Blogs

TRIAC market

Impact of TRIAC on the Smart Automation Market

The TRIAC market is expected to grow at a CAGR of 2.79% over the forecast period to reach US$231.263 million by 2027 from US$190.806 million in 2020. TRIAC, or triode for alternating current, is a type of semiconductor device with three terminals,…
security as a service market

Security as a Service Redefining Security Solutions

The Security as a Service Market is projected to grow at a CAGR of 15.83% to reach US$18.554 billion by 2027. Security as a service (SaaS) is a business model in which a service provider integrates their security services into a corporate…
monoclonal antibodies market

The Impact of Increasing Cancer Trend on the Monoclonal Antibodies Market Size

The monoclonal antibodies market is projected to grow at a CAGR of 7.12% to reach US$51.913 billion by 2027, from US$32.076 billion in 2020. Monoclonal antibody (mAb) treatment is a type of immunotherapy in which monoclonal antibodies bind…
enteral feeding devices market

Enteral Feeding Devices for Sustaining Adequate Hydration and Nutrition

The global enteral feeding devices market is evaluated at US$1,733.074 million for 2020 and is projected to grow at a CAGR of 4.26% to reach the market size of US$2,320.075 million by 2027. Enteral feeding, which includes oral and tube feeding,…
dry bulk shipping market

Global Supply Demand Driving Growth of Dry-Bulk Shipping Market

The global dry bulk shipping market is anticipated to increase at a CAGR of 10.10%, rising from US$257.554 billion in 2020 to US$505.242 billion by 2027. Dry Bulk shipping refers to ships that transport commercial dry materials in 'loose' bulk…
passenger information system market

Passenger Information System for Better Passenger Experience

The passenger information systems market is anticipated to increase at a CAGR of 21.84% for the forecast period, from US$7.522 billion in 2020 to a total market value of US$29.99 billion by 2027. The Passenger Information System, or PIS, is…
wireless audio devices market

Wireless Audio Devices: Listen Without Any Tangles

Wireless Audio Devices Market is projected to grow at a CAGR of 16.96% to reach a market size of US$54.456 billion by 2027. Radio frequency (RF) waves are used by wireless audio devices to receive audio signals instead of audio cords. A Wi-Fi…
terahertz technology market

Terahertz Technology: Providing Thorough Vision

The Global Terahertz Technology Market is expected to grow at a CAGR of 25.83% to reach US$1,670.976 million by 2027. The only portion of the entire electromagnetic wave spectrum that has not seen technical and economic development is the terahertz…
self-checkout systems market

The Surge in Self-Checkout Systems Market in Today’s Cashless-Driven World

The self-checkout systems market was valued at US$11.041 billion in 2020 and is projected to increase at a CAGR of 19.44% to reach US$38.295 billion by 2027. Self-checkout systems are automated systems used in the retail, grocery, and hospitality…
smart vending machine market

The Impact of the E-commerce Industry on the Smart Vending Machine Market

The global smart vending machines market is expected to grow at a CAGR of 13.30% from a market value of US$4.807 billion in 2020 to reach up to US$11.522 billion in 2027. A vending machine is a machine that dispenses things kept within it in…
smart vending machine market

Automotive Industry to Steer the Growth of Servo Motors and Drives Market

The servo motors and drives market is expected to grow at a CAGR of 6.01% over the forecast period 2020 to 2027. Machines that need precise position control typically use servo motors and drives. Electric servomechanisms are driven by specifically…
smart vending machine market

The Rising Influence of the Oil & Gas Industries on Subsea Systems

The subsea systems market is projected to grow at a CAGR of 3.46% to reach US$15.588 billion by 2027, from US$12.282 billion in 2020. Subsea systems provide perfect options for high oil recovery in mature offshore wells while being cost-effective…