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The growth of the market is attributed to the growing number of smart homes along with decreasing average selling price (ASP) of LED bulbs and drivers
The growth of the market is attributed to the increasing demand for smart glass across the automobile industry and declining prices of electrochemical
The increasing number of security breaches and extensive rise in the adoption of biometric systems in smartphones & IoT devices are the major factors
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Market Size – USD 2.26 Billion in 2019, Market Growth – at a CAGR of 3.8%, Market Trend – High demand from the APAC region.
Market Size – USD 1.96 Billion in 2020, Market Growth - at a CAGR of 5.8%, Market Trend – Rapid industrialization in developing countries