The need for optimum fuel utilization and engine performance monitoring urged automotive manufacturers across the globe to incorporate engine speed sensors into their products. This allowed engine speed sensors market to reach market value of US$ 3.7 Bn in 2017 and estimated to touch US$ 4.88 Bn by 2026 with a compound annual growth rate of 3.1%. Although a very small device, engine speed sensors plays a major role in driving modern-day IC engines irrespective of application in which they are used.
The global multi-parameter patient monitoring equipment (MPME) market is increasing competently, expected to grow at a CAGR of 5.8%. Multi-parameter patient monitoring equipment is essentially used for monitoring patient’s health in real-time. The high-end multi-parameter models are in demand globally, which include all the major vital signs offering connectivity options to the central monitoring area. Human vital parameters include blood pressure heart rate, oxygen saturation, and respiration rate.
Globally, the mining excavators market is expected to grow with a CAGR of more than 5% during the forecast period from 2019 to 2027. Globally, the mining equipment industry has witnessed a considerable growth based on increased mining operations across various parts of the globe. The demand for mining equipment such as excavators is mainly driven by recovery of commodity prices and increasing focus on technology and automation as the way forward.
The global meat processing equipment market is growing competently, projected to grow at a CAGR of 6.9% during the expected period from 2019 to 2027, starting from US$ 9.81 Bn in 2018. In terms of value, the grinding equipment is estimated to dominate the market for meat processing equipment in 2019. Additionally, wide-scale practice of grinding equipment for grinding fragmented pieces of tenderized meat into smaller pieces will expand the market growth.
Globally, the machine tool touch probe market is expected to grow with a CAGR of 3.8% during the forecast period from 2019 to 2027, starting from $550.3 Mn in 2018. The touch probes are used to measure the dimensions of work piece in a machine tool, and are connected to the sensors that enables safe operations of the machines in industrial setting. This increases the safety of the machines, thus, drives the usage of machine tool touch probe for numerous operations, and thus, increases its market size.
The Instant print camera market worldwide is expected to grow with a CAGR of 2.4% during the forecast period from 2019 to 2027, starting from US$ 0.96 Bn in 2018. Instant Camera, also known as a polaroid camera, is a user-friendly instant camera that produces on-site photography. The camera utilizes self-developing film that prints the images from the camera itself clicked on. Instant camera process development mixes side film-like colors.
Globally, the inkjet printers market is expected to grow with a CAGR of more than 7.2% during the forecast period from 2019 to 2027, starting from US$ 45.18 Bn in 2018. The process of inkjet printing is growing at a rapid pace across the printing and packaging industry. This inkjet printing technique is commonly used on home as well as office desktop printers. Initially this technique was used for coding and marking applications however, with time its applications increased and are now being adopted as alternative for tradition printing processes.
The global infrared detectors market is expected to expand at a CAGR of 8.7% during the forecast period from 2019 to 2027. Infrared detectors are devices used for detecting infrared radiation by forming IR images from temperature and emissive differences. There are three basic types of infrared detectors namely quantum/photon IR detectors, thermal IR detectors and radiation field detectors. Infrared detectors find applications across both military and civil applications.
The industrial battery chargers market is expected to reach US$ 3.42 Bn in 2027, growing at a CAGR of 8.14% during the forecast period from 2019 to 2027. Industrial battery chargers are used for charging large battery banks that find its applications in various industries such as IT, telecom and power. Continuous supply of power is very crucial in large industries as few minutes of power downtime could incur huge amount of loss. To avoid such occurrences, batteries are predominantly used. Rising technology innovation in battery powered transportation, energy and power sector, etc. has created huge demand for storage of energy.
In-display fingerprint sensors market reached the market value of US$ 672.7 Mn in 2018 and expected to grow with promising rate throughout the forecast period from 2019 to 2027. Biometric authentication techniques for user authentication are more secure and easier to use than a typed password. Among the technologies available, fingerprint sensing strikes the sweet spot through convenience and security. Instead of remembering strong password, biometric identification techniques enable users to swipe a finger for identity authentication.
Globally, the Image Intensifier Units Market is expected to grow with a CAGR of more than 4.9% during the forecast period from 2019 to 2027, starting from US$ 850.0 Mn in 2018. Image intensifiers are the devices used to recognize images and objects with the help of a camera at low light. These devices comprises of a vacuum tube with numerous multiplication and conversion screens.
The global hydrogen compressor market is poised to reach US$ 3.09 Bn by 2027, expanding at a CAGR of 6.8% during the forecast period from 2019 to 2027. Increase in number of hydrogen gas pipelines, innovations in automotive industries, government policies for clean fuel, and growing demand for hydrogen fueling stations are identified as the major factors driving demand for hydrogen Compressor worldwide. However, higher initial cost, frequent maintenance, and dynamic price for raw materials are the major challenges faced by hydrogen compressor market.
Globally, the hydraulic gear pumps market is expected to grow with a CAGR of 4.2% during the forecast period from 2019 to 2027, starting from 2018. A hydraulic gear pump is defined as a pump, which has two or more than two impellers that are in a form of toothed wheels that work together. In these types of pumps, flow is produced by moving the fluid in between the two meshing gears teeth. The pumps have very narrow clearance space between the gears, through which the hydraulic liquid is pumped out.
Globally, the hitter based hand tools market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027. Hand tools are those that require manual efforts when being handled rather than using some energy or motor. These tools are largely used in household as well as industrial applications. Furthermore, people across the globe are moving towards doing things on their own, since the emergence of the concept of DIY (do-it-yourself).
The headlight control module market worldwide is expected to grow with a CAGR of 4.2% during the forecast period from 2019 to 2027, starting from US$ 3.44 Bn in 2018. Headlight control module for the high beam adaptation during the night vision applies an embedded design approach. In October 2018, Hella launched a smart headlight technology research project for the efficient development of the intelligent headlamps. Project aims towards developing the intelligent headlamp which not only identifies probable changes in the performance at a very early stage but is also very much capable of reimbursing for them.
The global gaming laptops market worldwide is expected to grow with a CAGR of 21.6% during the forecast period from 2019 to 2027, starting from US$ 18.1 Bn in 2018. Because e-sports create an ecosystem for viewers to experience real-life gaming, there has been a significant increase in e-sports market growth in recent years. In addition, the huge amount of prize money involved in the different gaming tournaments that create high career prospects for gamers is increasing the number of gamers that aspire to become professional gamers.
Globally, the gaming hardware market is expected to grow with a CAGR of 15.7% during the forecast period from 2019 to 2027, starting from US$ 135.25 Bn in 2018. The market is propelled by the increasing number of gamers across the globe. Over the past decade, the number of gamers, including serious gamers, enthusiast gamers and casual gamers, has increased significantly.
The fountain machine worldwide is expected to grow with a CAGR of 2.9% during the forecast period from 2019 to 2027, starting from US$ 1.80 Bn in 2018. The fountain machine market is growing steadily owing to increased penetration of carbonated drinks worldwide. Adoption of carbonated drinks by youngsters as well as millennials worldwide is the other growth factor for fountain machine market. Application of these machines at restaurants, malls and other stores is increasing, which in turn helped the fountain machine market to grow. Thus, we are expecting steady growth in the fountain machine market during the forecast period.
Globally, the folding gluing machines market is projected to rise with a CAGR of 5.4% over the forecast period from 2019 to 2027, starting in 2018 with a market value of US$ 525.1 Mn. Folding gluing machines are mainly used to convert and fold flat sheets of various sizes into various boxes based on the requirement. These machines allow the manufacturer to develop several boxes including the crash-lock bottom, straight-line, pocket fold, and multi-corner boxes. Additionally, the folding gluing machines can also use and process different materials including, micro-flutes, litho-laminates, plastics, solid board, and others.
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.