Technology Market report: February 2025

Monday, 24 February 2025

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Market Share, Growth and Future Analysis

The global Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market size is expected to reach USD 89.34 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 13.6% from 2025 to 2030. The growing demand for bandwidth capacity among consumers and enterprises for providing support for smart devices is one of the key factors driving the global market.

Increasing trends of e-learning techniques have expanded the deployment of next-generation wireless network infrastructure across several schools, universities, offices, and residents. In addition, accessing undisturbed content during online video streaming services has increased the need and demand for installing wi-fi 6, wi-fi 6E, and wi-fi 7 devices across the globe. Therefore, the increasing adoption of e-learning is expected to fuel the wi-fi 6, wi-fi 6E, and wi-fi 7 chipsets demand from 2025 to 2030.

With the evolution of industry 4.0., manufacturers from various industry verticals such as General Motors Company, BMW Group, Ford Motor Company, Volkswagen Group, and Toyota Group are implementing advanced technologies to transform their manufacturing facilities into smart and intelligent factories. A smart factory integrates numerous intelligent devices such as collaborative robots, IoT sensors, wireless cameras, and automated guided vehicles (AGV) to achieve self-adapting manufacturing capabilities. Providing seamless connectivity to these devices requires next-generation infrastructure, which is expected to accelerate the adoption of wi-fi 6 and wi-fi 6E devices worldwide. Therefore, it is anticipated to fuel the demand for chipsets over the next seven years.

Wi-fi 6, wi-fi 6E, and wi-fi 7 devices support multi-user, multi-input multi-output communications (MU-MIMO). The wi-fi 6 and 6E technology operates on the 6GHz band that can handle up to 12 upstream and downstream data streams on various frequency bands, such as 5GHz, 2.4GHz, and 6GHz. The wi-fi 7 technology using its 320MHz channel provides a high-speed advantage as compared to wi-fi 6 and 6E technology. With the notable investment opportunities in the smart cities globally, the next-generation wi-fi chipset-enabled devices would play a pivotal role in catering to the growing need for integrated internet connectivity for the mass population situated in public venues such as railway stations, bus stands, and airports. Thus, it is expected to bolster global market growth from 2025 to 2030.

Initially, in the 1st and 3rd quarters of 2020, the COVID-19 outbreak affected the production and supply chains for the wi-fi chipsets globally. The primary reason for this is the lockdown implemented by the governments across key countries such as the U.K., the U.S., Germany, and China. These lockdowns have forced the companies to temporarily shut down their manufacturing facilities and initiated restrictions on international travel. However, in the latter Q3 of 2020, the governments across many countries have provided certain relaxations in the lockdown, which has helped companies significantly recover the economic losses that happened during the Covid-19 times. Thus, it is expected to increase the overall market growth in the next seven years. Moreover, the high investments in the healthcare industry to create digitally advanced network infrastructure is further expected to drive the global market.

List of Key Players of Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Market

Broadcom Inc.
Qualcomm Technologies, Inc.
ON Semiconductor Connectivity Solutions, Inc.
Intel Corporation
Celeno
MediaTek Inc.
Texas Instruments Incorporated
Cypress Semiconductor Corporation
STMICROELECTRONICS N.V.
NXP SEMICONDUCTORS N.V.

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Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Market Report Highlights

By device type, the, WLAN infrastructure devices segment held the maximum market share in 2024. Increasing deployment of Wi-Fi 6 gateways and routers in commercial, residential, and industrial applications propelled the segment growth
The Wi-Fi 7 chipset type segment uses a 4K QAM modulation scheme to increase the throughput value, fuelling the market growth over the forecast period. The Wi-Fi 7 chipset features flexible channel utilization, minimizing the network's interference and enhancing connectivity
Increased spending on the deployment of digital infrastructure in the healthcare sector, rising smart city, and smart factory projects have propelled the growth of Wi-Fi chipsets in the U.S.
Several key players operating in the market across the globe are mainly focusing on acquisitions, mergers, and collaborations to strengthen their market presence and expand the overall product offerings

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market Segmentation

Grand View Research has segmented the global wi-fi 6, wi-fi 6E And wi-fi 7 chipset market report based on chipset, device, application, and region:

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Chipset Outlook (Revenue, USD Million; 2019 - 2030)

Wi-Fi 6
Wi-Fi 6E
Wi-Fi 7

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Device Outlook (Revenue, USD Million; 2019 - 2030)

WLAN Infrastructure Devices
Consumer Devices

Smartphones/Tablets
Desktops/Laptops
AR/VR and Wearables
Smart Home Devices
Others

Wireless Cameras
Industrial IoT Devices
Connected Vehicles
Drones
Others

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Application Outlook (Revenue, USD Million; 2019 - 2030)

Residentials/Consumers
Commercial

Enterprises/Corporates
Airports
Stadiums
Malls/Shops
Hospitals
Hotels & Restaurants
Educational Campuses
Others

Industrial

Smart Manufacturing
Energy & Utility
Oil & Gas and Mining

Smart City
Transportation & Logistics
Government & Defense
Others

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Regional Outlook (Revenue, USD Million; 2019 - 2030)

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France

Asia Pacific

China
India
Japan
South Korea
Australia

South America

Brazil

Middle East & Africa

Kingdom of Saudi Arabia (KSA)
UAE
South Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Car Insurance Market Size is Predicted to Witness 13.7% CAGR till 2030

The global Car Insurance Market was valued at approximately USD 730.1 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. The growing popularity of Electric Vehicles (EVs) is also contributing to the market growth. With governments worldwide pushing for greener transportation and offering incentives for EV adoption, insurers are developing specialized policies tailored to these vehicles. EV insurance policies often consider factors unique to electric cars, such as battery life, charging infrastructure, and specialized repair costs. Insurers are also considering the environmental benefits of EVs, potentially offering lower premiums for these vehicles. This shift towards EVs prompts insurers to rethink traditional underwriting models and create new products catering to the changing automotive landscape.

The car insurance industry is also being shaped by the increasing prevalence of autonomous vehicles (AVs). As AV technology advances and becomes more widespread, traditional risk models based on human driving behavior are becoming less relevant. Insurers are now focusing on the technological reliability of AV systems and the liability of manufacturers in the event of a malfunction. This shift from driver-centric to vehicle-centric insurance is expected to lead to new types of policies and coverage options. The rise of AVs presents both challenges and opportunities for insurers as they navigate uncharted territory in risk management.

Factors Driving Growth:

Rising Number of Road Accidents: Increased urbanization and the growing number of vehicles on the road have led to a higher incidence of accidents, driving the demand for car insurance.
Telematics and Usage-Based Insurance (UBI): The adoption of telematics, which uses in-car devices to monitor driving behavior, allows insurers to offer personalized UBI plans. These plans appeal to safer drivers and provide insurers with more accurate risk assessments.
Electric Vehicles (EVs): The growing popularity of EVs, supported by government incentives, has led insurers to develop specialized policies tailored to these vehicles.
Autonomous Vehicles (AVs): As AV technology advances, traditional risk models based on human driving behavior are becoming less relevant, prompting insurers to rethink their underwriting models.

List of Key Players of Car Insurance Market

Allianz Group
AXA
Zurich Insurance Group
Bajaj Finserv
Liberty Mutual Insurance
Progressive Casualty Insurance Company
The Travelers Indemnity Company
Chubb
State Farm Mutual Automobile Insurance Company
American International Group (AIG)

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Car Insurance Market Report Highlights

By device type, the, WLAN infrastructure devices segment held the maximum market share in 2024. Increasing deployment of Wi-Fi 6 gateways and routers in commercial, residential, and industrial applications propelled the segment growth
The Wi-Fi 7 chipset type segment uses a 4K QAM modulation scheme to increase the throughput value, fuelling the market growth over the forecast period. The Wi-Fi 7 chipset features flexible channel utilization, minimizing the network's interference and enhancing connectivity
Increased spending on the deployment of digital infrastructure in the healthcare sector, rising smart city, and smart factory projects have propelled the growth of Wi-Fi chipsets in the U.S.
Several key players operating in the market across the globe are mainly focusing on acquisitions, mergers, and collaborations to strengthen their market presence and expand the overall product offerings

Car Insurance Market Segmentation

Grand View Research has segmented the car insurance market based on coverage, distribution channel, vehicle age, application, and region:

Car Insurance Coverage Outlook (Revenue, USD Billion, 2018 - 2030)

· Third Party

· Comprehensive

· Collision

· Others

Car Insurance Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

· Insurance Agents/Brokers

· Direct Response

· Banks

· Others

Car Insurance Vehicle Age Outlook (Revenue, USD Billion, 2018 - 2030)

· New Vehicle

· Used Vehicle

Car Insurance Application Outlook (Revenue, USD Billion, 2018 - 2030)

· Personal

· Commercial

Car Insurance Regional Outlook (Revenue, USD Billion, 2018 - 2030)

· North America

o U.S.

o Canada

o Mexico

· Europe

o Germany

o UK

o France

· Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

· Latin America

o Brazil

· Middle East & Africa (MEA)

o UAE

o Kingdom of Saudi Arabia (KSA)

o South Africa

Friday, 21 February 2025

U.S. Audiobook Market Share, Growth and Future Analysis

The U.S. audiobooks market is experiencing significant growth and is expected to continue expanding in the coming years. The market generated a revenue of USD 2.75 billion in 2023 and is projected to reach USD 12.88 billion by 2030, growing at a compound annual growth rate (CAGR) of 24.7% from 2024 to 2030

Key Trends

Rising Popularity: The increasing adoption of smartphones and the convenience of audiobooks are driving market growth. Audiobooks offer flexibility and versatility, making content easily accessible on electronic devices, irrespective of time and place.

Technological Advancements: The integration of advanced technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) has made it easier for customers to obtain audiobooks. AI technology has enhanced the user experience by making tailored recommendations based on personal preferences.

Diverse Applications: Audiobooks cover a wide range of applications, from educational to leisure and entertainment uses, resulting in a larger customer base

Key U.S. Audiobooks Companies:

Amazon.com, Inc.
Apple Inc.
Audible, Inc.
Barnes & Noble Booksellers, Inc.
Blackstone Audio
Brilliance Publishing
Downpour.com
Google LLC
PLAYSTER (SOFTONIC INTERNATIONAL S.A.)
Podium Publishing
Rakuten Group, Inc.
Storytel AB

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U.S. Audiobooks Market Report Highlights

· The non-fiction genre includes book categories such as autobiographies, memoirs, self-help books, travel guides, academic textbooks, and biographies.

· Based on preferred devices, the smartphone segment dominated the market and accounted for the largest revenue share of around 45.0% in 2023.

· The one-time download segment dominated the market and accounted for the largest revenue share in 2023. People fond of reading and listening to audiobooks prefer to buy a single high-quality audiobook.

· Based on target audience, the adults segment dominated the market and accounted for the largest revenue share in 2023. The growth of this segment is fueled by the trend of companies releasing audiobooks that are particular to a community or location to draw customers and create a competitive edge in the market.

Recent Developments

· In January 2023, Apple Inc. launched AI-powered audio narration for selected titles on Apple Books. Users can figure out if the audiobook is AI-powered by checking ‘Apple Books’ in the narrator section for those specific titles.

· In January 2023, Google LLC partnered with Bookwire, a digital publishing company, to offer auto-narrated audiobooks using its text-to-speech technology. This technology is expected to help the company cater to the needs of a larger customer base with complete production and quality assurance.

AI In Aerospace And Defense Market To Reach $43.02 Billion By 2030

Artificial Intelligence (AI) is revolutionizing the aerospace and defense sectors, bringing about significant advancements and new possibilities. The integration of AI in aerospace and defense will continue to evolve, bringing about transformative changes and new possibilities. While there are challenges such as data security and infrastructure requirements, the potential benefits are immense.

The global AI in aerospace and defense market size was valued at USD 22.45 billion in 2023 and is projected to grow at a CAGR of 9.8% from 2024 to 2030. AI-driven systems analyze data from various sources to optimize maintenance schedules, manage supply chains, and improve logistics.

In aerospace and defense, AI-driven design tools and simulations are transforming the development and manufacturing processes. AI algorithms enhance the design phase by providing more accurate simulations and predictions, leading to innovative solutions and reduced design errors. AI-powered generative design tools can explore a broader range of design possibilities, optimizing for performance, weight, and cost. Additionally, Artificial Intelligence (AI) helps in creating detailed digital twins of systems, allowing for extensive virtual testing and validation before physical prototypes are built. This approach accelerates the innovation cycle, improves product reliability, and lowers production costs, contributing to more efficient and cost-effective development processes.

Key AI In Aerospace And Defense Companies

· Deutsche Telekom AG

General Electric Co.
Honeywell International Inc.
Indra Sistemas SA
Infosys Ltd.
Intel Corporation
International Business Machines Corporation
Iris Automation Inc.
Lockheed Martin Corporation
Microsoft Corporation
Northrop Grumman Corporation
NVIDIA Corporation
Raytheon Technologies Corporation
SparkCognition Inc.
Thales Group

AI In Aerospace And Defense Market Report Highlights

· The hardware segment accounted for the largest market share in 2023. The market is driven by the increasing demand for advanced computing and processing power necessary for AI applications.

· The on-premises segment accounted for the largest market revenue share in 2023. The market is growing due to the need for secure and controlled environments where sensitive data and applications can be managed with high confidentiality.

· The airborne segment accounted for the largest market revenue share in 2023. The market is driven by the growing use of AI technologies in aviation and military aircraft to enhance operational capabilities and safety.

· The machine learning segment accounted for the largest market revenue share in 2023. The market is driven by the ability to analyze complex datasets and make data-driven predictions.

· Surveillance and monitoring accounted for the largest market revenue share in 2023. The market is expanding due to the critical need for enhanced security and situational awareness.

· The government & law enforcement segment accounted for the largest market revenue share of 51.0% in 2023. The market is growing due to the increasing adoption of AI technologies for public safety and security.

· North America AI in aerospace & defense market accounted for the highest market revenue share of nearly 40% in 2023. The market is driven by significant investment in research and development, technological innovation, and the presence of major defense contractors and aerospace companies.