Electrical and Electronics Coverage

Water Heaters Market Definition

A water heater is a device used for heating water above its ambient temperature, used generally for various domestic, residential and industrial purposes. The water heaters market consists of sales of water heater products by entities (organizations, sole traders or partnerships) primarily involved in their production for various applications. Water heaters come in various types, including tank-based, tankless, hybrid and solar water heater; each catering to different needs and preferences.

AR And VR Smart Glasses Market Definition

Augmented Reality (AR) and Virtual Reality (VR) smart glasses are innovative wearable technologies that overlay digital information onto the physical world or create a completely immersive virtual experience for the user. These devices are utilized by a diverse range of users, including consumers seeking entertainment or personal fitness solutions, professionals and enterprises looking for productivity enhancements and sectors such as education, healthcare, military and defense for specialized applications. The AR and VR smart glasses market consists of sales, by entities (organizations, sole traders or partnerships), of AR and VR smart glasses that are used in various settings, from casual, everyday environments to professional and industrial applications, depending on their design and intended purpose.

Inverter Market Definition

An inverter is a device that converts direct current (DC) power into alternating current (AC) power. Inverters are commonly used in a variety of applications where AC power is required, including residential and commercial solar photovoltaic (PV) systems, uninterruptible power supplies (UPS), electric vehicles (EVs) and off-grid power systems. The inverter market consists of sales, by entities (organizations, sole traders and partnerships), of inverters that are electrical devices that convert direct current (DC) into alternating current (AC), the form of electricity that powers most devices and appliances used in homes and businesses.

Carbon And Graphite Product Market Definition

Carbon and graphite are forms of elemental carbon, with graphite being a crystalline form of carbon that is highly conductive and has various industrial applications. The carbon and graphite products include a broad range of products that are derived from carbon or graphite materials, characterized by their exceptional thermal conductivity, electrical conductivity, strength and resistance to chemical attack and high temperatures. The carbon and graphite product market consists of sales, by entities (organizations, sole traders and partnerships), of carbon and graphite products that are crucial in a variety of industrial processes and applications, ranging from the production of steel and aluminum to use in batteries, electric vehicles, aerospace components and more.

E-Cigarettes Market Definition

E-cigarettes, also known as electronic cigarettes or vaping devices, are battery-operated devices that simulate the sensation of smoking by heating a liquid solution (e-liquid) to produce an aerosol referred to as vapor that the user inhales. E-liquid typically contains nicotine, flavorings and other chemicals. E-cigarettes are of various shapes and sizes, including cigars, vape pens and advanced modular devices to cater to user preferences. They are used by individuals looking to quit smoking, reduce their smoking habits, or enjoy the experience of vaping without the tar and smoke associated with traditional cigarettes. The market for e-cigarettes caters to smokers and ex-smokers, as well as a growing demographic of new users who are attracted by the flavors, technology and perceived lower health risks compared to traditional cigarettes. The usage of e-cigarettes can be seen across various settings, from personal use at home or in designated vaping areas in social gatherings and public venues where smoking is prohibited. This adaptability in usage, coupled with the convenience of no ash or smoke, contributes to their growing popularity.

Bluetooth Headphones Market Definition And Segments

Bluetooth headphones are wireless audio devices that connect to devices via bluetooth technology, allowing users to listen to music, make calls, or enjoy other audio content without the hassle of cords. They typically feature built-in controls for adjusting volume, skipping tracks, and managing calls, offering convenience and mobility for users on the go. The main types of Bluetooth headphone products are over-ear, in-ear, and on-ear. Over-ear Bluetooth headphones are designed to cover the entire ear, providing a snug fit and an immersive sound experience. These headphones have various components, such as hardware, software, and services. These are sold through several distribution channels, including exclusive stores, multi-branded stores, and online retail, for various applications, including music and entertainment, sports and fitness, gaming, and virtual reality. The bluetooth headphones market covered in this report is segmented – 1) By Product: Over Ear, In Ear, On Ear 2) By Components: Hardware, Software, Services 3) By Distribution Channels: Exclusive Store, Multi-Branded Store, Online Retail 4) By Application: Music And Entertainment, Sports And Fitness, Gaming, Virtual Reality The bluetooth headphones market size has grown rapidly in recent years. It will grow from $20.12 billion in 2023 to $22.45 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the rise of wearable technology, the demise of the headphone jack, lifestyle changes, fashion and design trends, increased connectivity options, and consumer awareness, and education. The bluetooth headphones market size is expected to see rapid growth in the next few years. It will grow to $34.96 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to the expansion of the entertainment and gaming industry, increasing disposable income, growing trend of wireless audio, and expansion of e-commerce channels. Major trends in the forecast period include the emergence of hybrid connectivity, the rise of AI-driven audio enhancement, integration with augmented reality (AR) and virtual reality (VR) platforms, expansion of smart features, integration of health monitoring features, improved battery life, and adoption of true wireless technology.

Smartphone Proliferation Fuels Growth In The Bluetooth Headphones Market

The proliferation of smartphones is expected to propel the growth of the bluetooth headphones market going forward. Smartphones refer to mobile phones with built-in computer functionality and other features not previously found on phones. The high proliferation of smartphones is attributed to their multifunctionality, acting as all-in-one devices for communication, entertainment, productivity, and connectivity, streamlining various aspects of modern life into a single portable gadget. Smartphones serve as the primary source for audio content, facilitating the widespread adoption of Bluetooth headphones by providing seamless connectivity and control options, enhancing the user experience and portability. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021. This figure increased by over 2 million at the end of March 2022, resulting in 93.5 million subscribers, equivalent to 73.5% of the nation's adult population. Therefore, the proliferation of smartphones is driving the growth of the bluetooth headphones market. Major companies operating in the bluetooth headphones market are Apple Inc., Samsung electronics Co. Ltd., Microsoft Corporation, Sony Group Corporation, Lenovo Group Limited, LG Electronics Inc., HP Inc., Panasonic Corporation, Koninklijke Philips N.V., Logitech International SA, Bose Corporation, GN Store Nord AS, Plantronics Inc., Razer Inc., Bowers & Wilkins, Sennheiser Electronic GmbH & Co KG, Jabra Corporation, Imagine Marketing Pvt. Ltd., Skullcandy Inc., Creative Technology Ltd., HIFIMAN Corporation, Audio-Technica US Inc., AfterShokz, Hooke Audio Corporation

Hybrid Adaptive Noise Cancellation Headphones Revolutionize The Bluetooth Headphones Market

Major companies operating in the Bluetooth headphones market are increasing their focus on developing innovative products, such as hybrid adaptive noise cancellation headphones, to boost their revenue in the market. Hybrid adaptive noise cancellation headphones are advanced audio devices that use multiple noise-canceling technologies to efficiently block out unwanted ambient sounds while also adapting to different environments and user preferences. For instance, in February 2024, Sennheiser Electronic GmbH & Co. KG, a Germany-based audio equipment manufacturer, launched the ACCENTUM Plus wireless headphones in India. These headphones have Bluetooth 5.2, touch controls, ANC (active noise cancellation) compatibility, and Sennheiser's renowned sound profile. Along with touch-gesture controls for enhanced use, the headphones are claimed to have a 50-hour battery life on a single charge. The headphones also have a 37mm dynamic transducer, support several codecs, including aptX Adaptive, and have a transparency mode.

Noritsu Koki Co. Ltd. Expands Market Presence Through Acquisition Of Jlab Audio

In April 2021, Noritsu Koki Co. Ltd., a Japan-based audio equipment manufacturer, acquired Jlab Audio for $370 million. This acquisition allows Noritsu Koki to enhance its portfolio, potentially increasing its market presence in the personal audio industry and strengthening its position in the market. Jlab Audio is a US-based company that provides personal audio, including Bluetooth earbuds, headphones, and speakers. Asia-Pacific was the largest region in the bluetooth headphones market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the bluetooth headphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bluetooth headphones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The bluetooth headphones market consists of revenues earned by entities providing services such as audio sharing, voice assistance, music streaming, noise cancellation, hands-free calling, and wireless audio playback. The market value includes the value of related goods sold by the service provider or included within the service offering. The bluetooth headphones market also includes sales of sports bluetooth headphones, neckband-style bluetooth earphones, gaming bluetooth headphones, waterproof bluetooth headphones, and fashion bluetooth headphones. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The bluetooth headphones market research report is one of a series of new reports from The Business Research Company that provides bluetooth headphones market statistics, including bluetooth headphones industry global market size, regional shares, competitors with a bluetooth headphones market share, detailed bluetooth headphones market segments, market trends and opportunities, and any further data you may need to thrive in the bluetooth headphones industry. This bluetooth headphones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

High Brightness LED Market Definition And Segments

High-brightness LED (Light Emitting Diode) refers to a type of LED that emit intense illumination while maintaining energy efficiency and longevity. They are commonly used in automotive lighting, signage, outdoor lighting, and display screens. These LEDs produce bright light through technological advancements, offering benefits such as lower energy consumption, longer lifespan, and faster response times compared to traditional lighting sources. The main types of high-brightness LEDs are 6V, 12V, and 24V. High-brightness LEDs with a voltage rating of 6V typically refer to LEDs that require a forward voltage of approximately 6 volts to operate optimally. It can be operated by various technologies, such as mesa, flip chip, and vertical, through various distribution channels, including offline and online. It can be used for various applications such as automotive lighting, general lighting, backlighting, mobile devices, signals and signage, and others, and end users include commercial, residential, industrial, and others. The high brightness LED market covered in this report is segmented – 1) By Type: 6V, 12V, 24V 2) By Technology: Mesa, Flip Chip, Vertical 3) By Distribution Channel: Offline, Online 4) By Application: Automotive Lighting, General Lighting, Backlighting, Mobile Device, Signals And Signage, Other Applications 5) By End-Use Sector: Commercial, Residential, Industrial, Other End-Users The high brightness LED market size has grown strongly in recent years. It will grow from $21.78 billion in 2023 to $23.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to energy efficiency regulations, declining LED prices, environmental awareness, government incentives. The high brightness LED market size is expected to see strong growth in the next few years. It will grow to $32.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to urbanization trends, smart city initiatives, increased demand for automotive lighting, growing adoption of OLED technology, expansion of IoT applications. Major trends in the forecast period include advancements in horticulture lighting, rise of UV LED applications, integration of high brightness LEDs in wearables, increasing penetration in healthcare lighting.

Impact Of Increasing Demand For Electronic Devices On The High-Brightness LED Market

The increasing demand for electronic devices is expected to propel the high-brightness LED market going forward. Electronic devices are components that control the flow of electrical currents for information processing and system control. The demand for electronic devices is increasing due to technological innovation, lifestyle changes, market expansion in emerging economies, and environmental awareness. Electronic devices leverage the superior performance, energy efficiency, and design flexibility of HB-LEDs, spurring their adoption in consumer electronics and fueling growth. For instance, in August 2022, according to the Pomodoro Timer, a Ukraine-based simple web-based timer platform, the revenue generated by technical electronics devices reached $14.21 billion in 2022 and is projected to experience a 17% increase by 2025. Therefore, the increasing demand for electronic devices is driving the growth of the high-brightness LED market. Major companies operating in the high brightness LED market are Samsung Electronics Co. Ltd., LG Electronics, General Electric Company, Broadcom, Eaton Technologies, Koninklijke Philips N.V., Toyoda Gosei Co. Ltd., Lite-On Technology Corporation, OSRAM Licht, Seoul Semiconductor Co. Ltd., Everlight Electronics Co. Ltd., Viewsonic Corporation, Cree LED, Lumileds Holding B.V., Moritex Corporation, Lumex, Plessey, Kingbright Company LLC., Genesis Photonics Inc., Intematix Corporation, Luckylight Electronics Co. Ltd., Epistar Corporation, Nichia Corporation, American Bright Optoelectronics Corporation, Syska

Advancements In Ultra-High-Brightness LED Technology

Major companies operating in the high-brightness LED market focus on developing innovative LED technology products, such as the Aurora Series, to meet the increasing demand for brighter, more efficient, and versatile lighting solutions across various sectors. An Aurora Series is a new ultra-high-brightness LED display system that provides superior display output to standard display screens. For instance, in March 2021, Shenzhen Absen Optoelectronic Co., Ltd., a China-based provider of LED applications, launched the Aurora Series, a new ultra-high-brightness LED display. This new series offers cutting-edge features and capabilities to meet the increasing demand for bright, high-quality displays across various indoor and outdoor applications. The Aurora Series is 50% thinner and lighter than its predecessors, featuring a fan-less design that reduces power consumption by 40%. The series is waterproof and operates between -40 and +50 degrees Celsius, making it a reliable choice for various applications.

SMART Global Holdings Acquires Cree LED To Strengthen Data Center And Edge Solution Offerings

In March 2021, SMART Global Holdings, a US-based designer and manufacturer of electronic products, acquired Cree LED for an undisclosed amount. Through this acquisition, SMART Global aims to expand its customer reach and capabilities in delivering data center and edge solutions and services, enabling customers to run critical applications with high availability and reliability. Cree LED is a US-based manufacturer of high brightness LED products catering to various application industries. Asia-Pacific was the largest region in the high brightness LED market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high brightness LED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high brightness LED market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The high brightness LED market consists of sales of products, including LED bulbs and lamps, LED strips and modules, LED displays and screens, traffic signals and signs, and flashlights and portable lighting devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The high brightness LED market research report is one of a series of new reports from The Business Research Company that provides high brightness LED market statistics, including high brightness LED industry global market size, regional shares, competitors with a high brightness LED market share, detailed high brightness LED market segments, market trends and opportunities, and any further data you may need to thrive in the high brightness LED industry. This high-brightness LED market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Holographic Display Market Definition And Segments

A holographic display refers to a display technology that produces three-dimensional images by using light diffraction, interference, and wavefront reconstruction. Holographic displays are used to create depth perception and realistic visuals, offering immersive and lifelike visual experiences for various applications like entertainment, medical imaging, and engineering design. The main types of holographic display components are light modulators, lenses, scanners, digital micrometers, and monitors. A light modulator is a device that controls the intensity, phase, or polarization of light waves. The various dimensions involved are two-dimensional (2D), three-dimensional (3D), and four-dimensional (4D), with several technologies included, such as electro-holographic, laser, touch, and piston. It is used by various end users, such as consumer electronics, retail, media and entertainment, military and defense, healthcare, automotive, and others. The holographic display market covered in this report is segmented – 1) By Components: Light Modulator, Lens, Scanner, Digital Micrometer, Monitor 2) By Dimension: Two-dimensional (2D), Three-dimensional (3D), Four-dimensional (4D) 3) By Technology: Electro-Holographic, Laser, Touch, Piston 4) By End Users: Consumer Electronics, Retail, Media And Entertainment, Military And Defense, Healthcare, Automotive, Other End-users The holographic display market size has grown exponentially in recent years. It will grow from $1.70 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to automotive HUDS (heads-up displays), decreasing cost of components, rising adoption in medical imaging, and growing demand in the entertainment industry. The holographic display market size is expected to see exponential growth in the next few years. It will grow to $4.49 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to increasing demand for 3D visualization, rising adoption in gaming and entertainment, growing advertising and marketing applications, increasing investments in smart glasses, and demand for portable and lightweight displays. Major trends in the forecast period include technological innovations, integration with IoT and smart home systems, the emergence of wearable holographic devices, advancements in medical imaging, and advancements in medical imaging.

Automotive Industry Expansion Propels The Holographic Display Market

The expansion of the automotive industry is expected to boost the growth of the holographic display market going forward. The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. The automotive industry is expanding due to increasing demand for urban mobility, technological innovations, and government initiatives promoting sustainable transportation solutions. Holographic displays in the automotive industry enhance driver assistance systems and provide immersive experiences for navigation and entertainment. They are used in head-up display (HUD) systems to project essential driving information directly onto the windshield or a transparent screen in the driver's line of sight. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, global motor vehicle production in 2022 totaled 85.4 million units, marking a significant 5.7% rise compared to 2021. Therefore, the expansion of the automotive industry is driving the growth of the holographic display market. Major companies operating in the holographic display market are Infinite Z Inc., Zebra Imaging Inc., Hypervsn, Magic Leap Inc., Holotech Switzerland AG, Ostendo Technologies Inc., Eon Reality Inc., WayRay AG, Base Hologram, Displair Inc., Kino-mo Ltd., Leia Inc., Portl Inc., Light Field Lab Inc., Provision Holding Inc., Voxon Photonics, Holografika Kft., Realfiction Holdings AB, Holoxica Ltd., Geola Digital Ltd., HOLOEYE Photonics AG, MDH Hologram Ltd., Lumii Inc., Realview Imaging Ltd., Looking Glass Factory Inc.

Advancements In Portable Holographic Displays

Major companies operating in the holographic display market are focusing on the development of advanced products, such as portable holographic displays, to boost their revenues in the market. A portable holographic display refers to a compact device that generates three-dimensional (3D) holographic images or visual effects without the need for specialized glasses or viewing aids. It provides numerous benefits, such as space-saving design, improved communication, increased engagement, versatile applications, and enhanced mobility. For instance, in December 2023, Looking Glass Factory Inc., a US-based 3D design services company, launched Looking Glass Go, a holographic display that folds up into a pocket-sized device that is incredibly portable. This portable holographic display merges high-resolution holograms with the creative prowess of AI. Looking Glass Go, which shrinks the holographic experience down to the size of a cell phone, claims to make it easier and more accessible to convert 2D and 3D visuals, including ChatGPT characters, into vivid, lifelike holographic projections. Leveraging the technology of this equipment, several viewers can view holograms simultaneously in 3D without the use of headsets or head-tracking technology.

Weisman Worldwide Entertainment And Hypervsn Partner To Bring Immersive Holographic Display Technology

In April 2023, Weisman Worldwide Entertainment, a US-based holographic media company, partnered with Hypervsn to bring immersive holographic display technology to a wider audience. This partnership aims to revolutionize various industries, including entertainment, education, healthcare, and manufacturing, by providing high-quality business solutions and immersive experiences through Hypervsn's proprietary hardware and software suite. Hypervsn is a UK-based developer of an integrated 3D holographic display platform. North America was the largest region in the holographic display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the holographic display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the holographic display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The holographic display market consists of revenues earned by entities by providing services such as event experiences, product demonstrations, training simulations, interactive presentations, and visualization solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The holographic display market also includes sales of holographic touchscreens, holographic projection systems, holographic headsets, and holographic projectors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The holographic display market research report is one of a series of new reports from The Business Research Company that provides holographic display market statistics, including holographic display industry global market size, regional shares, competitors with a holographic display market share, detailed holographic display market segments, market trends and opportunities, and any further data you may need to thrive in the holographic display industry. This holographic display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.