Press releases

The global mini LED market size is anticipated to value USD 5.9 billion until 2025. It is also expected to register a CAGR of 86.6% over the forecasted years, 2019 to 2025. The adoption of the mini LEDs in several industries is gaining traction due to their features like enhanced brightness and gamut levels, enhanced contrast ratio, and lower time required for their response as compared to OLEDs and other LCD lights.

The global riding boots market size is projected to value USD 2.18 billion by 2025, according to a new report published by Million Insights, with a CAGR of 6.1% from 2019 to 2025. The rising interest among the young population for sport, cruiser, and dirt bikes for recreational and adventure activities is anticipated to be the major driver for market growth. The increasing awareness for safety measures to safeguard against road accidents is expected to fuel the demand for different safety gear like riding boots.

The global pay TV market size is projected to be USD 260.0 billion in 2027, according to a new report by Million Insights. It is projected that the market would register 1.7% CAGR from 2020 to 2027. Owing to the increasing competition from OTT media players, pay TV service providers are changing their business models. As a result, emerging players like MOBIT is providing cost-effective, flexible and customized content. This is projected to encourage new and existing players to diversify their services.

According to new report of Million Insights, the global laptop market size is projected to account for USD 108.91 billion by the end of the forecasted year and is expected to grow with 0.4% CAGR over the forecast period, from 2018 to 2025. Increasing spending on consumer electronics devices coupled with evolving lifestyles is a key factor driving the market growth during the forecast period.

The global automotive motor market size is projected to reach USD 49.07 billion by 2025 and registering CAGR of 6.7% over the forecast period from 2019 to 2025, according to new report of Million Insights. Automotive industry is gaining traction due to technological advancement to cater to rapidly changing consumer preferences.

The global targeting pods market size is anticipated to value USD 5.21 billion until 2025. It is also expected to register a CAGR of 6.3% over the forecasted years, 2017 to 2025. The rising need for ensuring international border safety and security isexpected to trigger the market growth for targeting pods.

The global smart robots market size is expected to attain USD 16.46 billion by the end of 2025 and is estimated to register CAGR of 22.4% during the forecast period from 2018 to 2025, according to a new report by Million Insights.The growing trend of robotic automation and technological development for industrial applications is projected to increase the demand for smart robots in the next few years.

The global smart stadium market size is estimated to reach USD 21.00 billion by 2025 and is projected to grow at a CAGR of 20.9% from 2019 to 2025, according to a new report by Million Insights. Growing focus on entertaining & engaging the fan inside the stadium along with guidelines set by sports government authorities is mainly contributing to market growth. The increasing number of national & international sports events with a data-driven approach is expected to spur the market growth in the next few years.

The global furniture market size is projected to account for USD 718.3 billion by 2025, as per a new report by Million Insights. It is projected that the market would register over 5% CAGR from 2018 to 2025. With increasing consumer spending, the demand for branded furniture has increased over the past few years. In addition, emerging countries are witnessing significant growth in the commercial and residential construction, which in turn, offer lucrative growth opportunity.

The global microdisplays market size is estimated to touch USD 3.42 billion by the end of 2025 and is projected to register a CAGR of 19.1% over the forecast period 2018 to 2025, according to a new report by Million Insights. Microdisplays are compact in size and offer high pixels and resolution.

The global computer numerical control machines market is estimated to reach USD 117.17 billion, by the end of 2027, and is projected to grow at a CAGR of 7.3% over the forecast period, 2020 to 2027, according to a new report by Million Insights. Growing demand for reduced manpower operational costs are expected to surge demand for automation with computer numerical control (CNC) machines. In addition, technological advancement in CNC machines through laser, grinding, welding machine, and milling machines are projected to positively impact market growth.

The China cold chain market is projected to value USD 27.79 billion until 2025. It is expected to register a CAGR of 10.9% over the forecasted years, 2017 to 2025. The increasing preference over the consumption of processed food products prevailing across the millennial population is projected to propel the demand for cold chain solutions and products.

The global automotive electronics market size is likely to account for USD 493.69 billion in 2027, as per a new report by Million Insights. It is predicted that the market would register 9.0% CAGR from 2020 to 2027. Increasing sales of hybrid and electric vehicles are proliferating the growth of the market. In addition, integration of advanced systems such as ABS, sensors, airbags and others is supplementing the market growth for automotive electronics.

The global autonomous vehicle market demand is projected to account for 4.2 million units by the end of 2030, registering over 63% CAGR, according to a new report by Million Insights. Also known as self-driving vehicles, these are the combination of sensors and several networking systems. Over the past few years, there has been significant development in the field of autonomous driving technology. Further, companies such as Google LLC and Tesla have upped their investment in research & development, thereby, attributing to the growth of the market.

The global ready-mix concrete market size is projected to account for USD 1,206.1 billion in 2027. The market is anticipated to register 7.9% CAGR by revenue from 2020 to 2027, as per a new report by Million Insights. Rapidly increasing construction activities in both residential and commercial sectors is attributing to the high growth of ready-mix concrete. 

The global physical security market size is anticipated to value USD 171.0 billion until 2027. It is also expected to register a CAGR of 6.5% over the forecasted years, 2020 to 2027. Increasing concerns about safety and safety prevailing among the population across the globe coupled with the surging number of attacks and security breaches are anticipated to drive the demand for physical security solutions.

The global thermal imaging market size is estimated to account for USD 11.45 billion by 2027, according to a new report by Million Insights. The market is projected to expand at 8.4% CAGR over the forecast duration 2020 to 2027. Thermal imaging technologies are increasingly used in conjunction with infrared cameras in the detection of elevated body temperature. This feature makes it an ideal for deployment at entry gateways at airports during COVID-19 outbreak. In addition, thermal imaging technologies are gaining traction in various commercial and residential applications. 

The global precision harvesting market size is estimated to attain USD 22.9 billion by the end of 2027 and is projected to register a CAGR of 8.6% from 2020 to 2027, according to a new report by Million Insights. Precision harvesting is a modern technique that involves sensors & cameras for detecting an accurate period for higher crop production. This technique helps in improving crop efficiency through the monitoring of humidity, soil & temperature. 

The global organic soap market size is projected to be USD 383.4 million by 2025, according to a new report published by Million Insights, expanding with a CAGR of 8.1% from 2019 to 2025. The growth is attributed to the increasing awareness relating to environmental conservation and water pollution due to harmful chemicals used in personal care products such as parabens, phthalates, triclosan, aluminum salts and triclocarbon.

The global messaging security market size is anticipated to value USD 11.10 billion until 2025. It is also expected to register a CAGR of 13.7% over the forecasted years, 2017 to 2025. The rising need for ensuring security of messages, chats and confidential data is expected to trigger the market growth for messaging security solutions.