The gas insulated industrial switchgear market is expected to grow at a CAGR of 5.5% during the forecast period of 2024 to 2032. Gas insulated industrial switchgear market is poised for substantial growth, driven by the escalating demand for electricity and the need for efficient transmission and distribution solutions. Gas insulated switchgear (GIS) is crucial in managing power supply in compact and enclosed spaces, such as in urban areas where land availability is limited.
The film bulk acoustic resonator (FBAR) filters market is expected to grow at a CAGR of 8.3% during the forecast period of 2024 to 2032. Film bulk acoustic resonator (FBAR) filters market is an essential segment within the telecommunications industry, pivotal for enhancing signal clarity and performance in wireless communication devices. FBAR technology, known for its efficiency and effectiveness in frequency filtering, is increasingly vital in the manufacturing of mobile phones, base station equipment, and other communication devices.
The cloth drying machine market is expected to grow at a CAGR of 5.5% during the forecast period of 2024 to 2032. Cloth drying machine market is undergoing substantial growth, driven by advancements in appliance technology and shifts in consumer lifestyles. This market includes a range of products such as electric dryers, gas dryers, and spin dryers, catering to various consumer needs from energy efficiency to faster drying times.
The walkie-talkie market is expected to grow at a CAGR of 9.3% during the forecast period of 2024 to 2032, driven by technological advancements, increasing demand for communication solutions, and expanding applications across various industries. While digital walkie-talkies led in revenue in 2023, analog walkie-talkies are expected to witness significant growth in the forecast period. Similarly, while offline channels dominated sales in 2023, online channels are projected to experience the highest growth rate.
The mobile photo printer market is expected to grow at a CAGR of 7.5% from 2024 to 2032, driven by evolving consumer preferences, technological advancements, and expanding applications in photography, creativity, and personal expression. While individual users represent the primary market segment, commercial users are gaining prominence in event marketing, professional photography, and business applications. Additionally, the distribution channel is evolving with the dominance of online sales platforms, complemented by offline retail outlets catering to consumers seeking hands-on experiences and immediate gratification.
The residential robotic vacuum cleaner market is expected to grow at a CAGR of 15% during the forecast period of 2024 to 2032, driven by various factors shaping consumer preferences and technological advancements. The surge in demand for in-house robots, battery charging technology, and self-mode operation reflects evolving consumer preferences and technological advancements. Challenges in outdoor robot adoption underscore the need for targeted research and development efforts to address market limitations.
The electric lunch box market is a dynamic and rapidly evolving sector within the household appliances industry. These innovative products offer convenience and efficiency for individuals looking to enjoy warm and freshly cooked meals, even when away from their home kitchens. The electric lunch box market is expected to grow at a CAGR of 5.1% during the forecast period of 2024 to 2032, driven by the growing demand for convenience, health and nutrition awareness, and eco-friendly solutions.
The E-cigarette and Vape market is expected to grow at a CAGR of 30.5% during the forecast period of 2024 to 2032, driven by evolving consumer preferences, technological advancements, and shifting regulatory landscapes. Regulatory uncertainties remain a significant challenge that industry players must navigate. Market segmentation reveals a shift toward modular devices and an increasing emphasis on retail distribution channels. Geographically, the Asia-Pacific region is expected to lead in growth, while North America maintains its revenue dominance.
A force gauge is a device that measures force exerted by an object. These are pivotal in industries like manufacturing, research, and development due to their precise measurement capabilities, ensuring product quality and safety. Two primary types dominate the market: digital and analog force gauges. The differentiation primarily hinges on their display modes and functionalities. As industries grow more tech-centric, the demand for such instruments has surged. Force gauge market is expected to continue at a steady CAGR of 4.0% during the forecast period from 2024 to 2032, driven by increasing demand in quality control and testing sectors.
A wrist dive computer is a specialized electronic device designed for use by scuba divers and free divers to monitor and manage their underwater activities. This compact and wearable device is typically worn on the wrist, like a wristwatch, and provides essential information to divers to ensure safe and enjoyable underwater experiences.A wrist dive computer continuously monitors and displays critical dive data in real-time. This data includes depth, water temperature, dive time, and remaining bottom time (RBT), which is an estimate of how much time a diver can safely spend at their current depth before needing to ascend.
The global consumer electronics market is expected to register a CAGR of 6% during the forecast period of 2023 to 2031. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. Electronic devices are highly penetrated products among a wide range of technical consumer goods in households. On one side, television sets with wider screen sizes are receiving popularity, whereas, on the other side, the miniaturization of electrical components is on the rise. Companies are focusing on developing high-performing and convenient-to-use devices owing to the increasing consumer demand. For instance, in September 2020, Samsung released its new smart tablet Galaxy Tab Active3. It is equipped with an enhanced Touch Sensitivity feature that enables the user to operate the tab easily with fingers, even while wearing hand gloves.
The rising trend of having connected homes is supporting the penetration of smart appliances globally. For instance, as per Grabyo’s Value of Video Report 2020, about 58% of surveyed streaming customers and about 53% of surveyed pay-TV customers watch videos regularly on a Smart TV. Appliances equipped with voice assistance, Bluetooth, and Wi-Fi connectivity are being adopted due to higher usage convenience. Players are making efforts to include multiple features in their devices to attract consumers. For instance, in July 2020, Samsung released its Premium Soundbar Line-up with two wireless rear up-firing speakers. Additionally, they are equipped with SmartThings App and Alexa voice service. Therefore, technological advancements and inclination towards smart devices are likely to fuel the consumer electronics market growth.
The income level of the world population is rising, which allows them to spend more on housing and equip their homes with upcoming technological goods. For instance, as per the data released by Eurostat in 2018, about 70.0% of the EU-27 lived in an owner-occupied dwellings, wherein about 46.0% of the EU-27 population lived in flats. Additionally, the growing trend of the inclusion of smart devices in the household is anticipated to contribute to market growth. The introduction of innovative household products in the market is likely to boost product consumption.
Acute Market Reports is a specialist in the consumer goods market, that offers in-depth market intelligence and consulting services to manufacturers of consumer goods. Our clients are able to make well-informed, timely business decisions with the help of Acute Market Reports' futuristic outlook. When it comes to providing our clients with first-in-class strategic research solutions, we engage with a wide variety of industry participants.
