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The global residential fully automatic washing machine market size reached a substantial value in 2020 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth are rising adoption of automated household appliances and increasing disposable income among the growing middle class population.

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The global lactic acid market was valued at USD 1.2 billion in 2020 and is expected to reach value of 2.5 billion by 2028, expanding at a CAGR of 12.5% during the forecast period. The global lactic acid market is highly driven by high demand for lactic acid and polylactic acid in end-user applications, rise in demand for alternative environment-friendly resources and technological advancements to encourage the production of lactic acid & polylactic acid.

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The global jewelry market size was USD 255.73 billion in 2021 and is expected to register a revenue CAGR of 8.2% over the forecast period. Increasing household disposable income and demand for bridal jewelry are some major factors driving the market revenue growth. Jewelry is traditionally sold as a luxurious product and demands are accelerating revenue growth of the market along with increasing household disposable income.

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The global advanced smartwatch market size reached a robust value in 2020 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth are increasing demand for smart wearable devices that can receive and make phone calls, respond to text messages, track fitness activities, get notifications, and even make contactless payments from the wrist.

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The global smart HD TV market size was USD 148.1 billion in 2020 and is expected to register a CAGR of 30.2% during the forecast period. Estimates shows that 271.2 million units were shipped in 2020. Major factors driving smart HD TV market revenue growth include shifting consumer preference for OTT video streaming services, increasing demand for smart connect devices and wider internet penetration that has made smart TVs a more viable option.

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