Growth in the concept of robotics and electrical engineering is estimated to spur the demand for courses on mechatronics and robotics. The market is anticipated to gain a CAGR of 15 % in the estimated period.
Mechatronics is an interdisciplinary field of electrical, mechanical, control engineering, and embedded systems. Mechatronics works with applications of modern systems and control methods to practical situations. Some of the typical mechatronics systems include aircraft autopilot, cruise control, and anti-lock braking systems (ABS).
A growing importance for control & monitoring in process industries and the increasing demand for valve automation solutions are driving the growth of the industry. The valve positioners market is expected to grow from $1.7 billion in 2019 to $2.2 billion by 2024, at a compound annual growth rate (CAGR) of 5.3% during the forecast period.
Over the years, the adoption rate of telehealth has gradually increased, mostly in the field of cardiology, radiology, online consultation, which induces significant market growth. The market is also making provisions for the growing startups funding as well as product launches with respect to telehealth services.