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Showing posts from October, 2020

Farm Equipment Market - Forecast

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  Farm Equipment Market Overview: Farm equipment covers an extensive range of equipment engaged at several stages of agriculture such as land development, sowing, planting, cultivation, harvesting, and threshing. The range varies from the simplest tools such as hand trowel to fertilizers, plow, harrow, fertilizer spreader, seeder, and high-end engineered tractors. The World Bank has estimated that the demand for food will upsurge by 70% by 2050 and an $80 billion annual investment will be required to meet the objectives. Such alarming ultimatum calls for efficient farming techniques and hence advanced farm equipment are the catch and has the potential to divert mandatory investments into its own pocket.  As per the market outlook foreseen by a recent IndustryARC business intelligence report, the farm equipment market size ranges from $170 billion to $175 billion and is forecast to grow at a global CAGR of around 6% going through 2025. Farm equipment are a global phenomenon but APAC is

Next Generation Crystal Oscillators Market - Forecast

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  Next Generation Crystal Oscillators Market Overview: The penetration of smartphones in the world is a well-known phenomenon, and their production is catapulting at a rapid rate. According to the Global Systems for Mobile Communications Association (GSMA), there were 4.6 billion mobile subscribers, and by 2020, around 5.7 billion people will have a mobile phone [1] .  This happens to be a major factor stroking the Next-generation crystal oscillators market which had a market size of 2 billion to 2.5 billion in the year 2018 according to IndustryARC’s market analyst. Moreover, based on the well-marshaled facts and market statistics, the analyst estimates that the next generation crystal oscillators market will grow at a considerable CAGR of more than 6% during the forecast period of 2019 to 2025.  China and other Asian countries such as Taiwan, India, and Indonesia have been dominant in the consumer electronics sector with incremented production each year. Now, consumer electronics uti

Computational Medicine and Drug Discovery Software Market - Forecast

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  Computational Medicine and Drug Discovery Software Market Overview The Computational Medicine and Drug Discovery Software Market size are forecast to reach $965.27 million by 2025, growing at a CAGR of 4.6% during the forecast period 2020-2025. Computational Medicine involves a combination of mathematics, engineering, and computer science. It is an emerging field that is devoted to developing for understanding the mechanisms, diagnosis, and treatment of human disease. The emerging trend of consuming personalized medicine and the advancement of information technology along with the advent of the fast and accurate computational platform has considerably reduced the time taken for drug discovery & development and are the major factors driving the growth of the market. Rising bioinformatics in drug discovery is set to further enhance the overall market demand for the Computational Medicine and Drug Discovery Software Market during the forecast period 2020-2025. Report Coverage The r

Coil Coatings Market - Forecast

  Coil Coatings Market Overview: As documented in the Steel Statistical Yearbook 2018 by the World Steel Association (WSA), global steel production was valued to be 1,690,479 tons, which is nearly 4% greater than that in 2016. The upsurge in steel production worldwide is attributable to the growing demand for steel from various sectors. Before used for fabrication, steel is being coated with coil coatings. The production growth of steel is significantly supporting the coil coatings market that had a market size of $5 billion as of 2018. Furthermore, the demand for coil coatings is estimated to increment at a healthy CAGR of 5% during the forecast period of 2019 to 2025. APAC has been observing rapid growth in the industrial sector for quite a few years. These industries chiefly include the construction and automotive sectors that are attributed to heavy use of metals that are coil-coated before end-use applications. The rising growth prospects in the real estate sector with an increasi

Automated Storage & Retrieval Systems Market - Forecast

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  The global revenue generated by Automated Storage and Retrieval Systems in 2020 was $6.7billion, owing to growing need for automation in the supply chain industry, the market is estimated to grow at a CAGR of 6.1% throughout the forecast period. Unit Load and Mini Load Systems account for 54% of the market in 2020 and are projected to grow at a high rate of 7.9% through 2026. APAC is the market leader in 2020 accounting for 38% of the market. The region is expected to grow at the highest rate of 7.4% through 2026. What is Automated Storage and Retrieval Systems? Automated storage and retrieval systems, often referred as AS/RS, are a type of warehouse technology wherein goods are automatically brought and placed back into storage. This is typically achieved by pairing the technology with warehouse execution software (WES) that manages the process and guides warehouse personnel process orders. AS/RS system has numerous advantages that help in making the warehouse or order fulfillment