P&S Intelligence considers the burgeoning industrial production a key reason behind the growth of the stepper motor market size to $3.7 billion in 2030 from $2.5 billion in 2019, at a 3.4% CAGR between 2020 and 2030.
P&S Intelligence cites this as the key factor in the growth of the battery management system (BMS) market from $5,661.0 million in 2020 to $22,279.6 million in 2030, at a 15.0% CAGR between 2021 and 2030.
In recent years, the usage of digital pens has increased massively all over the world. This has been primarily because of the fact that they assist in reducing the amount of time required for filling forms for several purposes.
The global optical networking and communication market reached a value of $16.9 billion in 2019 and is expected to generate a revenue of $32.8 billion by 2030, progressing at a 6.2% CAGR during the forecast period (2020–2030).
The global interactive display market reached a value of $9.2 billion in 2018, and it is predicted to generate revenue of over $16.4 billion in 2024, progressing at a 10.4% CAGR during the forecast period.