System Digital Twins to boost Digital Twin Market during Forecast Period 2019-2025
The digital twin market is estimated to grow from USD 3.8 billion in 2019 to USD 35.8 billion by 2025, at a CAGR of 37.8%. Declining time and cost of product development and unplanned downtime with the adoption of digital twins, increasing adoption of emerging technologies such as IoT and cloud, and growing use of digital twin for predictive maintenance are among the factors fuelling the growth of...
Geotechnical Instrumentation and Monitoring Market | key drivers, restraints, opportunities, and challenges
Geotechnical Instrumentation and Monitoring Market by Offering (Hardware & Software, and Services), Technology (Wired, Wireless), Structure (Tunnels & Bridges, Buildings & Utilities, Dams), Application, End User, and Geography – Global Forecast to 2024
The overall geotechnical instrumentation and monitoring market (GTIM) is expected to grow from USD 3.3 billion in 2019 to...
What are the major drivers, restraints, opportunities, and challenges pertaining to the biosensors market?
The biosensors market is estimated to grow from USD 21.2 billion in 2019 to USD 31.5 billion by 2024, at a CAGR of 8.3%. The growth of the biosensors market can be attributed considering continuous technological advancements in the biosensors ecosystem, increase in the use of biosensors for nonmedical applications, lucrative growth in PoC diagnostics, and rise in the demand for glucose monitoring...
Lithium Ion Battery Market | Who are the key players and what are the strategies adopted by them?
Lithium Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry (Consumer Electronics, Automotive, Medical, Industrial), and Region – Global Forecast to 2024
The growth of the lithium ion battery market is driven by the increase in demand for plug-in vehicles, growing need for automation and battery-operated...
Silicon on Insulator (SOI) Market Is Expected To Grow At a Highest CAGR during 2019-2024
The Silicon
on Insulator (SOI) market is projected to grow from USD 894 million in 2019
to USD 2,186 million by 2024, at a CAGR of 19.6% from 2019 to 2024. Advancements
in smartphones, tablets, earphones/headphones, and wearables are expected to fuel
the growth of the market for consumer electronics, which use SOI wafers.
Moreover, the rising adoption of
SOI-based devices in advanced applications...
Americas expected to hold largest share of precision harvesting market during forecast period
The Americas held the largest share of the precision harvesting market in 2018. The US and Canada are the early adopters of precision harvesting technologies, which is the major reason for the large market share of this region. Farmers or growers in this region are increasingly adopting autonomous combine harvesting systems and equipment such as steering and guidance systems, sensors, display...
Solid-State Cooling Market is Expected to Grow at Highest CAGR between 2019-2024
Solid-state cooling systems use a
thermoelectric module, which is a semiconductor-based component, soldered
between 2 ceramic plates, with a sandwich-type structure filled with bismuth
telluride particles and doped to obtain N-P junctions. When DC power is applied
to a thermoelectric module, heat transfer is initiated from one side of the
module to another. Thus, one of the module faces is cooled...
Agriculture Drones Market worth $4.8 billion by 2024 with a growing CAGR of 31.4%
The agriculture
drones market is expected to grow from USD 1.2 billion by 2019 to USD 4.8
billion by 2024 at a CAGR of 31.4%. A few key factors driving the growth of
this market are pressure on global food supply due to growing world population,
and availability of software solutions for field survey and data analytics.
Recently, the Federal Aviation Administration (FAA), the regulatory body for...
Will suppliers continue to explore new avenues for the micro battery market
Although similar to conventional batteries, micro batteries are made of thinner materials such as nanometers or micrometers. These batteries are developed by depositing or printing the materials on a thin film substrate. Micro batteries are intrinsically safe compared to conventional batteries as they are manufactured using all solid-state materials.
The micro battery market was valued at USD...
What are drivers, opportunities, restraints, and challenges that influence the growth of the smart manufacturing platform market?
According to MarketsandMarkets, the global smart manufacturing platform market is projected to grow from USD 4.4 billion in 2019 to USD 10.8 billion by 2024; it is expected to grow at a CAGR of 19.7%. Major factors driving the growth of the smart manufacturing platform market include the rising importance of Industry 4.0 & smart factory, government support to increase industrial automation in...