Global Market Insights

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. 

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.

  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. 

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. 

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.

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. 

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. 

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. 

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. 

  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.