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Showing posts from May, 2020

Which applications are expected to drive the growth of the Agriculture Drones market in the next 5 years?

Applications such as precision farming and livestock monitoring are expected to drive the growth of the agriculture drones market in next 5 years. The implementation of precision farming has the potential to transform agriculture practices, making traditional agricultural activities more efficient and predictable. Furthermore, the high adoption of drones, which are aerial data collection tools, for agriculture is growing exponentially. 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=23709764 Hardware to hold larger share of agriculture drones market during forecast period Hardware is expected to account for a

Solar Simulator Market Opportunities and Challenges

According to the new market research report " Solar Simulator Market by Dimension (Class AAA, Class ABA, and Class ABB), Light Source (Xenon arc lamp, Metal halide arc lamp, UV lamp), Application (PV cell/module and materials testing, UV testing of materials & products) - Global Forecast to 2022" , the solar simulator market is expected to be valued at USD 8.44 billion by 2022, growing at a CAGR of 6.5% between 2017 and 2022. The growth of this market is mainly driven by factors such as the growing market for photovoltaics and the increasing demand from renewable energy industries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1441693           Class AAA solar simulator expected to lead the solar simulator market between 2017 and 2022 Class AAA is expected to hold the largest size of the solar simulator market by 2022 and is expected to grow at a higher rate during the forecast period. The reason for a high-market share for

What are the drivers and opportunities for the microgird market?

Factors such as rising global demand for clean energy, increasing instances of cyberattacks on energy infrastructure, and increasing adoption of micorgird for rural electrification are fueling the growth of the microgrid market. Moreover, government initiatives to encourage developments of micorgirds is expected to boost the market growth. 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 grow at a higher CAGR during the forecast period

Building Management System Market Expected to reach 19.25 Billion USD by 2023

According to the new market research report on the " Building Management System Market by Software (Facility, Security, Energy, Emergency, Infrastructure Management), Service (Professional, Managed), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023" , the building management system market is expected to be worth USD 19.25 Billion by 2023, growing at a CAGR of 16.71% between 2017 and 2023. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=28089524 Major factors driving the building management system market are the significant cost benefits to the industrial, commercial, and residential users, simplified building operations and maintenance, and increasing demand for energy-efficient and eco-friendly buildings. Facility management software to hold the largest share of the building management system market The facility management software held a major share of the BMS market based on softw

Which are the Major Opportunities in the Automotive Sensors Market?

Automation in automobiles is considered as the ultimate goal for mobility. Automakers and tier 1 suppliers, as well as technology providers (e.g., semiconductor vendors) and smart mobility companies (e.g., ridesharing companies), traditionally not involved in the automotive industry, are all racing to develop and invest in related technologies. Semiconductor vendors are actively developing a wide range of microchips and fusion and system-on-chip devices incorporating artificial intelligence (AI) and machine learning technologies. The automotive sensors market is projected to reach USD 41.9 billion by 2025 from an estimated USD 28.1 billion in 2020, it is expected to grow at a CAGR of 6.9% from 2020 to 2025. Increased global motor vehicle production, rise in demand for vehicle electrification, formulation of stringent government regulations related to emissions, and an increase in consumer demand for safety and comfort in vehicles are the major factors driving the growth of

What are the drivers and opportunities for the fire protection system market?

Factors such as growth in construction industry, increasing human and property loss due to fire breakouts, stringent regulations, and increasing adoption of wireless technology in fire detection are fueling the growth of the fire protection system market. Moreover, increasing awareness of the benefits of increasing adoption of water mist systems is expected to affect market growth. The global fire protection system market size is estimated to reach USD 95.4 billion by 2025 from USD 67.7 billion in 2020, growing at a CAGR of 7.1%. The market growth is fueled by the development of the construction industry, an increase in the loss of human lives & property due to fire breakouts, stringent regulatory compliances, and a rise in the adoption of wireless technology in fire detection systems.   Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1018 “Fire suppression segment to hold the largest size of the fire protection system market from 2020

E-House Market Opportunities and Challenges

According to the new market research report " E-House Market by Type (Fixed E House and Mobile Substation), Application (Industrial (Metals & Mining and Oil & Gas), and Utilities), and Region (Middle East & Africa, Americas, Europe, APAC) - Global Forecast to 2023" , the e-house market is expected to grow from USD 1.09 Billion in 2018 to USD 1.51 Billion by 2023, at a CAGR of 6.75% between 2018 and 2023. E-house is called by many names in the industry; electrical house, prefabricated substation, compact power house, and modular substation are some of them. Factors driving the growth of this market include the cost-effectiveness, flexibility, and easy installation of e house. E-house can be installed in a limited space with just a simple foundation and easily relocated without difficulties. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250930667 Mobile substation expected to hold larger share of e-house market during fo

What are the key drivers for the growth of volumetric video market?

The report " Volumetric Video Market by Volumetric Capture (Hardware (Camera & Processing Unit), Software, and Services), Application (Sports, Events and Entertainment, Medical, Signage, Education & Training), & Content Delivery and Region - Global Forecast to 2025" , is estimated to grow from USD 1.4 billion in 2020 to USD 5.8 billion by 2025, at a CAGR of 32.8% between 2020 and 2025. Increasing applications of volumetric technology in several end-user industries coupled with a surge in demand for enhanced match viewing experience is the major factor driving the growth of the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259585041 “Hardware is the most attractive segment that is gaining attention in the volumetric video industry.” The hardware segment is expected to dominate the global volumetric video market by 2025. The use of 360° (6DOF) cameras for sports, events, and entertainment and medical applicati

Millimeter Wave Technology Market Opportunities and Challenges

The global millimeter wave technology market size is estimated to grow from USD 1.0 billion in 2020 to USD 3.4 billion by 2025, at a CAGR of 26.4%. An increase in broadband and mobile speeds with growing utility and demand is one of the factors driving the growth of the millimeter wave technology market. Millimeter wave, also known as extremely high frequency (EHF) or very high frequency (VHF), is the band of spectrum between 30 GHz and 300 GHz. These waves are named so because their wavelengths range from 1 millimeter to 10 millimeters. Previously, millimeter waves were mainly used for military and satellite communication applications. However, this technology has been gaining traction in the mobile and telecom applications, mainly for the 5G applications, which is expected to drive the market significantly. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=981 In 2019, telecommunication equipment dominated the millimeter wave technology m

What are the trends prevalent in the livestock monitoring market?

According to the new research report, " Livestock Monitoring Market by Offering (Hardware, Software, and Services), Livestock Type (Cattle, Poultry, Swine, Equine), Application (Milk Harvesting, Feeding, Breeding, Behavior Monitoring & Control), Farm Type, Geography - Global Forecast to 2025" is expected to grow from USD 1.5 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 10.9%. The growing focus on livestock monitoring and disease detection, increasing adoption of IoT and AI by dairy farmers, and substantial cost-saving associated with livestock monitoring management are driving the growth of this market. The growing population of cattle with rising dairy farms and growing adoption of livestock monitoring technology in developing countries provide major opportunities for the growth of the livestock monitoring market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72634532 Software component to witness the highest CAGR

Machine Condition Monitoring Market Projected to reach $3.9 billion by 2025

According to the new market research report " Machine Condition Monitoring Market by Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission, MCA), Monitoring Process, Deployment, Offering, Industry, and Region - Global Forecast to 2025" , the global machine condition monitoring market size is estimated to be USD 2.6 billion in 2019 and is projected to reach USD 3.9 billion by 2025, at a CAGR of 7.0%. The machine condition monitoring industry is likely to exhibit lucrative growth potential during the forecast period. The growth of the machine condition monitoring market is expected to be driven by the advent of secure cloud platforms used in condition monitoring, increasing disposition toward predictive maintenance, and high demand from emerging applications. The market also has several opportunities that can be explored by existing and entry-level companies to expand businesses. Download PDF Brochure @ htt

Precision Livestock Farming Market Expected to reach $4.6 billion by 2024

The report " Precision Livestock Farming Market by Technology (Milking Robots, Precision Feeding Systems, Identification & Tracking), Application (Milk Harvesting, Feeding, Health) Offering (Hardware, Software, Services), and Geography - Global Forecast to 2024" , is estimated to be worth USD 3.0 billion in 2019 and is expected to reach USD 4.6 billion by 2024, at a CAGR of 9.2% from 2019 to 2024. The rapid growth of the precision livestock farming market can be attributed to the rising consolidation of livestock farms, increasing herd size of dairy farms, growing adoption of livestock farming robots and livestock monitoring devices, and increasing labor cost owing to shortage of skilled labor. Precision livestock farming technology has the potential to transform the livestock sector, making traditional livestock farming activities more efficient and economical. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29706557 Increa

Satellite Modem Market Opportunities and Challenges

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 to

Key Market Dynamics in Building Information Modeling

The report " Building Information Modeling Market by Type (Software, Services), Application (Buildings, Civil Infrastructure, Industrial, Oil & gas), End-User (AEC, Contractors and Facility Managers), Project Lifecycle, and Region - Global Forecast to 2024" , is projected to grow from USD 4.9 billion in 2019 to USD 8.9 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 12.7%. The rising BIM trends and governments initiatives for the adoption of BIM are the major factors that drive market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95037387 Software to account for the largest share of the building information modeling market Software is expected to lead the building information modeling market, by type. The software is segmented further into architectural design, sustainability, structure, MEP, construction, and facility management. Architecture is expected to dominate the BIM softwa

Industrial Refrigeration System Market Expected to reach $24.8 billion by 2025

The report " Industrial Refrigeration System Market by Component (Compressor, Condenser, Evaporator), Refrigerant Type (Ammonia, CO2), Application (Fruit & Vegetable Processing, Meat & Poultry, Refrigerated Warehouse), and Region - Global Forecast to 2025" , is expected to grow from USD 19.3 billion in 2019 to USD 24.8 billion by 2025, at a CAGR of 4.3%. The growing adoption of natural refrigerant-based systems owing to strict regulatory policies has resulted in the increased demand for industrial refrigeration systems. Other drivers for the industrial refrigeration system market growth include the increasing demand for innovative and compact refrigeration systems and ongoing government support to strengthen the cold chain infrastructure in developing countries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245749288 Compressors to hold largest share of industrial refrigeration system market during forecast period Comp

Position Sensor Market Projected to reach $7.3 billion by 2024

According to the new research report " Position Sensor Market by Type (Linear Sensor and Rotary Sensor), Application (Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment), Contact Type, Output, End-User Industry, and Geography - Global Forecast to 2024" , the global position sensor market is expected to grow from USD 4.7 billion in 2018 to USD 7.3 billion by 2024; it is estimated to grow at a CAGR of 8% during 2019–2024. Increasing focus of manufacturers on accurate measurements and detailed inspection, growing implementation of position sensors in the aviation and aerospace industry, and rising demand for position sensors to be deployed in modern automobiles are the key factors fueling the growth of this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17719728 Linear position sensor type is expected to gain significant share of position sensor market by 2024 The linear position sensor type is expe

Control Valve Market Opportunities and Challenges

According to the new market research report, “ Control Valve Market by Material, Component (Actuators, Valve Body), Valve Size, Valve Type (Rotary and Linear), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals), and Region - Global Forecast to 2025” the control valve market is estimated to grow from USD 8.0 billion in 2019 to USD 11.3 billion by 2025, at a CAGR of 5.9%. Rising demand for energy in APAC, increasing adoption of valves in oil & gas production-related firms in GCC countries, growing need for the connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of existing ones are the key driving factors for the control valve market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111759647 Oil & Gas to account for the largest size of the control valve market from 2019 to 2025 Oil & gas is expected to be

Flexible AC Transmission Systems Market Expected to reach $1.7 billion by 2024

According to the new research report " Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Shunt, Series, and Combined), Generation Type (First Generation and Second Generation), Vertical, Component, Application, Functionality, Geography - Global Forecast to 2024" , The flexible AC transmission systems (FACTS) market size is projected to reach USD 1.7 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 6.0%. Major drivers for the market’s growth are increasing benefits offered by FACTS, growth in transmission line, rising focus on energy generation using renewable sources, and surging demand for STATCOM devices for voltage control. Further, rising investment in transmission networks and potential opportunities in APAC are the opportunities for FACTS manufacturers. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1228 Voltage control application for FACTS to grow at higher CAGR during forecast period Shunt

RFID Market Opportunities and Challenges

According to the new market research report " RFID Market by Product (Tags, Reader, and Software), Wafer Size, Working (Passive, and Active), Frequency( Low, High, Ultra-high), Applications, Form Factor (Button, Card, Electronic Housing, Implants), Label Type, and Region - Global Forecast to 2023" ,the radio-frequency identification (RFID) market is expected to be valued at USD 31.42 Billion by 2023, growing at a CAGR of 7.7% between 2017 and 2023. The factors that are driving the growth of this market are the increasing penetration of RFID in various industries; and evolution of IoT. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446         “RFID market for tags expected to grow at the highest rate during the forecast period” The market for RFID tags is expected to grow at the highest CAGR between 2017 and 2023. Reduction in the costs have led to rise in adoption of RFID tags; demand for the tags will continue to raise competit

Wireless Testing Market Expected to reach $14.4 billion by 2024

The report " Wireless Testing Market by Offering (Equipment, Services), Technology (Bluetooth, 2G/3G, 4G/5G, Wi-Fi), Application (Consumer Electronics, Automotive, IT & Telecommunication, Medical Devices, Aerospace & Defense) and Region - Global Forecast to 2024" , size was valued at USD 10.4 billion in 2019 and is projected to reach USD 14.4 billion by 2024; it is expected to grow at a CAGR of 6.7% during the forecast period. The major driving factors in the wireless testing market are the adoption of advanced manufacturing techniques that require minimum human intervention and maintain quality of products and recent advancements in wireless technologies such as 4G and 5G. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128820153 Wireless testing services market is the fastest-growing market The primary objective of wireless testing services is the assessment of the quality and safety of products to reassure consumers t

Key Market Dynamics in Milking Robots Market

The report " Milking Robots Market by Offering (Hardware, Software, Service), System Type (Single-Stall Unit, Multi-Stall Unit, Automated Milking Rotary), Herd Size (Below 100, Between 100 and 1,000 and Above 1,000), Geography - Global Forecast to 2023" , The milking robots market is expected to grow from USD 1.20 Billion in 2016 to USD 2.48 Billion by 2023, at a CAGR of 11.06% between 2017 and 2023. The rapid growth of the market can be attributed to various factors, such as growing number of dairy farms across the globe, reduced labor cost of dairy farm operations because of low dependence on manual labor, and increased milk yield due to more frequent milking with the help of automatic milking systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170643611 Single-stall unit projected to lead milking robots market by 2023 Among various milking robot systems, the single-stall unit segment is projected to lead the market d