The complex transistor market is a rapidly growing segment of the semiconductor industry, characterized by advanced and sophisticated transistor technologies that enable high-performance electronic devices.The market revenue of complex transistors is expected to grow at a compound annual growth rate (CAGR) of around 8% during the forecast period of 2024 to 2032.
The global electric bug zappers market is expected to grow at a CAGR of 3.5% during the forecast period of 2024 to 2032. The incidence of vector-borne diseases is anticipated to increase the demand for electric insect killers. These devices kill insects using high-voltage electrical grids, thereby lowering their number and the risk of disease transmission.
The global 3D Printed Electronics Market is projected witness immense growth, expanding at a CAGR of 27.8% during the forecast period from 2024 to 2032. The growth is mainly credited to the growing advantages of 3D printed electronics including high proficiency and accuracy, minimal wastage in production process, etc.
Increasing electricity expense resulting in need for optimum energy conservation is expected to transform the complete lighting industry, driving digitization and hence smart lighting demand. The advent of Internet of Things (IoT) technology and initiatives taken by the governments across the globe to develop smart cities are instrumental in driving demand for smart lighting solutions worldwide.
Food blenders and mixers market is expected to grow at a CAGR of 5.5% by 2031. Consumption of processed food has increased drastically over the past few years and this has intensified the demand for food blenders and mixer all over the globe. Blenders are multipurpose appliance used in various fields. The most important function of blender is ice crushing. Apart from this it is also utilized to emulsify softer food ingredients such as fruit and yogurt.
Consumer electronic accessories market expected to grow at a CAGR of 7.1% from 2018 to 2026 and reach US$ 59.5 Bn in 2026. There has been a significant surge in the demand for consumer electronics in recent years and the dynamics pertaining to it has changed drastically.
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.
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