The Global Industrial Gasket Market is estimated to reach USD 11.6 Billion by 2024 at a CAGR of 5.4 %. Industrial gaskets are sealing materials placed between the connecting flanges which will help to maintain the leakage proof sealing in all the operations by creating a static seal. The primary function of gaskets is to retain the internal pressure and prevent the liquids, gases, and contaminants to escape from the assemblies in the industries. The Asia Pacific is one of the fastest growing regions in the industrial gasket market owing to factors such as stable economic growth, increased consumption of manufactured goods, continuous technology innovation, and expanding manufacturing base, amongst others.
The global blockchain in media, advertising and entertainment market is estimated to reach USD 1.3 Billion in 2024 at a CAGR of 81.6%. Increasing in digital platform, rising adoption for general data protection regulation (GDPR), increasing secure transfer of copyright assets, and growing in streaming video-on-demand (SVOD) and over-the-top media services (OTT) subscription are expected to drive the blockchain in media advertising and entertainment market. However, copyright violation issues are act as a restrain to the market during the forecast period. Growing in demand for cloud technology and high adoption of technologies such as artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) is identified...
The Global Behavioral Biometrics Market is estimated to reach USD 3.07 Billion in 2024 at a CAGR of 23.2%. Rising demand for cloud computing, rising combat malware and robotic activities, increasing digitization in financial services, and adoption digital services in healthcare expected to drive the market during forecast period. However, cybercrime and fraud issues act as a restrain to the market during next five years. Advancing machine learning algorithms, growing demand for fingerprint sensor and EMV technology, and highly adoption of artificial intelligence is identified as an opportunity in this market.
The Global Automotive Safety System Market is estimated to reach USD 152.7 Billion by 2024 at a CAGR of 10.1 %. The automotive safety system is designed to provide safety to the vehicle occupants by minimizing injuries caused by sudden jerks or accidents. These systems are classified into two segments, active safety systems, and passive safety systems. An active safety system plays an important role in reducing crashes and accidents by providing the driver with additional assistance in controlling the vehicle. This system is mostly electronic and controlled by a computer onboard. A passive safety system helps to protect vehicle occupants by reducing further injuries during the time of an accident. Seat belts and airbags are the common...
The global automotive communication technology market is estimated to reach USD 16.1 Billion in 2024 at a CAGR of 17.8 %. Growing demand for automotive electronics and supportive government regulations for reduction in automotive emission and improvement in vehicle safety is expected to drive the automotive communication technology market during the forecast period. However, high installation cost and limited reliability of electronics architecture are expected to restrain the market during the forecast period. Increase in demand for luxury vehicles and development of the autonomous vehicles is expected to become an opportunity for automotive communication technology system market.
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