Semiconductors & Electronics Industry Highlights

The global  hand dryers market  is anticipated to reach a valuation of USD 1.59 billion by 2024, according to a new study by Grand View Research, Inc. In terms of volume (shipments), the market is expected to exhibit a CAGR exceeding 14.0% during the forecast period. The increasing government initiatives to spread awareness about hygiene and cleanliness are expected to drive demand over the next eight years. The rapid growth in the hospitality sector with a surge in the number of restaurants, pubs, and hotels is anticipated to fuel demand. The growth of smart cities and infrastructure development is further expected to boost the industry growth over the forecast period. Technological advancement, quality, price, and energy efficiency affect the buying decision of end-users. The declining cost of hand dryers, paired with an additional benefit of reducing the operational cost, is expected to propel the product demand over the forecast period; particularly in the commercial ...

The global  handheld imagers market  is anticipated to reach USD 3.45 billion by 2022, according to a new study by Grand View Research, Inc. Technological developments have led to the emergence of new innovative products, which has significantly broadened the scope for Handheld imagers in several application areas. Growing demand across the security industry is expected to be the key force driving the Handheld imagers market over the next few years. Development and usage of amorphous silicon (a-Si) in manufacturing imaging solutions is also expected to favorably impact market growth. Amorphous silicon is a preferred raw material as it is its cost-effective and easy to manufacture. Rise in adoption across the industrial and construction sector is expected to provide avenues for Handheld imagers market growth. In addition, decline in microbolometer cost is also expected to fuel market demand over the next few years. Government mandates coupled with growing adoption of infra...

The  global power transformer market  size is expected to reach USD 28.22 billion by 2020, according to a new report by Grand View Research, Inc. Emerging technological advancements along with rising electricity consumption are projected to elevate industry growth over the next five years. Huge investment in power plant infrastructure coupled with increasing demand for smart meters is projected to positively impact demand. Further, several government initiatives for modernizing the existing grids combined with installation of technologically advanced systems is anticipated to drive power transformer market growth. Increasing awareness regarding low carbon emission due to service expansions in resource-based industries is anticipated to offer prominent growth opportunities for the industry. Advanced features offered by eco-friendly devices are projected to replace traditional transformers, which are not compatible with current technical and environmental requirements. Howe...

The global  laser cutting machines market  is expected to reach USD 6.72 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of fiber, CO2 and Yttrium Aluminum  Garnet (YAG) lasers in the cutting applications such as consumer electronics and industrial sectors is expected to augment the demand for the laser cutting machines market. Consumer electronics is anticipated to be the fastest-growing sector owing to the rising implementation of lasers in material processing applications such as cutting, welding, and engraving. Moreover, the need for high power input and efficiency-based cutters are driving the demand for laser cutting machines over the forecast period. Developments of novel process lasers to optimize the production of customized three-dimensional glass components and a shift from conventional semiconductor lasers to quantum cascade lasers are expected to increase the demand for these machines. Continuous technological adv...

The  U.S. electric shavers market  size is projected to reach USD 7.91 billion by, according to a new report by Grand View Research, Inc., exhibiting a 4.80% CAGR during the forecast period. Introduction of advanced electric shavers with 4- and 8-dimensional trimming support has enhanced trimming experience for youth. Incorporation of gels to minimize cuts and bleeding during shaving has also triggered interest and has compelled people to shift from traditional cartridge razors. With the evolution of technology, the variety of shavers and trimmers has increased and there are various products that suit consumer needs. Sales of electric shavers and trimmers in U.S. is estimated to ascend at a good rate over the next decade owing to changing buying behavior and orientation of consumers. Internet sales have been increasing and there is a shift from brick-and-mortar stores to online sales. Consumers use the Internet to procure cosmetics and grooming products from sites such as...

The global  airport security market  size is expected to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc. National security is of vital importance at critical infrastructures such as airports. In recent years, the policy and aim of many authorities has shifted from potential threat identification to deploying measures that prevent infiltration of any type of threats into the infrastructure. Demand for quicker and efficient screening has culminated in the design and development of advanced screening systems that are being employed worldwide. The rapid pace of new construction activity at airports and need to streamline security screening process in order to minimize waiting time for passengers also serve as key drivers for market growth. However, economic turmoil and lack of funds for public spending new development and construction, as well upgrade of existing airports. In addition, effectiveness of existing security equipment in com...