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The global flexible printed circuit boards market was valued at US$ 16.56 Bn in the year 2018 and expected to reach US$ 41.04 Bn by 2027, expanding at a CAGR of 10.6% during the forecast from 2019 to 2027. The shift in consumer preference for miniaturized and pocket equipment has significantly flourished the demand for Flexible Printed Circuit Boards (FPCBs). The technology offers about 70% of the total cost reduction in electrical interconnection and reduces nearly 75% of the wiring and cable applications.
The Flavored yogurt market is expected to grow at a CAGR of 6.2% during the forecast period from 2019 to 2027, starting from US$ 59.3 Bn in 2018. Growing awareness of the health benefits associated with yogurt, increase in demand for flavored yogurt in the developing countries, in addition to innovation in the flavor and taste of yogurt supports the growth of the global flavored yogurt market.
Globally, the fifth wheel coupling market is expected to grow with a CAGR of 6.4% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$ 580.0 Mn. The fifth wheel coupling is the devices, which are used for linking a tractive unit to a towed unit. The main functionality of the fifth wheel is to provide articulation among the tractive and the towed units. These coupling systems consist of kingpin, couplers, mounting plates, various linkages and others.
The field service management market worldwide is expected to grow with a CAGR of 18.0% during the forecast period from 2019 to 2027, starting from US$ 3.01 Bn in 2018. Increasing adoption for cloud-based field service management solutions and mounting demand for agility for quick solutions shall drive the field service management market. Field service management is a tool used for operational efficiencies in organizations. It enables the integration of accounting, billing, distribution and servicing. It offers real time communication in a working environment.
Globally, the field device management market is expected to grow with a CAGR of more than 6.7% during the forecast period from 2019 to 2027, starting from US$ 1.22 Bn in 2018. The global field device management market is growing based on factors such as growing importance of industry 4.0 and smart factory, growing demand for filed device management systems, increasing focus on reducing the operational and maintenance cost, and growing investments in development of IoT and automation solutions.