Press releases

The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of ADAS in automobile and growing focus on research and development to build vehicles with advanced features are driving the demand for the market.

The global virtual reality (VR) headsets market size is anticipated to value USD 19.78 billion until 2025. It is also expected to register a CAGR of 21.5% over the forecasted years, 2019 to 2025. The shifting trend towards enhancing virtual experience across applications like retail, entertainment, media and gaming is anticipated to fuel up the demand for VR headsets.

The global precision gearbox market size is anticipated to value USD 2.7 billion until 2025. It is also expected to register a CAGR of 7.4% in the forecasted years, 2019 to 2025. The emerging trend towards the adoption of automation technologies coupled with the rising demand for products is projected to drive the market growth in the upcoming years.

The global mobile cranes market is projected to reach USD 17.03 billion by 2025 and expected to grow with the CAGR of 6.1% over the forecast period, from 2019 to 2025, according to Million Insights. Growing construction activities in order to refurbishment of existing infrastructures and government support for constructing better infrastructures including hospitals, schools, stadiums, airports, and government buildings are expected to drive the market growth over the forecast period. 

The global LiDAR services market is projected to reach USD 2.6 billion by 2025 and projected to register 14.5% CAGR over the forecast period, from 2019 to 2025 according to Million Insights. LiDAR services find several application in automotive industry. In addition, government favorable policies for advanced driver-assistance systems (ADAS) and self-driving vehicles is fueling the market growth.

The global vacuum cleaner market size is projected to reach USD 16.7 billion by 2025 and expected to grow with a CAGR of 9.1% during the forecast period, from 2019 to 2025 according to Million Insights. Rapidly changing lifestyles among millennials and rising demand for smart devices are the major factors which are expected to drive the demand for technologically advanced cleaning equipment.

The global augmented reality headsets market is anticipated to value USD 78.47 billion until 2025. It is also expected to register a CAGR of 73.8% over the forecasted years, 2019 to 2025. The shifting trend towards the adoption of wearable devices coupled with the emergence of technologies like IoT and augmented reality is projected to drive the market growth for AR headsets.

As per the published report, the global food service equipment market size is expected to arrive at USD 50.01 billion by 2028. It is estimated to develop by 5.5% CAGR from 2021 to 2028. Altering habits of food consumption, increase in travel & tourism actions, growth in disposable incomes, plus the rising business proceedings in the food & beverage manufacturing sector, are the various input factors, inspiring the enlargement of this market for food service equipment.

The global field device management market size is estimated to reach USD 1.97 billion, by 2025 and is projected to grow at the CAGR of 6.8% over the forecast period, from 2019 to 2025, according to a new report by Million Insights. Field device solutions allow the consumer to access remotely to maintain diagnose, configure and commission filed devices.

The global electric vehicle communication controller market is projected to attain USD 436.5 million, by 2026, and is anticipated to grow at 32.5 32.5% CAGR from 2020 to 2026, as per a new report by Million Insights. Advancement in charging solutions along with rising demand for electric vehicles is boosting the market growth. Prominent players in the industry include LG INNOTEK and Tesla, Inc. which are engaging in offering advanced charging solutions.

The global livestock grow lights market size is projected to attain USD 10.4 billion by the end of 2025 and is anticipated to grow at a CAGR of 6.8% over the forecast period from 2019 to 2025, according to a new report by Million Insights. Rising consumption of eggs, meat and the growing adoption of smart technologies is projected to surge the market growth. 

The global digital experience platform market size is anticipated to value USD 15.80 billion until 2025. It is also expected to register a CAGR of 10.9% over the forecasted years, 2019 to 2025. The shifting trend of various companies over the adoption of digital platforms for developing marketing strategies is projected to drive the demand for DXPs across the globe.

The global content delivery network (CDN) market size is anticipated to be USD 23,064.3 million by the end of the forecast year 2025, as per a new report by Million Insights. The market is projected to exhibit a CAGR of 11.7% over the forecast duration. Rapid growth in data consumption and internet traffic is attributing to the growth of the market. Additionally, increasing demand for online gaming, internet advertisement and over-the-top (OTT) is projected to bolster the market growth.

The global player tracking system market size is estimated to account for USD 10.70 billion by 2025, as per a new report by Million Insights. The market is likely to witness over 25% CAGR over the forecast period. The growing focus on improving the performance of individual and teams by constant monitoring of their activities is driving the market growth. In addition, performance data obtained from these tracking systems help in minimizing injuries to the players, thus, gaining traction among teams.

The global oil free air compressors market is estimated to attain USD 15.56 billion, by the end of 2025, and is anticipated to grow at the CAGR of 4.8% from 2019 to 2025, according to a new report by Million Insights. Several key benefits such as reduced maintenance cost, easy retrofitting of the old/existing system, variable-speed capabilities are projected to surge the market growth. The air compressors are widely used across chemical, petroleum, manufacturing among other industries.

The global vibration control system market size is estimated to touch USD 6.7 billion by 2027, as per a new report by Million Insights. It is projected that the market would expand with 6.0% CAGR from 2020 to 2027. Increasing VCS adoption in end-use industries such as healthcare, defense, aerospace and electronics is attributing to the growth of the segment. In healthcare, VCS helps in removing impact on critical equipment like MRIs and DNA sequencing microarrays.

The global shell & tube heat exchangers market is anticipated to value USD 9.19 billion until 2027. It is also expected to register a CAGR of 6.2% over the forecasted years, 2020 to 2027. The surging need for heat transfer to carry out several manufacturing activities is expected to drive the market growth of shell & tube heat exchangers across the globe.

The U.S. electric vehicle charging infrastructure (EVCI) market size is projected to be USD 11.35 billion by 2025 witnessing over 39% CAGR, as per a new report by Million Insights. Increasing government support to propel the adoption of the electric vehicle is driving the growth of the market. In addition, EV manufacturers are providing various schemes along with charging lower tariffs for electricity consumption by EVs, thereby encouraging the EV adoption.

The global spray drying equipment market size is projected to attain USD 7.19 billion by the end of 2025 and is anticipated to grow at the CAGR of 6.8% from 2019 to 2025, according to a new report by Million Insights. Spray drying converts slurry, solid feed and liquid into dried powder. This method is highly preferred in the pharmaceuticals and food industry owing to its temperature-sensitive application

The global action camera market is projected to reach USD 9.6 billion by 2025 and expected to grow with a CAGR of 16.7% during the forecast period, from 2019 to 2025, according to Million Insights. Rapidly changing consumer trends and growing demand for advance featured action cameras are major factors driving the market growth. In recent years, 4K and above is parallel with HD image resolution have rapidly changed consumer perception about the camera industry.