Electrostatic Discharge (ESD) Packaging Future Market Insights (FMI) projects the global electrostatic discharge (ESD) packaging market to grow from USD 2.0 billion in 2023 to USD 3.3 billion by 2033, reflecting a CAGR of 5.1% over the forecast period. This growth is driven by increasing demand for electric vehicles, smart gadgets, and significant advancements in …
Category Archives: Testing Equipment
Smart Card IC Market Forecasted to Reach USD 6.5 Billion by 2034 with 6.8% CAGR | FMI
The smart card IC market will be worth USD 3.3 billion in 2024. The market’s growth is expected to accelerate significantly between 2024 and 2034, with a CAGR of 6.8% compared to 9.0% in 2023. By 2034, the market value is expected to reach USD 6.5 billion. Smart card integrated circuits are in high demand …
Satellite Launch Vehicle Market to Hit USD 76.8 Billion by 2034, Driven by 13.9% CAGR | FMI
In 2024, the market for satellite launch vehicles is projected to be worth USD 20.9 billion. From 2024 to 2034, the market is anticipated to grow at a 13.9% CAGR. The market value is expected to reach USD 76.8 billion by 2034. The growing need for satellite applications—which are now utilized for a variety of …
Multi-Cloud Networking Market Set to Skyrocket: Projected Growth to US$ 32.4 Billion by 2034
By 2034, the multi-cloud networking industry is expected to have grown from its 2024 valuation of US$4.2 billion to US$32.4 billion. Over the course of the projected period, the market is anticipated to grow at a CAGR of 22.8%. Globally, multi-cloud networking solutions are becoming more and more popular. This may be explained by a …
AI in Video Surveillance Transforms Security with Advanced Analytics, Real-Time Threat Detection, and Scalability
According to projections, the market for AI in video surveillance would be worth USD 5.7 billion in 2024 and USD 47.0 billion in 2034. Over the course of the forecast period, the worldwide AI in video surveillance market is anticipated to expand at a compound annual growth rate (CAGR) of 23.6%. Integrating the Internet of …
Global LoRa and LoRaWAN IoT Market to total US$ USD 119.5 billion by 2034, flourishing at a whopping 35.6% CAGR- FMI Study
By 2024, the LoRa and LoRaWAN IoT market is expected to be worth US$5.7 billion, and by 2034, it will be worth US$119.5 billion. The LoRa and LoRaWAN IoT market is anticipated to grow at a compound annual growth rate (CAGR) of 35.6% during the forecast period. One significant factor is the growing use of …
Robust Growth Projected in Commercial Insurance Market: Valued at USD 865 Million in 2023 and Expected to Reach USD 2,094.70 Million by 2034 with a CAGR of 8.40%.
It is anticipated that the value of the worldwide commercial insurance market would increase from USD 935 million in 2024 to USD 2,094.70 million in 2034. Over the following ten years, the commercial insurance market is anticipated to rise at a promising CAGR of 8.40%, which will propel this forecasted growth. Businesses are choosing insurance …
Growing Demand for Remote Patient Monitoring Surges Growth in the Wearable Sensor Market; FMI Analysts Predict Market Valuation to Surpass US$ 11 billion by 2034
The market for wearable sensors is expected to reach a worth of USD 11 billion by 2034, having crossed USD 1.6 billion in 2024. From 2024 to 2034, the wearable sensor industry is expected to grow at an astounding compound annual growth rate (CAGR) of 21.1%. Wearable sensor manufacturers have potential due to the growing …
Electronic Film Market Set to Soar, Projected US$ 21.6 Billion Value by 2034 | Future Market Insights, Inc.
In 2024, it is anticipated that the electronic film market would reach USD 10.8 billion. The forecasted CAGR for electronic film sales is 7.2% between 2024 and 2034. It is estimated that by 2034, the demand for electronic films would be worth USD 21.6 billion. The growing need for state-of-the-art electronics and displays is predicted …
Global Airborne Radar Market to attain a USD 42 billion Valuation by 2034, reflecting a 9.1% CAGR- FMI Report
In 2024, the airborne radar market is projected to be worth US$ 17.6 billion. The sector is expected to grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2034, reaching a projected value of US$42 billion. The industry is expanding rapidly due to a combination of rising global defense spending and …