China’s aviation industry is on track for a substantial expansion, with its commercial airplane fleet expected to more than double by 2043, according to Boeing’s 2024 Commercial Market Outlook (CMO) for China. This significant growth is driven by an increasing demand for passenger and cargo air travel, fueled by the country’s ongoing economic development and the expansion of its airlines’ …
China’s Smart Home Security Camera Market Set for Robust Growth
The China smart home security camera market is expected to grow significantly, with a projected CAGR of 15.5% from 2024 to 2031. This growth is fueled by increasing infrastructure developments, rising construction projects to accommodate the growing population, and a surge in home improvement initiatives driven by higher purchasing power. The demand for smart home automation, coupled with heightened consumer …
Beidou Chip Market Poised for Massive Growth: Projected to Reach $100 Billion by 2032
The Beidou Chip Market is set for significant growth, driven by the global adoption of China’s BeiDou Navigation Satellite System (BDS). Valued at $9.23 billion USD in 2023, the market is expected to soar to $100 billion USD by 2032, with a compound annual growth rate (CAGR) of 30.31% from 2024 to 2032. Key factors include advancements in semiconductor technology, …
China Electric Car Market Set for Significant Growth by 2030
The China electric car market is poised for robust growth, with the market size expected to expand from US$ 515 billion in 2023 to an estimated US$ 1,573.6 billion by 2030, reflecting a compound annual growth rate (CAGR) of 17.3%. This growth is driven by a combination of factors including government incentives, advancements in battery technology, and increasing consumer awareness …
China’s Printed Electronics Market Poised for 15.5% CAGR Growth by 2031
China’s printed electronics market is set for substantial growth, with a projected CAGR of 15.5% from 2024 to 2031. This surge is primarily driven by the high consumer demand for electronic devices and substantial investments in R&D by companies and research institutes. The country’s prominent role in the global consumer electronics market, exporting products like smartphones and wearables, further fuels …