Automotive Robotics Market size, share, analysis Report, 2024. The global automotive robotics market is expected to grow at a CAGR exceeding 11% over the forecast period (2016 - 2024).
The industry is expected to surpass USD 16 billion by 2024. Demand for vehicles like cars, trucks, off-road vehicles, busses, and two wheelers is a key factor driving the industry. The rapidly growing vehicle manufacturing industry could enhance the popularity of automotive robotics. Huge investments in new manufacturing units of emerging markets will augment industrial growth. Moreover, investments in production and in the modernization of vehicle manufacturing will positively influence the market. Rising research & development (R&D) in technology and focus on enhanced production capacity & sustainability, could fuel the industry in the forecast period.
High capital investment is a major challenge facing the global automotive robotics market. Intelligent Virtual Assistant Market Analysis And Segment Forecasts 2012 To 2020. Industry Insights The global intelligent virtual assistant market is projected to exceed USD 3 billion by 2020.
Increased focus on effective client communication, made easy by virtual assistants, is expected to drive the intelligent virtual assistant market over the forecast period. Key industry participants serve numerous industries such as travel, insurance, finance, government, retail, media, etc. Land Mobile Radio Market Analysis and Forecasts 2016 To 2020. Industry Insight Land Mobile Radio technology is a wireless communications system projected for utilization by worldwide users on foot portables or in vehicles This LMR systems are used by emergency responder organizations such as fire fighters, ambulance service, police, and dispatched services, public work organizations such as numerous field staff, taxis, and companies with large vehicle fleets.
Land mobile radio market is expected to grow over the forecast period due to the significance of mission critical operations and expansions of long term evolution. LMR is denoted as professional mobile radio in North America and private mobile radio In UK. Land mobile radio system is wireless communication system which is used in emergency services, police departments and public work organizations. 5G Technology Market Size, Share. The global 5G technology market is estimated to exhibit substantial growth from 2016 to 2024 (forecast period). 5th generation wireless systems, or widely known as 5G, indicate the next stage mobile telecommunication standards beyond the 4G standards.
It offers faster internet access as against 4G. With the advent of analogue cellular systems, radio technologies have become a rapidly evolving and multidirectional platform. This has led to the extensive use of digital wireless communication systems aimed at meeting the needs of people globally. Widespread adoption of internet-enabled services worldwide will drive the market. Light Fidelity (Li-Fi) Market Size. The global light fidelity (Li-Fi) market is expected to witness substantial growth over the forecast period on account of the increasing adoption of communication technology and a number of internet users.
Precision Gearbox Market Size. The global precision gearbox market is expected to witness substantial growth over the forecast period on account of the growing demand from the automotive sector.
The rising global population and increasing consumer disposable income have led to the demand for vehicles such as two wheelers, four wheelers. Defense Market Analysis, Trends and Future Outlook, 2016 To 2024. The global defense market is growing rapidly as the military budgets of governments worldwide are increasing annually.
The governments of various countries worldwide are also investing in defense R & D to equip their countries with technologies that guarantee safety from harmful elements. The annual defense budget of top 50 countries has crossed USD 1.6 trillion, which is more than the GDP of 11 largest economies. There is also a clear belief in the global environment that the defense budget increase reflects the economic growth of countries. The defense equipment is majorly made up of ground vehicles, missile systems, sensors and radars, unmanned systems, and naval systems. DSL Network Equipment Market Share, Growth, Trends and Forecasts, 2016 to 2024. The DSL network equipment market is expected to grow significantly over the forecast period owing to the increase in the number of internet users globally.
Moreover, as the internet service providers are growing rapidly in terms of subscriptions, the demand for network equipment is anticipated to grow in the near future. Another standard for DSL that supports gigabit speeds has been endorsed by the International Telecommunication Union Known as G.fast. The manufacturers of network equipment chips such as Broadcom are upgrading their chips to support the upcoming technology. With the introduction of G.fast, internet carriers and service providers are expected to provide a new speed boost to the digital subscriber line equipment. Average sized organizations have been reliably dividing into a system of smaller areas throughout the previous couple of years. Ducted Air Conditioning Unit Market Trends and Forecasts, 2016 - 2024. The ducted air conditioning market is projected to grow at a CAGR of about 6% owing to increasing awareness and requirement for energy efficiency.
Regulatory norms in various countries have necessitated the manufacture of energy efficient systems and innovation in the traditional systems. These energy efficient systems help domestic and industrial consumers as reduction in energy ratings bring down their electricity bills. Wireless Charging Market Size, Share. Global Industry Report, 2024. The global LiDAR market was valued at approximately USD 260 million and it is projected to grow at an approximate CAGR of over 12% over the forecast period of 2016 to 2024.
The rising demand is due to the adoption of an aerial system for detecting and exploring and increasing the number of new innovative products. The market is expected to be driven by factors such as government regulations to adopt these technologies, increasing demand for 3D imaging technology, automation technologies to reduce human efforts and to improve efficiency. Major factors which are expected to increase the consumption are automated data processing and image resolution capabilities.
Third Party Logistics Market Size. The Third Party Logistics (3PL) Market is expected to grow at a CAGR of 3.5% over the forecast period from 2016 to 2024. Third party logistics (3PL) can be defined as a person whole receives, holds or transports a consumer product in the ordinary course of business but does not take title to the product. Third party logistics providers are courier companies, freight providers and other companies offering subcontracted logistics and transport services.
Continued growth in global economy and increased supply chain management has led to significant growth in the market. Increase in outsourcing of strategic, customer facing and IT intensive logistics activates has further fuelled the growth. Market consists of intensely competitive industries such as computers, automotive, retail and electronics were margins are pretty low. The Volume of cross border trade has increased vastly, with extra regional trade strongly outpacing intra-regional trade in many regions.
Integrated Systems Market Size, Share.