Burgeoning Demand for IoT, AI & Autonomous Vehicles to Augment ADAS Calibration Equipment Market US$ 900 million by 2033
In 2023, the market for ADAS calibration equipment is anticipated to reach around US$ 277.8 million. Global ADAC calibration sales are anticipated to grow at a CAGR of 12.6% during the following ten years. The market valuation is anticipated to reach US$ 911.2 million by the end of 2033. Modern vehicles’ Advanced Driver Assistance Systems […]
India Smartphone Market Declined by 16% YoY in 1Q23, says IDC
INDIA– According to the International Data Corporation ’s (IDC) Worldwide Quarterly Mobile Phone Tracker preliminary data, 31 million smartphones were shipped in India in 1Q23 (Jan-Mar), a decline of 16% YoY (year-over-year), and the lowest first-quarter shipments in four years. Consumer demand remained sluggish amid uncertain macroeconomic conditions and inventory levels were elevated because of high stocking in 2H22. […]
Kimball Electronics Announces 3rd Quarter Financial Results
JASPER, Ind. — Kimball Electronics, Inc. (Nasdaq: KE) announced financial results for the third quarter ended March 31, 2023. Net sales in the third quarter of fiscal 2023 totaled $484.7 million, an all-time quarterly high and up 32% year-over-year; foreign currency had a 2% unfavorable impact on net sales compared to the third quarter of […]
Future Electronics Montreal Headquarters Goes Green
Future Electronics is implementing eco-friendly changes at its Montreal office in an effort to reduce waste and increase sustainability. Pointe Claire, Quebec, Canada –Future Electronics, a leading global distributor of electronic components, is taking significant strides to reduce waste at its Canadian headquarters in Pointe-Claire. As of May 1st, 2023, employees will be required to […]
SIA Publishes the 2023 SIA Factbook: A Source for Semiconductor Industry Data
Global semiconductor sales data showed the industry experienced significant ups and downs in 2022. While chip sales reached the highest-ever annual total in 2022, the slowdown in the second half of the year substantially limited growth. Global semiconductor sales reached $574 billion in 2022, and U.S. semiconductor companies accounted for sales totaling $275 billion, or […]