Market Trends

The global Industrial Radio Market is estimated to surpass $14 billion mark by 2023 growing at an estimated rate of more than 8% during 2018 to 2023.  In 2017, end user segments such as oil and gas, chemical industry and other hazard prone industries collectively accounted for around 30% share of the global industrial radio market owing to stringent labor safety regulations in such locations. North America is anticipated to dominate the market with a market share of approximately 35%. The increasing number of safety concerns in these industries along with the need to increase the efficiency and manage work order and decrease the downtime is driving the market in this region. APAC region would be the fastest growing market for Industrial radios registering a CAGR of 11% during 2018-2023. What is Industrial Radio? The industrial radio is a two way wireless communication device. The device is also called as a handheld transceiver (HT) or a walkie-talkie. The system operates as half duple

The global machine vision system and components market generated a revenue of $7882.5 million and expected to rise with a CAGR of 8.64% during 2018-2023. The hardware component of the machine vision market which generated a revenue of $5043.2 million in 2017 is estimated to grow at a higher CAGR of 9.20% when compared to software component. The global machine vision camera market has increased due to increase in automation in several industries. The development of advanced sensors and software algorithms for machine vision systems is one of the factors driving the market. What are Machine Vision systems and components? Machine vision system consist of a combination of hardware and software to provide operational guidance to devices to capture and process the images. These systems rely on sensors with specialized optics to process analyze and measure various characteristics for decision making. A machine vision system helps to inspect object details too small to be seen by the human ey

Inertial Sensing Systems and Its Components Market Overview: Inertial sensors are work based on conservation of momentum/inertia or changes of path length, it doesn’t require any external support and works everywhere under the known physical laws. Inertial sensing systems are self-contained navigation systems that estimate the position, attitude and velocity of the system in which they are embedded. The global inertial sensing and its components market is $6.7 billion in 2017 and is estimated to grow at a CAGR of 8.2% for the forecast period 2018-2023. The global navigation system contributed principally in the inertial sensing system market across globe with a value of $3.2 billion in 2017and is estimated to grow at a CAGR of 4.7%. by end user segment defense holds the largest share followed by industrial/ commercial users.  Inertial Sensing Systems and Its Components Market Outlook: Inertial Sensing Systems are the measurement systems which measures velocity, gravitational force and

The Global Safety sensors and switches market recorded an annual revenue of approximately $3 billion in 2017 and is estimated to grow at a CAGR of 3.1% during the forecast period 2018-2023. During the same forecast period the volume unit shipments of the products are 104.2 million units in 2017 and are expected to grow at a competitive CAGR of 5.4% during the forecast period. The anti-collision sensors have dominated the market by recording annual revenue of $5.72 billion in 2017 and is estimated a rapid growth at a CAGR of 10.20% throughout the forecast period. Automotive industry segment held the major share in the global safety sensors market by recording annual revenue of $501.9 million in 2017 and is estimated to grow at a CAGR of 3.80% till 2023. Germany held major share in Europe Safety sensors and switches market with annual revenue of $746.4 million in 2017 and is expected to grow at a CAGR of 1.70% during the forecast period.  What are Safety Sensors and Switches? The safety

The CAGR of global artificial intelligence in healthcare is expected to grow at rate of 48% during 2018-2023.The driving force of global AI in healthcare is to get the better outcomes and the need to adopt the new technologies. AI in healthcare is also driven by investment across the globe. AI application in healthcare is expected to create USD 150 billion by 2026. Robot assisted surgery is estimated to the value of 40 billion USD.  Virtual nursing assistants are estimated to the value of 20 billion USD. What is Artificial Intelligence in healthcare? Artificial Intelligence in healthcare is a concept to mimic the human brain and investigate the real medical problems and data with holistic human approach with the use of algorithms and software to find the best possible outcome. The Primary aim of AI is to find the best possible treatment or technique to deal with patient’s problem. In healthcare deep learning is becoming very important as software learns to recognize patters in distinc

The Industrial Automation Position Sensor Market is estimated to surpass $831.37 billion by 2023 growing at an estimated CAGR of 5.9% from 2018 to 2023. The Industrial Automation Position Sensor is majorly driven by the efforts put to develop automation systems and among others. Growing interests towards sensors is also set to propel the market growth in the future. Sensors have the major part in the Industrial Automation which will be used to automate the assembly like process, position sensor occupies the important role in the automation control, in which fast positioning is needed. Growing strict regulations on emission control is considered as the major factors which are driving the market. Using Position Sensors in control applications is too tough as the degree of industrial automation is rising simultaneously.  The usage of position sensors is rising in a broad range of applications of industrial automation. Robots will be controlled by using these position sensors, and it will

The Food & Beverage Level Sensor Market is estimated to surpass $267.63 million by 2023 growing at an estimated rate of 7.15% from 2018 to 2024. The Food & Beverage Level Sensor is majorly driven by the efforts put to develop automation systems and among others. Growing interests towards sensors is also set to propel the market growth in the future. Basically, the level or amount of fluids, liquids, or other substances which flows in an open/closed system can be determined by using a level sensor. Basically, two types of level sensors are available namely continuous and point level measurement. Both the types will work very efficiently to increase the growth of the market. Increase in the usage of smart sensors will influence the usage of level sensors in food & beverage sector which in turn will increase the growth of the market. These sensors will be used in food & beverage to assess viscosity for many different applications like liquid, semi-solid, and others. Level