The global adiponitrile market was estimated at USD 8.5 billion in 2018 and is expected to expand at a revenue-based CAGR of 4.9% from 2019 to 2025. Increasing the use of adiponitrile in the manufacturing of Hexamethylenediamine (HMDA) to produce polyamide 6,6 (Nylon 6,6) resin is anticipated to fuel the market growth.
The automatic identification and data capture market was valued at USD 35.69 Billion in 2018 and is expected to reach USD 72.00 Billion by 2023, at a CAGR of 12.30% during the forecast period. Factors such as rising government regulations and growing opportunities from supply chain management and healthcare industries are expected to support the growth of players in the automatic identification & data capture market.
The global well intervention market is projected to reach USD 8.8 billion by 2025 from an estimated USD 7.1 billion in 2020, at a post COVID-19 CAGR of 4.5% during the forecast period. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the well intervention market.
Global Guitar Market is valued at USD 432.34 Million in 2019 and expected to reach USD 503.48 Million by 2026 with the CAGR of 2.20% over the forecast period.
Aircraft tugs with towbars have prevailed as a traditional go-to equipment for towing aircrafts. However, the aircraft tugs with towbars have been associated with limited speed, cost-intensive staff training, and time-intensive installation. Recognizing these concerns the aircraft tugs manufacturers have been joining forces for the development of advanced solution to offset operational risks and uncertainties related to towing aircrafts. This has further led the development of towbarless aircraft tugs. Collaborative development of eJP Towbarless Tug by Eagle and Tronair is a key example of such development in the recent past.
The global drug discovery informatics market is projected to reach USD 3.5 billion in 2025 from USD 2.2 billion in 2020, at a CAGR of 9.3% during the forecast period. Market growth is largely driven by factors such as the rising R&D expenditure, growing support for research, especially in the area of rare diseases, and the increasing use of informatics in drug discovery. However, the scarcity of skilled professionals and the high setup cost of informatics software are expected to limit market growth to a certain extent.
The demand for clinical microbiology testing techniques has witnessed a steady growth during the last decade owing to the rising prevalence of major infectious diseases. With an expected rise in the global burden of infectious diseases, the demand for clinical microbiology techniques utilized for microbial identification and antimicrobial susceptibility testing against pathogens is expected to witness significant growth during the forecast period. This provides an opportunity for major market players to manufacture microbiology products to cater to ongoing research studies and meet the rising market demand for effective and specific disease diagnostic products across the globe.
The global wheat protein market is estimated at USD 2.04 Billion in 2017 and is projected to reach USD 2.58 Billion by 2022, at a CAGR of 4.8% from 2017. The wheat protein market has been largely driven by the growing demand for bakery products, the increasing popularity of plant-based foods, wheat protein being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers.
According to a Cisco study, in the year 2019, online video streaming will account for 90% of the Internet traffic[1]. The telecommunications marketplace has not missed this update, and capitalized majorly on this factor. Smart TVs, one of the latest and most important electronic inventions, has made entertainment streaming a cakewalk. Smart TV market companies and online streaming services have developed a symbiotic relationship where the latter benefits from the large screens, and easy connectivity, and smart TVs make use of the plethora of options offered by streaming
. The forecast period 2019-2025 is expected to show significant growth in Global Smart Jump Rope Market. There will be a new resurgence in the sales and utilization of smart jump rope product. Are you ready to cope up with growing market? No, then have a look at our report overview and send your query to us.