The global piezoelectric devices market is anticipated to expand to USD 66 Billion by 2032 at a CAGR of 7.9%. The heavy demand for piezoelectric devices from various industries such as, consumer electronics, military & defense, healthcare, automotive, among others is the major factor driving the global piezoelectric devices market. With eco-friendly piezoelectric devices such as lead-free piezoelectric materials, the market is guaranteeing its sustained expansion in the upcoming years.
The global smart rings market is anticipated to reach USD 1.4 Billion by 2031, at a CAGR of 22.2%. The factors that drive the growth in the global smart rings market are rising health awareness & tracking, increased demand for wearable technology, technology advancements, innovation in design and functionality, the combination of fashion and technology, and integration with smartphones. With the advancement in artificial intelligence (AI) and sensor technology, the global smart ring market...
The global dishwasher market is anticipated to reach USD 17.5 Billion by 2031 at a CAGR of 7.9%. The main drivers of the global dishwasher market are changing lifestyle and urbanisation, which has heavily impacted the importance of time saving, and ease of convenience. Moreover, the key trends such as the rising smart home technology, wherein dishwashers take advantage of IoT features in order to operate and monitor remotely has brought new opportunities for the market growth in the upcoming...
The global smart toys market size is expected to expand to USD 32.9 Billion by 2031 at a CAGR of 12.7%. Technological advancements and educational advantages are the major factors for the surge in demand for smart toys globally. The advent of artificial intelligence (AI) and machine learning in smart toys is set to boost the global smart toys market in the upcoming years. Moreover, regional variations in consumer behavior, economic conditions, and degrees of technological adoption are the...
The global timing devices market is expected to expand to USD 10.2 Billion by 2031 at a CAGR of 7.8%. Due to the need for accurate timekeeping, growing industry use, and technical improvements, the global market for timing devices exhibits tremendous growth potential across several regions. There is a heavy demand from industries such as automotive, defense, and consumer goods, which are set to surge the global market expansion of timing devices in the upcoming years owing to the advent of...
The global 3D sensor market is anticipated to reach USD 14.4 Billion by 2031 at a CAGR of 16.5%. The main driving factor and the reason for strong growth in the global 3D sensor market is the rising usage of 3D sensors in healthcare applications like imaging, patient monitoring, and surgical planning. Similarly, the application of 3D sensors in multiple other industries such as the automotive, electronics, and defense industries is another major factor for the market growth in the past few...
The global power tools market size is expected to expand to USD 57.7 Billion by 2031 at a CAGR of 6.9%. The rapid infrastructure development worldwide, coupled with increased adoption of battery-powered power tools is the major factor driving the global power tools market. The governments, mainly in emerging economies, are undertaking various infrastructure development projects with aggressive investments, which has surged the sales of power tools globally. Moreover, the technological...
The global smart TV market size is expected to expand to USD 458.7 Billion by 2031 at a CAGR of 11.9% in the forecast period. The increasing popularity of smart TVs can be attributed to consumers’ desire for a wider range of content movies, TV shows, and videos; all within easy reach of these cutting-edge television sets, fueling the growth of the smart TV industry. The Smart TV platforms are made even more appealing by the smooth integration of streaming apps and services, which give...
The global industrial vacuum cleaner market size is anticipated to reach USD 957 Million in 2031 and is expected to expand at a CAGR of 5.81% over the forecast period. The increasing demand for cleaning solutions, and the rising focus on maintaining workplace safety and hygiene, are expected to drive the growth of the market during the forecast period. The post-pandemic cleaning requirement in workplaces is another major driving factor for the industrial vacuum cleaner market. The stringent...
The global interactive display market is anticipated to grow to USD 61.5 Billion by 2030 at a 7.7% CAGR during the forecast period. The enhanced interactive experience coupled with ease in engagement as compared to the standard displays have made the interactive displays widely sought after in various industries. The real-time interaction capacity with the material has increased the usage of interactive displays in various trade exhibitions, museums, and business settings, among other...
