The global articulated robot market is experiencing robust growth, driven by the rapid adoption of automation technologies across diverse industries. According to recent market analysis, the industry was valued at USD 17.3 Bn in 2022 and is projected to advance at a CAGR of 8.9% from 2023 to 2031, reaching an estimated value of USD 38.3 Bn by 2031.
The global semiconductor plating system market is experiencing steady growth, driven by technological advancements, increasing semiconductor usage, and rising demand from the automotive and electronics industries. According to market research, the industry was valued at USD 5.1 Bn in 2022 and is projected to grow at a CAGR of 4.8% from 2023 to 2031
The global surface mount switch market is poised for robust growth, with projections estimating the market to reach a valuation of US$ 7.9 Bn by the end of 2031 from US$ 4.3 Bn in 2022. This growth is attributed to rising demand across multiple end-use industries, most notably in consumer electronics, telecommunications, aerospace, defense, and hea
The global digital substations market was valued at US$ 9.2 Bn in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2031, reaching US$ 16.6 Bn by the end of the forecast period. This growth is driven by the increasing shift towards automation, rising demand for clean energy, and the need for reliable and cos