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Showing posts from September, 2019

Level Sensor Market worth $5.9 billion by 2025 growing with a CAGR of 5.7%

According to the new research report, " Level Sensor Market by Technology (Contact and Non-contact); monitoring type (Continuous level and Point level); End users (industrial manufacturing, consumer goods and wastewaters) and Geography (North America and APAC) - Global Forecast to 2025" , is expected to grow from USD 4.0 billion in 2018 to USD 5.9 billion by 2025; it is estimated to grow at a CAGR of 5.7% during 2019–2025. Increasing advancement toward smaller, smarter and cheaper sensors; supportive government regulations; rise in vehicle production; increasing advancement of the Industrial Internet of Things (IIoT), and growing adoption of level sensors in the healthcare end-use application are some of the major factors fueling the growth of this market. Based on technology, market for non-contact level sensor is expected to gain largest share of Level Sensor Market by 2025 Market for non-contact level sensors is expected to gain the largest share of the Level S

Eye Tracking Market worth 1,376.5 Million USD by 2023 with a growing CAGR of 27.4%

The report " Eye Tracking Market by Offering, Tracking Type, Application (Assistive Communication, Human Behavior & Market Research, AR/VR, Vehicles), Vertical (Retail, Healthcare, Government, Automotive, Consumer Electronics), and Geography - Global Forecast to 2023" , The eye tracking market, in terms of value, is expected to be valued at USD 1,376.5 Million by 2023, growing at a CAGR of 27.4% between 2017 and 2023. In terms of hardware volume, the market is expected to register a shipment of 756 thousand eye trackers by 2023. The eye-tracking technology is used to track the movement of the eyes to gather information such as the focus and attention span of the humans. This data is analyzed to gain insights into the human behavior, which may be used in retail and automotive sectors. Eye tracking can also be used to interact with computers and through them provide services to patients with communication disabilities in the healthcare sector. There is an increased

Silicon Photonics Market worth 1,988.2 Million USD by 2023 with a growing CAGR of 20.8%

According to the market research report on " Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical and Life Sciences, Sensing), Component, and Geography - Global Forecast to 2023" , the silicon photonics market, the overall market is estimated to be worth USD 774.1 Million in 2018 and is expected to reach USD 1,988.2 Million by 2023, at a CAGR of 20.8% between 2018 and 2023. Rising demand for silicon photonics in data centers, reduction in power consumption with use of silicon photonics based transceivers, and the growing requirement of high bandwidth and high data transfer capabilities are the key factors driving the silicon photonics market. Transceivers to hold major share of silicon photonics market during forecast period Transceivers are used in a variety of applications, such as data center and high-performance computing; telecommunic

Hybrid Valve Market worth $1.4 billion by 2024

According to the new market research report " Hybrid Valve Market by Material (Steel, Tungsten Carbide, Alloy, Titanium, Duplex Nickel), Valve Size, End-Use Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals, and others), and Region - Global Forecast to 2024", the global hybrid valves market size is expected to be worth USD 1.0 billion in 2019 and reach USD 1.4 billion by 2024, at a CAGR of 6.4% from 2019 to 2024. The growth of this market can be attributed to the high demand for hybrid valves from various industries such as oil & gas, energy & power, and water & wastewater, mainly from APAC and North America. Oil & gas industry to hold the largest share of the hybrid valves industry in 2019 The oil & gas industry is likely to account for the largest hybrid valves market share in 2019. The recent uptrend in the oil & gas industry, the enormous demand for energy from the ever-growing population & expansion of

Building Information Modeling Market worth $8.9 billion by 2024

According to MarketsandMarkets, the global building information modeling (BIM) market size is projected to grow from USD 4.9 billion in 2019 to USD 8.9 billion by 2024, at a CAGR of 12.7%. Major factors driving the growth of the BIM market are rising urbanization and infrastructure projects, growing benefits offered by BIM for the AEC industry, and increasing government mandates for BIM adoption. Software type is expected to account for the largest share of the building information modeling (BIM) market between 2019 and 2024. The software type is dominated mainly by architectural design software. BIM allows architects to create digital design simulations to manage all the information associated with an architectural project. It further supports architects throughout the design process to gain more insights to optimize designs for clients. The architectural design can be delivered with improved quality and efficiency. Download PDF Brochure @ https://www.marketsandmarkets.com

Electric Vehicle Charging Stations Market worth 30.41 Billion USD by 2023 with a growing CAGR of 41.8%

According to the new market research report " Electric Vehicle Charging Stations Market by Charging Station (AC Charging Station, DC Charging Station), Installation Type (Residential, Commercial), and Region (North America, Europe, Asia Pacific, and Row) - Global Forecast to 2023" , the electric vehicle charging stations market is expected to grow from USD 5.30 Billion in 2018 to reach USD 30.41 Billion by 2023, at a CAGR of 41.8% between 2018 and 2023. Key factors such as government funding, subsidies, and incentives, growing demand for electric vehicles, growing concern toward environmental pollution, and heavy investment from automakers of EVs are driving the market. DC charging station to hold the largest share of the electric vehicle charging stations market between 2018 and 2023 The ability of DC charging stations to charge an EV in lesser time compared to AC charging stations is the primary driving factor for the high growth rate of former in the market. Al

Haptic Technology Market worth 19.55 Billion USD by 2022 with a growing CAGR of 16.20%

The report " Haptic Technology Market by Component (Actuators, Drivers & Controllers), Feedback (Tactile, Force), Application (Automotive & Transportation, Consumer Electronics, Healthcare, Gaming, Engineering, Education & Research), and Region - Global Forecast to 2022" , The haptic technology market is expected to be valued at USD 19.55 Billion by 2022, at a CAGR of 16.20% between 2016 and 2022. The key drivers contributing to the growth of the market primarily include increasing adoption of haptics in consumer electronic devices such as smartphones and tablets, growing demand for haptics in gaming consoles, and potential market for haptics in medical and automotive sectors. Tactile feedback haptics accounted for the largest market of the haptic technology market in 2015 Tactile feedback haptic technology accounted for the largest market in 2015, driven by its applications in consumer electronic devices such as smartphones and tablets. Almost all the

Multifactor Authentication Market worth $18.5 billion by 2025 with a growing CAGR of 14.9%

The report " Multifactor Authentication Market by Model (Two, Three, Four, and Five Factor), By Application (Banking & Finance, Government, Military & Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2025" , is expected to grow from USD 5.2 billion in 2016 to USD 18.5 billion by 2025, at a CAGR of 14.9% during the forecast period. Factors such as increase in data breaches and cyber–attacks, stringent regulations and the growing pressure of data security compliances, and the growing adoption of BYOD concept among enterprises are driving the growth of the MFA market. Two Factor Authentication to hold the largest share of the MFA market during the forecast period Two-factor authentication (2FA), often referred to as two-step verification, is a security process in which the user provides two authentication factors. Two-factor authentication provides an additional layer of security and makes it harder for attac

Magnetic Refrigeration Market worth 163.7 Million USD by 2023 with a growing CAGR of 108.0%

According to the new research report " Magnetic Refrigeration Market by Product (Refrigeration Systems, Air Conditioning Systems and Heat Pumps), Application (Domestic, Commercial, Transportation and Industrial), and Geography - Global Forecast to 2023" , the magnetic refrigeration market is expected to be valued at USD 163.7 Million by 2023, growing at a CAGR of 108.0% between 2018 and 2023. The growth of this market is mainly driven by factors such as increasing focus on green technology, low maintenance cost, and high energy efficiency. Domestic application expected to witness the highest CAGR between 2018 and 2023 in the magnetic refrigeration market The market for the domestic application is expected to grow at the highest CAGR between 2018 and 2023. The domestic application includes household appliances for personal use, such as refrigerators. Companies such as Camfridge Ltd. (UK) and Astronautics Corporation of America (US) are planning to launch products f

Electron Beam Machining Market worth $212 million by 2024

According to the new market research report, “ Electron Beam Machining Market by Application (Welding, Surface Treatment, and Drilling), Industry (Automotive and Aerospace & Defence), and Geography (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2024”, the electron beam machining market is expected to be valued at USD 181 million in 2019. It is expected to grow USD 212 million by 2024,  at a CAGR of 3.2% from 2019 to 2024. The factors that are driving the growth of the market include the increasing demand for welding in the automotive & aerospace industries and various benefits tendered by electron beam welding technology. “Electron beam welding application expected to grow at the highest CAGR in global electron beam machining market" Electron beam welding is a precision welding technique which is used in various industries such as automotive, aerospace & defense, medical equipment, oil & gas, nuclear, and many instrumentations applicat