The wireless charging market is growing at a fast pace owing to wide applications across consumer electronics devices, automotive and the industrial sector.
The gyroscope market was valued at $1.6 billion in 2018, and is estimated to reach $2.1 billion after growing at a CAGR of 5% during the forecast period 2019-2025.
The test and measurement equipment market is forecast to reach $33 billion by 2025 and is estimated to grow at a CAGR of 4.05% during the forecast period 2019-2025.
The Soda Ash market is expected to reach $20 billion by 2025, growing at a CAGR of 3%. Glass industry tends to be the fastest growing sector in the global soda ash industry owing to the construction industry.
The growth of propylene glycol market can be attributed to the growing consumption of propylene glycol in Indian and Chinese economies. In the last few years, the effective growth of Indian and Chinese automotive, construction, F&B, and pharmaceutical sectors has revived the growth of propylene glycol.
Increasing support from the government for adoption of fingerprint sensors, along with use of biometrics in mobile commerce and BFSI, have been driving the fingerprint sensor market.
Expansion of the eye tracking market in the developing countries and the usage of eye tracking as an innovative instructional method in surgical anatomy is another prominent factor that is fuelling the market growth.
The Powder Injection Molding market is expected to reach $3,639m by 2023, growing at a CAGR of 9%. The powder injection molding industry is largely being driven by growth in the electronics, and aerospace & defense industries.
The powdered milk market is estimated to reach $10 billion by 2025 owning its characteristics of having a longer shelf-life than liquid milk. Powdered milk is easy to store in cold temperatures and convenient to transport to remote areas, where milk supply and production volumes are low.
The pharmaceutical packaging market is forecast to reach $9.5 billion by 2024, growing at a CAGR of 6.5%. The market growth can be attributed to the growth of pharmaceutical industry in the emerging economies, growing demand for drug delivery devices and blister packaging.