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 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 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 projected to be worth around USD 17.06 billion by 2034 from USD 6.94 billion in 2024, 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.
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.
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