Asia-Pacific micro welding market is estimated to grow at a significant CAGR during the forecast period. Significant production of electrical & electronic products is primarily driving the demand for micro welding machines in the region. China is the major provider of electronic products across the globe, which significantly encourages its global trade operations. China exports […]
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Europe micro welding market is estimated to grow at a moderate CAGR during the forecast period. Significant production of motor vehicles is the major factor contributing to the market growth. As per the European Automobile Manufacturers Association (ACEA), 19.2 million motor vehicles were produced in the European Union in 2018, or some 20% of the […]
India micro welding market is estimated to grow at a significant CAGR during the forecast period. Expansion of automobile and electronics production is the major factor contributing to the market growth in the country. As per the India Brand Equity Foundation (IBEF), domestic production of automobiles grew at nearly 2.4% CAGR during the period, 2016-2020 […]
North America micro welding market is estimated to grow at a significant CAGR during the forecast period. A significant rise in the aerospace industry is contributing to the demand for micro welding in the region. The US aerospace manufacturers are highly competitive across the globe. As per the International Trade Administration (ITA), in 2018, the […]
The global smart mining market is anticipated to grow at a CAGR of 0.3% during the forecast period. The growing partnership among key player to expand their global reach is a key contributors to the growth of the global smart mining market. For instance, In March 2023, Huawei announced collaboration with Botswana’s Debswana Diamond Company (Pty) […]
The global body armor market is anticipated to grow at a CAGR of 5.3% during the forecast period (2024-2031). Growing product offerings in the industry are contributing to the growth of the global body armor market. For instance, In April 2023, DuPont introduced Kevlar EXO, an aramid fiber that delivers ballistic protection for body armor. According to […]
The global inspection management software Market is anticipated to grow at a CAGR of 12.7 % during the forecast period. Quality control is essential in manufacturing and engineering, automotive, aerospace and defense, healthcare and pharmaceuticals, and oil and gas industries. This involves inspecting parts, components, assemblies, and equipment to ensure that they meet quality standards and regulations. […]
The global account payable automation market is growing at a considerable CAGR of 10.2% during the forecast period. Increasing demand to enhance payment process and controlling user access is one of the prime factors affecting and driving the market. Decreasing fraud transactions along with improving compliance rate among others are also estimated to be the […]
A surge arrester is a protective device used for mitigating voltage surges in electrical systems. Its core function is to redirect excess electrical energy, safeguarding sensitive equipment from potential damage. Key advantages of using surge arresters include efficient voltage absorption and dissipation, ensuring the reliability of connected devices. Globally, the growing demand for surge arresters […]
The global aircraft synthetic vision market is anticipated to grow at a CAGR of 3.2% during the forecast period (2024-2031). With the growing technological advancements and collaboration between market players, the overall aircraft synthetic vision market is also growing. For instance, In November 2023, CubCrafters introduced a thermal infrared imaging system option for Garmin G3X-equipped aircraft. According […]