The avionics market is expected to witness significant growth in the coming years. It is projected to reach USD 54.9 Billion by 2024 and USD 117.0 Billion by 2034. The experts at Future Market Insights anticipate a steady growth trajectory during this period at a CAGR of 7.9%. This growth is attributed to increased demand for commercial aircraft, particularly in emerging economies, …
Category Archives: Industrial News
FMI Study States Global Selective Laser Sintering Equipment Market Size to Exceed USD 4.2 Billion by 2033, Driven by 18.6% CAGR Growth
The global selective laser sintering (SLS) equipment market revenue is anticipated to reach USD 4.2 billion by 2033, up from USD 765 million in 2023. Future Market Insight estimated a remarkable CAGR of 18.6% for the market between 2023 and 2033. SSLS 3D printing technology is capable of producing complex and customized products with unparalleled accuracy and …
FMI Analysis Affirms Global Printed Circuit Boards (PCBs) Market Size to Reach USD 104.8 Billion by 2033, Driven by 5.1% CAGR Growth
The printed circuit boards (PCBs) market is poised for remarkable growth, with projections indicating an extraordinary valuation surpassing USD 104.8 billion by 2033. Fueled by a consistent compound annual growth rate (CAGR) of 5.1% forecasted from 2023 to 2033, this ascent highlights the pivotal role of PCBs in shaping the rapidly evolving technological landscape. Driving this remarkable …
Global Offshore Wind Market Revenue Share Anticipated to Surge Past USD 325 Billion by 2034, Growing at a 21.4% CAGR | FMI Analysis
The offshore wind market is expected to grow significantly, reaching a CAGR of 21.4% from 2024 to 2034. This growth is driven by global demand for renewable energy, advancements in offshore wind technology, and government policies. Innovations in turbine design, grid integration solutions, and financing mechanisms are expected to further drive sustainable energy futures. Offshore wind projects increased awareness …
Global Hot and Cold System Market Revenue Share to Exceed USD 41.0 Billion by 2034, Driven by 6.7% CAGR Growth | FMI Study
The global hot and cold system market size is poised for significant growth, attaining USD 21.4 billion in 2024. The hot and cold system demand is expected to experience a CAGR of 6.7% from 2024 to 2034. By 2034, the market revenue of hot and cold systems is anticipated to reach a valuation of USD 41.0 billion. The need for efficient temperature-regulating …
Global Small Gas Engine Market Revenue Share Projected to Drive Past USD 5.0 Billion by 2034, Growing Steadily at 5.2% CAGR
The global small gas engine market is anticipated to reach a valuation of USD 3.0 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2024 and 2034, and reaching a total valuation of approximately USD 5.0 Billion by 2034. Beyond portable generators, there …
Global Farm Equipment Market Size Anticipated to Surge Beyond USD 194 Billion Milestone by 2034, Growing Steadily at 5.40% | FMI Study
According to a Future Market Insights (FMI) report, the farm equipment market is estimated to be around USD 114.6 Billion in 2024. It is projected to exhibit a CAGR of 5.40% over the forecast period and reach a size of USD 194.00 Billion by 2034. The agriculture sector is witnessing increasing demand for modern farm equipment due to the rising adoption of precision …
Global Compartment Sinks Market Revenue Share to Drive Past USD 1,409.2 Million by 2033, Driving 6.3% CAGR Growth | FMI Prediction
The global compartment sinks market is anticipated to be worth USD 810.4 million in 2023. According to Future Market Insights, the market will increase at a CAGR of 6.3% between 2023 and 2033, totaling around USD 1,409.2 million by 2033. Future Market Insights, a leading provider of market intelligence and research solutions, has announced the publication of …
Global Heat Lamps Market Valuation Predicted to Drive Past USD 3.29 Billion Mark by 2033, Driven by Robust 15.6% CAGR Growth
The global heat lamps market is expected to reach a valuation of USD 785.8 million in 2023. Future Market Insights reports say that the market is expected to grow at a 15.6% CAGR from 2023 to 2033, anticipated to be valued at USD 3.29 billion by the end of 2033. Heat lamp market was valued at USD …
FMI Analysis States Global Commercial Microwave Oven Market Revenue to Surpass USD 3,263.3 Million by 2033, Growing Steadily at 4.3% CAGR
The global commercial microwave ovens market is positioned for significant success in the year 2023, with an anticipated value of USD 2,137 million. Future Market Insights projects substantial growth for this market, forecasting a steady Compound Annual Growth Rate (CAGR) of 4.3% between 2023 and 2033. This growth trajectory is expected to drive the market to …