Semi

South Africa e-cigarette market was valued at $20.7 million in 2018 and is expected to register a CAGR of 18.6% during 2019-2024. Rising health awareness among the traditional cigarette smoking populace and increasing sale of e-cigarette through online channels are driving the adoption of e-cigarettes in South Africa.

The APAC networking equipment market valued at $22,875.2 million in 2018, and is expected to advance at a CAGR of 11.3% during the forecast period 2019–2024. This can be attributed to factors including rising bandwidth requirement and growing data traffic. Further, rising incidents of cyber-attacks are also driving the market where organizations are enforced to adopt networking security solutions in order to mitigate risks arising from such attacks.

APAC air compressor market reached $11.8 billion in 2018 and is expected to register a CAGR of 4.1% during 2019-2024. Rising demand for energy efficient air compressors and growing demand from manufacturing industry are major drivers boosting the growth of the market. Moreover, with increasing focus toward the lower energy consumption, the demand for energy efficient compressors is growing.

ASEAN air compressor market was valued at $902.9 million in 2018, and is expected to advance at a CAGR of 3.6% during 2019–2024. This can be attributed to various factors including surging automotive industry, increasing focus toward energy efficient air compressors, and growing construction industry in the region.

High power LED market revenue stood at $12,647.2 million in 2018, and it is projected to advance at a CAGR of 5.3% during 2019–2024. The market thrives on the widening application base of LEDs in the automobile industry and increasing number of government initiatives that promote energy conservation and efficiency.

The ultraviolet (UV) curing system market revenue stood at $1.4 billion in 2018, and it is expected to witness a CAGR of 8.8% during 2019–2024. The market growth is because of the booming demand for consumer electronics, healthcare devices, and automobiles.

Valued at $684.8 million in 2018, the global silicon on insulator (SOI) market is projected to surpass $2,285.5 million by 2024, witnessing a CAGR of 22.7% during the forecast period (2019-2024). Among all regions, Asia-Pacific (APAC) is expected to exhibit the fastest growth in the industry during the forecast period.

Valuing $9.1 billion in 2018, the position sensor market is expected to advance at a 7.7% CAGR between 2019 and 2024. The key drivers for the industry are the rising demand for such instruments in the automobile and aerospace sectors and rising focus of manufacturers on more-thorough inspections and accurate measurements.

The interactive display market revenue stood at $9.2 billion in 2018, and it is expected to surpass $16.4 billion by 2024, exhibiting a CAGR of 10.4% during 2019–2024. Globally, the Asia-Pacific (APAC) region will witness the fastest growth in the coming years due to the rising investments in the transportation and education sectors in India, Australia, and China.

The global over-the-top (OTT) services market generated ~$92 billion revenue in 2020. The key factors responsible for the market’s growth include the rising penetration of the internet and smart devices and increasing internet speed.

The transparent display market was valued at $524.7 million in 2018, and it is predicted to register a CAGR of 46.2% during the forecast period (2019–2024), reaching $4,933.6 million by 2024. Among all regions, Asia-Pacific (APAC) is expected to be the fastest growing market for transparent displays in 2018. This is attributed to the rising demand for these products from China, Japan, and South Korea.

The printed electronics market revenue is projected to grow from $35.7 billion in 2019 to $363.1 billion by 2030, witnessing a CAGR of 22.4% during 2020–2030. Globally, the Asia-Pacific (APAC) region will register the fastest growth in the foreseeable future due to the mushrooming demand for flexible electronic products, including gaming consoles, smartphones, tablets, and laptops, in China, South Korea, and Japan.

The global blockchain devices market valued $0.3 billion in 2019, and is expected to register a CAGR of 48.7% during the forecast period (2020–2030), reaching $23.5 billion by 2030. Growing market for cryptocurrencies and increasing demand for blockchain solutions are some of the primary drivers of the market.

The global vision sensor market is predicted to register a CAGR of 12.7% during the forecast period (2020–2030), reaching $9.2 billion by 2030 from $2.5 billion in 2019. Among all the regions, Asia-Pacific (APAC) is expected to register the fastest growth during the forecast period. This would be attributed to the growing demand for vision sensors from automotive and packaging industries.

In 2020, the global market for network telemetry solutions and services generated revenue of ~$300 million, and it is expected to display steady growth during the forecast period (2021–2030).

In 2019, the motion sensor market value stood at $4,430.7 million, and it will witness a CAGR of 5.1% during 2020–2030, to reach $7,590.8 million by 2030.

Valued at $1,456.2 million in 2019, the global light sensor market is predicted to witness a CAGR of 9.5% during the forecast period (2020–2030). The major factors driving the growth of the industry are the expansion of the automotive sector and rising demand for consumer electronics.

The photonics market revenue stood at $576.8 billion in 2019, and it is expected to rise to $1,214.5 billion by 2030, while demonstrating a CAGR of 6.9% during 2020–2030. Globally, the Asia-Pacific (APAC) region held the major share in 2019, and it is expected to retain its dominance in the coming years as well. This is attributed to the constant technological advancements in the emerging economies of APAC such as India, South Korea, China, and Japan.

The global spintronics market was valued at $362.7 million in 2019, and it is projected to advance at a CAGR of 34.8% during the forecast period (2020–2030), reaching $12,845.6 million by 2030.

The ultrasonic sensor market size was $4.1 billion in 2019, and it is expected to reach $12.1 billion by 2030, while progressing at a CAGR of 10.2% during 2020–2030. Geographically, the Asia-Pacific (APAC) region is expected to register the fastest growth in the coming years. This will be on account of the mushrooming demand for automation in industries, burgeoning population, and surging focus toward smart agriculture in the region, especially in India and China.

The autonomous mobile robots market value was $29.3 billion in 2019, and it is predicted to rise to $220.6 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 18.3% from 2020 to 2030. The burgeoning requirement for automation solutions and expansion of the e-commerce industry are the main factors fueling the advance of the market.

The automotive electronics market revenue stood at $235.7 billion in 2019, and it is predicted to rise to $615.3 billion by 2030. Furthermore, the market is predicted to progress at a CAGR of 9.3% between 2020 and 2030. The key factors driving the expansion of the market are the soaring sales of vehicles and increasing implementation of government regulations and policies in several countries for making vehicles fuel-efficient and safer.

Valued at $89.5 million in 2019, the U.A.E. heating equipment market is expected to grow at a CAGR of 2.9% during 2020–2030 (forecast period) to ultimately reach $121.4 million by 2030. The key reasons behind the increasing demand for such equipment are the expanding hospitality industry in Dubai and the surging number of construction projects in the country’s transportation domain.

The global GIS in telecom market accounted for revenue of $1,564.6 million in 2021, which is set to increase to $4,482.8 million by 2030, advancing at a CAGR of 12.4% during 2021–2030. This will be due to the increasing demand for network installation and rising adoption of GIS for mobile and broadband services.

The global horticulture lighting market valued $3.2 billion in 2019, and it is projected to reach $20.3 billion by 2030, witnessing a CAGR of 18.1% during the forecast period (2020–2030). The rising government support for energy-efficient lights, burgeoning demand for agricultural products, and decriminalizing of marijuana use for medical purposes in numerous nations are responsible for the market advance.

From $6.9 billion in 2019, the global temperature sensor market is predicted to grow to $11.1 billion in 2030, witnessing a CAGR of 4.4% during the forecast period (2020–2030). The market is advancing owing to the increasing smartphone sales and rising demand for such devices from the automotive industry.

Valuing $112.0 million in 2019, the global 5G radio frequency (RF) transceiver market is predicted to display a CAGR of 30.4% during 2020–2030. The key reasons leading to the increasing sale of such electronic instruments are the rising demand for them from the telecommunications sector, surging adoption of smartphones, and growing popularity of internet of things (IoT).

From $3.8 billion in 2019, the global fingerprint sensors market value is expected to advance at a CAGR of 13.6% during 2020–2030. The key reason behind the increasing sale of such instruments is the rising demand for them in the government sector and consumer electronics. Such devices like biometric sensors generate a digital image of the fingerprint pattern, which is why they are important in areas where the authentication of people’s identity is required.

The global solar street lighting market size is valued at $5.7 billion with sales of 1,545.9 thousand lighting units in 2019 and projected to witness a CAGR of 9.4% during the forecast period (2020–2030). The declining price of solar street lighting solutions and increasing number of smart cities are the major growth driving factors. Moreover, increasing urbanization in developing regions is creating ample opportunities for the solar street lighting industry to grow.

The global modular robotics market was valued at $5.6 billion in 2019 and is projected to witness a CAGR of 9.9% during the forecast period (2020–2030). Penetration of industrial internet of things (IIoT) in the manufacturing process is a major trend in the market due to its ability to enhance productivity and reduce operational costs for the manufacturers.

The ambient lighting market size stood at $60.8 billion in 2019, and it is expected to grow at a 9.2% CAGR between 2020 and 2030. The burgeoning demand for energy-efficient lighting solutions, surging emphasis on smart lighting, and increasing stringency of the regulatory policies pertaining to energy efficiency are the key factors driving the market growth.

The global mobile collaborative robots market size was $543.3 million in 2019, and it is projected to witness a CAGR of 26.3% during the forecast period (2020–2030). The growing demand for industrial automation solutions and surging adoption of mobile cobots in the automotive industry are the key factors driving the mobile collaborative robots industry.

The global heat stress monitor market size was $51.4 million in 2019, and it is projected to witness a CAGR of 2.7% during the forecast period (2020–2030). The growing awareness pertaining to heat-related illnesses, including heatstroke, fatigue, and dehydration, primarily for employees, athletes, and military personnel, is the key factor driving the heat stress monitor industry.

The radio frequency (RF) semiconductor market value was $2.1 billion in 2019, and it is expected to progress at a CAGR of 8.8% during 2020–2030. The primary growth drivers for this market include the increasing adoption of mobile communication technologies, such as 4G and 5G, and growing deployment of the internet of things (IoT) technology.

The global e-cigarette market generated $15.7 billion in 2019, and it is predicted to progress at a 9.2% CAGR between 2020 and 2030 (forecast period). The market is being propelled by the social acceptance and easy availability of electronic cigarettes. Additionally, the projection of these vaping devices as safer alternatives to traditional products is expected to fuel the expansion of the market.

The global data center market size was estimated at $220.0 billion in 2021, globally. This market number is expected to increase with a CAGR of 5.1%, to reach $343.6 billion in 2030. The exponential increase in data is the major factor that contributes to the growth of the market.

The global metering pump market size was $4.4 billion in 2019, and it is expected to register a CAGR of 3.9% over the forecast period (2020–2030). Strict government regulations for water treatment and rising demand for such devices from the oil & gas industry are some major growth factors propelling the metering pump industry.

The global commercial refrigeration equipment market size, which was $24.6 billion in 2019, is expected to witness a CAGR of 3.0% during the forecast period (2020–2030), to reach $33.9 billion in 2030. The major reasons behind the advance of the industry are the increasing demand for ready-to-eat products and expansion of the organized food retail sector.

The industrial refrigeration systems market revenue is expected to grow from $26.8 billion in 2019 to $41.1 billion in 2030, at a CAGR of 5.0% during 2020–2030. The market is primarily being driven by the rising use of refrigerators in the chemical and pharmaceutical industries and growing food processing and cold chain sectors.

The global compressor market size was $39.9 billion in 2019, which is expected to witness a CAGR of 3.1% during the forecast period (2020–2030), to reach $48.5 billion in 2030. The surging replacement of piston compressors with screw compressors, expanding automotive sector, and growing number of food processing units are among the primary driving factors for the compressor industry.

The global radiofrequency (RF) transceiver market size was $3,892.1 million in 2019, and it is projected to witness a CAGR of 0.8% during the forecast period (2020–2030).

The global heating, ventilation, and air conditioning (HVAC) market size, which was $240.8 billion in 2019, is expected to witness a CAGR of 4.8% during the forecast period (2020–2030), to reach $358.1 billion in 2030.

From $1,873.1 million in 2019, the U.A.E. heating, ventilation, and air conditioning (HVAC) market size is projected to advance to $2,774.7 million by 2030, at a CAGR of 5.2% during the forecast period (2020–2030). The key factors propelling the industry are the increase in the infrastructure investments in commercial, industrial, and residential sectors and growth in the tourism industry of the country.

The global personal robots market reached $21.5 billion in 2019, and it is expected to witness a CAGR of 7.8% during the forecast period (2020–2030), to reach $51.5 billion in 2030.

From $8,526.7 million in 2019, the Indian heating, ventilation, and air conditioning (HVAC) market size is expected to grow to $31,598.6 million by 2030, at a CAGR of 16.0% during the forecast period (2020–2030). The key factors propelling the industry are the increase in the disposable income of people and growth in the commercial, industrial, and residential infrastructure investments in the country.

The global chiller market size was $7,330.7 million in 2019, and it is expected to reach $10,880.3 million by 2030, progressing at a CAGR of 5.0% during the forecast period (2020–2030). The major driving factors for the industry are the increasing global temperature, rising requirement for cooling equipment from industrial units, and surging spending on the development of infrastructure.

Backed by increasing government support, the growing manufacturing sector is positively driving the Indian compressor market. The market is poised to generate $2,891.9 million revenue in 2030, advancing at a CAGR of 6.2% during the forecast period (2020–2030).

The APAC compressor market is expected to reach $25.7 billion by 2030, advancing at a CAGR of 3.2% during the forecast period. The market is buoyed by the growing automotive industry, predominantly passenger vehicle category, along with overall growth in demand for electric vehicles.

The global emergency lighting market was valued at $5,386.0 million in 2020, and it is expected to showcase a CAGR of 6.4% during the forecast period (2021–2030). This is primarily attributed to the increasing number of construction projects, declining prices of LED lights, and rising government initiatives to support the adoption of energy-efficient lighting solutions across the globe.

The global battery management system market was valued at $5,661.0 million in 2020, and it is expected to grow at a CAGR of 15.0% during the forecast period (2021–2030). The key factors responsible for the growth of the industry include the increasing demand for electric vehicles (EV) and rising usage of rechargeable batteries in consumer electronics.

The Australian ventilation products market size stood at $569.4 million in 2021, which is projected to advance at a CAGR of 6.5% during 2021–2030.

The ECG cables and lead wires market size was valued at around $1,800.0 million in 2021, and it is expected to advance at a CAGR of 6.1% during 2021–2030, to reach $3,071.7 million by 2030.

The global pressure transmitter market revenue was $2,904.0 million in 2021, and it is expected to reach $4,168.7 million by 2030, at a CAGR of around 4.1% during 2021–2030.

The terahertz technology market size stood at $450.5 million in 2021, and it is expected to grow at a compound annual growth rate of 19.7% during 2021–2030, to reach $2,272.7 million by 2030.

The global radiation hardened electronics market accounted for revenue of $1,539.1 million in 2021, and it is set to increase to $2,104.2 million by 2030, advancing at a CAGR of 3.5% during 2021–2030. The extensive demand for radiation‐hardened components for aircraft, medical devices, and nuclear power plants is driving the market.

The air purifier market was valued at an estimated $11,422.7 million in 2021, and it is expected to advance at a CAGR of 11.8% during 2021–2030.

The IoT microcontroller market size was estimated at $4,836.9 million in 2021, and it is expected to grow at a CAGR of 12.4% during 2021–2030.