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Global Market Insights Articles
3 major trends driving growth in the 3D printing
Reports suggest that global aerospace 3D printing materials market size will cross the $495m mark by 2026. Growing popularity of additive manufacturing in the production of intricate lightweight cabin interiors of aircrafts will favour business growth over the coming years. Saipriya Iyer explains.
Top 3 trends characterising the critical care devices market by 2026
The global critical care devices market is estimated to observe tremendous growth due to the increasing number of patients being admitted to ICUs or emergency care units. In addition, technological advancements leading to the innovation of new products is likely to further fuel the critical care devices market size over the coming years.
4 trends fostering neurostimulation devices market outlook
Neurostimulation devices market has witnessed commendable proceeds over the years due to a large number of people affected with severe neurologic and psychiatric diseases. These include Alzheimer’s disease, lower back pain, Parkinson’s disease as well as dementia.
Telemedicine cart equipment to witness demand across hospitals
According to Global Market Insights, the global telemedicine equipment market size is expected to cross $7.9bn by the end of 2026. Telemedicine equipment market share is witnessing considerable gains due to regulations established by the governments, in both developed and developing nations, such as the announcement of total or partial lockdown in a bid to control the coronavirus spread.
Power transformer market to hit $37.7bn by 2026
Power transformer installation is likely to be driven by growing investment toward expansion of transmission networks along with inclusion of sustainable energy mix across the total installed electricity generation capacity. Power transformers are witnessing massive deployment across industries on account of their advantageous features including easy transportation, short circuit reliability and compact size.
Patient monitoring devices market to record 6.1% CAGR by 2026
Paradigm shift towards telehealth services, primarily after the outbreak of COVID-19 will drive global patient monitoring devices market trends. Increasing number of hospital admissions due to escalating corona positive patients will create prospects for new development. Over the past few years, prevalence of chronic diseases and infections has risen which has also led to individuals demand for personal patient monitoring devices, globally.
US electrosurgical generators market to record 7.7% CAGR by 2026
The US electrosurgical generators market is expected to record considerable growth on account of increasing prevalence of chronic health diseases. Over the years, the US has seen a spike in the number of surgical procedures owing to rising cases of severe diseases and accidents.
Surging demand for hearing amplifiers
Increasing incidence of hearing disorder among the older population is poised to drive global hearing amplifiers market outlook. Hearing loss and hearing disorder can be a result from complications at birth, genetic causes, certain infectious diseases, use of particular drugs, chronic ear infections, ageing and exposure to excessive noise. As per World Health Organization (WHO), unaddressed hearing loss poses an annual cost of around $750bn,...
Wearable medical device market to grow 39.4% through 2025
As per a research report by Global Market Insights, the wearable medical device market is estimated to surpass $87bn by 2025. A rise in awareness regarding physical fitness will drive the demand for fitness monitoring and tracking devices. Additionally, growing disposable household incomes will augment wearable medical devices market forecast.
Haptic technology market: a $10bn revenue opportunity
According to a recent study from market research firm Global Market Insights, the haptic technology market is set to grow from its current market value of more than $7bn to over $10bn by 2026, gaining traction over the 2020 to 2026 period.
Current sensor market worth over $3.5bn by 2026
According to a recent study from Global Market Insights, the global current sensor market is projected to observe momentous growth over the coming years due to the ongoing rise in factory automation trend and the use of industrial robots, with the current sensor market projected to be worth over $3.5bn by 2026.
Vibration monitoring market to exceed $2bn by 2026
A new study by Global Market Insights has predicted the vibration monitoring market size will exceed $2bn by 2026; growing demand for accuracy and precision in product manufacturing across industries.
Automotive regenerative braking market to pass $6bn by 2026
According to a research report by Global Market Insights, the global automotive regenerative braking market is slated to surpass a valuation of $6bn by 2026 owing to increasing customer inclination towards efficient and sustainable electric vehicles. Regenerative braking systems usually recovers wasted energy generated from brake friction and transfers that power to the motor, which is later used to power the vehicle.
Infrared LED market to reach $1bn by 2026
The infrared LED market is set to grow from its current market value of more than $500m to over $1bn by 2026 - as reported in the latest study by Global Market Insights.
Semiconductor memory: a smart choice for smartphones
With epic strides undertaken in the domain of consumer electronics, the semiconductor memory market is touted to acclaim global recognition for the product’s extensive data management property. The demand for advanced memory, of late, has covered an all new domain beyond the realm of conventional personal computers.
Wireless mesh network market to reach US$8bn by 2026
According to a recent study from market research firm Global Market Insights, the wireless mesh network market is set to grow from its current market value of more than $2bn to over $8bn by 2026, gaining remarkable traction over the 2020 to 2026 period.
Rising prominence of multi-function automotive switches
An evolving mobility sector has created an unparallelled opportunity for automotive conglomerates as automotive switches gain prominence in controlling the overall functioning and lighting of vehicles. Easy operation, efficiency and reliability have made automotive switch panel highly sought-after among leading players.
Automotive coatings to witness substantial consumption
A notable rise in disposable incomes and technological developments has had a positive influence over automotive coatings market over the years. Automobile coatings are a key focus for the manufacturers as they offer optimal levels of durability, protection from the environment and a wide variety of choices in appearance that essentially helps cars look attractive.
Infrared camera market to cross 3.5 million units
According to the latest report, by Global Market Insights, the market valuation of infrared cameras will cross $10 billion by 2026. Growing demand for autonomous vehicles, declining prices of IR cameras, rise in military spending in developing countries, and increasing need for surveillance across various end-user sectors are proliferating the market growth.
Automotive lighting systems gearing towards vehicular safety
Early automotive lighting solutions and vehicular systems were much simpler than the ones available at present. Cars had fewer switches, directional lights switched on focused on the desired spot and should the bulbs fail, horns from passing vehicles would alert the drivers that they were about to be blindsided. However, earlier car lighting systems were significantly less reliable than the new automotive lighting solutions of the present, which ...