The global Machine Vision Market is estimated to be USD 9.5 billion in 2020 and is predicted to reach USD 12.9 billion by 2025, growing at a CAGR of 6.0% during the forecast period.

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Some of the major factors responsible for the growth of machine vision across the globe are growing demand for quality inspection and automation in various industrial verticals, rising demand for vision-guided robotic systems across the various industries such as chemical, food & beverage, pharmaceutical, packaging, and automotive industries.

On the basis of application, the global machine vision market is categorized into quality assurance & inspection, positioning & guidance, measurement, and identification. In 2020, the quality assurance and inspection segment is expected to be the largest among all the segments and is projected to maintain its dominance, over the study period.

Asia-Pacific is the largest revenue contributor in the machine vision market. The Asia-Pacific region, in particular countries such as China, Taiwan, Japan, South Korea, and India, are experiencing increase in terms of adoption of machine vision products and solutions compared with other regions.

Some of the major players in the global machine vision industry include Microscan Systems, Inc., Basler AG, OMRON Corporation, Keyence Corporation, Cognex Corporation, National Instruments Corporation, Intel Corporation, ISRA Vision, Sick AG, and FLIR Systems.

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The global automotive V2X market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% during the forecast period.

Increasing demand for connected vehicles is the key trend that is expected to bolster the growth of global automotive V2X market. Connectivity is becoming a crucial factor in the transportation system as more and more consumers are adopting this vehicle.

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On the basis of communication type, the global automotive V2X market is subdivided into Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G), Vehicle-To-Pedestrian (V2P), Vehicle-To-Vehicle (V2V), Vehicle-To-Network (V2N) and Vehicle-To-Home (V2H).

On the basis of technology, the global automotive V2X market is subdivided into emergency vehicle notification, intelligent traffic systems, parking management system, automated driver assistance, fleet & asset management, passenger information system, non-line of sight, backing, line of sight and others.

Geographically, North America is the largest automotive V2X market in terms of revenue. The growth of this market in this segment is attributed towards technological progressions being undertaken in countries such as Canada and the U.S. that enables increasing acceptance of automotive V2X in this region.

Some of the key players operating in the automotive V2X industry are Qualcomm, Inc., TomTom International B.V., Continental AG, HARMAN International, Infineon Technologies AG, Delphi Automotive LLP, Robert Bosch GmbH, Cisco Systems, Inc., NXP Semiconductors, and Mobileye.

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Electric Vehicle (EV) and Electric Vehicle (EV) Infrastructure market size is estimated to reach 3.5 million units in 2020. The EV and EV infrastructure market is primarily driven by strong government intent towards its pledge to reduce air pollution through favorable policies, tax rebates, and subsidies. Moreover, advancements in the technology is helping in substantial cost cuts. This will increase its affordability to the people of lower section of the society in the developing world.

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By vehicle type, the global EV and EV infrastructure market is bifurcated into passenger cars and commercial vehicles. In 2019, the passenger cars segment accounted for the largest share in the overall market. This share is attributed to robust initiatives by France, Italy, Canada, the United Kingdom, the United States and other developed economies to improve the adoption of EVs.

On the basis of charging station, the EV and EV infrastructure market is categorized into normal and super charging stations. In 2019, the normal charging station segment accounted for largest share in the EV and EV infrastructure market. The segment is also expected to register highest growth rate among the two. By investing heavily in charging infrastructure, government stimulus packages in the future could enable the EV economy to overcome the economic crisis triggered by COVID-19.

North America had a large market share in terms of sales in 2019. This share is attributed to the increasing need for electric cars in the United States. Canadian government introduced Project Arrow, in January 2020 to connect industry, academia network to fasten it goal of zero emission concept vehicle. In line with this recently, in May 2020, partly funded by government, Coquitlam, announced five more user pay charging facility by 2021, totaling to its overall 13 electric charging station across the country.

Some of the major players in the market for electric vehicle and electric vehicle infrastructure are Tesla, BYD, BMW, Volkswagen, Nissan, LG Chem, Panasonic, Chery, SAIC, and Bosch, among others. Tesla is one of the leading players on this market. The company continuously delivers new advanced electric vehicles and charging technologies. Despite the effect of COVID-19, Tesla sold more than 88,000 electric vehicles in the first quarter of 2020, surpassing deliveries of Volkswagen.

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The global water treatment chemicals market is estimated to be USD 29.9 billion in 2020 and is predicted to reach USD 34.9 billion by 2025, growing at a CAGR of 3.1% during the forecast period (2020–2025).

Advancement of IoT for water treatment along with the advancement of self-cleaning filters for industrial water treatment are the key trends observed towards the growth of global water treatment chemicals market. The water management process in developed countries has observed improvement with the use of Internet of Things and sensors technology and is gaining huge popularity globally.

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Use of IoT in water management system is considered to be a differential growth and innovation factor and key players are investing towards it. However, due to high cost certain countries are not able to adopt the technique and are thereby searching for alternatives towards water treatment and investing in water treatment chemicals is thus gaining momentum.

Corrosion inhibitors category is expected to witness the highest CAGR during the forecast period

Based on type, the global water treatment chemicals is categorized into biocides & disinfectants, pH adjusters & softeners, scale inhibitors & dispersants, flocculants, coagulants, corrosion inhibitors, and others. Amongst these segments, corrosion inhibitors are expected to witness highest CAGR during the forecast period. Technological advancement in the water treatment industry and utilization of treatment equipment is expanding that is further escalating the growth of corrosion inhibitors globally.

Geographically, North America was the largest revenue contributor in water treatment chemicals market in 2019. The growth of water treatment chemicals market in this region is attributed towards increasing measures and regulations undertaken by the government authorities towards reuse and recycle of wastewater. Furthermore, water treatment chemicals are gaining extensive popularity in oil & gas and mining industries in the region. Water treatment chemicals in oil & gas industries is used for cleaning contaminated wastewater and is considered to be ost effective method for cleaning water, maintains purity of water with optimizing performance and thus reduce cost of the service providers.

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Some of the key players operating in the global water treatment chemicals market include Baker Hughes Incorporated, SAMCO, Chembond Chemicals Limited, The Dow Chemical Company, Akzo Nobel N.V., Arkema, Solenis, Kemira, BASF SE, Ecolab Inc, SNF Group, SUEZ, VASU Chemicals, and Johnson Matthey.

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Global Test and Measurement Equipment Market is estimated tobe USD 26.3 billion in 2020 and is predicted to reach USD 31.0 billion by 2025, growing at a CAGR of 3.3% during the forecast period. Some of the major factors responsible for the growth of test and measurement equipment across the globe are increase in uses in the IT & telecommunications sector, technological advancement, and increase in demand for electronic devices.

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Based on product, the global test and measurement equipment market is categorized into oscilloscopes, signal generators, multimeters, logic analyzers, spectrum analyzers, bit error rate test (BERT), network analyzers, power meters, electronic counters, modular instrumentation, automated test equipment [ATE], power supplies, non-destructive test equipment, machine vision inspection, and machine condition monitoring.

Asia-Pacific is expected to be the largest revenue contributor in the test and measurement equipment market during the forecast period. The Asia-Pacific region is a major industrial hub in the world, which includes automotive, electrical, and electronics. Asia-Pacific is the largest automobile manufacturer in the world.

Some of the major players in the global test and measurement equipment market include Keysight Technologies, Advantest, Rohde & Schwarz, Fortive, National Instruments, Anritsu, EXFO, Yokogawa Electric, Texas Instruments, and Teledyne.

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The global electric bus charging station market is projected to reach USD 11.4 billion by 2024, registering a CAGR of 9.5% during the forecast period. Increasing adoption of electric buses in public transportation system, supporting government initiatives and schemes, and growing investment towards charging station infrastructure are the major factors leading to the growth of the global electric bus charging station market.

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On the basis of type, the global electric bus charging station market is divided into depot charging, opportunity charging, and inductive charging. Of all, the depot charging category accounted for the largest share in 2018 in terms of sales volume. This is attributed to the increasing demand of private and public transport agencies towards overnight charging buses, depot charging stations have more similar operational characteristics to diesel buses.

The global electric bus charging station market is predominantly dependent on government support, funds, and schemes. Government sector use buses for public transport, military, transit services, and other purposes. Various countries across the region are focusing more on increasing the number of electric buses in their transportation systems.

Some of the key players operating in the global electric bus charging station market are Bombardier Inc., Schunk Carbon Technology, Ekoenergetyka-Polska Sp. z o.o., Heliox B.V., JEMA Energy S.A., Powerdale NV., ABB Ltd., Siemens AG, GH Energy Inc., China Potevio Co. Ltd., Qingdao TGOOD Electric Co. Ltd., Star Charge, Advanced Vehicle Manufacturing Inc., and Proterra Inc.

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The Increasing e-retail industry, growing investments by retail companies in AI technology, and growing mobile internet penetration are the major factors leading to the high demand of AI in retail market.

Based on offering, the global AI in retail market is categorized into solution and service, wherein solution category accounted for larger share in 2018. The category is expected to lead throughout the forecast period owing to the mounting adoption of AI technology by e-commerce companies.

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On the basis of technology, the global AI in retail market is segmented into machine learning, NLP, computer vision, and others. Among these categories, the machine learning category accounted for largest share in 2018, and also it is expected to witness fastest growth in the market during the forecast period.

Geographically, North America is the largest AI in retail market owing to the presence of several developed economies, such as the United States and Canada, concentrating on improving the current arrangements in the retail space. North America has the essential AI solution suppliers and is an early adopter of AI solution.

Some of the key players operating in the global AI in retail market are Industrial and Financial Systems (IFS) AB, Infor Inc., Ramco Systems Limited, Bentley Systems Incorporated, Rockwell Automation Inc., SAP SE, ABB Ltd., International Business Machines (IBM) Corporation, Schneider Electric SE, MRI Software LLC, CGI Group Inc., and AssetWorks LLC.

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Globally, key players in the aromatherapy market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In November 2015, doTERRA International LLC opened a new production center in Singapore, to allow better access to its essential oils and products.

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Escalating usage of aromatherapy at-home, the upsurge in disposable income, and mounting occurrence of chronic and lifestyle associated diseases are the primary growth drivers for aromatherapy market.

On the basis of application, the market is subdivided into relaxation, pain management, insomnia, skin and hair care, cold and cough, scar management, and others.

Geographically, Asia-Pacific is observed to witness the fastest growth in the market, due to the mounting occurrence of chronic and lifestyle associated diseases and expanding medical tourism.

Some of the key players operating in the global aromatherapy market are doTERRA International LLC, Plant Therapy Essential Oils, Edens Garden, Young Living Essential Oils, Frontier Co-op, Rocky Mountain Oils LLC, and Mountain Rose Herbs.

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Globally, network connected medical devices industry players are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.

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IoT devices help in transferring and collecting health data such as oxygen, blood pressure, weight, blood sugar and ECGs. Network connected devices enable real time monitoring connected with smartphone application, connected devices aims at collecting medical and other required data pertaining to health and further aims at sending the collected information to a physician which enables flexible and efficient medical operations.

Network connected medical devices market in North America is anticipated to generate largest revenue by 2024 owing to extensive adoption of IT solutions in healthcare domain and prevalence of modern healthcare IT infrastructure.

Some of the players having prominent presence in the global network connected medical devices market include Nonin Medical Inc., NuvoAir AB, Koninklijke Philips N.V., Hoffmann-La Roche Ltd., PhysIQ Inc., General Electric Company, Drgerwerk AG & Co. KGaA, Fresenius Medical Care AG & Co. KGaA, Medtronic plc, Myontec Ltd., OxyGo LLC, Proteus Digital Health Inc., Aerotel Medical Systems Ltd., Aero Healthcare AU Pty Ltd., OMRON Corporation, and Hill-Rom Holdings Inc.

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Globally, blockchain industry players are leveraging market growth through the formulation of several policies and reforms by a government organization in various developed as well as developing economies along with entering into several partnership agreements.

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The key players in the blockchain market are launching a new link for various supply chain experts. Furthermore, there are several software development enterprises that are embracing the technique at an extensive rate as it helps them in fighting against fraudulent activities.

On the basis of organization size, the global blockchain market is divided into large enterprises and small and medium enterprises.

On the basis of vertical, the global blockchain market is divided into government, retail and e-commerce, transportation and logistics, BFSI, media and entertainment, IT and telecommunication, healthcare & life sciences, real estate, travel & hospitality, and others.

Geographically, North America has accounted for the largest share in the blockchain market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of organizations having a huge base of operation, adoption of payment and documentation uses in several industries along with widespread execution of smart contracts.

Some of the key players operating in the global blockchain market are IBM Corporation, Ripple, Amazon Web Services, Inc., Microsoft Corporation, Abra, Chain Inc., BigchainDB Gmbh, Ethereum Foundation, Earthport PLC, Factom, BTL Group Ltd., Humaniq, Tierion, BlockCypher Inc., AlphaPoint, and Bitfury Group Limited.

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