Autonomous enterprise market is anticipated to grow at a significant CAGR of 12.6% during the forecast period (2024-2031). The market for autonomous enterprise is expanding extensively owing to factors such as increasing acceptance of autonomous IT structure, accelerating advancements in artificial intelligence (AI) and machine learning (ML) with expanding edge computing and cloud computing solutions. According to the International Trade Administration (ITA), by 2030, artificial intelligence will boost the global economy by $15 trillion. From an estimated $157 billion in 2020 to an estimated $300 billion in 2024, the global AI market is anticipated to rise.
Robotic wheelchairs market is anticipated to grow at a significant CAGR of 9.6% during the forecast period (2024-2031). The industry growth is attributed to pivotal factors such as the growing aging population probable to have immobility problems, an increasing number of cases of obesity, neurological diseases, paralysis, strokes, and knee injuries which drive the growth of the market. According to the National Center for Biotechnology Information, in January 2022, there are over 100 million people who need or use wheelchairs globally. 66.5% of individuals with disabilities ranked self-driving or Robotic Wheelchairs (RWs).
Microelectronics packaging market is anticipated to grow at a CAGR of 7.6% during the forecast period (2024-2031). Microelectronics packaging involves encasing and protecting microelectronic components such as Integrated Circuits (ICs) and semiconductors from external damage to ensure their smooth functionality and durability in various applications. It encompasses a range of packaging technologies, including Chip-On-Board (COB), Ball Grid Array (BGA), and flip-chip, which are essential for devices such as smartphones, computers, and automotive electronics.
Social and emotional learning (SEL) market is anticipated to grow at a CAGR of 23.6% during the forecast period (2024-2031). The expansion of the SEL market can be attributed to various factors. These include the increasing emphasis on education, growing awareness of mental health, support from policies, validation through research, integration of technology, engagement from corporations and communities, and demand from parents. These factors contribute to the rising demand for SEL programs, that aim to develop social-emotional skills for academic achievement and overall student well-being, leading to widespread adoption in schools. As a result, the market is fostering the holistic development of students and nurturing the essential skills needed for success.
Inertial navigation systems market is anticipated to grow at a significant CAGR of 14.2% during the forecast period (2024-2031). The market growth is attributed to the growing deployment of unmanned marine vehicles and advancements in sensor design and data processing algorithms. The ongoing technological evolution to enhance the efficiency of products and services is also contributing to the global inertial navigation system market.
Super app market is anticipated to grow at a CAGR of 26.6% during the forecast period (2024-2031). A Super app is a comprehensive mobile or web-based platform that offers a wide range of services and functionalities, catering to various aspects of users’ daily lives. These apps serve as a centralized hub, providing a one-stop solution for users rather than requiring them to use multiple separate applications. The growing digitalization globally is a key factor driving the global market growth.
Neural processor market is anticipated to grow at a CAGR of 17.5% during the forecast period (2024-2031). A neural processor, also known as a neural processing unit (NPU), is a specialized circuit that implements all the control and arithmetic logic required to run machine learning algorithms, typically by working with predictive models such as artificial neural networks (ANNs) or random forests (RFs). Neural processors can be designed digitally or analogously. Analog chips are more closely related to the biological properties of brain networks than digital processors. As a result, they ought to use less energy than digital neuromorphic computers, theoretically.
Intelligent document processing market is anticipated to grow at a CAGR of 23.7% during the forecast period (2024-2031). The market growth is attributed to the rising use of automation in document processing, the adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) in document processing, and organizational efforts to reduce cost alongside increasing overall efficiency.
Cardless ATM market is anticipated to grow at a CAGR of 11.3% during the forecast period (2024-2031). Cardless ATMs are frequently being installed in bank locations to provide convenience for cash withdrawals, deposits, and transfers. The market for cardless ATMs has grown significantly in recent years due to the growing use of biometric verification, QR codes, and NFC (Near Field Communication). A few banks offer the option of cardless cash withdrawals through their ATM services. Over the coming years, it is anticipated that the growth will continue as more individuals use mobile payments and look for easier, quicker ways to access their money.
Oilfield services market is anticipated to grow at a moderate CAGR of 4.9% during the forecast period (2024-2031).The oilfield services industry provides specialized expertise and equipment throughout the oil and gas production lifecycle. They assist with exploration (seismic surveys), well drilling and completion, production optimization, and infrastructure maintenance, ensuring efficient and safe extraction of hydrocarbons.
Proximity sensor market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period (2024-2031). Proximity sensors have wide implications in security systems, industrial conveying systems, automation, robotics, and other industries. Its demand is growing due to technological advancement and use of sensing technology in industries such as defense, healthcare, pharmaceuticals, aerospace and other industries for threat detection, measurement, data transmission and monitoring physical movements.
Partner ecosystem platform software market is anticipated to grow at a significant CAGR of 12.3% during the forecast period (2024-2031). A partner ecosystem platform lets users manage, monitor, and share data with their channel partners. To increase their sales reach and reach market segments, geographic areas, or consumer types that their direct sales may miss, companies often create a vast network of channel partners who resell their products. Partner ecosystems are frequently big and challenging to manage since every channel partner has a unique sales strategy.
Laser cutting machine market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period (2024-2031). Laser Cutting is a thermal separation method in which many different materials can be cut efficiently, quickly, and precisely without reworking. They can perfectly re-create designs made on a computer in a matter of minutes or even seconds. It is the type of CNC machine (Computer Numerical Controlled) that takes commands from drawings that have been digitized and transformed into a computer language that describes every angle and curve of that design.
Explosive detection technology market is anticipated to grow at a CAGR of 6.3% during the forecast period (2024-2031). The explosive detection technology market is driven by increasing security concerns, stringent regulations, technological advancements, increasing air passenger traffic, military modernization programs, investments in R&D, emerging new threats, integration of AI and ML, growing demand for non-intrusive screening solutions, and public safety concerns.
Security operations center as a service market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031).Cyber threat prevention, detection, investigation, and response are the responsibilities of a security operations center. An operations center handles potential threats to computer systems and sensitive data in addition to carrying out comprehensive network supervision for a business.The number of data breaches is rising, leading to an increased focus on the cybersecurity process.
Autonomous tractor market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to the increased agricultural productivity with advanced technology globally. Advanced technology, such as GPS, sensors, cameras, and artificial intelligence algorithms, equip autonomous tractors to carry out a variety of activities without the need for human interaction.
Self-sovereign identity market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2024-2031). The market growth is attributed to the increased demand for identity management that gives individuals control over their data and eliminates the need for intermediaries, such as governments and corporations, to manage and store this information globally driving the market growth. SSI can enhance the effectiveness of identity management procedures.
SCADA alarm management market is anticipated to grow at a significant CAGR of 12.3% during the forecast period (2024-2031). SCADA alarm management systems refer to the application of cutting-edge tools and methods to raise the efficacy and efficiency of alarm systems. By using SCADA alarm management, system efficiency is increased overall, operator response is improved, alarm fatigue is decreased, and downtime is minimized.
Internet of behavior market is anticipated to grow at a significant CAGR of 23.2% during the forecast period (2024-2031). The internet of behaviors, or IoB, is an idea that centers on gathering and analyzing data from several sources in order to comprehend and impact human behavior. The technology integrates big data analytics, artificial intelligence, and the internet of things (IoT) to collect data from various digital touchpoints such as wearables, social media, and security systems.
Automotive driving simulators market is anticipated to grow at a significant CAGR of 8.2% during the forecast period (2024-2031). Automotive driving simulators use advanced technology for training, research, and entertainment. They offer controlled environments for driver skill development, vehicle testing, and behavioral analysis, enhancing safety and innovation in the automotive industry. The growing need for road safety of passengers is a key factor driving the global market growth.
Intelligent building automation technologies market is anticipated to grow at a significant CAGR of 10.4% during the forecast period (2024-2031). The market growth is attributed to the growing demand for building automation systems (BAS) that balance maximum efficiency with productivity and occupant comfort by combining energy, lighting, safety, and security into a single, user-friendly system.
Connected mining market is anticipated to grow at a significant CAGR of 10.7% during the forecast period (2024-2031).The growth of the connected miningmarket is attributed to increasing investments in simulation technology and an increase in the use of the internet of things (IoT). Furthermore, connect mining is accelerated by the growing use of automation, data science, and artificial intelligence technologiesdriving the growth of the market.
Programmable logic controller (PLC) market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Programmable logic controller (PLC) is the major computing system that manages automated machines. The PLC system alerts the technician and helps in error detection. PLC systems are preferred over conventional ones, as they are compact in size. PLCs also have the advantage of being multi-functional and can be programmed to perform a variety of tasks depending on the application.
Drone analytics market is anticipated to grow at a CAGR of 28.7% during the forecast period (2024-2031).Drone analytics is used by a number of end users to handle and examine the information gathered from the drone sensors. It is used in logistics, asset monitoring, surveillance, safety inspections, security monitoring, and general environmental research by scanning far-off regions.
Insurance platform market is anticipated to grow at a CAGR of 13.0% during the forecast period (2024-2031). The term refers to a comprehensive system that is designed to manage and streamline various processes within the insurance industry. It offers several benefits such as reduced cost, fraud detection, low-code capabilities, and transaction convenience along with a competitive advantage.
Sustainable technology market is estimated to exhibit exponential CAGR of 23.64%during the forecast period (2024-2031).Sustainable technology market refers to the practice of market in designing, manufacturing, using, and disposing of electronic devices in ways that minimize negative environmental and social impacts while promoting long-term viability.
Construction Equipments Rental market is anticipated to grow at a CAGR of 9.4% during the forecast period (2024-2031). The global construction equipment rental market refers to the industry that provides construction machinery and equipment to contractors and construction companies on a rental basis rather than selling the equipment outright. This allows construction firms to access expensive and specialized equipment without the financial burden of purchasing it.
3D Animation market is anticipated to grow at a CAGR of 11.9% during the forecast period (2024-2031). 3D Animation involves creating moving images in a three-dimensional digital environment that employs specialized software to manipulate and animate digital models, giving them lifelike movements and interactions and this versatile technique is used across various industries, including entertainment, gaming, advertising, architecture, healthcare, and education, to bring ideas, stories, and designs to life with depth and realism.
Automotive Human Machine Interface market is anticipated to grow at a CAGR of 11.2% during the forecast period (2024-2031). Automotive Human Machine Interface (HMI) is transforming the transportation industry by integrating technologies that provide seamless on-the-go experiences such as advanced navigation, connectivity, and smart safety. It also provides customization across car segments, which is driving the need for personalized solutions.
Digital image processing market is anticipated to grow at a CAGR of 10.8% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of AI in computer algorithms to manipulate and analyze digital images. Digital image processing systems with AI capabilities may automatically analyze and interpret images, resulting in processing that is more accurate and efficient. Defect detection, product inspection, and quality control are all aided by digital image processing. It ensures that fulfills specific requirements and supports the upkeep of superior production techniques.
Computer numerical control machines market is anticipated to grow at a CAGR of 13.1% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of computer numerical control (CNC) machines to automate manufacturing processes. Human error and labor expenses can be decreased by using computer numerical control equipment, which can perform complex jobs with high precision and consistency.
Cloud seeding market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). Cloud seeding can be identified as weather modification technique that improves a cloud’s ability to produce rain or snow. This technique is also used to control weather events such as suppressing storms or causing rain in draught effected areas.
Automotive intelligence park assist system market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031). Global automotive intelligence park assist systems are integrated with autonomous driving technologies that allow vehicles to navigate parking lots and streets independently.
Radiation detection, monitoring and safety market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031) owing to the rising prevalence of cancer, growing use of nuclear medicine and radiation therapy for the diagnosis, increasing radiation safety awarness, and increasing use of radiation monitoring in different industries. They are essential in a variety of fields and situations where radiation exposure is a possibility, including nuclear power plants, healthcare institutions, industrial locations, research labs, and homeland security.
Multi-access edge computing market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of ultra-low latency and high bandwidth technology along with 5G data network is the key factor supporting the growth of the market globally. The increasing demand for MEC allows computing, network, and mobile service providers to shift some of the computing and cloud-based processes to the edge of the network environment, achieving better performance, latency, and security resulting drive the growth of the market.
Automation testing market is anticipated to grow at a significant CAGR of 12.1% during the forecast period (2024-2031). Automation testing is the process of testing software using tools and technologies to minimize testing work and deliver functionality faster and more effectively. It facilitates the production of higher-quality software with less effort. The growing adoption of artificial intelligence (AI) and machine learning (ML) with the improving advanced automation testing techniques is the key factor supporting the growth of the market globally.
Agriculture analytics market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2024-2031). Pivotal factors such as the rising precision agriculture adoption and increasing demand for yield optimization, technological advancements and the emergence of new farm management software in emerging economies such as US, China, and India are driving the global market growth.
Automated fluid dispensing system market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031).The growing adoption of advanced automation technology with improving fluid dispensing systems is the key factor supporting the growth of the market globally. The increasing demand for automated fluid dispensing in semiconductor manufacturing and circuit assemblies such as the development of advanced integrated circuit encapsulation (AICE) and surface mount technology (SMT) is further aiding to the market growth.
Healthcare extended reality market is anticipated to grow at a CAGR of 16.2% during the forecast period (2024-2031). The rising need for remote medical consultations is especially accentuated by recent global health crises, the need for advanced training methods, and the growing investments in Extreme Programming (XP) technology by healthcare organizations are some of the major factors contributing to the market growth. Additionally, advances in telemedicine technologies are positively affecting the extended reality sector within healthcare.
Ransomware protection market is anticipated to grow at a CAGR of 17.5% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for moderate strategies used by cyber adversaries across the globe. In order to keep to produce the constantly changing landscape of cyber threats and the nimble methods of ransomware, organizations need to implement preventive protection measures. Furthermore, the market players are seeking for the new product launch to meet the demand for the program to protect from attacks.
Drone data services market is anticipated to grow at a CAGR of 11.7% during the forecast period (2024-2031). The growing adoption of 3D models, digital elevation models (DEMs), and orthomosaic maps with increasing application for civil engineering, construction, and mapping & surveying is the key factor supporting the growth of the market globally. Drone mapping software as cloud-based programs that assist both novice and expert users in the analysis of drone images.
Gamification market is anticipated to grow at a CAGR of 24.2% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for increased internet penetration across the globe. The global expansion in internet accessibility has extended the scope of gamified platforms. This is particularly significant for educational efforts such as ICE's 360° Inspire website, which allows individuals of all ages to access and utilize gamified information.
Smart infrastructure market is anticipated to grow at a CAGR of 12.1% during the forecast period (2024-2031). The growing adoption of energy storage infrastructure systems distributed photovoltaic power generation, and electric vehicle charging integrated into the smart energy management system is the key factor supporting the growth of the market globally. The smart infrastructure uses artificial intelligence algorithms and advanced optimization to manage energy efficiently.
NIL system market is anticipated to grow at a CAGR of 15.8% during the forecast period. NIL is a method to fabricate nanometer-scale patterns by mechanical deformation of imprint resist and related processes. This method is widely used in industries such as semiconductors, electronics, and automotive because of its potential for nanoscale manufacturing.
Multi-axis sensor market is anticipated to grow at a CAGR of 25.7% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for technological advances in sensor integration. Continuous improvements in sensor integration technologies help to drive the multi-axis sensor industry. The MiniONE Pro demonstrates how advanced sensing capabilities can be simply incorporated into a small package, reflecting larger developments in sensor technology.
Vehicle tracking system market is anticipated to grow at a CAGR of 9.2% during the forecast period (2024-2031). The growing adoption of advance vehicle tracking technology with improving security is the key factor supporting the growth of the market globally. As the number of luxury vehicles stolen has increased significantly in recent years as car thieves deploy ever-more sophisticated technology.
Defense XR market is anticipated to grow at a CAGR of 32.8% during the forecast period. The overall growth of the market is mainly driven by rapid technological advancements in AR, VR, and MR technology, growing applications, and collaborations between end-users and market players mainly in the military. Additionally, with growing application, the industry has seen significant spike in investments from major technology market players, investors, government organizations among others which is as major factor contributing to growth of the market.
Industrial 3D printing market is anticipated to grow at a significant CAGR of 12.1% during the forecast period (2023-2030). The growing adoption of 3D printed molds using heat-resistant resins is the key factor supporting the growth of the market globally. This printers unlocks new production possibilities at speeds exponentially faster than comparables industrial printers. They can produce the same output as four of the next fastest industrial 3D printer on the market.
Cognitive supply chain market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2023-2030). With a growing competitive market and the complexity of supply chain systems, organizations are adopting advanced technologies such as cloud computing, AI/ML, and IoT to improve operational efficiency and cost reduction. Additionally, COVID-19 and rising geopolitical tensions disrupted the global logistics and supply chain ecosystem, pushing organizations to embrace tech-led supply chain management solutions to handle the challenges.
Robotic Warfare market is anticipated to grow at a CAGR of 7.4% during the forecast period (2023-2030). Robotic warfare, also known as autonomous warfare or robotized warfare, refers to the use of robots and artificial intelligence (AI) to carry out military operations. This includes a wide range of systems, from unmanned aerial vehicles (UAVs) or drones to autonomous ground vehicles (AGVs) and autonomous underwater vehicles (AUVs).
Aircraft synthetic vision market is anticipated to grow at a CAGR of 3.2% during the forecast period (2023-2030). An aircraft synthetic vision system (SVS) is a technology that provides pilots with a virtual, computer-generated view of the external environment, enhancing situational awareness during flight. It utilizes 3D terrain, obstacles, and other navigation data to create a visual representation on the flight deck displays, even in low-visibility conditions.
Video intercom devices market is anticipated to grow at a CAGR of 12.2% during the forecast period (2023-2030). Increased building automation is driving the adoption of video intercom appliances in residential and commercial buildings. The growing adoption of smart video access systems with improving remote management and control is the key factor supporting the growth of the market globally. Smart video access systems are scalable to meet the unique needs of gated communities, and large and mid-sized buildings.
Thermal management technologies market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). Effective thermal management techniques, like heat sinks, fans, liquid cooling systems, and thermal interface materials, enable devices and systems to operate safely, perform at their best, and have a longer lifespan. The growing adoption of a variety of thermal management technologies to compare and adapt to the architecture of next-generation aircraft is the key factor supporting the growth of the market globally.
Mobile Battery market is anticipated to grow at a CAGR of 6.4% during the forecast period (2023-2030). A mobile battery is a device that stores energy in chemical reactions and releases it as electricity. The most common type of battery used in smartphones is the lithium-ion battery. Li-ion batteries dominate today’s rechargeable battery industry. New battery technology breakthrough is happening rapidly. Advanced new batteries are currently being developed, with some already on the market.
Claytronics market is anticipated to grow at a considerable CAGR of 0.8% during the forecast period. Claytronics is called a "programmable matter" and is similar to a nanomachine. Claytronics combines nanoscale robotics and computer science to create individual nanometer-scale computers. It is the concept of combining billions of micron scales or turtles to create actual computer-generated artifacts.
Automotive micro motor market is anticipated to grow at a CAGR of 6.2% during the forecast period (2023-2030). The market’s growth is attributed to rising demand and production of EV around the globe. The move to EVs is a significant driver for the automotive micro motor market. Small motors are used in electric automobiles for services such as power windows, windshield wipers, and electric power steering, among others.
Vehicle intelligence market is anticipated to grow at a CAGR of 12.2% during the forecast period (2023-2030). Vehicle intelligence refers to the technology that allows vehicles to make smart decisions and perform tasks without human intervention. It involves sensors, cameras, and computer systems that gather information about the vehicle's surroundings, such as road conditions and other vehicles.
Telemetry market is anticipated to grow at a CAGR of 14.2% during the forecast period (2023-2030). Telemetry is the collection of measurements or other data at remote points and their automatic transmission to receiving equipment (telecommunication) for monitoring. the telemetry market is driven by the growing demand for telemetry solutions in a variety of industries, such as healthcare, manufacturing, transportation, and energy.
3D Telepresence market is anticipated to grow at a significant CAGR of 15.2% during the forecast period. 3D telepresence is a technology that allows users to project realistic, full-motion, 3D images in real-time. It's an evolving technology that allows for three-dimensional video conferencing. Enhanced user experience is a key factor driving the growth of the global market.
Sensor testing market is anticipated to grow at a CAGR of 5.8% during the forecast period (2023-2030). Sensors are used in a variety of applications, including automotive, consumer electronics, aerospace, healthcare, and industrial. The demand for sensors in these industries continues to grow, which contributes to the demand for sensor testing. The market players are focusing on introducing new sensors with new applications to stay competitive in the market.
Healthcare mobile robots market is anticipated to grow at a CAGR of 17.8% during the forecast period (2023-2030). Pivotal factors driving the market growth including the increasing e-commerce activity around the globe, propelled the demand for demand for mobile robots. According to the According to United Nations Conference on Trade and Development (UNCTAD), the e-commerce sector saw a histrionic rise in its share of all retail sales, from 16% to 19% in 2020.
Frontier technologies market is anticipated to grow at a CAGR of 18.5% during the forecast period (2023-2030). As a group, these 11 technologies already represent a more than $1.2 trillion market in 2022. Frontier technologies are a group of advanced technologies that leverage digitalization and connectivity which enable innovation, automation, and sustainable solutions.
AR/VR smart glasses market is anticipated to grow at a CAGR of 8.1% during the forecast period (2023-2030). The AR/VR smart glasses are wearable devices that serve as human-computer interfaces to bridge the gap between the digital and physical worlds. Some of the common product types include optical see-through and video see-through. AR and VR smart glasses provide an immersive virtual experience and allow wearers to record still images, audio, and videos remotely, exchange data, share their point of view in real-time, access information hands-free, and augment their real-world.
LiDAR drones market is anticipated to grow at a CAGR of 12.3% during the forecast period (2023-2030). LiDAR is useful in a range of environments and spaces as it can capture data that may be difficult for other methods of scanning, such as areas with dense vegetation. Light Detection and Ranging (LiDAR) sensors use light energy, emitted from a laser, to scan the ground and measure variable distances.
Remote weapon systems market is anticipated to grow at a CAGR of 6.4% during the forecast period (2023-2030). The growth of the market growth is attributed increasing utilization of unmanned platforms across the globe. Unmanned ground and airborne vehicles are increasingly utilized in a variety of military applications. The aforementioned platforms can perform the tasks they are assigned more efficiently and effectively by integrating remote weapon systems.
Inertial navigation system (INS) market is anticipated to grow at a CAGR 9.0 % during the forecast period (2023-2030). The market’s growth is attributed to growing demand in autonomous vehicles such as autonomous unmanned vehicles (AUVs), unmanned aerial vehicles (UAVs), and autonomous cars across the globe. The vehicles require precise navigation systems, such as INS, for efficient and secure operations.
Anti drone market is anticipated to grow at a CAGR of 28.1% during the forecast period (2023-2030). The market’s growth is attributed to the rising proliferation of drones across the globe. Commercial drones are now widely available, raising concerns about their exploitation, including potential disruptions, security dangers, and privacy violations. Hence, resultantly the demand and need for anti-drone technologies has been increased. For instance, in September 2023, Grene Robotics implemented the innovative "Indrajaal" anti-drone system.
Extended reality market is anticipated to grow at a CAGR of 30.1% during the forecast period (2023-2030). Extended Reality (XR) brings together cutting-edge technologies such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). Extended reality provides mobility solutions as they are easily accessible via most electronic devices. Also, it is used to train employees on new skills or procedures in a safe and realistic environment such as, train medical professionals.
Agriculture technologies market is anticipated to grow at a CAGR of 11.4% during the forecast period (2023-2030). An increase in demand for advanced tractors, AgRobots, such as -robotic harvesters and separators, automatic in-row weeders, and many more devices and technologies are being deployed in the fields to increase productivity.
Smart warehousing market is anticipated to grow at a considerable CAGR of 12.3% during the forecast period. Smart warehousing is a data-driven environment that uses automated and interconnected technologies to receive, sort, organize, and prepare goods for shipment. The increasing dependency and demand for various e-commerce websites is one of the major factors driving the market growth. E-commerce customers expect to receive their orders quickly and accurately. Smart warehousing solutions helps businesses to deliver the product without any damage or delay.
GPU market is anticipated to grow at a significant CAGR of 34.4% during the forecast period. The market growth is attributed to factors such as the growth of the gaming industry, growth of the data center industry, advancements in the Artificial Intelligence (AI)/Machine Learning (ML) industry, increasing adoption of cloud-based services, and growing research and development in the automotive industry.
Glovebox containment systems market is anticipated to grow at a considerable CAGR of 9.8% during the forecast period, owing to the growing adoption of appropriate containment measures in medical research and production is required by stringent rules and recommendations. Such rules are established by agencies such as the European Medicines Agency (EMA) and the US Food and Drug Administration (FDA). Medical facilities and pharmaceutical firms meet these regulatory requirements with the assistance of glovebox containment solutions.
Autonomous AI and autonomous agents market is anticipated to grow at a significant CAGR of 11.6% during the forecast period (2023-2030). The rise in the adoption of AI-based applications across several verticals majorly drives the growth of the global autonomous AI and autonomous agents market. AI is used in almost all major areas and fields, as it not only helps to improve development but also the growth of these autonomous agents. Moreover, the rise in demand for autonomous agents among end users, owing to its numerous benefits such as constantly improved performance, increased efficiency to access real-time information, and rise in scalability further fuel the growth of the autonomous agents market.
Embedded AI market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period (2023-2030). Embedded AI is a general-purpose framework system for AI functions. It is built into network devices and provides common model management, data obtaining, and data preprocessing functions for AI algorithms. The growing demand for embedded AI in end-user industries is a key factor driving the growth of the global embedded AI market. This is due to the fact that an increase in the adoption of Embedded AI can potentially improve medical diagnosis and treatment in the healthcare sector.
Digital battlefields market is anticipated to grow at a considerable CAGR of 15.4% during the forecast period (2023-2030). The digital battlefield is a network of connected surveillance, communication, weapon, and aerial platforms. It provides real-time situational awareness information for strategic decision-making. The increasing demand for advanced communication and networking technologies is driving the digital battlefields market. One example of how advanced communication and networking technologies are being used by militaries is the US Army's Joint All-Domain Command and Control (JADC2) system.
Advanced shopping technology market is anticipated to grow at a considerable CAGR of 12.3% during the forecast period. with advancements in technology, it transforming the delivery and logistics aspects of the shopping experience and fast delivery options that have become the norm for many retailers. The surge in the integration of artificial intelligence (AI) such as multiple online platforms, mobile, and in-store channels is contributing to the growth.
Connected toys market is anticipated to grow at a CAGR of 8.7% during the forecast period (2023-2030). Connected toys that build on expert knowledge platforms and other content structures could create more robust, educational, and evolving systems of interaction with children, forging stronger educational and developmental outcomes. The growing adoption of connected toys coupled with the improving communication network is the key factor supporting the growth of the market globally.
Startup accelerator market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. The market growth is attributed to factors such as the growing number of startups, increasing digital inclusion, government policies, increasing availability of funds, increasing support for innovations, and increasing use of data analytics. This leads to increasing demand for accelerating programs and innovation. With growing support from governments globally for startups through policies and funds, the demand for accelerators is also increasing.
Nanotechnology market is anticipated to grow at a CAGR of 14.9% during the forecast period (2023-2030). Nanotechnology involves the use of nanoparticles, products are used in a wide range of sectors, including the food industry, pharmacology, medicine, and cosmetology. They are also present in commonly used dietary supplements, hygiene products, and packaging materials. The delivery of healthcare services will change as more end-use industries, particularly the healthcare industry, employ nanomaterials.
Green data center market is anticipated to grow at a considerable CAGR of 17.3% during the forecast period. Rising cost of energy, pressure from stakeholder and technological innovations are driving the development of green data centers. Apart from the direct benefits of green data centers such as lower energy cost, less downtime, and a smaller carbon footprint it also offers broader cost reductions, and improved risk management & mitigation.
VFX market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023-2030). The market’s growth is attributed to the growing demand for high-quality visual effects across the globe. The expansion of the entertainment business and consumer demands for immersive and visually spectacular material have both contributed to a huge increase in the demand for high-quality visual effects in recent years. The demand for VFX services has been driven by the increasing reliance of movies, television shows, and video games on visual effects to produce appealing and realistic graphics.
Smart mirror market is anticipated to grow at a CAGR of 30.1% during the forecast period (2023-2030). Homeowners are becoming increasingly involved in smart mirrors owing to their innovative design and capacity to improve the overall functioning and beauty of living spaces. The increased demand for smart home solutions is a major factor driving the growth of the smart mirror market in the residential sector. As more homeowners adopt the idea of automated systems and connected gadgets, smart mirrors have become a crucial part of smart homes.
Robotic prosthetics market is anticipated to grow at a CAGR of 9.3% during the forecast period. The market growth is attributed to factors including the technological advancements, increasing prevalence of limb disabilities, and growing demand for personalized prosthetics. For instance, according to the Centers for Disease Control and Prevention (CDC), around 1 in 4 (27%) adults in the US have some type of disability. Out of which 12.1% of the US adults have a mobility disability with serious difficulty walking or climbing stairs.
8K Technology market is anticipated to grow at a CAGR of 45.5% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for high-resolution displays, technological advancements in display technologies, and the rising adoption of 8K displays in various industry verticals. Further, the entertainment industry, medical industry, and education industry are some of the key drivers anticipated to fuel the demand for 8K Technology.
Mobile center pivot irrigation system market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The increasing demands for high- and better-quality crops, increasing demand for food, and advancements in technology in the mobile center pivot irrigation system are major factors driving the growth of the global mobile center pivot irrigation system market. The global population has quadrupled over the last century. In 1915, the total population was 1.8 billion across the globe which has increased up to 7.3 billion in 2017 as per UN census data. Further, UN calculations have estimated that it may reach up to 9.7 billion by 2050.
Social robots market is anticipated to grow at a CAGR of 19.2% during the forecast period. The market growth is attributed to factors such as technological advancements in artificial intelligence (AI) and robotics technology, and the increasing adoption of social robots in various industries. Other factors including improved healthcare outcomes, enhanced educational experiences, and personalized customer service, are also anticipated to fuel the demand for social robots across the globe.
Metadata management tools market is anticipated to grow at a lucrative CAGR of 18.5% during the forecast period. The rising adoption of technologies like "blockchain" and "IoT," the deployment of metadata management has driven the demand for the global metadata management tools market. The rising demand for centralized data administration, the growing value of metadata management in data security for greater data quality and analytics are further contributing to the growth of the metadata management tools market.
Blockchain in the supply chain finance market is anticipated to grow at a considerable CAGR of 42.3% during the forecast period. The growth of the market is attributed to factors such as increased transparency, efficiency, and security offered by blockchain technology in supply chain finance. Further advancements in technology and the need for streamlined financial processes are anticipated to fuel the demand for blockchain in supply chain finance solutions. The growth of the market is attributed to various benefits offered by blockchain technology such as Total visibility for all transaction participants.
Homomorphic encryption market is anticipated to grow at a CAGR of 8.3% during the forecast period. The prominent factor that drives the market growth includes the expansion of the banking and finance sector, growing demand for data privacy and security in end-user verticals, and the significant increase in research and development of encryption technologies. For instance, Duality, launched their open-source fully homomorphic encryption (FHE) library, OpenFHE, in July 2022. This was a collaborative project with other leaders in cryptography including Intel, Samsung, University of California-San Diego and MIT.
Waste-to-energy technologies market is anticipated to grow at a CAGR of 5.8% during the forecast period. The market growth is attributed to factors such as the increasing waste generation, stringent waste management regulations and technological advancements. Governments and environmental agencies across the globe are implementing stringent regulations and policies to reduce landfill waste and promote sustainable waste management practices.
Marine VFD market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growth of the market is attributed to factors such as the rise in demand for energy efficiency and the growth in the shipbuilding industry. According to International Energy Agency, in 2021 emissions from the international shipping sector grew by 5%. There have been efforts from different organizations and market players to achieve a 15% reduction in emissions from 2021 to 2030.
Cold storage construction market is anticipated to grow at a CAGR of 10.6% during the forecast period. The rise in trade of perishable products across the globe acts as one of the major factors driving the growth of the cold storage construction market. When utilized to store perishable foods, cold storage has various benefits, such as reducing the rate at which perishable foods deteriorate, regulating temperature, lowering the risk of food poisoning, reducing the hassle of cooking regularly, and enabling longer-term storage of food.
Consumer identity and access management market is anticipated to grow at a significant CAGR of 18.6% during the forecast period (2024-2031). The growing awareness regarding an organization's security, privacy, compliance posture, increasing compliance mandates and regulations, and growing demand from end-user industries are key factors driving the growth of the consumer IAM market. The growing adoption of consumer IAM in different regions is further contributing to the global market. The rapid increase in security breaches and cyber-attacks created the demand for the global consumer IAM market. Lack of awareness about the consumer IAM may restrain the industry's growth.
Electric pontoon boats market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. The market is growing owing to various factors. For instance, there is increasing demand for eco-friendly and sustainable watercrafts, as electric boats produce zero emissions and have a low environmental impact, and there is rising interest in recreational boating and water sports activities, particularly among younger generations.
Doorbell market is anticipated to grow at a considerable CAGR of 31.0% during the forecast period. Concerns about the security, safety, and well-being of individuals and families are expected to play a significant role in broadening the application of doorbell systems. Consumers are becoming increasingly interested in smart locks due to features such as flexibility with high security, remote locking and unlocking, ease of installation, and quick alerts to homeowners in the event of a burglary, which will provide potential opportunities for the smart doorbell market to grow in the coming years.
POP (point of purchase) display market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. A point-of-purchase display is a promotional tool placed near the merchandise in retail stores. These displays are typically created by manufacturers and distributed to wholesalers or retailers. They are strategically placed at the location where customers make their purchasing decisions. POP displays can take many forms, ranging from visually appealing labels to intricate configurations.
Audiobook services market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period. The emergence of digital transformation technologies is predicted to stimulate market innovation in the audiobook industry. Customers can now obtain audiobooks more easily as a result of advanced technologies such as the Internet of Things (IoT) and artificial intelligence (AI), and publishers have benefited from the current state of technology, which enables them to transform their physically written manuscripts into audio files.
Marine AIS monitoring system market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period. Marine AIS is the backbone of modern logistics, providing real-time tracking and analyzing data. In fact, if you haven't used it before you're behind the times and need to upgrade your system. But what if you have already set up your system and now need some help analyzing the information it gives you? That's where the Marine AIS monitoring solution comes in, and with such a solution you can get more insight into what's going on from anywhere in the ocean.
Corporate m-learning market is anticipated to grow at a CAGR of 20.0% during the forecast period. The increasing demand for personalized learning and the growing demand for employee upskilling and reskilling are some of the factors driving the growth of the corporate m-learning market. The increasing use of adaptive learning software and other digital tools in personalized learning helps students learn at their own pace and can provide them with customized resources and support based on their requirements and progress.
Security screening equipment market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period. The growth of the market is attributed to factors such as increasing threats of terrorism and cross-border security threats, rising investments in infrastructure development and security measures, and a growing need for improved airport security and passenger screening. For instance, in March 2021, the Bureau of Civil Aviation Security (BCAS) India, issued technical norms paving the way for airports to adopt modern equipment to screen bags without removing electronic devices.
Motorcycle e-call market is anticipated to grow at a significant CAGR of 19.4% during the forecast period. The motorcycle e-call automatically sends an alert to emergency services in the event of a crash, providing the rider with immediate assistance, providing real-time information about the location and status of the motorcycle, which can be useful for both emergency services and the rider.
Natural language processing (NLP) market is anticipated to grow at a considerable CAGR of 24.9% during the forecast period. NLP is a type of artificial intelligence (AI) that is being widely adopted in the form of consumer digital assistants and chatbots as well as adopted for commercial applications in the fields of textual analysis, sentimental analysis, voice sense (speech analysis), and change impact analysis.
Emotional Intelligence market is anticipated to grow at a considerable CAGR of 22.3% during the forecast period. The primary factor contributing to the market growth includes the growing demand for artificial technologies (AI) to understand human behavior.
Data broker market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period. The primary factor contributing to the market growth include the expansion of business intelligence and the generation of larger data sets. The BI industry is witnessing a huge volume of data to increase the value of existing software and tool a business uses.
Smart projector sales market is anticipated to grow at a considerable CAGR of 17.7% during the forecast period. The increased demand for consumer electronics, owing to rising disposable income, and changes in the middle-class lifestyle in emerging economies such as India, China, and others propel the market growth. Moreover, rising projector applications among various end-user industries such as educational institutions, the corporate sector, and the enterainment and media industry, will further boost the market growth.
HMC market is anticipated to grow at a considerable CAGR of 24.6% during the forecast period. HMC is a memory architecture, developed by Micron in 2011. It was developed in response to the high-bandwidth, high-efficiency memory requirements of multi-core processing in supercomputing and advanced network systems. It reduces latency, increases bandwidth, and offers efficient power, a smaller physical footprint, along with built-in reliability.
IT event and log management market is anticipated to grow at a CAGR of 11.2% during the forecast period. The market growth is driven by the surge in the integration of artificial intelligence (AI) and machine learning (ML) technologies, using a centralized log analysis system.The integration is majorly done due to the multiple benefits offered by the cloud-based log management platform.
Collision avoidance sensors market is anticipated to grow at a considerable CAGR of 11.5% during the forecast period. The major factor driving the demand for collision avoidance sensors includes the rising integration of technological advancements in sensor along with the rise in the adoption of collision avoidance sensors in various military equipment’s and other end-use industries.
Ultra high temperature (UHT) processing market is anticipated to grow at a considerable CAGR of 12.9% during the forecast period. The increasing application of UHT processing to dairy products, and for other food items such as soups, fruit juices, dairy alternatives, honey, wine, and soups is aiding market diversification. Many organic food products such as fruit juices, pulps, and honey consistof bacteria and microorganisms in their raw form.
Smart plantation management system market is anticipated to grow at a CAGR of 5.9% during the forecast period. The increasing reliance of the agricultural sector on cloud computing, IoT technology, agricultural sensors, smart irrigation systems, and machine learning is expected to create a favourable environment for the smart plantation management systems industry.
Cognitive automation market is anticipated to grow at a CAGR of 11.2% during the forecast period.The adoption of cognitive automation is based on factors such as the adoption of artificial intelligence (AI) by businesses to automate processes and integrate human-computer interaction (HCI). Most players in the market are developing cognitive services that are accessed by application developers, or end users who deploy solutions at their systems and servers.
Automatic industrial doors market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period. Automatic doors offer numerous benefits such as easy access, energy saving, optimizing operational costs, and others. It also prevents air-conditioning from escaping and keeps the premises dust-free. The automatic operation of automatic doors offers an optimal solution for various sectors such as hospitals and food factories where sanitation is essential.
AIS market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. The major factor driving the demand for automatic identification systems includes rapid globalization, international trade, and vessel traffic, rising safety concerns, and increasing regulations imposed by the government for the application of automatic identification systems.
Transportation security technology market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. The major factor driving the demand for transportation security technology is attributed to factors that include the growingintegration of technology to transit infrastructure.. Further growing launches of advanced tools for transportation security are some of the factors anticipated to fuel the demand for transportation security technology.
Waste sorting robots market is anticipated to grow at a CAGR of 19.6% during the forecast period. The increasing adoption of automation in numerous industries is propelling market growth. Similarly, the rising focus on proper management of waste along with the increasing demand for rapid waste management procedures to handle the large amount of garbage produced by the people is a major driving force behind the market share of waste sorting robots.
Digital remittance market is anticipated to grow at a CAGR of 15.9% during the forecast period. The market growth can be attributed to the increasing fund transfers from migrant workers to their families. Moreover, the increasing number of cross-border transactions and the growing adoption of mobile-based payment channels are expected to propel market growth over the forecast period.
Smart office market is anticipated to grow at a considerable CAGR of 12.6% during the forecast period. The rising need for safety & security systems at the workplace is one of the major factors driving the growth of the global smart office market and is anticipated to rise at a considerably high rate over the forecast period. Changing workplace environments and complexity globally increase the need for the development and availability of integrated security and safety systems amongst various businesses and enterprises.
Smart lighting market is anticipated to grow at a considerable CAGR of 20.6% during the forecast period. Owing to the rise in smart city projects across the globe, the smart lighting market has experienced significant growth in many outdoor applications such as roads and highways. Government authorities across the globe are focusing on initiatives and strategic partnerships to develop smart cities, hence improving market representation.
Terahertz technology market is anticipated to grow at a significant CAGR of 15.9% during the forecast period. The terahertz wave is an electromagnetic wave with a spectrum ranging between microwave and infrared. It has the advantages of low energy, non-invasive, high resolution, and penetration.
Digital agriculture market is anticipated to grow at a CAGR of 9.6% during the forecast period. Precision farming is an approach to farm management that uses information technology (IT) to ensure that crops and soil receive exactly what they require for optimum health and productivity. The growing adoption of precision farming is pushing market players to offer new solutions and services to their customers which are expected to boost the market growth during the forecast period.
Printable solar cells market is anticipated to grow at a considerable CAGR of 9.1% during the forecast period. The growth of global printable solar cells can be attributed to factors such as a rise in global electricity demand, expansion of the global solar industry, and growing investment in research and development in printable solar cell technology. For instance, in January 2022, Ascent Solar Technologies, Inc., a developer, and producer of lightweight, flexible thin-film photovoltaic (PV) solutions, confirmed that the company has been appointed by Momentus, Inc., to produce specialized flexible CIGS PV modules for a demonstration deployable PV array.
Educational robot market is anticipated to grow at a significant CAGR of 14.9% during the forecast period. Increasing focus on enhancing science, technology, engineering, and mathematics (STEM) education, growing education technology industry across the globe, and growing investments and funding in start-ups are some of the factors driving the global educational robot market.
Cryptocurrency payment apps market is anticipated to grow at a significant CAGR of 15.7% during the forecast period. The growing adoption of cryptocurrencies across the globe is the key driver for the Cryptocurrency Payment Apps market expansion. People are encouraged to use cryptocurrency payment platforms owing to various advantages such as the decentralized nature of the blockchain, which eliminates mediators like banks from the payment processing system, accelerates the transaction speed and reduces the processing time and others.
Automatic platform screen doors market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. The growth of the global automatic platform screen doors is attributed to factors such as the increasing focus on safety and security, growing automation across sectors, and the growing modernization of railway platforms and airports.
Laser tracker market is anticipated to grow at a significant CAGR of 11.9% during the forecast period. A laser tracker is a portable coordinate measurement machine that uses a laser beam to accurately measure and inspect the features of an object in 3D space. Laser trackers provide high precision, accuracy, continuous point measuring, and ultrafast single-point measuring.
Marketing analytics market is anticipated to grow at a CAGR of 14.1% during the forecast period. The cloud-based analytics solutions support organizations to better understand and engage their target market. Cloud-based analytics tools aid businesses to understand their customers in a better manner. Furthermore, Cloud-based technologies improve the management of commercial and marketing information.
Digital transformation market is anticipated to grow at a CAGR of 22.2% during the forecast period. Industry 4.0 enables autonomous decision-making processes, monitors assets, and processes in real-time, and brings more automation than in the third industrial revolution. The arrival of digital transformation in industry 4.0 to increase production capacity, improve customer service and delivery lead times, achieve higher employee satisfaction, and reduce their environmental impact is driving the growth of the global digital transformation market.
Application security market is anticipated to grow at a CAGR of 17.2% during the forecast period. The adoption of artificial intelligence and machine learning in the web and mobile application security process is expected to increase demand for the application security market during the forecast period. The increasing role of AI and ML in application testing security is offering new opportunities to the market.
Autonomous delivery robots market is anticipated to grow at a significant CAGR of 27.9% during the forecast period. Expansion of e-commerce and online retail, growing food aggregator and delivery services, and the rising demand for delivery robots in the end-use industries are some of the primary factors driving the growth of global autonomous delivery robots markets.
Wire wedge bonder equipment market is anticipated to grow at a CAGR of 3.0% during the forecast period. One of the prominent factors that fueled the market growth is the increasing modifications and advances in the manufacturing processes, coupled with the rising production of electronic products across the globe, and the advent of new chip packaging are the factors that droves the market revenue growth during the forecast period.
Smart shelves market is anticipated to grow at a significant CAGR of 21.4% during the forecast period. Smart Shelves are technology-enabled shelves used to automatically track inventory in retail stores. It enables retailers to check inventory levels and know when a product is out of stock. It enables real-time stock information and inventory management, correct product positioning and alerts if products are displaced real-time shelf tags updates, effective and customized product information display, optimized store performance, and enhanced customer service.
Robotic sensors market is anticipated to grow at a CAGR of 10.4% during the forecast period. The market is mainly driven owing to the rapidly embracing of sensor-enabled collaborative robots in manufacturing firms to automate various activities, such as pick and place quality insepection, moving products from one place to another, and others. Sensors built into the robots reduces the incidents of accidents and fatalities, thus increasing the efficiency, productivity, and revenue of the businesses.
Network forensic market is anticipated to grow at a CAGR of 11.2% during the forecast period. Network forensic refers to a digital forensic solution mainly used for the retrieval and inspection of information regarding network traffic and events to prevent cyberattacks. One of the prominent factors that drive the market demand is the increasing incidence of advanced threats such as ransomware, distributed denial of service (DDOS) attacks, and rising cases of cyberattacks.
Blockchain distributed ledger market is anticipated to grow at a CAGR of 52.6% during the forecast period. The primary factor that drives the market growth is the increasing adoption trend of distributed ledger among various large & medium size enterprises, and increasing awareness associated with blockchain distributed ledger application among numerous industries drives the market growth.
Virtual event platform market is anticipated to grow at a CAGR of around 12% during the forecast period (2022-2028). The growth of the market is driven by the increasing adoption of digital media marketing platforms to expand the audience base, the rising popularity of online streaming to replace face-to-face presentations, shifting business to a remote working approach, and cloud services gaining popularity among small businesses. Increase the accuracy of customer information collection.
Robotics as a service market is anticipated to grow at a CAGR of 14.6% during the forecast period. Robots-as-a-Service (RaaS) offers various benefits of automation to small businesses. It is a cloud-based “robotic rental” system that allows users to incorporate the capabilities to upgrade or downgrade systems as per the requirements. The user can also install robotics without requiring the necessary infrastructure which is required by more traditional robotics.
Corporate e-learning market is anticipated to grow at a CAGR of 20.5 % during the forecast period. The market is estimated to witness significant growth owing to its ability to upskill the staff at a faster pace, the growing acceptance of the 4.0 industry by key players which includes AI, robotics, cloud computing, and other digital software for improving the efficiency of the employees, is expected to drive the market growth.
Rugged server market is anticipated to grow at a CAGR of 6.5% during the forecast period. The growing demand for industrial automation, stringent regulatory requirements across various industries, and rising demand for rugged servers in different end-user industries are some key factors driving the growth of the global rugged server market. For instance, in July 2022, Industrial automation providers ABB and SKF, have agreed on a partnership to explore the possibilities for collaboration in the automation of manufacturing processes.
Target drone market is anticipated to grow at a CAGR of 7.1% during the forecast period. The increasing military and defense expenditure that focuses on military training in emerging economies is one of the key factors driving the growth of the global market. The rising number of patent and innovation registrations in various developing countries is further contributing to the growth of the target drone market.
Modular robotics market is anticipated to grow at a CAGR of 17.5% during the forecast period. The growing investment in industrial automation and increasing adoption of collaborative modular robots owing to their benefits and features are some key factors driving the growth of the market. Manufacturers are integrating new technologies, including the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their automotive production facilities and throughout their operations.
Biometric vehicle access market is anticipated to grow at a CAGR of 14.0% during the forecast period. Biometric vehicle access system technology is easy to use, reliable, and efficient. The programs are especially popular with well-known car companies such as Mercedes-Benz, BMW, Ford, and Volkswagen. The models adopt the technology of access to biometric vehicles to find better ways to strengthen their vehicle safety and security system.
Automotive diagnostic tools market is anticipated to grow at a significant CAGR of 5.6% during the forecast period. One of the key factors fuelling the market includes the rising technological advancement in the automobile industry. Vehicle making has become gradually complex with more applications of technologies such as advanced driver assistance systems (ADAS) and electronic control modules. Such development has raised a lot of technical challenges in the diagnosis process for regular end-users.
Search and rescue robots market is anticipated to grow at a CAGR of 21.1% during the forecast period. One of the core factors that is fuelling the market is the growing advanced technologies. The integration of technologies such as artificial intelligence (AI), machine learning, sensors, actuators, and more has intensified the applications of robots in the past few years. The addition of AI in robotics makes it easier to actuate the process of searching for victims and sources of threat. In the near term, these robots can patrol the water or air autonomously without any human support.
Military satellite market is anticipated to grow at a CAGR of 6.7% during the forecast period. One of the core factors that is fuelling the market growth is the rising tensions between countries in the past few years. Rising tension between countries such as the US, China, India, Russia, and others has been witnessed which has increased the demand for their security at the borders. Such countries have increased the use of satellite that can map, navigate the borders, and inform the officials if notices some suspicion on the border.
3D printing gases market is anticipated to grow at a CAGR of 12.0% during the forecast period. Technological advancements and industrialization and increasing demand from various end-use industries such as manufacturing and automotive are some key factors driving the growth of the global 3D printing gases market. Additionally, increasing application in consumer products is also encouraging the demand for 3D printing gases.
Supersonic and hypersonic weapons market is anticipated to grow at a CAGR of 6.5% during the forecast period. One of the key factors that are fueling the market growth is the rising adoption of advanced technologies in the defense section of multiple countries such as China, India, Russia, the US, and others which have been boosting the demand for these weapons. For instance, in May 2022, the US Air Force stated that it executed a successful test of a hypersonic weapon, which can fly at 5 times the speed of sound.
Close-in weapon systems market is anticipated to grow at a CAGR of 7.8% during the forecast period. One of the key factors that are fueling the market is the rising technological advancement in the system. Close-in weapon systems are defense weapons that can detect and destroy an enemy aircraft and short-range incoming missiles which have penetrated the outer defenses, usually mounted on a naval ship. Such advanced technology has strengthened the defense of multiple countries such as India, China, the US, and others which has increased the demand for more advancement in the technology to have an edge over other armies.
Hyperloop technology market is anticipated to grow at a CAGR of 40.9% during the forecast period. One of the key factors that are fueling the market growth is the proposed speed it offers to commute, which runs at an average speed of 600 miles per hour (mph). In such a mode of transportation, pods travel through tubes that are vacuum-sealed and can reach a speed of about 500 mph. A hyperloop system empowers pods to run at high speeds and have efficient propulsion owing to the low air pressure inside the tube, which avoids the outside air friction from limiting the pod's speed.
Truck platooning market is anticipated to grow at an exponential CAGR of 28.9% during the forecast period. One of the key factors that are fueling the market is the reduction in operating costs. As per Scania, in 2022, the fuel cost books for more than 30% of the operational cost in normal transport operations in Europe. It indicates that a small drop in fuel consumption can show a significant impact on the total freight cost in the industry of transportation, which functions on small margins of profit.
automotive 3D printing market is anticipated to grow at a considerable CAGR of 20.2% during the forecast period. The growing industrial automation is a major factor driving the growth of the automotive 3D printing market. Moreover, this technology occurs negligible errors as compared to any human-produced automotive vehicle. This technology can also manufacture complex and customized vehicle components with comparatively lesser time. Thus, manufacturers are rapidly adopting this technology for vehicle production.
airport information systems market is anticipated to grow at a substantial CAGR of 3.3% during the forecast period. One of the key factors that are driving the market is the growing number of passengers traveling via plane. As per the data of the US Department of Transportation, in 2021, the US airlines carried 674 million passengers (not seasonally adjusted), which was 82.5% more passengers than the passengers carried in 2020 (369 million, unadjusted). The low number of passengers in 2020 was caused due to the COVID-19 pandemic.
renewable drones market is expected to grow at a significant CAGR of 26.1% during the forecast period. The growing adoption of renewable drones in the renewable energy sector for different applications including detection of ships and submarines, an inspection of wind turbines, and inspection of offshore platforms and solar farms is a key factor driving the growth of the global renewable drones market. Additionally, the rising establishment of renewable energy plants, mainly solar and wind farms along with the rising focus on renewable energy generation are anticipated to offer lucrative opportunities to the growth of the global renewable drones market.
Green mining market is anticipated to grow at a CAGR of 7.1% during the forecast period. The rising environmental concerns regarding the negative impact of conventional mining are one of the key factors driving the growth of the global green mining market. Green mining involves eco-friendly practices primarily undertaken to reduce the harmful environmental impacts of mining activities. Therefore, mining companies are inclining toward the technologies that lead to power reduction, emission reduction, toxicity reduction, and water reduction, among others.
The global smart indoor garden systems market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. The smart indoor gardening system features technology that allows users to grow fresh herbs, vegetables, fruits, as well as flowers in a closed environment with high nutrition without using plant hormones, pesticides, and other harmful substances. Smart indoor gardening systems are compact and have several features such as smart light, smart data, and smart nutrition.
The global mobile crane market is expected to grow at a CAGR of 6.3% during the forecast period. One of the key factors that are driving the market includes the rising government and private sectors’ initiatives to make large funds in constructing new commercial and residential buildings and public infrastructure across the globe, thus contributing to the growth of the construction industry. As per the Institute of Civil Engineers (ICE) of the UK, in 2018, the global construction market is expected to reach $8 trillion by the end of 2030, mainly driven by the infrastructure expansion throughout China, the US, and India. The growth in infrastructure projects is, in turn, driving the demand for mobile cranes.
The global AI in genomics market is expected to grow at a significant CAGR of 50.2% during the forecast period. The growth of the market is primarily driven by the rising investment made by the government in the field of genomics, coupled with the application of genomics in areas such as oncology, pharmacology, infectious diseases, and genetic medicine. Moreover, in evaluating tailored treatment plans, and clinical care, genomics medicine uses machine learning and artificial intelligence as it includes the study of gene mutations.
The global cleaning robot market is anticipated to grow at an exponential CAGR of 22.4% during the forecast period. The changing lifestyle and rising modernization are driving the growth of the global cleaning robot market. People are shifting toward the smart alternative for their daily activities which increases the demand for cleaning robots and boosts the growth of the market. The major key players are introducing innovative features in cleaning robots to provide better facilities to consumers. For instance, in June 2021, Realme launched its first robotic vacuum cleaner called Realme Robot Vacuum. The Realme Robot Vacuum costs EUR 299, which is roughly Rs 27,000.
The global unmanned marine vehicles market is anticipated to grow at a significant CAGR of 12.1% during the forecast period. One of the core factors driving the market is its high application in oceanic surveillance. This has been driving the market for defense and security as unmanned marine vehicles, as it provides greater capacity for identification, surveillance, and interception than traditional systems. These vehicles can be equipped with stabilized surveillance systems, weapons systems, and electro-optical tracking systems which are capable of monitoring night and day via using infrared vision.
The global car POS machine market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. Cloud computing refers to the on-demand access of data and programs from a centralized pool of resources. The rising adoption of the cloud platform is considered to be one of the major factors augmenting the growth of the car POS machine market. The growth is attributed to the faster deployment of new capabilities including the introduction of advanced technologies such as AI. Deployment of new IT solutions for improving the business capabilities takes subsequently higher time in the case of conventional on-premise service-based systems compared to cloud-based solutions.
The global LEO satellites market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. One of the key factors that are boosting the market is the rising commercial applications of a satellite. Factors such as the growing connectivity of electronic devices, the miniaturization of satellites, and the increasing demand for LEO satellite constellations across industries are contributing to the growth of the market.?For instance, in February 2022, SpaceX launched forty-nine Starlink satellites in Florida from NASA's Kennedy Space Center (KSC). These satellites are expected to expand the existing constellation of more than 1700 LEO satellites to offer faster satellite internet.
Telecom cloud market is anticipated to grow at a considerable CAGR of 16.0% during the forecast period. Cloud computing offers modern telecom businesses scalability, flexibility, security, and operational efficiency at a low cost. The increasing adoption of cloud computing by telecom businesses is a key factor driving the growth of the global telecom cloud market.
The global remote asset management market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. The real-time remote asset monitoring system can assist businesses to achieve focused targets by utilizing IoT technology. Sensors are added to the equipment for measuring pressure, temperature, and other important parameters. The increasing trend for IoT-based real-time monitoring is expected to propel the growth of the market during the forecast period.
The global innovation management market is anticipated to grow at a significant CAGR of 9.8% during the forecast period. The rising requirement for product differentiation in the players is driving the growth of the market. To stay competitive, the players are differentiating their products from their competitors. When a company uses a differentiation strategy to differentiate its products, which focuses mainly on the cost value of the product instead of similar products on the market. It creates a perceived value among consumers and potential customers.
The global gunshot detection systems market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period. One of the core factors driving the market is increasing crimes including gun firing, especially in riots, crowded places, and around the high profile personality. This further led to the installation of numerous security measures such as alerting authorities and warning people nearby regarding the location of the shooting. This has raised the demand for gunshot detection systems in the past few years as riots on several issues have grown across the globe which has projected future demand in the upcoming years.
The global data loss prevention market is anticipated to grow at a significant CAGR of 22.4% during the forecast period. The factor that drives the global data loss prevention market is the rising focus of organizations on meeting regulatory and compliance requirements and data saved on the public and private cloud. Furthermore, increasing data breaches and cyber-attacks are boosting the demand for data loss prevention solutions during the forecast period.
General Data Protection Regulation (GDPR) Services market is anticipated to grow at a CAGR of 19.9% during the forecast period (2024-2031). GDPR services comprise a variety of solutions aimed at assisting enterprises in complying with the GDPR, a comprehensive data protection law issued by the European Union (EU). GDPR services might include consulting, software solutions, legal advice, training, and auditing, among others. Further, market growth is expected to be driven by the growing emphasis on compliance with GDPR law in Europe, an increasing need for cybersecurity services, advancements in GDPR service offerings such as automated compliance tools, and rising consumer trust concerning GDPR compliance.
The global optical sorter market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. The optical sorter is an automated method that allows the user to sort solid objects utilizing cameras, lasers, sensors, and the image processing system's software-driven intelligence. Through its use of it, the color, size, shape, structural qualities, and chemical makeup are all recognized. A growing focus on automation to increase productivity in various industries, increasing adoption in the food industry for food processing activities and for reducing process and delivery time, increase in wages of the manual workforce in various countries, and stringent government regulations regarding food safety all are factors that are driving the market growth.
Human augmentation market is anticipated to grow at a significant CAGR of 20.1% during the forecast period (2024-2031). The market growth is attributed to the advancements in virtual reality (VR) and augmented reality (AR) technologies that improve training, simulation, and real-time data visualization. Users can interact with digital information and objects in ways that enhance their experiences and skills, whether in the workplace, healthcare, or education. The increasing applications and adoption of human augmentation technologies are promoting global industry growth. According to great.gov.uk, from 2019 to 2024, it is expected there will be a 78.3% growth rate for spending on AR and VR in the UK. Growth is predicted to reach £62.5 billion by 2030.
Automotive automated parking system (APS) market is anticipated to grow at a CAGR of 16.7% during the forecast period (2024-2031). The growth of the market is driven by factors such as technological advancements, urbanization, and the need for efficient and sustainable parking solutions. It incorporates advanced sensors such as LIDAR, radar, and ultrasonic sensors, which enhance the accuracy and reliability of the parking system. Artificial intelligence and machine learning algorithms further improve performance, resulting in more efficient and safer parking solutions. With the increasing urban population and vehicle ownership, APS can effectively optimize space usage and contribute to improved urban mobility. Government policies and incentives also play a role in encouraging the adoption of APS, which not only reduces emissions but also optimizes land usage and offers a seamless user experience.
Enterprise information archiving market is anticipated to grow at a significant CAGR of 11.6% during the forecast period (2024-2031). Organizations continuously adopt archiving solutions for cost efficiency, digital transformation, regulatory compliance, data security, cloud adoption, and growing volumes of data. This handles data security, and lifecycle management of data, assists with GDPR, HIPAA, CCPA, and more, and makes available precise access to e-discovery procedures.
Defense integrated antenna market is anticipated to grow at a significant CAGR of 9.0% during the forecast period (2024-2031). Technical developments, higher defense spending, network-centric warfare, unmanned systems, geopolitical unrest, electronic warfare, satellite communication systems, defense infrastructure modernization, interoperability, and multi-domain operations are the main factors driving the need for integrated antennas in military operations. The developments boost unmanned aerial and ground vehicle performance, range, dependability, and communication and navigation capabilities.
The global autonomous forklift market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. The major factor driving the growth of the global autonomous forklift market during the forecast perio is the increasing complexities of product handling. Product handling is becoming important and complex in industries such as logistics and warehousing, among others which is rising the need for product safety which in turn is driving the growth of the market. Additionally, the rising need for smart logistics as well as better space utilization is also boosting the growth of the market during the forecast period.
Operational technology market is anticipated to grow at a significant CAGR of 6.5% during the forecast period (2024-2031). The adoption of operational tech (OT) solutions is being driven by factors such as increasing automation, IT/OT convergence, cybersecurity concerns, the need for real-time data and analytics, government regulations, and a focus on energy efficiency and sustainability. Companies are investing in these systems to enhance automation, monitor real-time data, and boost productivity. The rise of IIoT is transforming traditional OT environments by improving monitoring and predictive maintenance capabilities.
Knowledge process outsourcing market is anticipated to grow at a significant CAGR of 18.3% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as digital transformation, advanced analytics, and a shift towards cloud-based work platforms. Outsourcing companies are shifting towards cloud-based work platforms that help in reducing manual work and lead to work automation so the efficiency of employees is improved, which is supporting the growth of the knowledge process outsourcing market. The increasing adoption of cloud services and launches by players are gaining popularity in the market.
The global IT services outsourcing market is anticipated to grow at a significant CAGR of 6.9 % during the forecast period. The increasing adoption of cloud services and rising service launches by players are gaining popularity in the market. Outsourcing cloud services allow the IT team to focus on cloud workflows and applications that require attention. Outsourcing cloud services to managed service providers can potentially be cost-efficient that are attracting businesses to adopt cloud-based outsourcing services. For instance, in July 2021, Wipro launched Wipro’s full stride cloud services.
The global crowdsourced testing market is anticipated to grow at a significant CAGR during the forecast period. Crowdsource testing is also known as crowd testing and is the practice of sending out prototype software and products to the expert testers rather than testing internally. It has became an alternative for traditional testing due to the faster time to market. Additionally, it exploits the benefits such as effectiveness, and efficiency of crowdsourcing and the cloud platform. The major factor driving the growth of the global crowdsourced testing market during the forecast is the increasing number of devices coupled with the increasing operating systems as well as applications.
The global unmanned surface vehicle market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. One of the major factors that are projecting considerable growth in the market is the growing demand for water quality monitoring systems. Unmanned surface vehicles (USVs) are armed with various payload sensors which are used for oceanographic data mapping and research, primarily.
The global digital twin market is anticipated to grow at a considerable CAGR of around 40.2% during the forecast period. The emergence of industry 4.0 and IoT will fuel the growth of the global digital twin market. Industry 4.0 promotes production methodologies using advanced analytics technologies, such as analytics digital twin and digital scanning. The digital twin enables companies to detect physical issues sooner, predict outcomes more accurately, and build better products. Industries such as manufacturing, construction, healthcare, aerospace and others have been largely using digital twin as a solution for their asset and product lifecycle management.
The global consent management platform (CMP) market is anticipated to grow at a significant CAGR during the forecast period. Consent Management Platform (CMP) is a platform that is used by publishers to request, receive and store users' consent. It is also used to store the list of preferred vendors as well as with why they've been collecting the user's information and for updating the collected consents. The major factor driving the growth of the global CMP market during the forecast is growing concerns over consumer privacy coupled with the rising importance of building trust among users and ease of compliance policy across the globe.
The global non-fungible token market is anticipated to grow at a considerable CAGR of 10.6% during the forecast period. The non-fungible token is unique in its form, and there cannot exist another like it. A non-fungible token is a type of cryptographic token that represents a unique identity. These token can be digital or physical and includes items like sneakers, art, a plane ticket, a university degree, real estate, and in-game items for an online game.
The global market for insight engines is projected to have a considerable CAGR of around 23.2% during the forecast period. The Insight engine is a platform with cognitive capabilities. Insight engines enable users to search, discover and analyse both structured and unstructured data. Employees and customers use these tools to quickly and easily find information and data, whether that be content, documents, or raw data. Insight engines can be used by all businesses and departments that are shifting to a data-driven culture. One of the primary aspects driving this market's growth is the demand for enhanced search and access to in-depth insights.
The global facility management market is growing at a considerable CAGR of 13.5% during the forecast period. The major factor that is augmenting the growth of the global facility management is an increase in demand for facility management solutions integrated with intelligent software. Moreover, growing changes in the structure of an organization along with work management and growing adoption of the Internet of Things (IoT) are also estimated to be the other important factors that are contributing significantly towards the growth of the market. However, lack of awareness regarding facility management solution and services is major factors constraints that are hindering the growth of the global facility management market across the globe.
The global payment gateway market is anticipated to grow at a significant CAGR of 15.7% during the forecast period. The shifting financial services toward the cloud is the major factor driving the growth of the payment gateway market. Numerous banks across the globe are making efforts to enter into partnerships with payment gateway service providers to offer real-time payment facilities to consumers and merchants, without any physical contact.
The global market for palm vein biometrics is projected to have a considerable CAGR of around 22.1% during the forecast period. Palm vein biometrics is an effective contactless method that uses vascular patterns personal identification data. The palm vein technology is secure as the data is retrieved from the body and is therefore difficult to forge. The market of palm vein biometrics is likely to grow at a considerable pace during the forecast period attributing to an organization's increased need to protect confidential information and data to maintain its market position.
The global FDP market is anticipated to grow at a significant CAGR of 18.3% during the forecast period. The increased adoption of AI in banking and insurance sector is fuleing the FDP market globally. Businesses are taking advantage by using AI to detect fraud which enhances their internal security and simplify corporate operations due to which it has emerged as significant tool to avoid the financial crimes
The global cold plasma market is anticipated to grow at a CAGR of around 14% during the forecast period (2021-2027). Cold plasma is a technology that uses energetic, reactive gases to inactivate contaminating microbes. This flexible sanitizing method/technology uses electricity and a carrier gas, such as air, oxygen, nitrogen, or helium to contaminate microbes.
The global AML market is anticipated to grow at a significant CAGR of 15.2% during the forecast period. The increased adoption of AI and ML (machine learning) and advanced technologies in developing AML solutions will fuel the AML market. AI & ML help to identify and deactivate the 98% of cases that are false positives, due to which the adoption of AI & ML has increased in AML solutions.
The global operator training simulator market is anticipated to grow at a significant CAGR of nearly 9.8% during the forecast period. The major factor contributing to the growth of the market includes the rise in integration of high-end technologies such as artificial intelligence (AI), virtual reality (VR), cloud services, and augmented reality (AR), among others.
The global home standby gensets market is anticipated to grow at a significant CAGR of nearly 4.8% during the forecast period. The major factor that drives the market growth include rising issues of outage in developed countries across the globe due to the unpredictable weather conditions and aging electrical infrastructure.
The global fingerprint sensor market is anticipated to grow at a significant CAGR of 12.8 % during the forecast period (2021-2027). Fingerprint sensors refer to a key biometric technology that has been gaining widespread popularity in security areas.
The global nanorobotics market is anticipated to grow at a substantial CAGR of 11.4% during the forecast period. Nanorobotics application in tissue engineering, cellular aid in inflammatory responses, dental surgery, and other disciplines of the healthcare business are contributing to market growth.
The global telecom power systems market is anticipated to grow at a considerable CAGR of around 8.6% during the forecast period. The major factors that are contributing significantly to the growth of the market include the increasing mobile subscription that has increased the telecom tower installations and high demand for faster network and services.
The global electric ships market is anticipated to grow at a significant CAGR of around 11% during the forecast period. The market growth is attributed to the growing focus towards limiting the sulphur emission generated by the heavy powertrain system in ships vehicles due to use of fuel oils for powering the ship.
The global lithium-ion battery anode market is growing at a considerable CAGR of 18.2% during the forecast period. The growing adoption of lithium-ion batteries for industrial applications, increasing investment by companies in the R&D initiatives is considered as the prime factors affecting and driving the market.
The global HD maps for autonomous vehicles market is growing at a considerable CAGR of 30.2% during the forecast period. The Growing adoption of level 2 and level 3 ADAS attributes, increasing investment by companies in the development of HD maps is considered as the prime factors affecting and driving the market.
The global botnet detection market is expected to grow at a significant CAGR during the forecast period (2021-2027). Botnet detection has gotten a lot of attention from cybersecurity experts and tech companies all around the globe.
The global in-car gaming market is anticipated to grow at a significant CAGR of 2.2% during the forecast period. One of the major factors contributing to the growth of the in-car gaming market is the rapid technological advancements in the automobile industry.
The global smart glass market is expected to grow at a significant CAGR during the forecast period (2021-2027). Increasing legislative reforms for green buildings, such as LEEDS, the National Green Building Standard, Green Globes, and others, encourage commercial building owners to invest in smart energy-saving solutions like smart glass.
The global optical fiber jumper market is expected to grow at a significant CAGR during the forecast period (2021-2027). Fiber optic jumpers, also known as fibre patch cords, are flexible cables made up of single optical fibres that can be used to connect devices and systems that use optical fibre transmission.
The global industrial wireless vibration monitoring system market is expected to grow at a significant CAGR during the forecast period (2021-2027). Unnecessary human-mediated operations, such as manual inspections and unscheduled adjustments, are reduced via vibration monitoring.
The global automatic route control system market is expected to grow at a significant CAGR during the forecast period (2021-2027). The Automatic Route Control System (ARCS) is a self-contained automated system that directs the operation of a standard motor vehicle and manages tasks such as delivery or collection of commodities along predetermined routes.
The global tamping rammers market is expected to grow at a significant CAGR during the forecast period (2021-2027). The increasing population in Asian countries and their requirement to access modern facilities such as good transportation are considered as an opportunity for the global tamping rammers market.
The global image recognition in CPG market is expected to grow at a significant CAGR during the forecast period (2021-2027). The increasing need for efficient and profitable retail execution processes with adherence to compliance standards is one of the major factors expected to drive the growth of this market.
The global pyrometers market is expected to grow at a significant CAGR during the forecast period (2021-2027). A Pyrometer is a type of thermometer device that measures the high level of temperatures of an object with safe and non-contact applications.
High-performance computing market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. HPC is a practice of aggregating computing power that delivers higher horsepower than traditional computers and servers. It aids in processing huge volumes of data at very high speeds using multiple computers and storage devices. HPI has made advances in various fields such as precision medicine, fraud detection in fintech, personalized interest rates, business intelligence, and seismic analysis, among others.
The global vibration sensor market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Vibration sensors are the devices, that detect vibrations and convert them into an electric current.
The global LTE power amplifiers market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. The LTE power amplifiers are module integrated to convert a low-power signal to a higher-power signal.
The global dispersion compensating fiber market is expected to grow at a significant CAGR during the forecast period (2021-2027). Major drivers of the dispersion compensator market include increased use of dense WDM, higher data rates, use of optical add/drops, and greater distances required before signal regeneration.
The global federated learning solutions market is anticipated to grow at a significant CAGR of 10.5% during the forecast period. The rising penetration of mobile phones, wearable devices, and autonomous vehicles is generating new opportunities for the market by generating a wealth of data every day through modern distributed networks.
The global UAV sense and avoid system market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). UAV sense and avoid system is a sensor and controller-based technology integrated and installed in the key airframe of UAVs (unmanned aerial vehicles).
The smart city platform market is anticipated to grow at a significant CAGR during the forecast period. A smart city is a system that includes several facilities such as building automation systems, smart transportation systems, smart lighting systems, security and control systems, intelligent grids, renewable power, water treatment, and supply, etc.
The global military embedded systems market is estimated to grow at a significant CAGR during the forecast period. Several improvements in integrated circuits and processor technologies have led to a decline in the overall hardware costs related to embedded systems.
The global conveyor system market size is estimated to grow at a significant CAGR during the forecast period. Higher adoption of automation processes in various end-use industries and increasing demand for handling larger volumes of goods are the propelling factors that are estimated to accelerate the conveyor system market.
The global waterborne coatings market is estimated to grow at a significant CAGR during the forecast period. The growth in architectural and industrial applications particularly in residential and general industries is propelling the global waterborne coatings market.
The global vacuum filling machine market is anticipated to grow at a significant CAGR during the forecast period. Vacuum filling is a technology that is employed to fill pasty products in the package. The global vacuum filling machine market growth is propelled by the improvement in technology, rise in the industries like the pharmaceutical, cosmetic, and food industries.
The global OTN transport and switching equipment market is expected to grow at a significant CAGR during the forecast period 2021-2027. The OTN stands for the optical transport network. It is a group of networks connected with optical fibre links and called Optical Network Elements (ONE) applicable for long-range data transfer.
The global mobile payment technology market is expected to mobile payment technology grow at a significant CAGR during the forecast period 2021-2027. The is an alternate, reliable and modern technique of payment or transaction over a traditional payment system that mainly includes cash, credit cards and cheques as an intermediate to complete the payment activity.
The global hardware load balancer market is expected to grow at a significant CAGR during the forecast period 2021-2027. The hardware load balancer is also known as a hardware load balancing device (HLD).
The global marine gensets market is expected to grow at a significant CAGR during the forecast period 2021-2027. The marine gensets are portable or mobile devices that are applicable to generate energy and which further get converted to electrical energy by the device itself to provide supplementary power for the marine engines.
The global marine fuel injection system market is expected to grow at a significant CAGR during the forecast period 2021-2027. The marine fuel injection system is a complex management system that is implemented in various marine engines and is applicable in the custom boat, super boats, cargo vessels, and tankers among others.
The global marine engines market is expected to grow at a significant CAGR during the forecast period 2021-2027. The marine engine is a mechanical device that is applicable to serve the propulsion of marine vessels and watercraft.
The global marine engine monitoring system market is expected to grow at a significant CAGR during the forecast period 2021-2027. The marine engine monitoring system is remote control and sensor-based devices placed on an engine of various marine transports including powerboats, cargo ships, cruises among others to monitor the performance of the engine.
Automatic dependent surveillance-broadcast (ADS-B) market is anticipated to grow at a significant CAGR of 20.6% during the forecast period. Automatic dependent surveillance-broadcast (ADS-B) is defined as surveillance technology that enables air traffic control (ATC) and air to air communication or air traffic coordination through satellite navigation. ADS-B provides many benefits to both pilots and air traffic control that improve both the safety and efficiency of flightTraffic.
The global user activity monitoring (UAM) market is expected to grow at a significant CAGR during the forecast period 2021-2027. User Activity Monitoring (UAM) is an advanced solution that record and monitors the actions of a user. This UAM solution allows enterprises to track the complete activities performed by the employees.
The global user provisioning market is expected to grow at a significant CAGR during the forecast period (2021-2027). User provisioning is also known as account provisioning. It comprises a software system that provides the organization and businesses to manage data mainly user’s information available on various systems and applications with optimum security.
The global recommendation engine market is estimated to grow at a significant CAGR during the forecast period. The recommendation engine is a data filtering tool that uses machine learning algorithms to recommend the most relevant items to a user or customer.
The global mobile mapping market is estimated to grow at a significant CAGR during the forecast period. Mobile Mapping Systems are moving platform that combines multiple navigations and remote sensing technologies.
The global intelligent railways' transport system market is anticipated to grow at a significant CAGR during the forecast period. The intelligent railway transport system manages the railway sector and its various services using the latest in information technology and technical breakthroughs.
The Global Industrial Automation Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Because industry automation standardises industrial processes and assures consistent, high-quality outputs, it is in great demand in sectors that require dependable, high-quality production.
The global asset management and inventory management solution market is anticipated to grow at a significant CAGR during the forecast period. The inventory management system was created to assist firms in managing their inventories.
The global hardware OTP token authentication market is expected to grow at a significant CAGR of 18% during the forecast period (2021-2027). The major factors propelling the growth of the global hardware OTP token authentication market include the mobility factor of these hardware devices which remove the demand for identity management using external software and hardware.
The global haptic technology for the mobile devices market is expected to grow at a significant CAGR of 18% during the forecast period (2021-2027). The major factors propelling the growth of the global haptic technology for mobile devices market include the rising demand for smartphones and mobile phones and growing Internet of Things (IoT) penetration.
The global blended e-learning market is estimated to grow at a significant CAGR during the forecast period. Blended learning is a combination of learning at a distance and traditional on-campus learning (in a classroom).
The global performance monitoring module market is anticipated to grow at a significant CAGR during the forecast period. The adoption of wireless communication technology in machine condition monitoring, and deployment of automated condition monitoring, and the trend toward predictive maintenance of industrial machinery, are all major factors accelerating the growth of the global performance monitoring module market.
The global identity and access management market is anticipated to grow at a significant CAGR of 13.5% during the forecast period. The major factor driving the growth of the identity and access management market during the forecast globally is the increasing instances of security breaches and growing instances of identity-related fraud. According to the Federal Trade Commission (FTC), in 2020, identity fraud incidents increased by almost 45% incurring huge financial losses globally. For the same timeframe, ID thefts of more than one million children were reported by FTC. Furthermore, in 2021, around 1.4 million reports of identity theft were received by the FTC.
The global intelligent waste management system market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing waste generated globally.
The Global Indoor Payment Kiosk Market is expected to grow at a significant CAGR during the forecast period. Self-service kiosks are also becoming more common, particularly among those who prefer to bank through indoor payment kiosks rather than traditional banking.
The global lubricant and oil testing market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors propelling the growth of the global lubricant and oil testing market include rising demand to decrease the unscheduled downtime and increase the overall lifespan of the equipment.
The global space-based lasercom terminals market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing number of satellite launches globally. Since 1957, after the launch of the first satellite, Sputnik 1 more than 8,900 satellites have been launched.
The global network interface card market is estimated to grow at a significant CAGR the forecast period. A network interface card is a computer device that acts as a link between the computer and the internet.
The market for dark fiber networks is anticipated to grow at a significant CAGR during forecast period 2021 to 2027. The increasing tendency toward improved communication and network management, as well as the expanding prevalence of internet services, are some of the main contributing factors propelling the growth of the global dark fiber networks market.
The advanced server energy monitoring market is anticipated to grow at a significant CAGR during the forecast period (2021 to 2027). Advanced server energy monitoring is a software that provides a precise and real-time picture of a server's energy consumption.
Edge sensor market is anticipated to grow at a CAGR of 7.2% during the forecast period. The growth of the edge sensor market is attributed to the increasing demand for automation in factories and rising awareness about safety in industrial applications. Edge sensors are used to detect the presence of an object or edge along the perimeter of a workpiece. They are commonly used in industrial and manufacturing applications, where they can be used to automate tasks or improve safety.
The global market for powerline adapter is expected to grow at a significant CAGR during the forecast period (2021-2027). A powerline adaptor is a device that transmits communications signals across your home's electrical wiring.
The global market for lensed fiber is expected to grow at a CAGR during the forecast period (2021-2027). Lens Fibers are long, thin, translucent cells that are tightly packed and have diameters ranging from 4 to 7 micrometres and lengths of up to 12 mm.
The global core network terminal equipment market is estimated to grow at a CAGR during the forecast period. The major factor propelling the growth of the global core network terminal equipment market includes the partnerships with telecommunication companies for core network terminal equipment to test network and cybersecurity globally.
The global converged network adapter (CNA) market is estimated to grow at a CAGR during the forecast period. The major factor contributing to the growth of the global converged network adapter (CNA) market includes the technological advancements in the Small and Medium Enterprises (SMEs) and large enterprises.
The market for bot security solution is expected to grow at a CAGR during the forecast period (2021-2027). Bots or internet robots, often known as spiders, crawlers, and web bots, are internet-based software programmes that execute repeated tasks. Bots are divided into two categories asgood bots, and evil bots.
The global MR fluid market is projected to grow at a significant CAGR during the forecast period. MR fluid is a smart fluid used as a carrier fluid, which increases its viscosity in the presence of a magnetic field.
The global drone taxi market is projected to grow at a CAGR of XX% during the forecast period (2021-2027). The primary factor driving the market is its advantages including reduction in traffic congestion, increasing transportation efficiency, and reduction in the level of noise pollution.
The North America bathroom accessories market is growing at a significant CAGR of 7.8% during the forecast period (2021-2027). The market is set to display impressive growth during the forecast period with some key trends emerging, such as the adoption of smart bathrooms due to increase in trends of smart homes driven by continuously evolving end-user expectations.
The European bathroom accessories market is growing at a significant CAGR of 7.1% during the forecast period (2021-2027). The market is set to display impressive growth during the forecast period with some key trends emerging, such as the adoption of smart bathrooms due to an increase in trends of smart homes driven by continuously evolving end-user expectations.
The China bathroom accessories market is growing at a significant CAGR of 9.0% during the forecast period (2021-2027). The market is set to display impressive growth during the forecast period with some key trends emerging, such as the adoption of smart bathrooms due to increase in trends of smart homes driven by continuously evolving end-user expectations.
The Asia-Pacific bathroom accessories market is growing at a significant CAGR of 8.6% during the forecast period (2021-2027). The market is set to display impressive growth during the forecast period with some key trends emerging, such as the adoption of smart bathrooms due to increase in trends of smart homes driven by continuously evolving end-user expectations.
The global bathroom accessories market is growing at a significant CAGR of 7.6% during the forecast period (2021-2027). The major factors that are augmenting the growth of the bathroom accessories market include the increase in the number of residential and commercial buildings, increase in leisure travel and tourism spending leading to spending on quality lifestyle, and the trend of adopting more bathrooms in the single house.
The North American account payable automation market is anticipated to grow at a substantial CAGR of 9.2% during the forecast period. The market is set to display impressive growth during the forecast period with some key trends emerging, such as the increased aptness of automation payment systems and the rise in presence of the number of the vendor in the region.
The European account payable automation market is anticipated to grow at a substantial CAGR of 8.6% during the forecast period. The market is set to display impressive growth during the forecast period with some key trends emerging, such as the increasing shift towards automation systems and the rise in presence of the number of the vendor in the region.
The Asia-Pacific account payable automation market is anticipated to grow at a substantial CAGR of 11.0% during the forecast period. The market is set to display impressive growth during the forecast period with some key trends emerging, such as the increasing advancement in technology, adoption of paperless and cost-effective automated payable solutions, and the rise in of several vendors to explore the opportunity in the region.
The global account payable automation market is growing at a considerable CAGR of 10.2% during the forecast period. Increasing demand to enhance payment process and controlling user access is one of the prime factors affecting and driving the market.
The critical infrastructure protection market is projected to grow at a considerable CAGR of around 9% during the forecast period (2020-2026). Cohesive government support for critical infrastructure protection is a key factor driving the growth of the global critical infrastructure protection (CIP) market.
The
global 3D reconstruction market is projected to grow at a considerable CAGR of around
8% during the forecast period (2020-2026). 3D reconstruction technology can be
used in many applications that art analysis and restoration, phenotype
analysis, film, art analysis and restoration, and designing of game graphics,
among others across the end-users.
The global electron guns market is estimated to grow at a significant CAGR during the forecast period. The electron gun is the major component of electron beam welding (EBW) machines. The function of an electron gun is to produce a focused beam of a high-speed electron with a velocity between 0.3 to 0.7 times of light.
North America micro welding market is estimated to grow at a significant CAGR during the forecast period. A significant rise in the aerospace industry is contributing to the demand for micro welding in the region. The US aerospace manufacturers are highly competitive across the globe.
India micro welding market is estimated to grow at a significant CAGR during the forecast period. Expansion of automobile and electronics production is the major factor contributing to the market growth in the country. As per the India Brand Equity Foundation (IBEF), domestic production of automobiles grew at nearly 2.4% CAGR during the period, 2016-2020 with nearly 26.4 million vehicles being produced in the country in 2020.
Europe micro welding market is estimated to grow at a moderate CAGR during the forecast period. Significant production of motor vehicles is the major factor contributing to the market growth. As per the European Automobile Manufacturers Association (ACEA), 19.2 million motor vehicles were produced in the European Union in 2018, or some 20% of the 98.1 million motor vehicles produced across the globe.
Asia-Pacific micro welding market is estimated to grow at a significant CAGR during the forecast period. Significant production of electrical & electronic products is primarily driving the demand for micro welding machines in the region.
The global micro welding market is estimated to grow at a moderate CAGR during the forecast period. Micro welding is referred to as a precision welding which is utilized to integrate different small parts. It is a careful type of welding that requires an expert welder.
The US electron-beam welding (EBW) machine market is estimated to grow at a CAGR of around 6.9% during the forecast period. Pivotal factors that augment the growth of the market include well-developed energy and power sector coupled with the soaring natural gas production.
UK electron-beam welding (EBW) machine market is estimated to grow at a CAGR of around 7.0% during the forecast period. UK EBW machine market has witnessed potential growth owing to the significant production of vehicles in the country.
North America electron-beam welding (EBW) machine market is estimated to grow at a CAGR of nearly 7.3% during the forecast period. Major factors that augment the growth of the market include well-developed energy and power sector, increasing natural gas production, and growing adoption of EBW machines in the automotive and aerospace industries.
India electron-beam welding (EBW) machine market is estimated to grow at a CAGR of over 8% during the forecast period. India is continuously working to become a major country in technological development and industrialization.
Germany electron-beam welding (EBW) machine market is estimated to grow at a CAGR of over 7.0% during the forecast period. Rising manufacturing and the automotive sector is primarily contributing to the growth of the market.
France electron-beam welding (EBW) machine market is estimated to grow at a CAGR of over 7.5% during the forecast period. The developed aviation and defense sector is one of the major contributing factors to the growth of the market. Safran group is one of the major companies with operating headquarters in the country.
The European electron-beam welding (EBW) machine market is estimated to grow at a CAGR of nearly 7.1% during the forecast period. The growth in the aerospace and automobile industry in the region is the major contributor to the market growth.
China electron-beam welding (EBW) machine market is estimated to grow at a CAGR of around 8.0% during the forecast period. Rising industrialization is primarily driving the demand for EBW in the country. Announced in 2015, the “Made in China 2025” is one of the ambitious projects aimed at increasing the competitiveness of Chinese manufacturing industries including electronics, chemical, automotive, among others.
Asia-Pacific electron-beam welding (EBW) machine market is estimated to grow at a CAGR of over 7.0% during the forecast period. The market growth is mainly attributed to the growing automotive and aerospace manufacturing industry in the region. EBW machines are largely utilized as a fusion joining process in industrial applications including joining of aerospace components.
The animation and VFX market is estimated to grow at a considerable CAGR of around 10% during the forecast period (2020-2026). The growing usage of the animation and VFX technology by the end-user verticals is a key factor promoting the growth of the animation and VFX market across the globe.
The global market for image recognition in retail is projected to have considerable CAGR during the forecast period. The market growth mainly driven by the increasing application in a wide range of application such as vision analytics, marketing & advertising and others in retail industry.
The construction robot market is projected to grow at a considerable CAGR of more than 12% during the forecast period (2020-2026). The significant rise in the demand for automation in the construction industry is a key factor that is anticipated to drive the global construction robot market. Traditional construction activities such as material handling, dispensing, welding, packing, cutting and packing can be fully automated by the use of robotic technology.
The global market for access control is estimated to have significant CAGR of around 8.7% during the forecast period. The market is mainly due to growing adoption of access control systems in commercial and residential applications coupled with crime rates across the globe.
The global smart sensors market is growing at a significant CAGR of around 18.2% during the forecast period (2020-2026). The market for smart sensors is driven by rising adoption of smart sensors across consumer electronics, security and surveillance, healthcare, and automotive industry.
In the wake of COVID-19, there has been a significant growth witnessed in the thermal scanner market. The prime factors that fueled the market growth before the pandemic includes high demand across a broad range of application areas across the commercial as well the as residential sector.
The global VR market was $5.0 billion in 2018 and is expected to grow at a CAGR of over 30% during the forecast period 2019-2025. The VR market is mainly driven by the enhanced features of the technology, it has improved the performance of 3D multimedia.
The global unmanned surface vehicle (USV) market is estimated to grow at a CAGR of nearly 14.0% during the forecast period. Some key factors encouraging the market growth include rising defense contracts for unmanned surface vehicles, significant rise the demand for maritime security, and increasing investment in the oil and gas industry.
Selective laser sintering (SLS) technology market is projected to grow at a considerable CAGR of around 12% during the forecast period. The increase in demand for 3D printing in aerospace & defense, automotive, medical & dental, and other industrial sectors coupled with the advantage of using SLS technology is the key driver of the market growth.
The global humanoid robot market is anticipated to showcase considerable growth during the forecast period. There are various key factors that are attributing to the growth of the global humanoid robot industry such as the increase in demand for humanoid robots from the hospitality industry, an increase in usage of humanoid robots in education and research purposes, and significant technological advancements in robotics.
The global cryptocurrency market is estimated to grow at a CAGR of over 7% during the forecast period. The global cryptocurrency market is boosting due to several factors including distributed ledger technology (DLT), an increase in money orders in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments.
The blockchain identity management market is anticipated to grow at a CAGR during the forecast period. The factor such as a rise in the need to establish transaction transparency between parties is the major factor that fuels the market growth for the blockchain identity management industry. Blockchain identity management offers real-time information regarding the particular person that allows industries such as retail, healthcare, and banks among others to verify their identity for any kind of identification.
The global smart factory market is estimated to grow at a significant CAGR of XX% during the forecast period. The market for the smart factory is growing due to the increasing adoption of machine learning and deep learning technologies by the manufacturing sector for smart manufacturing and supply process.
The global digital utility market is estimated to grow at a significant CAGR of XX% during the forecast period. The market is mainly driven due to the increasing use of unpredictable renewable energy sources in power generation which has caused an imbalance of energy demand and supply.
Contactless payment market is anticipated to grow at a considerable CAGR of 20.1% during the forecast period (2023-2030). The market is expected to increase due to the increasing usage of innovative payment technologies such as host-based card emulation (HCE) and near field communication (NFC) for contactless payments. Additionally, a huge surge in digitization and e-commerce platforms throughout the globe is propelling the contactless payment market forward.
The European digital banking market is estimated to grow at a significant growth rate of 8.2% over the forecast period to hit over $10.0 billion in 2025 from nearly $6.0 billion in 2018. European countries are considered to be significant markets for digital banking as these countries provide a positive environment for various digital banking platforms.
The Germany digital banking market is estimated to grow at a significant growth rate of 8.8% over the forecast period to hit over $2.4 billion in 2025 from nearly $1.3 billion in 2018. The German economy lost momentum considerably in 2018.
The Italy digital banking market is estimated to grow at a significant growth rate of 7.0% over the forecast period to hit over $760 million in 2025 from nearly $500 million in 2018. Italy is considered as the potential market for digital banking.
UK digital banking market is estimated to grow at a significant growth rate of 8.4% over the forecast period to hit over $2.5 billion in 2025 from nearly $1.5 billion in 2018. UK is one of those countries where transaction methods are rapidly evolving with the digital technology being one of the supporting pillars for this transformation of financial services.
The Asia-Pacific digital banking market is estimated to grow at a significant growth rate of around 10.0% over the forecast period to hit over $14.0 billion in 2025 from nearly $7.5 billion in 2018. Asia-Pacific is the fastest-growing region in the ICT sector due to its rapid transformation towards digital economies.
Denmark digital banking market is estimated to grow at a significant growth rate over the forecast period. Denmark is moving towards digitalization at a rapid pace due to governmental support and private investments. The country is focused on digitalization in various sectors including finance and banking.
The France digital banking market is estimated to grow at a significant growth rate of 8.1% over the forecast period to hit over $1.8 billion in 2025 from nearly $1.1 billion in 2018. After a strong year in 2017, GDP growth in France slowed to 1.7% in 2018, from 2.4% in 2017, according to the France Banking Federation.
The Indian digital banking market is estimated to grow at a significant growth rate of around 11.5% over the forecast period to hit over $1.4 billion in 2025 from nearly $680 million in 2018. India is one of the major contributors to the digital banking market owing to technological advancement and the growing use of AI-based banking solutions across multiple business sectors.
The Japan digital banking market is estimated to grow at a significant growth rate of around 8.6% over the forecast period to hit over $3.4 billion in 2025 from nearly $2.0 billion in 2018. Japan is one of the largest Asian economy.
The Middle-East and Africa digital banking market is estimated to grow at a significant growth rate of 6.5% over the forecast period. In the Middle East and Africa, banks are rapidly raising the adoption of opportunities presented by fintech and digital banking companies.
The Spain digital banking market is estimated to grow at a significant growth rate of 6.8% over the forecast period to hit over $660 million in 2025 from nearly $430 million in 2018. The banking industry is one of the sectors that contribute to the economic growth of the country.
The Latin American digital banking market is estimated to grow at a significant growth rate of 7.3% over the forecast period. The mobile networks have been the key enabler to bring connectivity to the country through a government program for promoting universalization of the internet in Brazil.
The European beacon technology market is estimated to grow at an impressive rate during the forecast period. The beacon technology market in Europe is segmented into UK, Germany, Italy, Spain, France, and Rest of Europe.
The Germany beacon technology market is estimated to grow at an impressive rate during the forecast period. Increasing implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a pivotal role in the market growth in the region.
The North American beacon technology market is estimated to grow at an impressive rate during the forecast period. The wide adoption of beacon-based technology coupled with the significant presence of market players such as Google LLC and Apple Inc. in the region is augmenting the growth of the North America beacon technology market.
The US beacon technology market is estimated to grow at an impressive rate during the forecast period. The wide adoption of beacon-based technology coupled with the significant presence of market players such as Google LLC and Apple Inc. in the country is augmenting the growth of the US beacon technology market.
France beacon technology market is anticipated to grow at a significant growth rate during the forecast period. Increasing implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a pivotal role in the market growth in the region.
Italy beacon technology market is anticipated to grow at a significant growth rate during the forecast period. Increasing implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a pivotal role in the market growth in the region.
Spain beacon technology market is anticipated to grow at a significant growth rate during the forecast period. Increasing implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a pivotal role in the market growth in the region.
UK beacon technology market is estimated to grow at an impressive rate during the forecast period. Increasing implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a pivotal role in the market growth in the region.
The Asia-Pacific beacon technology market is estimated to grow at an impressive rate during the forecast period. Beacon is a small device, which when connected to smart devices such as smartphones through Bluetooth and Wi-Fi, enables a notify accurate location within a narrow range than GPS and Wi-Fi proximity.
US smart elevators market is estimated to grow modestly at a CAGR of 14.3% during the forecast period. The market for smart elevators in the US has several driving factors, which includes the keen focus of the country towards the deployment of advanced infrastructure, demand for energy-efficient solutions and intelligent buildings and the presence of major market players such as Otis Elevator Co., Johnson Controls Inc., and Motion Control Engineering, Inc., among others.
UK smart elevators market is estimated to grow considerably at a CAGR of 15.0% during the forecast period. UK contributes a major share in the smart elevators market due to the rising urbanization in the country. As per the World Bank, urbanization has been increased to around 83.4% in 2018 as compared to 78.6% in 2000, with a subsequent increase in population in the same period.
North American smart elevators market is estimated to grow significantly at a CAGR of 14.2% during the forecast period. North America is projected to be the most opportunistic region in the global smart elevators market during the forecast period. This is due to the increasing development of eco-friendly construction activities and the government initiates in the development of smart city projects.
India smart elevators market is estimated to grow modestly at a CAGR of 14.8% during the forecast period. India is one of the key emerging economies in the Asia-Pacific region in the smart elevators market, owing to tremendous growth in the infrastructure and cohesive government policies. To accelerate buildings construction in the country, the Indian government has chosen to come up with a single-window clearance facility to allow speedy approval of construction projects.
Germany smart elevators market is estimated to grow considerably, at a CAGR of 14.2% during the forecast period. Germany is estimated to contribute significantly in the European market over the forecast period owing to significant growth in the building & construction industry across the country. The urbanization rate in the country is showing a flat growth in some years. In Germany, the housing market is facing strong demand fueled by rising incomes, low-interest rates as well as high levels of net migration.
France smart elevators market is estimated to grow considerably, at a CAGR of 14.2% during the forecast period. France is one of the most technologically advanced and modern countries, globally. The high urbanization rate in the country may augment the demand for high-rise buildings in the country. Courbevoie, Puteaux, and Paris are the major center for the construction of a skyscraper in the country.
European smart elevators market is estimated to grow modestly, at a CAGR of 13.8%, during the forecast period. Europe is one of the major regions in the smart elevator market. The major economies that contribute to the growth of the European smart elevators market include UK, France, Germany, Italy, and Spain.
China smart elevators market is estimated to grow modestly at a CAGR of 14.8% during the forecast period. China smart elevators market has reported potential growth in Asia-Pacific smart elevators market. The major factors contributing to the growth of the market in the country include significant skyscraper building projects and rapid urbanization in the country. As per the World Bank, there were 59.2% of the total population in China lives in urban areas.
Asia-Pacific smart elevators market is estimated to grow significantly, at a CAGR of 14.7% during the forecast period. Asia-Pacific smart elevators market occupied a major share in the global smart elevators market, owing to the rising installations of smart elevators across commercial and residential buildings coupled with the skyscraper projects in the region.
European progressing cavity pumps market is expected to witness a significant growth with the CAGR of 6% during the forecast period. Progressing cavity pumps are based on a positive displacement principle and are primarily designed for abrasion resistance in difficult pumping applications for a broad range of liquids and semi-solids such as crude oil, chemicals, slurry and so on.
North American progressing cavity pumps market is expected to witness a significant growth with the CAGR of 5% during the forecast period. Progressing cavity pumps are based on a positive displacement principle and are primarily designed for abrasion resistance in difficult pumping applications for a broad range of liquids and semi-solids such as crude oil, chemicals, slurry and so on.
UK progressing cavity pumps market is expected to witness a significant growth with the CAGR of 6% during the forecast period. Progressing cavity pumps are based on a positive displacement principle and are primarily designed for abrasion resistance in difficult pumping applications for a broad range of liquids and semi-solids such as crude oil, chemicals, slurry and so on.
US progressing cavity pumps market is expected to witness a significant growth with the CAGR of 5.1% during the forecast period. Progressing cavity pumps are based on a positive displacement principle and are primarily designed for abrasion resistance in difficult pumping applications for a broad range of liquids and semi-solids such as crude oil, chemicals, slurry and so on.
The European smart water management market is estimated to grow at a CAGR of 12.9% during the forecast period. In 2018, the European smart water management market was valued at nearly $2.1 billion to reach nearly $4.8 billion in 2025. Europe is a significant contributor to the global smart water management market owing to its stringent government regulations coupled with increasing infrastructures.
The Japan smart water management market is estimated to grow at a CAGR of 14.7% during the forecast period. The emerging focus on smart water management systems has been witnessed in Japan owing to its adoption in some progressing utilities and heavy snow areas and research projects for smart water management in the country.
North American smart water management is anticipated to grow at a CAGR 11.7% during the forecast period. North America has the highest market value in the global smart water management market. This market value is mainly driven by well-developed water resources infrastructure and information and communication technology (ICT) industry.
The Indian smart water management market is estimated to grow at a CAGR of 16.4% during the forecast period. The adoption of smart water management systems in India is estimated to witness optimistic growth owing to the government initiatives for water management and focus on smart city mission. Some water management projects have been reported over the decades.
The Germany smart water management market is estimated to grow at a CAGR of 12.5% during the forecast period. Germany is projected to have considerable growth in the smart water management market due to increasing adoption of the advanced management systems for water management, government initiatives for the adoption of smart solutions.
The China smart water management market is estimated to grow at a CAGR of 13.4% during the forecast period. China is one of the major countries that are significantly facing water scarcity concerns. As per the World Bank, despite being the world’s second-largest economy and being home to 21% of the global population, China has only 6% of the world’s freshwater resources.
The UK smart water management market is estimated to grow at a CAGR of 11.9% during the forecast period. UK smart water management is expected to have significant growth rate due to its planned water management hierarchy, the country ensures to manage the water collected in an organized manner in order to reduce the water wastage efficiently.
Latin America is expected to grow owing to need for conservation of water resources. Water utilizes and water regulatory authorities across the globe need to proactively adopt smart technology solutions to streamline their operations. In the Latin America, most of the south west region has been witnessing water scarcity owing to dry desserts.
The Asia-Pacific smart water management market is estimated to grow at a CAGR of 14.3% during the forecast period. In 2018, the Asia-Pacific smart water management market was valued at around $1.2 billion and is further estimated to reach nearly $3.2 billion in 2025.
The US smart water management market is estimated to grow at a CAGR of 11.5% during the forecast period. The US is the leading smart water management market in the North America region. The country has a huge potential for the growth of the US smart water management market. The US is the largest economy across the globe.
The Germany Smart Lock is anticipated to grow at a CAGR 10.4% during the forecast period. The reasons which will augment the growth of Germany smart lock market such as government rules & regulation and investment in public security. The need to well-developed infrastructure will support the growth of the market too in the coming future.
The European Smart Lock is anticipated to grow at a CAGR 10.0% during the forecast period. As per Center Intelligence Agency, the population of European Union in 2017 was 516 million. Germany, France and the UK have largest population and economy in Europe. The major countries which will contribute in the European smart lock market are the UK, Germany, France, Italy and Spain.
The Indian Smart Lock is anticipated to grow at a CAGR 11.1% during the forecast period. Technological and healthcare services are the major source of economic growth of the country due to the large English-speaking population, which in turn, becomes a chief exporter of IT services, outsourcing services, and software workers across the globe.
The Asia-Pacific Smart Lock is anticipated to grow at a CAGR 10.6% during the forecast period. The Asia-pacific smart lock market is propelling at a significant rate across the globe. The large smartphones consumer base along with the wide availability of internet in the emerging economies of the region, particularly in India, China, and Japan, is majorly propelling the adoption of Asia Pacific smart lock.
North American Smart Lock is anticipated to grow at a CAGR 10.3% during the forecast period. The major factor that are augmenting the North American smart locks market include high penetration of smartphones and other connected devices and safety concern coupled with increasing crime rates.
The US Smart Lock is anticipated to grow at a CAGR 10.4% during the forecast period. The US smart lock market has a significant potential growth due to adoption of smart homes and increasing safety concerns coupled with increasing crime rates. According to the World Bank, United States is the largest economy in the World.
The UK Smart Lock is anticipated to grow at a CAGR 10.2% during the forecast period. The factor such as Increasing crime rates, high burglaries rate, investment of the government in security and surveillance of public places and government infrastructure will surge the adoption of advanced security systems such as smart locks. Thus, propels the growth of the UK smart lock market during the forecast period.
The global wireless fire detection systems market is estimated to grow significantly at a CAGR of 6.8% over the forecast period. Wireless fire detection systems are advanced categories of mass notification systems that are used to alert people about the impending activity so that a safe exit or precautional measures can be taken.
European ceramic coatings market is
estimated to grow at a CAGR of around 5.6% during the forecast period. The
significant presence of major automobile companies, including Volkswagen,
Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, and Continental AG, is
supporting to drive the demand for ceramic coatings for automotive applications
in the region.
North American ceramic coatings market is
estimated to grow at a CAGR of around 6.4% during the forecast period. Favorable government schemes and increasing demand for
passenger and commercial vehicles is primarily contributing to the growth of
the market.
UK ceramic coatings market is
estimated to grow at a CAGR of around 6.5% during the forecast period. Rising
solar photovoltaic (PV) installations are expected to drive the demand for
ceramic coatings. As per the UK government, by the end of November 2019, there
is a total 13,306 MW installed capacity across 1,022,716 installations.
US ceramic
coatings market is estimated to grow at a CAGR of around 6.5% during the
forecast period. Increasing investment in ceramic matrix composites is offering
an opportunity for the growth of the market. For instance, in August 2018,
General Electric declared that it is working on the development of ceramic
matrix composites (CMCs) for its new LEAP gas turbine engine.
Global digital forensics market is expected to grow with a CAGR of 10.9% during the forecast period of 2019-2025. Digital forensics is a branch of investigation to detect crimes & attacks and investigate by collecting, identifying and validating the digital information.
Global 3D scanning market is growing at a CAGR of 10.5% during the forecast period. The market growth is attributed to the high demand for quality inspection in industries such as aerospace and defense, architecture and engineering, and automotive. 3D scanning is a procedure that captures the 3D attributes of an object along with information.
Radiation dose management market is anticipated to grow at a CAGR of 12.5% during the forecast period (2024-2031). Radiation dose management involves creating and implementing systems and software to monitor, record, and analyze the amount of radiation patients receive during diagnostic and therapeutic procedures. The market is growing owing to factors such as strict regulatory requirements and standards for radiation monitoring, increased awareness of radiation exposure risks, advancements in imaging technology, upgrades to hospital and imaging center equipment, and a greater focus on patient safety and quality care.
The global mixed reality headsets market is estimated to grow significantly, at a CAGR of over 30%, during the forecast period. Mixed reality combines the experience of both virtual reality (VR) and augmented reality (AR), where it just not overlays it also anchors virtual objects to the real world.
The global AOI System
market is projected to grow at a significant CAGR of over 15% during the
forecast period. The market is driven by the increasing manufacturing services
in consumer electronics services and growing trend of advanced technology-based
electronics products across the globe.
The global DDoS protection and mitigation market is projected to have a significant CAGR of 10.3% during the forecast period. The market growth is attributed to the increasing internet penetration across the globe and technological advancement in DDoS protection and mitigation technology.
The global call center AI market is projected to have a significant CAGR of 23.5% during the forecast period. The market growth is mainly driven by the growing adoption of AI in enterprises coupled with increasing consumer data in retail & e-commerce. This AI technology is being embedded for customer support in various sectors including, IT and Banking, financial services and insurance (BFSI), retail, and others.
The global beacon market is expected to witness double digit growth of over 30% over the forecast period. Beacons are small devices that enable to notify accurate location within a narrow range than GPS and Wi-Fi proximity. Beacons comprise Bluetooth technology that requires less energy and offers the shop owner and retailer to track the consumer activity, which in turn, improves their business.
Tennis ball machine market is anticipated to grow at a CAGR of 5.2% during the forecast period (2024-2031). The growth of the tennis ball machine market is attributed to the increasing popularity of tennis, the need for reliable training equipment in tennis academies and clubs, advancements in technology, and the rising disposable income of consumers. Additionally, the demand for luxury tennis ball machines is driven by affluent consumers who seek enhanced features and superior performance. Furthermore, the availability of e-commerce platforms has expanded the global reach of tennis ball machines.
Near-infrared imaging market is anticipated to grow at a CAGR of 12.1% during the forecast period (2024-2031). Near-infrared (NIR) imaging is a medical imaging technology that utilizes near-infrared light to visualize structures and functions within the body, aimed at providing detailed images of internal organs, tissues, and blood flow. Further, market growth is driven by the rising prevalence of chronic diseases, advancements in NIR (near-infrared) imaging technology, integration with other modalities such as CT scans and MRIs, among others, increasing utilization in research work, and growing investment in modernizing healthcare infrastructure.
The global augmented reality market is estimated to grow at a CAGR of 31.0% during the forecast period (2019-2025). The market growth is attributed to technological advancement and increasing investment in the augmented reality industry.
Hyperspectral imaging market is anticipated to grow at a significant CAGR of 11.7% during the forecast period (2024-2031). The market growth is attributed to the growing use of hyperspectral photography systems in several industries, including healthcare, defense, food, and mining industries for enhanced night vision and remote sensing. The ongoing technological developments are expected to increase product uptake, including improvements in sensor design, high spectral and spatial resolution, and compact and lightweight devices driving the growth of the market. According to the World Economic Forum, in May 2024, the market for hyperspectral imaging is predicted to be worth $47.3 billion by 2032.
Economizer market is anticipated to grow at a significant CAGR of 11.4% during the forecast period (2024-2031). The market growth is attributed to the economizers are increasingly being utilized in a variety of applications, including power plants, data centers, boilers, heating, ventilation, and air conditioning (HVAC), and others driving the growth of the market. According to the US International Trade Commission, in May 2021, there were nearly 8,000 data centers globally. Among these countries, six houses a majority of data centers, the US (33.0%), the UK (5.7%), Germany (5.5 %), China (5.2 %), Canada (3.3 %), and the Netherlands (3.4%).
The global conditional access systems (CAS) market is anticipated to grow at a significant CAGR of 8% during the forecast period. The pivotal factors that are contributing to the growth of the market include access to content eclipsing the ownership of content, rising digital TV demand, and increasing advancements in the broadcast media industry. To control digital content delivery, conditional access systems (CAS) software is implemented, as it provides customized solutions across growing product segments.
The global EBW machine market is anticipated to grow considerably at a CAGR of 7.3%, during the forecast period. The market growth is mainly driven by increasing adoption of the precision technologies in the industrial welding industry.
Pressure control
equipment market is growing moderately at a CAGR of 4.8% attributed to its
significant application in the oil and gas industry. Pressure control equipment
is used to maintain the optimal pressure level inside a wellbore during
intervention operation.
Zero liquid discharge
system utilizes advanced technological water treatment process, with the goal
of discharging no liquid effluents into surface water, in order to limit environmental
pollution associated with the water treatment process. The system separates
salts from the water and recovers most of the water for re-use; resulting in
the zero discharge of water.
Coordinate measuring machine (CMM) market is growing significantly
during the forecast period. CMM is used for the measurement of the
physical characteristics of an object in all three dimensions (3D). The
growth of the CMM market is driven by rising demand of reverse
engineering in various industries such as automotive, heavy machinery,
and plastic.
The global wireless display market is expected to have
significant growth in the near future. Wireless display technology
allows users to connect to compatible devices such as a laptop, tablet
or smartphone to stream videos, music, films, and apps to larger
screens. The technology now supports the much better resolution and 4K
content that drives the adoption of wireless display.
The global smart fabrics market is expected to rise at
significant CAGR during the forecast period. Smart fabrics are also
referred to as electronic textiles, smart textiles, or E-textiles.
Advancement in technology allows developing new capabilities in apparel,
technology, and textile industries. They are distinguished from normal
textiles by their ability to grow, match, transform, and even conduct
energy, adding value to the wearer.
The level transmitter provides continuous and non-physical contact level to measure the level of the liquid within a container. It can measure solution level in both clean as well as harsh situations in a range of end-use industries such as chemical, material handling, water treatment, and food & beverages, among others.
Unmanned Traffic Management (UTM) is a solution which is designed to view, assess and manage the air traffic. The system helps in preventing possible crashes and other hazards which occur due to the moving drones and other aerial vehicles.
Smart elevators are very different than ordinary elevators. It contains various technologies for security and system controls such as biometrics and access control systems. These features help in reducing waiting time for customers and enhance traffic management efficiencies.
Attitude and heading reference systems (AHRS) comprises sensors on three axes to offer attitude information for aircraft and marine system. It is used for the purpose of navigation and to calculate the speed and arrangement of an aircraft, which includes its heading, yaw, and attitude.
Digitization is transforming the financial services industry as financial industry is effectively leveraging digital technologies to innovate and improve the customer experience. Digitization in banking incorporates high levels of automation process and web-based services.
The global light field market is expected to expand at a significant rate over the forecast period. Major factors augmenting the market growth include its extensive application in various verticals such as aerospace & defense, healthcare, media and entertainment, architecture and engineering, and others.
The nanomechanical testing market is gaining traction across various industry verticals owing to the rapid technological advancement in micro-electro-mechanical systems (MEMS). The nanomechanical testing system depends on the precise measurement of the deflections and forces in the testing objects.
According to analysis the Near Infrared
Imaging market is expected to grow with a CAGR of 9% during 2017-2022.
The pivotal factors contributing in the growth of Near Infrared Imaging
market includes no radiation risk as compare to other technology,
increase in number of chronic disease, high spatial resolution, real
time display & portability.
Trace metals analysis is a method of detecting and identifying low levels of metals in a sample which can be critical to product development, quality control and regulatory compliance. With the determination of trace levels of metals in samples, contaminants can be identified, and important data can be provided to aid process improvement as well as chemical product formulation development.
The report includes the types of kiosks, their deployment type, and their end-user across different regions globally. The Interactive kiosks market is surging at a significant pace owing to the rapid adoption of artificial intelligence (AI), machine learning, and extensive use of IP-based devices. Interactive kiosks are generally computer terminals that involve human-machine interactions which contains sets of information in a structured method.
AI in drone market is expected to grow at a moderate rate during the forecast period 2019-2025. Advancements in technology have led many industries to improvise in their fields globally. AI in Drone is one of those advancements which will enhance the operations of various industries across the globe.
Serverless architecture is an architecture which enables a user to develop and run applications and services without the infrastructural management. The serverless architecture allows a user to run applications, databases, and storage systems without any requirement to supply, scale, and maintain servers.
Smart water management is defined as a process of collecting, sharing and analyzing data from water equipment and networks. The system is useful in locating leaks in reservoirs, lowering energy use, and predicting equipment failure. The depletion of water resources has brought up awareness among the people for proper management to reserve water.
Progressing cavity pumps market is
expected to grow at a significant rate during the forecast period
2019-2025. Progressing cavity (PC) pumps are based on a positive
displacement principle and is primarily designed for abrasion resistance
in difficult pumping applications. It can be used while the pumping
application is not appropriate with the use of a centrifugal pump.
Non-destructive testing is used for the inspection of different materials and components without changing or destroying the material effectiveness. The testing is used in each step of the item construction. This method is useful in flaw detection, leak detection, stress measurement, inspection, and potential damage evaluation among others.
Digital signage market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period. Digital signage offers numerous advantages over traditional printed signage, including greater flexibility, interactivity, and customization, which increases its demand in the market. As businesses and organizations seek to leverage digital technology to enhance their marketing and communication efforts, the demand for digital signage solutions has grown.
Millimeter wave technology market is expected to grow at a significant rate during the forecast period 2019-2025. Millimeter wave is extremely high-frequency wave band that occupies spectrum ranging between 30 GHz to 300 GHz. Millimeter wave technology is supporting the emerging 5G services across the globe.
The global military simulation and virtual training market is estimated to grow at a considerable CAGR during the forecast period. The adoption of simulation-based training techniques is increasing to ensure safety and cut down training costs.
PIAM is a security-based technology that offers authentication, authorization and provisioning services to control access to doors and other physical environments.
The global paper-thin display market is growing at a considerable CAGR of around 21.3% during the forecast period. The paper-thin display is used in smartphones, tablets, notebooks to sustenance color filters for organic LCD and LED. Digital advertising turns out to be more eye-catching and impressive with the use of the paper-thin display.
Image recognition market is expected to grow at a
significant rate during the forecast period 2019-2025. Image recognition
is the technique of harnessing data about any object, person, place,
and various other things. It provides assistance to the machine in order
to identify the data and to perform a machine-based visual task. The
technique is related to artificial intelligence and machine learning in
various applications for data mining.
The global transparent display market is anticipated to grow at a significant CAGR of 7.4% during the forecast period. Transparent displays are used in augmented reality, digital signage, smartphones, wearable, gaming consoles, military, and retail. Transparent displays are becoming popular in virtual reality and other applications including displays in shopping malls, computer screens, and gaming consoles. Moreover, technological advancement and an increase in the use of transparent displays are contributing to the growth of the transparent display market. However, higher costs associated with transparent display products can hinder the growth of the transparent display in the forecast period.
Geospatial analytics is being used to create significant information by
collecting geospatial data through satellites, UAVs (Unmanned Aerial
Vehicles), GPS and other sources. Geospatial analytics is performed
using image and video intelligence. Geospatial imagery analytics market
is growing with a substantial rate. Increased demand for LBS (Location
Based Services) in various end-use applications, growing need of
high-resolution satellite images,
Contactless payment market is expected to grow at a
considerable rate during the forecast period 2019-2025. Contactless
payment services are being adopted rapidly in order to make the
financial transaction easy and fast. Contactless payment has evolved
with the emergence of digital payments over the last decades. Fintech
sector is responsible for development in digital payment services.
The global market for oxygen scavenger is projected to have a CAGR of around 4.6% during the forecast period. Oxygen scavenger aids in extending shelf life and product safety by preventing oxidation. They are added to food packaging to limit the level of oxygen to preserve the freshness, flavours, and stability of packaged products.
Digital Badges Market is expected to grow at a considerable rate during the forecast period 2019-2025. Digital badges are referred to a validated indicator of accomplishment of some interest or quality, or skill that can be earned in various courses depending on the person’s interest.
Magneto Rheological (MR) Fluid Market is expected to grow at a moderate rate during the forecast period 2018-2023. Magnetorheological fluid (MR fluid) is a smart fluid used as a carrier fluid, which increases its viscosity in the presence of a magnetic field. The MR fluid consists of micro and nano-sized magnetized iron particles suspended in a base fluid. The fluid can be used to design devices for different applications such as in the automotive sector,
The global power amplifier market is anticipated to grow at a CAGR of 7.2% during the forecast period (2021-2027). A power amplifier is an electronic system that boosts input power and delivers enough power to output load devices like RF transmitters, headphones, and speakers.
The global vocal biomarkers market is growing at a CAGR of 14.5% during the forecast period (2021-2027). Vocal biomarkers utilize voice input for the detection of diseases such as depression, coronary artery disease, and anxiety.
DNS services manages the services between public IP addresses and their respective host names, by decoding the domain names to the IP addresses, which has its application in locating and identifying the computer services and devices through primary network procedures.
Cross Platform and Mobile Advertising Market is expected to grow at a significant rate during the forecast period 2019-2025. Cross-platform and mobile advertising is a model for online advertisements. Mobile advertising services help companies to reach directly to the customer base.
Cloud robotics is a field of robotics coupled with cloud technologies, which allows robots to have assistance from the powerful computational, storage, and communication resources of modern data centers.
Botnet Detection Market is expected to grow at a considerable rate during the forecast period 2019-2025. A botnet is a network of computers which are under the control of the malicious controller. Each component of this system is referred to as a bot. A bot comes in operation when a computer is infected with malware, owing to which it comes under the control of third-party controllers. Bot computers can operate in remote directions without any knowledge to its owner.
API Management Market is expected to grow at a significant rate during the forecast period 2019-2025. Application Programming Interfaces (APIs) are a set of tools, and protocols used to develop software applications.
Artificial intelligence (AI) market is anticipated to grow at a significant CAGR of 38.7% during the forecast period (2024-2031). The market growth is attributed to growing AI's ability to boost productivity across a range of industries such as IT and BFSI, manufacturing, the automobile sector, and healthcare resulting in a rise in its use in a wide range of applications. The expansion of big data and the rising use of cloud-based services are further reasons driving the growth of the global AI industry. Additionally, the market has developed greatly owing to the collaboration between AI and the Internet of Things (IoT). According to the Organization for Economic Cooperation and Development (OECD), in 2021, Growth in the deployment of AI applications is evidenced by increased global spending on AI in the private sector, coupled with increased research activity on AI technology.
e-Discovery market is expected to grow at a significant rate during the forecast period 2019-2025. The e-discovery or electronic discovery is proactive to manage information and records.
Ferroelectric liquid crystal display market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The ferroelectric liquid crystal display (FLCD) demand is influenced by its superior display quality, low power consumption, versatility, and application diversity. FLCDs are particularly valuable in gaming, medical imaging, and digital signage due to their high contrast ratios and fast response times. It is additionally suitable for battery-operated devices. FLCDs are also gaining popularity in emerging markets such as Asia-Pacific and Latin America owing to urbanization, disposable incomes, and growing middle-class populations.
Artificial photosynthesis market is anticipated to grow at a significant CAGR of 12.1% during the forecast period (2024-2031). Artificial photosynthesis aims to produce fuels and chemicals from simple building blocks (both water and carbon dioxide) using sunlight as an energy source. Increasing demand for green technology and initiatives for sustainable development are key contributors to the global artificial photosynthesis market. However, the involvement of the high cost of the technology acts as a barrier to the artificial photosynthesis market.
The global market for E-Nose is projected to have a considerable CAGR of around 11.8% during the forecast period. An electric nose is used to detect certain flavors and odors. It is made up of electronic sensors and works on the principle of pattern recognition. It is also used as a real-time tool for detecting hazardous gases.
The global market for fingerprint scanners is projected to have a considerable CAGR of around 11.2% during the forecast period. The fingerprint scanner is a cost-effective biometric device that is widely used for the authentication and authorization of a person at different places.
The global radar market is growing at a considerable CAGR of 3.7% during the forecast period. Increasing adoption of system owing to growing demand of weather-based application is one of the prime factors affecting and driving the market.
Laser video display market is anticipated to grow at a CAGR of 26.0% during the forecast period (2024-2031). The market experiences growth and evolution owing to a combination of factors such as technological advancements, increasing demand for high-resolution displays, and investments in the entertainment and media sector. These factors collectively cater to diverse consumer and industrial needs for high-quality visual solutions, while also being influenced by government regulations, environmental sustainability, and the integration of IoT and smart technologies.
The global market for smart locks is projected to have a CAGR of around 10.2% during the forecast period. A smart lock is an electro-mechanical lock, designed for performing locking and unlocking operations on a door on receiving such instructions from an authorized device.
3D concrete printing market is anticipated to grow at a significant CAGR of 20.9% during the forecast period. 3D concrete printing, or 3D construction printing, is a technology that uses computer-controlled robots or machines to deposit layers of concrete to build structures layer by layer. It enables the creation of complex and customized architectural designs quickly and efficiently, potentially reducing construction time and costs compared to traditional methods. The market is mainly driven by the need for novel, sustainable, environmentally friendly, and smart housing solutions.
The global market for a synthetic diamond is projected to have a CAGR of around 6.4% during the forecast period. Synthetic diamonds (laboratory-grown diamonds) are otherwise called cultured or cultivated diamonds. A synthetic diamond is produced by an artificial process, and offers significant environmental advantages over mined diamonds, and requires a fraction of the resources of mining operations.
The global Economizer market is anticipated to grow at the CAGR of 7%
during 2017-2022. The major factors that are augmenting the growth of
the market includes rising demand of clean and reusable energy and use
of economizer in Heating Ventilation and Air Conditioning (HVAC)
applications. Moreover, increase in constructional activities and
growing usage of refrigeration in medical and automotive domain is also
estimated to be major factors that are fuelling the growth of the
market. Economizer has been used to cool external environment
temperature to preserve hardware for green computing environment.
Augmented Reality is a combination of both real scene viewed by a user
and virtual scene generated by a computer that makes the scene more
useful with additional information. Integration of digital information
with the user’s environment in real time is enabling a significant wave
of computing power through a spatial computing revolution. The global
augmented reality market is anticipated to grow at a significant growth
rate during the forecast period.
The global digital scent technology market is growing at a considerable CAGR of around 11.8% during the forecast period (2021-2027). Digital scent technology offers different types of aromas with the use of hardware devices such as e-nose and scent synthesizers that are used to intellect, receive or transmit smell through a digital medium.
The global smart grid sensors market is growing at a significant CAGR during the forecast period. A smart grid is a network of energy that can automatically monitor energy flows and adjust to changes in energy supply and demand. Sensors used in smart grids are small, lightweight nodes that serve as detection stations in a sensor network.
Alternate transportation technology market is anticipated to grow at a significant CAGR of 10.5% during the forecast period (2024-2031). Alternative transportation technologies are non-traditional modes of transportation that are more sustainable and environmentally friendly. Major alternative transportation technologies include biofuels, electric vehicles, and hydrogen-fueled vehicles. The growing demand for sustainable transportation systems globally is driving the global market. However, the high cost of new technology may hinder global market growth.
The global VR in the gaming market is growing at a considerable CAGR of 31.0% during the forecast period (2021-2027). The major factors that are augmenting the growth of the market are improvements in the 3D multimedia graphics performance which will increase the real-time ability of the gamers.
The global Virtual Reality (VR) market is growing at a considerable CAGR of around 18.0% during the forecast period. VR technology is used for consumer applications such as gaming and entertainment the games sector is projected to be the fastest-growing segment after the advertisement in the media and entertainment industry across the globe.
The global LiDAR market is estimated to grow at a significant CAGR of around 15% during the forecast period. LIDAR (Light Detection and Ranging) is a remote sensing method that is used to measure the distance of an object on the earth’s surface.
Smart lighting and control system market is anticipated to grow at a significant CAGR of 14.0% during the forecast period (2024-2031). The market growth is attributed to the increasing capacity to manage lighting remotely such as voice commands, schedules, motion detection, timers, and color alterations. Additionally, increasing demand for self-monitoring, analysis, and reporting technology (SMART) to improve energy efficiency, convenience, safety, security, and well-being further aids global market growth. In addition, these systems may be controlled via different wireless transmissions, including Bluetooth and Wi-Fi radios, and they interact smoothly with other smart home appliances. According to the European Commission, in 2021, energy saving of 50.0-70.0% is possible while using such smart connected lighting.
The global smart speaker market is anticipated to grow at a CAGR of 20.2% during the forecast period. The major factors that are driving the growth of the market include the increasing trend of wireless connectivity and devices, growing demand for smart speaker display, increasing number of smart homes, and rising IoT demand.
The global cryogenic technology market is growing at a considerable CAGR of 6.5% during the forecast period. Growing demand of technology adoption in medical sector is one of the prime factors affecting and driving the market.
The global smart TV market is anticipated to grow at a significant CAGR of 17.8% during the forecast period (2021-2027). Smart TV is among the commonly used household & commercial appliances that come up with internet connectivity capability and built-in apps to get connected to different platforms to offer an extraordinary experience to its viewers.
Powered exoskeleton market is anticipated to grow at a significant CAGR of 15.9% during the forecast period (2024-2031). A powered exoskeleton is a wearable device that uses motors, springs, and other actuators to help support and assist a person's movement. The increasing adoption of powered exoskeletons in medical and industrial applications is a key factor driving global industry growth. However, the high cost of powered exoskeleton, modest speed, and inability to operate properly on uneven surfaces may restrain the growth of the market.
Machine vision market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024-2031). Machine vision systems play a pivotal role in various industries, including automotive, electronics, pharmaceuticals, and food processing by enabling efficient monitoring, quality control, and process optimization. These systems leverage advancements in AI, deep learning, and sensor technologies to ensure high-quality standards and cost-effectiveness. Additionally, the adoption of machine vision systems is driven by regulatory compliance, while emerging economies are fueling the global market expansion. Overall, machine vision technology serves as a crucial component of modern manufacturing strategies worldwide.
UHD display market is anticipated to grow at a significant CAGR of 13.1% during the forecast period (2024-2031). The market growth is attributed to the growing demand for UHD displays in consumer electronics, gaming, automotive, and digital signage. Additionally, advancements in display technologies and the increasing adoption of UHD content across various platforms are driving the industry growth. According to the National Center for Biotechnology Information (NCBI), in 2023, the size of the global electronics market will increase by 5.0% to $1.3 trillion by 2025. The Asia-Pacific region appeared as an important region covering about 49.4% of the 2020 global electronics market.
The global hyperspectral imaging market is expected to grow at a CAGR of
11.7% during the forecast period (2017-2022). Hyperspectral imaging is
the combination of spectroscopy and digital imaging.
The global digital forensics market is growing at a CAGR of nearly 13.0% during the forecast period. The major factors that are augmenting the growth of the market include the rising incidences of cyber crime and the extensive usage of IoT devices. Digital forensics is used in criminal investigations and private investigations.
The global radiation dose management market
is growing significantly across the globe. Radiation is the
transmission or emission of energy in the form of particles or waves
through space or through a material medium.
The conditional access system market is expected to grow at a CAGR of
9.4% during 2017-2022. Conditional access systems (CAS) is known for
content protection and control the solutions used widely to restrict the
unauthorized contents or the intruders to admittance to audio
&video content.
The global air quality sensor market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. Air quality sensors are components of air purifiers that detect and monitor air pollution in a specific area whether it is an indoor or an outdoor environment. The major factors augmenting the growth of the market include the rise in pollution levels which has led to an increase in the number of air-borne diseases. The diseases include asthma, chronic obstructive pulmonary disease, lung cancer, and cardiovascular problems among others. This has eventually led to a rise in awareness of the adverse impact of hazardous gases.
The global smartphone sensors market is growing at a significant CAGR of 6.2% during the forecast period (2021-2027). Smartphone sensors are the electronic element that enables smartphones to work intelligently.
The global tennis ball machine market is expected to grow at a CAGR of
5.8 % during 2017-2022. A tennis ball machine is a mechanical device
that automatically throws out tennis balls at different speeds and
angles. Its main purpose is to help players to develop their ball
hitting technique. New technology and feature enabled machine are
attracting players.
The global electron beam welding machine market is growing at a considerable CAGR of around 3.3% during the forecast period (2021-2027). Electron beam welding (EBW) is used in automotive, aerospace, marine, medical, construction, and industrial fabrication, among others.
The global ingestible sensors market is anticipated to grow at a significant CAGR of 12.8% during the forecast period. Ingestible sensors are used for capsule endoscopy, patient monitoring, and controlled drug delivery application in the medical sector.
The global flexible electronics market is anticipated to grow at a significant CAGR of 15.8% during the forecast period. Growing adoption of flexible devices in different applications such as consumer electronics, rise in demand for compact and energy-efficient electronics, increasing demand for biosensors in healthcare is the driving factor of the flexible electronics market.
Cognitive computing systems are self-learning systems that utilize machine learning models to understand the working of the brain. Cognitive computing technology will enable the creation of automated IT models which are capable of solving problems without human support.
The global mobile wallet market is projected to grow at a significant CAGR during the forecast period (2020-2026). There are a variety of pivotal factors that are driving the market growth including a global increase in smartphone users, increasing internet users, favorable government policies, and technological advancement.
3D scanning market is anticipated to grow at the CAGR of the 10.5%
during the period 2017-2022. The major factors that are augmenting the
growth of the market are estimated to be increasing demand for 3D data
for modelling and analysis and growing demand for product life cycle
management solutions.