Press releases

The Middle East intelligent transportation systems (ITS) market size is projected to value at USD 6.77 billion by 2025, according to a new report published by Million Insights, accounting for a CAGR of 11.6% from 2018 to 2025. Intelligent transportation system is combined with superior automotive sensors to track and create strategies to lower traffic congestion or offer accessibility to sensitive pollution zones, where quality of air is beneath the acceptable range. These systems alert drivers about vehicle releasing pollutant levels and the necessary actions that needs to be taken. Additionally,

The global in-flight entertainment & connectivity market is projected to reach USD 13.6 billion by 2028, according to Million Insights. The market is expected to grow with a 9.5% CAGR above the forecast period, from 2020 to 2028. The rising demand for seamless connectivity among passengers is one of the major factors to drive market growth.

The global car DVR market size is projected to touch USD 1.84 billion by 2022 according to a new report by Million Insights, Growing focus on car safety and technological advancements in automotive manufacturing are driving the market growth. Further, the use of dash cam is gaining traction over recent years in both passenger and commercial cars.

The global automotive finance market size is anticipated to reach USD 344.1 billion until 2026. It is anticipated to register growth with 6.7% CAGR during the forecasted period, 2020 to 2026. This growth can be associated with features like rising disposable income, the need for purchasing well-equipped vehicles prevailing among the millennial population, and increasing investments across the automobile industry.

The Middle East distribution transformer market size is projected to value at USD 3.59 billion by 2022, according to a new report published by Million Insights. The demand for better electrical distribution has resulted in rising usage across the commercial, industrial, and power sectors. 

The global burner management system market size is anticipated to reach USD 7.63 Billion until 2025. It is expected to register growth with 6.1% CAGR during the forecasted period, 2019 to 2025. This growth can be associated with rapid industrial development and need for ensuring safety and security of employees.

The global athleisure market size is projected to touch USD 517.5 billion by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 8.1% through the forecast period of 2019-2025. Rise in adaption of fashionable and stylish athleisure wearing in offices and work places is projected to propel the demand of the market.

The global airport security market size is projected to touch USD 12.70 billion by 2022, according to a new report by Million Insights, Growing focus on the security of airports amid a rising number of terrorism threats is driving the market growth. Recently, authorities have shifted their focus towards prevention of any security lapse from potential threat identification.

The global brushless DC motors market size is anticipated to reach USD 27.2 billion until 2027. It is anticipated to register growth with 6.6% CAGR during the forecasted period, 2020 to 2027. This growth can be associated with features like improved energy saving ability, enhanced operational efficiency, low maintenance, and operational costs as compared to the traditional motors

The global underwater robotics market size is anticipated to reach USD 6.74 billion until 2025. It is anticipated to register growth with 13.5% CAGR during the forecasted period, 2018 to 2025. This growth can be associated with its surging usage for carrying out underwater activities like intelligence, surveillance, and investigation.

The global marine composites market size is anticipated to reach USD 5.29 billion by 2025, according to a report published by Million Insights. The market is expected to grow at a CAGR of 5.0% from 2019 to 2025. Growing demand for lightweight, corrosion-resistance and high strength materials in the shipbuilding industry is anticipated to propel the market growth of the market.

The global roaming tariff market is projected to attain USD 88.9billion, by the end of 2027, and is anticipated to grow at the CAGR of 4.5% over the forecast period, 2020to 2027, according to a new report by Million Insights. Increasing penetration of digital media & internet network is projected to surge the market growth. In addition, a growing number of LTE subscribers owing to a wider network range are also boosting the market growth

The global fraud detection & prevention market size is anticipated to reach USD 56.56 billion until 2025. It is anticipated to register growth with 18.9% CAGR during the forecasted period, 2018 to 2025. This growth can be attributed to the rising need for providing cyber security prevailing among several organizations to gain the trust of customers and securing their data.

The global electric vehicle charging infrastructure market size is anticipated to touch USD 111.75 billion by the end of 2027, according to a new report by Million Insights. The market is projected to grow at with 32.0% CAGR from 2020 to 2027. Growing focus on developing infrastructure for electric vehicles is projected to drive the growth of the market.

The global connected gym equipment market size is projected to reach USD 5.96 billion by 2025, according to Million Insights, registering a CAGR of 31.2 % over the forecast period, 2019 to 2025. Rising health consciousness along with increasing digitalization in gym equipment is anticipated to drive the market growth.

The global ceramic filter market size is projected to touch USD 2.97 billion by 2025, according to a new report by Million Insights. The market is anticipated to exhibit a CAGR of 13.5% over the forecast duration. Stringent regulation regarding the treatment of disposal water and harmful gases has led to an increase in demand for ceramics filter over the forecast duration.

The global ceramics market size is anticipated to reach USD 407.72 billion by 2025. The market is projected to grow at a CAGR of 8.6% over the forecast duration. Development in 3D printing technology and increasing demand for ceramics in the dental implant are driving the market growth.

The North America smart parking system market size is anticipated to reach USD 4,110.8 Million until 2025. This growth can be associated with the need for developing better parking solutions to avoid conflicts and mishaps. Moreover, the increasing usage of smartphones and tablets which support these mobile applications is expected to fuel up the market growth in the upcoming years.

The global motion sensor market size is projected to touch USD 8.7 billion by 2025. The market is anticipated to grow at 7.8% CAGR, according to a new report by Million Insights, Growing use of motion sensors in gaming devices and consumer electronics is driving the market growth.

The global textile market size was USD 993.6 billion in 2021 which is projected to expand at a CAGR of 4% and reach USD 1420.3 billion by 2030. Primary reasons likely to drive this growth include the expansion of e-commerce portals and the high demand for clothing and apparel from the fashion sector.