The global emotional analytics market expected to expand at a CAGR of 15.6% during the forecast period from 2024 to 2032. Emotional Analytics is a next-gen technology and with its futuristic implications it has come under the limelight in business world. This technology is useful for data collection, data classification, data visualization and data analytics. Organizations are leveraging the capabilities of this technology to improve their customer relationship management (CRM).
The ball bonder machine market worldwide is projected to grow with a CAGR of 3.8% over the forecast period from 2024 to 2032, starting from US$ 1049.39 Mn in 2020. With the beginning of the new packaging technology such as TSV packaging and MEMs packaging has transformed the overall manufacturing landscape of semiconductor industry.
The augmented and virtual reality contact lens market is set to expand with a CAGR of 65% through the forecast period starting from 2024 to 2032. The augmented and virtual reality contact lens market worldwide is expected to observe robust growth on account of the growing AR/VR market across the globe. These lenses are used for interactive experiences in the entertainment industry such as streaming a concert or collaborating experiences in the education industry.
The coin cell batteries market worldwide is expected to grow with a CAGR of 0.45% during the forecast period from 2024 to 2032. coin cell batteries are button shaped have low self-discharge. The batteries have long shelf life, are reliable and consistent. Zinc and lithium are commonly used anodes in coin cell batteries.
The test and burn-in sockets market worldwide is expected to grow with a CAGR of 5.6% during the forecast period from 2024 to 2032. The test and burn-in sockets market is driven by the connector market. The test and burn-in sockets denote a small but challenging segment of the connector market. The designs of the sockets are robust, leading edge, and are produced in small quantities. The sockets are widely used in smartphones and driving assistance systems. As a result, we expect the market to grow with a rapid pace throughout the forecast period.
The distributed sensing cables market worldwide is expected to grow with a CAGR of 5% during the forecast period from 2024 to 2032. Increasing demand for sensing cables in oil & gas industry is one of the major growth factor of distributed sensing cables market. Distributed sensing is a technology that assists continuous measurements along the entire length of a fiber optic cable. Due to this, external stimuli on the cable can be detected at any position along the length of the cable. The stimulus include changes in temperature and pressure, sound, strain, and vibration.
The aluminum forging market worldwide is expected to grow with a CAGR of 5.4% during the forecast period from 2024 to 2032. Rapid increase in aluminum demand in automotive and aerospace industry is the key factor for growth of aluminum forging market worldwide. The process of pounding and pressing the aluminum under pressure is known as aluminum forging.
The fountain machine worldwide is expected to grow with a CAGR of 2.9% during the forecast period from 2024 to 2032, starting from US$ 1.95 Bn in 2020. The fountain machine market is growing steadily owing to increased penetration of carbonated drinks worldwide. Adoption of carbonated drinks by youngsters as well as millennials worldwide is the other growth factor for fountain machine market.
The tokenization market worldwide is expected to grow with a CAGR of 18.9% during the forecast period from 2024 to 2032, starting from US$ 1380.3 Mn in 2020. Growth of security concerns worldwide are driving the growth for tokenization market.
The global collagen meniscus implant (CMI) market is witnessing a steady growth, expected to grow at a CAGR of 5.3%. Globally, the increasing commonness of arthritis, sports injury, and numerous bone disorders will drive the overall market growth. Collagen meniscus implants are completely absorbable implant and biological, made from purified collagen. It is specifically designed to faciliate the growth of new tissue. For e.g. Stryker Collagen Meniscus Implant (CMI®).
