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As per the research report insights analyst predicts the home furniture market in the US to grow steadily at a CAGR of around 6% during the forecast period.Growing need for shifting and settling down has led to an upsurge in demand for home furniture globally. Also, the growing popularity of online stores due to the rising internet penetration will positively affect the growth potential of this market.
Evolution of Internet of Things (IoT) and machine learning technology has led to development of applications that notify the status of a machine to operators/supervisors on their PCs or smartphones. Various government initiatives, for instance, ‘Make in India’ by the Indian government and ‘Made in China 2025’ by the Chinese government, support the establishment of manufacturing units in their respective nations.
The factors such as reduction in the cost of connectivity and increasing market penetration of connected devices such as smartphones, and tablets are contributing to the burgeoning demand for connected cars. The automotive telematics market by volume is estimated to witness a growth at a CAGR of 22.1% over the period of 2017 to 2025
Increasing defense budgets, particularly in asia pacific, is anticipated to drive growth. Goodwill of the industry participants is expected to play a key role in contract allotments. Advancements such as increased fuel efficiency and efficient armor material are expected to fuel industry growth over the next seven years. Limited budget for military spending particularly in north america and europe may pose a challenge to the armored vehicle industry over the forecast period
Countries across the globe are facing significant concerns related to terrorism, civil wars and armed conflicts between law enforcement agencies and anti-national groups. Numerous governments are striving extensively to tackle such situation peacefully. However, in certain situations, harsh steps are needed to be taken such as use of fire arms in favor of national security.
The market for starter motor in terms of value is estimated to grow at a rate of 5.20% from 2015 to 2020, while that of alternator is estimated to grow at a CAGR of 5.36%. Asia-Oceania is estimated to be the largest market for starter motor & alternator. The region houses some of the most populous nations such as China and India, which together constitute two-thirds of the world population
An Advanced Combat Helmet (ACH) is used by homeland security, military, and law enforcement agencies as a protective combat helmet to enhance a soldier's ballistic and impact protection. Although the structure of an ACH reduces the area of coverage, it is also used as a platform to mount electronics such as communication and night vision devices
The global organic personal care products market is foresee in a report by Research Report Insights (RRI) to hold a splinter characteristic because of the presence of a number of local and international companies. Development of enhanced products at affordable cost could be highly adopted as a go-to strategy to gain an upper hand over other players of the market.
In a highly consolidated vendor landscape, Everspin Technologies Inc. displays clear leadership in the global magneto resistive RAM market, finds Research Report Insights (RRI) in a latest report. The company held a share of more than 64% in the overall market in 2015
Many businesses working in the global low voltage (LV) and medium voltage (MV) switchgear market are focusing on mergers and acquisitions as key strategies, in order to gain extensive revenue.
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