Automotive Display Market is expected to grow from $11 billion in 2017 to $23 billion by 2023, at a CAGR of 13% during the forecast period. Increasing demand for automotive displays integrated with features such as infotainment, telematics and navigation among others is expected to drive the market during forecast period. The market has several opportunities such as ongoing development of electric vehicles and semi-autonomous automobiles and new smart mirror and entertainment applications among others.
Category: Market Research
VTOL UAV Global Market Taking Off
VTOL UAV defined as an aircraft that can take off and land and able to perform maneuvers. The demand for VTOL UAV is growing at fastest rate in emerging market owing to rise in combat operation in Korea, Iraq, and Afghanistan and are known for their cost effectivity equipment for security systems.
Outstanding Growth in Recreational Boat Market
Recreational Boating is one of the world’s most vibrant sectors in maritime sector. A recreational boat can basically be described as large a motorboat with cabin, plumbing and other entertaining conveniences needed to live on board. People are using recreational boats to enjoy with their family, friends, and peers while outing. Activities such as fishing, boat racing, water sports game, campaigning, and sailing suits the best use of recreational boat. Materials used to make these ships are coated fabrics, plastics, and aluminum.
Are Gig Economy Platforms Changing the World’s Job Structures?
There have been dynamic changes in the modern workforce. The traditional 9-to-5 job where you work for the same company all your life (with very little change in your work day) is dying. The business world is evolving faster every year, and the ants are flourishing while the dinosaurs are becoming extinct. Not only do workers need to adjust in this freelance gig economy, but companies also need to adjust there corporate structures.
Global Eyewear Market Looking Good
The Global Eyewear Market Size is expected to expand and reach a value of $185 billion by 2024 at a CAGR of 5.5% during the forecast period. Market players are expected to witness lucrative growth opportunities in the global eyewear market during the forecast period owing to the increasing consumer preference for new varieties of eyewear products, leading to a focus on research and development.
Exponential Growth in Global Underwater Monitoring System for Oil & Gas Market
Underwater monitoring systems are used to predict and avoid the unforeseen threats to the environment or human lives with the help of very effective, predictive and quick detection mechanism. These systems also help to monitor and maintain the oil and gas sources and the oil rig structures, in order to meet the everyday energy needs of humans.
Portable Generator Market Revenue Supercharged
The global portable generator market is expected to grow at a CAGR of 3.66%, from 2017 to2022, to reach a market size of $2.28 billion by 2022. The increasing number of weather-related power outages and the increased demand for uninterrupted and reliable power supply in developed and developing nations are expected to drive the global portable generator market during the forecast period.
New Opportunities in Sand Control Systems Market
The sand control systems market is expected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach a market size of $2.84 billion by 2022. Rising oil & gas production, high day rates of offshore rigs, and growth in number of wells are the major factors driving the sand control systems market.
Strong Outlook in Passenger Boarding Bridge Market
Future Market Insights (FMI), in its latest study, underlines the growth trail of passenger boarding bridge market for the foreseeable period 2019-2029. According to the report, passenger boarding bridge market witnessed sales of 1,549 units in 2018, equaling revenues worth ~$600 million. As innovation makes notable inroads in the aviation industry, manufacturers of passenger boarding bridge are under high-press to develop technologically-advanced and convenience-centric offerings.
Medium Voltage Cable & Accessories Market Energized
The medium voltage cables and accessories market is expected to grow at a CAGR of 6.27%, from 2017 to 2022, to reach a market size of $56.18 billion by 2022. Increase in renewable energy generation, rapid industrialization and urbanization, and government initiatives undertaken to expand or upgrade T&D systems are the major factors driving the market.
Stellar Growth in IoT Monetization Market
The IoT monetization solutions provide efficient operational and economic solutions to the organization on the back of their ability to monitor, analyze and manage revenue generating operations in a cost effective manner. The IoT monetization market is anticipated to witness significant opportunities and is estimated to grow at a CAGR of around 54% over the forecast period i.e. 2019-2027. This growth can be attributed to increase in high speed internet connectivity, along with rise in the adoption of connected devices around the globe.
Marine Gensets Market to See Strong Growth
The marine gensets market is expected to grow at a CAGR of 3.71% from 2016 to 2021, to a reach a market size of $5.40 billion by 2021. Growth in the ship-building industry along with introduction of stringent emission norms for maritime vessels will be the main drivers for growth in the marine gensets market.
Intelligent Completion Market Growing Strong
The intelligent completion market is projected to reach $2.16 billion by 2023, from an estimated $1.61 billion in 2018, at a CAGR of 6.05% from 2018 to 2023. This growth can be attributed to the increasing focus toward the production of oil & gas wells and improved economical and operational benefits across the globe. High initial costs coupled with a lack of data processing infrastructure on the oil & gas rigs can hinder the growth of this market.
In-Car Infotainment Market Sees Steady Growth
According to the latest report In-Car infotainment (ICI) systems refer to assisting the driver with information, entertainment, and communication. Equipped with advanced technology like sensors, GPS, and the internet these systems feature automotive navigation systems, and automatic climate control systems as well. Delivering all this while keeping the passengers ‘safety in mind, these systems perform various tasks for drivers in a hands-free mode.
Virtual Power Plant Market Sees Stellar Growth
The global virtual power plant market is projected to grow at a CAGR of 29.68% from 2016 to 2021, to reach a market size of $709.2 million by 2021. North America is estimated to be the largest market for virtual power plant, followed by Europe in 2016. This trend is expected to continue till 2021. The growth of the virtual power plant market is driven by increasing share of renewable energy in the power generation mix as well as shift from centralized to distributed generation and lowering costs for solar and energy storage.
Exponential Growth in Global Heat Moisture Exchanger Market
Heat moisture exchanger are intended for providing efficient recovery of heat and moisture. These heat moisture exchanger are intended to support minimized resistance to flowing air and produce high moisture to compensate loss of heat and moisture in patients with breathing and other respiratory problems. All heat moisture exchanger have standard tapered ends to assure leak free seal. The provision of warm and humid gas through heat moisture exchanger for patients in the intensive care units have been recognized as necessary and various methods for ensuring this functionality has been taken care by the device manufacturers.
IBM Massive Acquisition of Redhat Ignities High End Freelance Gig Market
IBM closed the Redhat $34 billion dollar buyout about one month ago. Now comes the hard work for the everyday companies that utilize Redhat’s software. Redhat is not only the fastest growing server software, but the largest open source company in the world (they build and support open source products from open source projects). Redhat has millions of computers running on their source code. The big question is can they migrate IBM hardware and software without giving up their open sources leadership? Plus, can Redhat adapt to IBM’s culture and bureaucracies without giving up key personnel?
Tote Bags Market to Grow Significantly
Tote Bags Largely Catering to women are being promoted by the market globally through various innovative ways by providing options to consumers to customize these bags according to their needs which may well be a possible remedy or solution when it comes to packaging goods that are purchased by the consumer. Given the immense potential and the convenience that it provides to consumers, the tote bags are predicted to perform better owing to notable features, such as, their re-usability and cost efficiency. Riding on the back of these factors, the market is expected to grow by significant CAGR over the forecast period i.e. 2017-2024.
Water Softening System Market Driven By Increasing Adoption
According to a new market research report published by Credence Research “Global Water Softening System Market (Type (Salt-based, Salt Free), Application (Residential, Industrial, Commercial) Design (Mono Cylinder, Twin Cylinder, Multi Cylinder)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall water softening system market worldwide is set to grow with a CAGR of more than 7.5% during the forecast period from 2019 to 2027, starting from $2.52 billion in 2018.
Global Interactive Display Market Displays Strong Growth
Global Interactive Display Market is expected to grow from $7.3 billion in 2017 to $14.7 billion by 2025 at a CAGR of 9.1% during the forecast period from 2018-2025. North America is dominating the market as interactive whiteboards are incorporated on a large scale in the Americas in education and government and corporate sector. Also, a significant number of prominent companies offering interactive displays are based in this region.
Building Automation Systems Market Built by Smart Buildings
The global building automation system market grew 7% in 2018 to total ~ $35 billion, registering an upward spiral from ~ $33 billion in 2017, according to the new research study by Future Market Insights (FMI). Schneider Electric SE, ABB, Siemens AG, Johnson Controls Inc., and Honeywell International Inc. remain the top 5 players in the building automation market, commanding nearly 40% of the global market share.
Conveyor System Market Sees Strong Growth
Global Conveyor System Market is expected to grow from $6.2 billion in 2017 to $10.6 billion by 2025 at a CAGR of 6.9% during the forecast period from 2018-2025. Asia Pacific is dominating the market. It is due to the improving economic conditions in developing economies such as China, India, and Thailand. The increasing population in countries such as China and India has boosted the demand for industries such as food & beverage, e-commerce, and automotive, thus fuelling the demand for conveyor systems in these industries.
Marine Engines Market Built by Shipbuilding
The global marine engines market is projected to reach $16.4 billion by 2024 from an estimated $14.0 billion in 2019, at a CAGR of 3.11%. This growth can be attributed to factors such as growth in international marine freight transport, growth in maritime tourism, and penetration of smart engines for situational awareness and safety. Marine engines are the main source of power in ships, and therefore, play a vital role in the shipbuilding industry.
Switchgear Market Growing Strong
The global switchgear market is projected to reach $143.5 billion by 2024 from an estimated $102.6 billion in 2019, at a CAGR of 6.9%. Growing investments in renewable energy and demand for safe and secure electrical distribution systems have increased the demand for switchgears. Additionally, the revival of investments in the construction sector is driving the global market.
Oilfield Services Market Expanding
The oilfield services market is expected to grow at a CAGR of 3.35%, from 2017 to 2022, to reach a market size of $125.51 billion by 2022. Increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions are the major drivers of the oilfield services market.
Shale Gas Boom Driving Gas Turbines Market
The global gas turbines market is expected to grow from an estimated $17.51 billion in 2017 to $20.66 billion by 2022, at a CAGR of 3.36%, from 2017 to 2022. The shale gas boom in North America and decommissioning of nuclear plants in Europe are likely to boost the demand for gas turbines in these regions. The demand for gas turbines in the Middle East & Africa, Latin America, and Asia Pacific is expected to be influenced by the new gas-fired power plants and the upgrade of old existing thermal power plants in the regions.
Global Healthcare Archiving and eDiscovery Market a New Weapon Against Malpractice
The healthcare industry is on the cusp of transformation due to the transition from paper format to digitized ones. The expansion of the global population, as well as the large geriatric populace, are obvious factors bound to usher in the adoption of digital systems. Healthcare archiving includes the capture and storage of data stored on legacy systems to be managed on a modern format.
Offshore Decommissioning Market Doing Well
The offshore decommissioning market is projected to reach $8.76 billion by 2025, growing at a CAGR of 5.05%, from 2017 to 2025. Offshore decommissioning is plugging the oil and gas wells which are matured and are non-productive. Maturing oil and gas fields and aging infrastructure in the North Sea and Gulf of Mexico are driving the offshore decommissioning market. Low crude oil prices are other major driver for this market.
Utility Communication Market Supercharged
The utility communication market is expected to grow at a CAGR of 15.55%, from 2016 to 2021, to reach a market size of $15.45 billion by 2021. Asia-Pacific is estimated to be the largest market for utility communication, followed by North America in 2016. This trend is expected to continue till 2021.
Double Digit Growth in Automotive Cabin Air Quality Sensors Market
Escalating levels of air pollution, deteriorating air quality within automotive, and growing passenger awareness regarding safety, comfort, and overall in-car wellbeing has resulted in accelerated global adoption of automotive cabin air quality sensors. In addition to growing awareness, concerns regarding reduction of CO2 and particulate matters coupled with stringent government regulations are the primary drivers shaping the global automotive cabin air quality sensors market over the forecast period of 2018-2028.
Field Service Management Market Sees Explosive Growth
According to a research report “Field Service Management Market by Component (Solutions, Services), Organization Size, Deployment Type, Industry Vertical (IT and Telecom, Energy and Utilities, Manufacturing, Transportation and Logistics), and Region – Global Forecast to 2024″, published by MarketsandMarkets, The global field service management market size is expected to grow from $2.8 billion in 2019 to $5.9 billion by 2024, at a CAGR of 16.2% during the forecast period.
Sustainable Packaging Market Expanding at a Stellar Rate
The demand within the global market for sustainable packaging has been rising on account of advancements in the field of recycling and material reuse. Sustainable packaging involves the use of packaging materials that can be easily recycled and reused, and cause minimal damage to the environment. This, in turn, results in improved sustainability of the packaging materials and contributed towards environment conservation.
Generator Sales Market Growing Strong
The global generator sales market is expected to grow at a CAGR of 5.60% during the forecast period. It is estimated to be $22.3 in 2019 and is projected to reach $29.3 by 2024. The major factors driving the generator sales market include the growing demand for uninterrupted and reliable power as some of the best power grids are also subject to downtime, growth of healthcare infrastructure, rising demand for IT infrastructure management, and rapid urbanization in developing countries.
Edible Insects Market Remains Positive
Feeding the world’s overflowing human population will continue to exert burden on the planet’s food production capacity. Limited land and adverse weather conditions have confined the global cultivation of crops to such an extent that food manufacturers are conniving strange ways to put forth new edible products. And, consuming insects is one such peculiar mode of meeting the world’s rising food consumption levels.
Smart Baby Monitor Market Highly Favorable to Growth
Smart baby monitor is an electronic device primarily used to track the movements and other activities of the baby. Smart baby monitor market is growing due to innovation in technologies, especially in video and Wi-Fi technology. The market competitiveness of electronic products decreases the price, hence directly act as a driving force for market growth of smart baby monitor.
Is Blockchain Technology A Sign Of A Secure Future?
The Global Blockchain Market is estimated to perform well and is expected expand at a CAGR of around 70% over the forecast period i.e. (2017-2024). The blockchain works on the principle of decentralization and distribution and is popular owing to its ability to record all transactions without the requirement of a financial intermediary, which in some cases may be a bank. The global market is segmented on the lines of type, end user, applications and region
Strong Growth in Volt/VAr Management Market
The volt/VAr management market is projected to grow from an estimated $427 million in 2019 to $568 million by 2024, at a CAGR of 5.9% during the forecast period. The need for efficiency to reduce distribution losses and optimize power factor, the complexity of distributed energy generation, and rising demand for electricity are expected to drive the market for volt/VAr management across the world.
Tryptophan Market Sees Heightened Growth
Tryptophan is an essential amino acid, which is present in high levels in pumpkin seeds. Some other foods that have significant amount of the tryptophan includes meat, crab, eggs, fish, spinach, dates, spirulina, banana, oat, etc.
Attractive Opportunities in the Railway System Market
The Global Railway System Market is estimated to grow at a CAGR of 5.2%, from $26 billion in 2019 to $35.3 billion by 2025.
Explosive Growth in Global Smart Commercial Drone Market
The global market for smart commercial drones is expected to grow at a significant rate during the forecast period owing to various factors such as the increasing integration of the Internet of Things (IoT), AI in drones and the growing use of drones in applications such as agriculture, law enforcement, disaster management, and oil & gas.
Modest Growth in Automotive Fasteners Market
Global Automotive Fasteners Market is Expected to grow at high CAGR of 4.5% during Forecast Period 2019-2023. Automotive fasteners are mechanical components used to connect or join two or more joints and parts in the vehicle. Fasteners are made up of aluminum, nickel, stainless steel, and others. The primary function of automotive fasteners is that of holding vehicle parts together to avoid their separation and prevent leakage from joints. The automotive industry is flooded with a variety of fasteners, specifically for components due to the various shapes, sizes, designs, and qualities.
Gamma Linolenic Acid Market to Witness Rapid Growth
Gamma linolenic acid is a polyunsaturated fatty acid which plays important functions to maintain human health. Gamma linolenic acid is found in a few seed oils such as borage, evening primrose, and blackcurrant. The omega-6 fatty acids are not produced in the body, and thus, are obtained through diet and supplements. The omega-6 fatty acids are required to maintain heart health, mood balance, and insulin utilization.
Smart Elevator Automation System Market to Grow Significantly
Future Market Insights recently published a report titled “Smart Elevator Automation System Market – Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027”.
Gastric Electrical Stimulators Market Expanding
The latest market report published by Credence Research, Inc. “Global Gastric Electrical Stimulators Market – Growth, Future Prospects, Competitive Analysis, 2019- 2027,” the global gastric electrical stimulators market was valued at $108.3 million in 2018, and is expected to reach $192.2 million by 2027, expanding at a CAGR of 6.7% from 2019 to 2027.
Robust Expansion in Thermal Paper Market
The global thermal paper market is predicted to grow at a 4.66% CAGR over the forecast period (2018-2023), reveals the latest Market Research Future (MRFR) report.
In-wheel Motors Market Expecting Healthy Growth
In-wheel Motors Market Size To Expand at a Notable CAGR Of 20% during 2018 – 2023. In-wheel motors are engaged in providing different torques to different wheels resulting in markedly improved handling and stability during high speeds. In-wheel motors help in increasing the overall efficiency of the vehicle by approx. 20% and reducing the overall propulsion system price which is expected to drive the global in-wheel motors market. Furthermore, in-wheel motors are efficient.
Steady Growth in Synchronous Motors Market
The synchronous motors market is expected to grow from an estimated $17.83 billion in 2016 to $21.49 billion by 2021, at a CAGR of 3.8% from 2016 to 2021. High efficiency associated with synchronous motors, power factor correction capabilities, and stringent regulations are driving the synchronous motors market worldwide. High efficiency associated with synchronous motors makes it superior in comparison to induction motors. This has emerged as a major trend in the synchronous motors market.
Diesel Generators Market Energized
The diesel generator, a combination of diesel engine with electrical generator, is a reliable power supply device. It is used for generating electricity to provide continuous power supply during power interruptions. It is mostly used as a standby device during power outages or at places with no connection to a power grid.
Explosive Growth in Global Shipping Software Market
Shipping software is a solution that offers the real time access to all the detailed information of shipments. It gives the on-time status i.e. the track of delivery, delivery status, customer information, etc. The software also makes possible the supply chain players to progress profitability by smart management and thus dropping cost per shipment. Therefore, this solution aids to supply chain department to gain higher profit margin. Growing import export trading industry is also projected to boom the shipping software market over the forecast period.
Significant Growth in Shore Power Market
The global Shore Power Market is projected to reach $2.7 billion by 2024 from an estimated $1.4 billion in 2019, at a CAGR of 13.3% from 2019 to 2024. This growth can be attributed to the reduction of low-frequency noise and emissions at ports, an increasing number of cruise liners in the shipping industry, and installation of retrofit shore power systems.
