The global spark plugs market is poised to reach US$ 11.60 Bn by 2032, expanding at a CAGR of 5.7% during the forecast period from 2024 to 2032. Rising sales and production of automotive vehicles, introduction and development of advanced spark plugs, and growing trend of environment-friendly spark plugs is expected to boost the demand for spark plugs.
The global quantum computing market is poised to reach US$ 11,598 Mn by 2032, expanding at a CAGR of 34.3% over the forecast period from 2024 to 2032. Increasing complexity in the data sets along with incompetent traditional computing methodology have given birth to an advanced computing technology that works on quantum bits or qubits.
Wind energy is one of the cheapest forms of energy source. Depletion of conventional energy sources and their ill effects are causing serious problem to environment. Countries of the world are reducing their over-dependence on fossil fuel and shifting towards renewable energy sources like wind. In the long run, wind energy will help to reduce CO2 emission, a gas responsible for depleting ozone layer and thereby climate change. Commitment of countries of the world to increase their share in renewable energy and financial aid from governments has helped to grow the market in 2020.
The global bone cement market is growing proficiently, expected to grow at a CAGR of 6.3%. Bone cement is essentially used for widely used for implant fixation in various orthopaedic and trauma surgery. Globally, the growing prevalence for osteoporosis, increasing implantation procedures, spinal, hip and knee surgical procedures (mainly arthroplasty) among the geriatric population will drive the overall market growth.
The global HR analytics market garnered a value of US$ 2.92 Bn in 2020 and is likely to witness noteworthy growth, with a CAGR of 12.8% during the forecast period from 2024 to 2032. Analytics have changed and has been continuously changing how every department in an organization is doing business. It has helped in discovering, interpreting, and communicating meaningful patterns in data.
The global connected agriculture market was accounted at US$ 2.59 Bn in 2021 and is projected to witness significant growth, growing with CAGR of 16% across the forecast period from 2024 to 2032. Connectivity is the cornerstone of technological transformation that has been taking place across the globe. Connected agriculture aims to provide optimum production with minimal resources. According to FAO, population of the world is more than 7 billion today and is likely to reach 9.1 billion by 2050. About 70% increase in agriculture production is required to satisfy the hunger needs of this growing population.
Globally, the jet lag therapy device market is expected to grow with a CAGR of 11.5% during the forecast period from 2024 to 2032. The growth of the market is primarily driven by the increasing air travelers across the globe. Over the past decade, a sudden rise in the number of the people travelling has been witnessed. As per the International Air Transportation Association, there were approximately 3.8 billion air travelers worldwide in 2016.
Globally, the home console market is expected to grow with a CAGR of 4.2% during the forecast period from 2024 to 2032. The growth of the market is driven by increasing technological advancement in the gaming consoles. The integration of the advance audio visual systems has led to the development of myriad new avenues for the growth of the consoles market.
Globally, the drone for petroleum market is expected to grow with a CAGR of 13.5% during the forecast period from 2024 to 2032. The market is propelled by the increasing advancement in the drone technology. Over the past five years, UAVs has emerged as the most disruptive tech innovation across the industry sectors. The cost effective nature and high efficiency of the drones makes them an ideal option for wide range of industrial application.
Globally, the digital writing instruments market is expected to grow with a CAGR of 8.6% during the forecast period from 2024 to 2032, and has register a market value of US$ 292.6 Mn in 2021. Digital writing instruments are defined as devices, which are battery-operated writing instrument that can record handwritten notes and drawing. These instruments can be a pen, pencil or stylus.
