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The Germany automotive aftermarket size was accounted for USD 21.5 billion in 2018 and expected to grow with a CAGR of 1.1 % over the forecast period, 2019 to 2025. Factors such as product innovation and rising service orientation are majorly driving the growth of the automotive aftermarket in Germany. Further, Innovation by market players in product line including lighting & electronic components, turbochargers, and engines with high capacity are some major factor expected to boost the automotive aftermarket growth in Germany.
The global aviation connectors market size was valued at USD 4.5 billion in 2019. It is estimated to expand at 6.3% CAGR from 2020 to 2027. Factors such as rise in the number of aircraft carriers, emphasizing on air safety and advancement in avionics system are attributing to the growth of the market. In addition, increasing demand for the vibration-free and reliable connector is further driving the market growth.
The global maritime satellite communication market size was worth USD 2.64 billion in 2018. The market is predicted to register 8.9% CAGR over the forecast duration, 2019 to 2025. The increasing need for cost-effective and reliable communication services at sea is driving market growth. In addition, increasing demand for network systems for navigational purpose is further bolstering the market growth.
The global intelligent building automation technologies market size was accounted for USD 64.7 billion in 2018 and projected to grow with a CAGR of 7.0% over the forecast period, from 2019 to 2025. Factors like increasing concern about global warming, growing awareness of energy consumption, and increasing energy prices have majorly driven the market growth. In addition, growing awareness for environmental protection and increasing usage of renewable energy resources are anticipated to propel the growth of the intelligent building automation technologies (IBAT) market.
The global driving simulator market size was USD 4.6 billion in 2019. It is projected to register 3.4% CAGR from 2020 to 2027. The emergence of autonomous vehicles worldwide is a key factor driving the growth of the market. Use of innovative components such as processors and sensors has gained traction in the automobile in the recent past.
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