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Sub-GHz Module Market to Grow by USD 650.3 Million (2024-2028) with Smart City Initiatives Driving Demand, AI Powered Report- Technavio

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NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global sub-ghz module market size is estimated to grow by USD 650.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.11%  during the forecast period. Smart city initiatives by governments is driving market growth, with a trend towards advancements in semiconductor technology. However, varying regulations regarding frequency use  poses a challenge. Key market players include Adolf Wurth GmbH and Co. KG, Advantech Co. Ltd., Analog Devices Inc., Digi International Inc., EMBIT S.R.L., Ezurio, HOPE Microelectronics Co. Ltd., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nordic Semiconductor ASA, NXP Semiconductors NV, Quectel Wireless Solutions Co. Ltd., Radiocrafts AS, Renesas Electronics Corp., Semtech Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Telit Cinterion, Texas Instruments Inc., and Zyxel Communications Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Sub-Ghz Module Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.11%

Market growth 2024-2028

USD 650.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.91

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 52%

Key countries

China, US, Japan, South Korea, Germany, Taiwan, UK, India, France, and Italy

Key companies profiled

Adolf Wurth GmbH and Co. KG, Advantech Co. Ltd., Analog Devices Inc., Digi International Inc., EMBIT S.R.L., Ezurio, HOPE Microelectronics Co. Ltd., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nordic Semiconductor ASA, NXP Semiconductors NV, Quectel Wireless Solutions Co. Ltd., Radiocrafts AS, Renesas Electronics Corp., Semtech Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Telit Cinterion, Texas Instruments Inc., and Zyxel Communications Corp.

Market Driver

The Sub-GHz module market is experiencing significant growth due to advancements in semiconductor technology. Smaller process nodes, such as 7nm and 5nm, are enhancing performance by allowing for higher transistor density and improved efficiency, while reducing power consumption. Companies like Semtech and Nordic Semiconductors are integrating these advanced semiconductor processes into their products, resulting in modules with greater range, longer battery life, and higher frequency performance. Additionally, the use of specialized materials like gallium nitride (GaN) and system-on-chip (SoC) designs are pushing the boundaries of Sub-GHz technology, making modules more efficient, versatile, and suitable for various applications, including IoT devices and industrial automation systems. These technological advancements will continue to drive the growth of the global Sub-GHz module market during the forecast period. 

The Sub-Ghz module market is witnessing significant growth in various industries including Industrial, Military, Commercial, and Marine sectors. Bluetooth v5 is a trending technology in this market, offering higher data transfer rates and longer range compared to its predecessors Bluetooth v4.2 and Bluetooth v4.0. The Evaluation Quadrant shows Sub-Ghz modules’ dominance in Downstream applications such as Smart Home and Building Automation. The Industry chain includes raw materials suppliers, module manufacturers, and downstream application providers. The manufacturing process is crucial, with proprietary technologies playing a key role in ensuring high performance and reliability. Industrial Automation, Military, Commercial, and Marine sectors are major downstream applications for Sub-Ghz modules. Smart Home and Building Automation are also significant markets, driven by the need for energy efficiency and security. The market is expected to continue growing, driven by advancements in technology and increasing demand for wireless communication solutions. 

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Market Challenges

Regulatory constraints pose significant challenges to the growth of the global Sub-GHz module market. Different countries have distinct regulations governing the allocation and use of sub-1 GHz frequency bands, which can restrict the deployment and interoperability of Sub-GHz modules. For instance, in the US, the Federal Communications Commission (FCC) enforces strict regulations on frequency bands to prevent interference between various communication systems. In Europe, the European Telecommunications Standards Institute (ETSI) sets specific guidelines for frequency use, which vary across member states. In India, the Ministry of Communications regulates frequency bands and imposes licensing requirements. These regulatory constraints lead to additional costs for manufacturers to ensure compliance, deterring market entry and slowing down the adoption of Sub-GHz technology. Differing standards and regulatory practices across regions can also create barriers to global standardization, impacting the scalability and integration of Sub-GHz modules in international markets. Navigating these regulatory challenges requires substantial investment in understanding and meeting diverse requirements, impeding the growth of the global Sub-GHz module market during the forecast period.The Sub-Ghz module market is experiencing significant growth due to its applications in various industries. Security and industrial automation are key sectors driving demand, with military and commercial applications also gaining traction. Challenges in this market include ensuring security and reliability of data transmission. Industrial automation, marine, and building automation are major downstream applications. The industry chain includes raw materials suppliers, module manufacturers, and downstream customers. Proprietary technologies and manufacturing processes add complexity to the market. Bluetooth v5 is a new player in this space, offering advantages over older versions like v4.2 and v4.0. The Evaluation Quadrant can help businesses make informed decisions when selecting a Sub-Ghz module supplier. Smart Home applications are also emerging as a new market opportunity.

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Segment Overview 

This sub-ghz module market report extensively covers market segmentation by  

Type 1.1 Transceivers1.2 Transmitters1.3 Receivers1.4 LoRaApplication 2.1 Remote metering2.2 Smart home2.3 Smart city2.4 Smart agriculture2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Transceivers-  The Sub-Ghz module market is experiencing steady growth due to increasing demand for wireless communication solutions in various industries. These modules offer advantages such as longer range, lower power consumption, and better penetration through obstacles compared to traditional Wi-Fi and Bluetooth technologies. Companies like Texas Instruments, Murata Electronics, and NXP Semiconductors are major players in this market, providing innovative solutions for IoT, smart home, and industrial automation applications. The market is expected to reach significant value by 2025, driven by growing adoption in developing regions and advancements in technology.

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Research Analysis

The Sub-GHz Module Market refers to the industry dedicated to producing and supplying Sub-GHz modules for various applications. These modules operate in the Sub-GHz frequency range, which is ideal for long-range, low-power wireless communications. The market caters to various industries, including Industrial, Military, Commercial, Marine, and others. Downstream applications include Smart Home Automation, Asset Tracking, Telemetry, and IoT devices. The industry chain includes raw material suppliers, manufacturers, and end-users. The manufacturing process involves the assembly of components such as microcontrollers, RF chips, and antennas. Sub-GHz modules are available in various communication protocols like Z-Wave, Wi-SUN, and proprietary ones. Bluetooth v5, v4.2, and v4.0 are also used in some applications, but they operate in different frequency bands.

Market Research Overview

The Sub-Ghz module market is a growing segment in the wireless communication industry, catering to various industries such as Industrial, Military, Commercial, Marine, and others. This market is driven by the demand for low-power, long-range wireless connectivity solutions. Sub-Ghz modules operate at frequencies below 1 GHz, offering advantages like longer range, better penetration, and lower power consumption compared to Bluetooth technologies like Bluetooth v5, Bluetooth v4.2, and Bluetooth v4.0. The industry chain of Sub-Ghz modules includes raw material suppliers, manufacturers, and downstream application industries. The manufacturing process involves the production of modules using proprietary technologies. The market is segmented into applications like Smart Home, Building Automation, Security, and Industrial Automation. The Military and Industrial sectors are significant contributors to the market due to their requirement for secure, long-range communication. The Evaluation Quadrant provides a comprehensive analysis of the market, including market size, growth trends, and competitive landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeTransceiversTransmittersReceiversLoRaApplicationRemote MeteringSmart HomeSmart CitySmart AgricultureOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

BASX Hosts Ribbon-Cutting Ceremony for New State-of-the-Art Weld Shop

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27 mins ago

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September 19, 2024

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REDMOND, Ore., Sept. 19, 2024 /PRNewswire/ — BASX (“BASX” or the “Company”), a leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, and custom HVAC systems, is proud to announce the official ribbon-cutting ceremony for its newly completed 36,000-square-foot weld shop. The Redmond Chamber of Commerce performed the ribbon cutting on September 18th, 2024, at BASX headquarters.

The weld shop will create significant job opportunities in the Central Oregon region, with the capacity to fill an additional 30 welding positions. Positions range from entry-level to experienced roles, with professional opportunities in various growing departments within the Company.

“This new facility is a major investment not just in our company, but in the future of Central Oregon,” said Dave Benson, AAON VP and BASX President. “We can now deliver even higher levels of quality and efficiency while providing more job opportunities for the community. We’re proud to support local manufacturing growth and look forward to seeing the impact this expansion will have on both BASX and the region.”

The new shop marks a major expansion in the Company’s production capabilities, introducing state-of-the-art welding technology within a climate-controlled environment. Equipped with advanced air filtration systems, including an AAON make-up air unit and multiple air scrubbers, the shop ensures exceptional air quality for its workers. The space also features two 5-ton overhead cranes and six ½-ton cantilever jib cranes, allowing for efficient movement of materials across the facility.

A key highlight of the facility is its cutting-edge tube laser, capable of precision cutting and profiling round and square tubes, as well as C-channel and I-beam profiles up to 27 feet in length. Additionally, a 75-foot-long dual-zone robotic welding cell is scheduled to be installed and operational in early 2025, enabling the welding of large subassemblies up to 10 tons.

The shop’s innovative capabilities will support the Company’s growth and solidify its position for ongoing expansion. In addition to the 30 new welding jobs, BASX is actively hiring across various departments to support its continued success. To learn more about available positions and apply, visit the BASX careers page at www.basxsolutions.com/careers.

About BASX
Founded in 2014 in Central Oregon, BASX is an industry leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, custom HVAC systems, and modular solutions. Acquired by AAON in 2021, BASX continues to focus on quality, innovation, and state-of-the-art technology. The Company is proud to display the Made-in-America emblem on all its products. For more information, please visit www.basx.com.

Contact Information
Christina Lattanzio
Marketing Manager
(918) 508-9272
Email: Marketing@basx.com

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SOURCE AAON

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NASA Sets Coverage for Astronaut Tracy C. Dyson, Crewmates Return

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27 mins ago

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September 19, 2024

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WASHINGTON, Sept. 19, 2024 /PRNewswire/ — NASA astronaut Tracy C. Dyson, accompanied by Roscosmos cosmonauts Nikolai Chub and Oleg Kononenko, will depart from the International Space Station aboard the Soyuz MS-25 spacecraft, and return to Earth.

Dyson, Chub, and Kononenko will undock from the orbiting laboratory’s Prichal module at 4:37 a.m. EDT Monday, Sept. 23, heading for a parachute-assisted landing at 8 a.m. (5 p.m. Kazakhstan time) on the steppe of Kazakhstan, southeast of the town of Dzhezkazgan.

NASA’s live coverage of return and related activities will stream on NASA+ and the agency’s website. Learn how to stream NASA content through a variety of platforms, including social media.

A change of command ceremony also will stream on NASA platforms at 10:15 a.m. Sunday, Sept. 22. Kononenko will hand over station command to NASA astronaut Suni Williams for Expedition 72, which begins at the time of undocking.

Spanning 184 days in space, Dyson’s mission includes covering 2,944 orbits of the Earth and a journey of 78 million miles. The Soyuz MS-25 spacecraft launched March 23, and arrived at the station March 25, with Dyson, Roscosmos cosmonaut Oleg Novitskiy, and spaceflight participant Marina Vasilevskaya of Belarus. Novitskiy and Vasilevskaya were aboard the station for 12 days before returning home with NASA astronaut Loral O’Hara on April 6.

Kononenko and Chub, who launched with O’Hara to the station on the Soyuz MS-24 spacecraft last September, will return after 374 days in space and a trip of 158.6 million miles, spanning 5,984 orbits.

Dyson spent her fourth spaceflight aboard the station as an Expedition 70 and 71 flight engineer, and departs with Kononenko, completing his fifth flight into space and accruing an all-time record 1,111 days in orbit, and Chub, who completed his first spaceflight.

After returning to Earth, the three crew members will fly on a helicopter from the landing site to the recovery staging city of Karaganda, Kazakhstan. Dyson will board a NASA plane and return to Houston, while Kononenko and Chub will depart for a training base in Star City, Russia.

NASA’s coverage is as follows (all times Eastern and subject to change based on real-time operations):

Sunday, Sept. 22
10:15 a.m. – Expedition 71/72 change of command ceremony begins on NASA+ and the agency’s website.

Monday, Sept. 23
12:45 a.m. – Hatch closing coverage begins on NASA+ and the agency’s website.

1:05 a.m. – Hatch closing

4 a.m. – Undocking coverage begins on NASA+ and the agency’s website.

4:37 a.m. – Undocking

6:45 a.m. – Coverage begins for deorbit burn, entry, and landing on NASA+ and the agency’s website.

7:05 a.m. – Deorbit burn

8 a.m. – Landing

For more than two decades, people have lived and worked continuously aboard the International Space Station, advancing scientific knowledge, and making research breakthroughs that are not possible on Earth. The station is a critical testbed for NASA to understand and overcome the challenges of long-duration spaceflight and to expand commercial opportunities in low Earth orbit. As commercial companies focus on providing human space transportation services and destinations as part of a robust low Earth orbit economy, NASA is focusing more resources on deep space missions to the Moon as part of Artemis in preparation for future human missions to Mars.

Learn more about International Space Station research and operations at:

https://www.nasa.gov/station

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SOURCE NASA

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Global claims guidance leader EvolutionIQ joins as CALI’s inaugural Life Partner

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27 mins ago

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September 19, 2024

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — US-based EvolutionIQ, a global leader in claims guidance technology, has signed on as the Council of Australian Life Insurers (CALI)’s first Life Partner as part of its corporate partner program.

The CALI Partner Program is designed to foster collaboration and create a connected ecosystem of industry experts.

CALI Life Partners share the industry’s mission to make life insurance accessible, understandable and trusted. They are companies that support Australian life insurers to help Australians and their families have peace of mind about their future so they can live in the most healthy, confident and secure way.

“We are pleased to welcome EvolutionIQ as CALI’s inaugural Life Partner. The CALI Partner Program plays an important role in connecting our members to the latest innovators, like EvolutionIQ, that can move their businesses forward,” said CALI CEO Christine Cupitt.

“We want to work closely with each of our partners to strengthen and support the life insurance industry to deliver better customer experiences for millions of Australians on their best and worst days.”

Headquartered in New York, EvolutionIQ has expanded significantly since 2019. Its clients include major insurance carriers such as Sun Life, Reliance Matrix and Principal Financial. Their AI-powered software makes insurance claims processes more personalised, fair and cost-effective so that more people can recover faster and return to work.

“We are committed to supporting the Australian life insurance ecosystem and being a CALI Life Partner enables us to specialise our products to meet the dynamic needs of the Australian markets,” said EvolutionIQ’s Co-CEO, Mike Saltzman.

“Our partnership with CALI means we can contribute to and shape customer experiences in Australia, and ultimately help more people return to health and a livelihood sooner.”

About EvolutionIQ
EvolutionIQ pioneered Claims Guidance in 2019. Its explainable AI guides insurance claims professionals to their highest potential impact claims, improving the claimant experience and delivering better claim outcomes to claimants, carriers and their customers. EvolutionIQ serves the group disability, individual disability and workers’ compensation markets worldwide. EvolutionIQ’s AI native products have been adopted by 70% of the top 15 U.S. disability carriers and a growing list of workers’ compensation carriers. The New York-based company employs 185 staff across the United States, Europe and Australia. For more information, visit evolutioniq.com and follow the company on LinkedIn.

About CALI
We support Australians to make informed choices about their future and help them live in a healthy, confident and secure way over their lifetime.

Our members’ products and services give people peace of mind when making important decisions and provide a financial safety net during life’s biggest challenges.

We advocate for national policy settings that expand Australians’ access to the life insurance protection that suits them when they need it most.

CALI represents all life insurers and reinsurers in Australia. The Australian life insurance industry is today a $26.4billion industry, employing thousands of Australians and paying billions of dollars of benefits each year.

To view CALI’s corporate partners visit www.cali.org.au/about-us/#our-partners

For more information, visit www.cali.org.au

Media Contact
Jason Kapler
Vice President of Marketing
EvolutionIQ
(917) 740-5608
Press@evolutioniq.com

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SOURCE EvolutionIQ

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