Hi-Fi System market is estimated to grow at a CAGR of 5.37% over the forecast period to reach US$13.116 billion by 2023, from US$9.585 billion in 2017. Hi-Fi systems provide better sound quality with accurate frequency response and low amount of noise and distortion. The advancement in technology ensures uncompromised, problem-free utilization of Hi-Fi audio devices such as soundbars, speakers, headphones, and microphones across various application segments. Growing digitalization of systems Read more...
Wireless audio devices market is projected to witness a compound annual growth rate of 12.19% to reach a total market size of US$34.003 billion by 2023, from US$17.055 billion in 2017. Wireless audio devices integrate wireless connectivity with microphones, headphones, sound-bars and speakers. The major factors driving the growth are increasing adoption of portable devices, technological advancements, and higher demand for infotainment services. However, the factors hindering the growth are n Read more...
The global power bank market is expected to grow at a CAGR of 13.03% over the forecast period to reach US$35.173 billion by 2025 from US$16.867 billion in 2019. Power Bank – The quintessential accessory that today’s consumer can’t do without, is a portable power storage device that is used to charge rechargeable batteries, which are an integral part of a variety of electronic devices like cellular devices, wearable devices, as well as devices that are required specializ Read more...
The gaming console market was valued at US$41.450 billion in 2018 and is anticipated to grow at a CAGR of 3.53% to reach US$51.055 billion by 2024. The gaming console market has gone several hardware changes over the past couple of decades. Console manufacturers are introducing new devices so that they are compatible with latest specifications as per the demand of the gamers, while enhancing the gameplay experience. Sony, Nintendo and Microsoft are the major players in the gaming console indu Read more...
The high-speed camera market was valued at US$333.617 million in 2019 and is anticipated to grow at a CAGR of 5.86% to reach a market size of US$469.504 million in 2025.The demand for the high-speed camera is growing exponentially on account of increasing application across R&D, media & entertainment, and automotive industries due to its high image processing and wide light sensitivity range in capturing ultra-high-speed events. Moreover, an increasing number of sensor suppliers, coup Read more...
The head-mounted display market is projected to grow at a CAGR of 34.60% to reach US$18,327.298 million by 2025, from US$3,082.002 million in 2019. Head-mounted display, as the name suggests, is a display device, worn on the head that contains a small computer screen in front of the eyes to provide a cinematic experience of anything that the user is watching. This is mostly a virtual reality device, meant specifically for entertainment or gaming purposes. Nevertheless, it is being deploye Read more...
E-Cigarettes market is estimated to witness a compound annual growth rate of 35% over the forecast period to reach a total market size of $10.687 billion by the end of 2021. Increasing health issues among smokers and passive smokers in their vicinity all over the world has augmented the need for a more harmless solution for this problem; E-cigarettes are such products which are witnessing huge demand across the world though its benefits are yet to be proved by leading health agencies. E&ndash Read more...
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