The global wireless chipset market is estimated to grow with the CAGR of 21.5%. The Wireless chipset is an internal hardware design, which is used in computers or wireless communication systems to connect with many wireless-enabled devices. Hardware parts such as WLAN adapters or external wireless local area network (WLAN) useswireless chipset. The commonly used wireless chipset are wireless cards with 802.11g or 802.11b used in computers.
Bit error rate testers are the instruments usually designed for testing various radio telemetry systems, synchronous serial communication kits, and communication links. The increasing rate of penetration of broadband communication and sharp growth in demand of the access lines are driving the need of communication links with high transmission capacity and very low bit error rate.
The global optoelectronics market was stood at US$ 4.57 Bn in the year 2018 and expected to reach US$ 11.84 Bn by the year 2027, expanding at a CAGR of 11.2% during the forecast from 2019 to 2027. Significant disruptions in electronic devices over the recent past along with the rising trend of renewable energy sources has triggered the growth of optoelectronics market.
The global building and commercial automation market is expected to grow by CAGR of 10.85% during the forecasted period 2016-2022. The major factors contributing towards the growth of market are Iot renovation, increasing building automation market, rising demand for energy efficacy and improved security in buildings. The market is also driven by various factors such as merging of wireless sensor network technology, favorable government initiatives, quicker growth in centric wireless protocols for building automation and infrastructural growth in emerging economies along with increasing adoption of building automation systems.
The global IOT microcontroller (MCU) market is expected to grow at the CAGR of 15.8% during 2015-2022. The major factors that are driving the global IOT microcontroller (MCU) market is the rapidly increasing internet of things market, advent of smart phones, tablet and touch screens and surging demand for automation across several end-user industries. Additionally, the most widely used consumer electronics products such as microwave ovens, television and washing machine also depends on MCUs for their operations.
The general lighting market has wide applications in residential, commercial, industrial, architectural, and for other outdoor purposes. In general lighting industry, LED lighting occupies a significant portion of the overall lighting market. LED lighting market penetration has reached 31% of the $82.1 billion global lighting market in 2015.
The global Wirewound variable resistors market is expected to grow with an impressive CAGR during 2015-2022. The major factors which are driving the global Wirewound variable resistors market are the increasing demand of electronic equipments and resistors. And the increasing demand of electronic equiments is dependent on the high turnover of home equipments or electronic devices such as mobile phones, digital cameras etc.
The global piezoelectric devices market accounted for US$ 27.5 Bn in 2018 and is anticipated to grow to US$ 36.3 Bn growing at a CAGR of 3.5% throughout the forecast period from 2019 to 2027. Increasing investments in research and development of piezo solutions by companies and research universities coupled with increasing application of piezoelectric devices in various end-use industry verticals such as healthcare, automotive and aerospace & defense among others are the major factors driving the growth of piezoelectric devices market.
The printed circuit board market worldwide is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027, starting from US$ 68.8 Bn in 2018. Printed circuit board market worldwide is witnessing steady growth since the past few years with growth in the consumer electronics market. Printed circuit boards are non-conductive and help to connect electric and electronic components without a wire.
The Global head mounted display market is expected to grow at the CAGR of 35% during 2015-2022 and it estimated to be $17 billion by 2022. The Global head mounted display market is majorly driven by technological advancement and adoption of head mounted devices. Huge investment in Global head mounted display market is expected to boost the market in next few years.
The global broadcast switcher market is expected to grow at the CAGR of 9.2% during 2015-2022 and it estimated to be $2.10 billion by 2022. Due to high demand of broadcasting of live programs the market growth of broadcast switcher is expected to be high. The integral part of broadcasting is broadcast switcher, it is widely used in video production for different audio and video signals.
The global 3D scanning market is expected to grow at the CAGR of 11% during 2015-2022 and it estimated to be $4.5 billion by 2022. Global 3D scanning market is segmented on the basis of scanner type, range, services, application and geography. Over the forecasted period the market growth of 3D scanning will be high as the adoption of 3D scanning on several applications such as reverse engineering, prototyping, and quality control is increasing. 3D scanning technology improves efficiency, affordability with faster and accurate results which is a key driver of 3D scanning market.
The North America car DVR market is expected to grow at the CAGR of 13% during 2015-2022 and it is estimated to be $180 million by 2022. The North America Car DVR market is majorly driven by significantly increasing demand of safety measures in automobile and transportation. Huge investment in North America Car DVR market is expected to boost the market in next few years.