SALT™ Lighting & Sensing Systems #12161
SALT™ Lighting & Sensing Systems #12161
Uriel Corporation® (DBA: "Epic Ventures™") Projects
Total Value of the Lighting & Sensing Systems Industry:
Lighting Market Size, Share & COVID-19 Impact Analysis, By Lighting Type (LEDs, CFLs, LFLs, HIDs, Halogens, and Incandescent), By Application (General, Automotive, Backlighting, Others), by End User (Residential, Commercial and Industrial) and Regional Forecasts, 2020-2027:
The global lighting market size was $118.33 billion in 2019 & is projected to reach $163.72 billion by 2027, exhibiting a CAGR of 4.3% during forecast period
Source: www.fortunebusinessinsights.com
LED Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026):
Market Overview:
The LED lighting market was valued at USD 75.81 billion in 2020, and it is expected to reach USD 160.03 billion by 2026, at a CAGR of 14.25% over the forecast period 2021 - 2026. An estimated savings of USD 18 billion in electricity costs can be achieved by transitioning to energy-efficient LEDs. Furthermore, more than 160 million metric tons of carbon dioxide emissions can be avoided every year.
- Lighting accounts for nearly 10% of electricity usage in households and 18–40% of commercial premises. There is a growing need for energy saving across the world, which is creating scope for the market. It is expected that the transition to energy-efficient lighting would reduce the global electricity demand for lighting by 30-40% in 2030.
Source: www.mordorintelligence.com.
Sensor Market by Type (Radar Sensor, Optical Sensor, Biosensor, Touch Sensor, Image Sensor, Pressure Sensor, Temperature Sensor, Proximity & Displacement Sensor, Level Sensor, Motion & Position Sensor, Humidity Sensor, Accelerometer & Speed Sensor, and Others), Technology (CMOS, MEMS, NEMS, and Others), and End User (Electronics, IT & Telecom, Industrial, Automotive, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030:
Market Definition:
The Global Sensor Market was valued at USD 151.40 billion in 2020, and is expected to reach USD 431.21 billion by 2030, registering a CAGR of 11.3%, during the period of 2021-2030. Sensor is a semiconductor device that detects sudden changes in surroundings and provides subsequent response. Sensor is widely used for detecting various physical changes in the environment such as the amount of light, heat, moisture, motion, and pressure among others. Its application areas include electronic devices, avionics, military hardware, industrial automation, mobile phones, medical equipment, security, transportation, IT infrastructure and communication among others. There are specific types of sensors available for specific applications in different industries. For example, motion sensors are used mostly in transportation sector, while optical sensors are mostly used in military applications, whereas electromagnetic sensors are used to monitor CO2 emissions in various industries.
The highest consumption of sensor is found in consumer electronic products, followed by automotive, and IT & telecom. A single smartphone alone may contain multiple sensors such as accelerometer, gyroscope, ambient light sensor, proximity sensor, and temperature detector for accomplishing different tasks.
Source: www.nextmsc.com.
Sensors: Technologies and Global Markets:
Report Highlights:
The global market for sensors is estimated to grow from $205.2 billion in 2021 to reach $411.2 billion by 2026 at a compound annual growth rate (CAGR) of 14.9% during the forecast period of 2021-2026.
Source: www.bccresearch.com.
Sensor Market Outlook – 2028:
The global sensor market size was valued at $166.69 billion in 2019, and is projected to reach $345.77 billion by 2028, to register a CAGR of 8.9% from 2021 to 2028. Sensors are the devices that detect events or changes in environment and then provide corresponding output. They sense physical input such as light, heat, motion, moisture, pressure, or any other entity, and respond by producing an output on a display or transmit the information in electronic form for further processing. These have major applications in flood & water level monitoring systems, environmental monitoring, traffic monitoring & controlling, energy saving in artificial lighting, remote system monitoring & equipment fault diagnostics, and precision agriculture & animal tracking.
Source: www.alliedmarketresearch.com.
Requirements For National, Regional, or Global Commercialization:
1) Global Intellectual Property Cooperative Development Agreements. (To Be Discussed.)
2) Patent Litigation & Defense Fund/Insurance Cooperative Agreements. (To Be Discussed.)
3) Engineering, Development & Prototyping Cooperative Agreements. Estimated time required = 6 months to a year. (To Be Discussed.)
4) Key Executive & Project Commercialization Team Agreements, Employee Agreements, Recruiting Firm Agreements, Third-Party Operations Management Agreements, Installation & Service Technician Agreements, Warranty Services Agreements, and other Third-Party Consulting Agreements. (To Be Discussed.)
5) Production Manufacturing & Tooling Agreements. (To Be Discussed.)
6) Internal and External Marketing & Sales Agreements. (To Be Discussed.)
7) Website Development & Management Agreements; Social Media Development & Management Agreements; Online Advertising & Public Relations Agreements; E-commerce & E-Store Development & Management Agreements. (To Be Discussed.)
8) Distribution, E-Store, Manufacturing Rep, and Channel Partners Alliance Partner Agreements. (To Be Discussed.)
9) Equity Crowd Funding Platform Agreements; Fund-Raising Agreements; Loan, Credit Line, or other Financing Agreements; Business Broker Agreements, Merger & Acquisition Advisory Agreements, and or other related Agreements. (To Be Discussed.)
*NOTICE: Further Agreements or Other Agreements may be required for National, Regional, or Global Commercialization that may pertain to the project above. The Agreements shown above are only general requirements. Please further note that Uriel Corporation® (DBA: Epic Ventures™) reserves the right to cancel, abandon or withdraw, edit, amend, or replace this project for another project at its sole discretion. Uriel Corporation® (DBA: Epic Ventures™) reserves the right to remove this project from its activities, from its commercialization interests and from its pursuits. Please note that a listing on this site does not guarantee that this project will be commercially available, nor does a listing on this website guarantee that Uriel Corporation® (DBA: Epic Ventures™) will pursue any actual or potential collaborations with third parties. A project listing on this site does not guarantee that third parties will be able to participate in the commercial pursuit of this project or related ventures. Collaborations that might result from this listing are not guaranteed to succeed. Collaborators that wish to work with Uriel Corporation® (DBA: Epic Ventures™) on this project do so entirely at their own risk. Collaborators are urged to perform their own proper due diligence and they are urged to seek their own counsel to determine whether they should participate in this commercialization venture. All information, documents, designs, plans or other materials that may be obtained or communicated from Uriel Corporation® (DBA: Epic Ventures™) that may pertain to this project are the property of Uriel Corporation® (DBA: Epic Ventures™) and may be used by the recipient only for the purposes specifically intended by Uriel Corporation® (DBA: Epic Ventures™). The information that may be transmitted, including any emails, attachments, phone communications, faxes, snail mail, virtual meetings, physical meetings, or communications otherwise, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, re-transmission, dissemination, or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited, and all liability arising therefrom is disclaimed. All collaborators shall agree to enter into NDAs/Non-Compete Agreements that will be required before any collaborations related to this project are further formalized in writing.