Press releases

The global non-destructive testing market was valued at USD 17.9 billion in 2021 and is expected to grow to USD 34.1 billion by 2030, advancing at a CAGR of 7.7% during the forecasted timeframe. Non-destructive testing finds key usage in several industries such as aerospace and oil and gas.

The global tilt sensor market is likely to account for USD 288.7 million by 2025. The market is anticipated to expand at 8.9% CAGR over the forecast duration, according to Million Insights. These sensors help in measuring the angular inclination of equipment or vehicles, thereby, altering operators or drivers about probable incidents. The adoption of tilt sensors has increased owing to the increasing focus on safety in construction equipment and automobile. 

The global harmonic filters market size is anticipated to value USD 1.28 billion until 2025. It is also expected to register a CAGR of 7.1% over the forecasted years, 2018 to 2025. Surging demand for harmonic filters across electronic systems to reduce effects caused due to non-linear loading and resonance is estimated to trigger the market growth for harmonic filters.

The global B2C e-commerce market size is estimated to attain USD 6.2 trillion by the end of 2027 and is projected to register a CAGR of 7.9% from 2020 to 2027, according to the new report by Million Insights. Increasing penetration of smartphones & the internet along with the growing trend of online shopping is projected to surge the growth of market.

The global hospital HVAC systems market size is projected to reach USD 11.34 billion by 2025 and expected to grow with the CAGR of 7.2% over the forecast period from 2019 to 2025, according to anew report by Million Insights. Hospitals have precise needs in terms of aseptic conditions and maintain air quality as per the health conditions of the patients.

The global flat glass market size is predicted to be USD 202.9 billion by 2027, as per a new report by Million Insights. It is estimated that the market would register 7.3% CAGR from 2020 to 2027. The rise in product demand from the construction industry is the major factor driving market growth.

The global pet wearable market size is projected to reach USD 6.88 billion by 2030 with a CAGR of 14.3% during the forecast period. The growing awareness of pet well-being is a leading factor for the market to inflate.

The global office peripherals and products market is anticipated to reach USD 51.65 billion, by the end of 2025, and is projected to grow at a CAGR of 5.4% over the forecast period, from 2018 to 2025, according to a new report by Million Insights Rapid urbanization in developing countries is opening up new businesses which are anticipated to propel the demand for office peripherals. In addition, increasing demand for products like shredders, scanners, and printers is also boosting the market growth.

The global big data as a service market size is anticipated to value USD 51.9 billion until 2025. It is also expected to register a CAGR of 38.7% over the forecasted years, 2019 to 2025. The increasing need for data storage, handling, processing and analysis for business expansion is expected to drive the market growth.

The global artificial intelligence in agriculture market size is estimated to reach USD 2.9 billion, by 2025 and is projected to grow at a CAGR of 25.4% over the forecast period 2019 to 2025, according to a new report by Million Insights. Artificial intelligence solutions are used in different forms for agricultural farming which include crop & soil monitoring, predictive analytics and agricultural robots. 

The global flexible display market is projected to reach USD 39.19 billion by 2025 and registering a CAGR of 28.1% during the forecast period, from 2019 to 2025, according to a new report by Million Insights. Growing adoption of lightweight and energy-efficient consumer electronic devices is a major factor in driving the market growth.

The global automotive e-axle market size is anticipated to touch USD 27.19 billion, by the end of 2025, and is projected to grow at a compound annual growth rate of 23.7% during the forecasted period, 2019 to 2025, according to the new report by Million Insights. Increasing adoption of electric vehicles (EVs) is estimated to drive the growth of automotive e-axle in the coming few years. Additionally, countries like Germany and South Korea have planned to produce electric vehicles in large capacity, which is anticipated to surge the market growth.

The global porous ceramics market size is anticipated to value USD 12.4 billion until 2025. It is also expected to register a CAGR of 11.4% over the forecasted years, 2019 to 2025. Surging demand for porous ceramics across the medical industry and for manufacturing filters are projected to fuel up the demand for porous ceramics.

The global light duty vehicles market size is projected to be USD 922.21 billion by 2025, as per a new report released by Million Insights. It is estimated that the market would witness 8.5% CAGR over the forecast duration. The growing use of passenger cars for shared mobility is anticipated to positively drive the growth of the market.

The global machine learning market is anticipated to value USD 96.7 billion until 2025. It is also expected to register a CAGR of 43.8% over the forecasted years, 2019 to 2025. An exponential increase in the generation of data coupled with the need for its analysis for forecasting and predicting future outcomes are projected to propel the demand for ML technology.

The global software defined radio market size is projected to reach USD 39.6 billion by 2027 with a CAGR of 8.7%, according to a new report by Million Insights. The growing demand for SDR communication in telecommunication, military & defense and various other sectors are expected to be a key driving factor for the market growth in the forthcoming years. The growing development in the wireless networks such as moving from 2G/3G to 4G and now 5G is creating huge problems for networks providers, equipment vendors as well as subscribers. 

The global legal services market size is estimated to attain USD 1,045.2 billion, by the end of 2025, and is projected to grow at the CAGR of 4.1% during the forecast duration, 2019 to 2025, as per the new report by Million Insights. Increasing use of new & advanced technologies in legal services are projected to boost market growth.

The global automotive hypervisor market is anticipated to generate a revenue of USD 698.2 million by 2025 and growing at a CAGR of 33.2% over the forecast period, from 2019 to 2025, according to Million Insights. The market is majorly driven by growing demand for advanced features in vehicles

The global portable fire extinguishers market size is projected to touch USD 16 billion by 2025, according to a new report by Million Insights. It is anticipated to grow at 10.2% CAGR through the forecast period of 2019 to 2025. Demand for extinguishers that are lightweight is growing amongst the consumers. Rising number of casualties is a key factor propelling the demand for such extinguishers in commercial and residential premises. Governments are majorly focusing on strict measures to ensure safety, which is expected to have a positive impact on the growth of the market. 

The North American heating equipment market size is anticipated to value USD 10.81 billion until 2025. It is also expected to register a CAGR of 5.6% over the forecasted years, 2018 to 2025. The rising number of infrastructure and construction projects coupled with the need for replacement and repair activities is expected to trigger the market growth.