Market Research News Federation Board

Apart from the consumer electronics sector, the growing automotive sector is an important power electronics market driver. In conventional vehicles, power electronics applications include the interfaces between the engine–alternator and the battery and between the battery and the lights, horns, wipers, starter motors, and infotainment and advanced driver assistance (ADAS) systems. Electric vehicles use power electronics in even higher capacities, as they control the electricity coming from the charging station into the battery and that leaving the battery for the primary traction motor. Similarly, in vehicles that operate at higher voltage and current ratings, more-powerful power electronics are needed. For instance, the majority of the three-phase electric locomotives being manufactured by Indian Railways, including WAP-5, WAP-7, WAG-9, and WAG-12, consist of thyristor converters and IGBTs. Moreover, these devices are being integrated into even the newer diesel locomotives being manuf...

Nowadays, internet of things (IoT)-enabled devices are becoming more efficient due to the rapid advancements in the artificial intelligence (AI) technology and extensive need for ubiquitous connectivity and real-time communication. End-use industries such as automotive and transportation, healthcare, government and defense, retail, education, energy, oil and gas, information technology (IT) and telecom, manufacturing, and banking, financial services, and insurance (BFSI) are adopting IoT-based devices to enhance communication.  However, the increasing use of such devices has led to a significant rise in cyberattack incidents. To mitigate such unprecedented instances and reduce financial and data loss incurred due to cybercrimes, end users are opting for AI-based cyber security solutions. Owing to this reason, the AI in cyber security market will accelerate at a healthy CAGR of 25.7% during 2020–2030. According to P&S Intelligence, the market revenue will surge from $8.6 billio...

From $37.0 billion in 2019, the global augmented reality (AR) and virtual reality (VR) market is predicted to reach a revenue of $1,274.4 billion by 2030. According to the estimates of the market research firm, P&S Intelligence, the market will exhibit a CAGR of 42.9% from 2020 to 2030. The market is being driven by the surging incorporation of the AR and VR technologies in the entertainment, tourism, healthcare, education, and gaming industries. The surging adoption of the AR and VR technologies by enterprises operating in various sectors is further boosting the advancement of the AR and VR market. Major solution providers, app developers, and device manufacturing companies are increasingly targeting businesses, both small and large, owing to the wide application pool provided by them. Moreover, a large number of Fortune 500 companies have began experimenting with these solutions and some of them have already launched pilot projects.  For instance, The Boeing Company witnessed...

A number of factors, such as the escalating demand for racing drones, increasing application of augmented reality (AR) and virtual reality (VR) in drones, and ongoing advancements in technologies such as geo-fencing and collision avoidance, are expected to drive the consumer drones market at a healthy CAGR of 28.1% during the forecast period (2016–2022). According to P&S Intelligence, the market was valued at $389.7 million in 2015, and it is projected to generate $2,196.9 million revenue by 2022. The surging application of AR and VR in unmanned aerial vehicles (UAVs) is one of the primary growth drivers for the market. Market players are integrating AR-enabled high-definition (HD) cameras into these platforms to reduce the dependence on tablets and laptops and facilitate operations, as AR glasses offer hands-free solutions to field service technicians. Moreover, these solutions enable the visualization of expert knowledge and job-critical information. Therefore, essentially, mark...

The growing popularity of video-on-demand (VoD) services in developing countries is also predicted to drive the advancement of the market between 2021 and 2030. Depending on type, the market is divided into VoD, music streaming, online gaming, and communication categories. Out of these, the online gaming category is predicted to dominate the market in the coming years. Internet-connected gaming consoles, such as Xbox One, Wii U, and Playstation 4, allow users to play games online. The high costs of these games are responsible for the high revenue generation of the online gaming category. Geographically, the OTT services market was dominated by North America in 2020. This was because of the high disposable income of people, which enabled them to purchase subscriptions of premium content. Additionally, the high penetration of the internet in Canada and the U.S. also contributed toward the surging popularity of OTT services in the region during the last few years. In the coming years, th...

Smartwatches can seamlessly integrate daily health-related activities into an application-based module that can be accessed from a smart device, such as a tablet or smartphone. These watches are gaining traction among the young population, especially among people within the age group of 15–35 years, who want to monitor and maintain their fitness schedules and personal health.  Thus, the surging public awareness on tracking personal health will fuel the adoption of smartwatches in the foreseeable future. Moreover, the increasing integration of automotive control features in such consumer electronics will drive the smartwatch market at a vigorous CAGR of 22.7% during the forecast period (2018–2023). The market revenue is expected to surge from $10.2 billion in 2017 to $43.8 billion by 2023. Market players around the world are developing a new range of smartwatches that are compatible with automotive features such as remote ignition, smart locking and unlocking, and driver assistance...

Transceiver manufacturers are majorly focusing on the production of 5G, 4G, 3G, and 2G RF transceivers, which are being integrated into mobile devices, add-on cards, routers, and embedded modules. In the upcoming years, 5G RF transceivers will be procured at the highest rate, due to the increasing deployment of the 5G network in North America and Europe.  The surging adoption of 5G technology is buoyed by the rising implementation of government initiatives and plans aimed at augmenting the deployment of this technology in several end-use industries. According to P&S Intelligence, the Asia-Pacific (APAC) region led the RF transceiver market in the preceding years, due to the burgeoning demand for smartphones and increasing deployment of 5G in South Korea, China, and Japan.  The accelerating deployment of 5G in China can be credited to the 'Made in China 2025' initiative, which visualizes 5G as an important catalyst in the transformation of China into a world leader of new ...