How Does High-Range Voltage Contribute to Multi-Layer Ceramic Capacitor (MLCC) Market?

 In 2021, the multi-layer ceramic capacitor market contributes $12.2 billion in revenue, and it is projected to rise to $34.6 billion in 2030, progressing at 12.3% from 2021 to 2030. Moreover, the automotive category holds the significant multi-layer ceramic capacitor market share, accounting for revenue worth $4.8 billion, and it is expected to rise at a rate of 12.4% in the coming years. The rising adoption of EVs and self-driving vehicles in the automotive industry, with increasing government support for mandatory ADAS systems, and smart technologies for automotive manufacturing implementation drives the market. 

Multi-Layer Ceramic Capacitor Market Outlook Growth Forecast to 2030

Moreover, MEMS introduction linked with ADAS, technical improvements in infotainment, connected cars developments, and integration of IoT devices in automobiles, results in the surging requirement of the electronic control units, which results in the growing demand for the high-capacitance MLCCs, that bolsters the expansion of the multi-layer ceramic capacitor market. The continuous technological advancements in the automotive sector require improvements in the safety feature, component downsizing, and high capacitance. In addition, the surge in the usage of electronic components in vehicles such as engines, infotainment devices, engines, and powertrains require MLCCs and thus drive the market. 

The general capacitors hold a significant share of the multi-layer ceramic capacitor market, ascribed to the wide application of the general capacitors in the market, along with the availability of a wide range of capacitances and sizes. It is projected to experience the fastest growth at a rate of 12.3% in the coming years. In addition, the growing requirement for general capacitors in various applications such as cellular cellphones, DC-DC converters, memory modules, gaming machines, televisions, and LCDs drive the market. Moreover, the universal capacitors help in reducing the noise from electronic circuits, and their small size facilitates the easy installation of electronic equipment. 

In addition, the high-range voltage category captures the extensive multi-layer ceramic capacitor market share, accounting for 48.2%, attributed to advanced ceramic dielectric multi-layering and thin-layer methods widely utilized in the high-range MLCC capacitors to facilitate electronic systems with high capacitance. They are also utilized in various applications, such as coupling capacitors, lighting ballasts, high-voltage coupling capacitors, and inverter circuits. 

Furthermore, the numerous advantages of the mid-range voltage MLCCs, such as no polarity, low leakage, low cost, and high capacitance-to-volume ratio allow application in various electronic systems. Moreover, electrolytic capacitors have lower ESL/ESR and stronger mechanical strength compares to electrolytic capacitors.

APAC is projected to experience massive sales in the multi-layer ceramic capacitor market, amounting to $5.1 billion, and the regional market is projected to retain its dominance in the near future, progressing at 13.0%, owing to a surge in the application of renewable energy products and MLCC-based electronic components in the automobile sector in the region, resulting in the increased demand for MLCCs from end-use sectors. 

Additionally, China has retained its place in the list of top manufacturers of MLCCs, with a massive local presence. The MLCC producers in the country are focusing on expanding themselves with the increased supply of consumer electronics. Moreover, the surge in the requirement for consumer electronics in developing countries such as China and India, bolsters the MLCCs consumption, resulting in market proliferation. 

Therefore, the massive application of general capacitors such as televisions, LCDs, DC-DC converters, memory modules, and gaming machines results in market proliferation

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How Does Face Recognition Technology Offer High-Level Security?

 The contactless biometrics market contributes $17,389.2 million revenue in 2021, and it is projected to rise at a rate of 14.6% from 2021 to 2030, and generate $59,501.4 million revenue by 2030. It is ascribed to the rising preference for contactless biometric technologies, increasing security concerns, and government initiatives that encourage contactless biometric systems. For example, there is an ongoing progression in the implementation of Aadhar for contactless and facial authentication for various services. Thus, it will boost the banking and financial services sector. 

Contactless Biometrics Market Outlook Forecast to 2030

The contactless biometric systems are utilized for forensics & criminal identification, access control, onboarding, and KYC. The rising identity theft & fraudulent activities, along with increased usage of the digital identity for various use cases across verticals result in the growing demand for the systems for forensic and criminal identification purposes. 

The software category holds a significant share of the contactless biometric industry, accounting for 40%, and it is projected to retain its position in the coming years, due to the growing demand for software to enhance device compatibility for various applications. In addition, the rise in the queue-less passenger checks demand, fast and secure access controls, seamless border crossing, and quick identification to facilitate ease of convenience and security boost the industry growth. 

The services category captures the third position, regarding market share, and it is projected to witness higher growth in the near future. It is ascribed to the training & consulting services, feasibility assessment services, analysis, and advisory services, and managed services, as they hold prominence for end users for efficiently operating the biometric systems. 

Face recognition technology captures a significant share of the contactless biometric industry, ascribed to wide usage by end users, as it is reliable, economic, and facilitates high-level security. The iris recognition technology is projected to reflect the fastest growth in the coming future, ascribed to the technology that keeps away facial recognition drawbacks. This technology functions by exposing the iris to infrared light that discloses internal complex patterns. 

Furthermore, the contactless biometric card technology demand is projected to register the highest growth in the coming years, led by an extensive rise in contactless payments. Therefore, companies are focusing on advanced facial recognition software and solutions development, which in turn proliferates the contactless payments industry. 

Under the end-user segment, the government sector generates the largest revenue share in the contactless biometrics industry, accounting for 30%. It is led by the massive adoption of contactless biometric systems by numerous national governments. For example, contactless e-channels are installed at Hong Kong International Airport with QR code scanning and facial recognition technology for immigration. 

North America holds the extensive share of the contactless biometrics industry, accounting for 30%, ascribed to the demand for seamless border crossing, speedy identification of individuals, rapid and secure access controls, and queue-less passenger checks. In addition, the illegal immigrants inflowing, unexpected terrorist operations results in growing security concerns, which in turn boost the demand for contactless biometric solutions in the region. 

The next-largest contributor to the industry is Europe for the contactless biometrics industry. It is projected to witness the fastest growth in the near future, ascribed to the rising adoption of touchless biometric systems in government and military applications in the nation. 

Therefore, the surging demand for contactless biometric solutions led by the rising security concerns, and the efficiency of these systems boost the industry.

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Telecom Power System Market To hit a Value of Above $7,360 Million in 2030

The total size of the telecom power system market was above $3,974 million in the year 2021, and it will reach a value of above $7,360 million in 2030, advancing at a CAGR of over 7% by the end of this decade. The growth is helped by the increasing penetration of telecom towers in diverse regions, like APAC and Africa, and the booming acceptance of telecom services.

The largest share in the telecom power system market, of about 30%, was with generators, as they are considerably utilized as a standby source of power to offer safe operations against power cuts and insufficient power supply. Furthermore, diesel is less inflammable as compared to natural gas, thus it is a safer fuel for generators for backups of telecom towers. Further, diesel generators last longer than others, since they operate at lower temperatures.

North America will be the fastest-growing market in the near future, because of the solid network connectivity, 4G-LTE networks, and mobile usage. The growing ICT industry, comprising telecommunications along with high-tech sectors, is probably at the center of the market growth of the region. Additionally, the U.S. will register a more distinct 5G cycle with peak smartphone growth in the future, which will further tempt service providers to create better telecom infra. 

DC power systems had over 60% demand in 2021 and will lead the telecom power system market in the years to come too, because of the wide uses of DC power systems in the telecom industry. This power is not restricted to frequency disparity or leading power factor. Moreover, it can be stowed, and hence, backup for telecom buses can be provided by batteries without a power conversion loss. 

With the increasing use of smartphones and a developing telecom infra, there is a surge in the demand for telecom power systems around the globe.

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How Does Inexpensive Raw Materials in Agrarian Economies Boost the Ammonium Sulfate Market?

The ammonium sulfate market contributed $2,775.7 million in revenue in 2021, and it is predicted to capture $4,847.9 million revenue in 2030, advancing at a rate of 6.4% in the near future. The dynamic nature of the industry with constant evolvement leads to market proliferation with numerous entities functioning in the global ecosystem that causes tremendous improvement.

Under the end-use sectors, technological advances such as a rise in the manufacturing capacity of companies, geographical expansions, and process innovations are projected to drive the ammonium sulfate market in the coming years in order to cater to the larger consumer base. The increasing dependence of the global farming community on various agricultural inputs such as pesticides and fertilizers is expected to surge the usage of advanced ammonium sulfate as a substitute of nitrogenous fertilizer.

There is no substitute available in the market to replace the ammonium sulfate among agricultural fertilizers. Moreover, the usage of ammonium sulfate is limited to several crops only such as maize, and soybean, resulting in a minor threat of being replaced with a substitute. Moreover, the supplier bargaining strength for the compound is moderate, considering the integrated operations of the feedstock, sulfuric acid, and ammonia suppliers, and their rising penetration in the global agriculture sector.

North America captures the largest ammonium sulfate market share, due to the region being among the significant agricultural hubs and homogenous to the farmer role. It has sufficient water, fertile land, and infrastructure with entrepreneurial farmers that provide a competitive advantage to the region. In addition, the U.S. is the significant fertilizer producer in the region, owing to the massive production of ammonium sulfate and urea.

Therefore, the agricultural application of ammonium sulfate propels the market, due to the increased requirement to high yield crop production.

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Why did APAC Held Highest Revenue Share in Basalt Fiber Market?

In 2021, the basalt fiber market generated $283.8 million worth, which is expected to touch $798.6 million by 2030, progressing at a 12.2% CAGR from 2021 to 2030. This is owing to basalt fiber can take the place of glass fiber as a possible polymer reinforcing component in polymer matrix composites. Thus, it has a wide range of uses in hot gas filtration processes, civil construction, engineering, concrete reinforcement, composite tissues, laminates, and prepregs, as well as electro-technical applications.

The category of fabrics, which accounted for the biggest revenue share of the basalt fiber market in past, is predicted to advance at a CAGR of more than 12% in this decade. Basalt textiles are compatible with polyester, and vinyl ester and are utilized with resin for molding and selective reinforcing of laminates.

In the coming years, it will grow requirement for composites constructed from basalt fibers would grow at a higher CAGR of over 12%. This is so that they can have mechanical properties that are better than those of glass-fiber-reinforced composites, such as epoxy-bonded pultrusion basalt-fiber composite materials with 80% fibers. In addition, basalt-plastic composite bars outperform their metallic counterparts in terms of workability, specific gravity, water absorption, and corrosion resistance.

The APAC basalt fiber market earn the most revenue in 2021, around $150 million in past. The primary cause of this is the rapid industrialization and urbanization that is occurring in growing economies throughout the APAC region. Additionally, Chinese businesses are investing in the development of a specific kind of high-tech fiber with competitive pricing and superior performance to stay up with the nation's shifting industrial trends.

The basalt fiber market is predicted to grow in the next years as residential facility development will continue to be brisk as a result of the low rates on house loans and government incentives. Plastic reinforced with basalt fibers has a density that is 4.2–5.0 times lower and a tensile strength that is 2.0–2.5 times higher than steel. By substituting one kilogram of basalt-plastic reinforcement for nine kilograms of steel, structural structures may be made lighter.

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How Does the 4th Industrial Revolution Proliferate Call Center AI Market?

 In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media.

In order to pace up the 4th industrial revolution, businesses across various industries are adopting advanced technologies such as artificial intelligence, machine learning, and mobile supercomputing that in turn, will fuel the demand for call center AI software in the near future. More than 7500 businesses worldwide use AI, which signifies a 35% adoption rate in 2022, showing a 4% increase from the previous year, according to a survey. In addition, 66% of companies are planning or have already begun the execution of AI applications to stay in the market competition in the near future.

Call Center AI Market Analysis Demand Forecast Through 2030

Moreover, the cloud category is projected to generate the highest sales in the call center AI market, progressing at a 24.3% rate from 2021 to 2030, attributed to the public, private, and hybrid cloud technologies which offer remote access and flexibility. Organizations opt for this deployment mode, due to hosting on software on the server of the vendor that can be accessed through a web browser. It mitigates the requirement of regular updates and allows remote access of data to users with hassles.

Furthermore, traditional cloud-based call centers are inexpensive compared to on-premises call centers, hence boost call center AI market, owed to minimal investment and ease of deployment luring businesses to adopt it. In addition, cloud-based software offers multiple plans to select the one that fits the requirement and budget. The rise in software demand is owed to the inexpensive, high scalability, and ease of use features. In addition, it improves operational efficiency, reduces operational costs, and enhances the productivity of the workforce.

Moreover, this software alleviates the full-time work model from the call center, making it a cost-effective solution for SME organizations. Applications include interactive voice response technology that reduces costs involved in the associated and live call attending services by directly routing the call to the right department agent by voice commands, resulting in the expansion of the market.

Furthermore, the COVID-19 pandemic outbreak propels the call center AI market due to a significant rise in the overall call volume to call centers. According to a report, over 300% rise in calls were witnessed during the early phase of the global pandemic lockdown. In addition, IBM Watson Assistant experienced a 60% surge in the monthly active users from the first to last month of 2020 which resulted in an increase in investments of the businesses for software to automate processes and increase the efficiency of redundant tasks.

North America captures the largest call center AI market share, and it is predicted to generate revenue worth $6,582.4 million by 2030, advancing at a rate of 23.3% during the forecast period, led by the strong presence of the key players in the region and the increased investments made on call centers to facilitate efficient services to retain customers across industries.

Therefore, the inexpensive solutions, high efficiency, and improved productivity with remote access proliferate the market.

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Non-Residential Category Held Largest Share in Central Vacuum Cleaner Systems Market

The central vacuum cleaner system is a particular kind of vacuum cleaner device that is mounted inside a structure as a temporary installation. To remove dirt and trash from houses and buildings, central vacuum systems use tubing installed within the walls to transport the dirt particles to a collecting receptacle in distant utility space. The central vacuum cleaner systems market is expected to reach $948.9 million by 2030.

Systems with bags are widely favored in the central vacuum cleaner market, and the requirement for such systems is anticipated to grow significantly in the future since they are sanitary, simple to clean, and require less maintenance. However, bagless devices are mostly employed in environments where the dust contains metallic particles that might damage bags.

The central vacuum cleaner market is accounted for 60% share by ground-mounted systems, which are predicted to increase more quickly over the projection period. The rise is mostly due to the widespread use of central vacuum cleaners, which have more suction strength than wall-mounted systems, in non-residential spaces like commercial and hospital buildings.

Furthermore, it is expected that the residential sector would increase significantly during the next several years. This might be attributed to the rising demand for cutting-edge cleaning equipment brought on by an aging global population and dual-income homes. The kitchen and carpet are the two most common applications in this category, although waste collection and auto cleaning are also in high demand.

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