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Showing posts from April, 2022

Evolution of the Agriculture Drones Industry - Market Size and Growth rate

The agriculture drones market is expected to grow from USD 1.2 billion in 2020 to USD 5.7 billion by 2025 at a CAGR of 35.9% from 2020 to 2025. One of the major factors driving the growth of this is availability of agriculture drones related software solutions for field survey and data analytics. Recently, the FAA’s Small UAS Rule (Part 107) has made a major impact on how drones can and are being used across industries, including agriculture. Focused on agriculture industry, the rules suggest the ways for the use of drones by farmers and ranchers and define the requirements and provisions to conduct remote sensing operations over farms and ranches. Under this rule, a waiver is allowed for operations beyond the visual line-of-sight (BVLOS). This allows farmers to capture more area in a single deployment, compared to the area taken while flying a drone within line-of-sight. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23709764 The agriculture dro

RFID Market Size and Forecast report by Product Type, Tag Type, Application, and Region

The global RFID market is estimated to be USD 10.7 billion in 2021 and is projected to reach USD 17.4 billion by 2026, at a CAGR of 10.2% during the forecast period. The key factors fueling the growth of this market include growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446 The RFID market has promising growth potential due to several factors, including the growing trend of hybrid RFID solutions, rising adoption of RFID tags for Industry 4.0, IoT, and smart manufacturing and rising need for contact-tracing solutions due to COVID-19. The adoption of remote working practices due to COVID-19 pandemic and growing automotiveand electronics industry in China, J

Semiconductor Bonding Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

According to a research report " Semiconductor Bonding Market by Type (Die Bonder, Wafer Bonder, and Flip Chip Bonder), Application (RF Devices, MEMS and Sensors, LED, 3D NAND and CMOS Image Sensors), Process Type, Technology and Region - Global Forecast to 2026" published by MarketsandMarkets, the global semiconductor bonding market size is projected to grow from USD 887 million in 2021 to USD 1,059 million by 2026; it is expected to grow at a CAGR of 3.6% from 2021 to 2026. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238988744 Notable R&D investments and technological advances have increased the demand for reliable and high-performance miniaturized electronic components, such as microelectromechanical systems (MEMS) and microoptoelectromechanical systems (MOEMS), from high-growth and high-value industries, including aerospace, military, automotive, consumer electronics, and medical. Die bonder equipment are extensively being use

Europe TIC Market Growth, Analysis, Latest Trends and Forecast till 2025

The report " Europe TIC Market by Sourcing type (In-house and Outsourced services), Service type (Testing, Inspection and Certification), Application (Consumer Goods and Retail, Automotive, Aerospace) and Country - Forecast to 2025 " , is projected to grow from USD 50.1 billion in 2020 to USD 60.4 billion in 2025, at a CAGR of 3.8%. The growth can be attributed to the rising demand for certification to ensure safety as the awareness of the consumers are increasing and to ensure product reliability. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106364638 Outsourced Services, by scanning type, is expected to grow at the highest CAGR during the forecast period With the increasing in conformity demands from the governments and to ensure expert TIC services, Outsourced services are expected to increase. Third party TIC service providers ensure accurate results with no biasness. The push toward outsourcing by manufacturing companies, and in speci

Multilayer Ceramic Capacitor Market Growth, Analysis, Latest Trends and Forecast till 2027

The multilayer ceramic capacitor (MLCC) market is expected to grow from USD 14.0 billion in 2022 to USD 26.6 billion by 2027, at a CAGR of 13.8% during the forecast period. Growing demand from automotive industry due to advent of EVsis driving the market for multilayer ceramic capacitor. Increasing adoption in telecommunications end-user industry due to rapid development of 5G technology; and Rising incorporation of MLCCs in smartphones, smart wearables, and other electronic devices further drives the MLCC market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=639 With the advent of compact and lightweight smart devices, component miniaturization is unavoidable in order to achieve a high density of electronic circuitry. In addition,due to restricted space, board space is becoming increasingly important as modern electronic devices gain capability, complexity, and portability. The gadgets must provide good performance while remaining compact.Even when

Photovoltaic Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The report " Photovoltaic Market with COVID-19 Impact, by Component (Modules, Inverters), Material (Silicon, Compounds), Installation Type (Ground Mounted, BIPV), Application (Residential, Commercial & Industrial, Utilities) and Region - Global Forecast to 2025" , size is expected to grow from USD 76.6 billion in 2020 to USD 113.1 billion by 2025, at a CAGR of 8.1%. The supportive government policies and initiatives are expected to fuel the demand for photovoltaic systems. The growing demand for PV system for residential applications is expected to play a vital role in the growth of the photovoltaic industry. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=428 The market is expected to decline in 2020, mainly due to the impact of COVID-19. The photovoltaic supply chain was disrupted in March and April 2020 due to the lockdown imposed by various governments and labor shortages in the PV industry due to travel restrictions, which would a

Multilayer Ceramic Capacitor Market Projected to reach $26.6 billion by 2027

According to a research report  " Multilayer Ceramic Capacitor Market  by Dielectric (Class I (C0G, X8G, U2J), and Class II (X7R, X5R, Y5V, X7S)), Rated Voltage (Low (Up to 50V), Medium (100-630V), and High (1000V & Above)), End User (Electronics, Automotive) - Global Forecast to 2027"  published by MarketsandMarkets, the multilayer ceramic capacitor (MLCC) market is expected to grow from USD 14.0 billion in 2022 to USD 26.6 billion by 2027.; it is expected to grow at a CAGR of 13.8% from 2022 to 2027. Growing demand from the automotive industry due to advent of EVs is driving the market for multilayer ceramic capacitor. Moreover, increasing adoption in telecommunications end-user industry due to rapid development of 5G technology; and rising incorporation of MLCCs in smartphones, smart wearables, and other electronic devices plays a key role in driving the growth of the MLCC market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=639 C

Vertical Farming Market Growth, Analysis, Latest Trends and Forecast till 2026

The growth opportunities for the vertical farming market players include cannabis cultivation through vertical farming and potential market opportunities in Asia Pacific and the Middle East. However, lack of skilled workforce and technical know-how and limited crop range are the factors restraining the market growth. The vertical farming market is primarily dominated by the building-based vertical farms’ segment as leading companies in the market are involved in this type of farming. Building-based vertical farms generate better per sq. ft. revenue than shipping container-based vertical farms, as the former uses lesser capital and incurs lower operating expenses (for the same area). Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221795343 The vertical farming market witnessed a decline in 2020 owing to the spread of COVID-19. The market is seeing a decline due to the closure of multiple SMEs, logistic disruptions, lockdowns, and other problems aris

Home Automation System Market Growing at the Fastest Rate in APAC Region

The report " Home Automation System Market with COVID-19 Impact Analysis, By Management, Product (Lighting Control, Security & Access Control, HVAC Control, Entertainment & Other Controls), Software & Algorithm, and Region - Global Forecast to 2025" , is projected to grow from USD 40.8 billion in 2020 to USD 63.2 billion by 2025; it is expected to grow at a CAGR of 9.1% during the forecast period. Owing to COVID-19, the home automation system market is estimated to face headwinds for 2019–2020. As millennials account for the majority of new home buyers, growing homeownership is one of the major factors driving the adoption of home automation systems. Insurance companies offering attractive discounts to house owners having inbuilt access control and security systems is expected to help consumers to save on house insurance premiums and cover the cost of adopting home security systems for residential applications. The development and implementation of IoT technology

Robotic Welding Market Growing at the Fastest Rate in APAC Region

The report " Robotic Welding Market with COVID-19 Impact Analysis by Type (Spot Welding Robots, Arc Welding Robots), Payload (>150 kilograms, 50-150 kilograms), End user (Automotive and Transportation, Electrical and Electronics), Geography - Global Forecast to 2026" , size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. Ongoing penetration of 5G in industrial manufacturing and principles and the increasing adoption of welding robots in the automotive and transportation industries are among the factors driving the growth of the robotic welding market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248099543 By type, the other segment is projected to witness growth at the highest CAGR during the forecast period Robotic laser welding is an inherently precise and versatile welding approach. It offers accurate, clean, and flexible output products, which requi

Satellite Modem Market Growth, Analysis, Latest Trends and Forecast till 2026

According to the new market research report " Satellite Modem Market with COVID-19 Impact, by Application (Mobile & Backhaul, Offshore Communication, Tracking & Monitoring), End-User Industry (Telecom, Marine, Military), Channel Type, Data Rate, Technology, & Geography - Global Forecast to 2026" published by MarketsandMarkets, the satellite modem market is estimated to grow from USD 403 million in 2021 to reach USD 710 million by 2026; it is expected to grow at a CAGR of 12.0% from 2021 to 2026. A few key factors driving the growth of this market are rising need for enriched high-speed data communication, increase in the number of high-throughput satellites (HTS), and growing demand for satellite communication in internet of things (IoT). Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261298987 High speed data rate satellite modems are expected to hold the largest share of the market during the forecast period. High speed d

Artificial Intelligence in Agriculture Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The report " Artificial Intelligence in Agriculture Market by Technology (Machine Learning, Computer Vision, and Predictive Analytics), Offering (Software, Hardware, AI-as-a-Service, and Services), Application, and Geography - Global Forecast to 2026" , is estimated to be USD 1.0 billion in 2020 and is projected to reach USD 4.0 billion by 2026, at a CAGR of 25.5% between 2020 and 2026. The market growth is driven by the increasing implementation of data generation through sensors and aerial images for crops, increasing crop productivity through deep-learning technology, and government support for the adoption of modern agricultural techniques. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=159957009 By application, drone analytics segment projected to register highest CAGR during forecast period The market for drone analytics is expected to grow at the highest rate due to its extensive use for diagnosing and mapping to evaluate crop he

Substation Automation Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The report " Substation Automation Market with COVID-19 impact analysis by Offering (Hardware, Software, Services), Type (Transmission, Distribution), Installation Type, End-use Industry, Component, Communication, and Region - Global Forecast to 2026" , is estimated to be USD 54.2 billion by 2026 (forecast year) from USD 39.9 billion in 2021 (estimated year), at a CAGR of 6.3% between 2021 to 2026. The growing demand for low-cost and more flexible substation solutions drives the adoption of automated substations in various industries, such as utilities, oil & gas, and railways. Government funding initiatives to replace aging infrastructure also help reduce energy and revenue losses. This, in turn, assists in preventing power outages and blackouts and drives the need to install more automated substations. Moreover, the rising demand for renewable energy projects and the increasing adoption of electric and hybrid vehicles are set to create new growth opportunities for play

Silicon Photonics Market Growing at the Fastest Rate in North America Region

The silicon photonics market is expected to grow from USD 1.1 billion in 2021 to USD 4.6 billion by 2027; it is expected to grow at a CAGR of 26.8 % during the forecast period. The silicon photonics market has been witnessing significant growth over the past years, mainly owing to the increase in demand for high bandwidth and high data transfer capabilities. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116 Impact of COVID-19 on Silicon Photonics Market: The outbreak of COVID-19 has affected the component supply and disrupted manufacturing and global value chains, which is leading to a slowdown in demand and consumer spending. With the outbreak of the COVID-19 pandemic, there has been a spike in internet usage, primarily due to the high acceptance of the work-from-home norm and increased inclination toward television watching and e-learning activities, among many others. However, surging use of digital services has also increased laying off empl

Agriculture Drones Market To Witness the Highest Growth in APAC Region

The agriculture drones market is expected to grow from USD 1.2 billion in 2020 to USD 5.7 billion by 2025 at a CAGR of 35.9% from 2020 to 2025. A few key factors driving the growth of this market are pressure on global food supply due to growing world population and increase in venture funding for the development of agriculture drones. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23709764 Impact of COVID-19 on agriculture drones market The emergence of the COVID-19 pandemic, a deadly respiratory disease that originated in China, has now become a worldwide issue and has also affected the agriculture drones market. Considering the inputs from various industry experts belonging to the various stages of the value chain, such as OEMs, suppliers, end users, and distributors, and the financial releases of various companies in the agricultural drones ecosystem for Q1, 2020, we estimate that the market might witness a decline during 2019–2020. Worldwide

Livestock Monitoring Market Growing at the Fastest Rate in APAC Region

The report " Livestock Monitoring Market by Livestock Type (Cattle, Poultry, Swine, Equine), Application (Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Health Monitoring Management), Offering and Geography - Global Forecast to 2030" , is expected to reach USD 3.7 billion by 2030 from USD 1.6 billion in 2022, at a CAGR of 11.0% during the 2022–2030 period. The rapid growth of the global livestock monitoring market is attributed to the some of the driving factors such as Increasing focus on real-time monitoring and early disease detection, growing adoption of IoT and AI for livestock monitoring, rising demand for meat globally and cost-saving achieved through the adoption of livestock monitoring solutions. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72634532 Hardware segment to account for the largest share of the livestock monitoring market during the forecast period Growing use of hardware devices such

Medical Device Testing Market Growing at the Fastest Rate in APAC Region

The report " Medical Device Testing Market with COVID-19 impact, By Services (Testing, Inspection , Certification), Sourcing , Technology (Active Implant, IVD, Orthopedic & Dental, Opthalmic, Vascular), Class, Testing, & Region- Global Forecast to 2025" , The medical device testing market was valued at USD 9.3 billion in 2020 and is projected to reach USD 11.8 billion by 2025; growing at a CAGR of 4.8% from 2020 to 2025. The medical device testing market is growing due to the increasing need of verification and validation for medical devices. The in-vitro diagnostic (IVD) medical device segment held the largest share of the medical device testing market in 2019, owing to the increasing demand for rapid testing kits and other diagnostics devices across regions. The active implant medical device segment is projected to witness the highest CAGR during the forecast period, owing to the implementation of stringent regulations to ensure that the implantable medical devices

Farm Management Software Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

According to a research report " Farm Management Software Market with Covid-19 Impact Analysis by Application (Precision Farming, Livestock, Aquaculture), Offering (On-cloud, On-premise, Data Analytics Services), Farm Size, Production Planning, and Geography - Global Forecast to 2026" published by MarketsandMarkets, the global farm management software market is estimated to grow from USD 2.1 billion in 2021 to USD 4.2 billion by 2026 at a CAGR of 14.7% during 2021–2026. The growth of the farm management software market is driven by factors such as increasing implementation of cloud computing in real-time farm data management, growing population and subsequent rise in demand for food worldwide, and strengthening of intellectual property rights over agricultural innovations. Government support to encourage the adoption of modern agricultural techniques and focus on monitoring livestock performance and health to increase farm efficiency are also driving the growth of the farm