Optoelectronic components are electronic components that respond to light
Optoelectronic components are widely being used in sectors such as residential and commercial, consumer electronics, industrial, healthcare, telecommunication, automotive and aerospace and defense. The growth of this market is being propelled by the increasing application of optoelectronic components due to its features such as long operational life and low power consumption making it ideal for numerous...
The significantly increasing adoption of flexible AC transmission systems (FACTS) in the electrical, renewables, and industrial market
Flexible AC transmission system (FACTS) is defined as a technology which consists of power electronics and other static components to increase controllability and power transfer ability of a network. With ever growing electricity demand and high efficiency requirements in diverse applications, the need for advanced measures for providing higher flexibility and reliability of existing power systems...
Head-up display is expected to have a growing demand in APAC during the forecast period.
This section details the current and potential opportunities in this market on the basis of applications and geographic regions. Head-up display is expected to have a growing demand in APAC during the forecast period.
Europe is leading the global HUD market in terms of market share owing to the number of automotive manufacturers present in this region that are involved in assembling HUD in luxury/premium...
Image Sensor Market has created a new revenue stream, with consumer electronics and automotive emerging
The image sensor converts the light waves into signals which reflect from the objects and help the sensor to identify and pass the information of the image. It is one of the important components of portable devices such as mobile phones, tablets, and digital cameras to capture the image to serve the specific purpose as per the application.
The image sensor has applications in the aerospace, automotive,...
Growth of the Industrial Radiography Market in the APAC market is estimated to grow at the highest CAGR of 9.6%
The Americas led the industrial radiography market, accounting for a share of 39.78% of the overall market in 2014. The well-developed manufacturing, petroleum, and aerospace industries in this region are driving the growth of the market as industrial radiography is widely used for routine inspection, dimensional measurement, and maintenance in these industries. Industrial radiography is expected to...
Adoption of Proximity Sensors in industrial automation and automobile is likely to drive the Proximity Sensor Market
Increase in automation of complex production systems has led to the demand for components that are capable of providing important data regarding the production process. Proximity sensors facilitate process control in factories by detecting the presence and accurate positioning of metal objects. Proximity sensors help in automating procedures and even repetitive tasks resulting in efficient production...
Various Initiatives by Several Leading Players in the Head-Mounted Display Market is expected to Provide New Growth Opportunities
The head-mounted display projects virtual and augmented reality environment in front of wearer’s eye. It is worn or mounted on the users head, with a small display optic near to the eye. It enables users to efficiently interpret physical and digital information along with spatial relations between the same. Additionally, it offers digital prototypes with real-world environments to validate the design...
Surface mount technology is observed to have a strong penetration in the consumer electronics sector
Surface mount technology (SMT) is a method of mounting electronic components directly on the surface of the printed circuit boards (PCBs) to produce surface mount devices (SMDs). With help of this technology, smaller components can be made with leads closer together, packing densities can be increased, components can be mounted on both sides of the board; smaller PCBs can be used for the same electronic...
Eye tracking system is majorly fueling its growth in the North American countries such as the U.S., Canada, and Mexico
The consumers experience is largely affected by the visual experience they have at retail stores and malls. Components such as products, displays, pricing, navigation, promotion, and checkout are the key affecting factors. The product suppliers are engaged in market research by using eye tracking devices on the consumer’s behavior and experience. Thus, eye trackers work as tool of analysis for shopper,...
The rising demand for effective solutions for infrastructure maintenance and rapid infrastructure development in the APAC region is driving the demand for structural health monitoring (SHM) in the civil infrastructure industry
SHM facilitates decision making in condition-based maintenance procedure to ensure structural integrity of various infrastructure such as bridges, dams, tunnels, and others. SHM-based condition monitoring helps to reduce the maintenance cost of infrastructure compared to other methods. For instance, to reduce the maintenance cost of bridges, the South Carolina Department of Transportation (SCDOT) used...