Automotive TIC Market Opportunities and Challenges

The automotive industry is transforming at a faster rate owing to the development of cutting-edge technologies and stringent environmental regulatory policies. This report on the automotive TIC market is a platform that explains applications, market trends, and varieties of TIC services, ranging from testing, inspection, and certification to auditing and quality control and assurance. These services...

Agriculture IoT Market is Expected to Grow at the highest CAGR during 2019-2024

The agriculture IOT market is expected to grow from USD 12.7 billion in 2019 to USD 20.9 billion by 2024, at a CAGR of 10.4% from 2019 to 2024. A few key factors driving the growth of this market are increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, focus on livestock monitoring and disease detection to improve farming efficiency, and...

Load Monitoring System Market worth $3.3 billion by 2024 with a growing CAGR of 4.0%

The load monitoring system market is estimated to be USD 2.6 billion in 2018 and is expected to reach USD 3.3 billion by 2024, at a CAGR of 4.0% during the forecast period. Load monitoring system is a combination of load cells, load indicators and controllers, and data logging software. Load monitoring system is based on analog or digital technology and used in various industries such as automotive,...

Wireless Testing Market worth $14.4 billion by 2024 with a growing CAGR of 6.7%

The global wireless testing market size was valued at USD 10.4 billion in 2019 and is projected to reach USD 14.4 billion by 2024; it is expected to grow at a CAGR of 6.7% during the forecast period. The adoption of advanced manufacturing techniques that require minimum human intervention and maintain quality of products has been increasing across different industry verticals. Recent advancements...

Purpose-built Backup Appliance (PBBA) Market worth $8.6 billion by 2024 with a growing CAGR of 10.6%

The purpose-built backup appliance market is expected to grow from USD 5.2 billion in 2019 to USD 8.6 billion by 2024, at a CAGR of 10.6%. The purpose-built backup appliance is used to take the backup of enterprise data. The market for the purpose-built backup appliance is driven by the rising awareness and focus of enterprises to protect their business data and recover it using this tool, growing...

How are advancements in consumer electronics and other verticals influencing the iris recognition market?

Iris Recognition Market
The global iris recognition market size is expected to grow from USD 2.3 billion in 2019 to USD 4.3 billion by 2024, at a CAGR of 13.2% during the forecast period. The high adoption of iris recognition technology by government organizations for identification and authentication purposes is the primary driving factor for the iris recognition industry. The increasing penetration of iris recognition...

Safety Laser Scanner Market Expected To Grow At Higher CAGR from 2018 To 2023

The overall safety laser scanner market is expected to grow from USD 304 million in 2018 to USD 406 million by 2023, at a high CAGR during 2018–2023. The safety laser scanners offer a long-term cost-effective solution for use with new machine installations or for retro fitting machines, plants, or even vehicles. Therefore, small form factor, high user-friendliness, seamless integration, and high...

Growing demand for smart lighting solutions, and growing demand from horticulture markets are the key driving factors for the LED packaging market

The LED packaging market was valued at USD 17.08 billion in 2016 and is expected to reach USD 26.39 billion by 2023, at a CAGR of 6.2% during the forecast period. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023. Objectives of the Study: Define, describe, and forecast the overall market segmented, in terms of value, on the basis of package...

Medical Electronics Market To Hold The Largest Share During The Forecast Period 2019-2025

The medical electronics market is estimated to be worth USD 5.1 billion in 2019 and is projected to reach USD 6.6 billion by 2025, at a CAGR of 4.6% from 2019 to 2025. The medical electronics industry is expected to witness substantial growth in the next six years mainly due to the rising incidents of chronic diseases; increasing adoption of medical imaging, monitoring, and implantable devices; rising...

Retail Automation Is Expected To Witness the Highest Demand during 2017-2023

The growth of the retail automation market can be attributed to the increasing demand for business optimization by retailers and reduction in their operational costs, rising demand for quality and quick services, and growing demand for retail automation solutions across the globe. The report “Retail Automation Market by Type (PoS, Barcode, and RFID, ESL, Camera, AGV, ASRS, Automated...