Rising Demand for Advanced Cybersecurity Solutions in Healthcare Industry to Accelerate Market Growth
Published: Oct 2022
The global AI in cybersecurity market is anticipated to grow at a CAGR of 23.6% during the forecast period. The rising concern for unauthorized access, data breaches, and cyber threats in the healthcare industry pushes the key players to launch medical cybersecurity solutions. For instance, in March 2022, cybersecurity solutions company Illumio and Cylera, a provider in medical device (IoMT) and enterprise OT cybersecurity launched a solution for healthcare providers. The solution is designed to reduce the risk of catastrophic breaches and ransomware attacks.
The Growing Adoption of AI for Airport Screening is Accelerating the Global AI in Aviation Market
Published: Oct 2022
The global AI in aviation market is anticipated to grow at a CAGR of 42.1% during the forecast period. In an effort to enhance safety and security infrastructure at airports, airport authorities are adopting AI for baggage and passenger screening, which is fueling the AI in Aviation market during the forecast period. For instance, in January 2020, Airports Authority of India (AAI) announced that trials of a smart baggage screening system will be carried out at eight airports.
Rising Adoption of Digital Remittance by Key Vendors in Emerging Economies, Drives the Market Growth
Published: Oct 2022
The global digital remittance market is anticipated to grow at a CAGR of 15.9% during the forecast period. Increasing use of digital remittance by various end user industries, especially in emerging d economic countries such as India, and China, is expected to drive the market growth in the forthcoming year. For instance, according to an Asian Development Bank report, Asia was the largest remittance-receiving region across the globe in 2019. The region received $325 billion in formal remittances or 45% of global flows in 2019.
The Rising Use of Smart Electronic Devices to Accelerate the Growth of the Global Portable Power Station Market
Published: Oct 2022
The global portable power station market is anticipated to grow at a CAGR of 4.5% during the forecast period. The global electronic industry is growing rapidly as consumers are adopting smart gadgets such as personal computers, video game systems, smartphones, portable Bluetooth speakers, smart cars, and other gadgets in their daily routines. These applications require consumers to opt latest smart devices such as portable power stations which allow them to stay connected with gadgets remotely. Such features and benefits are accelerating the global portable power station market.
The Growing Adoption of Advanced Medical Tubing Solutions With Latest Technological Features to Bolster the Global Medical Tubing Market
Published: Oct 2022
The global medical tubing market is anticipated to grow at a CAGR of 8.5% during the forecast period. The medical industry is adopting the latest technological medical tubes to ease the work along with providing safety and comfort to patients. The key players are manufacturing medical tubeing solution with technological feactures to stay competitive in market. For instance, in October 2019, Dunn Industries Inc., a Tekni-Plex business unit manufactured multi-lumen tubing for steerable catheters commonly used for robotic surgery and laparoscopic devices.
The Rising Demand For Electric and Hybrid Passenger Vessels is Accelerating the Global Marine Battery Market
Published: Oct 2022
The global marine battery market is anticipated to grow at a CAGR of 18.5% during the forecast period. According to a research study by Siemens, Denmark has 42 domestic routes along the Danish coast that are trafficked by 52 ferries. Several Danish companies have replaced traditional diesel propulsion with electric propulsion. As a result, 50,000 tonnes of Carbon-dioxide (CO2) is saved per year, which means electrification would save 19,000 tonnes of fuel a year while reducing the operating and maintenance costs.
The Growing Adoption of Drones Across Various Industry is Accelerating the Global Drone Battery Market
Published: Oct 2022
The global drone battery market is anticipated to grow at a CAGR of 20.1% during the forecast period. Drones are increasingly being used for many functions including monitoring climate change, delivering goods, photography, supports in search operations, defense, agriculture, and other functions. Demand for drones is increasing among defense forces for intelligence, surveillance, and reconnaissance (ISR) activities.
The Rising Demand for the Aircraft is Accelerating the Global Aviation Connectors Market
Published: Sep 2022
The global aviation connectors market is anticipated to grow at a CAGR of 5.2% during the forecast period. The demand for commercial passenger & cargo aircraft, civil helicopters, and military aircraft is increasing across the globe, which directly fuels the use of connectors. Furthermore, the rising requirement for modern avionic systems along with the increasing flight safety are some other major factors that are driving the aviation connectors market growth.
The Growing Implementation of Stringent Government regulations is Accelerating the Global Industrial Wastewater Treatment Chemicals Market
Published: Sep 2022
The global industrial wastewater treatment chemicals market is anticipated to grow at a CAGR of 5.4% during the forecast period. The implementation of stringent government regulations from several regulatory bodies such as the Environmental Protection Agency (EPA), Safe Drinking Water Act (SDWA), Clean Water Act (CWA), and other bodies has imposed regulations on industrial discharge and putting efforts to reuse water and treat wastewater. In order to fulfill government regulations, key players are investing to expand the production capacity of water treatment chemicals across the globe.
Increasing Demand for the Miniaturization/Automation of Electronic Devices Globally to Bolster the Growth of the Market
Published: Sep 2022
The global electronic adhesives market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). The increasing demand for the miniaturization/automation of mobile devices, touch screens & displays, and medical electronic systems is driving the growth of the electronic adhesives market. The growing demand for these products has led to an increase in the consumption of electronic adhesives. Electronic adhesives are mainly used in surface-mounting, assembling substrates on PCBs and semiconductors, potting & encapsulations, and manufacturing & assembly of electronic circuits and products.