The field service management market worldwide is expected to grow with a CAGR of 18.0% during the forecast period from 2019 to 2027, starting from US$ 3.01 Bn in 2018. Increasing adoption for cloud-based field service management solutions and mounting demand for agility for quick solutions shall drive the field service management market. Field service management is a tool used for operational efficiencies in organizations. It enables the integration of accounting, billing, distribution and servicing. It offers real time communication in a working environment.
Globally, the field device management market is expected to grow with a CAGR of more than 6.7% during the forecast period from 2019 to 2027, starting from US$ 1.22 Bn in 2018. The global field device management market is growing based on factors such as growing importance of industry 4.0 and smart factory, growing demand for filed device management systems, increasing focus on reducing the operational and maintenance cost, and growing investments in development of IoT and automation solutions.
The fiber optical interconnects market worldwide is expected to grow with a CAGR of 18.2% during the forecast period from 2019 to 2027, starting from US$ 4.32 Bn in 2018. Advanced fiber optic interconnect technologies helps in the process of enhancing capacity of the optical equipment by further reducing the operation cost. Major players operating in the fiber optical interconnects market adopted numerous strategies like launching new product & product developments, mergers, business partnerships, collaborations, and business extensions for the purpose of catering to the requirements of optical market.
The fiber cleavers market worldwide is expected to grow with a CAGR of 2.8% during the forecast period from 2019 to 2027, starting from US$ 40.25 Mn in 2018. Cleavers with the automatic rotating blade system utilizes the total blade surface and automatically increase the cleaver blade with every cleave. In 2018 Fujikura announced the development and the launch of new CT50 fiber cleaver, which offers much better maintainability and operability than the existing cleavers which are currently available on the market.
Globally, the fall protection equipment market is expected to grow with a CAGR of 7.2% during the forecast period from 2019 to 2027, starting from US$ 1.65 Bn in 2018. The fall protection equipment market is growing at a significant pace based on various factors such as increasing awareness regarding industrial safety, growing demand of fall protection equipment for recreational activities, growing utilization of fall protection equipment in construction, industrial and utility sectors and stringent government regulations pertaining to safety in various industries.
Globally, the facilities management market is expected to grow with a CAGR of 13.60% during the forecast period from 2019 to 2027 and had registered a market value of US$ 33.60 Bn by 2018. Facilities management is defined as an organizational functioning, which integrates the premises, individuals, and process within a facility to improve the productivity of the core business. The facility management services ensure the safety, comfort, and efficiency of the facility environment.
The global fabric conditioners market garnered a market size of US$ 16.3 Bn in 2018 and is projected to witness a significant growth, growing with a CAGR of 4.6% across the forecast period from 2019 to 2027. Growing inclination of customers towards personal care and hygiene coupled with rising concerns over the use of harmful chemicals that leads to various skin-related problems are some of the key factors driving the market growth.
The electric Vertical Takeoff and Landing (eVTOL) aircraft market expected to reach at the market value of US$ 315.2 Mn in 2027. With development of autonomous aircraft technology, applications of electronic aircrafts expected to grow at rapid rate. Several market players have recognized an opportunity for passenger-carrying applications with small self-piloted aircraft.
The global ePrison market was valued US$ 1.81 Bn in 2018 and is expected register growth at 6.2% CAGR during the forecast period from 2019 to 2027. In 2018, the adoption & deployment of ePrison solutions was highest in North America followed by Europe and Asia Pacific respectively. The value contribution of North America to the global ePrison market stood at over 36% in the same year. The U.S. represents the largest ePrison market in North America & worldwide.
The enterprise VSAT system market worldwide is expected to grow with a CAGR of 9.5% during the forecast period from 2019 to 2027, starting from US$ 4.50 Bn in 2018. Escalation in satellite services penetration for cross-vertical applications is driving the demand for enterprise VSAT systems worldwide. Further, increase in technological advancements has substantially supported the enterprise VSAT system market. Enterprise VSAT offers wide range of voice & video communication and data services to the users, which comprise of large businesses or corporations.
The global enterprise collaboration services market is growing competently, and accounted for US$ 32.75 Bn in 2018 and is expected to grow at a CAGR of 9.3% throughout the forecast period 2019 to 2027. Enterprise collaboration services market is presently seeing a rush towards innovation, which has led to several new methodologies that have actual latency of a digital workplace breakthroughs.
The global enteral syringe market is increasing proficiently, expected to grow at a CAGR of 5.3%. Globally, the rising commonness of chronic illness and numerous lifestyle disorders will drive the overall growth of the market. Enteral syringes deliver nutritional therapy or medications to different age groups including pediatrics, and adult patients. Enteral syringes are available in different sizes ranging from 1ml to 60 ml and are generally used for patients in hospitals/clinics, and home care.
The enhanced vision systems market worldwide is expected to grow with a CAGR of 4.1% throughout the forecast period from 2019 to 2027, starting from US$ 225.7 Mn in 2018. Expansion of aerospace industry worldwide is the major factor driving the enhanced vision systems market growth. The aerospace industry is projected to grow with a CAGR of around 4% in years to come. Advanced technological development, rising government investments in the aerospace industry and growing safety concerns are other important factors driving the market growth.
The growing use of engineering plastics in industrial applications anticipated to grow the global engineering plastic market during the forecast period. The growing trend of light-weight vehicles in the automotive industry for reducing the stress on the vehicle to improve fuel efficiency and for reducing carbon-emission, engineering plastics are widely used by automotive manufacturers. Moreover, increasing the use of engineering plastic in the end-use segments such as electrical & electronics, packaging, and building & construction is further advancing its demand in the global market.
The global energy as a service market is growing proficiently, projected to grow at a CAGR of 11.9% during the expected period from 2019 to 2027, starting from US$ 42.35 Bn in 2018. A key factor driving the growth of global energy as a service market is a growing demand for reducing building energy costs.
Globally, the Encoders market is expected to grow with a CAGR of 11.9% during the forecast period from 2019 to 2027. Encoders are defined small circuit or electronic devices that are used to convert analog signals into digital signals. The encoders are generally used for controlling or tracking various motion parameters such as direction, distance, position or rate. There are two types of encoders namely rotative and linear encoders, which are used as per the requirement and application.
The global emotional analytics market expected to expand at a CAGR of 15.6% during the forecast period from 2019 to 2027. Emotional Analytics is a next-gen technology and with its futuristic implications it has come under the limelight in business world. This technology is useful for data collection, data classification, data visualization and data analytics. Organizations are leveraging the capabilities of this technology to improve their customer relationship management (CRM).
The global emission control catalyst market is growing proficiently, projected to grow at a CAGR of 7.2% during the expected period from 2019 to 2027, starting from US$ 17.28 Bn in 2018. Rising awareness towards reduction of carbon footprints along with stringent government regulations for air pollution reduction is projected to have a positive impact for emission control catalyst in the upcoming years. Additionally, various regional policies for emission regulation such as Euro standards in European Union, National Ambient Air Quality Standards and California Ultra Low Emission Vehicle in the U.S. and Bharat Stage emission standards (India), have restructure and significantly controlled the emissions.
When a power disruption is faced by the transmission line, time is the essence. The systems of emergency response must be ready to go. The spare tower is an emergency response system tower, an essential part of preparedness for emergency response. ERS as a product provides the manufacturing units with production work and its deployment ensures minimal power cuts when tower failures occur. Thus, the losses of interruption of the businesses are brought down.
Globally, the electronic shelf label (ESL) market is expected to grow with a CAGR of 16.8% during the forecast period from 2019 to 2027, starting from US$ 450.5 mn in 2018. The market is propelled by the growing adoption of the automation across the retail sector. The retail sector is going through a phase of digital disruption. The emergence of the online shopping portals has led to the intensive competitive war among the retailers. Therefore, to gain compete with the online retailers, offline retailers are leveraging on the advance technology solution and automating their operations to enhance the business performance and gain efficiency.