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Press releases

Published On: August 18, 2020

The global artificial intelligence chipset market is projected to account for USD 59.2 billion by 2025, according to a new report by Million Insights, and expected to grow with 33.6% CAGR over the forecast period, from 2019 to 2025. Artificial intelligence chip is a dedicated component used in electronic and smart devices to run machine learning applications. 

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Published On: August 18, 2020

The global electronic design automation (EDA) software market size is projected to reach USD 14.54 billion by 2025 with a CAGR of 8.9%, according to a new report by Million insights. The growing adoption of electronic devices across the globe is prompting manufacturers to develop compact electronics devices by incorporating and minimizing the size of miniaturized chips / ICs which has complex designs. 

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Published On: August 18, 2020

The global commercial drone market size would touch USD 129.23 billion by 2025, as estimated by Million Insights. Further, the market is projected to expand at over 56% CAGR from 2019 to 2025. Increasing application of commercial drones such as agriculture, real estate, construction, photography and entertainment is driving the market growth.

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Published On: August 17, 2020

The global off-highway vehicle lighting market is estimated to attain USD 1.31 billion, by the end of 2025, and is anticipated to grow at a CAGR of 7.0% from 2018 to 2025, according to a new report by Million Insights. The increasing requirements for mining and construction equipment along strict government regulations are boosting the market growth. The growing awareness about safety of the workers is also expected to increase the demand for the off-highway vehicle lighting in the next few years.

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Published On: August 17, 2020

The global TV analytics market size is anticipated to value USD 655.4 million until 2025. It is also expected to register a CAGR of 21.2% over the forecasted years, 2019 to 2025. The rising need for deployment of analytical tools in many streaming platforms and OTT platforms is projected to drive the market growth for TV analytics.

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Published On: August 17, 2020

The global pre-engineered building market size is projected to reach USD 30.79 billion by 2025 with a CAGR of 15.5%, according to a new report published by Million Insights. Rising technological developments in the construction industry and growing urbanization & industrialization in the developing economies such as China, Brazil and India are expected to drive the demand for the market. 

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Published On: August 17, 2020

The global Stepper Motors market size is anticipated to value USD 6.0 billion until 2025. It is also expected to register a CAGR of 4.1% over the forecasted years, 2019 to 2025. The surging demand across the labeling and packaging industry coupled with the need for automating manufacturing processes is expected to drive the market growth for stepper motors across the globe.

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Published On: August 17, 2020

The U.S. lead acid battery market size is projected to account for USD 14.4 billion in 2025, as estimated by Million Insights in its new report. The market is likely to expand at 5.3% CAGR from 2019 to 2025. Increasing demand for UPS systems from end-use industries such as healthcare, oil & gas, chemical, manufacturing and paper is driving the growth of the market. 

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Published On: August 17, 2020

The global combined heat and power installation market size is likely to account for USD 12.0 billion by 2027, as predicted by Million Insights. It is estimated to expand with 3.1% CAGR from 2020 to 2027. The growing focus in replacing traditional form of energy with a new, efficient and cleaner form of energy is projected to augment the market growth. In addition, rising demand for energy from the industrial sector is estimated to drive market growth.

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Published On: August 17, 2020

The global security paper market size is projected to reach USD 24.33 billion by 2025 and projected to grow with a CAGR of 7.0% during the forecast period from 2019 to 2025, according to Million Insights. The increasing need for anti-counterfeit technologies in printing currency and printing bank checks applications is anticipated to drive the market over the forecast period. Security papers help to protect essential documents from forgery and alteration by using various technologies such as hologram, threads &Ultraviolet (UV) fiber and watermark.

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Published On: August 14, 2020

The global intelligent building automation technologies market is projected to reach USD 105.2 billion by 2025 and expected to grow with CAGR of 7.0% over the forecast period, from 2019 to 2025, according to Million Insights. Growing awareness of sustainability in the wake of rising global warming is anticipated to fuel the market growth during the forecast period.Emergence of new technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) is projected to propel the market growth in the near future.

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Published On: August 14, 2020

The global maritime satellite communication market size is likely to be USD 4.74 billion by 2025, as estimated by Million Insights. The market is estimated to witness 8.9% CAGR from 2019 to 2025. Increasing marine services has led to a rise in need for cost-effective and reliable communication solution, which in turn, driving the market growth. 

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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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