Increasing Demand for Autonomous Systems in Defense Globally Drives AI in Defense Market Growth
Published: Apr 2020
AI in defense market is anticipated to grow at an exponential CAGR of 36.1% during the forecast period (2024-2031). The market growth is attributed to the growing demand for autonomous systems in unmanned aerial vehicles (UAVs), drones, and autonomous spacecraft, increasing adoption of AI algorithms optimizes mission planning for military operations with AI-powered image and signal processing technologies globally. Cybersecurity defense with powerful, portfolio-wide artificial intelligence capabilities scales in favor of defenders by helping make informed decisions, augment existing capabilities, and automate complex tasks.
Growing sports injuries spur the Cold pain Therapy Market Growth
Published: Apr 2020
The increasing sports-related injuries coupled with growing sports and recreating activities further encourage cold pain therapy that further contributes to market growth. According to the American Orthopaedic Society for Sports Medicine, the trend towards participation in organized sports has been reported.
Growing stem cell-based research spur the Cell Therapy Market Growth
Published: Apr 2020
The increasing investment in stem cell-based research activities further encourages stem cell-based research that further contributes to the cell therapy market. Moreover, there are charities and non-profit organizations spreading from the US to Australia to UK, which are predominantly making an impact in the market of stem cell therapy and regenerative medicine.
Product Innovations and Launching are the Key Strategies of the Global Magnetic Sensors Market Players
Published: Apr 2020
The global magnetic sensor market is estimated to grow at a CAGR of over 6% during the forecast period. The key players operating in the global magnetic sensor industry include NXP Semiconductors N.V., Honeywell International Inc., Infineon Technologies AG, ST Microelectronics N.V., Texas Instruments Inc., Alps Alpine Co. Ltd., AMS AG, and Asahi Kasei Microdevices Corp., among others. These players are significantly contributing to the market.
Growth in the Construction Sector to Positively Affect Market Growth During the Forecast Period
Published: Apr 2020
The global hydraulic hoist market is estimated to grow at a CAGR of over 5% during the forecast period. Hydraulics hoists are utilised in various applications in end-user industries including metal processing, cement, chemical, mining, and others. These are used for the work such as lifting and transferring.
Global HVAC Air Quality Monitoring Markets Industry Standards
Published: Apr 2020
The global HVAC air quality monitoring market is estimated to grow at a CAGR of around 7% during the forecast period. The market growth is attributed to the rising public awareness regarding indoor air pollution coupled with the implementation of various rules and regulations for monitoring and analyzing indoor air quality.
Gesture Recognition and Touchless Sensing Market
Published: Apr 2020
The global gesture recognition market is estimated to grow at a significant CAGR of over 20% during the forecast period. The driving factors for the global gesture recognition market include ease of adoption due to low technical complexity for end-users, the surging application of gesture control features in automobiles, favorable programs deployed by government, increasing digitalization across industries, and adoption of touchless sanitary solutions.
Factors Driving the Growth of the Global Basalt Fiber Market
Published: Apr 2020
The global basalt fiber market is estimated to grow at a CAGR of over 10% during the forecast period. The factors that drive the global basalt fiber industry include the rising construction industry coupled with the increased demands for high-performance sealing products.
Factors Driving the Global Air Purification System Market
Published: Apr 2020
The global air purification system market is forecast to grow at a CAGR of over 7% during the forecast period. Some of the key factors driving the growth of the market include the increased utilization of the air purification system in the building & construction, healthcare, manufacturing, automotive and various other sectors.
Growing Demand for Convenience Food and Rapid Implementation of Automation in Food Production and Packaging Industry is Escalating the Market Growth
Published: Apr 2020
The introduction of automation technology in food production will contribute in the growth of the precision gearbox market. Precision gearboxes are extensively used in food processing industry, packaging industry and in robotics to increase the productivity of the process by smoothing the automation process.