The global airborne sonar market is expected to grow at a CAGR of 7% within the period of 2023-2032. There is significant rise in sonar technology over few years. High-resolution imaging, mapping of the ocean and its floor has been limited to less than 5% of the global waters due to technological restrictions. The aerial synthetic systems have provided to overcome the barrier by high resolution images of landscapes; however, they are unable to penetrate under water.
The Sonar fish finder market is forecasted to grow at a CAGR of 6.8 % within the forecasted period. The global sonar fish finder market is emerging as the technology enhances its growth by research & innovation. Sonar is a high performance horizontal fish finder that can detect and display the objects in all directions around the device.
The global sonobuoy market is forecasted to grow at a CAGR of 7.2% within forecast period of 2024 to 2032. Sonobuoy is a buoy equipped to detect underwater sounds and transmit them by radio. Defence sectors have a significant rise over the revenue in the past few years as the government increases the budget of defence sector.
The hook and loop fasteners market is expected to grow at a compound annual growth rate of 5.6% during the forecast period of 2024 to 2032. The growth is mainly attributable to increased demand by the industrial sector and other end-use industries. Hook and loop fasteners are also called hook and pile fasteners or touch fasteners. Hook and loop fasteners are made up of two parts: typically two lineal fabric strips (or circular 'dots' or squares), which are joined (sewn or otherwise attached) to the opposite surfaces to be secured.
The global thin wall packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2024 to 2032, starting from US$ 47.32 Bn in 2021.
The global molded pulp packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2024 to 2032, starting from US$ 3.74 Bn in 2021.
The global aluminum caps & closures market is rising significantly, anticipated to expand at a CAGR of 4.3% during the estimated period from 2024 to 2032, starting from US$ 6.32 Bn in 2021. The rising concerns for product security and safety along with the growing demand for convenience packaging solutions the market is growing substantially.
The global microgrid control system market is growing proficiently, projected to grow at a CAGR of 12.0% during the expected period from 2024 to 2032, starting from US$ 3.54 Bn in 2021. An increased concern of carbon emission, advancement in IoT, as well as communication technologies, are the major drivers of the global microgrid control system market.
The global polypropylene packaging films market accounted for US$ 25.55 Bn in 2021 and is anticipated to grow to US$ 41.05 Bn growing at a CAGR of 6.1% during the forecast period from 2024 to 2032. Growing inclination towards flexible packaging solutions coupled with the rising food and beverage sector especially in developing regions are having a positive influence on the demand for polypropylene packaging films market.
The global polymer solar cells market accounted for US$ 82.4 Mn in 2021 and is anticipated to grow to US$ 383.8 Mn growing at a CAGR of 21.2% during the forecast period from 2024 to 2032.
