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Programmable Logic Controller (PLC) Market in APAC to increase by USD 1.19 billion during 2023 to 2028; Increasing demand for PLCs in renewable power generation boosts the market growth - Technavio

Retrieved on: 
Monday, December 11, 2023

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The programmable logic controller (PLC) market in APAC is expected to grow by USD 1.19 billion between 2023 and 2028.

Key Points: 
  • NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The programmable logic controller (PLC) market in APAC is expected to grow by USD 1.19 billion between 2023 and 2028.
  • Demand for PLCs in renewable power generation drives the market growth.
  • Hence, the growing demand for PLC for optimum power generation and low maintenance drives the market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Automotive semiconductor market size to grow by USD 26,676.35 million between 2022 and 2027 | APAC will account for 62% of the market growth - Technavio

Retrieved on: 
Wednesday, December 6, 2023

APAC will account for 62% of the market growth during the forecast period.

Key Points: 
  • APAC will account for 62% of the market growth during the forecast period.
  • The region has a strong presence of automotive manufacturers, and automotive technologies are witnessing rapid adoption across all vehicle categories in APAC.
  • All these factors are driving the growth of the automotive semiconductor market in APAC.The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
  • In a bid to help players strengthen their market foothold, this automotive semiconductor market forecast report provides a detailed analysis of the leading market vendors.

Power Electronics Market worth $61.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 4, 2023

Silicon holds the largest market share in the production of a multitude of power electronics.

Key Points: 
  • Silicon holds the largest market share in the production of a multitude of power electronics.
  • Within the power electronics industry , consumer electronics stands as a key sector, given that every electronic device necessitates a power supply (AC/DC) and effective power management for optimal energy utilization.
  • The integration of power electronics into consumer electronics serves to minimize power consumption, thereby reducing the overall carbon footprint and enhancing efficiency.
  • The Asia Pacific stands out as the swiftest expanding sector in the power electronics market, accelerated by substantial investments in infrastructure, consumer electronics, and smart grid initiatives.

Power Electronics Market worth $61.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 4, 2023

Silicon holds the largest market share in the production of a multitude of power electronics.

Key Points: 
  • Silicon holds the largest market share in the production of a multitude of power electronics.
  • Within the power electronics industry , consumer electronics stands as a key sector, given that every electronic device necessitates a power supply (AC/DC) and effective power management for optimal energy utilization.
  • The integration of power electronics into consumer electronics serves to minimize power consumption, thereby reducing the overall carbon footprint and enhancing efficiency.
  • The Asia Pacific stands out as the swiftest expanding sector in the power electronics market, accelerated by substantial investments in infrastructure, consumer electronics, and smart grid initiatives.

Traction Control System Market to grow at a CAGR of 6.32% from 2022 to 2027|ABB Ltd., AISIN CORP., Autoliv Inc., Continental AG and more among the key companies in the market -Technavio

Retrieved on: 
Friday, December 1, 2023

Traction control systems play a major role in the optimization of the grip between the vehicle's tires and the road surface.

Key Points: 
  • Traction control systems play a major role in the optimization of the grip between the vehicle's tires and the road surface.
  • The main functionality of the traction control system is that it regulates the wheel slip, road conditions, and vehicle dynamics.
  • The rising adoption of advanced driver assistance systems is a primary trend in the key traction control system market.
  • Additionally, the traction control system plays a major role in improving the stability and control of vehicles during acceleration and deceleration.

Lithium-Ion Battery Management Systems For Vehicles Market to grow by USD 3.86 billion from 2022 to 2027, market is fragmented due to the presence of prominent companies like Analog Devices Inc., AVL List GmbH and BMS Powersafe, many more

Retrieved on: 
Thursday, November 30, 2023

The lithium-ion battery management systems for vehicles market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The lithium-ion battery management systems for vehicles market is fragmented owing to the presence of many global and regional companies.
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    Analog Devices Inc. - The company offers lithium Ion battery management systems for vehicles such as battery management.
  • AVL List GmbH - The company offers lithium Ion battery management systems for vehicles such as the Mercedes CoupE 800, Jaguar I Pace, and Audi e-tron.
  • BMS Powersafe - The company offers lithium Ion battery management systems for vehicles such as 4S BMS PowerSafe, 6-10S BMS PowerSafe, and 10S CAN BMS PowerSafe.

Automotive Ethernet Market to grow by USD 4.6 billion from 2022 to 2027 | The market is fragmented due to the presence of prominent companies like ACTIA PCS, Amphenol Communications Solutions and Broadcom Inc., and many more - Technavio

Retrieved on: 
Friday, November 24, 2023

NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The automotive ethernet market is estimated to grow by USD 4.6 billion from 2022 to 2027, growing at a CAGR of 20.88%.

Key Points: 
  • NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The automotive ethernet market is estimated to grow by USD 4.6 billion from 2022 to 2027, growing at a CAGR of 20.88%.
  • The automotive ethernet market is fragmented owing to the presence of many global and regional companies.
  • The report provides a full list of key companies, their strategies, and the latest developments.
  • The Global Automotive Four-Wheel Drive Vehicle Market size is estimated to grow by  2,423.33 units between 2022 and 2027, accelerating at a CAGR of 3.85%.

Gallium Nitride (GaN) Semiconductor Devices Market to grow by USD 5.26 billion from 2022 to 2027 | Efficient Power Conversion Corp., Fujitsu Ltd., Infineon Technologies AG, and more among key companies - Technavio

Retrieved on: 
Friday, November 24, 2023

NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The gallium nitride (GaN) semiconductor devices market is expected to grow by USD 5.26 billion from 2022 to 2027.

Key Points: 
  • NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The gallium nitride (GaN) semiconductor devices market is expected to grow by USD 5.26 billion from 2022 to 2027.
  • The increase in demand for GaN semiconductor devices is notably driving the gallium nitride (GaN) semiconductor devices market.
  • Gallium Nitride (GaN) Semiconductor Devices Market 2023-2027: Company Analysis
    Fujitsu Ltd. - The company offers a high gallium nitride GaN called a high electron mobility transistor HEMT power amplifier.
  • The silicon carbide market for semiconductor application market size is estimated to grow by USD 3,336.31 million at a CAGR of 22.1% between 2022 and 2027.

Digital Isolator Market worth $3.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, November 24, 2023

Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.

Key Points: 
  • Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.
  • The 8-channel segment in the digital isolator market is expected to grow at the highest growth rate during the forecast period.
  • Moreover, 8-channel digital isolators are widely used in industrial automation and automotive applications, driving the market for 8-channel digital isolators.
  • The report profiles key digital isolator companies players and analyzes their market shares.

Digital Isolator Market worth $3.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, November 24, 2023

Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.

Key Points: 
  • Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.
  • The 8-channel segment in the digital isolator market is expected to grow at the highest growth rate during the forecast period.
  • Moreover, 8-channel digital isolators are widely used in industrial automation and automotive applications, driving the market for 8-channel digital isolators.
  • The report profiles key digital isolator companies players and analyzes their market shares.