PRESS RELEASES

ARTIFICIAL INTELLIGENCE IN SUPPLY CHAIN MARKET TO REACH USD 4.8 BILLION BY 2027 | CAGR 41.6% – FORENCIS RESEARCH

The Global Artificial Intelligence in Supply Chain Market is estimated to reach USD 4.8 Billion in 2024 at a CAGR of 41.6%. Growing volumes of data in supply chain and adoption of AI to optimize supply chain is expected to drive the artificial intelligence in supply chain market during the forecast period. However, high initial capital cost is expected to restrain the market during the forecast period. Automate processes with AI is expected to become an opportunity for artificial intelligence in supply chain market.

January, 2020

PACKAGING PRINTING MARKET TO REACH USD 526.9 BILLION BY 2024 | CAGR 5.2% – FORENCIS RESEARCH

The Global Packaging Printing Market is estimated to reach USD 526.9 Billion in 2024 at a CAGR of 5.2%. The packaging printing market is growing on the grounds of rising popularity of the online shopping among the potential population along with the escalating demand for more attractive printing options from various end-users. In addition to this, ongoing developments for better packaging solution is projected to propel the market growth. On the flip side, strict mandates imposed by the regulatory authorities especially for food packaging printing is likely to impact the market growth negatively.

January, 2020

INERT GAS GENERATOR SYSTEM MARKET TO REACH USD 110.4 BILLION BY 2024 | CAGR 18.8% – FORENCIS RESEARCH

The Global Inert Gas Generator System Market is estimated to reach USD 110.4 Billion in 2024 at a CAGR of 18.8%. Obligation to install system by regulatory authorities is expected to drive the inert gas generator system market during the forecast period. However, requirement of continuous inspection, testing processes, and maintenance services is expected to restrain the market during the forecast period. Increasing adoption in various industries is expected to become an opportunity for Inert Gas Generator System market.

January, 2020

PAINTS AND COATINGS MARKET TO REACH USD 249.6 BILLION BY 2024 | CAGR 4.4% – FORENCIS RESEARCH

The Global Paints and Coatings Market is estimated to reach USD 249.6 Billion in 2024 at a CAGR of 4.4%. The paints and coating market is experiencing robust growth owing to the rising construction activities and increasing production and sales of the automotive vehicles. With the growing global economy, higher spending is allocated for the construction of the residential and non-residential infrastructure, which is further pushing the market growth uphill. However, fluctuating oil and other raw material prices is likely to hinder the growth of this market.

January, 2020

AIRCRAFT FIRE PROTECTION SYSTEM MARKET TO REACH USD 1.04 BILLION BY 2024 | CAGR 4.6% – FORENCIS RESEARCH

The global aircraft fire protection system market is estimated to reach USD 1.04 Billion in 2024 at a CAGR of 4.6%. Supportive aviation regulations for fire and cabin safety program and increasing demand of new generation aircraft is expected to drive the aircraft fire protection system market during the forecast period. However, high installation cost of sensors, alarm, and various automated systems are expected to restrain the market during the forecast period. Innovations in additive manufacturing technology and development of aircraft fire protection systems are expected to create some opportunities for aircraft fire protection system market.

January, 2020

AIRCRAFT PUMP MARKET TO REACH USD 5.8 BILLION BY 2024 | CAGR 6.6% – FORENCIS RESEARCH

The Global Aircraft Pump Market is estimated to reach USD 5.8 Billion in 2024 at a CAGR of 6.6%. Rising demand for ejector pumps and increasing demand for aircraft piston pump expected to drive the market during next five years. However, high maintenance cost act as a restraining factor for this market during the forecast period. Highly adoption of unmanned aerial vehicles (UAVs) and growing demand for fluid power technology is identified as an opportunity for this market.

January, 2020

MILITARY LIGHTING MARKET TO REACH USD 698.8 MILLION BY 2024 | CAGR 5.8% – FORENCIS RESEARCH

The Global Military lighting Market is estimated to reach USD 693.8 Million in 2024 at a CAGR of 5.8%. The growing demand for more efficient lighting solution, higher demand for dimming lighting, and increasing demand for aircrafts from the emerging and developed nations are expected to fuel the market growth during the forecast period. Moreover, ongoing demand for the cost effective LED lights is further pushing the growth of this market higher. On the contrary side, the higher cost of installation associated with the military lightings is likely to hinder the market growth.

January, 2020

AUGMENTED REALITY IN RETAIL MARKET TO REACH USD 8 BILLION BY 2024 | CAGR 46.4% – FORENCIS RESEARCH

The Global Augmented reality in retail Market is estimated to reach USD 8.0 Billion in 2024 at a CAGR of 46.4%. Increasing adoption of smartphones and increasing emphesis on technological advancements are expected to drive the augmented reality in retail market during the forecast period. however, complex and expensive process is expected to restrain the market during next five years. Major investments in augmented reality is expected to become an opportunity for augmented reality in retail market.

January, 2020

SERVERLESS ARCHITECTURE MARKET TO REACH USD 16.4 BILLION BY 2024 | CAGR 27.7% – FORENCIS RESEARCH

The global serverless architecture market is estimated to reach USD 16.4 Billion in 2024 at a CAGR of 27.7%. Rising demand for cloud technology, advancing fault tolerance technology, increasing performance for financial services expected to drive the in this market. However, error detection issues act as a restrain to the market during the forecast period. Increasing demand for software architecture and highly adoption for micro-services is identified as an opportunity in this market.

January, 2020

AUTOMOTIVE AIRBAGS & SEATBELTS MARKET TO REACH USD 116.6 BILLION BY 2024 | CAGR 12.2% – FORENCIS RESEARCH

The Global Automotive Airbags & Seatbelts Market is estimated to reach USD 116.6 Billion in 2024 at a CAGR of 12.2 %. Rising awareness towards safety & security, strict government regulations regarding vehicle safety, and increasing number of vehicles in emerging regions is expected to drive this market during the forecast period. However, rise in advancement of active safety systems are expected to restrain the market during the forecast period. Growing demand for electric vehicles and development in the latest automated manufacturing equipment is expected to become an opportunity for automotive airbags & seatbelts market.

January, 2020

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