Streaming Devices Industry Analysis, Statistics, Trends, and Forecast Report by 2024

Streaming Devices Market was estimated at over USD 5 billion with shipments of over 60 million units in 2016, and is set to reach USD 25 billion by 2024; according to a new research report by Global Market Insights, Inc. The global unit shipments will grow at over 15% CAGR from 2017 to 2024. A prime factor contributing to the high adoption of the streaming devices industry is the rising penetration of cloud services in the media and entertainment sector. Pay-per-use Over-the-Top (OTT) services such as Netflix and Hulu contain immense video libraries stored at remote servers that allow their subscribers … Continue reading Streaming Devices Industry Analysis, Statistics, Trends, and Forecast Report by 2024

Industrial Robotics Market to surpass $80bn by 2024

Industrial Robotics Market was valued at over USD 35 billion in 2016, and is set to exceed USD 80 billion by 2024; according to a new research report by Global Market Insights, Inc. Industrial robotics market is expected to grow at a significant pace, owing to the continuing trend of automation across several end-use industries. Robots are being increasingly adopted by the companies to perform repetitive or risky tasks such as deburring, grinding, part inspections, and bin-picking. Automation through this equipment enhance efficiency of several processes ranging from raw material handling to the packaging of the finished product. The adoption of … Continue reading Industrial Robotics Market to surpass $80bn by 2024

Gas Sensors Market Present Scenario and Growth Prospects from 2017 to 2024

The recent years have witnessed gas sensor market observing a paradigm shift in their application spectrum. Conventionally constrained to be deployed in industrial leak detection systems and carbon dioxide alarms, gas sensor, as on today, are being utilized for a plethora of other domains – right from automotive and petrochemical to the emerging ones such as consumer electronics and medical. One of the most pivotal reasons responsible for myriad innovations in gas sensors industry is the emergence of the smart era. Companies have been brainstorming advancements left right and center, to manufacture gas sensor for smart homes and cities. Recently for instance, … Continue reading Gas Sensors Market Present Scenario and Growth Prospects from 2017 to 2024

Airport Security Market to grow at 7% CAGR from 2017 to 2024

The commercialization potential of airport security market has escalated immensely over the recent years, subject to the relentless threat of terrorism and aviation crimes plaguing the global landscape. Aviation industry being at the center of international and domestic transportation plays a crucial role in driving nation’s economic growth. Airport security industry space is thus highly affected by demographic, political, and regulatory changes. The catastrophic bombarding at Brussel’s airport and explosion at Maelbeek metro station is difficult to go unnoticed in this regard. Reportedly, the accident bears a record of 31 casualties and severe injuries of almost 270 civilians. As an aftershock of … Continue reading Airport Security Market to grow at 7% CAGR from 2017 to 2024

X-Ray Security Screening System Market to grow at 5% CAGR from 2017 to 2024

X-Ray Security Screening System Market size was estimated at over USD 2 billion in 2016, and is set to exceed USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc. X-ray security screening system market is expected to grow over the estimated timespan, owing to the increasing adoption at the border crossing points to ensure safety and security. Persisting risk of terrorist attacks has encouraged the investment form the aviation sector. The systems are increasingly being implemented in the airports to prevent the harm to passengers, aircrafts, & crew and enhance national security, thus propelling … Continue reading X-Ray Security Screening System Market to grow at 5% CAGR from 2017 to 2024

Global Consumer Electronics Industry to hit $1,500bn by 2024

Consumer Electronics Market size was valued at over USD 1,100 billion in 2016, and is estimated to surpass USD 1,500 billion by 2024; according to a new research report by Global Market Insights, Inc. Technological advancements in devices including smartphones, earphones & headphones, speakers and household appliance is anticipated to fuel the consumer electronics market growth. The growth is also characterized by the improving purchasing power of individuals across emerging economies coupled with the growing penetration of energy-efficient appliances. The rapid proliferation of wireless technologies such as Wi-Fi, NFC, and Bluetooth, provides ample growth opportunities to the consumer electronics market. The … Continue reading Global Consumer Electronics Industry to hit $1,500bn by 2024