The AMOLED display market worldwide is expected to grow with a CAGR of 14.50% during the forecast period from 2019 to 2027, starting from US$ 21.20 Bn in 2018. AMOLED (active matrix organic light emitting diode) displays market is primarily governed by the consistently growing sales of smartphones worldwide. It is an advanced version of OLED display and is being extensively used in smartphones, smart watches, laptops, televisions and other electronic devices. Availability of numerous AMOLED displays such as super AMOLED, super AMOLED advanced, super AMOLED plus and others has ensured wide application areas for these displays. On account of growing consumer electronics market, we are expecting huge growth in the AMOLED displays market throughout the forecast period.
The amniocentesis needles market is set to reach from US$ 156.4 Mn in 2018 to US$ 205.8 Mn by 2027 at a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2019 to 2027. Amniocentesis is frequently performed in prenatal diagnosis to identify any chromosomal abnormalities, neural tube defect and fetal infections during pregnancy. Rising public health awareness and implementation of effective health guidelines pertaining to obstetrics and gynecology drive the amniocentesis needles market growth.
The aluminum forging market worldwide is expected to grow with a CAGR of 5.4% during the forecast period from 2019 to 2027, starting from US$ 11.60 Bn in 2018. Rapid increase in aluminum demand in automotive and aerospace industry is the key factor for growth of aluminum forging market worldwide. The process of pounding and pressing the aluminum under pressure is known as aluminum forging.
The global aluminum caps & closures market is rising significantly, anticipated to expand at a CAGR of 4.3% during the estimated period from 2019 to 2027, starting from US$ 5.60 Bn in 2018. The rising concerns for product security and safety along with growing demand for convenience packaging solutions the market is growing substantially.
Large scale use of extruded aluminium products in the number of industries is impacting the growth of aluminium extrusion market on a global level. Aluminium extrusion is the process of melting and transforming aluminium alloy into objects with definitive cross-sectional profiles for a number of industrial as well as domestic uses. Extruded aluminium products such as bar, beam, rod, and angles are widely used in the building & construction industry, electrical industry for transmission and distribution of electricity and automotive industry, etc.
Alpha thalassemia treatment market accounted for a market value of US$ 526.1 Mn in 2018 and projected to grow at a CAGR of 7.1% during the forecast period from 2019 to 2027. Alpha thalassemia is a congenital autosomal recessive disorder caused due to absence or reduction in alpha globin peptides due to a deletion or mutation of the alpha globin genes. Alpha thalassemia usually found in Africa, the Middle East, India, Southeast Asia, southern China, and the Mediterranean region.
The rising application of algae in nutraceuticals & pharmaceutical industries has influenced the market growth in the recent past. The growing use of algae biomass for nutraceuticals purposes is expected to provide an attractive revenue stream for algae producers. Further, the growing industrial application of algae is providing business opportunities to the companies that have further impacted the market growth.
The global airport information system market is growing competently, expected to grow at a CAGR of 6.1% and is projected to reach 5.75 Bn by 2027. The need for technological developments, an increase in upgrading of existing systems, and an efficient air passenger traffic are factors expected to drive the market. In addition, upgrading and modernization activities of the existing airports, the massive increase in constructions of new airports, inclination towards business intelligence solutions and other major programs for staff and passengers is projected to boost the market growth globally.
Aircraft sequencing systems market projected to witness the promising growth of 9.68% throughout the forecast period. Aircraft sequencing refers to joint sequencing and scheduling of arriving & departing of aircraft. Increasing air traffic demand as well as rising flight delays placed enormous stress on whole Air Traffic Management (ATM) system that costs passengers, airlines, and the overall economy several billions of dollars each year.
The aircraft retread tires market worldwide is projected to rise with a CAGR of 4.2% during the estimated period from 2019 to 2027, starting from US$ 692.3 Mn in 2018. The growth of commercial aviation worldwide is the major factor driving the aircraft retread tires market. Focus on less operating cost of the aircraft and rising international tourism are the other major factors for market growth. Eco-friendly, safe & secure, low cost and other benefits of retread tires will boost the demand for the market.
The global aircraft doors market was valued at US$ 3.75 Bn in 2018 and expected to witness a notable growth, expanding at CAGR of 4.49% during the forecast period from 2019 to 2027. Aircraft doors are designed and manufactured as an integral part of airframe structure with air-tight precision. Based on their working principle and position in airframe body, aircraft doors are locked either by means of pressure difference on opposite sides of the door or by external locking mechanism.
The aviation industry and businesses at its periphery are experiencing robust growth with the expansion of global population. Affordable air travel and rising disposable income of middle class is pushing the passenger travel at record level. This has influenced the demand for new fleet of aircrafts from airliners which in turn encouraged the growth of air transport MRO market. Moreover, new initiatives such as visa on arrival and open-sky agreement among countries like the U.S. and India, has further influenced the passenger travel among countries of the world.
Air separation plant continue to attract heavy investment from the market players pertaining to its rising application and its applicable industry growth. Iron & steel industry has high demand for pure oxygen gas for steel making and coal gasification. Strong growth of iron & steel industry with production and consumption both showing good growth, the demand for pure oxygen and thereby air separation plant is growing stupendously.
The air fryer market worldwide is expected to raise with a CAGR of 6.7% during the forecast period from 2019 to 2027, starting from US$ 666.6 Mn in 2018. Rising awareness for eating healthy food and growing kitchen appliances market worldwide are the key growth factors for air fryer market. Growing inclination towards low oil food has led the market demand for air fryer. Air fryer have several benefits such as less oil consumption, healthy cooking, easy cleaning, compact design and others aiding the market growth.
The global air conditioning and refrigeration compressors market was valued at US$ 20.63 Bn in 2018 and is expected to expand at a CAGR of 3.7% throughout the forecast period from 2019 to 2027. Air conditioning and refrigeration compressors is a key component of any air conditioning and refrigeration systems, from a small mini-split air conditioner to the largest commercial system. The HVAC systems, are widely gaining popularity in industries such as food, transportation and are being primarily used by both commercial and residential sectors across the globe.
The AI-based surgical robots market is set to reach US$ 33,244.4 Mn by 2027 from US$ 6,237.3 Mn in 2018 projecting rampant growth at a compounded annual growth rate (CAGR) of 20.7% during the forecast period from 2019 to 2027. As per the statistics provided by World Health Organization 70% of the global deaths are associated with non communicable disease. Technological advancement in the surgical robots equipment enhanced with artificial intelligence is being currently utilized by surgeons worldwide to curb the mortality rate associated with chronic disease.
The global AI-based medical diagnostic tools market is increasing proficiently, expected to grow at a CAGR of 25.6%. Internationally, increasing prevalence of lifestyle diseases along with huge patient population has suggestively enhanced the growth of artificial intelligence in the healthcare industry. New FDA approvals of AI systems along with enhanced & integrated algorithms, and promising pipeline devices in the medical diagnostics industry are key factors driving the overall growth of AI-based medical diagnostic tools market globally.
The global AI in social media market is poised to reach US$ 33.30 Bn by 2027, expanding at a CAGR of 25.7% during the forecast period from 2019 to 2027. Today social media is not only a place for the human interaction, but has become a marketing tool. Marketers and organizations worldwide are leveraging the power of social media to thrive their businesses in terms of efficiency and productivity. In wake of the same, they are empowering facial and image recognition, chatbots, and influencer marketing schemes to increase visibility of their products or services on social websites.
The global AI in energy management market is growing tremendously, projected to expand at a CAGR of 21.2% throughout the projected period from 2019 to 2027, starting from US$ 5.10 Bn in 2018. The global AI in energy management market is majorly driven by the growing energy production & consumption worldwide along with leveraging artificial intelligence (AI) to improve grid stability and the growing need for smart energy management solutions. In 2018, the global primary energy consumption was 1, 57,063.77 TWh raised 2.4% from 1, 53,347.15 TWh in 2017.
Globally, the AI and Blockchain cloud services market is expected to grow with a CAGR of more than 25% during the forecast period from 2019 to 2027. Since emergence of Big Data, various new technologies are being developed that would help in data analysis and effective output generation. AI and Blockchain are at the top of these technologies that mainly follow a protocol of analyzing enormous amounts of data (Big Data) that is generated in various industries and providing significant solutions based on the trends and historic information.