Growing Applications in Automotive Industry Propels the Growth of Motion Sensor Market
Published: Mar 2020
The global motion sensor market is estimated to grow at a CAGR of 7.0% during the forecast period. The rising application in the end-user industry such as industrial, automotive, consumer electronics, aerospace & defense, healthcare, and others boost the growth of the motion sensor industry during the forecast period. The growing implementation of motion sensors across automotive applications propels product development by companies which contributes to market growth.
Growing Penetration of Contactless Payment Propels the Mobile Point of Sale Terminal Market
Published: Mar 2020
The increasing need for cashless payment and ease of transactions due to which the contactless payment has gained prominence in the payment technologies have result in the growth of the mobile point of the sale terminal market. There has been a rapid increase in cashless transactions during the forecast period.
Extensive Application in Consumer Electronics is Propelling the Growth of Micro LED Market
Published: Mar 2020
The growing of micro LED in various applications such as a smart watch, smartphone, and tablet, near to eye devices, television, a head-up display, and monitor and laptop are boosting the growth of the micro LED market during the forecast period. Micro LED display in smartwatches has major benefits includes requiring less power as compared to OLED display and much more energy efficient.
Players Partnership to Drive the Global Location Analytics Market
Published: Mar 2020
The global location analytics market is anticipated to grow at a significant CAGR of 19.5% during the forecast period (2023-2030). The growing partnership among key players to enhance the usage of telecom analytics is driving the growth of the global telecom analytics market. For instance, in May 2023, TomTom (TOM2), the geolocation technology provider announced an expanded partnership with Alteryx, the Analytics Cloud Platform company.
Growing Integration of Robots to Healthcare Drive the Global Healthcare Assistive Robot Market
Published: Mar 2020
Global healthcare assistive robot market is anticipated to grow at a considerable CAGR of 16.4% during the forecast period. Assistive robots have come to play a crucial role in healthcare facilities. With the advancement in technology, the use of assistive robots has increased dramatically. Assistive robots have increasingly been used to assist various applications performed previously by doctors, nurses, and other staff of hospitals.
Rising Incidence of Urinary Tract Infection Propels the Growth of the Global Genitourinary Drug Market
Published: Mar 2020
The global genitourinary drug market is expected to show a moderate growth rate during the forecast period. A genitourinary drug refers to pharmaceuticals that used to treat diseases of the genital and urinary tract such as ureters, bladder, kidneys, and urethra among others. Genitourinary problems including neurogenic dysfunction, prostatism, urinary tract infections, and prostate cancer, are the common disorders in elderly people.
Growing Demand for Net-Zero Energy Buildings Drive the Global Energy Efficient Windows Market
Published: Mar 2020
Global energy-efficient windows market is anticipated to grow at a CAGR of 6.4% during the forecast period. The energy-efficient windows market growth is driven by various factors including the need for energy efficiency, rising power costs, and increased use of renewable energy sources. Consumers' growing awareness of environmental protection and government regulations on energy consumption is further fueling market growth.
Rapidly Adopting Suspension Application Propels the Growth of the Global Automotive Bushing Market
Published: Mar 2020
Global automotive bushing market is anticipated to grow at a CAGR of 4.7% during the forecast period (2023-2030). The growth of the automotive bushing industry is driven by technological advancements, increasing production of vehicles, and growing demand for luxury and comfort. There are various types of bushings used in cars that include leaf spring bushings, steering rack bushings, suspension bushings, control arm bushings, and shock absorber bushings.
Growing Launches of New and Innovative Hearing Aid Drive the Global Audiology Devices Market
Published: Mar 2020
Global audiology devices market is anticipated to grow at a CAGR of 6.8% during the forecast period. According to WHO, by 2050 nearly 2.5 billion people are projected to have some degree of hearing loss and at least 700 million will require hearing rehabilitation. Over 1 billion young adults are at risk of permanent, avoidable hearing loss due to unsafe listening practices. An annual additional investment of less than $1.40 per person is needed to scale up ear and hearing care services globally. Thus, the growth of the market is attributed to the growing health problems related to hearing.
Potential Impact of COVID-19 on the US Economy
Published: Mar 2020
The COVID-19 pandemic has greatly affected both the demand and supply across the global economy. A slowdown in the global economy has created a major challenge for governments on how to revive their economy.