The LVDS interface IC (Low-Voltage Differential Signaling Interface Integrated Circuit) market has undergone a remarkable evolution over the past years, driven by its pivotal role in ensuring high-speed, noise-resistant data transmission across diverse industries. As of 2023, has experienced a robust ascent, propelled by the insatiable demand for high-speed data transmission, the proliferation of consumer electronics, and the technologically advanced industrial automation and automotive sectors. The market's growth trajectory is counterbalanced by challenges related to intricate design and integration.
The non-volatile memory express (NVME) market is projected to experience robust growth, with a CAGR)of 26% during the forecast period from 2024 to 2032. The driving forces behind this growth include increasing data storage demands, technological advancements, and the rising adoption of NVMe across various industries. NVMe technology has emerged as a revolutionary solution in the data storage domain, offering exceptional performance, low latency, and high scalability compared to traditional storage options.
Globally, the LED desk lamp market is expected to grow with a CAGR of 14.5% during the forecast period from 2024 to 2032, starting from US$ 5.20 Bn in 2021. The growth of the market is driven by the increasing adoption of the energy efficient lamps across the globe. Over the past decade, a rapid surge in the demand of the energy efficient lamps has been witnessed.
The AMOLED display market worldwide is expected to grow with a CAGR of 14.50% during the forecast period from 2024 to 2032, starting from US$ 21.20 Bn in 2020. AMOLED (active matrix organic light emitting diode) displays market is primarily governed by the consistently growing sales of smartphones worldwide. It is an advanced version of OLED display and is being extensively used in smartphones, smart watches, laptops, televisions, and other electronic devices.
The global LED tube lights market was valued at US$ 3,705.0 Mn in 2017 and is expected to cross US$ 13,000.0 Mn by 2026, at a CAGR of 15.2% during the forecast from 2018 to 2026. Millions of LED tube lights have been installed globally ever since the first time it was introduced a few years back. Though in that relatively short period of time, the LED tube lights have undergone several changes and surely we can count on more changes ahead. On account of its high energy efficiency, LED lights have been increasingly finding application on a large scale in offices, commercial developments and industrial operations in order to attain more cost-savings.
The market revenue of the globally integrated circuit market is anticipated to increase at a CAGR of 13% between 2023 and 2031 and reaching to about US $1200 billion in 2030 The increase in CAGR is due to the demand and expansion of this market, which will revert to pre-pandemic levels once the pandemic is finished. It is projected that the trends for 5G connection, advanced driver assistance systems (ADAS) in automotive cars, cloud computing, and IoT-based gadgets will drive market expansion. In addition, the development of novel technologies, high-end telephones, and tiny electronic devices is anticipated to drive market expansion.
The global LED market is expected to cross US $190 billion by 2030, expanding at a CAGR of 8.5% between 2023 and 2031. LED is anticipated to supplant conventional Compact Fluorescent Lamp (CFL) and Cold Cathode Fluorescent Lamp (CCFL) lighting products because of their superior characteristics. In addition, it is a cost-effective option for all lighting applications, including backlighting in large-screen displays and non-backlight displays (OLED). The expansion of the LED lighting market is driven by factors such as low energy consumption, which results in cost savings, environmental friendliness due to the low mercury content, and low flickering. In addition, the decreased production cost of LED light is predicted to create attractive market opportunities for LEDs.
The global printed circuit board market is projected to reach US $125 billion by 2030, expanding at a CAGR of 6% between 2022 and 2030. Printed circuit boards (PCBs) are the fundamental component of the majority of modern electronic gadgets. Printed circuit boards consist of printed pathways that connect the board's numerous components, such as integrated circuits, resistors, electrolytic capacitors, PLCs, transistors, and resistors, and provide mechanical support. PCB refers to both printed wiring boards and printed wiring cards. Globally rising demand for electronic devices such as smartphones, laptops, and smart televisions, among others, is the most significant driver driving the growth of the printed circuit board market. In the present era, these electronic devices are gradually becoming a requirement for customers around the world. Printed circuit boards are utilized by these technological devices as automated machines and cell towers.
Acute Market Reports is a global market research and consultancy firm that specializes in ICs, LED, and PCB markets. The innovative futuristic research model provided by Acute Market Reports, enables our customers to make timely, informed business decisions. We collaborate with a wide variety of players in the market to provide our global clientele with cutting-edge strategic research solutions.
