The image processing unit market worldwide is expected to grow with a CAGR of 18.5% during the forecast period from 2024 to 2032, starting from US$ 1244.2 Mn in 2021. Movidius (Intel Company) the company based out of U.S., which has got products widely catering to different applications, is currently ranked number 1 in the Image Processing Unit Market.
The bed monitoring system & baby monitoring system market worldwide is expected to grow with a CAGR of 8.5% during the forecast period from 2024 to 2032. Bed monitoring system & baby monitoring system market worldwide is observing a robust growth and stood at USD 1.39 Bn in 2020. Owing to increase in investments in healthcare infrastructural development, rising elderly population, rising adoption of unobtrusive monitoring solutions, and increasing online availability the demand for bed monitoring system & baby monitoring system shall grow.
The fiber cleavers market worldwide is expected to grow with a CAGR of 2.8% during the forecast period from 2024 to 2032, starting from US$ 43.69 Mn in 2021. Cleavers with the automatic rotating blade system utilizes the total blade surface and automatically increase the cleaver blade with every cleave.
The global lithium-ion battery separator market is poised to reach US$ 8.11 Bn by 2029, expanding at a CAGR of 11.3% during the forecast period from 2021 to 2029. Increasing penetration for electronic gadgets including smartphones and tablets, stringent government policies for electric vehicles, adoption of energy storage by off-grid power are boosting the demand for lithium-ion battery separator worldwide.
The global power tool batteries market is poised to reach US$ 58.94 Bn by 2032, expanding at a CAGR of 7.10% during the forecast period from 2024 to 2032. Increase in number of construction and infrastructure projects, rapid growth in automobile sector, and growing adoption of power tools are identified as the major factors driving demand for power tool batteries worldwide.
The PLM CP&R market globally is expected to grow with a CAGR of 10.9% during the forecast period from 2021 to 2029, starting from US$ 2.52 Bn in 2020. Rising retail & consumer goods industry and growing demand for product life cycle management are the major growth factors for the market. Use of PLM as a strategic enabler by corporations is another major factor for the market growth. PLM helps in transforming people & processes, enables innovative, time saving and cost effective solutions for procedures.
Globally, the social TV market is expected to grow with a CAGR of 11.5% during the forecast period from 2024 to 2032. The market is driven by the growing adoption of the social media platform across the globe. Over the last decade, social media platform has emerged as the most disruptive trend worldwide. It has significantly changed the way people used to communicate access information and entertain themselves.
The global sneakers market is projected to witness a significant growth, growing with a CAGR of 6.8% during the forecast period from 2024 to 2032. Sneakers are varied into different categories mainly athletic shoes, gym shoes and many more. Sneakers were basically designed for various sports activities but now-a-days are used for everyday wear. Manufacturers are focusing on sustainable resources for manufacturing these shoes.
The global Smart Home Devices market is composed to an extent of US$ 543,374.2 Mn by 2032, expanding at a CAGR of 20.4% during the forecast period from 2024 to 2032. Nowadays, increasing home accidents and security theft have increased the adoption of smart devices.
The global digital mining market was valued at US$ 8.82 Bn in 2021 and is expected to expand at a CAGR of 9.2% during the forecast period from 2024 to 2032. The projected growth of the digital mining market worldwide will be propelled by a combination of factors including perpetually growing adoption of autonomous equipment, rising emphasis on health and safety, and growing environmental concerns.
