Market Trends

The global security screening market generated a revenue of $8269.13 million in 2017 and is expected to rise with a CAGR of 7.3% during the forecast period 2018-2023. The security screening X-ray system generated a revenue of $1643.8 million and is projected to grow at a CAGR of 3.1% during 2018-2023. X-ray system would continue to dominate the market followed by body scanner and explosive trace detector. The increase in threat from terrorist activities, tightening security policies at transportation terminals and emergence of high speed sensors are propelling the security screening market. What are Security Screening? Security systems involve an electronic, visual, or manual inspection of persons, vehicles, packages, and containers for the purpose of detecting the possession of illegal, prohibited, or other dangerous items into a secure area within a facility. Security screening systems have been assisting in threat recognition to safeguard people, airports and any public events agai

The global optical amplifier Market is estimated to surpass $935.23 mark by 2023 growing at an estimated CAGR of more than 6.7% during the forecast period 2018 to 2023. Fiber amplifiers hold the highest market share of 51% and estimated to grow at a CAGR of 7.8%. By region America hold the highest market share of 34%. The global optical amplifiers market has increased due to the rapid growth of data centers, improved signal quality in transmission without any data loss among many other factors are demanding the growth of the market across wide range of industries in near future. What are OPTICAL AMPLIFIERS? A device which receives some input signal and generates an output signal with higher optical power is known as an optical amplifier. Input and output signals are laser beams generally, that are propagating as Gaussian beams in free space or in a fiber. The amplification process takes place in a gain medium, gets “pumped” (i.e., provided with energy) from an external source. The opt

Acetylene gas  is produced through the combination of calcium carbide and water through which acetylene gas and calcium carbonate are produced. It is a highly flammable gas which can also be produced from hydrocarbon sources such as naphtha, crude oil and coal. Acetylene is colorless and highly flammable. As on date, the key use for acetylene gas is for welding applications. Almost any manufacturing or automation industry will have welding as one of the key processes in their respective factories. It is because of the high temperature point of acetylene that the gas is used for welding and cutting purposes.  Acetylene is stored in large tanks where each tank can be utilized for welding purposes. Acetylene can also be used in dry cell batteries. Acetylene gas can also be used in preparing a number of chemicals which further can be used across for different industries. One key product which acetylene is widely used for is polyurethane plastics. This is just one of everyday products for w

Global Material Handling Equipment Market: Overview The material handling equipment market has been largely positive with bolster in manufacturing capacities and introduction of new products or innovations in the market. Equipment includes diverse range of tools, appliances, and storage which is leading to an increase in the market size to $145.21 million in 2018 and the market value will grow with compound annual growth rate (CAGR) of 7.50% during the forecast period of 2019-2025. APAC is positioned as the leading region in the material handling equipment market. Rise in urbanization including the construction of airports, metro lines, and another transportation mode is influxing the demand in the material handling equipment market with the regional share of 38.19% in 2018.   Global Material Handling Equipment Market: Outlook Material handling equipment is an automated equipment used for storage, controlling, and managing of materials and goods. Material handling equipment is used in

Additive Manufacturing Market Overview Additive manufacturing market size is forecast to  reach $35,244.3 million by 2026 , after  growing at a CAGR of 19.7% during 2021-2026 . Additive manufacturing has many advantages over existing manufacturing technologies including injection molding,  CNC machining , and vacuum casting, including lower resource requirements, shorter production times, modular design, and major tooling cost savings, which is why the additive manufacturing industry is booming. A key factor driving the consumer demand is rising government funding to boost additive manufacturing technology across various regions. Furthermore, the EU Commission's increasing focus on reducing vehicle overall weight to minimize emissions is likely to affect market development. Metal 3D printing technology advancements are expected to open new horizons for lighter, stronger, and healthier products, providing lucrative opportunities for the additive manufacturing industry. COVID-19 Impa