Infrastructural development represents a country’s economic growth, since with an enhanced infrastructure, the nation is able to provide better facilities to the general public. Attributed to this, developing and developed countries, including U.A.E., are investing heavily in their construction sector.
The population continues to explode, with 9.7 billion people estimated to inhabit the earth in 2050, compared to 7.7 billion in 2017, according to the United Nations. The already growing population is moving to cities, from rural and semi-rural areas, in search of jobs and better living conditions.
The major reasons behind the prosperity of the motion sensor market are the increasing demand for consumer electronics and the expansion in the worldwide automotive industry.
Other than the education sector, interactive displays are also used in the industrial, retail, banking, financial services, & insurance (BFSI), transportation, corporate & government, and healthcare & hospitality sectors. LCD as well as LED interactive displays come in the form of monitors, kiosks, tables, flat panels, video walls, and whiteboards.
Energy harvesting systems comprise storage systems, transducers, and power management integrated circuits. The demand for transducers is expected to be the highest in the coming years, which is primarily ascribed to the rising adoption of internet of things by several industries, technological innovations in networking and power intelligence, and declining cost of actuators and sensors.
The Saudi Arabian heating, ventilation, and air conditioning (HVAC) market is growing on account of the rising infrastructure spending and expanding hospitality sector in the country.
The photonics market is growing on account of the increasing demand for this technology in communication devices and strong focus on energy efficiency. Such places receive, process, and transmit terabytes of data per second, which is why they are adopting fiber optics interconnects and servers.
A key trend in the U.A.E. heating equipment market is the rising demand for energy-efficient heating systems. As compared to traditional options, energy-efficient systems utilize a lot less power, which aids in decreasing the emission of greenhouse gases.
One of the biggest factors fuelling the growth in the demand for horticulture lighting across the world is the rising need for food items, on account of the surging population level. According to the United Nations, the global population level is set to increase from 7.7 billion in 2019 to 8.5 billion in 2030.
Crime and terrorism activities across the globe, including the Asia-Pacific (APAC) region,have been rising rapidly. Terrorism activities are mostly related to data breaches for gaining access to confidential data.