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Non-dispersive Infrared (NDIR) Market Share to grow at a CAGR of 7.2% by 2025

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The   NDIR Market   Size is projected to reach USD 535 million by 2025 from an estimated USD 379 million in 2020, at a CAGR of 7.2% from 2020 to 2025. Increasing demand for NDIR CO2 sensors in the food processing & storage industry and growing focus on worker safety across industries are among the factors driving the growth of the NDIR Market. Carbon Dioxide Segment to projected to register the highest CAGR between 2020 to 2025 The carbon dioxide is a prime gas in the environment and is closely related to the daily life functions and activities of humans. The concentration of carbon dioxide compared to other gases is more in the environment. It is also responsible for increased global warming. Thus, it is important to monitor the CO2 levels in the atmosphere to protect the environment, and human, and animal life. Thus, the NDIR CO2 sensors and modules segment is projected to grow at the highest CAGR during the forecast period. Download PDF Brochure @  https://www.mark...

Laser Marking Market Revenue and Forecast 2024

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The Overall   Laser Marking Market   is expected to grow from USD 2.1 billion in 2018 to USD 3.0 billion by 2024, at a CAGR of 6.0%. Increasing adoption of laser marking cross end-user verticals and enhanced performance of laser markers over traditional material marking techniques are the key factors driving the growth of this market. Fiber Laser Type expected to gain significant share of Laser Marking Market by 2024 Fiber laser type is estimated to account for the largest share of the Laser Marking Market during the forecast period. Features such as high output power, flexible fiber light, compact size, and high optical quality have contributed to the growth of the fiber laser segment. A fiber laser uses an optical fiber doped as an active gain medium. Fiber laser comes in various power modes (continuous wave or modulated modes) and is suitable for laser marking and engraving applications across the military, healthcare, semiconductor & electronics, and research verticals...

Touch Probe Market worth USD 736 Million by 2025

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The   Touch Probe Market   is estimated to reach USD 736 million by 2025 from USD 606 million in 2020 at a CAGR of 4.0%. The market growth is fueled by robust features of touch probe, aiding in the measurement of 3D part geometries, a rise in industry safety standards, and increasing automation in automotive manufacturing. “3D Touch Probe to hold largest size of Touch Probe Market from 2020 to 2025.” A 3D Touch Probe is used to scan an object in three dimensions—length, breadth, and height. The 3D touch probe scans the object systematically at many points to create a mesh of 3D points. It is majorly used in CNC machining applications for verifying the accuracy of the workpiece. The growing demand in the aerospace & defense industry for the manufacturing of components of an aircraft is fueling the demand for automated CNC machining and CMM machines. The application of touch probes in CNC machining is thus expected to be driven by the growing demand for the aerospace & d...

Automated Passenger Counting System Market Share and Forecast 2025

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The   Automated Passenger Counting System Market   is expected to grow at a CAGR of 13.2% from 2020 to 2025. The passenger information system market was valued at USD 7.0 billion in 2019 and is projected to reach USD 8.9 billion by 2025; it is expected to grow at a CAGR of 12.5% during the forecast period. Government regulations regarding the requirement of transit data, surged demand for advanced solutions in the transportation sector, deployment of automated passenger counting systems to optimize operational costs of transit agencies, and increased demand for real-time transit information from passengers and proper fleet management by transit vehicle operators owing to COVID-19 are the key drivers for the growth of the Automated Passenger Counting and Information System Market. The Automated Passenger Counting and Information System Market includes major Tier I and II players like iris-GmbH Infrared & Intelligent Sensors (Germany), HELLA Aglaia Mobile Vision GmbH (German...

Smart Container Market Manufacturers and Forecast 2024

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The   Smart Container Market   is estimated to grow from USD 2.6 billion in 2019 and projected to reach USD 5.7 billion by 2024; it is expected to grow at a CAGR of 16.9% from 2019 to 2024. The most significant factor driving the growth of this market is the rise in the adoption of IoT connected devices by major shipping companies. This trend is gaining momentum, as a large amount of data is collected during the entire transportation process, from which various important insights can be extracted. With these insights, issues can be pinpointed, downtime can be reduced, and procedures can be streamlined, thereby improving operational efficiency in the maritime industry. A few other significant factors driving the growth of the Smart Container Market are the need for enhancing operational efficiency and safety in the shipping industry and growing concerns regarding the wastage of food and medical products due to temperature deviation. Download PDF Brochure @  https://www.mar...

Flexible Electronics & Circuit Market Trend Forecast 2026

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The   Flexible Electronics & Circuit Market   Size is projected to reach USD 48.5 billion by 2026 from an estimated USD 31.9 billion in 2021, at a CAGR of 8.8% from 2021 to 2026. The rising demand for consumer electronic devices is among the factors driving the growth of the Flexible Electronics & Circuit Market. By Application, OLED lighting segment is expected to record the highest CAGR during the forecast period The OLED lighting segment of the Flexible Electronics Market, based on application, is expected to record the highest CAGR during the forecast period. Flexible OLED lighting solutions are expected to be increasingly used in the automotive industry by high-end car manufacturers, such as General Motors, Tesla, and Audi. The presence of prominent lighting solution manufacturers such as Acuity Brands, LG Display, and OSRAM is also expected to boost the Flexible Electronics Market for OLED lighting. Download PDF Brochure @  https://www.marketsandmarkets.com/...

Solid-State Transformer Market Future Trend Study 2030

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The   Solid-State Transformer Market   Size is expected to grow from USD 100 million in 2024 to USD 241 million by 2030 it is expected to grow at a CAGR of 15.8% from 2024 to 2030. The key factors driving the growth of the market include growing alternative energy sector, increasing investments in smart grids and energy systems. “Voltage level-wise, HV/MV segment expected to capture larger market size of overall Solid-State Transformer Market in 2024“ The HV/MV segment is expected to account for the larger share of the Global Solid-State Transformer Market in 2024. The growth of the HV/MV segment of the Solid-State Transformer Market can be attributed to the increased adoption of these transformers in renewable power generation applications. The typical applications of HV/MV solid-state transformers are offshore wind turbines with HVDC/MVAC configurations. HV/MV solid-state transformers with these configurations have a lower weight/volume ratio than passive transformers, makin...