New Product Development
The market for swarm computing is projected to grow at a staggering CAGR of 37.4%. The market is expected to reach a valuation of US$ 514.1 million in 2032, up from an estimated US$ 21.5 million in 2022 due to the high demand for this service. The use of swarm computing is anticipated to boom due to …
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In 2023, the market for smart beds is projected to be worth US$3.42 billion. The overall demand for smart beds is anticipated to increase at a CAGR of 7.0% between 2023 and 2033, reaching a total of approximately US$ 6.73 Billion by 2033 due to the rise in the purchase of luxurious and comfortable products due to …
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The market for voice assistants is predicted to grow at a CAGR of 19% and reach US$ 4,329.0 million in 2022. By 2032, it is anticipated that the market will grow to a value of $24,588 million. Switches and buttons are being replaced with voice assistants in order to increase user convenience. Voice assistants enable people to …
With a projected CAGR of 13.7% over the forecast period, the global solid-state power controller market is expected to generate US$ 5,646.9 million in revenue by 2032, up from US$ 1,562.4 million in 2022. Solid state power controllers are semiconductors that control the power delivered to the load. As a result of their effectiveness in identifying overload …
The global strapping devices market is estimated to be valued at US$ 4.5 Bn in 2022 and is further likely to grow at 4.7% CAGR between 2022 and 2032, reaching a valuation of US$ 7.0 Bn by 2032. Rapid Expansion of end-use industries like food and beverages, personal care, electrical and electronics, healthcare, etc. along with growing demand for advanced packaging solutions is …
The global printed boxes market was valued at around US$ 19.5 Bn in 2021. Printed boxes sales are projected to increase at a healthy CAGR of 4.8% and top a valuation of US$ 32.7 Bn by 2032. Paper is expected to be most preferred material for the boxes as it is sustainable compared to plastic. Hence, manufacturers are preferring recycled material instead of …
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The global thermochromic labels market is set to enjoy a valuation of US$ 398.9 Mn in 2022, and is further expected to expand at a CAGR of 6.4% between 2022 and 2030, reaching around US$ 653.7 Mn by 2030. The market is seeing an increase in demand for thermochromic labels due to their increasing use in end-use sectors such as food and …
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The global foam pouch market is set to enjoy a valuation of US$ 550.4 Mn in 2022, and is further expected to grow at a CAGR of 5.0% between 2022 and 2032, reaching around US$ 892.7 Mn by 2032. Rising usage of foam pouches across various industries for protecting fragile items is driving the global foam pouches market. Foam pouches have become ideal …
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According to Future Market Insights research, during the projected period, the HAZMAT labels market is set to enjoy a valuation of US$ 1.5 Billion in 2022, and further expand at a CAGR of 4.8% to reach US$ 2.3 Billion by the year 2032. Global HAZMAT Labels Market: Overview HAZMAT Labels, also known as ‘Hazardous Material Labels’ are applied on hazardous goods as an indication. These …
The global packaging automation market is projected to register at a moderate-paced CAGR of 8.05% over the forecast period. The packaging automation market is currently valued at US$ 74.53 Billion in 2023. By 2033, demand for Packaging Automation is expected to reach a high of US$ 161.66 Billion. Demand for packaging automation to guarantee the longevity of items …
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