Demand for Efficient, Safe, and Cost-effective Industrial Vehicles Boost Industrial Vehicles Market Growth The integration of autonomous industrial vehicles such as autonomous industrial vehicles (IVs) represents a transformative phase in the industrial vehicles market, fueled by improved efficiency, reduced maintenance costs, and enhanced safety records. Autonomous industrial vehicles, operating within geofenced topographies and adhering to […]
Smart Elevator Market was valued at US$ 18.70 Billion in 2023 and is expected to reach to US$ 43.92 Billion by 2031; it is estimated to record a CAGR of 11.3% from 2023 to 2031
Rapid Technological Advancements to Drive Smart Elevator Market Growth During Forecast Period Rapid technological advancements have revolutionized daily lives of consumers, and one area that has greatly benefited from this progress is vertical transportation. Smart elevators, equipped with cutting-edge technology and intelligent systems, have emerged as a game-changer in the industry. However, these elevators transform […]
Payment Processing Solutions Market was valued at US$ 118.84 Billion in 2022 and is expected to reach to US$ 259.62 Billion by 2030; it is estimated to record a CAGR of 10.3% from 2022 to 2030
Growing digital transformation and expansion of the e-commerce sector is expected to drive the global payment processing solutions market during the forecast period. Digitalization has surged the adoption of smartphones and online businesses and increased the need for internet services across the globe. Digitalization mandates businesses to perform business activities online to attract more consumers […]
Valve Actuator Market was valued at US$ 15.78 Billion in 2023 and is expected to reach to US$ 23.52 Billion by 2031; it is estimated to record a CAGR of 5.0% from 2023 to 2031
Rising Development of Water and Wastewater Treatment Plants to Fuel Valve Actuator Market Growth During Forecast Period With the population growth and rise in industrialization worldwide, there is a growth in the residential, commercial, and industrial sectors. A sizable volume of untreated wastewater from commercial, residential, and agricultural sources is dumped into rivers and other […]
Track & Trace Market was valued at US$ 10.42 Billion in 2022 and is expected to reach to US$ 33.48 Billion by 2030; it is estimated to record a CAGR of 15.7% from 2022 to 2030
Increasing Adoption of Transparent Transportation Drives Track & Trace Market Growth Tracking is the act of following the movement of a shipment or an asset. Tracing refers to tracking the passage of a shipment, property, or even the package’s temperature. Track & trace solutions strive to create a transparent end-to-end supply chain, allowing relevant parties […]
Vision Sensor Market was valued at US$ 3.28 Billion in 2022 and is expected to reach to US$ 8.33 Billion by 2030; it is estimated to record a CAGR of 12.4% from 2022 to 2030
Growing funding and investment in developing and advancing vision sensors and a rising number of startups are factors driving the vision sensor market growth. For instance, in July 2022, AlpsenTek, founded in 2019, a Chinese vision sensor startup, raised US$ 30 million in funding from Xunxing Investment to expand its R&D activities. AlpsenTek is continuously […]
UV Disinfection Equipment Market was valued at US$ 5.08 Billion in 2022 and is expected to reach to US$ 14.18 Billion by 2030; it is estimated to record a CAGR of 13.7% from 2023 to 2030
Disinfection is an inevitable process in hospitals, as it contributes to the safety and security of patients. Hospital facilities are highly exposed to harmful bacteria, viruses, and fungi that can harm the well-being of patients and healthcare workers, visitors, newborns, etc. These healthcare-associated infections (HAI) are commonly transmitted through hospitals, end-stage renal disease facilities, ambulatory […]
Spatial Computing Market was valued at US$ 86.52 Billion in 2022 and is expected to reach to US$ 407.20 Billion by 2030; it is estimated to record a CAGR of 21.4% from 2022 to 2030
Increasing Adoption of Mobile Augmented Reality (AR) to Drive Spatial Computing Market Growth During Forecast Period The report includes growth prospects in light of current spatial computing market trends and driving factors influencing the market growth. Penetration of mobile augmented reality (AR) is expected to become an emerging trend in the market in the coming […]
Virtual Reality Puzzle Games Market was valued at US$ 293.85 Million in 2022 and is expected to reach to US$ 525.66 Million by 2030; it is estimated to record a CAGR of 7.5% from 2022 to 2030
Increased Popularity of Puzzle Games Drives Virtual Reality Puzzle Games Market Growth Individuals of all ages enjoy puzzle games. From traditional jigsaw puzzles to modern VR experiences, these games have captivated individuals’ minds and provided hours of entertainment. One of the main reasons puzzle games are so popular is the challenges they offer. People have […]
Vision Guided Robotics Software Market was valued at US$ 1.82 Billion in 2022 and is expected to reach to US$ 6.03 Billion by 2030; it is estimated to record a CAGR of 16.1% from 2022 to 2030
Vision-guided robotics software is experiencing significant demand across applications such as arc welding, cutting, assembly, navigation, palletizing, machine tending, random bin picking, and collaborative robots. The demand for automation across industries is continually rising in developed and developing regions. With technological advancements in robotics, the customization of products for specific applications to enhance work flexibility […]