An electric power system is a network of electrical components used to supply, transfer, and use electric power. Electrical systems & components include devices such as switch gears, controls, cables, and circuit breakers am ....see more
The energy harvesting system market is expected to grow from USD 0.6 billion in 2023 to USD 0.9 billion by 2028, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.The key players STMicroelectronics (Switzerland), Texas Instruments Incorporated (US), Analog Devices, Inc. (US), Renesas Electronics Corporation (Japan), EnOcean GmbH (Germany), Microchip Technology Inc. (US), Infineon Technologies AG (Germany), Honeywell International Inc. (US), Qorvo, Inc. (US), and ABB (Switzerland).
The infrared imaging market is expected to grow from USD 6.7 billion in 2023 to USD 9.6 billion by 2028, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.The key Players Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), L3Harris Technologies (US), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co., Ltd. (China), OPGAL Optronics Industries Ltd (Israel) and Allied Vision Technologies GmbH (Germany).
The global microphone market is expected to grow from USD 2,454 million in 2023 to USD 3,526 million by 2028, at a compound annual growth rate (CAGR) of 7.5% during the forecast period.The key players Knowles Electronics LLC (US), Goertek (China), AAC Technologies (China), TDK Corporation (Japan), Infineon Technologies (Germany).
The parcel sortation system market is expected to grow from USD 2.0 billion in 2023 to USD 2.8 billion by 2028, at a compound annual growth rate (CAGR) of 7.0 % during the forecast period.The key players Vanderlande (Netherlands), Beumer Group (Germany), Honeywell International (US), and Bastian Solutions (US), Fives (France).
The thin-film photovoltaic market is expected to grow from USD 5.3 billion in 2023 to USD 11.2 billion by 2028, at a compound annual growth rate (CAGR) of 16.0 % during the forecast period.The Key Players First Solar (US), Kaneka Corporation (Japan), Ascent Solar Technologies (US), Oxford PV (UK), Hanwha Q CELLS (South Korea), Sharp Corporation (Japan), JA Solar Technology Co. Ltd (China), MiaSole (US), AVANCIS GmbH (Germany), Solbian (Italy).
The underfloor heating market is expected to grow from USD 5.1 billion in 2023 to USD 7.4 billion by 2028, at a compound annual growth rate (CAGR) of 7.5% during the forecast period.The Key Players Uponor Corporation (Finland), Resideo Technologies Inc. (US), nVent Electric Plc (UK), Warmup (UK), Rehau Ltd (Switzerland), Emerson Electric Co. (US), Robert Bosch Gmbh (Germany), Danfoss (Denmark), Mitsubishi Electric Corporation (Japan), Siemens Ag (Germany), Schneider Electric (France), Incognito Heat Co. (Scotland)
The global water-based heating & cooling systems market is expected to grow from USD 37.7 billion in 2023 to USD 55.2 billion by 2028, at a compound annual growth rate (CAGR) of 7.9% during the forecast period.The Key Players ignificant Tier I and II players like Daikin (Japan), Johnson Controls (US), Carrier Global Corporation (US), Trane Technologies (US), Fujitsu (Japan), and others.
The Vertical Farming market is expected to grow from USD 5.1 billion in 2023 to USD 15.3 billion by 2028, at a compound annual growth rate (CAGR) of 24.7% during the forecast period.The Key Players Signify (Netherlands), ams-OSRAM AG (Germany), Freight Farms (US), AeroFarms (US), sky Greens (Singapore), Spread (Japan), Plenty (US), Valoya (Finland), Everlight Electronics (Taiwan), and Heliospectra AB (Sweden), Green Sense Farms (US).
The global real-time location systems market is expected to grow from USD USD 5.2 billion in 2023 to USD 16.2 billion by 2028, at a compound annual growth rate (CAGR) of 25.5% during the forecast period.The major players Securitas AB (Sweden), Zebra Technologies Corporation (US), Aruba Networks (US), TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), Impinj, Inc. (US), and Savi Technology (US).
The Far-Field Speech and Voice Recognition Market is expected to grow from USD 3.7 billion in 2023 to USD 6.9 billion by 2028, at a compound annual growth rate (CAGR) of 13.1% during the forecast period.The Major Players Amazon (US), Google (US), Apple Inc. (US), and Microsoft Corporation (US).
The global Infrared detector market is expected to grow from USD 535 million in 2023 to USD 751 million by 2028, at a compound annual growth rate (CAGR) of 7.0% during the forecast period.The Key Players Excelitas Technologies Corp. (US), Hamamatsu Photonics K.K. (Japan), Murata Manufacturing Co., Ltd. (Japan), Teledyne FLIR LLC (US), and Nippon Ceramic Co., Ltd. (Japan), Texas Instruments Incorporated (US), OMRON Corporation (Japan), InfraTec GmbH (Germany), Lynred (France), and TE Connectivity (Switzerland).
The Isostatic pressing market is expected to grow from USD 8.1 billion in 2023 to USD 11.7 billion by 2028, at a compound annual growth rate (CAGR) of 7.6% during the forecast period.The Key players Kobe Steel, Ltd. (Japan), Bodycote (UK), Kennametal, Inc. (US), Nikkiso., Ltd. (Japan), DORST Technologies GmbH & Co. KG (Germany), American Isostatic Presses, Inc (US), EPSI (US), Pressure Technology, Inc. (US), Shanxi Golden Kaiyuan Co., Ltd. (China).
The desiccant dehumidifier market is expected to grow from USD 578 million in 2023 to USD 749 million by 2028, at a compound annual growth rate (CAGR) of 5.3% during the forecast period.The Major players Munters (Sweden), Bry-Air (India), Condair Group (Switzerland), Cotes (Denmark), Seibu Giken DST (Sweden), Trotec (Austria), DehuTech AB™ (Sweden), Fisen Corporation (US), Atlas Copco (Sweden), and Parker Hannifin Corporation (US).
The precision livestock farming market is expected to grow from USD 6.9 billion in 2023 to USD 11.2 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% during the forecast period.The major players DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), and Lely International (Netherlands).
The TDLA market is expected to grow from USD 496 million in 2023 to USD 795 million by 2030, at a compound annual growth rate (CAGR) of 7.0% during the forecast period.Thekey Yokogawa Electric Corporation (Japan), SICK AG (Germany), ABB (Switzerland), Servomex Limited (UK), SpectraSensors (US), Emerson Electric Co. (US), and AMETEK Inc. (US) Siemens (Germany) and METTLER TOLEDO (Switzerland).
The Haptic Technology market is expected to grow from USD 4.2 billion in 2023 to USD 5.0 billion by 2028, at a compound annual growth rate (CAGR) of 3.7% during the forecast period.The key players such as Texas Instruments Incorporated (US), Johnson Electric Holdings Limited (China), AAC Technologies (China), TDK Corporation (Japan), Microchip technologies Inc. (US), Immersion (US), Semiconductor Components Industries, LLC (US), Precision Microdrives (UK), and Synaptic Incorporated (US), and ultraleap (UK).
The global RTLS market for healthcare market is expected to grow from USD 2.0 billion in 2023 to USD 5.8 billion by 2028, at a compound annual growth rate (CAGR) of 23.5% during the forecast period.The key players Securitas Healthcare, LLC (US), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), Savi Technology (US), TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), Advantech Co., Ltd. (Taiwan), and GE HealthCare Technologies Inc. (US).
The industrial agitators market is expected to grow from USD 2.6 billion in 2023 to USD 3.2 billion by 2028, at a compound annual growth rate (CAGR) of 4.0 % during the forecast period.The key players such as SPX Flow, Inc. (US), Xylem Inc. (US),Ekato Group (Germany), Sulzer Ltd. (Switzerland) and NOV Inc (US).
The global 5G device testing market is expected to grow from USD 1.2 billion in 2023 to USD 1.7 billion by 2028, at a compound annual growth rate (CAGR) of 7.0%. during the forecast period.The Major players Anritsu (Japan), Rohde & Schwarz (Germany), Keysight Technologies (US), NATIONAL INSTRUMENTS CORP. (US), TEKTRONIX, INC. (US), Teradyne, Inc. (US), VIAVI Solutions Inc. (US), Artiza Networks, Inc. (US), EMITE (Spain), and EXFO (Canada) among others.
The global utility markers market is expected to grow from USD 341 million in 2023 to USD 471 million by 2028, at a compound annual growth rate (CAGR) of 6.7% during the forecast period.The key players 3M Company (US), Tempo Communications, Inc. (US), Komplex (Slovakia Hexatronic Group AB (Sweden), Radiodetection Ltd. (UK), Rycom Instruments, Inc. (US), Seton (US), Berntsen International, Inc. (US), and Trident Solutions (US).
The surface mount technology (SMT) market is expected to grow from USD 5.8 billion in 2023 to USD 8.4 billion by 2028, at a compound annual growth rate (CAGR) of 7.8% during the forecast period.The key players Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), Viscom AG (Germany), KLA Corporation (US), Juki Corporation (Japan), Hitachi High-Technologies Corporation (Japan), ASM Assembly Systems (Germany), Yamaha Motor (Japan), and Saki Corporation (Japan).
The IO-Link market is expected to grow from USD 13.6 billion in 2023 to USD 33.9 billion by 2028, at a compound annual growth rate (CAGR) of 20.0% during the forecast period.The Key Players Siemens AG (Germany), Rockwell Automation, Inc. (US); OMRON Corporation (Japan); Hans Turck GmbH & Co. KG (Germany); Balluff GmbH (Germany); ifm electronic GmbH (Germany); Pepperl+Fuchs (Germany); SICK AG (Germany); Festo SE & Co. KG (Germany); SMC Corporation (Japan).
The global AI in computer vision market is expected to grow from USD 17.2 billion in 2023 to USD 45.7 billion by 2028, at a compound annual growth rate (CAGR) of 21.5% during the forecast period.The Key Players NVIDIA Corporation (US), Intel Corporation (US), Microsoft (US), IBM Corporation (US), Qualcomm Technologies Inc. (US), Advanced Micro Devices, Inc (US), Alphabet, Inc. (US), Amazon (US), Basler AG (Germany), Hailo (US), and Groq, Inc. (US). The other company profiles included in the scope are Sighthound, Inc. (US), Neurala, Inc. (US), Datagen (Israel), Graphcore (UK), Groopic (US), Ultraleap (US), Algolux (US), Athena Security (US), Snorkel AI (US), Vizseek (US), Robotic Vision Technologies (US), AMP Robotics (US), CureMetrix (US), and Creative Virtual (UK) .
The global electronic shelf labels market is expected to grow from USD 1.5 billion in 2023 to USD 2.8 billion by 2028, at a compound annual growth rate (CAGR) of 13.8% during the forecast period.The key players such as SES-imagotag (France), SoluM Co., Ltd. (South Korea), Pricer AB (Sweden), Displaydata Limited (UK), Teraoka Seiko Co., Ltd. (DIGI Group) (Japan), M2COMM (Taiwan), Opticon Sensors Europe B.V. (Netherlands), RAINUS (South Korea), Shanghai SUNMI Technology Co., Ltd. (China), and Hanshow Technology (China).
The global exoskeleton market is expected to grow from USD 0.7 billion in 2023 to USD 3.7 billion by 2028, at a compound annual growth rate (CAGR) of 38.6% during the forecast period.The Major Players CYBERDYNE INC. (Japan), Lockheed Martin Corporation (US), Ottobock (Germany), Ekso Bionics (US), DIH Medical (China), Sarcos Technology and Robotics Corporation (US), BIONIK (US), and B-Temia (Canada).
The 3D metrology market is expected to grow from USD 11.2 billion in 2023 to USD 16.4 billion by 2028, at a compound annual growth rate (CAGR) of 8.0% during the forecast period.The major players Hexagon AB (Sweden), FARO Technologies, Inc. (US), Keyence Corporation (Japan), Jenoptik AG (Germany), Nikon Corporation (Japan), Mitutoyo Corporation (Japan), ZEISS Group (Germany), KLA Corporation (US), Perceptron, Inc. (US), Renishaw plc (UK), Creaform (Canada), Baker Hughes Company (US), CyberOptics Corporation (US), Trimble, Inc. (US), 3D Systems, Inc. (US), Automated Precision, Inc. (US), and Metrologic Group (France).
The photovoltaics (PV) market is expected to grow from USD 96.5 billion in 2023 to USD 155.5 billion by 2028, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.Tha Key players JinkoSolar (China), JA Solar (China), Trina Solar (China), LONGi (China), Canadian Solar (Canada), First Solar (US), Hanwha Q CELLS (South Korea), Wuxi Suntech Power (China), Sharp (Japan), Mitsubishi Electric (Japan), ABB (Switzerland), Huawei (China), SMA Solar Technology (Germany), Sungrow Power Supply (China). Array Technologies (US), Chint Solar (China), GCL System Integration Technology (China), NEXTracker (US), Risen Energy (China), Tongwei Solar (China), Eaton Corp. (Ireland), LG Electronics (South Korea), Power Electronics (Spain), Fimer (Italy), AllEarth Renewables (US), Emmvee Photovoltaic Power Private Limited (India), ShunFeng International Clean Energy (China), Waaree Energies Ltd. (India) and Yingli Solar (China).
The data converter market is expected to grow from USD 5.5 Billion in 2023 to USD 7.4 Billion by 2028, at a compound annual growth rate (CAGR) of 6.0% during the forecast period.The key players Texas Instruments (US), Analog Devices (US), Skyworks Solutions, Inc. (US), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Qorvo, Inc. (US), NXP Semiconductor (Netherlands), ON Semiconductor (US), Microchip Technology (US), Renesas Electronics Corporation (Japan).
The global thin client market is expected to reach USD 1.7 billion by 2028 from an estimated USD 1.5 billion in 2023, growing at a CAGR of 3.1% during the forecast period from 2023 to 2028. The major players in the thin client market are HP (US), Dell Technologies (US), Centerm (China), IGEL (Germany), and Fujitsu (Japan), among others. The other companies profiled in the report are NComputing (US), Samsung (South Korea), LG Electronics (South Korea), Advantech Co., Ltd. (Taiwan), Lenovo (Hong Kong), Acer (Taiwan), Intel (US), 10ZiG (US), Siemens (Germany), Chip PC (Israel), Clearcube Technology (UK), VXL Technology (UK), Stratodesk Corp (US), OnLogic (US), Clientron Corp. (Taiwan), Arista Corporation (US), Thinvent (India), Seal Technologies (India), Atrust (Taiwan) and, Praim (Italy).
The global surface inspection market is expected to grow from USD 4.0 billion in 2023 to USD 5.9 billion by 2028, at a compound annual growth rate (CAGR) of 7.8% during the forecast period.The Key players ISRA VISION (Germany), Cognex (US), OMRON (Japan), Teledyne Technologies (US), and Keyence (Japan).
The industrial ethernet market is expected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, at a compound annual growth rate (CAGR) of 7.5% during the forecast period.The Key Players Cisco (US), Siemens (Germany), Rockwell Automation (US), OMRON (Japan), Moxa (Taiwan), Belden( US), Huawei Technologies (China), SICK (Germany), Schneider Electric (France), and ABB (Switzerland), GE Grid Solutions (France), Advantech (Taiwan), HMS Networks (Sweden), IFM Electronics (Germany), Weidmuller (Germany), Patton (US), Beckhoff Automation (Germany), Honeywell (US), AAEON (Taiwan), Turck (Germany), Bosch Rexroth (Germany), Hitachi (Japan), Ericsson (Sweden), Mitsubishi Electric (Japan) and Chaos Prime (US).
The global thermal management market is expected to grow from USD 10.7 billion in 2022 to USD 19.3 billion by 2028, at a compound annual growth rate (CAGR) of 9.7% during the forecast period.The Key Players Henkel (Germany), Honeywell International Inc. (US), Vertiv Co (US), Delta Electronics, Inc. (Taiwan), Parker Chomerics (US), TAT Technologies Ltd. (Israel), Autoneum Holding AG (Switzerland), Boyd (US), European Thermodynamics Ltd. (UK), and Laird Thermal Systems (US).
The global focused ion beam market is expected to grow from USD 1.3 billion in 2023 to USD 1.8 billion by 2028, at a compound annual growth rate (CAGR) of 7.0% during the forecast period.The Key Players Thermo Fisher Scientific Inc. (US); ZEISS International (Germany); Hitachi, Ltd. (Japan); JEOL Ltd. (Japan); TESCAN ORSAY HOLDING, a.s. (Czech Republic); Eurofins Scientific (Luxembourg); A&D Company, Limited (Japan); Veeco Instruments Inc. (US); Raith GmbH (Germany); and FOCUS GmbH (Germany).
The global hardware encryption market is expected to grow from USD 271 million in 2021 to USD 357 million by 2027, at a compound annual growth rate (CAGR) of 4.8% during the forecast period.The Key Players Western Digital Technologies, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Micron Technology, Inc. (US), Kingston Technology Corporation (US), Seagate Technology Holdings PLC (US), NetApp, Inc. (US), KIOXIA Holdings Corporation (Japan), Kanguru Solutions (US), Intel Corporation (US), WinMagic Inc. (Canada), Maxim Integrated Products, Inc. (US), Thales e-Security, Inc. (US), McAfee, LLC (US), Broadcom Inc. (US).
The iris recognition market is expected to grow from USD 3.7 billion in 2022 to USD 8.4 billion by 2027, at a compound annual growth rate (CAGR) of 15.4% during the forecast period.The Key Players Thales (France), IDEMIA (France), HID Global Corporation (US), Iris ID, Inc. (US), IriTech, Inc. (US), IrisGuard Ltd. (UK), EyeLock LLC (US), NEC Corporation (Japan), Princeton Identity (US), and CMITech Company, Ltd. (Korea).
The smart container market is expected to grow from USD 3.9 billion in 2022 to USD 9.7 billion by 2027, at a compound annual growth rate (CAGR) of 19.6% during the forecast period.The Major Players MSC (US), Sealand – A Maersk Company (US), Globe Tracker (Denmark), Traxens (France), ORBCOMM (US), Shenzhen CIMC Technology Co., Ltd. (China), and Berlinger & Co. ApS (Switzerland).
The global milking automation market is expected to grow from USD 1.0 Billion in 2022 to USD 1.5 Billion by 2027, at a compound annual growth rate (CAGR) of 7.4% during the forecast period.The Key Players DeLaval (Sweden), Afimilk Ltd. (Israel), GEA Group (Germany), Nedap N.V. (Netherlands), Allflex Livestock Intelligence (US), BouMatic (US), Waikato Milking Systems (New Zealand), Dairymaster (Ireland), and BECO Dairy Automation Inc. (US).
The global outdoor LED lighting market is expected to grow from USD 25.7 billion in 2022 to USD 51.5 billion by 2027, at a compound annual growth rate (CAGR) of 14.9% during the forecast period.The Key Players Signify Holding (Netherlands), Acuity Brands Lighting, Inc. (US), Cree Lighting (US), Dialight (UK), and Panasonic Corporation (Japan).
The DOAS market is expected to grow from USD 3.9 billion in 2022 to USD 5.9 billion by 2027, at a compound annual growth rate (CAGR) of 8.8% during the forecast period.The Key Players Johnson Controls (Ireland), Trane Technologies (Ireland), Carrier Global (US), Daikin (Japan), Mitsubishi Electric (Japan), LG Electronics (South Korea), Samsung Electronics (South Korea), and Greenheck Fan (US).
The utility locator market is expected to grow from USD 833 million in 2022 to USD 1,109 million in 2027, at a compound annual growth rate (CAGR) of 5.9% during the forecast period.The Key Players Rigid tool company (US), Ditch Witch (The Charles Machine works) (US), Leica Geosystems AG (US), Vivax-Metrotech Corporation (US), 3M(US), USIC LLC (US), MultiVIEW Locates Inc. (Canada), and Ground penetrating radar (US).
The cryostat market is expected to grow from USD 2.2 billion in 2022 to USD 2.8 billion by 2027, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The Key Players Leica Biosystems (Germany), Cryomech Inc. (US), Amos Scientific (Australia), MEDITE (Germany), Bright Instruments (UK), Dakewe Medical (China), Jinhua YIDI Medical Appliance Co., Ltd. (China), SLEE Medical GmbH (Germany), Advanced Research Systems (US), Lake Shore Cryotronics (US), Epredia (US), SM Scientific Instruments (India), Medimeas (India), Hacker Instruments & Industries (US), Boeckeler Instruments Inc. (US), Histo-line Laboratories (Italy), Lupetec (Brazil), SciLab Co. Ltd. (France), Cryofab, Inc. (US), Precision Cryogenics (US), attocube systems AG (Germany), AMETEK Scientific Instruments (US), Mirion Technologies (Georgia), BIOBASE (Germany), and Sipcon Instrument Industries (India).
The LiDAR Drone market is expected to grow from USD 147 million in 2022 to USD 508 million in 2027, at a compound annual growth rate (CAGR) of 22.9% during the forecast period.The prominent players Phoenix LiDAR Systems (US), Teledyne Optech (Canada), Velodyne LiDAR, Inc. (US), and Geodetics, Inc. (US).
The inductor market is expected to grow from USD 5.1 billion in 2022 to USD 7.0 billion by 2027, at a compound annual growth rate (CAGR) of 6.6% during the forecast period.The Key players Murata Manufacturing (Japan), TDK (Japan), Vishay Intertechnology (US), TAIYO YUDEN (Japan), Chilisin Electronics (Taiwan), Delta Electronics (Taiwan), Panasonic (Japan), ABC Taiwan Electronics (Taiwan), Pulse Electronics (US), Coilcraft (US), Shenzhen Sunlord Electronics (China), Bourns (US). Apart from these, Sumida (Japan), ICE Components (US), Bel Fuse (France), Falco Electronics (Mexico), GCi Technologies (US), Würth Elektronik (Germany), Kyocera AVX (US), Samsung Electro-Mechanics (South Korea), Inductor Supply Inc. (US), Gowanda Electronics (US), Token Electronics (Taiwan), TT Electronics (UK), Laird Technologies (US), Johanson Technology (US), Zhenhua Electronics (China).
The global video encoders market is expected to grow from USD 2.3 billion in 2022 to USD 3.3 billion by 2027, at a compound annual growth rate (CAGR) of 7.6% during the forecast period.The Major Players Hikvision (China), VITEC (France), Harmonic (US), Motorola Solutions (US), and CISCO (US).
The terminal block market is expected to grow from USD 3.9 billion in 2022 to USD 5.2 billion by 2027, at a CAGR of 5.7% during the forecast period. Major companies operating in this terminal block market include WAGO Kontakttechnik GmbH & Co. KG (Germany), TE Connectivity (Switzerland), and Weidmüller Interface GmbH & Co. KG (Germany).
The global intelligent power module market size is projected to reach USD 3.0 billion by 2027, at a CAGR of 10.7% during the forecast period. Mitsubishi Electric (Japan), ON Semiconductor(US), Infineon Technologies(Germany), Fuji Electric(Japan), and Semikron (Germany) are the top five players in the intelligent power module market globally.
The Ground Penetrating Radar Market is expected to grow from USD 315 million in 2022 to USD 453 million by 2027, at a CAGR of 7.5% during the forecast period. The Major Player includes Hexagon AB (Sweden), SPX Corporation (US), Geophysical Survey Systems, Inc. (US), Guideline Geo (Sweden), and Chemring Group PLC (UK).
According to MarketsandMarkets, the thermoelectric modules market is projected to reach USD 1,054 million by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period. Major vendors in the thermoelectric modules market include Ferrotec (Japan), Laird Thermal Systems (US), II-VI Incorporated (US), Kelk (Japan), Guangdong Fuxin Technology (China), TE Technology (US), TEC Microsystems (Germany), Crystal (Russia), Kryotherm (Russia), and Phononic (US).
The European smart home market size is projected to reach USD 41.2 billion by 2027, at a market growth of 9.0% during the forecast period. The European smart home market is dominated by a few globally established players such as Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden).
The MMIC market is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 11.9% during the forecast period. Some of the key companies in the MMIC market are Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), MACOM Technology Solutions Holdings, Inc. (US), Qorvo, Inc. (US), Skyworks Solutions, inc. (US), Infineon Technologies AG (Germany), Mini-Circuits (US), OMMIC (France), WIN Semiconductors Corp. (Taiwan), United Monolithic Semiconductors (UMS) (France), ON Semiconductor Corporation (onsemi) (US), Microarray Technologies Corporation Limited (China), VectraWave (France), BeRex Co., Ltd. (South Korea), Wolfspeed, Inc. (US), MicroWave Technology, Inc. (MwT) (US), ASB Inc. (South Korea), Texas Instruments (US), Northrop Grumman Corporation (US), Toshiba Infrastructure Systems and Solutions Corporation (Japan), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), and Arralis (Ireland) are the major players operating in the MMIC market.