The global humidity meter market, valued at US$ 1.3 billion in 2022, is set to grow at a CAGR of 6.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of the forecast period, according to a new industry research report. The growth is fueled by increasing adoption in residential buildings, automotive systems, and advanced healthcare equipment.
The global LED lighting drivers market stood at US$ 13.5 Bn in 2022 and is poised for remarkable growth, projected to expand at a CAGR of 19.0% from 2023 to 2031, reaching US$ 64.1 Bn by the end of the forecast period. As lighting applications transition toward high-efficiency, low-energy consumption solutions, the demand for LED drivers the core c
The global Radio Frequency Identification (RFID) Sensor Market is poised for a significant growth trajectory, with market value projected to more than double from US$ 8.8 billion in 2022 to US$ 18.5 billion by the end of 2031. Registering a robust compound annual growth rate (CAGR) of 8.1% during the forecast period (2023–2031), the market is dri
The global GaN on diamond semiconductor substrates market is poised for significant growth, projected to advance at a robust CAGR of 16.6% from 2023 to 2031, increasing from US$ 34.2 Mn in 2022 to US$ 142.0 Mn by 2031. According to industry analysts, this surge is driven by the rise in demand for high-electron mobility transistors (HEMTs) and the i