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Showing posts from August, 2019
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The global market for Blockchain Technology is projected to reach US$14.2 billion by 2025, driven by the growing confidence in the technology’s disruptive ability to democratize and decentralize the next generation of Internet (Web3). Benefits of a decentralized Internet include less corruptibility; more resistance to corporate and political regulations; and increased safety and security as data is not stored in privately-owned silos. Myriad application possibilities currently orbit around the technology adding significantly to its robust outlook. Built for disruption, few of the innovative uses of blockchain include enabling safe exchange of cryptocurrencies like bitcoin; execution of smart and automated contracts; secure and automated control of IoT devices; revolutionizing supply chain auditing in a manner that will combat fraud; peer-2-peer execution of stock market transactions and elimination of intermediaries like banks and agents; secure smart energy grid management in smart c…
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World market for Global Navigation Satellite System (GNSS) is projected to reach US$237.9 billion by 2025, driven by the growing focus on Positioning, Navigation, & Timing (PNT) tools in commercial, industrial, government and military applications. The technology’s potential to offer benefits such as improved safety in transportation with full navigational visibility and end-to-end asset tracking, faster response in emergency situations, and superior efficiency in environmental quality monitoring, will continue to bolster growth in the market. Continuous technology advancements are leading to the launch of superior and highly effective GNSS devices, while technology maturity is resulting in the availability of lower priced GNSS/GPS receiver sets. Other major drivers include roll out of GPS III block satellites and increased commercial use of GPS and GNSS systems; full-fledged deployment of novel GNSS platforms including China’s Beidou/BDS; and growing convergence with smartphones …
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The global market for Laboratory Balances and Scales is projected to reach US$1.5 billion by 2025, driven by the increased demand for laboratory services in healthcare, academics, life sciences, pharmaceutical, food, and chemical industries. The market is also driven by the stringent guidelines, regulations and recommendations for laboratory analysis such as stringent contractual laboratory testing agreements and arrangements. Growing safety standards in food and pharmaceutical sectors will continue to shift the emphasis towards analytical quality, thereby driving demand for laboratory balances and scales. The rapid growth of pharmaceutical and biotechnology sectors and increased funding support for academia R&D activities, the resulting increase in laboratories performing quality control of medicines will present significant opportunities for growth. Technology innovations will also fuel growth, especially against the backdrop where the need to replace old and obsolete lab balanc…
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The global market for Hydraulic Components is forecast to reach US$85.5 billion by 2025, driven by the ubiquitous use of fluid power in modern engineering and continuous developments in the science of hydraulics which help the technology replace mechanical and electrical drive systems. Especially poised to benefit future growth in the market is the expanding scope, utilization and application scenarios emerging as a result of technology innovations that make fluid power solutions ready for the era of industry 4.0. Smart hydraulics, in this regard, defined as a combination of brawny traditional hydraulics and intelligent electronics will emerge as the key revenue spinner in the market. Benefits of smart hydraulics include cost effectiveness when compared to pure electric systems; compact footprint; versatility, superior control benefits offered by electric servo technology; scalable, modular assembly; smart-leak detection capabilities for greater safety, intelligent tools for condition…
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The global market for Asphalt is projected to reach nearly 152.3 million metric tons by 2025, driven by the growing focus on infrastructure development in both the developing and developed markets alike. A key driver of optimism for bigger transportation development budgets in the coming years, is the infrastructure gap in global roadways to the tune of US$ 8 trillion for the cumulative period 2016-2040, which remains the highest as compared to $2 trillion for rail, $3 trillion for energy, $1 trillion for water & $2 trillion for telecom. Benefits of asphalt driving its popularity as the preferred construction material for roads, pavements and bridges include the ability to provide a smooth surface for safe driving and generate less road noise allowing for a comfortable travel experience; cost-effective when compared to conventional concrete; asphalt roads can be easily and quickly laid; are easier to maintain; are environment friendly as asphalt is 100% recyclable; durability and …
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The global market for Medical Fiber Optics is projected to reach US$1.4 billion by 2025, driven by the growing commercial value of fiber optics technology in surgical instrumentation, disease treatment therapies, diagnostic and imaging equipment, and sensor based wearable medical devices and textiles. Heavy utilization of imaging and growing preference for non-invasive surgery will drive a major chunk of opportunities in clinical imaging and endoscopy applications. Benefiting the market will be the rise in endoscopy procedures supported by advantages such as safety and effectiveness in both diagnosis and therapy; minimal morbidity and mortality; less scarring and faster recovery; and rising preference for endoscopic management of GI disorders especially against a backdrop of research studies linking chronic acid reflux and GERD with Barrett’s esophagus and esophageal cancer. The critical role played by radiology imaging in clinical decision support coupled with the growing healthcare …
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The global market for Sports and Fitness Clothing is projected to reach US$245.9 billion by 2025, driven by the rise of “Athleisure Revolution” supported by the rising numbers of health consciousness people participating in sports and fitness activities without wanting to compromise on fashion and style. Athleisure is defined as the relaxed and comfortable clothing designed for exercise and sports while remaining appropriate for everyday wear and for a wide range of social occasions. Athleisure is apparel’s hottest sector with adoption among pro athletes, Olympians, urban amateur athletes and fitness freaks growing at robust rates. Consumers are swapping formal shoes & clothing for a comfortable sporty alternative marking the beginning of the “sportsluxe” trend. Bringing the trend to a boil are stylish lines of athleisure wear flexibly designed for lunch and shopping dates straight from gyms and sports clubs. Leggings, T-shirts, reversible sports bras, bodysuits yoga pants, croppe…
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The global market for Textile Machinery is projected to reach 19.8 million units by 2025, driven by healthy gains in demand for apparel especially functional and performance wear. Other factors shaping growth in the market include innovations in smart clothing, the need for new production technologies and ensuing spurt in the investments in production equipment modernization and upgrades; strong demand for non-woven fabrics and the ensuing need for machines with high speed, cost effective processing of activities like web formation, bonding as well as finishing. The ever changing world of fashion creates continuous opportunities for specialty machines capable of performing specific tasks such as embossing and mercerizing. While embossing creates specialized effects on fabrics, mercerizing increases the shimmer and strength of cotton fabrics. A key trend taking center stage in the market is rise of automation supported by the changing competitive dynamics of the textile industry. Few o…