The global medical device testing services market is estimated to surge at a CAGR of 6.59% from a market value of USD9.551 billion in 2019 to achieve a market value of USD14.007 billion by the end of 2025.Medical device testing services is the most commonly utilized testing services and solutions that are performed within the medical industry. Hence with the growing medical device industry at the global level, the market is projected to hold strong growth prospects during the forecast period. Th Read more...
The Laboratory Supplies market was valued at US$30.121 billion in 2019. Global spending on R&D has reached a record high of almost US$ 1.7 trillion. About 10 countries account for 80% of spending. As part of the Sustainable Development Goals (SDGs), countries have pledged to substantially increase public and private R&D spending as well as the number of researchers by 2030. Moreover, there have been continuous investments to fuel the expansion of R&D facilities, especially life sc Read more...
Global Testing Equipment and Services market was valued at US$443.651 billion in 2019. Strict regulations regarding quality inspection and testing services is the major driver of global testing and equipment market. Additionally, penalties are imposed on firms for not conforming to the guidelines and regulations that are in place by government organizations to prevent any mishap or accident that can be caused to the consumer due to poor quality products. For example, federal law in the U.S. Read more...
The global commercial aerospace testing market was valued at US$23.470 billion in 2018 and is expected to grow at a CAGR of 0.09% during the forecast period to reach a total market size of US$23.591 billion in 2024. Increasing number of aircraft deliveries owing to growing global travel and tourism industry is one of the major drivers of aerospace testing market. Stringent aviation regulations regarding aircraft safety across different countries is further boosting the demand for aerospace tes Read more...
Global Pin Inspection Equipment market is projected to grow at a CAGR of 5.12% during the forecast period. The pin inspection equipment is the quality checker of PCB pins for helping in ruling out any defects such as missing or potential pin offsets, and for identifying co-planarity. Growing miniaturization of electronics is the major driver of the pin inspection equipment market. Increasing usage of PCB components in electronics is boosting the demand for pin inspection equipment. As such, Read more...
Armored vehicles MRO market is projected to grow at a CAGR of 5.26% during the forecast period, reaching a total market size of US$7.461 billion in 2024 from US$5.485 billion in 2018.Armored vehicles are protected by uranium or stainless-steel and equipped with robust weapons, which needs proper maintenance, repair, and operations. Aging military equipment, internal and external security threats, and technological advancements are the drivers of the market. The armored personnel carrier (APC) Read more...
The aerospace testing market was valued at US$23.470 billion in 2018 and is expected to grow at a CAGR of 0.09% during the forecast period to reach a total market size of US$23.591 billion in 2024. Increasing number of aircraft deliveries owing to growing global travel and tourism industry is one of the major drivers of aerospace testing market. Stringent aviation regulations regarding aircraft safety across different countries is further boosting the demand for aerospace testing service, thus p Read more...
The global NVH Testing equipment and services market is projected to grow at a CAGR of 4.47% to reach a value of US$7.824 billion by 2025, from US$6.019 billion in 2019. Growing demand for automobiles is significantly driving the market growth of NVH testing equipment globally. Noise, vibration, and harshness have a negative impact on the performance of the vehicle and cause discomfort to the driver and occupants, thus this increasing the demand among consumers for vehicles with increase Read more...
Track Geometry Measurement System is used to measure the geometry parameters of a railway track. The system provides precise and reliable data in order to schedule short term and long-term maintenance of tracks and thus avoid train accidents. The Track Geometry Measurement System market is expected to have a significant market growth due to the presence of a number of standards and regulations in the railway industry and the increasing demand for TGMS system to comply with them. Demand for the Read more...
The U.S. automotive Selective Catalytic Reduction (SCR) systems market was valued at US$XX.XX billion in 2018 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2024. The growth of this market is being driven by stringent regulations regarding emission control in vehicles running on diesel or gasoline engines. The US Environmental Protection Agency (EPA), in accordance with the Clean Air Act, establishes stringent federal s Read more...
