The semiconductor and electronics industry reported constant growth from the time it came into being, approximately 40 years ago, until the economic crisis in 2009. The industry was able to cope from short term economic challenges, such as the bursti ....see more
The global level sensors market is expected to grow from USD 5.56 billion in 2024 to USD 7.64 billion in 2029, at a compound annual growth rate (CAGR) of 6.5% during the forecast period.The key players ABB (Switzerland), Emerson Electric Co. (US), AMETEK.Inc. (US), Siemens (Germany), and Honeywell International Inc. (US).
The global steam trap market is expected to grow from USD 4.57 billion by 2024 to USD 5.57 billion by 2029, at a compound annual growth rate (CAGR) of 4.1% during the forecast period.The key players Spirax Group plc (UK), Emerson Electric Co. (US), Thermax Limited (India), SLB (US), Velan Inc. (Canada), Watts (US), Armstrong International Inc. (US), TLV CO., LTD. (Japan), Forbes Marshall (India), Xylem (US).
The global refrigeration coolers market is projected to reach USD 5.74 billion by 2029, registering a CAGR of 6.5% during the forecast period. The refrigeration coolers market includes significant Tier I and II players such Johnsons Controls (Ireland), Lennox International (US), Lu-Ve Group(Italy), Rivacold (Italy),Kelvion Holding GmBH (Germany), Modine Manufacturing (US) and Copeland (US), among others.
The neuromorphic computing market is expected to grow from USD 28.5 million in 2024 to USD 1,325.2 million by 2030, at a compound annual growth rate (CAGR) of 89.7% during the forecast period.The key players Intel Corporation (US), IBM (US), Qualcomm Technologies, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), BrainChip, Inc. (Australia), SynSense (China), MediaTek Inc. (Taiwan), NXP Semiconductors (Netherlands), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), OMNIVISION (US).
The power electronics software market is expected to grow from USD 3.33 billion in 2025 to USD 5.25 billion by 2030, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.The key players MathWorks, Inc. (US), Keysight Technologies (US), Cadence Design Systems, Inc. (US), Synopsys, Inc. (US), Altair Engineering Inc. (US), NATIONAL INSTRUMENTS CORP. (US), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), dSPACE GmbH (Germany), and Siemens (Germany), Analog Devices, Inc. (US), Sidelinesoft, LLC (US), AESIM.tech (Canada), Plexim GmbH (Switzerland), Manitoba Hydro International Ltd. (Canada), Imperix power electronics (Switzerland), Typhoon HIL, Inc. (US), Mirabilis Design Inc. (US), Power Smart Control (Spain), COMSOL (Sweden), Speedgoat GmbH (Switzerland), Siemens (Germany), RTDS Technologies Inc (Canada), Powersys (France), AVL (Austria).
Semiconductor Industry Outlook is expected to grow from USD 628 billion in the year 2024 to USD 707 billion in the year 2025, at a compound annual growth rate (CAGR) of 12.5 %. during the forecast period. The key players NVIDIA Corporation (US), Apple Inc. (US), Intel Corporation (US), Advanced Micro Devices, Inc. (US), SAMSUNG (South Korea), Qualcomm (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), MediaTek Inc. (Taiwan), Texas Instruments Incorporated (US), Broadcom Inc. (US), Micron Technology, Inc. (US), SK Hynix Inc. (South Korea).
The livestock identification market is expected to grow from USD 1.74 billion in 2025 to USD 2.78 billion by 2031, at a compound annual growth rate (CAGR) of 8.1% during the forecast period.The key Players Merck & Co., Inc. (US), Datamars (Switzerland), Nedap N.V. (Netherlands), MS Schippers (Netherlands), Shearwell Data Ltd. (UK), Leader Products (Australia), CAISLEY International GmbH (Germany), Kupsan Tag Company Ltd. (Turkey), Luoyang Laipson Information Technology Co., Ltd. (China), OMNIA Technologies, Inc. (India).
The global fiber optic components market is expected to grow from USD 36.69 billion in 2025 to USD 58.65 billion by 2030, at a compound annual growth rate (CAGR) of 9.8% during the forecast period.The key players Coherent Corporation (US), Lumentum Holdings Inc. (US), Broadcom Inc. (US), Sumitomo Electric Industries (Japan), Accelink Technologies (China), Amphenol Corporation (US), Acacia Communications, Inc. (US), EMCORE Corporation (US), Fujitsu Optical Components (Japan), and Furukawa Electric (Japan).
The livestock monitoring market is expected to grow from USD 1.65 billion in 2025 to USD 2.57 billion by 2031, at a compound annual growth rate (CAGR) of 7.7% during the forecast period. The key players Merck & Co., Inc. (US), GEA Group (Germany), DeLaval (Sweden), Nedap N.V. (Netherlands), Afimilk Ltd. (Israel), BouMatic (US), Datamars (Switzerland), ENGS Systems (Israel), CowManager (Netherlands), and Dairymaster (Ireland).
The global monolithic microwave IC market is expected to grow from USD 14.53 billion in 2025 to USD 23.91 billion by 2030, at a compound annual growth rate (CAGR) of 10.5% during the forecast period. The key players Qorvo, Inc. (US), MACOM (US), Skyworks Solutions, Inc. (US), NXP Semiconductors (Netherlands), Analog Devices, Inc. (US), Infineon Technologies AG (Germany), WIN Semiconductors (China), United Monolithic Semiconductors (France), Mini-Circuits (US), Keysight Technologies (US), VECTRAWAVE (France), BeRex (South Korea), Reliasat (UK), Semiconductor Components Industries, LLC (US), and MicroWave Technology, Inc. (US).
The global automated storage & retrieval system market is expected to grow from USD 9.86 billion in 2025 to USD 14.80 billion in 2030, at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The key players TGW Logistics Group (Austria), Kardex (Switzerland), Daifuku Co., Ltd. (Japan), Murata Manufacturing Co., Ltd. (Japan), SSI SCHAEFER (Germany).
The global humidity sensor market is expected to grow from USD 3.44 billion in 2025 to USD 4.64 billion by 2030, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.The key players in the Amphenol Advanced Sensors (Subsidiary of Amphenol Corporation) (US), Honeywell International Inc. (US), Texas Instruments Incorporated (US), Setra Systems (US), Sensirion AG (Switzerland), TE Connectivity (Ireland), Siemens (Germany), Teracom (Sweden), Bosch Sensortec GmbH (Subsidiary of Robert Bosch GmbH) (US), Schneider Electric (France), and Renesas Electronics Corporation. (Japan).
The global smart glass market is expected to grow from USD 6.42 billion in 2025 to USD 10.42 billion in 2030, at a compound annual growth rate (CAGR) of 10.2% during the forecast period. The key players Saint Gobain (France), AGC Inc. (Japan), Gentex Corporation (US), Corning Incorporated (US), Nippon Sheet Glass Co Ltd (Japan), View Inc (US), Guazy Ltd and Entities (Israel), Xinyi Glass Holdings Limited (China), Research Frontiers (US), Diamond Switchable Glass Ltd (Ireland).
The global position sensor market is expected to grow from USD 13.25 billion in 2025 to USD 19.02 billion in 2030, at a compound annual growth rate (CAGR) of 7.5% during the forecast period.The key players Honeywell International Inc. (US), TDK Corporation (Japan), STMicroelectronics (Switzerland), Amphenol Corporation (US), SICK AG (Germany), Sensata Technologies, Inc. (US), TE Connectivity (Ireland), Texas Instruments Incorporated (US), ams-OSRAM AG (Austria), Analog Devices, Inc. (US), CTS Corporation (US), Infineon Technologies AG (Germany), Microchip Technology Inc. (US), Vishay Intertechnology, Inc. (US), and Novotechnik U.S. Inc. (US) .
The global smart manufacturing market is expected to grow from USD 233.33 billion by 2024 to USD 479.17 billion by 2029, at a compound annual growth rate (CAGR) of 15.5% during the forecast period.The key players 3D Systems, Inc. (US), ABB (Switzerland), Cisco Systems, Inc. (US), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc.(US), and IBM (US).
The global data center containment market is expected to grow from USD 2.1 billion in 2024 to USD 3.6 billion by 2029, at a compound annual growth rate (CAGR) of 11.8% during the forecast period.The key players Vertiv Group Corp (US), Rittal GmbH & Co. KG (Germany), Eaton (Ireland), nVent (UK), Legrand (France), Schneider Electric (France), Sealco (US), Maysteel (US), Tate (US), Polargy, Inc. (US).
The global Aerospace testing market is expected to grow from USD 5.50 billion in 2025 to USD 6.91 billion by 2030, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.The key players Element Materials Technology (UK), SGS SA (Switzerland), Intertek Group plc (UK), Applus+ (Spain), TÜV SÜD (Germany), TÜV Rheinland (Germany), TÜV NORD Group (Germany), Rohde & Schwarz (Germany), Eurofins Scientific (Luxembourg), The Boeing Company (US), Airbus (Netherlands), MISTRAS Group (US), Lockheed Martin Corporation (US), Bureau Veritas (France), and DEKRA (Germany).
The global diffractive optical element market is expected to grow from USD 220.9 million in 2024 to USD 388.7 million in 2030, at a compound annual growth rate (CAGR) of 9.9% during the forecast period.The key players Zeiss Group (Germany), AGC Inc (Japan), Cohernet Corp (US), Jenoptik (Germany), HOLO/OR Ltd (Israel), Broadcom (US), Nalux Co., Ltd (Japan), Holoeye Photonics AG (Germany), Nissei Technology Corp (Japan), Sintec Optronics Ltd (Singapore).
The global industrial control & factory automation market is expected to grow from USD 255.88 billion by 2024 to USD 399.12 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% during the forecast period.The key players ABB (Switzerland), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), and Siemens (Germany).
The European smart home market is expected to grow from USD 24.74 billion in 2025 to USD 36.12 billion by 2030, at a compound annual growth rate (CAGR) of 7.9% during the forecast period. The Key Players Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Amazon.com, Inc. (US), Apple Inc. (US), Resideo Technologies Inc. (US), Robert Bosch (Germany), and ABB (Switzerland).
The System-on-Chip (SoC) market size is expected to grow from USD 138.46 billion in 2024 to USD 205.97 billion by 2029, at a compound annual growth rate (CAGR) of 8.3% during the forecast period.The kay players Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Samsung (South Korea), Apple Inc. (US), Broadcom (US), Intel Corporation (US), Advanced Micro Devices, Inc. (US), NVIDIA Corporation (US), HiSilicon (China), Microchip Technology Inc. (US).
The global industrial cybersecurity market is expected to grow from USD 84.54 billion in 2024 to USD 135.11 billion by 2029, at a compound annual growth rate (CAGR) of 9.8% during the forecast period.The key players Microsoft (US), IBM (US), Palo Alto Networks (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Fortinet, Inc. (US), and Musarubra US LLC (Trellix) (US).
The growth of the power electronics testing market is expected to grow from USD 5.74 billion in 2024 to USD 9.32 billion by 2029, at a compound annual growth rate (CAGR) of 10.2% during the forecast period.The key players SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Advantest Corporation (Japan), Teradyne Inc., (US), DEKRA (Germany), TÜV SÜD (Germany), National Instruments Corp. (US), TÜV RHEINLAND (Germany), TÜV NORD Group (Germany), and UL LLC (US), Cohu, Inc. (US), Rohde & Schwarz (Germany), Keysight Technologies (US), and Chroma ATE Inc. (Taiwan).
The global retimer market is expected to grow from USD 613.6 million in 2024 to USD 1,022.2 million by 2029, at a compound annual growth rate (CAGR) of 10.7%. during the forecast period.The key players Astera Labs, Inc. (US), Broadcom (US), Marvell (US), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), Parade Technologies, Ltd. (Taiwan), Intel Corporation (US), Diodes Incorporated (US), Microchip Technology Inc. (US), Montage Technology (China), Rambus (US), Semtech Corporation (US), Phison Electronics (Taiwan), Nuvoton Technology Corporation (Taiwan) and Kandou Bus SA (Switzerland).
The global Industrial Valve market is expected to grow from USD 95.58 billion by 2024 to USD 121.67 billion by 2029, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The key players include Emerson Electric Co. (US), SLB (US), Flowserve Corporation (US), IMI (UK), and Crane Company.
The global AI vision market is expected to grow from USD 14.85 billion in 2024 to USD 43.02 billion in 2029, at a compound annual growth rate (CAGR) of 23.7% during the forecast period.The key players NVIDIA Corporation (US), Microsoft Corporation (US), Intel Corporation (US), Alphabet Inc. (US), Amazon.com, Inc. (US), IBM (US), Oracle (US), Cognex Corporation (US), Qualcomm Technologies, Inc. (US), STMicroelectronics (Switzerland).
The global access control as a service market is expected to grow from USD 1.34 billion in 2024 to USD 3.06 billion by 2029, at a compound annual growth rate (CAGR) of 17.9% during the forecast period.The key players are Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Thales (France), ASSA ABLOY Group (Sweden), dormakaba Group (Switzerland), Identiv, Inc. (US), Kastle Systems (US), AMAG (US), Brivo Systems, LLC. (US), and Cloudastructure Inc. (US).
Industrial Robotics, collaborative robots, and humanoid robots are expected to lead the future of robotics. Industrial Robotics Market is expected to reach ~USD 35 billion by 2030 from ~USD 17 billion in 2024, growing at a CAGR of ~14%. Collaborative Robot Market is expected to reach ~USD 12 billion in 2030 from ~USD 2 billion, growing at a CAGR of ~35%. Humanoid Robots Market is expected to reach ~ USD 18 billion by 2030 from ~USD 2 billion in 2024, growing at a CAGR of ~40%.The future of robotics is set to revolutionize industries and everyday life, driven by rapid technological advancements. As robots become more intelligent and efficient, they will play a central role in increasing productivity, improving safety, and enhancing precision across various sectors.
The RFID market is expected to grow from USD 12.61 billion in 2025 to USD 25.24 billion by 2033, at a compound annual growth rate (CAGR) of 9.1% during the forecast period.The key players Zebra Technologies Corp. (US), Avery Dennison Corporation (US), Honeywell International Inc. (US), HID Global Corporation (US), Datalogic S.p.A. (Italy), Impinj, Inc. (US), GAO RFID Inc. (Canada), Alien Technology LLC (US), CAEN RFID S.r.l. (Italy), and Xemelgo, Inc. (US).
The asset management system market is expected to grow from USD 17.64 billion in 2025 to USD 26.41 billion by 2030, at a compound annual growth rate (CAGR) of 8.4% during the forecast period.The key players Zebra Technologies Corp. (US), Honeywell International, Inc. (US), Siemens AG (Germany), Trimble Inc. (US), Motorola Solutions (US), TrackX Inc. (US), Checkpoint Systems (US), Impinj, Inc. (US, Datalogic S.p.A. (Italy), Infor Inc (US), GE Healthcare (US).
The gas sensor market is expected to grow from USD 1,621.9 million in 2024 to USD 3,137.4 million by 2032, at a compound annual growth rate (CAGR) of 8.6% during the forecast period.The key players Honeywell International Inc. (US), MSA (US), Amphenol Corporation (US), Figaro Engineering Inc. (Japan), Alphasense Inc. (UK), Sensirion AG (Switzerland), Process Sensing Technologies (UK), ams-OSRAM AG (Austria), Membrapor (Switzerland), Senseair (US), Nissha Co., Ltd. (Japan), Fuji Electric Co., Ltd. (Japan), Renesas Electronics Corporation (Japan), Danfoss (Denmark), Gasera (Finland), and Infineon Technologies AG (Germany).
The global piezoelectric devices market is expected to grow from USD 35.59 billion in 2024 to USD 55.49 billion by 2030, at a compound annual growth rate (CAGR) of 7.7% during the forecast period.The key players CeramTec GmbH (Germany), CTS Corporation (US), Kistler Group (Switzerland), Physik Instrumente (PI) SE & Co. KG. (US), Aerotech (US), Piezosystem jena (Germany), KEMET Corporation (US), Piezo Technologies (US), APC International, Ltd. (US), Mad City Labs, Inc (US), TE Connectivity (Switzerland), Mide Technology Corp (US), Omega Piezo Technologies (US) , PCB Piezotronics, Inc. (US), and PiezoMotor (Sweden).
The AI in video surveillance market is expected to grow from USD 3.90 billion in 2024 to USD 12.46 billion by 2030, at a compound annual growth rate (CAGR) of 21.3% during the forecast period.The key players Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Motorola Solutions, Inc. (US), Milestone Systems A/S (Denmark), SenseTime (Hong Kong), Irisity (Sweden), NEC Corporation (Japan), Axis Communications AB (Sweden), Genetec Inc. (Canada), Hanwha Vision Co., Ltd., (South Korea), BriefCam (US), MOBOTIX AG (Germany), Teledyne Technologies Incorporated (US), Honeywell International Inc. (US), VIVOTEK Inc. (Taiwan), Verkada Inc. (US), Morphean SA (Switzerland), Bosch Sicherheitssysteme Gmbh (US), i-PRO (Japan), Camcloud (Canada), Ivideon (Russia), Hakimo, Inc. (US), promiseQ Gmbh (Germany), Rhombus Systems (US), Umbo Computer Vision Inc. (US) .
The global autonomous mobile robots market is expected to grow from USD 2.25 billion in 2025 to USD 4.56 billion in 2030, at a compound annual growth rate (CAGR) of 15.1% during the forecast period.The key players ABB (Switzerland), KUKA AG (Germany), OMRON Corporation (Japan), Geekplus Technology Co., Ltd. (China), and Mobile Industrial Robots (Denmark).
The global flow battery market is expected to grow from USD 0.34 billion by 2024 to USD 1.18 billion by 2030, at a compound annual growth rate (CAGR) of 23.0% during the forecast period.The key players Infinite Energy Systems (UK), Sumitomo Electric Industries, Ltd. (Japan), VRB Energy (Canada), Enerox GmbH (Austria), Elestor (The Netherlands), ESS Tech, Inc. (US), Largo Inc. (Canada), Lockheed Martin Corporation (US), and Primus Power (US).
The global Al in computer vision market is expected to grow from USD 23.42 billion in 2025 to USD 63.48 billion in 2030, at a compound annual growth rate (CAGR) of 22.1% during the forecast period.The key players NVIDIA Corporation (US), Microsoft Corporation (US), Intel Corporation (US), Alphabet Inc. (US), Amazon.com, Inc. (US), Cognex Corporation (US), Qualcomm Technologies, Inc. (US), Sony Group Corporation (Japan), OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), SICK AG (Germany), Teledyne Technologies (US), Texas Instruments Incorporated (US), Basler AG (Germany), Hailo Technologies Ltd. (Israel).
The global data center chip market is expected to grow from USD 206.96 billion in 2025 to USD 390.65 billion by 2030, at a compound annual growth rate (CAGR) of 13.5% during the forecast period.The key players AMD (US), Intel Corporation (US), NVIDIA Corporation(US), AWS (US), Google (US), Samsung (South Korea), SK HYNIX Inc. (South Korea), Alibaba (China), Micron Technology (US), Monolithic Power Systems, Inc. (US).
The EUV lithography market is expected to grow from USD 12.18 billion in 2024 to USD 22.69 billion by 2029, at a compound annual growth rate (CAGR) of 13.2% during the forecast period.The key players ASML (Netherlands), Carl Zeiss AG (Germany), NTT Advanced Technology Corporation (Japan), KLA Corporation (US), ADVANTEST CORPORATION (Japan), Ushio Inc. (Japan), SUSS MicroTec SE (Germany), AGC Inc. (Japan), Lasertec Corporation (Japan), TOPPAN Inc. (Japan), Energetiq Technology, Inc. (Japan), NuFlare Technology Inc. (US), Photronics, Inc. (Japan), HOYA Corporation (Japan), TRUMPF (Germany), Rigaku Holdings Corporation (Japan), Edmund Optics Inc. (US), Imagine Optic (France), Applied Materials, Inc. (US), Park Systems (South Koria), EUV Tech (US), Mloptic Crop. (China), MKS Instruments (US), Brooks Automation (US), and Pfeiffer Vacuum GmbH (Germany).
The global EMI shielding market is expected to grow from USD 7.34 billion in 2024 to USD 9.69 billion in 2029, at a compound annual growth rate (CAGR) of 5.7% during the forecast period.The key players Parker Hannifin Corp (US), PPG Industries Inc (US), 3M (US), Henkel AG & CO. KGAA (Germany), Laird Technologies, Inc. (US), Leader Tech Inc.(US), MG Chemicals (Canada), Nolato AB (Sweden), Tech Etch, Inc. (US), RTP Company (US).
The global tunable diode laser analyzer (TDLA) market is expected to grow from USD 546.2 million in 2024 to USD 884.4 million by 2031, at a compound annual growth rate (CAGR) of 7.1% during the forecast period.The key players Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), Spectris (UK), AMETEK.Inc. (US), METTLER TOLEDO (US), Endress+Hauser Group Services AG (Switzerland), ABB (Switzerland), SICK AG (Germany), Siemens (Germany), SENSIT Technologies (US), Pergam-Suisse AG (Switzerland), Tokyo Gas Engineering Solutions Corporation (Japan), Heath Consultants Incorporated (US), Hanwei Electronics Group Corporation (China), and Baker Hughes Company (US).
The extended reality market is expected to grow from USD 24.42 billion in 2024 to USD 84.86 billion by 2029, at a compound annual growth rate (CAGR) of 28.3% during the forecast period. The key players Meta Platform Inc. (US), Microsoft (US), Sony Group Corp. (Japan), Apple Inc. (US), Google (US), HTC Corp (Taiwan), PTC Inc. (US), Seiko Epson Corporation (Japan), Qualcomm Technologies Inc. (US), Samsung Electronics Co. Ltd (South Korea), Lenovo Group Ltd. (China).
The Smart Agriculture market is expected to grow from USD 14.40 billion in 2024 to USD 23.38 billion by 2029, at a compound annual growth rate (CAGR) of 10.2% during the forecast period. The key players Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Topcon (US), DeLaval (Sweden), AKVA Group (Norway), Innovasea Systems Inc. (US), Afimilk Ltd. (Israel), Heliospectra (Sweden).
The AI server market is expected to grow from USD 142.88 billion in 2024 to USD 837.83 billion by 2030, at a compound annual growth rate (CAGR) of 34.3% during the forecast period. The key players Dell Inc. (US), Hewlett Packard Enterprise Development LP (US), Lenovo (Hong Kong), Huawei Technologies Co., Ltd. (China), IBM (US), H3C Technologies Co., Ltd. (China), Cisco Systems, Inc. (US), Super Micro Computer, Inc. (US), Fujitsu (Japan), INSPUR Co., Ltd. (China).
The global industrial agitators market is expected to grow from USD 3.10 billion in 2024 to USD 3.99 billion by 2029, at a compound annual growth rate (CAGR) of 5.2% during the forecast period.The key players SPX Flow, Inc. (US), Xylem Inc. (US), Ekato Group (Germany), Sulzer Ltd. (Switzerland) and NOV Inc (US).
The global pharmaceutical manufacturing equipment market is expected to grow from USD 19.41 billion in 2024 to USD 26.94 billion in 2029, at a compound annual growth rate (CAGR) of 6.8% during the forecast period. The kay players GEA Group Aktiengesellschaft (Germany), I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy), Syntegon Technology GmbH (Germany), Romaco Group (Germany), ACG (India), Körber AG (Germany), Thermo Fisher Scientific Inc. (US), Marchesini Group (Italy), MG2 s.r.l (Italy), Glatt GmbH (Germany).
The service robotics market is expected to grow from USD 47.10 billion in 2024 to USD 98.65 billion by 2029, at a compound annual growth rate (CAGR) of 15.9% during the forecast period. The key players Intuitive Surgical Operations, Inc. (US), DJI (China), Daifuku Co., Ltd. (Japan), JD.com, Inc. (China), and iRobot Corporation (US).
The global functional safety market is expected to grow from USD 5,883.4 million by 2024 to USD 7,896.7 million by 2029, at a compound annual growth rate (CAGR) of 6.1% during the forecast period.The key players Schneider Electric (France), ABB (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation (US), Yokogawa Electric Corporation (Japan), HIMA (Germany), Omron Corporation (Japan), Siemens (Germany), and General Electric (US).
The future of manufacturing is rapidly evolving with a focus on a human-centric approach, integrating AI, robotics, and automation to boost productivity while prioritizing workers’ well-being. Sustainability is crucial, with factories adopting renewable energy, zero-waste practices, and eco-friendly materials. Customization is transforming production by utilizing flexible systems that enable mass personalization. The future of manufacturing will be led by AI, digital twins, and collaborative robots. The AI in manufacturing market is projected to reach ~USD 46 billion by 2030, growing at a CAGR of 47%, while the digital twin market is expected to hit ~USD 150 billion, at a CAGR of ~60%. The collaborative robot market is predicted to reach ~USD 12 billion at a CAGR of ~35% during 2025–2030.
The electronic shelf labels market is expected to grow from USD 2.34 billion in 2024 to USD 4.18 billion by 2029, at a compound annual growth rate (CAGR) of 12.3% during the forecast period.The key players VusionGroup (France), SOLUM (South Korea), Pricer (Sweden), Displaydata Ltd. (UK), Teraoka Seiko Co., Ltd. (Japan), M2COMM (Taiwan), Opticon (Netherlands), PARTRON ESL (South Korea), Shanghai SUNMI Technology Co., Ltd. (China), Hanshow (China), Dalian Sertag Technology Co., Ltd. (China).
The global 3D metrology market is expected to grow from USD 11.13 billion in 2024 to USD 15.01 billion by 2029, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.The key players Hexagon AB (Sweden), ZEISS Group (Germany), FARO (US), Mitutoyo Corporation (Japan), KEYENCE CORPORATION (Japan), KLA Corporation (US), Renishaw plc (UK), and Nikon Corporation (Japan).