News
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February 13, 2023
The global OEM insulation market is one that is expected to grow steadily over the course of the next decade, according to a new study published by Precedence Research. The research predicts that the OEM insulation market size will rise to approximately €49.74 billion ($53.2 billion) by the year 2030, which would be a compound annual growth rate of 5.59% from the market's €13.56 billion valuation in 2022. Precedence Research cites a number of reasons as to why the OEM...
A study conducted by Cognitive Market Research suggests that the global memory device market will have a compound annual growth rate of 16.2% from 2023 to 2030, but what are the drivers of this expanded market? The global memory device market is predicted to have a valuation of approximately €349.91 billion ($376.84 billion) by the year 2030. Market growth is found to be driven by different factors, including the rapid development in digitisation and automation, especially...
February 8, 2023
Household Appliances
News
Artificial intelligence (AI) is set to revolutionise consumer robotics as robots become more capable of processing data, making decisions and interacting with humans says Forbes Bhavya Gohil, CEO of the smart toys and games start-up, Square Off, writing in Forbes, says artificial intelligence (AI) will have a favourable effect on the future of consumer robotics as it opens up new possibilities that will allow robots to perform a broader range of tasks more efficiently....
Computing
Gaming
VividQ, a UK-based specialist in holographic display technology for AR gaming, and Dispelix, the world's leading waveguide designer and manufacturer, have announced a breakthrough in 3D waveguide technology, which will allow users to enjoy immersive AR gaming in a natural and comfortable way not known before. Described by the gaming industry as ‘quasi-impossible' only two years ago, according to a statement, the two companies have designed and manufactured a ‘waveguide...
News
Deloitte forecasts marketers will experience tech breakthroughs, increased consumer focus on sustainability and more in 2023 according to its annual report. Tech breakthroughs are on the horizon for marketers in 2023, as the new year presents new challenges and opportunities. Business leaders and marketers are setting their sights on embracing trends and solutions that can set them up for success. Curated through surveys and in-depth conversations with more than 1,000...
Communication & Connectivity
News
Information and speculation about future smartphones has been revealed, with the next generation from Samsung and OnePlus set to drop as early as February The future smartphones of 2023 are on the horizon with major releases expected from Apple, Samsung, Google and OnePlus. Samsung and Oneplus will be among the first to launch new phones in February. Samsung's Galaxy S23 is set to drop on February 1 shortly followed by the OnePlus 11 5G with its global launch on February 7....
Fitness
Digital Health & Wearables
Household Appliances
News
US engineers are developing a smart walking stick for blind and visually impaired people using advances in artificial intelligence. The smart walking stick could help blind people navigate tasks from shopping for a bag of rice at the supermarket to choosing a quiet place to sit in a busy cafe. It comes from a study at the University of Colorado Boulder by doctoral student Shivendra Agrawal and his colleagues of the collaborative AI and robotics lab. “I really enjoy grocery...
Household Appliances
The household appliances market size will grow reach over a trillion euros ($1.096 trillion) by the year 2030, according to a study by Precedence Research. But what are the key drivers for this market growth in the years to come? A number of Technological advancements have been identified in the study as key reasons why the global household appliances market is expected to grow so much in the next seven years. Precedence Research cites the proliferation of digital...
News
The global pandemic was a driver of growth within the European consumer electronics market. A new report published by RetailX predicts which factors will influence the industry at large moving forward. The report from RetailX begins by offering a short history of the annual revenue within the consumer electronics market. The market reportedly had its first major shift during the 1970s, thanks to product innovations in gaming, home computing, hi-fi sound systems and...
Fitness
Digital Health & Wearables
News
The digital fitness and well-being devices segment is forecast to reach US $68.01 bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023 to 2027) of 9.88%, resulting in a projected market volume of US $99.13 bn by 2027, according to figures from Statista. A key device within the digital fitness and well-being sphere is the fitness tracker. Most models are wrist-based, though clip-ons and fitness-tracking rings are also popular. Products have also launched...
Household Appliances
A new survey of 6,000 homeowners and renters from across the globe, commissioned by leading appliance brand, Beko, has revealed that nearly 9 in 10 (89%) respondents globally ignore what's best when it comes to energy efficiency in the home, despite 80% of those surveyed knowing how to use their household appliances in an energy efficient way. The survey looks at global consumer attitudes and behaviours concerning energy efficiency and is part of its latest campaign to shed...
News
The shareholders of gfu Consumer & Home Electronics GmbH, organiser of IFA, have elected a new supervisory board including representatives from BSH, Miele and Panasonic. IFA organiser gfu has announced the latest executives to join the ranks of its supervisory board from January 2023. The unanimously elected board members include Harald Friedrich, from BSH Hausgeräte, Frank Jüttner, from Miele, and Philipp Maurer, of Panasonic Germany, who will also take on the role of...
January 17, 2023
Trade talk
News
Global market research company Euromonitor International released its landmark “Top 10 Global Consumer Trends 2023” report on Monday. Euromonitor's annual report aims to help organisations stay ahead of disruption, predict consumer shopping motivations and fulfil unmet consumer needs. The company highlighted some of the factors that will define global trends in 2023: consumers spending responsibly but emotionally, the role of digitisation in purchasing processes, female...
January 11, 2023
Smart Home
The Home Connectivity Alliance (HCA) has announced a new specification for “better interoperability across connected homes”. The Home Connectivity Alliance, a member-driven organisation featuring Samsung among its 15 global brands, recently announced HCA Specification 1.0 for Cloud-to-Cloud (C2C) interoperability in smart homes. The goal of the alliance is to develop safe and interoperable standards for smart and connected homes. “Through combined industry efforts in...
January 5, 2023
Household Appliances
Energy-efficient household appliances and smart gadgets that contribute to saving power will become must-have items in the new year as utility bills continue to soar, says Techradar. Against a backdrop of inflation and rising utility prices, the tech buying advice service put together a list of essential household appliances for saving energy in the new year. Using financial journalist Martin Lewis' energy cost-cutting calculation system, Techradar identified five types of...
January 4, 2023
Communication & Connectivity
News
Exploring a new way to teach robots, researchers have found that human-language descriptions can accelerate the learning of a simulated robotic arm lifting and using a variety of teaching tools. The best teaching tools for robots might simply be to speak to them clearly, according to new research from Princeton University. The findings add to existing evidence that providing richer information during AI training can make autonomous robots more adaptive to new situations,...
January 3, 2023
Fitness
Digital Health & Wearables
News
Scientists are developing artificial intelligence and talking robots to help detect urinary tract infections in vulnerable people at an earlier stage. Specialist AI and robots are being developed as part of a £1.1 million Feather project which aims to increase health and wellbeing. The project, led by the School of Informatics, also aims to reduce the number of serious outcomes from incorrect or late diagnoses of urinary tract infections (UTIs). The AI and socially...
December 28, 2022
Fitness
Digital Health & Wearables
Healthcare technology firm MAPay announced it will create the first 100 million NFTs (non-fungible token) for digital health data on the blockchain. MAPay has partnered with the Ministry of Public Health and Family Welfare in the Government of Maharashtra, India, with the intention of providing its NFT technology to store personal health data on the blockchain. It has been reported that over 100 million NFTs will be introduced for the purpose of securing personal health...
Computing
Gaming
News
New research has indicated that the global market size for artificial intelligence software is predicted to reach over a trillion dollars by 2032. But what are the key drivers for this fast-rising industry? In 2022, the global market size of artificial intelligence software was worth approximately €129.8 billion ($138.4 billion), according to Precedence Research. AI assistants, machine learning and voice recognition are just some of the examples of how artificial...
A new report has revealed that rise in demand for online video games has helped drive the digital media production software market, with Allied Market Research estimating that the sector will be worth approximately €33.49 billion ($36.3 billion) by the year 2031. The report determines that the outbreak of the Covid-19 pandemic was a positive driver for the digital media production software market, as it led to a dramatic rise in demand for consumers to engage with digital...