3D imaging technology with its boundless possibilities in upcoming products is altering processes and methods across industries and enhancing lives. The technology's influence spans from mobile phone apps to effective surgeries to high-tech military and space imaging. Coupled with the rapid adoption is the commercialization of the technology with companies achieving cost effective developments and manufacturing of stereo devices.
The application of drone technology in business processes has been typically noticeable in countries having high-quality technical education and a long history of radio-controlled model airplane societies together with the supportive regulatory framework in the region. The aviation industry is witnessing increasing acceptance of drone solutions, owing to emerging opportunities in the industry due to similar knowledge requirement, risks, and functions.
The heating equipment market is observing constant growth in the U.S. owing to its essential usage in the industrial, commercial, and residential sector. The development of systems and solution that are energy efficient and can operate on renewable source is projected to augment demand for heating equipment in the U.S.
Connected enterprise utilizes Internet-of-Things (IoT) IoT to integrate Information Technology (IT) and physical processes. It is a unified integration of Operational Technology (OT) and IT, which employs smart processes that utilize the potential of data analytics to enhance the effectiveness of their operations.
The fat replacer market is projected to witness considerable growth across the world owing to its high demand in the food and beverage processing industry. Encouragement from health groups and government agencies have further catalyzed the awareness of nutritional and balanced diet.
The automotive aftermarket has witnessed significant advancements in the exhaust technology, safety technology, and other component fabrication technologies that enhance vehicular performance.
The automotive V2X market is in its nascent stageand offers immense scope for growth. The rising need for lesser traffic congestion, lower fuel wastage, and safer roads, has led to the need for an intelligent transportation system, where vehicles can continuously interact with each other and road-side infrastructure, facilitating the flow of reliable information about the present traffic conditions across the entire network.
Precision Agriculture is defined as an information and technology based farm management system to identify, analyze and manage variability within fields by doing all practices of crop production in right place at right time and in right way for optimum profitability, sustainability and protection of the land resource.
The increasing adoption of various spectroscopic techniques in a variety of industrial applications, including chemicals, oil & gas, pharmaceutical, and food and agriculture, is expected to propel the overall market growth.
The enterprise wearable technology has become one of the major industries with an ever-broadening potential to expand over the forecast period. A large spectrum of wearable devices, such as smart glasses & watches, clothes, skin patches, and various health-monitoring gadgets, are making a significant mark in the consumer electronics market.
In the food & beverages industry, air contamination is viewed as a key point of concern. A minor handling error or production leakage may result in disastrous end product. Air is also a key ingredient in the processed food industry, and can carry up to 1500 bacteria per cubic meter. Industrial air filters are used to eliminate these harmful bacteria keeping the food & beverages production environment clean.
Increasing emphasis of manufacturers towards ensuring safe & healthy working conditions in factories and warehouses is a chief reason spurring materials handling equipment market. Further, increasing demand for automated solutions owing to upsurge in technological developments in this domain may augment product sales.
Compressed air is increasingly becoming intolerant to air contamination in numerous applications that require clean air, and is a key factor expected to drive the oil free air compressor market growth over the forecast period.
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