The growing need to improve the operation efficiency of commercial vehicles is driving the electronic logging device market in the world. Electronic logging device (ELD) technology is used in commercial vehicles, trucks, and buses to record driving time, hours of service (HoS), capture data on vehicle engine, movement & miles driven and driver ID. By using ELDs in their vehicles, drivers are benefitted with a reduction in their fuel cost, increased driver productivity and vehicle diagnostics in real-time.
The electronic bidet seats market worldwide is expected to grow with a CAGR of 3.60% during the forecast period from 2019 to 2027. Electronic bidet seats market is expected to witness steady growth in the near future due to the rise in hygiene awareness among consumers. On account of increased genital diseases among young population, bidet seats are now increasingly preferred by the consumers. Electronic bidet seats are in demand due to their benefits such as warm water temperature control, toilet seat temperature control, air dryer, adjustable water pressure and others. As a result of these benefits of electronic bidet seats, we are expecting steady growth in near future.
The Electrodermal activity detecting devices market is set project promising growth at a compounded annual growth rate (CAGR) of 8.7% during the forecast period from 2019 to 2027. Electodermal activity detection is also known as galvanic skin response employs sensors for measuring and detecting human stress and different emotional activities. The important parameters assessed by employing EDA devices are arousal detection, emotional cartography, relaxation biofeedback etc.
Globally, the electrical testing services market is expected to grow with a CAGR of 7.3% during the forecast period from 2019 to 2027, and is expected to reach a market value of around US$ 7.65 Bn in 2027. Electrical testing services are an electrical assessment, which includes inspection, systematic scrutiny, and diagnosis of important heavy-duty electrical devices. These services are an essential process for checking the systems functioning, performance and working longevity.
The global electric vehicle traction motor market was stood at US$ 1.83 Bn in the year 2018 and predicted to reach US$ 43.90 Bn by the year 2027, expanding at a CAGR of 42.6% during the forecast from 2019 to 2027. The global automotive industry is at the cusp of a major transformation. Rising energy security & environment concerns clubbed with the evolution of future technologies, digitalization, rapid advancement in powertrain electrification, and ever-increasing user expectation have upended the automotive business.
The global electric vehicle insulation market is growing proficiently, projected to grow at a CAGR of 26.3% during the expected period from 2019 to 2027, starting from US$ 1.26 Bn in 2018. The global electric vehicle insulation market is growing proficiently, projected to grow at a CAGR of 26.3% during the expected period from 2019 to 2027, starting from US$ 1.26 Bn in 2018.
The global electric two-wheelers market was valued at US$ 12.72 Bn in 2018 and expected to witness a notable growth, expanding at CAGR of 8.17% during the forecast period from 2019 to 2027. Technological advancements in automotive field coupled with need for carbon emission control have paved the way for electric vehicles thereby stimulating the demand for electric two-wheelers. Electric two-wheelers accounted for major share in overall electric vehicles market worldwide in 2018.
Globally, the electric traction motor market is expected to grow with a CAGR of 19.2% during the forecast period from 2019 to 2027, starting from US$12.9 Bn in 2018. The electric traction motors are mainly used in the locomotive or the electric vehicles for the propulsion by producing the rotational torque. At present, these electric traction motors play an important role in the locomotives. The electric traction motors help vehicles for reliable and safe functions.
Globally, the electric charging station market is expected to grow with a CAGR of more than 39% during the forecast period from 2019 to 2027, starting from US$8.8Bn in 2018. The adoption of electric vehicles is growing rapidly across the world. Electric charging station provides the import role in the adoption of electric vehicles as they offer the safe, durable, reliable and the affordable charging infrastructure and ecosystem.
Growing concern about environment and advancement in battery technology have influenced any industries across the globe to adopt green-tech in their application. With traditional combustion-based boats emits high pollution, there is a need for an alternate energy source to propel boats. The electric boat is one such industry where manufacturers are shifting towards batteries for improving the carbon footprint of the industry. Along with this, with the passage of the Paris Climate Agreement, many countries of the world are forming laws to promote eco-friendly technologies, the boat industry is not an exclusion from it.
Globally, the edutainment market is expected to grow with a CAGR of 17% during the forecast period from 2019 to 2027, up from US$ 2.30 Bn in 2018. This market is mainly attributed to the rapid advancement in the technology domain. The technology sector has evolved significantly over the past decade. This development has brought new phenomena in the education sector with the introduction of entertainment in the learning models.
The global education technology market was valued at US$ 142.81 Bn in 2018 and is anticipated to grow to US$ 435.60 Bn growing at a CAGR of 13.33% throughout the forecast period from 2019 to 2027.
The rapid adoption of technological advancement along with big data revolution in the education sector has provided numerous learning opportunities for educators, learners, curriculum developers, content creators, and researchers. The adoption of technology has offered many new tools and methods that are assisting learners and developers to optimize learning techniques for teaching and learning.
The e-SIM devices market worldwide is expected to grow with a CAGR of 32% during the forecast period from 2019 to 2027. E-SIM devices market worldwide is witnessing rapid growth since the past few years with growth in smartphones market. E-SIM also known as Embedded SIM can be remotely manage multiple mobile network operator subscriptions by complying with GSMA specifications. Remote provision, M2M connections provide seamless and easy mobile connectivity in smartphones.
The overall dual-in-line package sockets market is projected to register a CAGR of 5.0% through the estimation period starting from 2019 to 2027. Dual-in-line package sockets market is driven by the continued growth in integrated circuits market. Integrated circuits have become an integral part of nearly all of the electronic devices and components. With consistently growing dependence on electronics, integrated circuits market is expected to continue witnessing robust growth, thereby fueling the dual-in-line package sockets market.
The dual-in-line memory module sockets market worldwide is expected to grow with a CAGR of 15.0% during the forecast period from 2019 to 2027. The integrated circuits market prominently drives the dual-in-line memory module sockets market. A DIMM socket is made using a series of dynamic, random-access memory (RAM) ICs. The modules are attached with a PCB and are primarily designed for servers and PCs. Over the recent years, DIMMs have emerged as the primary memory module, thereby replacing single in-line memory modules (SIMMs).
The global DSL tester market is growing competently, anticipated to grow at a CAGR of 6.4% during the projected period from 2019 to 2027, starting from US$ 1.05 Bn in 2018. The growing usage of the internet today’s life is swiftly fuelling the growth of the DSL tester market globally. Rise in population and increasing technological developments in the arena of the internet is driving the demand for digital subscriber line (DSL) among internet service suppliers.
Globally, the dry vacuum pump market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027, starting from US$ 5.70 Bn in 2018. The growth of the market is credited to the rising demand in the semiconductor industry. The semiconductor manufacturers are leveraging on the dry vacuum pumps for dry cleaning chips, circuit boards, and other manufacturing equipment. The rapid advancement in consumer electronics products such as smartphone, tablets, digital cameras, and other digital electronics is further accelerating the adoption of the dry vacuum pumps in the market.
Globally, the drone for petroleum market is expected to grow with a CAGR of 13.5% during the forecast period from 2019 to 2027. The market is propelled by the increasing advancement in the drone technology. Over the past five years, UAVs has emerged as the most disruptive tech innovation across the industry sectors. The cost effective nature and high efficiency of the drones makes them an ideal option for wide range of industrial application.
Dravet syndrome treatment accounted for a market value of US$ 209.2 Mn in 2018 and projected to grow at a CAGR of 11.7% during the forecast period from 2019 to 2027. The current treatment options available for Dravet syndrome target specifically the symptomatic relief associated with epileptic seizures. However, recent drug approvals for Dravet syndrome treatment has increased the overall market size and attracted attention of major pharmaceutical companies.