New Product Development
Increasing adoption of acoustic wave filters in smartphones for antenna routing and tuning for 5G applications is expected to propel demand in the long term. According to a recent report by Future Market Insights, the acoustic wave filters market is estimated to register a CAGR of 10.6% during the forecast period of 2021-2031, driven largely by demand …
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The worldwide hardware security module (HSM) market income added up to US$ 1.2 Bn in 2021. The market is supposed to arrive at US$ 6.6 Bn by 2032, showing development at a 16.2% CAGR somewhere in the range of 2022 and 2032. A hardware security module is also referred to as Secure Application Module (SAM), …
The worldwide centralized workstation market is at present esteemed at around US$ 14,687.4 Mn in 2022. The centralized workstation market is expected to advance at a CAGR of 11.9% to arrive at US$ 45,160.2 Mn by 2032 is the consequence of expanding reception across numerous industry verticals. Centralized workstations are involved across different businesses for …
FMI’s report on the power generator for the military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats. By the end of 2021, the total value of sales of power generators for military use was estimated to be around US$1.06 billion. By 2030, it is anticipated that the global market for military power generators will grow at a 3.5% CAGR and reach a value of US$ 1.44 Bn. The military energy generator market accounted for 15% of the overall generator market. Within army corporations, strength generators are used …
Newly released data by Future Market Insights (FMI), projects that the sulphur recovery technology market will reach a valuation of US$ 1.2 Bn by 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11% from 2021 – to 2031. The increasing production of shale gas will accelerate the growth with top market players holding 2/5th of sulphur recovery …
Mini cranes are used to lift materials in plants and factories where larger cranes are not permitted. Mini cranes are thought to be ideal for transporting materials during the construction of a home. It is their specialty to navigate courtyards and easily access cliff edges, which larger cranes cannot do. According to a study conducted by future …
Global Switchgear sales are set to be valued at US$ 72.44 Bn in 2021 and is expected to have a stable long-term projection, according to latest insights from Future Market Insights (FMI). An ESOMAR-certified research and consulting firm. The report has forecast the global switchgear market to grow at nearly 6.9 % CAGR during 2021-2031. The report offers analysis of growth trajectory …
The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche end use sectors such as mining and automotive production. The Americas steel pipes market is projected to rise at a moderate 3.3% CAGR between 2020 and 2030. However, the industry is likely to face challenges in terms of substitute pipe …
Future Market Insights in its latest market research, the global refrigeration leak detector market is poised to record 3.1% CAGR during the assessment period, 2020-2030. North America is anticipated to register substantial growth in the next decade. The region is expected to create an incremental $ opportunity worth US$ 5.5 Mn by 2030, with the U.S contributing the maximum revenue share. …
The market for bonded magnets is currently estimated to be worth around US$ 2.38 billion, and by the end of 2030, it is expected to grow at a healthy CAGR of 5% to reach US$ 3.52 billion. In 2021, sales of bonded magnets represented an 8% market share worldwide. Rising competition in the electronics industry worldwide is fostering innovations in the material development of lightweight …