The U.S. computer numerical control (CNC) machine market size was valued at USD 7.88 billion in 2016 and is projected to expand at a CAGR of more than 4.0% from 2017 to 2025. Increasing demand for mass production of automotive parts and growing number of manufacturing units are presumed to fuel the product demand over the forecast period. Technological advancements, such as usage of computerized codes and automation, help overcome human errors and downtimes to achieve cost-efficiency, better quality, and productivity. This is also expected to drive the market growth in coming years.
The traditional computing technology is struggling to keep up with the enormous amount of data processing capabilities and the bandwidth expectations. This has led to a need for a better computing technology being sought after by many industries.
Projected to grow at a CAGR of almost 6% from 2016 to 2024, dust removal equipment market is expected to grow significantly over the forecast period owing to growing environmental concerns and rapid urbanization.
Increasing demand for accurate forecasting in business activities is the key driver for predictive analytics market. Predictive analytics is the activity of data mining which deals with extracting important data from given database, used to analyse the trends and behaviour patterns to predict the future.
As of late, there has been a critical development in Smart Classrooms. A smart classroom is outfitted with sight and sound parts, which are intended to improve the instructing and learning process.
An electronic book or digital book is a book in computerized frame and comprise of both content and pictures. These books are intelligible on the electronic gadgets, for example, PC, cell phones and tablets.
Projected to grow at a CAGR of around 11% the precision farming market is expected to witness a significant growth over the forecast period owing to advancement in agricultural industry and cost reduction.
The electric buses market is expected to witness significant growth over the forecast period owing to the growing deployment of hybrid and electric framework transport model in the U.S., Canada, UK, Germany and France.
The ducted air conditioning market is projected to grow at a CAGR of about 6% owing to increasing awareness and requirement for energy efficiency.
The global Microbial EOR (microbial enhanced oil recovery) market size was estimated to be worth USD 1.04 billion in 2016. Increasing age of wells is the primary driver for the growth of the industry.
The global smart water management market size is projected to witness substantial growth over the forecast period on account of growing scarcity of fresh water and rising climate volatility. Increasing non-revenue water (NRW), wherein water is wasted due to pipe bursts, metering errors, thefts, leaks, and aging infrastructure, is expected to stir up the demand for smart water management systems. Furthermore, surging demand for potable water in order to meet needs of increasing population coupled with uneven distribution of resources is providing an upthrust to the market.
The global snake robots market size is expected to expand at a significant CAGR over the forecast period as these next generation units offer an exclusive movement mechanism and provide systems that help to improve traditional open surgery process. In addition, widening base of geriatric population worldwide and continuous advancements in technology along with increasing research and development activities are among the primary growth stimulants for the market.
The global sports software market size was valued at USD 3.87 billion in 2016 and is anticipated to witness substantial growth owing to the rising needs to manage international events, leagues, clubs smartly.
The worldwide BYOD (Bring Your Own Device) market stood at USD 94.2 billion in 2014. It is expected to surpass USD 350 billion by 2022. Increasing adoption of tablets, laptops, and smartphones can boost this market over the forecast period (2016 - 2024).
3D scanner is a device that measures tangible things using laser, x-ray, or light and creates polygon meshes or intense point clouds. These devices are also known as white light scanners, 3D digitizers, Light Detection and Ranging (LIDAR), or laser scanners.
The global aerial imaging market is projected to reach USD 3.3 billion by 2024. It will grow at an estimated 13.5% CAGR over the forecast phase (2016-2024). Aerial imaging or imagery involves capturing ground images using unmanned aerial vehicles (UAVs).
According to a recent study by Hexa Research, the global 3D gaming console market is predicted to grow at a lucrative pace (over 12% CAGR) during 2016 to 2024 (forecast period). Analysts have anticipated market volumes to exceed 61 million units by 2024.
The worldwide atmospheric water generator market stood around USD 920 million in 2015. It is estimated to grow at over 20% CAGR over the forecast period (2016-2024). The industry can reach about USD 5 billion by 2024.
The global light fidelity (Li-Fi) market is expected to witness substantial growth over the forecast period on account of the increasing adoption of communication technology and a number of internet users.
The global market for consumer drone is expected to witness growth in the future on account of its use in the agricultural sector and the law enforcement sector.
The global wireless charging market was valued at approximately USD 1.90 billion in 2014 and it is projected to grow at an approximate CAGR of over 60% over the forecast period of 2016 to 2024.
Increasing usage of home energy and use of renewable energy has made the manufacturers to realize the requirement for optimum energy management systems. The main need to conserve and optimize energy utilization is estimated to boost the home energy management systems market. Home energy management systems are devices
The LiDAR technology market is anticipated as growing market with the increasing requirement for 3-dimension imagery in various end-use segments. Noticeable drop in prices of LiDAR is also expected to spur the market growth.
Increasing demand of efficient building management system through various mobile devices is expected to drive the intelligent building automation system (BAS) market in coming five years.
Machining tools and systems have undergone significant increase in recent period. Increasing technological advancement coupled with research and development actions has forced to growth of smart machines. Smart machines are systems or devices that use machine to machine (M2M) technology, which allow them to make choices or solve problems without human intervention. These systems hold the capability of performing cyclic tasks at high accuracy and high speeds.
Increasing concern to reduce the energy consumption is expected to favor the smart homes market. Rising demand for light emitting diodes is expected to drive the market over the forecast period. Expansion of smart lighting technology in smart cities is further anticipated to boost the market growth over the next six years.
Intelligent Transportation System (ITS) market is expected to witness substantial growth over the forecast period. This can be attributed to its ability to enhance performance, reduce accidents, optimize fuel consumption and enable multimodal transport through integration of Information and Communications Technology (ICT).
Software Defined Networking (SDN) involves the division of the control plane and forwarding plane within a network. This becomes useful for efficient data flow control, and offers network administrator with a software-oriented approach to administer the network. As compared to SDN which provides a centralized controller, in conventional network architectures, each network device requires to be configured individually.
High definition has been a major trend in smart devices and offers users a better viewing experience. In the past few years resolution and screen size have changed extremely due to technological development. Change from standard to high definition screen is expected to drive the market growth over the forecast period.This rising trend of high resolution screen displays has led to the advancement of Ultra High Definition televisions also known as 4K televisions.
Minimum wastage of raw material in 3D printing technology is a factor driving the 3D printing market. 3D printing technology enables the physical production of object which was earlier manufactured by traditional method 3D printing technology is emerged as a process of prototyping the object to make actual usable parts and products.