The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects.
Increasing preference of customers in order to obtain, order, validate and pay for tickets conveniently has led to an upsurge in demand for mobile ticketing market in the coming years. In addition, reduced distribution and production costs related to traditional ticketing channels based on paper will further fuel growth of the market in the coming years.
According to a recent market report published by Research Report Insights (RRI) titled, “Lighting controllers Market by 2025” the global lighting controllers market was valued at US$ 4,214.2 Mn in 2016, and is expected to register a CAGR of 17.6% from 2017 to 2025.
CCTV Closed-Circuit Television (CCTV) is the use of video cameras to transmit signal to a specific place on a designated device. It may employ point to point (P2P), point to multipoint or mesh wireless links.
Passive Optical LAN or POL is a solutions that helps private and public organizations by outstanding network performance. POL contribute various services to businesses, governments, hospitals, hotels, real estate developers, and universities by reducing their infrastructure cost and deploying single network.
Global Packaging robotics market is forecast to be valued at over USD 5.03 billion by 2024. Logistics service robotics market size is set to exceed USD 650 million with 14 % CAGR expectations.
Land Mobile Radio (LMR) has long been the preferred communication network for a variety of industries that dispatch vehicle fleets or have mobile workforces including public safety as well as construction, utilities, hospitality and transportation.
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 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
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
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