PLC Software Market Present Scenario and Growth Prospects from 2018 to 2024

PLC Software Market is set to grow substantially over the forecast period owing to the rapid growth in industrialization in emerging economies. Increasing investments by various major players in the factory and process automation are key factors that drive the industry demand. PLC software is a significant component of factory automation due to its features such as real-time communications and high operating speed. Increasing labor costs in countries including China are compelling the factory owners to incorporate improved automation processes in the industries, contributing to the PLC software market growth. Advancements and innovations, such as enhanced communication and data sharing … Continue reading PLC Software Market Present Scenario and Growth Prospects from 2018 to 2024

Wireless Fire Detection System Market Trends Growth Forecast Research 2024

Wireless Fire Detection System Market size was estimated at approximately USD 300 million in 2017, and is set to reach 4 million units by 2024; according to a new research report by Global Market Insights, Inc. The growth of the wireless fire detection system market can be attributed to the increasing emphasis on preserving the building design, reducing asbestos, and improving the aesthetics coupled with the ease-of-installation of such systems. The establishment of various standard sand codes for radio fire alarm systems, such as the European Union’s directive EN54 Part 25, outlining the specific requirements and laboratory tests for components … Continue reading Wireless Fire Detection System Market Trends Growth Forecast Research 2024

Service Robotics Market Shipments to grow at 20% CAGR from 2017 to 2024

Service Robotics Market was valued at USD 8 billion in 2016, and is set to reach USD 22 billion by 2024; according to a new research report by Global Market Insights, Inc. The shipments are forecast to grow at over 20% CAGR from 2017 to 2024. The rising demand for robots with advanced capabilities to assist humans in everyday lives is anticipated to drive the service robotics market over the forecast timeline. The emerging trend of innovations from many engineering and scientific disciplines and technological advancements such as AI, machine learning, 3D sensors, machine vision, and big data analysis further … Continue reading Service Robotics Market Shipments to grow at 20% CAGR from 2017 to 2024

Silicon Photonics Market Growth, Trends, Product, Forecast Research, 2024

Silicon photonics market players are required to develop their own computer-aided design or computer-aided engineering software to develop these components, which escalates the initial manufacturing costs. Thermal effect issues that hamper the performance of devices coupled with high initial costs are further hampering the industry growth. The availability of substitute technologies such as Vertical-Cavity Surface Emitting Laser (VCSEL) that increases the data speed and improves the efficiency is anticipated to hamper silicon photonics market growth. Furthermore, VCSEL is available at a low cost, which makes it a preferred alternative for companies that have severe budgetary constraints, primarily SMEs. The thermal … Continue reading Silicon Photonics Market Growth, Trends, Product, Forecast Research, 2024

Infrastructure Monitoring Market Forecast & Business Opportunities 2017-2024

The infrastructure monitoring market in the Americas is anticipated to grow at a high rate owing to the tendency of early adoption of the latest advanced technologies in the region. Increasing government investments in the U.S., Brazil, and Canada to renovate the existing structures and undertake new construction projects are expected to boost the infrastructure monitoring market growth in the region. Asia Pacific is also projected to witness a high growth due to the rapid urbanization in economies including Japan, China, and India. The Cross-Ministerial Strategic Innovation Promotion Program (SIP) is undertaken by the government of Japan, which includes infrastructure … Continue reading Infrastructure Monitoring Market Forecast & Business Opportunities 2017-2024

Industrial Machine Vision Market– Business and Innovation Trends 2017-2024

Asia Pacific industrial machine vision market is predicted to witness a significant growth over the forecast timespan. The growth can be accredited to the increasing number of industries in emerging economies including China, India, Japan, and South Korea. An increase in the demand for consumer products in China is providing growth opportunities to the industrial machine vision market. The growing trend of the drift toward 3D-based industrial machine vision systems is expected to propel the regional market growth. Rising government initiatives to encourage the growth of smart factories are propelling the industrial machine vision market growth. Governments across various emerging … Continue reading Industrial Machine Vision Market– Business and Innovation Trends 2017-2024

Cleaning Robot Market Forecast & Business Opportunities from 2017 to 2024

North America cleaning robot market holds the largest share owing to the tendency to adopt advanced technologies and the developed economic conditions of the region. Growing urbane lifestyle of consumers and high disposable incomes are expected to propel the demand for these devices in household applications. Asia Pacific is anticipated to grow at a significant pace owing to the changing lifestyles of people and increasing awareness about the latest technological developments. Increase in the consumer disposable income in the region is a major factor driving the Asia Pacific cleaning robot market. The growth in the industrialization sector in Asia Pacific … Continue reading Cleaning Robot Market Forecast & Business Opportunities from 2017 to 2024