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Press releases

Published On: August 14, 2020

The global aviation connector market size is likely to touch USD 7.2 billion by 2027, as predicted by Million Insights. The market is estimated to register over 6% CAGR from 2020 to 2027. The rise in manufacturing of new aircraft coupled with growing replacement of old commercial and military aircraft are fueling the market growth.

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Published On: August 14, 2020

The Germany automotive aftermarket is projected to reach USD 23.4 billion by 2025 and expected to grow with the CAGR of 1.1% over the forecast period, from 2019 to 2025, according to Million Insights. Factors like rapidly evolving customer expectation, technological advancement, and increased intense competition among market players are expected to drive the automotive aftermarket growth in Germany.

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Published On: August 13, 2020

The global bamboos market size is estimated to touch USD 98.3 billion by 2025, as predicted by Million Insights in its new report. Further, the market is likely to exhibit the CAGR of 5% from 2019 to 2025. Increasing focus on sustainable infrastructural development and rising demand for furniture from the residential segment is attributing to the growth of the market.

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Published On: August 13, 2020

The global digital forensics market is expected to reach USD 4.24 billion, by the end of 2026, and is anticipated to grow at a CAGR of 12.3% over the forecast period, from 2019 to 2026, according to a new report by Million Insights. Development in computational technologies, increasing internet penetration, and rising cyber attacks concerns are projected to surge the market growth.

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Published On: August 13, 2020

The global traction transformer market size is estimated to reach USD 827.1 million by 2025 and is projected to grow at a CAGR of 4.9% from 2019 to 2025, according to a new report by Million Insights. The increasing demand for fast speed commutation options is driving the development of rail infrastructure.

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Published On: August 13, 2020

The global electric vehicle traction motor market size is anticipated to value USD 19.8 billion until 2025. It is also expected to register a CAGR of 41.6% over the forecasted years, 2019 to 2025. The rising demand for EVs across the globe coupled with the huge investments in R&D activities for enhancing efficiency and operational performance of electric vehicles is expected to trigger the market growth of traction motors.

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Published On: August 13, 2020

The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of ADAS in automobile and growing focus on research and development to build vehicles with advanced features are driving the demand for the market.

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Published On: August 11, 2020

The global virtual reality (VR) headsets market size is anticipated to value USD 19.78 billion until 2025. It is also expected to register a CAGR of 21.5% over the forecasted years, 2019 to 2025. The shifting trend towards enhancing virtual experience across applications like retail, entertainment, media and gaming is anticipated to fuel up the demand for VR headsets.

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Published On: August 11, 2020

The global precision gearbox market size is anticipated to value USD 2.7 billion until 2025. It is also expected to register a CAGR of 7.4% in the forecasted years, 2019 to 2025. The emerging trend towards the adoption of automation technologies coupled with the rising demand for products is projected to drive the market growth in the upcoming years.

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Published On: August 11, 2020

The global mobile cranes market is projected to reach USD 17.03 billion by 2025 and expected to grow with the CAGR of 6.1% over the forecast period, from 2019 to 2025, according to Million Insights. Growing construction activities in order to refurbishment of existing infrastructures and government support for constructing better infrastructures including hospitals, schools, stadiums, airports, and government buildings are expected to drive the market growth over the forecast period. 

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Published On: August 11, 2020

The global LiDAR services market is projected to reach USD 2.6 billion by 2025 and projected to register 14.5% CAGR over the forecast period, from 2019 to 2025 according to Million Insights. LiDAR services find several application in automotive industry. In addition, government favorable policies for advanced driver-assistance systems (ADAS) and self-driving vehicles is fueling the market growth.

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Published On: August 10, 2020

The global vacuum cleaner market size is projected to reach USD 16.7 billion by 2025 and expected to grow with a CAGR of 9.1% during the forecast period, from 2019 to 2025 according to Million Insights. Rapidly changing lifestyles among millennials and rising demand for smart devices are the major factors which are expected to drive the demand for technologically advanced cleaning equipment.

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Published On: August 10, 2020

The global augmented reality headsets market is anticipated to value USD 78.47 billion until 2025. It is also expected to register a CAGR of 73.8% over the forecasted years, 2019 to 2025. The shifting trend towards the adoption of wearable devices coupled with the emergence of technologies like IoT and augmented reality is projected to drive the market growth for AR headsets.

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Published On: August 10, 2020

The global food service equipment market size is projected to reach USD 44.66 billion by 2025 and projected to register 5.0% CAGR over the forecast period, from 2019 to 2025 according to Million Insights. Growth of food service industry coupled with high-end technologies is offering new opportunities for market growth. Rapidly changing lifestyles of working people and increasing demand for ready-to-cook food are fueling the demand for refrigeration equipment.

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Published On: August 10, 2020

The global field device management market size is estimated to reach USD 1.97 billion, by 2025 and is projected to grow at the CAGR of 6.8% over the forecast period, from 2019 to 2025, according to a new report by Million Insights. Field device solutions allow the consumer to access remotely to maintain diagnose, configure and commission filed devices.

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Published On: August 10, 2020

The global electric vehicle communication controller market is projected to attain USD 436.5 million, by 2026, and is anticipated to grow at 32.5 CAGR from 2020 to 2026, as per a new report by Million Insights. Advancement in charging solutions along with rising demand for electric vehicles is boosting the market growth. Prominent players in the industry include LG INNOTEK and Tesla, Inc. which are engaging in offering advanced charging solutions.

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Published On: August 7, 2020

The global livestock grow lights market size is projected to attain USD 10.4 billion by the end of 2025 and is anticipated to grow at a CAGR of 6.8% over the forecast period from 2019 to 2025, according to a new report by Million Insights. Rising consumption of eggs, meat and the growing adoption of smart technologies is projected to surge the market growth. 

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Published On: August 7, 2020

The global digital experience platform market size is anticipated to value USD 15.80 billion until 2025. It is also expected to register a CAGR of 10.9% over the forecasted years, 2019 to 2025. The shifting trend of various companies over the adoption of digital platforms for developing marketing strategies is projected to drive the demand for DXPs across the globe.

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Published On: August 7, 2020

The global content delivery network (CDN) market size is anticipated to be USD 23,064.3 million by the end of the forecast year 2025, as per a new report by Million Insights. The market is projected to exhibit a CAGR of 11.7% over the forecast duration. Rapid growth in data consumption and internet traffic is attributing to the growth of the market. Additionally, increasing demand for online gaming, internet advertisement and over-the-top (OTT) is projected to bolster the market growth.

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Published On: August 7, 2020

The global player tracking system market size is estimated to account for USD 10.70 billion by 2025, as per a new report by Million Insights. The market is likely to witness over 25% CAGR over the forecast period. The growing focus on improving the performance of individual and teams by constant monitoring of their activities is driving the market growth. In addition, performance data obtained from these tracking systems help in minimizing injuries to the players, thus, gaining traction among teams.

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