In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Frequency Converter Market Report The global frequency converter market by revenue is expected to grow at a CAGR of 5% during 2020–2026. The market is expected to grow due to the growth in industrial production, technological advancements,...
The inductive proximity sensor market was valued at USD 1463.8 million in 2019 and is expected to reach USD 2196.8 million by 2025, at a CAGR of 7% over the forecast period 2020 - 2025. The growing automotive industry in Asia is also creating potential for global inductive proximity sensor market. China’s new vehicle market expanded by 3%...
Non-destructive Testing (NDT) market was valued at USD 16.72 billion in 2020 and is expected to reach a value of USD 24.64 billion by 2026, at a CAGR of 6.7% during the forecast period 2021-2026. According to the British Institute of Non-Destructive Testing, every day, more than 25,000 inspections are carried out in factories and on-site in...
The global prepreg market size is projected to grow from USD 6.2 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 10.5% between 2020 and 2025. Prepregs are demanded in various applications including aerospace & defense, wind energy, sporting goods, automotive, electronics (PCB), and others; due to its advantages properties such as...
China’s demand for Aerospace and Defense has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
The global SiC fibers market size is projected to grow from USD 382 million in 2020 to USD 1,262 million by 2025, at a compound annual growth rate (CAGR) of 27.0% between 2020 and 2025. SiC fibers are advanced and have high-performance characteristics. These fibers are used as reinforcements for Ceramic Matrix Composites (CMCs), Polymer Matrix...
The market for metamaterials is anticipated to register a CAGR of over 24% during the forecast period. One of the major factors driving the use of metamaterials is increasing R&D activities for various applications in the aerospace and defense, telecommunication, and consumer electronics end-user industries, among others. Increasing wireless...
The global polycarbonate sheets market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 5.1% between 2020 and 2025. Growing demand from end-use industries is driving the market for polycarbonate sheets. However, the environmental impacts of polycarbonate sheets are expected to restrain this market....
The metal matrix composites market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the higher specific strength and modulus of metal matrix composites market. However, lack of experienced workforce for manufacturing metal matrix composites is likely to hinder the...
The Global Machine Condition Monitoring Market was valued at USD 3092.24 million in 2020 and expected to reach USD 5154.9 million by 2026 and grow at a CAGR of 9.02% over the forecast period (2021 - 2026). One of the primary goals for any business is the prolonging of an asset’s lifecycle and ensuring that the asset functions efficiently for...