Globally, the kegs market is expected to grow with a CAGR of 5.0% during the forecast period from 2019 to 2027, starting from US$ 780.0 Mn in 2018. The growth of the market is driven by the increasing demand for beer across the globe. Beer is estimated to be one of the most widely used beverages across the globe. As per the American Institute of Public Opinion (commonly referred to as Gallup Inc.), more than 70% of the population in the age group 18-30 consume beers and preferred beer over other alcoholic beverages.
Globally, the jet lag therapy device market is expected to grow with a CAGR of 11.5% during the forecast period from 2019 to 2027. The growth of the market is primarily driven by the increasing air travelers across the globe. Over the past decade, a sudden rise in the number of the people travelling has been witnessed. As per the International Air Transportation Association, there were approximately 3.8 billion air travelers worldwide in 2016.
Globally, the IT robotic automation market is set to grow with a CAGR of 27.5% through the forecast period. The growing need among the organization to reduce the cost of operations and enhance the operational and business performance is driving the market growth. As the competition among the market players is increasing and the business models is changing, the organization are shifting towards automation solutions especially in conjunction with artificial intelligence and analytical technologies.
The IP Intercom market worldwide is expected to grow with a CAGR of 3.4% during the forecast period from 2019 to 2027, starting from US$ 0.94 Bn in 2018. The IP intercom includes a call and door release button and attaches to the network directly. It includes Talkmaster software and PoE interface box providing notification of door bell, two way audio as well as door release. The relay is included in order to be directly connected to the electrical lock. Several versions are available for both indoor and outdoor applications.
The rapid progress in the field of digital communication and networking has greatly influenced the aviation industry across the world. By adopting new and advanced technologies, the aviation industry is reshaping itself to improve its operational efficiency and passenger experience. Many companies are investing in IoT that has the ability to connect technology, processes, people, and culture to deliver seamless air travel experience.
The intravascular catheters market is set to reach US$ 8,051.7 Mn by 2027 from US$ 4,034.7 Mn in 2018 showcasing balanced growth at a compounded annual growth rate (CAGR) of 8.0% during the forecast period from 2019 to 2027. The major drivers associated with the intravascular catheters market growth are significant rise in inpatient surgical procedures in hospitals for treatment of chronic illness and increasing demand for catheters in minimal invasive surgical procedures conducted in catheterization labs & ambulatory care centers.
Interactive display accounted for the market value of US$ 8.2 Bn in 2018 and expected to grow with promising CAGR of 7.9% across the forecast period from 2019 to 2027. By leveraging capabilities of interactive display, IT infrastructure in commercial sector enables to provide highly synchronized and interactive solutions for all workloads. Interactive display drives efficient and productive collaboration without hassle. For instance, advanced interactive display allows number of meeting participants to make notes using embedded pen as well as any virtual writing tools.
Globally, the interactive and self-service kiosk market is expected to grow with a CAGR of 9.1% during the forecast period from 2019 to 2027, starting from US$23.45 Bn in 2018. Globally, technological advancements in electronic and information technology industry has resulted in development of equipment that would help reduce human efforts and simplify the process in various industries. The new and advanced interactive and self-service kiosk systems are helping in streamlining the process of product and service delivery.
The global intelligent virtual assistant market was valued at US$ 2.65 Bn in 2018 and is projected to expand at a CAGR of 40.9% during the forecast period from 2019 to 2027. The developments made recently in the field of natural language processing, conversation interfaces, machine learning, and automation are factors proliferating the demand for intelligent virtual assistants.
The global integrated traffic systems market was valued at US$ 21.98 Bn in 2018 and is anticipated to grow to US$ 41.06 Bn expanding at a CAGR of 7.2% during the forecast period from 2019 to 2027. For decades, the proliferating complexities of urban traffic has been forcing city planners and government authorities to find smarter ways to control the traffic. Government authorities are inclined towards traffic management solutions that improve mobility by reducing traffic congestion, ensure road safety and above all limits serious environmental damage due to increased pollution.
The global insurance technology market is growing proficiently, projected to grow at a CAGR of 36.7% during the expected period from 2019 to 2027, starting from US$ 1.28 Bn in 2018. Innovation through new technologies is a key driver of change in the financial sector which will further lead to immense adeptness gains, with initial accomplishment by doubt and uncertainty. In the coming years, innovations coupled with new technological developments, is likely to drive the demand for insurance technology globally, owing to expedite delivery of services and lower transaction cost.
The global insurance fraud detection market was accounted at US$ 3.29 Bn in 2018 and is projected to witness significant growth, growing with a CAGR of 15.2% across the forecast period from 2019 to 2027. Digitization marked by increasing number of smart devices and social media activities is regularly changing the landscape for all sectors, including insurance. Insurance fraud has occurred and still occurs where insurance policies are inscribed, taking different forms to suit the economic times.
The Instant print camera market worldwide is expected to grow with a CAGR of 2.4% during the forecast period from 2019 to 2027, starting from US$ 0.96 Bn in 2018. Instant Camera, also known as a polaroid camera, is a user-friendly instant camera that produces on-site photography. The camera utilizes self-developing film that prints the images from the camera itself clicked on. Instant camera process development mixes side film-like colors.
Globally, the inkjet printers market is expected to grow with a CAGR of more than 7.2% during the forecast period from 2019 to 2027, starting from US$ 45.18 Bn in 2018. The process of inkjet printing is growing at a rapid pace across the printing and packaging industry. This inkjet printing technique is commonly used on home as well as office desktop printers. Initially this technique was used for coding and marking applications however, with time its applications increased and are now being adopted as alternative for tradition printing processes.
The global infrared detectors market is expected to expand at a CAGR of 8.7% during the forecast period from 2019 to 2027. Infrared detectors are devices used for detecting infrared radiation by forming IR images from temperature and emissive differences. There are three basic types of infrared detectors namely quantum/photon IR detectors, thermal IR detectors and radiation field detectors. Infrared detectors find applications across both military and civil applications.
Globally, the inflatable tents market is expected to grow with a CAGR of 6.2% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$ 700.0 Mn. Inflatable tents are also known as air tents are similar to the other tents in structure. However, there is a difference as compared to the traditional tents such as the traditional tents uses metal, plastic or fiberglass of material poles for setting up the structure, whereas the inflatable tents use beams, pumped up to offer the structure.
Globally, the industrial magnetrons market is expected to grow with a CAGR of 5.4% during the forecast period from 2019 to 2027. The market growth is driven by increasing adoption of the magnetrons across the manufacturing facilities for heating, plasma generation, and plasma generation. Also, the increasing industrialization along with the supportive government initiatives is serving as a major force propelling the demand for the industrial magnetrons.
Globally, the Industrial Internet of Things (IoT) market is expected to grow with a CAGR of over 29% during the forecast period from 2019 to 2027, starting from US$ 160.0 Bn in 2018. The market growth is attributed to the increasing adoption of the Industry 4.0 revolution across the manufacturing sector. As the competition among market players is fueling, and the customers are becoming more empowered, the manufacturers are shifting towards advance manufacturing technologies to meet these requirements.
Globally, the industrial hearable market is expected to grow with a CAGR of 35.4% during the forecast period from 2019 to 2027, and was recorded to have a market value of US$144.6 Mn [A1] in 2018. The hearable technology is a form of hybrid technology, which merges the wearable technology in the hearing devices. The hearable devices have various applications, which include noise cancellation, directional hearing, audio analysis, sound applications, audio masking, and other applications, in various industry verticals.
The industrial filters market is expected to reach US$ 5.03 Bn in 2027, growing at a CAGR of 6.09% during the forecast period from 2019 to 2027. Industrial filters find its applications in many industries such as food & beverages, mining, chemical, pharmaceutical and power etc. They are used for cleaning and treating industrial oil, liquid, gases and water and also for removing dust and dirt in chemical and pharmaceutical industries and several others. Therefore industrial filters are used to keep environment clean and reduce wear and tear of machinery.