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Global Market Insights articles

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Global surgical robot market to hit $24bn

Global surgical robot market to hit $24bn
With technological advancements set to revolutionise healthcare in the coming years, the surgical robots market is anticipated to capture a significant share of the changing medical industry. Of late, precision robots have been able to make minimally invasive surgeries a reality and are being increasingly used in a wide range of surgeries. 
30th August 2019

GaN and SiC power semiconductor market to reach $3bn by 2025

GaN and SiC power semiconductor market to reach $3bn by 2025
The GaN and SiC Power Semiconductor Market is set to grow from its current market value of more than $400m to over $3bn by 2025; as reported in the latest study by Global Market Insights. The power semiconductor devices are witnessing high adoption for different power applications fuelling the growth of the GaN and SiC power semiconductor market.
10th July 2019

Embedded software market to cross $20bn by 2025

Embedded software market to cross $20bn by 2025
  Global Embedded Software Market is set to grow from its current market value of more than $12bn to over $20bn by 2025; according to a new research report by Global Market Insights. The embedded software market growth is attributed to the increasing adoption of embedded devices in the retail and automotive sector. 
14th June 2019


AI in manufacturing market to reach $16bn by 2025

AI in manufacturing market to reach $16bn by 2025
As per the report by Global Market Insights, ‘Worldwide Artificial Intelligence in Manufacturing Market was valued one billion in 2019 and will surpass a revenue collection of one 16 billion by 2025 with an annual growth rate of 40% over 2019 to 2025’. Artificial Intelligence in Manufacturing Market is driven by the rapid adoption of industry 4.0 technologies. 
21st May 2019

Circuit breaker market to witness a phenomenal growth

Circuit breaker market to witness a phenomenal growth
Circuit Breakers Market will surpass $21bn by 2024, as reported in the latest study by Global Market Insights. Affirmative regulatory mandates toward the development of cross border electric infrastructure to sustain the rising demand for the refurbishment of ageing transmission network will foster the circuit breaker market.
25th April 2019

Power distribution component market to exceed $140bn by 2025

Power distribution component market to exceed $140bn by 2025
The power distribution component market is expected to exceed $140bn by 2025, as reported in the latest study by Global Market Insights. Growing demand for refurbishment and retrofitting of existing electrical setup along with fiscal and regulatory restructuring across the large-scale industries will boost the global power distribution component market. 
12th February 2019

AI deployment to drive GPU as a service market

AI deployment to drive GPU as a service market
Robust advancements in technology have led to a rise in the deployment of IT-based solutions, impelling GPU as a service market. Nowadays, GPUs (graphics processing units) are being predominantly integrated with the CPU (central processing unit) in self-driving cars, artificial intelligence, and high processing power computing, subject to consumer demands for the installation of graphics in their systems. 
24th January 2019

Global Elevator Market set to surpass $130bn by 2025

Global Elevator Market set to surpass $130bn by 2025
The elevator Market will likely surpass $130bn by 2025. Elevators are one of the major transit mediums which facilitates urban flow by transporting goods and population vertically within a building. Hence, advancements in the construction industry would augment the growth in global lift market. 
10th December 2018

Artificial intelligence in education market to grow at 45% CAGR

Artificial intelligence in education market to grow at 45% CAGR
Asia Pacific is estimated to be the most lucrative region for AI in education market, estimated to grow at a CAGR of over 51%. The digitalisation and supportive government initiatives in the region have a noteworthy impact on the growth of the market. For instance, in 2015, the Japanese government launched Japan Revitalisation Strategy, which focuses on the development of advanced robots equipped with AI and machine learning technology. 
3rd December 2018

Smart speaker market size worth over $30bn by 2024

Smart speaker market size worth over $30bn by 2024
  The Smart Speaker Market is expected to witness a significant growth due to the increasing penetration of smart homes across the globe. Several factors, such as growing need to increase consumer convenience and growing network connectivity, will drive the demand. 
3rd December 2018


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