The global smart glass/mirror in automotive market value was at US$ 1,159.3 Mn in the year 2018 and projected to reach US$ 2,752.0 Mn by 2027, witnessing a CAGR of 10.2% during the forecast from 2019 to 2027. Smart mirror is among those futuristic technologies that have paved its way into the world of intelligent automobiles through integration with computer-aided information service.
Globally, the smart factory market is expected to grow with a CAGR of 9.5% during the forecast period from 2019 to 2027. The growth of the market is driven by the increasing digitalization across the manufacturing facilities. The overall manufacturing industry is going through a phase of digital disruption over the past decade due to the increasing competition among and advancement in globalization. The market dynamics are changing and the demand for customized products are increasing.
The fabrics that have digital and electronics components entrenched in them are referred as E-textiles or electronic textiles or smart fabrics. These fabrics have the ability to recognize and sense stimuli from the surroundings and adapt & respond to those stimuli in a pre-programmed way. Their capability to grow, correspond, transform, and even conduct energy makes them different from the normal textiles, thus adding worth to the wearer.
Superior properties of silicon anode battery gives a promising future for battery operated electronics devices and electric vehicles. Silicon anode batteries have higher energy storage capacity and longer battery life than contemporarily used Li-ion battery. These features of silicon anode battery made it suitable for its application in smartphones, tablets, laptops, cameras, pacemakers and electric vehicles. With the expected launch of 5G cellular network technology in late 2020, the demand for smart devices will soar high.
Cotton buds market expected to grow with a CAGR of 3.4% during the forecast period from 2018 to 2026. Cotton buds or cotton swabs are small wad of cotton enclosed around one or both the ends of a short rod (handles/stems). This rod is usually made up of extruded plastic, wood or rolled paper. Cotton buds are used for variety of applications like first aid, cosmetics application and cleaning, arts & crafts, earwax cleaning amongst others. Growing awareness on personal hygiene, cleanliness, and freshness has gained momentum over the years.
The semiconductor bonder machine market worldwide is expected to grow with a CAGR of 4.02% during the forecast period from 2019 to 2027, starting from US$ 1558.54 Mn in 2018. Wire bonder equipment market is the part of the total semiconductor packaging & assembly equipment industry. Shift in the semiconductor packaging towards the 3D IC technology is expected to intensify the market competition between IDMs & OSATs. Packaging market has got huge market potential and it provides numerous growth opportunities to the IDMs & OSATs.
Globally, the semiconductor assembly and testing services (SATS) market is expected to grow with a CAGR of 5.3% during the forecast period from 2019 to 2027 and has a market value of around US$28.90 Bn in 2018. Semiconductor assembly and testing services (SATS) is defined as the process of assembling and testing of various electronic equipment before dispatching the final product to the user.
Road Marking machines market projected to reach the overall market value of US$ 11.83 Bn in 2027 and expected to witness the promising growth of 6.01% throughout the forecast period. Road transport is vital sector for economic activity, as it plays essential role in providing access to education, health and agricultural inputs & extension services.
Globally, the ring pull cap market is expected to grow with a CAGR of 5.1% during the forecast period from 2019 to 2027, starting from US$ 315.2 Mn in 2018. The growth of the market is driven by the growing demand for the ring pull caps market. As the market dynamics are changing and consumer is becoming more empowered, the packaging industry is also responding to meet the consumer requirements. The consumers’ lifestyle is changing and they are seeking convenience in daily use products.
Globally, the retail printer market is expected to grow with a CAGR of 6.2% during the forecast period from 2019 to 2027, starting from US$ 3.03 Bn in 2018. The market growth is driven by the increasing competition among the retailers. As the competition among the market players is fueling and the customers are becoming more empowered, the retailers are focusing more on providing better shopping experience to the customers. The use of the printers in retail store can streamline the billing operation and enable the companies to engage customer via several loyalty programs.
Globally, the professional gear bags market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027 and is expected to reach around US$ 23.60 Bn by the end of 2027. Professional gear bags are specially designed bags with various individual compartments and space for convenience purposes. The professional gear bags are designed as per the equipment, which is needed to be placed in the bags. The increasing outdoor activities are among the consumers such as biking, hiking, photoshoots, trekking, and others are increasing the demand for professional gear bags, as it is convenient for the user to carry the instruments systematically, without displacing any equipment.
The private cloud services market worldwide is expected to grow with a CAGR of 18.9% during the forecast period from 2019 to 2027, starting from US$ 36.72 Bn in 2018. Overall cloud services sector worldwide is witnessing tremendous growth since the past few years with growth rate of more than 20% every year. Of these, private cloud spending has been growing with growth rate of over 25% (year-on-year) since the past five years. Various organizations worldwide have increased their spending on private cloud due to higher security, convenient deployment model, total control and ownership of the setup.
Globally, the printing machines market is expected to grow with a CAGR of 4.5% during the forecast period from 2019 to 2027, starting from $19.50 Bn in 2018. Globally, the requirements of commercial printing are changing as several print service providers are seeking for new ways to stand out in the competitive industry. Factors such as technological advancements, digital advances of the machines, emergence of improved software and mechanized tools and penetration of automation in the industry are the primary factors driving the growth of printing machines market.
Globally, the pressure reducing valve market is expected to grow with a CAGR of 4.2% through the forecast period, up from US$1.50 Bn in 2018. The growth of the market is attributed to the increasing adoption of the pressure reducing valves across the wide range of application across several industry verticals. The valves are widely used to maintain and relieve the pressure of the gas and fluids. The valve reduces the frequency of the unstable pressure and maintains a constant pressure via spring mechanism.
Globally, the paper napkin making machine market is expected to grow with a CAGR of 4.20% during the forecast period from 2019 to 2027, and has register a market value of US$ 110.5 Mn in 2018. Paper napkin making machine are used for the production and manufacturing of paper napkins of different sizes. The paper napkins are defines as the tissue papers, which are used for cleaning fingers, hands, and face.
Globally, the paper cups market is expected to grow with a CAGR of 3.5% during the forecast period from 2019 to 2027, starting from US$ 8.50 Bn in 2018. The paper cups are extensively being used to serve various food and beverages products in the railways, malls, and others. These are the disposable cups that have a thin layer of wax or the compostable plastics that used to prevent the substance from leaking through the cup. The growing demand for compostable products is the key factor that drives the growth of paper cups market worldwide.
The global paper bags market accounted for US$ 4.8 Bn in 2018 and is anticipated to grow to US$ 7.3 Bn growing at a CAGR of 4.6% during the forecast period from 2019 to 2027. Constantly expanding interest for paper bags from retail division because of solid development in the retail sector combined with changing the inclination of buyers towards biodegradable packaging are factors multiplying the interest in the paper bags market.
The global outdoor thermometer market worldwide is expected to grow with a CAGR of 5.4% during the forecast period from 2019 to 2027, starting from US$ 0.32 Bn in 2018. An outdoor thermometer provides outdoor temperature measurement. Usually used outside the house, these outdoor thermometers are also used in some installations such as heat & power plants, heat pumps, ventilation heating and air conditioning as well as cooling technology.
Reusable Icepacks Market is expected to reach US$ 2,785.1 Mn by 2026 with 8.1 % CAGR during the forecast period from 2018 to 2026. In 2017, North America led the reusable icepacks market. Asia Pacific is estimated to be the fastest growing region between 2018 and 2026.
The offshore structural analysis software market worldwide is expected to grow with a CAGR of 6.4% during the forecast period from 2019 to 2027, starting from US$ 450.8 Mn in 2018. Growth of oil & gas industry and increasing demand for cost-effective offshore worldwide are driving the offshore structural analysis software market. Growing demand of the software by engineers, contractors and architects has led the market growth. 3D designing, estimation & planning for the projects and others are some of the major benefits of offshore structural analysis software, which are driving the growth of the market.
With higher disposable income and increasing consumer awareness the consumer goods industry is a high trajectory phase. The growth opportunities are infinite and emerging market is seeing an exponent consumer pull demand.