Electronics & Electricals

Infrared Detector Market: Emerging Economies Expected to Influence Growth Until 2028 As per the study, The Global Infrared Detector Market is expected to grow from US$ 489.15 Million in 2022 to US$ 724.52 Million by 2028 at a healthy CAGR of 6.76% during the forecast period of 2022-2028. An infrared detector is used for the detection of infrared lights. There are two main basic forms of infrared detectors viz. thermal and photonic.

ASICs in Communication Systems: Enabling Faster, Smoother Connectivity According to Stratview Research, the Global Application Specific Integrated Circuit (ASIC) Market was estimated to grow from USD 16.01 Billion in 2022 to USD 21.94 Billion by 2028 at a healthy CAGR of 5.39% during the forecast period of 2023-2028. Application-specific integrated circuit (ASIC) is an integrated circuit (IC) chip customized for a particular range of uses, rather than intended for general-purpose use.

Time-of-Flight (ToF) Sensor Market is Anticipated to Grow at an Impressive CAGR During 2022-2028 The Time-of-Flight Sensor Market was estimated to grow from USD 3.6 Billion in 2021 to USD 12.8 Billion by 2028 at a healthy CAGR of 19.55% during the forecast period. Time-of-Flight (ToF) Sensor is a remote sensing method, which uses infrared light pulse to detect and measure distances very accurately by measuring the return time of pulse.

Field programmable gate array market is likely to witness an impressive CAGR of 8.9% during the forecast period. Increasing demand for advanced driver-assistance systems (ADAS), along with the growth of IoT, and faster time-to-market of FPGA than ASIC is the prime factor contributing to the demand for field programmable gate arrays.

Shore Power Market is likely to witness an impressive CAGR of 13.6% during the forecast period 2022-27. The major drivers propelling the growth of the market are the increasing number of cruise liners in the shipping industry, the reduction of low-frequency noise and emissions at ports, and installation of retrofit shore power systems.

Battery Material Recycling Market is likely to witness an impressive CAGR of 10.0% during the forecast period. Major factors such as growing automobile sector, escalating demand for smart devices and electronic gadgets and motor vehicle production, and high demand for Li-ion technology in electric vehicles are expected to fuel the growth of the battery material recycling market during the forecast period.

Silicon Photonics market is likely to witness an impressive CAGR of 20.5% during the forecast period. The prime factor that is contributing to the growth of the market for silicon photonics is mainly the surge in demand for high-speed data transmission in data centers, globally.