The telematics market is anticipated to show a lucrative growth at a CAGR of around 17% during the forecast period 2025-2031. The telematics industry includes devices, software, and services to collect and transmit data on vehicle use, maintenance requirements, and automotive servicing. It is widely used to coordinate vehicle to manage the fitness, profitability, and […]
Category Archives: Business
The global market for air taxi is projected to have considerable CAGR of around 26.5% during the forecast period. The growth of the air taxi market is attributed to the rising investments from various private organizations to enhance the consumer flying experience by providing UAM for commercial applications including air taxi. The rapid urbanization along […]
The global refrigerated food transport market is predicted to grow at a significant CAGR during the forecast period. Food transport refrigeration is a vital link in the food chain in terms of preserving the temperature of perishable products as well as its influence on energy consumption and CO2 emissions. Road transport refrigeration systems are essential […]
The automated material handling equipment market is projected to grow at a considerable CAGR of around 12% during the forecast period (2025-2031). The rising demand for human-robot collaboration in the different industrial sectors such as automotive, chemical, retail, and manufacturing among others for overall cost reduction is a major factor to drive the growth of […]
The palletizer market is projected to grow at a considerable CAGR of around 5% during the forecast period (2025-2031). The increasing adoption of industry 4.0 has created the demand for automation in material handling operations. The use of palletizer enables the automatic stacking of goods and products by ensuring their easy handling, thereby creating automation […]
The global connected ship market is estimated to grow at a CAGR of nearly 4.2% during the forecast period. The major factors contributing to the market growth include the increasing adoption of IoT solutions in the maritime industry and significant demand for maritime transportation. Increasing demand for maritime transportation has witnessed over the decades owing […]
The global refrigerated transport market is predicted to grow at a significant CAGR during the forecast period. The principle of the refrigerated preservation of the product is to reduce and maintain the temperature of the products to control, reduce, or stop the rate of deterioration and damaging of the product. The deterioration might occur due […]
The global market for aircraft electrical systems is projected to have considerable CAGR of around 5.5% during the forecast period. The market growth mainly driven by the growing demand of electrical systems in aircraft coupled with growth in the aviation industry. There is significant adoption of electrical systems for military and commercial aircraft systems and […]
The global smart transportation market is growing at a significant CAGR of around 9.8% during the forecast period (2025-2031). Smart transportation refers to the integrated application of modern technologies and management strategies in transportation systems. Smart transportation includes the use of several technologies, from basic management systems such as car navigation; traffic signal control systems; […]
The cold chain market is projected to grow at a considerable CAGR of more than 10% during the forecast period (2025-2031). Technological advancements in the packaging, processing, and storage of perishable food products is a key factor anticipated to drive the growth of the global cold chain market. Radiofrequency identification, IoT, and mobile racking are […]