand for 4K digitized sign displays (digital signage displays) with embedded software and media player is rising as it offers customers an affordable Ultra HD digital signage solution, which is also expected to drive the demand. 

The fiber optics market size was valued at USD 8.76 billion in 2022 globally and is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. Fiber optics technology is a modern-day innovation that has evolved owing to rigorous studies conducted by researchers and scientists worldwide through extensive R&D. Significant adoption of fiber optic cables under the sea contributed towards growth of market due to increased utilization of deployed fiber, improved network capacity, and enhancement in spectral efficiency.

The worldwide field programmable gate array (FPGA) market size was worth USD 10.46 billion in 2022 and is anticipated to register a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030. The growing trend for the adoption of field programmable gate array in areas of deep packet inspection, network processing, and security is anticipated to drive their demand over the forecast period. The preference for FPGA architecture is on the rise due to its capabilities, such as low power consumption and high compute density. 

The global flexible electronics market size was valued at USD 24.94 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030. A noticeable increase in the adoption of laptops and smartphone products by consumers and the wide applicability of flexible electronics such as flexible batteries and displays in the consumer electronic industry is a major factor expected to drive the global flexible electronic market growth.

The gallium nitride semiconductor devices market size was estimated at USD 2.56 billion in 2023 globally and is expected to expand at a CAGR of 26.4% from 2024 to 2030. The growth of the market can be attributed to the ability of gallium semiconductors to provide high-speed performance as well as contribute to lower carbon emissions, which position them as effective devices in the field of electronics.

Global gas sensor market size was worth USD 2.90 billion in 2023 and is anticipated to register a compound annual growth rate (CAGR) of 9.5% from 2023 to 2030. The major factor driving the market is the development of miniaturization and wireless capabilities, coupled with the improvement in the communication technologies that enable their integration into various devices and machines to detect toxic gases at a safe distance. In addition, the rising demand to control harmful emissions from critical industries also bodes well for the growth of the market.

The worldwide interactive display market size was valued at USD 41.45 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The market is expected to witness significant growth in the coming years, primarily owing to increasing demand for digital classrooms as well as growing adoption of these displays, such as video walls and tables. These video walls and tables are used at transit spaces/public transportation, such as railway stations and airports.

The global interactive kiosk market size was valued at USD 28.45 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. Due to the high development in payment and security technologies, the market has witnessed rapid growth over the past few years. Many of the self-service kiosk manufacturers will continue to extract these technologies’ maximum potential and are expected to include them as an indispensable component of their product offering.

The laptop market size was valued at USD 194.25 billion in 2022 globally and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. The market is continuously expanding owing to rising disposable incomes, growing internet connectivity, and the increasing inclination of consumers toward advanced laptops with respect to system performance and design.

The global LiDAR market size was valued at USD 1.81 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency.

The worldwide microwave devices market size was valued at USD 7.49 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The growing usage of SiC and GaN devices in the upcoming amplifier technology is expected to drive industry growth. Microwave devices offer high efficiency and heat tolerance. They are also able to perform well in harsh environments. 

The millimeter wave technology market size was valued at USD 3.75 billion in 2023 globally and is anticipated to register a compound annual growth rate (CAGR) of 39.7% from 2024 to 2030. The mmWave technology has gained popularity owing to its potential for high data rates, low latency, and capacity to support a massive number of devices simultaneously. Rising demand for bandwidth-intensive applications, use of mmWave in 5G communications, and demand for high speed for the Internet of Things (IoT) are contributing to the market’s growth.

The global outdoor LED display market size was valued at USD 7236.9 million in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 15.9% from 2023 to 2030. The increasing demand for digital advertising and the rising popularity of large-scale events drive market growth. The expansion of exhibitions and sports events, ceremonies, seminars, and other similar events are the key factors for the market growth for outdoor displays.

The pressure sensor market size was valued at USD 18.73 billion in 2022 globally and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. The market’s growth can be attributed to the rising demand for pressure sensors from various industry verticals, such as automotive and healthcare, and in various applications, such as consumer electronics, portable healthcare wearables, alarm systems, medical breathing appliances, water purifiers, refrigeration systems, and off-road constructions among others.

The global printed electronics market size was valued at USD 8.66 billion in 2021 and is anticipated to register a compound annual growth rate (CAGR) of 22.3% over the forecast period as printed electronic products are gaining rapid traction. The estimated escalation of the technology is attributed to its ability to be incorporated in a variety of dynamic application areas, such as the Internet of Things (IoT) and consumer electronics. The increasing penetration of IoT is providing several growth opportunities, widening the scope of printed electronics applications across the sector.

The worldwide silicon photonics market  size was worth USD 1.29 billion in 2022 and is anticipated to expand at a CAGR of 25.8% from 2023 to 2030. Silicon photonics is an emerging technology experiencing growing demand due to the need for higher data transfer rates and bandwidth-intensive applications. It has found significant traction in data centers and telecommunications, where it offers high-speed data transmission, reduced power consumption, and integration with existing silicon-based electronic systems.

The smart lighting market size was valued at USD 15.05 billion in 2022 globally and is expected to grow at a compound annual growth rate (CAGR) of 22.1% from 2023 to 2030. The ability of lights to connect with IoT devices and create a variety of ambient lighting using just smartphones or tablets has increased its popularity and demand across commercial and residential spaces. A wide range of features apart from illumination coupled with the growing adoption of IoT devices and smart assistant platforms have created market growth avenues for smart lighting.

The global smart ticketing market size was valued at USD 10.14 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030. The primary factor leading to the growth in adopting smart ticketing solutions is the increasing incorporation of emerging technologies. In addition, the availability of multi-modal disbursement channels through online ticketing systems, smartphones, E-kiosks, and smart ticketing machines is supplementing effective crowd management and making smart ticketing systems preferable over traditional paper-based ticketing systems.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research. Gain insights from 1 million+ statistics, 20,000+ markets, and 5 business solutions encompassing ESG and Sustainability Consulting, Procurement Intelligence, Pricing Index and analysis, and Consume Analytics.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
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ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

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December 28, 2024

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ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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15 hours ago

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December 28, 2024

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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15 hours ago

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December 28, 2024

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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