PRESS RELEASES

The Global Automotive Communication Technology Market is estimated to reach USD 16.1 Billion in 2024 at a CAGR of 17.8 %. Growing demand for automotive electronics and supportive government regulations for reduction in automotive emission and improvement in vehicle safety is expected to drive the automotive communication technology market during the forecast period.

January 2020

The global Blockchain in Telecom Market is estimated to reach USD 1.6 Billion in 2024 at a CAGR of 82.6%. Increasing visibility, transparency, and security, adoption of a horizontal blockchain platform, rising in the adoption of content security policy (CSP), and growing demand for digitization expected to drive the blockchain in telecom market. However, data storage limitation act as a restrain to the market during the forecast period.

January 2020

The Global electric commercial vehicle market is estimated to reach 1,477 (Thousand) Units in 2024 at a CAGR of 33.8 %. Growing need for emission-free commercial vehicles and supportive government subsidies is expected to drive the electric commercial vehicle market during the forecast period. However, high initial investments are expected to restrain the market during the forecast period.

January 2020

The global blockchain in insurance market is estimated to reach USD 1.7 Billion in 2024 at a CAGR of 78.7%. Increasing transparency and security, increasing the efficiency and accuracy for billing and settlement processes, and rising in the adoption of supply chain market expected to drive the blockchain in insurance market. However, limited scalability for public act as a restrain to the market during the forecast period.

January 2020

The Global truck platooning market is estimated to reach USD 3.3 Billion in 2024 at a CAGR of 39.8%. Increasing need for fuel consumption, growing need for reducing CO2 emissions, and increase in road safety are some of the factors which are expected to drive the truck platooning market during the forecast period.

December 2019

The global blockchain in retail market is estimated to reach USD 2.1 Billion in 2024 at a CAGR of 86.6%. Growing digitalization with customer support and rising flexible to run on any cloud expected to drive the blockchain in retail market. However, data security issues act as a restrain to the market during the forecast period growing perfectly encrypted anti-theft storage is identified as an opportunity for blockchain in retail market.

December 2019

The Global automotive wheel market is estimated to reach USD 25.2 Billion in 2024 at a CAGR of 4.1%. Increasing demand of light weight wheels, demand for aluminum material in automotive industry and increasing vehicle sales in immerging economies is expected to drive the automotive wheel market during the forecast period.

December 2019

The Global Military Communication Market is estimated to reach USD 30.3 Billion in 2024 at a CAGR of 3.18%. Increasing IED detecting capabilities reducing human risk, growing efficiency of thermal control vests and cryocooler technology, continuously improvements in construction and cost reduction, and rising technology for detection, tracking and defeat of drones are expected to drive the military communication market during next five years. However, limited mobile broadband services on a global basis act as a restrain to the market during the forecast period.

December 2019

The Global Articulated Robot market is estimated to reach USD 25.6 Billion by 2024 at a CAGR of 15.8%. Adoption of Industrial Internet of Things (IIOT) technology is expected to drive the articulated robot market during the forecast period.

December 2019

The Global perimeter intrusion detection system market is estimated to reach USD 24.1 Billion in 2024 at a CAGR of 15.6 %. Increase in protecting critical infrastructure and growth in government regulations to improve reduction in illegal immigration and terrorism is expected to drive the perimeter intrusion detection system market during the forecast period.

December 2019

The Global 360 Degree Camera Market is estimated to reach USD 1.7 Billion by 2024 at a CAGR of  28 %. Increasing need for safety and security in public places, growth in virtual reality (VR) audience and increasing demand for virtual reality headset is expected to drive the 360 degree camera market during the forecast period.

December 2019

The global UV Stabilizer market is estimated to reach USD 1.75 billion in 2024 at a CAGR of 6.7%. The factors responsible for the growth of the UV Stabilizer market include the demand increasing in Asia Pacific region and by building Infrastructure. However, there are certain restraint that has been face by the market are high production cost and volatility in price of raw materials.

December 2019

The global blockchain supply chain market is estimated to reach USD 4.1 Billion in 2024 at a CAGR of 81.2%. Increasing customer demand for traceability and increasing demand for secure trail is expected to drive the blockchain supply chain market during the forecast period. 

December 2019

The global digital process automation market is estimated to reach USD 13.8 billion in 2024 at a CAGR of 13.5%. Increasing using exponential technologies, advancing in demand for robotic process automation and boost efficiency and quality by reducing manual processes are expected to drive the digital process automationmarket. However, data security act as a restrain to the market during the forecast period.

December 2019

The global aircraft flight control system market is estimated to reach USD 14.4 Billion in 2024 at a CAGR of 4.1%. Evolving airline businesses and increasing customer expenditure on services is expected to drive the aircraft flight control system market during the forecast period.

December 2019

The global IoT sensor market is estimated to reach USD 30.4 billion in 2024 at a CAGR of 27.6%. Rising in performance and effective quality, growing in demand of drones, advancing in demand for augmented reality & virtual reality, low current consumption & maximum battery life with fast response are expected to drive the IoT sensor market. However, limited security & privacy act as a restrain to the market during the forecast period.

December 2019

The global aircraft lightning protection market is estimated to reach USD 5.6 Billion in 2024 at a CAGR of 6.2%. Rising amount of new aircraft orders and digitalization over glass cockpit are expected to drive the aircraft lightning protection market. However, delayed delivery of new aircrafts act as a restrain the market during the forecast period.

December 2019

The global lighting control system market is estimated to reach 40.6 USD Billion in 2024 at a CAGR of 16.0%. Inclination towards energy saving alternatives and emergence of internet of things (IoT) is expected to boost the lighting control system market during the forecast period.

December 2019

The global power electronics market is estimated to reach USD 50.3 Billion in 2024 at a CAGR of 5.6%. Expanding automation and digitalization in industries and inclination towards renewable energy sources is expected to drive the power electronics market during the forecast period.

December 2019

The Global booster compressor market is estimated to reach USD 2.6 Billion in 2024 at a CAGR of  5 %. Low investment cost involved in booster and optimal efficiency and lower energy consumption is expected to drive the booster compressor market during the forecast period.

December 2019

The Global Advanced Gear Shifter System market is estimated to reach USD 17.1 Billion in 2024 at a CAGR of 6.9%. Increase use of X-By-Wire technology, ease and comfort while driving and advantage of accurate and quick responding gear actuation is expected to drive the advanced gear shifter system market during the forecast period.

December 2019

The Global automotive glass Market is estimated to reach USD 22.4 Billion in 2024 at a CAGR of 6.05%. Increasing use of sunroof glass in luxury vehicles, rising in demand in size of windshield and side windows, and growing in technological advancement for enhanced safety are expected to drive the automotive glass Market. However, polycarbonate glazing used as an alternative act as a restrain to the market during the forecast period.

December 2019

The global oil & gas drilling tools market is estimated to reach USD 2.23 Billion in 2024 at a CAGR of 4.7%. Increase in shale gas exploration and increasing technological capabilities of drillers is expected to drive the oil & gas drilling tools market during the forecast period. However, high maintenance cost , highly volatile oil prices, and stringent government regulations against offshore drilling activities is expected to restrain the market during the forecast period. Development of deepwater oil and gas fields is expected to become an opportunity for oil & gas drilling tools market.

November 2019

The global electric vehicle market is estimated to reach USD 477.3 billion in 2024 at a CAGR of 22.8%. Taxation benefit on electric car loans and supportive government subsides are expected to drive the electric vehicle market during the forecast period. However, increasing focus on sustanability is expected to become an opportunity for electric vehicle market.

November 2019

The global biometric system market is estimated to reach USD 66.4 Billion in 2024 at a CAGR of 15.6%. Increasing adoption of creating biometric identities of citizens is expected to drive the biometric system market during the forecast period. However, high implementation and maintenance cost is expected to restrain the market during the forecast period. Ear shape thermography based biometric system is expected to become an opportunity for biometric system market.

November 2019

The global smart card market is estimated to reach USD 21.8 Billion in 2024 at a CAGR of 9.8%. Increasing emphasis on promoting cashless economy,increasing adoption of e-passport and e-visa services and rising demand in BFSI sector is expected to drive the smart card market during the forecast period. However, High cost and uncertainty of overseas transaction is expected to restrain the market during the forecast period. Launching of EMV card with fingerprint biometrics opportunity for smart card market.

November 2019

The global Aircraft Gearbox market is estimated to reach USD 4.9 Billion in 2024 at a CAGR of 4.2%. Increase demand of new aircrafts and increase in demand for lightweight aircraft Components is expected to drive the aircraft gearbox market during the forecast period. However, Engine limitations at high altitudes is expected to restrain the market during the forecast period. Increased investments in research and development of open rotor engine configuration, investments in the area of geared turbofan engine is growing and demand in fuel efficient and more environmentally friendly vehicles is expected to become an opportunity for aircraft gearbox market.

November 2019

The Global Pressure Switch Market is estimated to reach USD 2.48 Billion in 2024 at a CAGR of 4.2%. Continous growth in the medical field coupled increasing usage in industrial machinery. However, customized process indicators and controllers are expected to restrain the market during the forecast period. Growing demand in MSME industry and increasing demand aerospace applications is identified as an opportunity for Pressure Switch Market.

November 2019

The global advanced driver assistance systems (ADAS) market is estimated to reach USD 122.91 Billion in 2024 at a CAGR of 19.9%. Increase demand while comfort for driving, high demand for safety features and government regulations regarding safety systems is expected to drive the ADAS market during the forecast period. However, Expensive and availability limited to premium vehicles is expected to restrain the market during the forecast period. Demand in driving reliability & innovation in automotive safety and demand of autonomous vehicle is expected to become an opportunity for ADAS market.

November 2019

The global drone sensors market is estimated to reach USD 987.5 Million in 2024 at a CAGR of 23.6%. Increasing need for high resolution imaging for navigation and mapping and rising advancement in drones are expected to drive the drone sensors market during the forecast period. However, lack of awareness regarding drone systems is expected to restrain the market during the forecast period. Drones for fully autonomous loading and offloading of the shipment is expected to become an opportunity for drone sensors market during the forecast period. 

November 2019

The global satellite communication equipment market is estimated to reach USD 32.6 Billion in 2024 at a CAGR of 6.7%. Growing demand of uninterrupted broadcasting and increasing adoption of IoT (Internet of Things) is expected to drive the satellite communication equipment market during the forecast period. However, high deployment cost is expected to restrain the market during the forecast period. New service demands in civilian and defense-related markets is expected to become an opportunity for satellite communication equipment market.

November 2019

The global 3D printing market is estimated to reach USD 39.5 Billion in 2024 at a CAGR of 24.6%. Growing use of 3D printing in automotive industry and rising demand for prototyping and mass customization are expected to drive the 3D printing market during the forecast period. However, high initial investment and required maintenance expertise is expected to restrain the market during the forecast period. Use of 3D printing in aerospace industry is expected to become an opportunity for 3D printing market during the forecast period.  

November 2019

The global smart electric meter market is estimated to reach USD 16.8 Billion in 2024 at a CAGR of 6.1%. Increasing adoption of smart grid growing and customer centric approach of the energy sector is expected to drive the smart electric meter market during the forecast period. However, high initial investment is expected to restrain the market during the forecast period. Internet of Things (IoT) enabled smart grid is expected to become an opportunity for smart electric meter market.

November 2019

The Global automotive air purifier Market is estimated to reach USD 2.02 Billion in 2024 at a CAGR of 16.2%. Increaseing the quality of air, affordable and powerful ability to get rid the odor & bacteria, and increaseing the demand for fresh and toxin free compartment are expected to drive the market during the forecast period. However, high level of maintance is expected to restrain the market during the forecast period.

November 2019

The global unmanned aerial vehicles (UAV) market is estimated to reach USD 36.2 Billion in 2024 at a CAGR of 14.69%. Increase use of UAVs in commercial & civil application, Preference of UAVs in critical military missions, and increased usage in search and rescue operation and less expensive as compared to manned aircrafts is expected to drive the UAV market during the forecast period.

November 2019

The global lithium ion battery anode material market is estimated to reach USD 9.0 Billion in 2024 at a CAGR of 9.5%. Growing usage of portable devices and electric vehicle is expected to drive the lithium ion battery anode material market during the forecast period.

November 2019

The global lithium-ion battery market is estimated to reach USD 76.80 Billion in 2024 at a CAGR of 15.4%. Increasing adoption of electric vehicles, and growing demand for consumer electronic and portable devices are expected to drive the lithium ion battery market during the forcasting period. Requirement of protection. Safety issues related to transporation and storage of batteries is expected to restrain the market during the forecast period.

November 2019

The global submarine power cables market is estimated to reach USD 19.57 Billion in 2024 at a CAGR of 12.7%. Increasing adoption of offshore wind farms, growing demand for renewable grid connections, and expanding offshore oil and gas platforms are expected to drive the market during the forecast period. However, authorization process of the project and initial installation cost of the product is expected to restrain the market during the forecast period.

November 2019

The global smart factory market is estimated to reach USD 267.1 Billion in 2024 at a CAGR of 8.9%. Increasing adoption of wireless and sensor technologies, growing adoption of industrial robots, and increase complexity in supply chain management is expected to drive the smart factory market during the forecast period. However, high initial capital investment and risk associated with data loss and cyber security is expected to restrain the market during the forecast period. 3D printing technology is expected to become an opportunity for smart factory market.

November 2019

The global PEX/XLPE (Cross-linked Polyethylene) market is estimated to grow from USD 6.2 Billion in 2019 to USD 8.1 Billion in 2024 at a CAGR of 5.4%. The factors responsible for the growth of the PEX/XLPE market include Excellent properties as compared to ordinary PE and Resists corrosion and performs well under a wide range of temperatures. Other supportive factors include Cost effective option as compare to copper tubes in plumbing application. The market is expected to register a considerable growth rate during the forecast period.

October 2019

The global Thermoplastic Elastomer market is estimated to grow from USD 21.7 Billion in 2019 to USD 27.8 Billion in 2024 at a CAGR of 5.1%. The factors responsible for the growth of the Thermoplastic Elastomer market include Increasing demand for lightweight, high performance materials from the automotive industry. Other supportive factors include replacement of thermoplastics and standard elastomers by TPE due to improved properties. The market is expected to register a considerable growth rate during the forecast period.

September 2019

The global fleet management market is estimated to grow from USD 15.9 Billion in 2019 to USD 32.5 Billion in 2024 at a CAGR of 15.4%. The factors responsible for the growth of the fleet management market include increasing focus on operational efficiency and supportive governmental regulations. Other supportive factors include significant growth in fleet management solutions owing to declining IoT connectivity costs and increasing emphasis on cloud computing and data analytics. The market is expected to register a healthy growth rate during the forecast period.

September 2019