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Showing posts from November, 2022

With 24.5 % CAGR, Eye Tracking Market Growth to Surpass USD 1,098 million

Eye Tracking Market is expected to grow from USD 368 million in 2020 to USD 1,098 million by 2025; it is expected to grow at a CAGR of 24.5% 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144268378 Market for mobile eye tracking to grow at highest CAGR during forecast period The market for mobile eye tracking is expected to grow at a higher CAGR during the forecast period. Mobile eye tracking provides more degree of freedom for the subject, which entails more natural head an

With 13.8% CAGR, Multilayer Ceramic Capacitor Market Growth to Surpass USD 26.6 billion

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. The Class I dielectric type segment is expected to dominate the high rated voltage MLCC market from 2022 to 2027 The Class I dielectric type segment is expected to dominate the high rated voltage MLCC market throughout the forecast period. It is further expected to grow at a higher CAGR during the forecast period. C0G, a Class I dielectric type MLCC, is widely used in high-rated voltage applications as these MLCCs r

Testing, Inspection and Certification (TIC) Market Opportunities and Challenges

The   Testing, inspection, and certification (TIC) market   is projected to reach USD 268.9 billion by 2027 from USD 221.4 billion in 2022; it is expected to grow at a CAGR of 4.0% from 2022 to 2027. Testing, inspection, and certification services help producers improve productivity, meet global standards, and enhance product and service quality. These services (i.e., testing; inspection; verification; validation; certification; auditing; consulting; technical assistance and training; environmental quality, safety, health; asset integrity management; and project management services) can be adopted for any product, service, or process, irrespective of the sector in which the company operates. The demand for quality products has increased remarkably, reinforcing the need to assure that the manufactured products meet the national and international safety- and quality-related regulations. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5352498 In service ty

With 12.5% CAGR, Building Information Modeling Market Growth to Surpass USD 10.7 billion

The building information modeling market was valued at USD 5.4 billion in 2020 and is projected to reach USD 10.7 billion by 2026. It is expected to grow at a CAGR of 12.5% during the forecast period.   Rising adoption of remote working due to COVID-19, rapid rise in urbanization globally, wide-ranging benefits of BIM realized by AEC industry, and growing government initiatives for adoption of BIM are contributing to the growth of the building information modeling market. Rising trend of IoT in construction sector, increasing trend of BIM, and growing focus of organizations on introducing new standards such as ISO 19650 in BIM market act as a growth opportunity for the market players. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95037387 Services segment is expected to grow with highest CAGR during forecast period The services segment is expected to witness a faster rate as BIM services are adopted at a higher rate by building owners, design te

Test and Measurement Equipment Industry Expected to reach $33.3 billion by 2026

Test and Measurement Equipment Market is expected to grow from USD 27.7 billion in 2021 to USD 33.3 billion by 2026, at a CAGR of 3.7%. The market is growing due to the increasing demand for such equipment from verticals such as automotive and transportation, aerospace & defense, IT and telecommunications, education and government, electronics & semiconductor, industrial, and healthcare. The healthcare sector is expected to exhibit the highest CAGR of 4.63% during the forecast period. There is a significant growth potential for the test and measurement equipment market in the healthcare vertical due to the rapid development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116452716 The market for GPTE to hold the largest share Test and measurement equipment market, by product type, in 2025 General-purpose test equipment include oscilloscopes,

With 7.5% CAGR, Level Sensors Market Growth to Surpass USD 6.1 billion

The level sensor market is projected to reach USD 6.1 billion by 2025 from USD 4.3 billion in 2020, it is expected to grow at a CAGR of 7.5% from 2020 to 2025. Factors such as the reduction in the size of sensors, rising adoption of level sensors in process industries, and rising use of IIoT solutions, stable vehicle production worldwide drive the growth of the level sensors market. Rising adoption of industry 4.0 and increasing use of level sensors in environmental applications would provide significant opportunities for the level sensors market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=926 Based on technology, the non-contact segment is projected to account for the largest size of the level sensors market from 2020 to 2025. Based on technology, non-contact level sensors are expected to hold a larger share in the market. The larger share of the non-contact level sensors market segment can mainly be attributed to their increasing adoption i

Millimeter Wave Technology Market Opportunities and Challenges

The millimeter wave technology market is projected to grow from USD 1.8 billion in 2021 to USD 4.7 Billion by 2026, at a CAGR of 20.8% from 2021 to 2026. Rising adoption of millimeter waves in the telecommunication sector is one of the factors fueling the growth of this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=981 Based on product, the telecommunication equipment segment to hold a high market share from 2021 to 2026 Based on product, the millimeter wave technology market has been segmented into telecommunication equipment, radar & satellite communication systems, and scanner systems. The telecommunication equipment segment is expected to dominate the millimeter wave technology market by product. The market for telecom applications has been further segmented into mobile backhaul equipment (which includes all indoor and outdoor radio equipment used in macro-cell and micro-cell backhaul) and smallcell equipment. The mobile backhaul

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

The market has a promising growth potential due to growing adoption of NVH testing solutions especially in automotive & transportation and power & energy verticals along with aerospace & defense and industrial equipment vertical in the near future. Stringent government regulations to reduce noise pollution, a paradigm shift towards electrification of vehicles and rising need for NVH testing solutions in applications such as impact hammer testing and powertrain  NVH testing, sound intensity measurement and sound quality testing and so on are driving the growth of NVH testing market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47022073 The global NVH testing market is estimated to grow from USD 1.9 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 5.5%. The market has declined in 2020, mainly due to the impact of COVID-19. The supply chain was disrupted in 2020 due to the lockdown imposed by various governments and labor shortag

With 13.6% CAGR, Automotive Sensors Market Growth to Surpass USD 47.5 billion

The global automotive sensors market was valued at USD 24.3 billion in 2020 and is estimated to reach USD 47.5 billion by 2026, registering a CAGR of 13.6% during the forecast period. The rising adoption of autonomous vehicles increasing demand for automotive sensors worldwide. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426 The market for the original equipment manufacturer (OEM) segment is expected to grow at the highest CAGR during the forecast period. The OEM segment is expected to lead the automotive sensors market during the forecast period due to the rising demand for sensors in modern vehicles. Sensors are an essential component in automotive systems for the safe, comfortable, and economic operation of vehicles. The extreme conditions in automotive applications such as heat, cold, or continuous vibrations create a high demand for sensors that are highly reliable and resilient. Moreover, the newly mandated sensors-based features such as

With 25.0% CAGR, Vertical Farming Market Growth to Surpass USD 9.7 billion

The Vertical Farming market is expected to grow from USD 3.1 billion in 2021 to USD 9.7 billion by 2026; it is expected to grow at a CAGR of 25.0% during the forecast period. 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 arising due to the Covid-19 pandemic. The pandemic has compelled governments worldwide to shift their focus and spending to the health care sector. The demand from end users also declined significantly during 2020. The market would experience partial recovery by the end of 2021, followed by a growing upward movement in 2022 as markets start recovering. The increasing awareness on hygiene and safety also increases the demand for vertical farming and its products. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221795343 Lighting systems and hydroponic components accounted fo

With 7.8% CAGR, Leak Detection Market Growth to Surpass USD 3.0 billion

The market is projected to grow from USD 2.1 billion in 2020 to USD 3.0 Billion by 2025, at a CAGR of 7.8% from 2020 to 2025. Rising occurrences of oil & gas leakages in pipelines and storage tanks at production facilities and progressing government regulations concerned with the implementation of leak detection systems are some of the major factors propelling the growth of the leak detection market for oil & gas. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33989203 The natural gas segment will grow at the highest CAGR during the forecast period. Increasing government regulations to reduce carbon dioxide emissions is one of the key drivers for increased natural gas consumption. This, in turn, contributes to the rising demand for leak detection technologies and systems in natural gas production and storage facilities and transportation pipelines. North America to lead the global leak detection market for oil & gas during the foreca

Machine Condition Monitoring Industry Expected to reach $4.0 billion by 2027

The global machine condition monitoring market size is expected to grow from USD 2.8 billion in 2022 to USD 4.0 billion by 2027, at a CAGR of 7.8%. The use of wireless communication technology-integrated machine condition monitoring systems and the inclination of manufacturing companies toward predictive maintenance techniques are the key factors boosting the growth of the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363 Hardware segment accounted for larger share of the machine condition monitoring market in 2021. Hardware offerings held a larger share of the machine condition monitoring market in 2021. Hardware components used in machine condition monitoring systems include vibration sensors, vibration analyzers, infrared sensors, spectrometers, ultrasound detectors, spectrum analyzers, corrosion probes, etc. The data collected by these components is further analyzed with the help of software solutions, thereby enabling manufactur

Magnetic Refrigeration Industry Expected to reach $165 million by 2027

Increasing government initiatives on green technology, low maintenance costs, and compact design and high energy efficiency are the factors driving the growth of the magnetic refrigeration market. The adoption of magnetic refrigeration in the commercial sector and high potential across the industrial sector provide opportunities to the magnetic refrigeration market players during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243034247 The magnetic refrigeration market includes players like Ubiblue (France), Haier Smart Home Co., Ltd (China), Camfridge Ltd (UK), Astronautics Corporation of America (US), and VACUUMSCHMELZE GmbH & Co. KG (Germany). Currently, only a few companies are involved in the manufacturing of magnetic refrigeration technology. However, many players are expected to enter this market in the coming years as magnetic refrigeration is expected to create a high demand owing to its advantages over conventional

With 9.0% CAGR, Precision Livestock Farming Market Growth to Surpass USD 4.8 billion

The global Precision Livestock Farming Market is expected to grow to USD 4.8 billion by 2025 from an estimated USD 3.1 billion in 2020, at a CAGR of 9.0% during the 2020-2025 period. The rapid growth of the global precision livestock farming market is attributed to the factors such as the implementation of IoT- and AI-enabled devices for livestock monitoring, surging labor costs and rising demand for automation in the livestock industry, increasing focus on real-time monitoring and early disease detection, and growing demand for protein and dairy products have become the prominent factors for the growth of the precision livestock farming market globally. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29706557 Dairy farms held the major market share in the precision livestock farming market in 2019 and is expected to dominate the market during the forecast period Precsion livestock farming market for the dairy farm type is expected to hold a majo

Control Valve Industry Expected to reach $10.6 billion by 2025

Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic, rising demand for energy in APAC, growing need for connected networks to maintain and monitor industrial equipment, and surging focus on establishing new nuclear power 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 Rotary valves to account for a larger share of the control valve market by 2025 Rotary control valves are expected to hold a larger share of the control valve market in 2019. Rotary valves are less prone to clogging in dirty service applications, and through the stem packing, emissions can be controlled effortlessly, without using costly bellows seals. Moreover, lighter weight and smaller size of rotary valves contribute to the constantly increasing demand for these valves. Another advantage offered by rotary valves is

With 8.3% CAGR, Electric Heat Tracing Market Growth to Surpass USD 3.8 billion

The Electric Heat Tracing market is projected to grow from USD 2.5 Billion in 2022 to USD 3.8 Billion in 2027; it is expected to grow at a CAGR of 8.3% from 2022 to 2027. The growth of the market is attributed to the increasing adoption of electric heat tracing systems over conventional steam tracing systems, the rising demand for energy-efficient electric heat tracing systems, and low maintenance cost of electric heat tracing systems are the factors driving the growth of the electric heat tracing market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88678555 Growing demand for heat tracing systems from various end-user industries End-user industries of heat tracing systems range from oil & gas, power & energy, chemicals to food & beverages, oil & gas, refineries, and petrochemical industries are the major contributors to the market growth of electric heat tracing systems. The oil & gas industry is one of the major industries

With 24.5 % CAGR, Eye Tracking Market Growth to Surpass USD 1,098 million

Eye Tracking Market is expected to grow from USD 368 million in 2020 to USD 1,098 million by 2025; it is expected to grow at a CAGR of 24.5% 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144268378 Market for mobile eye tracking to grow at highest CAGR during forecast period The market for mobile eye tracking is expected to grow at a higher CAGR during the forecast period. Mobile eye tracking provides more degree of freedom for the subject, which entails more natural head and

Microgrid Controller Industry Expected to react $11.5 Billion by 2027

The global microgrid controller market size is estimated to be USD 4.2 Billion in 2022 and is projected to reach USD 11.5 Billion by 2027, at a CAGR of 22.3% during the forecast period. Growing emphasis on decarbonization by end users and governments, the need to ensure uninterrupted power supply are all contributing factors, and optimization of energy assets and improved efficiency of microgrids using microgrid controllers are some of the major factors contributing towards the growth of microgrid controller market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103650618 Grid-connected microgrids likely to dominate the market during the forecast period Grid-connected microgrids will lead the microgrid controller market during the forecast period. Grid-connected microgrids consist of multiple generators, distribution systems, and sophisticated controls. These technologies not only improve grid resiliency, improve power quality, and reduce their en