The global microdisplays market size is calculated at USD 3.09 billion in 2024 and is predicted to reach around USD 26.35 billion by 2034, expanding at a CAGR of 23.92% from 2024 to 2034. Growing advancements in microdisplay technology are the key factor driving the market growth. Also, the increasing adoption of next-generation display technology coupled with the rising utilization of head-mounted displays (HMDs) can fuel the microdisplays market growth further.
The global electric ranges market size is estimated at USD 24.81 billion in 2024 and is anticipated to reach around USD 50.29 billion by 2034, expanding at a CAGR of 7.32% between 2024 and 2034. The growing consumer demand for energy-efficient appliances is the key factor driving the growth of the electric ranges market. Also, increasing consumers' awareness about environmental sustainability coupled with the development of cooking technology can fuel market growth shortly.
The global haptic devices market size is calculated at USD 5.61 billion in 2024 and is projected to surpass around USD 25.67 billion by 2034, expanding at a CAGR of 16.42% from 2024 to 2034. The haptic devices market is experiencing significant demand due to the increasing growth in virtual reality (VR) and augmented reality (AR). These devices are gaining constant popularity in the entertainment and gaming industry.
The global smartphone photo printers market size is calculated at USD 19.80 billion in 2024 and is projected to surpass around USD 38.62 billion by 2034, expanding at a CAGR of 6.91% from 2024 to 2034. The demand for smartphone photo printers is rising due to the increasing penetration of the internet and smartphones worldwide.
The global pressure transducer market size is worth around USD 10.22 billion in 2024 and is anticipated to reach around USD 29.80 billion by 2034, growing at a CAGR of 11.30% over the forecast period 2024 to 2034. The North America pressure transducer market size reached USD 3.49 billion in 2023. The pressure transducers' benefits include being simple to construct, highly durable, lightweight, compact, highly sensitive, providing high stability, regulated output, economical, and designed on robust technologies that help the growth of the market.
The global secure access service edge market size is worth around USD 2.29 billion in 2024 and is anticipated to reach around USD 21.49 billion by 2034, growing at a solid CAGR of 25.10% over the forecast period 2024 to 2034. The North America secure access service edge market size reached USD 660 million in 2023. The increasing need for secure data access and networks, including the inclination of major enterprises for cloud-based solutions, rising digitalization, internet penetration across various verticals, and edge computing, is fuelling the secure access service edge market on a global scale.
The global electrical appliances market size is worth around USD 611.49 billion in 2024 and is anticipated to reach around USD 1,346.07 billion by 2034, growing at a CAGR of 8.21% over the forecast period 2024 to 2034. The rising investment in research and development by key prominent players to manufacture environment-friendly and reliable appliances is anticipated to boost the electrical appliances market during the forecast period.
The global proximity sensor market size is worth around USD 4.37 billion in 2024 and is anticipated to reach around USD 9.01 billion by 2034, growing at a solid CAGR of 7.52% over the forecast period 2024 to 2034. Rapid advancements in technology, such as the development of miniaturized sensors in the electronic industry, are projected to offer lucrative growth opportunities for the expansion of the proximity sensor market.
The global EMI shielding market size is worth around USD 7.59 billion in 2024 and is anticipated to reach around USD 12.98 billion by 2034, growing at a CAGR of 5.52% over the forecast period 2024 to 2034. North America EMI shielding market size reached USD 2.30 billion in 2023. The increasing use of electronic devices and their dependency across various fields ranging from healthcare to telecommunication are the major drivers propelling the EMI shielding market on a broader scale.
The global RFID market size is worth around USD 15.86 billion in 2024 and is anticipated to reach around USD 48.51 billion by 2034, growing at a solid CAGR of 11.83% over the forecast period 2024 to 2034. The North America RFID market size reached USD 5.53 billion in 2023. Increasing adoption of RFID technology in various fields, from manufacturing to healthcare across the globe, while promising enhanced security and high operational efficiency with technological advancements in the RFID field, are the major factors propelling the RFID market globally.
The global drone battery market size is worth around USD 8.07 billion in 2024 and is anticipated to reach around USD 42.32 billion by 2034, growing at a solid CAGR of 18.02% over the forecast period 2024 to 2034. The North America drone battery market size reached USD 2.33 billion in 2023 Drones service providers and manufacturers needs to provide various type of drone batteries as per requirement fuelling the production of drone battery and thus, propelling the drone battery market world widely on a larger scale.
The global 3D projector market size was USD 4.21 billion in 2023, calculated at USD 4.53 billion in 2024, and is expected to reach around USD 9.44 billion by 2034, expanding at a CAGR of 7.62% from 2024 to 2033. The increasing popularity of 3D technologies in cinema, education, etc., is expected to drive the 3D projector market growth.
The torque sensor market size was estimated at USD 10.10 billion in 2023 and is projected to grow to USD 24.53 billion by 2034, rising at a compound annual growth rate CAGR of 8.40% from 2024 to 2034. The increasing demand for automobile, aerospace, and robotic sectors, rising investments, and government policies drive the torque sensor market.
The global mobile device management market size is worth around USD 7.80 billion in 2024 and is anticipated to reach around USD 68.24 billion by 2034, growing at a solid CAGR of 24.22% over the forecast period 2024 to 2034. The North America mobile device management market size reached USD 2.39 billion in 2023 and is expected to attain around USD 26.27 billion by 2034, poised to grow at a CAGR of 24.34% between 2024 and 2034. The rapid increase in smartphone use is a major contributor to mobile device management market growth.
The global outdoor LED lighting market size is worth around USD 33.99 billion in 2024 and is anticipated to reach around USD 136.57 billion by 2034, growing at a CAGR of 14.92% from 2024 to 2034. LED lighting is being widely adopted globally for outdoor lighting purposes due to its energy-efficient, eco-friendly nature, long lifespan, and durability, which makes it ideal for operation under extreme outdoor temperatures.
The global portable projector market size surpassed USD 1.74 billion in 2023 and is estimated to increase from USD 1.86 billion in 2024 to approximately USD 3.60 billion by 2034. It is projected to grow at a CAGR of 6.83% from 2024 to 2034. The North America portable projector market size reached USD 590 million in 2023.
The global marine electronics market size is projected to be worth around USD 12.78 billion by 2034 from USD 6.80 billion in 2024, at a CAGR of 6.52% from 2024 to 2034. The North America marine electronics market size reached USD 2.42 billion in 2023. The increasing maritime activities globally are driving the growth of the market. A lot of goods/products are imported and exported via marine routes, which is why marine electronics are required.
The global circuit breaker and fuse market size is projected to be worth around USD 27.89 billion by 2034 from USD 16.44 billion in 2024, at a CAGR of 5.43% from 2024 to 2034. The rising focus on electrical safety standards is anticipated to boost the growth of the circuit breaker and fuse market. The rapid urbanization and industrialization are the major factors promoting the growth of the market in the upcoming years.
The global explosion proof lighting market size is projected to be worth around USD 788.16 billion by 2034 from USD 395.45 billion in 2024, at a CAGR of 7.14% from 2024 to 2034. Stringent government policies in the adoption of explosion-proof components in industries are driving the market's growth.
The global smart home hardware market size is projected to be worth around USD 309.23 billion by 2034 from USD 81.04 billion in 2024, at a CAGR of 14.33% from 2024 to 2034. Rising internet penetration, including innovative and cutting-edge technologies, and increasing disposable income of masses across the globe are fuelling the growth of the smart home hardware market significantly.
The global laser projection market size is projected to be worth around USD 92.79 billion by 2034 from USD 17.52 billion in 2024, at a CAGR of 18.14% from 2024 to 2034. The increasing demand for high-quality videos has driven the growth of the laser projection market.
The global robotic welding market size is projected to be worth around USD 24.69 billion by 2034 from USD 9.49 billion in 2024, at a CAGR of 10.03% from 2024 to 2034. The increasing need for welding robots in the automotive sector is fuelling the market growth.
The global position sensor market size is projected to be worth around USD 11.78 billion by 2034 from USD 5.93 billion in 2024, at a CAGR of 7.09% from 2024 to 2034. Rising trends towards automation in industries like automotive, packaging, military & aerospace, etc., contribute to the market’s growth.
The global semiconductor IP market size is estimated at USD 6.94 billion in 2024 and is projected to be worth around USD 17.06 billion by 2034 growing at a CAGR of 8.52% from 2024 to 2034. The semiconductor IP market growth is attributed to the adoption of automation and robotics, which drives the need for advanced IP (intellectual property) solutions. Semiconductor intellectual property is made up of reusable blocks of functionality that are required in designing ICs, as well as SoC devices, which have already been designed and tested. These components include processors and memory modules, differential and other analog signal circuits, and many other interface modules that are designed and offered for licensing to semiconductor manufacturers and system designers by other companies.
The global marine lighting market size is projected to be worth around USD 715.91 million by 2034 from USD 426.33 million in 2024, at a CAGR of 5.32% from 2024 to 2034. The increase in shipping activities like maritime trade, enhanced military naval activities, and shipping accidents drives the marine lighting market.
The global high-speed camera market size is projected to be worth around USD 2,190.51 million by 2034 from USD 666.81 million in 2024, at a CAGR of 12.63% from 2024 to 2034. The North America high-speed camera market size reached USD 207.21 million in 2023. The market growth is attributed to increasing adoption of advanced imaging technology across diverse industries.
The global circuit monitoring market size is projected to be worth around USD 1,101.13 million by 2034 from USD 694.29 million in 2024, at a CAGR of 4.72% from 2024 to 2034. The rising demand for the modern approach for the power management and monitoring driving the growth of the market.
The global electric actuator market size is predicted to reach around USD 17.01 billion by 2034 from USD 9.13 billion in 2024, at a CAGR of 6.42% from 2024 to 2034. The increase in demand from the gas and oil industry and rising safety and purity standards for water and wastewater treatment plants eventually affect the demand for electric actuators, which are the major driving factors of the electric actuator market.
The global 3D scanner market size is projected to be worth around USD 7.16 billion by 2034 from USD 1.98 billion in 2024, at a CAGR of 13.72% from 2024 to 2034. The North America 3D scanner market size reached USD 640 million in 2023. 3D scanning technology is widely adopted in several industries, such as architecture, aerospace, healthcare, media, and automotive sectors, leading to substantial growth in the 3D scanner market.
The global multispectral camera market size is projected to reach around USD 5.74 billion by 2034 from USD 2.33 billion in 2024, at a CAGR of 9.42% from 2024 to 2034. Growing research and development (R&D) activities play a crucial role in driving the multispectral camera market growth.
The global stepper motors market size was USD 5.66 billion in 2023, calculated at USD 5.89 billion in 2024 and is expected to reach around USD 8.89 billion by 2034. The market is expanding at a solid CAGR of 4.20% over the forecast period 2024 to 2034. The rising application of stepper motors in the semiconductor industry across the world is driving the growth of the stepper motors market.
The global IoT chips market size was USD 470 billion in 2023, accounted for USD 539.44 billion in 2024 and is expected to reach around USD 2,140 billion by 2034. The market is expanding at a solid CAGR of 14.77% over the forecast period 2024 to 2034. The North America IoT chips market size reached USD 173.90 billion in 2023. The IoT chips market is driven by the creation of safe, low-power semiconductors that guard against security lapses.
The global power semiconductor market size was USD 50.30 billion in 2023, calculated at USD 52.57 billion in 2024 and is expected to reach around USD 81.70 billion by 2034, expanding at a CAGR of 4.50% from 2024 to 2034. The rising demand for home appliances across the world is driving the growth of the power semiconductor market.
The global graphene-based supercapacitors market size is expected to rise with an impressive CAGR and generate the highest revenue by 2034. Graphene presents exceptional properties like fast charging and discharging with a larger surface area, making it a highly conductive material that can be applicable to various sectors like automotive and consumer electronics and the driving factor of the graphene-based supercapacitors market.
The global artificial intelligence (AI) sensor market size was USD 3.32 billion in 2023, calculated at USD 4.77 billion in 2024 and is expected to reach around USD 178.03 billion by 2034. The market is expanding at a solid CAGR of 43.62% over the forecast period 2024 to 2034. The North America artificial intelligence (AI) sensor market size reached USD 41% billion in 2023. The surge in government investment in Artificial Intelligence (AI) research and development is anticipated to accelerate the market’s growth.
The global environmental gas sensor market is fueled by increasing pollution awareness and tech innovations. From 2024 to 2034, the market is evolving, with Asia-Pacific leading and North America experiencing rapid growth in air quality monitoring and smart city projects. The environmental gas sensor market is driven by rising anxiety over pollution in the environment and air quality. These sensors are essential for keeping an eye on different areas to make sure rules are followed and public health is safeguarded.
The global power amplifier market size was USD 1.22 billion in 2023, calculated at USD 1.35 billion in 2024 and is expected to reach around USD 3.75 billion by 2034. The market is expanding at a solid CAGR of 10.74% over the forecast period 2024 to 2034. Rising demand for radio frequency power amplifiers can boost the power amplifier market.
The global webcams market size was USD 7.96 billion in 2023, calculated at USD 8.54 billion in 2024 and is expected to reach around USD 17.18 billion by 2034, expanding at a CAGR of 7.32% from 2024 to 2034. The North America webcams market size reached USD 3.82 billion in 2023. The rising demand for real-time video conferencing technologies by the various sectors is driving the growth of the market.
The global defense electronics market size was USD 168.20 billion in 2023, calculated at USD 176.81 billion in 2024 and is expected to reach around USD 277.13 billion by 2033, expanding at a CAGR of 5.12% from 2024 to 2033. The defense electronics market is driven by the growing need in military operations for Internet of Things (IoT) and artificial intelligence (AI) gadgets.
The global organic substrate packaging material market size was USD 15.27 billion in 2023, calculated at USD 15.86 billion in 2024 and is expected to reach around USD 22.26 billion by 2033, expanding at a CAGR of 3.84% from 2024 to 2033. A significant rise in the demand for portable electronic devices, in addition to the advancements in information and communication technology is the organic substrate packaging material market driver.
The global test and measurement equipment market size was USD 34.37 billion in 2023, calculated at USD 35.96 billion in 2024 and is expected to reach around USD 53.99 billion by 2033, expanding at a CAGR of 4.62% from 2024 to 2033. Rising investment in industrial development drives the growth of the market.
The global microwave devices market size was USD 7.95 billion in 2023, calculated at USD 8.42 billion in 2024 and is expected to reach around USD 14.13 billion by 2033, expanding at a CAGR of 5.92% from 2024 to 2033. Rising the telecom industries can boost the microwave devices market.
The global 5G optical transceiver market size was USD 1.84 billion in 2023, calculated at USD 2.39 billion in 2024 and is expected to reach around USD 25.27 billion by 2033. The market is expanding at a solid CAGR of 29.95% over the forecast period 2024 to 2033. The growing demand for 5G is expected to drive the deployment of 5G optical transceivers in 5G infrastructure, thereby driving the 5G optical transceiver market.
The global micro-led display market size was USD 1.18 billion in 2023, calculated at USD 2.07 billion in 2024, and is expected to reach around USD 325.96 billion by 2033. The market is expanding at a solid CAGR of 75.44% over the forecast period 2024 to 2033.When it comes to contrast ratios and brightness, micro-LED displays outperform conventional LCD and OLED displays. Images, as a result, are sharper and more colorful.
The global wireless charging market was valued at USD 15.10 billion in 2023 and is anticipated to reach around USD 140.75 billion by 2033, registering a CAGR of 25.01% from 2024 to 2033.
The global power and control cable market size was valued at USD 134.10 billion in 2023 and is anticipated to reach around USD 267.27 billion by 2033, growing at a CAGR of 7.14% from 2024 to 2033. Thanks to advancements in cable technology, which include the creation of high-performance, eco-friendly cables, power, and control systems are becoming more efficient and safer.
The global smartphones market size accounted for USD 566.12 billion in 2024 and is predicted to reach around USD 1138.76 billion by 2034, growing at a CAGR of 7.2% from 2024 to 2034. Several technological advancements, including the integration of augmented reality and virtual reality, are observed to drive the growth of the smartphones market.
The global smart wearables market size accounted for USD 72.13 billion in 2024 and is predicted to reach around USD 431.74 billion by 2034, growing at a CAGR of 19.59% from 2024 to 2034. The smart wearables market is driven by an increased emphasis on managing chronic diseases and preventative healthcare.
The global battery power tools market size was valued at USD 25.43 billion in 2023 and is anticipated to reach around USD 49.70 billion by 2033, growing at a CAGR of 6.93% from 2024 to 2033.
The global smart display market size was valued at USD 7.62 billion in 2023 and is anticipated to reach around USD 51.47 billion by 2033, growing at a CAGR of 21.05% from 2024 to 2033. The increasing penetration of smart devices and internet users is driving the growth of the market.
