Knowledge Sourcing Intelligence Blog

The piezoelectric devices market is projected to grow at a CAGR of 5.22% during the forecast period to reach US$31.027 billion by 2027, from US$21.730 billion in 2020. Piezoelectricity is an electric charge that accumulates in response to applied mechanical stress in materials that have non-centrosymmetric crystal structures. Piezoelectric devices include products such as actuators, transducers, sensors, motors, generators, and others. Different devices have their own distinct functions, such as Piezoelectric transducers are used to convert an acoustic wave into a radio frequency wave and vice versa. Whereas, the piezoelectric actuator features high displacement accuracy, and high response speed, which is mainly used in industrial machinery that requires precise position control. Moreover, these devices can measure changes in pressure, acceleration, temperature, or force by converting them into electronic charges. Piezoelectric devices are utilized in a variety of products, including

The Global Compact Camera module market is projected to grow at a CAGR of 12.35 % during the forecast period to reach US$64.021 billion by 2027, from US$28.326 billion in 2020. Compact Camera Module is commonly used in video conferencing , security systems, and real-time monitoring as a video input device. With the advancement of Internet technology, the continual improvement of network speed, combined with the maturity of photographic imaging device technology and its widespread usage in the manufacture of cameras, the price of cameras has fallen to a level that ordinary people can afford. Camera is now widely utilized in mobile phones, PDAs, and Tablet PCs, encouraging further advances in photographic imaging technology such as 5 megapixels, 8 megapixels, 13 Megapixels, and 24 Megapixels. Compact camera modules are commonly found in electronic gadgets like cell phones and tablets. The compact camera module is designed for ease of use, with focus-free or autofocus lenses for focusin

The Global Smart Vending Machine Market is anticipated to grow at a Compound Annual Growth Rate of 13.30%, from a market value of US$4.807 billion in 2020 to US$11.522 billion in 2027. A machine specializes in providing snacks and drinks with the touch of a button. Smart vending machines have interactive touch screens, digital payments, contactless ordering, pre-booking, and other features known as smart or intelligent retail. In this era, the increase in technological advancement has always been an option for Grab & Go, providing convenience and low cost that helps make more options presented in a vending machine. As smart vending machines advance, they now provide users with more interactive tools such as gesture-based interaction, touch-screen, all modes of cashless transactions, and others. The smart vending machine not only does sell beverages and snacks like traditional vending machines, but it also displays nutritional information to shoppers, which is now a mandatory legal

The Global Single-Use Bioreactor Market is expected to grow at a compound annual growth rate of 15.82% to reach a market size worth US$8.035 billion by 2027. This market was valued at US$2.874 billion in 2020. Disposable or single-use bioreactors replaced culture vessels with disposable bags by enabling processors to incorporate disposable technology, like single-use bags, into manufacturing steps that were formerly reserved for stainless equipment only. In recent years, single-use bioreactors have become an indispensable and integral device in modern biopharmaceutical technology. This could be attributed to the instrument's flexibility, cost-ineffectiveness, and reduced operational costs. They are rapidly replacing the single-use bioreactors in a wide range of applications at both academic and commercial laboratories, including cell culture, biofuel manufacturing, development of antibodies or vaccines, and environmental & pharmaceutical studies, among many others. Furthermore,

The   High-density polyethylene extrusion market was evaluated at US$33.145 billion for the year 2020, growing at a CAGR of 4.28%, reaching a market size of US$44.445 billion by the year 2027.  HDPE (high-density polyethylene) is a medium-strength plastic with a crystalline structure. It is a robust, low-cost material with outstanding processability and a number of properties that make it perfect for packaging and manufacturing applications. It's more durable than normal polyethylene, functions as a strong moisture barrier, and stays solid at room temperature. Aside from that, it's bug, rot, and chemical resistant. HDPE does not emit harmful emissions throughout the manufacturing process or when it is used by end users. It is gaining popularity around the world due to the fact that it will not emit any poisonous compounds into the soil or water. In the automotive and construction industries, high-density polyethylene extrusion is widely used The global increase in automotive pr

  The global oat milk market was valued at US$0.476 billion in 2020 and will increase to US$1.432 billion by 2027. Over the forecast period, this market is estimated to grow at a compound yearly growth rate of 17.04%. Cow milk has been a staple and integral part of the diet of many across the world. As a nutrient-dense food with proteins, carbohydrates, and vitamins, cow's milk is consumed as coffee, tea, or cereals. While it's favored by many, it's not without cons. It isn't well-received by others owing to high amounts of saturated fats, allergies, lactose intolerances, and personal preferences, among many others. According to the estimates mentioned by the National Institute of Diabetes and Digestive and Kidney Diseases, approximately 68 percent of the global population is estimated to be suffering from lactose malabsorption. Thus, among such people, plant-based milk has gained traction. Oats milk is one among them. Oat milk is a simple blend of oats, water, and