According to a report by Future Market Insight, the global semiconductor capital equipment market is expected to exhibit significant growth between 2023 and 2033. The market is projected to reach a value of US$ 161 billion by 2033, with a CAGR of 7.0%. This represents a substantial increase from its estimated value of US$ 82 billion in …
Monthly Archives: December 2023
Geofencing Market Sees Monumental Growth, Expected to Reach US$ 9,596.6 Million by 2032
The use of geofencing market is predicted to increase at a CAGR of 17.8% throughout the projection period. The geofencing market is expected to increase, rising from US$ 1,867.2 Million in 2022 to US$ 9,596.6 Million in 2032. The demand for geofencing is rising as a result of real-time monitoring, which is crucial for data analysis and drives …
Global Sensors Market Set to Reach US$ 153.0 Billion by 2033 with Strong Emphasis on Miniaturization and IoT Integration
The global sensors market is on a trajectory of rapid expansion, with the market size poised to grow significantly from 2023 to 2033. According to a recent research report published by Future Market Insights, the sensors market is projected to achieve remarkable progress, reaching a valuation of US$ 153.0 billion by 2033, with a forecasted Compound Annual …
Global IoT Chip Market Set to Reach $7.69 Billion by 2033, Driven by Technological Advancements and IoT Adoption
The global IoT chip market is on a trajectory to exceed US$ 4.4 billion by 2023 and is expected to exhibit remarkable growth at a CAGR of 5.7% through 2033, reaching a staggering US$ 7.69 billion. This surge can be attributed to the increasing prevalence of internet connectivity in technologically advanced nations and the emergence of cost-effective …
Global Excitation Systems Market is Expected to generate worth of US$ 4.8 Billion by forecast period ending 2033 | Data analysis by Future Market Insights, Inc.
The global excitation systems market value is estimated to be nearly US$ 3.1 billion in 2023. FMI predicts the market could register a 4.6% CAGR between 2023 and 2033 and conclude at a value of US$ 4.8 billion by 2033. The demand for excitation systems is getting fueled by the ongoing expansion of end-use industries including oil …
Semiconductor Lasers Market Size is set to Reach US$ 15.7 Billion by Rising at a CAGR of 5.9% during forecast period of 2023 to 2033 | Future Market Insights, Inc.
The global semiconductor lasers market size is predicted to exceed a valuation of US$ 8.8 billion in 2023. It is anticipated to attain a valuation of US$ 15.7 billion by 2033. The market is expected to expand at a CAGR of 5.9% from 2023 to 2033. The demand for semiconductor lasers has increased as a result of …
Men’s Underwear Market is Expected to Surpass US$ 65.3 Billion at a CAGR of 5.3% During the Forecast Period 2033 | FMI
In 2023, the global men’s underwear market is expected to be worth US$ 38.96 billion. The market is likely to exceed US$ 65.3 billion at a CAGR of 5.3% by 2033. The sales of men’s underwear are being driven by various factors. These factors include the growing awareness of men’s health, increasing demand for premium underwear, and changing fashion trends. Rising health …
Mobile Phone Accessories Market is Expected to Reach at a USD 189,807.7 Million by 2033, growing at 6.8% CAGR from 2023 to 2033
The mobile phone accessories market is expected to be worth US$ 97,996.3 million in 2023 and US$ 189,807.7 million by 2033, growing at 6.8% CAGR from 2023 to 2033. 78 percent of all sales in North America are still made in the United States. While China will still be the region’s biggest market, demand is expected to increase significantly in South Korea and …
Car Rental Service Market is Likely to Surpass US$ 307.5 Billion by 2033 | FMI
During the projected period, the market for car rental services is expected to grow at a compound annual growth rate of 7.2%. The market is projected to reach a valuation of US$ 307.5 billion by 2033, up from US$ 153.4 billion in 2023. The target market accounts for between 1% and 3% of the transportation …
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GCC Air Purifiers Market is Anticipated to US$ 565.07 Million, Riding a 17.1% CAGR by 2032 | FMI
The GCC air purifier market is projected to grow at a compound annual growth rate (CAGR) of 17.1% from 2022 to 2032, or US$ 565.07 million. The air purifier market is expected to generate over 90% of its revenue from the commercial sector. This is mostly because the GCC countries are working harder to diversify their economies and because the region’s …