The magnetic refrigeration market is estimated to grow at a CAGR of 50.44% to reach US$202.757 million in 2025 from US$17.493 million in 2019. There has been a growing focus to reduce the global warming to below 2°C by 2100. In order to achieve this, approx. 200 countries recently agreed on dramatically reducing the reliance on climate change causing chemicals called hydrofluorocarbons (HFCs) in air conditioning and refrigeration. This refrigerant has a significantly higher potentia Read more...
The private mobile radio market was valued at US$18.119 billion in 2019. Private mobile radio refers to the two-way radio-based communication equipment that has the ability to offer uninterrupted and seamless communication to the on-field personnel working across different sectors ranging from the military for emergency medicals services. Continuous communications are considered to be of utmost importance for the personnel to stay connected every time to make critical life-changing decis Read more...
The global Bluetooth module market is projected to grow at a CAGR of 6.34% during the forecast period of 2018 to 2024. Bluetooth modules now form an integral component of multiple consumer electronic devices. The demand for Bluetooth modules is projected to rise during the forecast period on account of increasing demand for consumer electronics around the world. Furthermore, the increasing penetration of Bluetooth technology in security is further projected to augment the demand for these modu Read more...
Smart speakers market is projected to grow at a CAGR of 8.24% during the forecast period, reaching a total market size of US$5.922 billion in 2024 from US$3.683 billion in 2018. Smart speakers are wireless, voice-enabled devices with built-in virtual assistants that are capable of streaming audio content, relaying information, and communicating with other devices. The rising demand for smart home devices will boost the demand for these devices during the given forecast period. Additionally, r Read more...
Video doorbell market is projected to grow at a CAGR of 17.54% during the forecast period, reaching a total market size of US$2.940 billion in 2024 from US$1.115 billion in 2018. A video doorbell is a device that notifies the homeowner when a visitor arrives at the door. The video doorbells provide enhanced security from theft and crime due to the inclusion of night vision and motion detector sensors in it. It also enables the homeowners to speak and see the visitor without even going to the Read more...
Consumer electronics have become increasingly popular over the past multiple years and this trend is estimated to continue during the forecast period. The demand for consumer electronics around the world is estimated to grow due to the rise in disposable income around the world. Furthermore, increasing advertisement and awareness about multiple devices in developing economies have expanded the opportunities for the consumer electronics market to grow. In addition to this, the increasing adopti Read more...
The action camera market was evaluated at US$3,021.939 million in the year 2018. The action camera market is expected to grow at a modest rate due to the rising application of these cameras for capturing action sports and activities. Furthermore, the ability of these cameras to capture high-speed action scenes and the capability of these cameras to Read more...
The 360 degree camera market was evaluated at US$423.072 million for the year 2018 and is expected to witness moderate growth due to the rising popularity in the VR games and consoles. Simultaneously these cameras are now entering the security market as a single camera is able to capture a 360-degree view with a single unit. In addition, the entert Read more...
The digital cinema projectors market was valued at US$440.689 million in 2018 and is expected to grow at a healthy CAGR during the forecast period. Digital cinema projector refers to the use of digital technology to project motion pictures as opposed to the earlier use of the analog medium for projecting motion pictures through reels of films, most Read more...
The global smart vending machine market is expected to grow at a fast pace with a CAGR of 16.90% to achieve a market size of USD16.849 billion in 2024. Geographically, the North American region is expected to hold a significant market share due to the early adoption of technology followed by the Asia Pacific region, which is expected to be the fastest-growing. Read more...
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