The global micro switch market is experiencing strong momentum, projected to grow from USD 5.9 billion in 2022 to USD 9.2 billion by 2031, registering a CAGR of 5.4% during the forecast period. This growth is being powered by rising demand across a broad range of applications — from home appliances and industrial control panels to medical devices and electric vehicles (EVs). What Is...

The global silicon capacitors market stood at a valuation of USD 1.6 Bn in 2022 and is poised to reach USD 2.6 Bn by the end of 2031, expanding at a steady CAGR of 5.3% during the forecast period from 2023 to 2031. This growth is largely attributed to increasing demand from high-reliability industries such as aerospace, defense, automotive, healthcare, and telecommunications, where performance,...

The global Aerospace Valves Market is witnessing consistent expansion, having been valued at US$ 3.4 Bn in 2022 and projected to reach US$ 5.2 Bn by 2031, growing at a CAGR of 4.9% from 2023 to 2031. As aerospace systems evolve to become more complex and reliable, the demand for high-performance valves that can operate in extreme conditions continues to surge.   Market Overview: Aerospace...

The global fork sensors market, valued at USD 427.4 Mn in 2022, is projected to grow at a robust CAGR of 9.9% between 2023 and 2031, reaching USD 993.9 Mn by the end of 2031. Fork sensors also known as slot sensors are increasingly becoming an integral part of modern industrial automation systems. With built-in transmitters and receivers housed in U- or L-shaped enclosures, these sensors offer...