Selective laser sintering (SLS) technology market is projected to grow at a considerable CAGR of around 12% during the forecast period. The increase in demand for 3D printing in aerospace & defense, automotive, medical & dental, and other industrial sectors coupled with the advantage of using SLS technology is the key driver of the market […]
Category Archives: Business
The global unmanned surface vehicle (USV) market is estimated to grow at a CAGR of nearly 14.0% during the forecast period. Some key factors encouraging the market growth include rising defense contracts for unmanned surface vehicles, significant rise the demand for maritime security, and increasing investment in the oil and gas industry. As more than […]
The global VR market was $5.0 billion in 2018 and is expected to grow at a CAGR of over 30% during the forecast period 2019-2025. The VR market is mainly driven by the enhanced features of the technology, it has improved the performance of 3D multimedia. Increasing adoption of VR technology in various sectors such […]
In the wake of COVID-19, there has been a significant growth witnessed in the thermal scanner market. The prime factors that fueled the market growth before the pandemic includes high demand across a broad range of application areas across the commercial as well the as residential sector. Rising demand in security and surveillance applications is […]
The global smart sensors market is growing at a significant CAGR of around 18.2% during the forecast period (2025-2031). The market for smart sensors is driven by rising adoption of smart sensors across consumer electronics, security and surveillance, healthcare, and automotive industry. In addition, the rising trend for wearable devices, autonomous cars, and industrial automation […]
The global market for access control is estimated to have significant CAGR of around 8.7% during the forecast period. The market is mainly due to growing adoption of access control systems in commercial and residential applications coupled with crime rates across the globe. Burglaries are increasing at an alarming rate supported by the fact that; […]
The animation and VFX market is estimated to grow at a considerable CAGR of around 10% during the forecast period (2025-2031). The growing usage of the animation and VFX technology by the end-user verticals is a key factor promoting the growth of the animation and VFX market across the globe. Visual effects (VFX) technology is […]
The construction robot market is projected to grow at a considerable CAGR of more than 12% during the forecast period (2025-2031). The significant rise in the demand for automation in the construction industry is a key factor that is anticipated to drive the global construction robot market. Traditional construction activities such as material handling, dispensing, […]
The global market for image recognition in retail is projected to have considerable CAGR during the forecast period. The market growth mainly driven by the increasing application in a wide range of application such as vision analytics, marketing & advertising and others in retail industry. The growing adoption of image recognition software for packaging recognition, […]
Asia-Pacific electron-beam welding (EBW) machine market is estimated to grow at a CAGR of over 7.0% during the forecast period. The market growth is mainly attributed to the growing automotive and aerospace manufacturing industry in the region. EBW machines are largely utilized as a fusion joining process in industrial applications including joining of aerospace components. […]