Globally, the USB controller market is expected to grow with a CAGR of 15.5% during the forecast period from 2019 to 2027. USB controllers are the devices that supports the communication between a computer and a USB device. These devices are largely adopted across the globe as the demand for external data storage devices and data transfer systems is increasing. The major factors fueling the growth of the USB controllers market are technological advancements, increasing research and development investments to produce and launch new and innovative next generation controllers and increasing demand for flexible and easy to handle devices.
The global USB 3.0 flash drives market worldwide is estimated to rise with a CAGR of 17.7% during the estimated period from 2019 to 2027, starting from US$ 1,863.8 Mn in 2018. Increased virtual data and rising data volumes worldwide are the major key factors driving market growth. Rapid technical advancements in the flash drives market will also boost market growth.
Unmanned Surface Vehicles (USVs) are autonomous vehicles that are capable of float on water surface. Although unmanned aerial vehicles (USVs) have been around for past few years and their numbers are growing consistently. Despite the fact that these are still not as pervasive as their aerial versions, unmanned surface vehicles (USVs) have tremendous potential to set down their roots very deep.
The unified threat management market worldwide is expected to grow with a CAGR of 15.5% during the forecast period from 2019 to 2027, starting from US$ 4.50 Bn in 2018. Owing to increase in cyber-attacks and awareness for cyber security, the unified threat management is set to grow significantly over the forecast period. Unified threat management is an advanced form of the traditional firewall, capable enough to carry out various security functions which include load balancing, data leak prevention, gateway anti-spam to name a few.
Globally, the ultrasonic pulse velocity tester market is expected to grow with a CAGR of 5.9% during the forecast period from 2019 to 2027, starting from US$ 510.0 Mn in 2018. The ultrasonic velocity test is the augmented testing technology that used to check the strength and quality of concrete. The ultrasonic velocity testers used to transmit ultrasonic pulses through the rock and measure its velocity to define the structure or rock construction.
The global ultracapacitor market was valued at US$ 1.52 Bn in the year 2018 and expected to reach US$ 7.93 Bn by the year 2027, expanding at a CAGR of 20.2% during the forecast from 2019 to 2027. Ultracapacitor is an electrostatic energy storage device that stores energy by polarizing the electrolytic solution. The device is gaining momentum in present and coming years due to rise in energy consumption regulations, and increasing preference for renewable energy over fossil fuels.
The UAV chips market worldwide is expected to grow with a CAGR of 9.6% during the forecast period from 2019 to 2027, starting from US$ 2.7 Bn in 2018. Unmanned aerial vehicle is a non-human pilot or passenger aircraft. UAVs — sometimes referred to as drones — may be fully or partially autonomous, but a human pilot controls them more often remotely. The chips used in these UAVs are called UAV chips. These chips are made from silicon and other semiconductor devices. There has been an increasing demand for such chips especially since the launch of several safety norms led by the government or other safety authorities.
The two-wheeler hub motors market worldwide is expected to grow with a CAGR of 7.23% during the forecast period from 2019 to 2027, starting from US$ 1,337.0 Mn in 2018. Two-wheeler hub motors market is expected to witness steady growth in the near future due to growing government initiatives, policies towards electric vehicle adoption and rising consumer concern towards environment. There are two types of motors available in the market namely hub motors and mid-drive motors.
Globally, the treasury and risk management application market is expected to grow at a CAGR of 8.2% during the forecast period from 2019 to 2027. This growth is mainly attributed to the increasing digitalization among the organization. As the market dynamics are changing and the companies are becoming more competitive, the enterprises are shifting towards the digitalization to enhance their operational performance and reduce the operational cost. Digitalization has become the most vital strategy among the enterprises to remain competitive and strengthen their position in the market.
The global trade surveillance market is poised to reach US$ 2,699.5 Mn by 2027, expanding at a CAGR of 17.8% during the forecast period from 2019 to 2027. By the changing time, trading techniques and topologies have shifted from manual to automatic and algorithmic trading. Such technological advancement has increased the market capacity thereby reducing human limitations. On the other hand, it has also increased the risk for fraud, market manipulation, and rule violation.
The global trade management software market was valued at US$ 632.3 Mn in 2018 and is anticipated to grow to US$ 1,253.9 Mn expanding at a CAGR of 8.1% during the forecast period from 2019 to 2027. The trade management software simplifies complex trading activities such as import and export management, shipment monitoring etc. which in turn helps companies manage their international trade and import-export activities. Reducing supply chain and compliance risk has been one of the most important feature of this software, thereby allowing traders and companies to effectively and efficiently manage their businesses.
The tracheal tube and airway products market is set to reach from US$ 3,150.1 Mn in 2018 to US$ 5,646.2 Mn by 2027 at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2019 to 2027. As per the research citing published by World Health Organization (WHO), approximately 90% of the death occurring due to chronic obstructive pulmonary disease (COPD) is occurring in the lower and middle income countries.
Trace chemical detector (TCD) is widely used in a number of industries such as defense & security, chemical & pharmaceutical, oil & gas, and healthcare & research. Predominantly, a trace chemical detector is essential for contamination analysis, chemical composition analysis, elemental trace analysis, impurities analysis, trace metal analysis, etc. To keep the surrounding, product, and people safe from any chemical ill-effect, these industries primarily use trace chemical detectors. The growing need of TCD from the above-mentioned industries is driving the global trace chemical detector market with a CAGR of 6.1% from 2019 to 2027.
Globally, the tower mounted amplifier market is expected to grow with a CAGR of 9.4% during the forecast period from 2019 to 2027, and is expected to reach a market value of US$2.60 Bn in 2027. Amplifiers are defined as the electronic devices, which are used to increase the strength and power of the signals. These devices increase the amplitude of a signal by using the electric power from the power supply and provide greater amplitude to the signal at the output terminal.
The tokenization market worldwide is expected to grow with a CAGR of 18.9% during the forecast period from 2019 to 2027, starting from US$ 880.9 Mn in 2018. Growth of security concerns worldwide are driving the growth for tokenization market. Tokenization system is a data security system which change the data in unique symbols, known as token and carry all the required information of the sensitive data.
Globally, the tissue paper market is expected to grow with a CAGR of 6.0% during the forecast period from 2019 to 2027, starting from US$19.5 Bn in 2018. The increasing tourism and hospitality industry globally is a major factor driving the market. The hotel, restaurants and spa centers are considered to be one of the primary consumers for the paper tissue, which drives the market. Moreover, growing awareness of hygiene in the developing nation is also factor boosting the growth of the market, as hospitals also offers tissue paper for the patients.
The thyroid function test market is set to reach US$ 2,203.7 Mn by 2027 from US$ 1,317.8 Mn in 2018 projecting impressive growth at a compounded annual growth rate (CAGR) of 5.9% during the forecast period from 2018 to 2026. The major risk factors associated with thyroid disorders are intake of iodine replete diet, hormonal imbalance, sedentary lifestyle and increasing consumption of alcohol and tobacco. Increasing public health awareness and technological advancement in diagnostic kits together drive the thyroid function tests market growth.
Globally, the thyristor market is expected to grow with a CAGR of 7.3% during the forecast period from 2019 to 2027. The market is driven by the increasing demand among the developed countries to replace the aging infrastructure and wide scale deployment of smart grids. The thyristor are widely used across the power electronics applications ranging from power supplies to inverters to controller due to its low switching losses and high energy efficiency. Thyristor works on the short switching times and low switching losses to carter the growing electricity demand. Furthermore, the thyristor are more reliable and longer durability, which makes it an ideal option for the smart grids.
The global thin wall packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 41.7 Bn in 2018. The global thin wall packaging market is majorly driven by the rising food & beverage industry and growing demand for lightweight packaging. A surge in demand for a consumer-friendly and changing lifestyle are some other factors expected to drive the market in years to come.
The global theodolite market was valued at US$ 754.4 Mn in 2018 and is projected to witness noteworthy growth, expanding at a CAGR of 5.4% during the forecast period from 2019 to 2027. Theodolite is an instrument used specifically in archaeology and survey testing for measuring vertical and horizontal angles. A theodolite comprises of a small telescope attached to devices that helps in measuring angles and has a variety of moving parts. They have the same constructional features regardless of their age or level of technology, and all of them basically perform the same functions.