The global biometrics technology market is expected to witness a CAGR of 20.1% during the forecast period 2021-2027. Owing to its unique identification technique and high security, biometrics technology is used for various applications in industries such as defense, government, healthcare, banking, commercial security, and others (gaming, automobile, retail, and hospitality). This is estimate to p . . .
The global automotive wire harness market is expected to grow at a considerable rate i.e., USD $75 billion by 2027, with a CAGR of 5.8% during the forecast period 2020-2027. Increasing the integration of electronic devices into vehicles has a positive impact on the wire harness market. This ensures safety, increases performance, fuel-efficient, and low probability of electrical shortage. Comp . . .
The global wafer cleaning equipment market is growing at a significant rate i.e. expected to grow to USD 12.93 billion by 2027, at a CAGR of 9.95% during the forecast period 2020-2027 during the forecast period 2021-2027. The growth of the electronics and semiconductor industry is the primary driver for the global wafer cleaning equipment market. The increasing trend of tablets and smartphones wil . . .
The global service robotics market is growing at a significant rate i.e. projected to reach USD 125 billion by 2027. It will grow at a CAGR of 24.7% during the forecast period 2021-2027. The service robotics industry is booming worldwide because of the increase in the geriatric population requiring assistance and use in various industries such as defense, logistics, agriculture, healthcare, constr . . .
The global electronic commutated motors market is growing at a constant pace and is expected to reach USD$ 7.1 billion by 2027, thus anticipating a CAGR of 5.8 % during the forecast period 2021-2027. Electronically Commutated Motors are the favorable option in fractional horsepower applications and they have high savings when used in air-conditioning and refrigeration systems. EC motors are . . .
The global digital check scanning solutions market is anticipated to grow at an exponential rate i.e., expected to rise to USD $2.90 billion by 2027, with a compound annual growth rate of 9.8 percent during the forecast period 2021-2027. Banks and financial institutions are creating awareness regarding the usage of digital check scanners owing to mounting cases of fraud. The digital check scanning . . .
The global omega-3 market is anticipated to grow at a significant rate i.e., at a CAGR of 10.1%, and to reach USD 9.3 billion during the forecast period 2021-2027. Innovative product portfolios, growing awareness among the consumers about the health and nutritional benefits, favorable regulatory environment, increase consumer demand for plant-based products, and creating awareness regarding the us . . .
The global market for machine vision and vision-guided robotics market is anticipated to grow at a considerable rate and is expected to reach USD 12.08 Billion by 2027, growing at a CAGR of 9.61% during the forecast period 2021-2027. The global machine vision and vision-guided robotics market are driven by the rise in demand for smart cameras for optical character recognition and pharmaceutical pa . . .
The global market of Gallium Nitride is expected to grow at a substantial rate with a CAGR of 9.6% and revenue is expected to rise to USD $220 million for the forecast period 2021-2027. Gallium nitride is widely used in semiconductor devices. The increasing use of gallium nitride technology devices as they have high-frequency, high-voltage, and high-temperature applications will propel the growth . . .
The global market for anxiety and depression treatment products is anticipated to grow at a significant pace i.e., USD 19.21 billion during the forecast period 2021-2027. There is an increase in awareness about mental health issues and their treatment, an increasing number of product approvals, and a huge population suffering from anxiety and depression are the key drivers for the growth of the an . . .