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global market for Consumer Batteries is projected to reach US$50 billion by 2025,
driven by the growing indispensability of batteries in the digital era of
laptops, smartphones, tablets, smart electronic wearables and digital cameras.
As the most important portable power source, batteries are omnipresent in
virtually every sector that utilizes electronic/electrical equipment. In the consumer electronics
sector, smartphones need long-lasting batteries; electronic wearables need
cost-effective battery solutions; and consumer internet of things (IoT) to
reach its full potential needs smart batteries. Consumerism, especially digital
consumerism, is driving increased use of digital technology, tools and devices.
This rise of digital consumers is supported by a host of factors such as rapid
development of internet infrastructure; spread of mobile communication network
technologies like 4G and 5G; falling cost of mobile data and voice tariffs;
falling prices of smartphones and their rapid penetration. All of these factors
have changed the way people consume digital goods and services, leading the way
to rapid proliferation of digital devices and platforms. Deeper engagement with
digital technologies is further being encouraged by concepts such as consumer
IoT; smart homes; and home automation. Against this backdrop of the emergence of
the modern digital consumer, the consumer electronics industry is poised to grow
from US$322.8 billion in 2018 to over US$623.4 billion by 2024. This emerging opportunity
brings batteries into the spotlight as a key enabler of the age of portable electronics
and smart mobile computing. Read More…
The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022
Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear. Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
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