Infrared sensor market was valued at $1.5 billion in 2025 and is projected to reach $2.9 billion by 2035, growing at a CAGR of 7.0% during the forecast period (2025–2035). Infrared sensors are electronic devices that are capable of detecting the infrared rays that objects emit and transforming them into electrical impulses. Some of the applications to which they are applied include motion detection, temperature measurements, gas detection, and surveillance. The applications of IR sensors include consumer electronics, healthcare, aerospace, automotive, and industrial applications. The high rate of adoption of the infrared sensors in the market has resulted from the high adoption of automation technologies and connected devices. In addition, new technologies in miniaturization, sensitivity, and power efficiency are enabling firms to create small infrared sensing systems, and a boom is occurring in the market.

Data center memory market was valued at $55.6 billion in 2025 and is projected to reach $321.5 billion by 2035, growing at a CAGR of 18.3% during the forecast period. Data center memory represents an essential part of the current computing infrastructure, which allows for the fast processing, storage, and analysis of data. Memory technologies such as DRAM, High Bandwidth Memory (HBM), and storage class memory are critical for the effective management of large volumes of data within a hyperscale data center for cloud computing, artificial intelligence, and high-performance computing. With the rising need for digital technologies across the globe, the adoption of advanced memory technologies within data center infrastructures is gaining traction.

Automotive semiconductor market was valued at $79.7 billion in 2025 and is projected to reach $177.6 billion by 2035, growing at a CAGR of 8.4% from 2026 to 2035. Market growth is supported by rising semiconductor integration in vehicle electronics, increasing adoption of advanced driver-assistance systems (ADAS), and expanding electrification across passenger and commercial vehicles. The growing integration of electronic control units, sensors, and power management chips across modern vehicles is contributing to higher semiconductor consumption in automotive manufacturing. Automakers are increasingly incorporating microcontrollers, processors, and analog integrated circuits to support vehicle safety systems, connectivity, and powertrain management. Another factor supporting market expansion is the increasing deployment of advanced driver-assistance systems and autonomous driving technologies.

US thermoplastics market size is anticipated to reach $81.6 billion by 2035 and is projected to grow at a CAGR of 2.2% from 2025 to 2035, according to a new report by Orion Market Research. The US thermoplastics marketplace is defined by sustained product innovation, a broad industrial customer base, and the strong presence of both domestic polymer manufacturers and multinational material science corporations. The country represents one of the most advanced global centers for high-performance plastics, with producers focusing on specialty compounds, lightweight engineering resins, and application-specific formulations designed for automotive, aerospace, construction, medical, and consumer goods industries. Material suppliers increasingly prioritize enhanced durability, heat resistance, impact strength, and recyclability to address evolving performance and sustainability expectations across end-use sectors.

US IoT market size is anticipated to reach $183.7 billion by 2035 and is projected to grow at a CAGR of 23.5% from 2025 to 2035, according to a new report by Orion Market Research. The US IoT market is characterized by advanced technological capabilities, a mature semiconductor ecosystem, and extensive high-speed connectivity infrastructure. The country continues to position itself as a global innovation leader in connected devices, smart manufacturing, industrial automation, healthcare IoT, and intelligent infrastructure, with solution providers emphasizing AI-driven analytics, edge computing frameworks, and 5G-enabled networks to address evolving enterprise and government requirements.

US factory automation market size is anticipated to reach $64.2 billion by 2035 and is projected to grow at a CAGR of 4.2% from 2025 to 2035, according to a new report by Orion Market Research. The US factory automation marketplace is defined by sustained technological innovation, a diversified industrial demand base, and the strong presence of both domestic automation providers and multinational engineering corporations. The country represents one of the most advanced global centers for intelligent manufacturing systems, with companies focusing on industrial robotics, programmable logic controllers, motion control solutions, and integrated software platforms tailored to automotive, aerospace, electronics, pharmaceuticals, food processing, and consumer goods industries. Solution providers increasingly prioritize precision control, operational efficiency, system flexibility, and cybersecurity resilience to address evolving production requirements and competitiveness standards across end-use sectors.

UK IoT market size is anticipated to reach $30.2 billion by 2035 and is projected to grow at a CAGR of 22.7% from 2025 to 2035, according to a new report by Orion Market Research. The UK IoT market is characterized by advanced digital infrastructure, a strong research and innovation ecosystem, and the active presence of domestic and multinational technology firms. The country is strategically positioning itself as a key European hub for connected devices, smart manufacturing, healthcare IoT, fintech integration, and intelligent urban infrastructure, with solution providers emphasizing AI-enabled analytics, edge computing deployment, and 5G-supported connectivity to address evolving enterprise and public-sector requirements.

UK factory automation market size is anticipated to reach $14.1 billion by 2035 and is projected to grow at a CAGR of 3.9% from 2025 to 2035, according to a new report by Orion Market Research. The UK factory automation market is characterized by consistent technological advancement, a broad industrial demand profile, and the active participation of domestic automation specialists alongside multinational engineering firms. The country serves as an established hub for advanced manufacturing and smart production systems, with companies concentrating on industrial robotics, programmable logic controllers, motion systems, machine vision technologies, and integrated industrial software platforms. These solutions are widely deployed across automotive manufacturing, aerospace engineering, pharmaceuticals, food and beverage processing, energy systems, and high-value consumer goods industries.

SmartNIC & DPU market was valued at $1.1 billion in 2025 and is projected to reach $4.2 billion by 2035, growing at a CAGR of 14.5% during the forecast period (2026-2035). Advancements in programmable networking hardware are increasingly influencing the expansion of the SmartNIC and DPU market, particularly as vendors integrate SmartNIC modules within modern network appliances and edge computing platforms. In February 2025, Lanner Electronics Inc. introduced a next-generation network appliance powered by the Intel Corporation Xeon 6 processor and a SmartNIC based on the Intel NetSec Accelerator reference design. The platform is designed to accelerate network security processing, data traffic inspection, and high-throughput networking workloads within modern digital infrastructure. The solution enables hardware-based acceleration for demanding workloads such as deep packet inspection, intrusion detection, and encrypted traffic processing, which are becoming increasingly common in large enterprise and cloud environments.

Silicon photonics for data center market was valued at $1.3 billion in 2025 and is projected to reach $13.5 billion by 2035, growing at a CAGR of 26.5% during the forecast period (2026-2035). Rising investment in hyperscale data center infrastructure is creating strong demand for advanced optical interconnect technologies, including silicon photonics solutions. Major cloud service providers such as Amazon, Microsoft, Google, and Meta significantly increased capital expenditure on data center expansion in 2024, collectively investing more than $200 billion, representing a notable increase compared with the previous year. Amazon reported capital expenditure of approximately $85.8 billion, while Microsoft and Google recorded $44.5 billion and $52.5 billion respectively, reflecting continued investment in large-scale computing infrastructure. Capital deployment is expected to remain elevated in 2025, with Amazon’s spending projected to exceed $100 billion and both Microsoft and Google anticipated to surpass $80 billion as they expand AI and cloud computing capacity.