Power Supply Market is Expected to Witness the Highest Technological Growth by 2023
The power
supply market is expected to be worth USD 34.92 billion by 2023,
growing at a CAGR of 6.7% from 2018 to 2023. Factors such as growing adoption
of home and building automation systems, emerging telecommunications sector,
and increasing demand for energy-efficient devices/appliances are driving the
growth of the power supply market. The increasing requirement of power supply
in medical and...
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...
How are advancements in consumer electronics and other verticals influencing the 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...
The Market for Track Geometry Measurement System is expected to grow at a Higher CAGR from 2019 to 2024
The track
geometry measurement system (TGMS) market is expected to be valued
at USD 2.8 billion in 2019 and is likely to reach USD 3.7 billion by 2024, at a
CAGR of 6.00% during the forecast period. The use of track geometry measurement
systems by the companies operating in the railway industry for complying with
various standards and regulations is among the key factors driving the TGMS
market. Moreover,...
Industrial IoT Market Size | IIoT Market | Industry Analysis and Market Forecast to 2023
Industrial IoT Market
is expected to witness high growth during the forecast period. The
market is expected was valued at USD 59.54 billion in 2017 and is
expected to reach USD 91.40 billion by 2023, at a CAGR of 7.39% during
the forecast period. The major factors driving the growth of the IIoT
market include technological advancements in semiconductor and
electronics devices, availability of...