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Showing posts from May, 2023

With 4.9% CAGR, Broadcast Equipment Market Growth to Surpass USD 6.3 billion

The global broadcast equipment market was valued at USD 4.6 billion in 2021 and is projected to reach USD 6.3 billion by 2027; it is anticipated to register a CAGR of 4.9% during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111738599 By technology, the digital broadcasting segment is projected to hold a higher CAGR of broadcast equipment market during the forecast period The digital broadcasting segment is expected to grow at a higher CAGR during the forecast period of the broadcast equipment market. Digital broadcasting is the practice of using digital signals rather than analog signals for broadcasting over radio frequency bands. It has gained widespread traction, especially in digital television such as digital terrestrial television and satellite television. By product type, the encoder segment to hold the largest share of the broadcast equipment market in 2021 In 2021, the encoders segment held the largest share of

With 10.2% CAGR, Precision Livestock Farming Market Growth to Surpass USD 11.2 billion

The precision livestock farming market is estimated to be USD 6.9 billion in 2023 and projected to reach USD 11.2 billion by 2028, at a CAGR of 10.2%. The rising adoption of smart sensors, camera systems, robotics, and automation in livestock farming has resulted in better farm management by gathering information about livestock. Moreover, the integration of emerging technologies such as artificial intelligence, machine learning, the internet of things (IoT), and hardware devices have increased demand for livestock farm automation in recent years. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29706557 Large Farms are expected to dominate the precision livestock farming market, in terms of value, during the forecast period. Large farms deploy modern livestock farming technology, including milking robots, precision feeding systems, and livestock monitoring and tracking solutions. The increase in the average farm size has led to increased labor costs

With 5.6% CAGR, Bus Seat Market Growth to Surpass USD 16.3 billion

The bus seat market is expected to grow from USD 12.5 billion in 2022 to USD 16.3 billion by 2027, at a CAGR of 5.6%. The market growth can be attributed to several factors, such as increasing demand for electric bus is rising demand for bus seats. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266554775 Bus seats for school buses to grow with the highest CAGR during the forecast period School buses are widely used for the bus seat application. School buses are designed to transport children to the school and back to residence. Bus seats with proper child safety measure are growing in demand as school authorities and parents are working on improving child’s safety. Proper bus seats with seat belts are used avoid danger to children in an event of accident. Integrated child seats are growing in application for school buses where the seats can be adjusted to fit a young child travelling in the bus. Many developed countries like US, Canada, UK, German

With 4.6% CAGR, Test and Measurement Equipment Market Growth to Surpass USD 42.9 billion

The test and measurement equipment market is estimated to be worth USD 34.3 billion in 2023 and is projected to reach USD 42.9 billion by 2028, at a CAGR of 4.6% during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116452716 Different types of test and measurement equipment are used to examine and analyze the performance of newly developed products during various production phases, such as R&D, designing, and manufacturing. These instruments help make decisions regarding product efficiency and quality, as well as identify risks and flaws in the product or the system that can be corrected to ensure product reliability and effectiveness. The market for test and measurement equipment has witnessed substantial growth in the past few years owing to their increasing demand from several verticals, such as aerospace & defense and automotive. The market is highly competitive with the presence of many players, including Tier I,

With 11.3% CAGR, Hydrogen Detection Market Growth to Surpass USD 410 million

The hydrogen detection market is estimated to be worth USD 240 million in 2023 and is projected to reach USD 410 million by 2028, at a CAGR of 11.3% during the forecast period. The constantly growing demand for fuel cell vehicles is a major factor driving the growth of hydrogen detection market globally. Moreover, the need for hydrogen leak detection and monitoring for safety and process control in several applications such as oil & gas, automotive & transportation, energy & power, and so on contribute to the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52631881 Growing adoption of fuel cell technology, implementing policies related to energy transition as well as expanding the market for fuel cell heavy-duty trucks, the adoption of hydrogen-based fuels in shipping and aviation, and the increasing demand for hydrogen as a fuel and feedstock in various industrial processes is expected to drive the hydrogen detection marke

With 28.6% CAGR, Volumetric Video Market Growth to Surpass USD 7.6 billion

The global volumetric video market is expected to be valued at USD 2.2 billion in 2023 and is projected to reach USD 7.6 billion by 2028; it is expected to grow at a CAGR of 28.6% from 2023 to 2028. The increasing need for the efficient use of holograms, 3D technologies, and AR VR products across all industries drives market growth. The volumetric video market in the US, UK, and China is expected to grow higher. This can be attributed to the expansion of the entertainment sector and the rising number of volumetric studios in the aforementioned countries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259585041 The hardware market for volumetric video accounts for the second-highest CAGR during the forecast period. Hardware, including capture devices, processing hardware, display hardware, and networking hardware, plays a critical role in enabling the capture, processing, and display of volumetric video. Technological advances are driving innovation and

Microgrid Controller Market Expected to reach $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 The commercial & industrial end-use application segment likely to witness fastest growth during the forecast period, due to surge in the requirement for uninterrupted electricity supply in commercial and industrial sector The commercial & industrial segment of the microgrid controller market is projected to record the highest growth rate during the forecast period. The gr

Lined Valve Market Expected to reach $4.1 billion by 2028

The global lined valve market size is estimated to be USD 3.4 billion in 2023 and is projected to reach USD 4.1 billion by 2028 at a CAGR of 4.2%. The growing necessity for ensuring a sterile environment with utmost purity for processes in the pharmaceutical industry, rising demand for IoT-integrated valves, and stringent regulations for adhering to the process safety regulations established by governments are major factors driving the growth of the lined valve market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199355707 Based on type, ball valves are expected to register the highest CAGR during the forecast period from 2023 to 2028 In the case of lined ball valves, the thickness of the material helps to protect the valves completely from any chemical corrosion; hence it is considered an excellent choice for applications with a highly corrosive or abrasive environment, such as in chemical and pharmaceutical industries. Other benefits of lined

Wireless Testing Market Projected to reach $23.7 billion by 2027

Wireless testing market size is projected to grow from USD 13.5 billion in 2022 to USD 23.7 billion by 2027; it is expected to grow at a CAGR of 11.9% from 2022 to 2027. The key factors contributing to the growth of wireless testing market include rising advancement in wireless technology and growing adoption of smart gadgets. However, lack of standardization in connectivity protocs is hindering the growth of wireless testing market. Long lead time required for the overseas qualification tests possesses a huge challenge to the industry. However, increasing demand for smart cities and smarthomes is the biggest opportunity in the market space with Asia Pacific having the highest market share and CAGR for the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128820153 Ability of spectrum analyzers to connect to wireless devices and analyze electromagnetic signals to fuel market growth for wireless device testing market Spectrum analyz

Millimeter Wave Technology Market Expected to reach $7.9 billion by 2028

The millimeter wave technology market is anticipated to grow from USD 2.8 billion in 2023 to USD 7.9 billion by 2028, at a CAGR of 22.8%. Some key factors accrediting to the growth of millimeter wave technology market include increase in broadband and mobile speeds, rising use of millimeter wave in small-cell backhaul networks, and surging use for millimeter wave technology in security and radar applications in various industries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=981 Antennas & Transceivers segment is expected to grow at highest CAGR during 2023 to 2028. The functioning of any millimeter wave-based equipment is highly affected by antenna technologies and factors related to antenna design. The type of transmission and reception antennas selected influences the characteristics of a millimeter wave transmitted to a receiver. The selection criteria for antennas mainly depend on the application area. The types of antenna used for mill

Unlocking Efficiency and Innovation with Building Information Modeling (BIM)

Technology has transformed the way projects are created, built, and managed in modern construction and architecture. Building Information Modelling (BIM) is one of the game changers in this sector. BIM is an intelligent 3D model-based method that delivers insights and tools to architects, engineers, and construction professionals to efficiently plan, design, construct, and maintain buildings. Let's look at the advantages and implications of BIM in today's construction business. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95037387 BIM serves as a common store for project information, allowing all stakeholders to effortlessly communicate. Architects, engineers, contractors, and clients may collaborate on a single platform and access real-time project data and models. This improves communication, lowers errors, and keeps everyone on the same page throughout the project's lifecycle. Building information modelling (BIM) allows design pro

With 28.5% CAGR, Silicon Photonics Market Growth to Surpass USD 5.0 billion

The silicon photonics market was valued at USD 1.3 billion in 2022 and is projected to reach USD 5.0 billion by 2028, growing at a CAGR of 28.5% from 2023 to 2028. The growing deployment of 5G networks is one of the major opportunities in the market.   Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116 The silicon photonics market for data centers and high-performance computing is expected to see the highest growth rate during the forecast period. Silicon photonics technology has gained significant attention, especially in the data center and high-performance computing markets. Silicon photonics enables high-speed data transmission over long distances while consuming less power than traditional copper-based interconnects, which makes it an attractive solution for data centers and high-performance computing. The growth is attributed to the increasing demand for high-speed data transfer and low-power consumption in data centers and high-performance co

Laser Diode Market Projected to reach $10.9 billion by 2027

The global laser diode market size is expected to grow from USD 5.9 billion in 2022 to USD 10.9 billion by 2027, at a CAGR of 13.1% during the forecasted period. The major drivers for the growth of laser diode market include increasing investments in military & defense leading to high demand for laser technology and expanding fiber laser market. The laser diode market dominated by the major Tier I suppliers like II-VI Incorporated (US), Lumentum Holding Inc. (US), ams-OSRAM AG (Austria), ROHM Co., Ltd. (Japan), Ushio, Inc. (US), and Hamamatsu Photonics K.K. (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Rest of the World. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1006 Gallium nitride (GaN) is expected to be emerged as the fastest growing doping material segment in laser diode market during the forecasted period The GaN segment is

Safeguarding Lives and Assets: The Rising Fire Protection Systems Market

The global fire protection system market size is projected to grow from USD 66.8 billion in 2022 to USD 92.1 billion by 2027 at CAGR of 6.6% during the forecast period. The fire protection systems market is witnessing significant growth and transformation as organizations and individuals recognize the critical importance of safeguarding lives, property, and assets from the devastating impact of fires. According to a comprehensive market research report by MarketsandMarkets, the global fire protection systems market is projected to expand at a substantial compound annual growth rate (CAGR) in the coming years. In this blog post, we will delve into the key factors driving this market growth, explore the latest trends, and highlight the future prospects of the fire protection systems industry. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1018 The growing awareness of fire safety among individuals and organisations is one of the key drivers of the fir

RFID Market: Revolutionizing Industries with Enhanced Tracking and Automation

RFID technology has emerged as a major changer across industries, revolutionising the tracking and management of products, assets, and information. The RFID industry is experiencing tremendous growth and adoption due to its potential to deliver real-time visibility, improve operational efficiency, and enhance customer experiences. In this article, we'll look at the RFID market, its important trends, growth drivers, and the revolutionary influence it's having on numerous industries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446 The global RFID Market size is expected to reach USD 35.6 billion by 2030 from USD 18.45 billion by 2023, it is expected to grow at a compound annual growth rate (CAGR) of 11.9% during the forecast period. RFID technology makes use of radio waves to wirelessly identify and track objects that have RFID tags or labels. The market's growth is driven by factors such as increasing demand for supply chain visibilit

Thin client Market Expected to reach $1.7 billion by 2028

The thin client market is projected to grow from USD 1.5 billion in 2023 to USD 1.7 billion by 2028; it is expected to grow at a CAGR of 3.1% from 2023 to 2027. The key factors fueling the growth of the thin client market include rising investments in data centers by leading corporations and the growing digitization of the financial sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114032661 The essay goes over the advantages of using standalone thin clients rather than standard PCs. Thin client computing is concerned with centralising data in order to reduce IT support and licencing costs. Because the standalone thin client just processes the user interface, it is less expensive to install in industries such as enterprise, finance, healthcare, hospitality, industrial, and government. According to the report, consumers are becoming more aware of the cost-effectiveness of remote desktops, which is predicted to fuel demand for standalone thin cli

Utility Markers Market Expected to reach $471 million by 2028

 The global utility markers market size is projected to grow from USD 341 million in 2023 to USD 471 million by 2028, at a CAGR of 6.7% during the forecast period. Utility markers are able to provide the exact location of the utility buried underground. These markers are placed with the ducts, cables, and pipelines underground, which convey the exact physical characteristics of underground utilities to the utility locators. The markers are independent of power supply and have a lifetime of around 30-50 years depending on the manufacturer and market type. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115631776 The market for tape markers is expected to grow at a significant CAGR during the forecast period Tape markers are also known as detectable and underground warning tapes. These tapes are designed as flexible ribbons to mark the location of buried utilities such as gas, water, electrical, and fiber optic lines. They are mainly used to locate

Testing, Inspection and Certification (TIC) Industry Expected to reach $265.0 billion by 2028

The global testing, inspection, and certification (TIC) market is projected to grow from USD 223.9 billion in 2023 to USD 265.0 billion by 2028, registering a CAGR of 3.4% during the forecast period. The Testing, Inspection, and Certification (TIC) industry is expanding due to a number of causes. One of the key drivers has been the increased government subsidies for renewable energy projects, which has resulted in an increase in the number of enterprises participating in this industry. Furthermore, there is an increasing emphasis on attaining efficient energy management, which has increased demand for TIC services to assess the energy efficiency of buildings and equipment. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5352498 Another factor driving the TIC industry is the increasing demand for high-utility performance in machinery and equipment. This has resulted in an increase in demand for testing and inspection services to assure product safet

Japan Microgrid Market to Grow at a CAGR 19.8% from 2022 to 2027

The report "Japan Microgrid Industry by Connectivity (Grid-connected, Off-grid), Offering (Power Generators, Controllers, Energy Storage, Software, Services), End User (Commercial & Industrial, Military, Utilities), Type, Power Rating & Geography - Global Forecast to 2027", published by MarketsandMarkets, Japan Microgrid Market to Grow at a CAGR 19.8% from 2022 to 2027 Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917 Growing need for reliable power supply fueling the growth of microgrid market in Japan According to Swiss Business Hub Japan 2022, the microgrid market in Japan will grow rapidly in the years to come which is driven by a combination of factors such as a growing demand for reliable and efficient energy supply, increasing use of renewable energy sources, and the need to improve energy resilience and security. Also, several pilot projects, often involving public-private partnerships, have been subsidized by the govern

China Microgrid Market to Grow at a CAGR 22.9% from 2022 to 2027

The report "China Microgrid Market by Connectivity (Grid-connected, Off-grid), Offering (Power Generators, Controllers, Energy Storage, Software, Services), End User (Commercial & Industrial, Military, Utilities), Type, Power Rating & Geography - Global Forecast to 2027", published by MarketsandMarkets,China Microgrid Market to Grow at a CAGR 22.9% from 2022 to 2027 Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917 The Chinese microgrid industry is expanding rapidly due to rising adoption of renewable energy and government regulations that support sustainable energy China has been one of the fastest-growing markets for microgrids in recent years, driven by a combination of factors such as a growing demand for reliable and efficient energy supply, increasing use of renewable energy sources, and government policies promoting the development of microgrids. The Government of China is dedicated to distributed energy generation from r

France Precision Farming Market to Grow at a CAGR 9.7% from 2022 to 2030

According to a research report " France Precision Farming Market by Technology (Guidance, Remote Sensing and Variable Rate Technology), Offering, Application, and Region (Americas, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2030", published by MarketsandMarkets, France Precision Farming Market to Grow at a CAGR 9.7% from 2022 to 2030. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1243 Precision Farming market to grow at an attractive rate of CAGR of 9.7% in France by 2030 France has been one of the dominant agricultural centres in Europe for centuries. With about ~730,000 farms, about 7% of the working population is employed in agriculture or similar sectors, such as fishing and forestry, according to the French Ministry of Agriculture. Agriculture technology has gained popularity across French farms as it improves efficiency, yield, and profitability. Many start-ups in France are developing algorithms, software, sa

With 22.8% CAGR, Millimeter Wave Technology Market Growth to Surpass USD 7.9 billion

 The millimeter wave technology market is anticipated to reach USD 7.9 billion by 2028 from USD 2.8 billion in 2023; it is anticipated to grow at a CAGR of 22.8% from 2023 to 2028. The increasing use of millimeter wave technology in mobile & telecommunication, consumer & commercial, aerospace & defense, and automotive sectors are driving the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=981 Based on product: The telecommunication equipment segment is estimated to lead the millimeter wave technology market by product. The high growth of this segment is due to the higher use of millimeter wave components for 5G backhaul. Millimeter wave components are also used widely in indoor and outdoor telecommunication equipment, including small-cell and macrocell equipment. Scanning systems find applications in public places, recreational events, airports, and other commercial places for safety purposes. The exposure of the human body