New Product Development
The global Optical Waveguide Market is expected to be valued at US$ 12,280.0 million by 2032, up from US$ 7410.0 million in 2022, with a CAGR of 5.2% over the forecast period. Among the promising properties of the optical waveguides are biocompatibility, distributed sensing capability, resistance to electromagnetic noise, and high bandwidth. These characteristics are …
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The global digital freight management market is expected to reach US$ 14.0835 Billion in 2022 and is projected to grow at a CAGR of 9.4% to reach US$ 34.56 Billion by 2032. The growing adoption of IoT and communication technology is credited with growth. A CAGR of 8.9% was recorded for the market for digital freight management …
The global automotive HMI market is predicted to grow at a rate of 14.7% CAGR over the course of the forecast period, reaching a revenue of US$ 10,652.1 million in 2022 and US$ 41,877.6 million by 2032. The future has already arrived, wherein driver no longer interacts with the vehicle by using conventional techniques. Automotive Human-Machine Interface …
The market for GaN substrate is projected to reach US$ 5.0143 Billion in 2022 and grow at a CAGR of 9.4% to reach US$ 12.3698 Billion by 2032. The persistent undercurrent of green vehicle agendas is blamed for growth. Owing to a lot of advantages over all the other traditional substrates, GaN Substrate is one of the …
The oat drinks market is predicted to be worth US$ 741.5 million in 2023 and rise to US$ 1.6 billion by 2033 at a 7.8% CAGR. Initially, the global market was expanding at a CAGR of 6.2% between 2016 and 2022. New, healthier options are one of the major market-moving reasons for oat drinks. For instance, …
The global linseed oil market is estimated at USD 7.6 Bn in 2022 and is projected to reach USD 13.5 Bn by 2032, at a CAGR of 5.9% from 2022 to 2032. The linseed oil market is expected to acquire ~3% of the overall oilseeds market by 2022 end. In ancient Egypt, the flax plant was cultivated by the ancient Egyptians to produce linen out …
The almond flour market is projected to be valued at US$ 1.9 billion in 2023 and is expected to reach US$ 4.1 billion by 2033. The sales of almond flour are expected to record a significant CAGR of 8.3% during the forecast period. As per capita earnings increase and living standards worldwide improve, consumer preferences are shifting …
The matcha market is expected to record a CAGR of 10.2% during the forecast period. The market is expected to hold a share of US$ 2.7 billion in 2023 while it is anticipated to cross a value of US$ 7.1 billion by 2033. Significant Growth Factors: The generation that is becoming concerned about their health is taking action …
The global kombucha market is going to reach US$ 17.1 billion by 2033, growing at a CAGR of 17.4% between 2022 and 2033. The kombucha drinks market is expected to generate an absolute dollar opportunity of approximately US$ 13.7 billion by 2033. Each year, unsafe alcohol consumption kills approximately 3 million people, accounting for 5.3% of all deaths, according to …
The vegan cheese market size is projected to be valued at US$ 3,313.98 million in 2023 and is expected to rise to US$ 8,064.01 million by 2033. The sales of vegan cheese are expected to record a CAGR of 9.3% during the forecast period. Millennials in particular are becoming more accepting of veganism, which has sparked industry …