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Soft magnetic materials are those materials that are easily magnetized and demagnetized on application of electric field. The demand for soft magnetic material is increasing, owing to their applications in electric & hybrid vehicles, which extensively use soft magnetic materials. In addition, noise reduction and energy efficiency have supplemented the growth of the global soft magnetic material market.

Infrared rays are electromagnetic radiations (EMR) invisible to naked eyes, ranging from wavelength 700 nm to 1 mm. IR cameras detect the range of wavelength and converts them into electronic signals, which are processed on the monitor in the form of thermal image. IR camera is majorly used in night vision lenses, body imaging scanners, CCTV cameras, and lab equipment. Thus, wide range of applications of IR cameras fueled the market growth, and is expected to grow at a significant rate in the forecasted period.

Metal injection molding (MIM) is one of the advanced molding processes, which helps in imparting the desired shape to molten metals. MIM has replaced the conventional molding technology due to the demand for high volume metal parts for automotive and military applications. The prepared mixture, usually a binder and metal powder, is added to injection molding machine, which injects the feed into the mold to acquire a desired shape. In the recent years, manufacturing industries have incorporated MIM due to less wastage of raw materials, cost-effectiveness, and low production time.

Nano-enabled packaging is a type of packaging technique that controls temperature, moisture, pH, and freshness of the material inside the packet, and contains information for consumers, and controls the environment to increase the shelf life of the product. Nano-enabled packaging is in high demand in food & beverage and pharmaceutical industries due to change in consumption patterns. In addition, advancement in nanotechnology and increased global investments have boosted the global nano-enabled packaging market over the past few years.

Nanofibers are those fibers which have a diameter range of 50-1000 nm. The primary usage of nanofibers is in textiles and pharmaceuticals. The eco-friendly and bio-based nature of nanofibers is expected to drive the market growth during the forecasted period. In addition, consumer interest in recyclable products is anticipated to direct the nanofiber market towards profitable growth.

Nano silica is an allotrope of silicon, and the second most abundant element in the earths crust. In the recent years, nanotechnology has witnessed unprecedented demand across several industry verticals. The products manufactured using nano silica have been widely incorporated in various fields such as medical, electrical & electronics, chemicals, construction, and others. The nano silica market has witnessed tremendous development in terms of innovation, revenue generation, and opportunities. In the era of global recession, the global nano silica market was unaffected by its effects and witnessed significant growth due to its extensive application across various industries.

Powder injection molding (PIM) is an advanced injection molding technique used for manufacturing small components in large quantities using powder form of metals, ceramics, or alloys. Metal injection molding and ceramic injection molding are cumulatively used in this process. PIM is extensively in various applications, as it provides high tensile strength and durable components. For instance, Apple Inc. uses PIM for manufacturing lightning connectors to compete with other companies. The applications of PIM have increased in the recent years, owing to surge in the smartphone users, electrical gadgets, and automotive in the recent years.

Liquid crystal on silicon (abbreviated as LCoS) is a small reflective liquid crystal micro displays using a liquid crystal layer on top on silicon baseplate. Electronic circuits controlling the liquid crystals are fabricated on a silicon chip and then coated with a highly reflective surface. This gives very high image quality, as circuitry is behind the pixel and does not produce an obstruction in the light path and prevents formation of any subsidiary image. The LCoS technology is used in major products such as head-mounted display (HMD), projectors, and head-up display (HUD).

The 2D barcode reader is an information interpreter, which is printed on products. These barcodes carry information about the product or service, which increases the efficiency of the business. Tickets, books, food products, parking services, and check-ins & check-outs are some of the examples that include barcodes. At present, use of 2D barcode readers have emerged due to streamlining business, digitalization of accounts, and strict tax reforms globally.

Industrial displays are used in industries to showcase ongoing operations and the estimated results. These displays have a higher significance in appropriate functioning of the industry. Thus, the industry is one of the most prominent markets, in terms of growth. Moreover, global shift of technology and automated processes drive the market growth. In addition, robust display screen, wireless connection, and advanced technology boost the market growth during the forecast period.