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Showing posts from March, 2020

Agriculture Drones Market Expected to reach $4.8 billion by 2024

According to the new market research report  " Agriculture Drones Market  by Offering (Hardware and Software & Services), Application (Precision Farming, Livestock Monitoring, Precision Fish Farming, and Smart Greenhouse), Component, and Geography - Global Forecast to 2024"  the agriculture drones market is expected to grow from USD 1.2 billion by 2019 to USD 4.8 billion by 2024 at a CAGR of 31.4%. A few key factors driving the growth of this market are increase in venture funding for the development of agriculture drones, and availability of software solutions for field survey and data analytics. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2370976 Hardware to hold larger share of agriculture drones market during forecast period Hardware is expected to account for a larger share of the agriculture drones market during the forecast period. Drones can take aerial photos of crops and fields, and as they fly at heights lower

Satellite Modem Market Expected to reach 420.4 Million USD by 2023

The report  " Satellite Modem Market  by Channel Type (SCPC & MCPC), Data Rate (High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore Communication), End User (Telecom, Marine, Oil & Gas), & Geography - Global Forecast to 2023" , The satellite modem market is expected to grow from USD 296.4 Million in 2017 to USD 420.4 Million by 2023, at a CAGR of 6.0% between 2017 and 2023. The major factors driving the growth of the satellite modem market include continuous innovation by satellite modem manufacturers to ensure the growth of the market, rising need for enriched high-speed data communication, and growing demand for satellite communication from various verticals. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261298987 The Multiple Channel Per Carrier (MCPC) modem held the largest size of the satellite modem market in 2016 The larger market share of MCPC modems is attributed t

Equipment Monitoring Market Expected to reach 4.47 Billion USD by 2023

According to the new research report on  " Equipment Monitoring Market  by Monitoring Type (Vibration, Thermal, Motor Current, Alarm, GPS), Monitoring Process (Online, Portable), Deployment Type (On-premise, Cloud), Industry (Oil & Gas, Power, Automotive), and Region - Global Forecast to 2023" , The equipment monitoring market is estimated to grow from USD 3.23 Billion in 2018 to USD 4.47 Billion by 2023, at a CAGR of 6.7% between 2018 and 2023. Factors such as the advancement of wireless technology in equipment monitoring system, reduced cost of IoT component leading to cost-effective equipment monitoring, and adoption of equipment monitoring systems are driving the growth of the equipment monitoring market at present. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=219850011 The vibration monitoring held the largest size of equipment monitoring market in 2017 Vibration monitoring held the largest size, in terms of value, of

Self-Organizing Network Market Expected to reach $6.39 billion by 2023

According to the new research report on the  " Self-Organizing Network Market  by Offering (Software, Service), Network Segment (RAN, Core Network, Backhaul, Wi-Fi), Architecture (C-SON, D-SON, H-SON), Network Technology (2G/3G, 4G/LTE, 5G), and Geography - Global Forecast to 2023" , the market is expected to grow from USD 3.64 billion in 2018 to  USD 6.39 billion by 2023, at a CAGR of 11.9% between 2018 and 2023. The high demand for wireless connectivity, along with the need to manage the growing network complexity with the increasing number of small cells are the major factors contributing to the growth of the SON market. The service segment to hold the largest size of the SON market by 2023 The service segment is expected to dominate the SON market during the forecast period. This is due to the fact that once the software is deployed in a network, it requires only maintenance and updating services. As the lifecycle of any SON software is long, several companies

Microgrid Market Expected to reach $47.4 billion by 2025

The report  " Microgrid Market  by Connectivity (Grid Connected and Off-Grid Connected), Offering (Hardware and Software & Services), End-Use (Commercial & Industrial, Remote, Instituites & Campuses), Grid Type, Pattern, Region - Global Forecast to 2025" , is projected to reach USD 47.4 billion by 2025 from USD 28.6 billion in 2020, at a CAGR of 10.6% between 2020 and 2025. Rising demand for clean energy, increasing instances of cyberattacks on energy infrastructures, growing requirement for reliable & secure global power supply, and rising global deployment of microgrids for rural electrification are key factors driving the market growth. Furthermore, the expansion of renewable energy capacity of countries in APAC and government initiatives to encourage the development of microgrids are the opportunities for microgrid developers. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917 Grid-connected microgrid segment to g

Volumetric Video Market Opportunities and Challenges

The global volumetric video market size is estimated to grow from USD 1.4 billion in 2020 and projected to reach USD 5.8 billion by 2025; it is expected to grow at a CAGR of 32.8% from 2020 to 2025. The most significant factor driving the growth of this market is the proliferation of content delivery devices such as AR/VR HMDs is driving the demand for 3D content. With the increasing popularity of technologies such as AR/VR/MR in both headsets and smartphones, there have been significant developments in the volumetric video format space. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259585041 The initial capital investment required for acquiring a volumetric capture solution is high. The technology is expensive due to the high cost of cameras, processors, and specialized digital imaging devices. The high computational cost of processing holograms and volumetric video also limit the number of applications of this technology. To cater to

Key Emerging Trends in Magnetic Separator

The global magnetic separator market is estimated to grow from USD 725 million in 2020 to USD 928 million by 2025, at a CAGR of 5.1%. The implementation of stringent rules and regulations pertaining to quality in the food & beverage industry is one of the key factors driving the growth of the magnetic separator market. Expansion and urbanization in developing countries also act as the major drivers for the growth of the magnetic separator market. Technological advancements in magnetic separation technology and the waste management sector are expected to propel the demand for magnetic separators during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68968178 The advent of superconducting magnet technology has greatly extended the potential range of applications of magnetic separators. Permanent magnet-based separators are still widely used in a variety of industries and are very effective at their intended purpose. How

Crawler Camera System Market Opportunities and Challenges

The crawler camera system market is projected to reach USD 353 million by 2025 from USD 145 million in 2019; it is projected to grow at a CAGR of 14.5% during the forecast period. The major drivers for the market’s growth are the rising demand from residential and municipal applications, increasing government mandates and regulations for pipeline assessment, growing demand for advanced inspection systems for underwater operations, and growing demand for sewer inspection. The introduction of magnetic crawlers will create growth opportunities for crawler camera system manufacturers. The major restraint for the market is the faster battery drainage of crawler camera systems. The time involved in the data analytics process in crawler camera systems poses a major challenge for this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191720025 Pipeline inspection using crawler camera systems is a speedy and cost-effective method for various ind

Test and Measurement Equipment Market Opportunities and Challenges

The report " Test and Measurement Equipment Market by Product (General Purpose Test Equipment, Mechanical Test Equipment), Service Type (Calibration Services, Repair Services/After Sales Services), End–Use Sector, and Geography – Global Forecast to 2024" The overall test and measurement equipment market is expected to grow from USD 25.7 billion in 2018 to USD 32.3 billion by 2024, at a CAGR of 3.90% during the forecast period. The market is growing due to the increasing demand for this equipment in end-use sectors, such as automotive & transportation, aerospace & defense, IT & telecommunications, education & government, semiconductor & electronics, industrial, and healthcare. The test and measurement equipment market is expected to grow at the highest CAGR in the healthcare sector during the forecast period. There is significant potential for growth of the test and measurement equipment market in this sector due to the development of new healthcare equ

Refrigeration Monitoring Market worth $11.1 billion by 2025

According to the research report, " Refrigeration Monitoring Market by Offering (Hardware, Software, and Service), Sensor (temperature, defrost, touch, liquid level, gas detector, contact, motion detector, pressure), Application, Industry, and Region - Global Forecast to 2025" is projected to grow from USD 7.4 billion in 2020 to USD 11.1 billion by 2025; it is expected to grow at a CAGR of 8.3% from 2020 to 2025. Key factors fueling the growth of this market are changing consumption patterns, shifting consumer preference for organic food products, increasing demand for high-quality packed food products, growing demand for temperature-sensitive drugs, high disposable income, and the need to reduce food wastage. Hardware accounted for largest share of refrigeration monitoring market in 2019 In 2019, hardware captured the largest share of the refrigeration monitoring market. The hardware segment includes various sensors such as temperature sensors, defrost sensors, t

NVH Testing Market Opportunities and Challenges

Noise, vibration, and harshness (NVH) testing refer to the application of several testing hardware, software, and systems for analyzing and reducing unwanted noise, vibration, and harshness of a mechanical system. Noise is a natural consequence that occurs due to various factors such as transportation, industrial activities, construction activities, cultural, sporting, and leisure activities. Vibration is an oscillation that causes noise and disturbance. The vibrations are caused due to physical effects such as a disruption in electrical systems and failure or breakdown of mechanical systems. Harshness is used to describe the severity and discomfort associated with both vibration and noise. NVH has a harmful impact on human health; hence, government agencies across the world are addressing this issue by reducing the noise levels at the source. The NVH testing market is estimated to be valued at USD 2.21 billion by 2023, at a CAGR of 4.2% between 2017 and 2023. Key players in th

Level Sensors Market Opportunities and Challenges

Level sensors are used to detect and measure the level of liquids, bulk solids, and other fluids in various industrial applications. These sensors are specifically used to observe and control levels of a particular free-flowing substance within a specified space. The level measurement can use either contact technology or noncontact technology. The overall analysis of the level sensor market consists of evaluating various technologies, monitoring types, end-use applications, and regions. The level sensor market was valued at USD 3.58 billion in 2016 and is expected to reach USD 5.32 billion by 2023, growing at a CAGR of 5.66% between 2017 and 2023. Some of the major driving factors for the growth of the level sensors are market supportive government regulations, rise in vehicle production, and increasing advancement of the Industrial Internet of Things (IIoT).   Moreover, the market is further driven by the development of smaller, smarter, and cheaper sensors, and the growing ad

Land Mobile Radio Market Expected to reach 20.82 Billion USD by 2022

According to the new market research report " Land Mobile Radio Market by Type (Hand Portable, and In-Vehicle), Technology (Analog, and Digital), Frequency (25-174 MHz, 200-512 MHz, 700 MHZ & above), Application (Commercial, and Public Safety), and Geography - Global Forecast to 2022" , the Land Mobile Radio (LMR) market is expected to be valued at USD 20.82 Billion by 2022, growing at a CAGR of 14.3% between 2016 and 2022. Demand for inexpensive and reliable land mobile radios, growing significance of efficient critical communication operations, application of land mobile radios in diverse industries, and transition of communication devices from analog to digital are some of the factors driving the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27811764 “Digital technology expected to grow at a high rate during the forecast period” The market for digital land mobile radio devices is expected to grow at a high CAGR

Eye Tracking Market Opportunities and Challenges

According to the new market research report " Eye Tracking Market by Offering (Hardware, Software, and Services), Tracking Type (Remote and Mobile), Application (Assistive Communication, Human Behavior & Market Research,), Vertical, and Geography - Global Forecast to 2025" , the eye tracking market is expected to grow from USD 560 million in 2020 to USD 1,786 million by 2025; it is expected to grow at a CAGR of 26.1% from 2020 to 2025. The high demand for eye trackers in the healthcare vertical, especially for the assistive communication application is one of the key driving factors for the eye tracking market. The increasing penetration of eye tracking technology in the consumer electronics vertical, and high demand for eye trackers for personalized advertisements and consumer research purposes are a few other key factors having a positive impact on the growth of the eye tracking market. Remote eye tracking segment to hold largest share of eye tracking market,