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Global Interior Design Market will expected to reach USD 214860 million by 2025

The global Interior Design market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 7.9% in the forecast period of 2020 to 2025 and will expected to reach USD 214860 million by 2025, from USD 158260 million in 2019.

Global LiDAR Market will expected to reach USD 1180.2 million by 2025

The global LiDAR market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 14.2% in the forecast period of 2020 to 2025 and will expected to reach USD 1180.2 million by 2025, from USD 694.7 million in 2019.

Global Roadheader Market will expected to reach USD 433.8 million by 2025

The global Roadheader market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.2% in the forecast period of 2020 to 2025 and will expected to reach USD 433.8 million by 2025, from USD 383 million in 2019.

Contactless Payments Market is Expected to reach USD 18.8 billion by 2021

The report Global Contactless Payments Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast” anticipates the market to reach USD 18.82 billion by 2021. The global contactless payments market was USD 4.90 billion in 2014.

Global Precast Concrete Market to Hit USD 58.7 Billion By 2022 – Decisiondatabases.Com

The Precast Concrete Industry, after overcoming the recession period, is expected to show a compound annual growth rate (CAGR) of 3.2% from 2016 to 2022 according to the latest study offered by The global precast concrete market was USD 47.1 billion in the year 2015 and is targeted to hit USD 58.7 billion by 2022.

Agricultural Machinery Market – Growing Rapidly Across Emerging Economies

Agriculture in the prehistoric times dealt with the domestication of plants and animals dating back at least 12,000 years. During this period, most of the laborious activities were performed by domesticated animals like oxen, bullocks, cows, etc. whereas all high-skilled tasks like sowing, harvesting, etc. were performed by humans alone. This continued in the developed world till 1900’s after which effective agricultural techniques were widely adopted when the need for higher productivity was experienced. With the modernization of agriculture, many new practices like selective breeding, use of fertilisers and pesticides were introduced which helped to increase agricultural productivity. This led to the industrial revolution in the 19th century which further gave impetus to the invention of several new types of machinery to be used in various agricultural processes.

In modern times, all basic tools, machines and equipment that provide ease in agricultural processes and increase agricultural productivity and quality come under the terminology agricultural machinery.

The main machine in the agricultural process is Tractor, which does most of the basic agricultural operation like ploughing, tilling and harvesting. The tractor is the most common agricultural machine comprising of nearly half of the sales of all the agricultural machinery. Other machines used in agricultural processes are ploughs, cultivators, harvesters, haying and forage machinery, planting and fertilization equipment, de-stoners, tillers, sorters, harrows, irrigation machinery, and other hardware equipment like mixers, windmills, wool presses and grinders etc. The inclusion of agricultural machinery in agricultural processes have brought tremendous advantages which helped to the growth of agricultural output. The machinery has benefited the farmers by saving precious time in basic operations, reduced labour requirements, optimized the use of available resources, conserved water by adopting better irrigation techniques, and increased quality & quantity of agricultural output among many others. Agricultural machinery is used in applications like soil cultivation, irrigation, planting, fertilizing, pest control, harvesting, loading and unloading.

The trend of modernization is not just limited to the developed economies, but the developing and underdeveloped economies have also shown tremendous growth potential. For instance, Deere and Company introduced small size tractors named 4M & 5E especially for the needs of small-scale farming in developing economies. In many developed economies, automation and agricultural robots have taken place of machines, thereby automating most of the processes, enabling decreased human involvement and lowering of errors. Agricultural Drones are relatively new and are gaining popularity in developed economies for their monitoring, surveillance capabilities. Global positioning systems i.e. GPS enabling technology is being widely used in developing economies providing precise information about farm planning, soil sampling, crop scouting, variable rate applications, field and yield mapping.

The daily demand for agricultural products of the rapidly increasing global population coupled with decreasing percentage of farm land has brought more focus on improved, technologically advanced agricultural methods to increase farm output and produce quality. The advancement in Genetically Modified Organism (GMO) foods for increased crop quality, high nutritional content, better pest and fungus protection have also contributed to the increased research activities aiming towards meeting the global food demands. In many countries, government subsidies on fertilizers, seeds, pesticides, and most importantly on agricultural machinery because of low-interest rates have contributed to the growth of agricultural machinery market. Increasing funds allocated especially for research and development in agriculture will lead to more growth of this market as developing economies like India and China try to achieve economies of scale to meet their ever-increasing food consumption demands.

However, even though the growth opportunities of this market are tremendous, it needs support from government and financial bodies as agriculture is the backbone of any economy. Increasing globalization, deforestation, soil erosion, excessive use of harmful chemicals, the introduction of new pests, and the occurrence of natural calamities could be possible restraints for the agricultural machinery market.
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Why 5G Services Market Anticipates High Growth After Its Launch?

Mobile internet connectivity always demands increased support for data speed and volume. The latest development is the 4th generation network or long-term evolution (LTE) which supports internet speeds up to 100 Mbps. However, as customer needs, expectations and consumption increase, so does the demand for high-speed connections. And to cater this demand and maintain leadership in the mobile network market, firms are experimenting with the next generation network technology known as 5G services which are expected to be making an entry in the market by the year 2020. 5G services will offer speed upto 1 Gbps and is expected to have 1 ms latency. It is also expected to have better spectrum management capabilities, higher bandwidth support and priority based segregation of data and routeing functionality.

The emergence of Internet of Things (IoT), cloud computing and increasing trend of automated processes in industrial applications will require high speed mobile network connections. 5G services are believed to have innumerable use and applications in the years to come. These include virtual reality, augmented reality, heavy content streaming, immersive gaming experience, robotics and automation, telemedicine, tele-presence, smart transportation systems, disaster monitoring, drone technology and its application, etc. 5G services will play a critical role in the development and deployment of futuristic applications and use cases. For instance, from commercial viewpoint, future digital content will be using 4k/UHD quality, immersive augmented reality games, five-sense immersion applications, etc. From an industrial viewpoint, robotics, automation, machine-to-machine (M2M) devices, etc. will be supported by the high speed 5G technology. The high speed, low latency and the scalability of this technology will be contributing to the growth of this market. In addition to this, with the emergence of complementary technologies like software defined networking (SDN) and network functions virtualization (VFN) will enable new business opportunities and generate new revenue streams for telecom service providers by providing innovative solutions. Additionally, software defined networking and network functions virtualization will enable telecom companies to provide software and server-based infrastructure instead of hardware-based network. Also, by adopting software based network solution, the telecommunication companies could minimize their investment costs and could more easily contribute towards generating revenues. Moreover, the inculcation of SDN and NFV will provide seamless integration with telecommunication infrastructural layers.

Although the market of 5G network services will require high capital expenditure and operating expenditure, leading telecom companies in the U.S. like AT&T and Verizon Wireless are experimenting with broadband-over-power lines (BPL) technology, radio distributes antenna system (RADS) and 28Ghz spectrum which supports high speed wireless data transfer that eliminates digging of ground for laying fibre optic cables.

It is estimated that out of the 7 billion global population, approximately 6 billion have access to mobile phones. The rising demand among the users for high volume and high-speed data transfer coupled with the increased data consumption, growth in mobile traffic and the increasing demand for automation, robotics and machine-to-machine communication in industries and organization is expected to drive the 5G telecom services market in the years to come. Also, the support from private players and government is expected to drive the deployment of 5G technology. 5G services are expected to reach the consumers by the end of 2020, however, South Korea is taking lead by targeting to launch 5G services commercially by 2018 itself.

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Sustainability and Increasing Demand of Renewable Power is pushing the Busbar Trunking System Market on a High Growth Curve

A busbar is an electrical conducting unit which performs as a junction where all incoming and outgoing currents meet. They are mostly used in electric power distribution units when electric current needs to be collected at a point and then distributed accordingly. They are generally made up of copper and aluminium because of their high electrical conductivity, low cost, ease of availability and good corrosion resistance properties. On similar lines, a busbar trunking system is a system of electric power distribution made up of aluminium or copper bus bars which are enclosed for safety and protection from foreign bodies.

Busbars trunking systems are compact in construction and hence require less space for installation as compared to the traditional cable systems. The heat released while distribution and transmission tends to make the system hot. But the well-defined metal casing design helps bus bars system to cool down much faster. They offer tremendous flexibility and scalability as compared to the cable system as they require minimum effort and cost on addition of any extra number of floors or rooms in a building. The cost of installation of busbars is also low as they come pre-installed and hence they just need to be mounted and connected in the correct manner. Busbars offer better resistance due to their design and built than the cable systems, which is crucial in case of short circuits. Due to this compact design and steel enclosure, busbars create a lower electromagnetic field during power transmission. Also this enclosure helps protect the busbars from biting and damage caused by rodents. Moreover, busbars do not carry the flame, poisonous gases, etc. in case of fire outbreak.
Busbar Trunking System Market

The major function of busbar trunking system is the transmission and distribution of electricity in various industrial units. Hence, many engineering corporations employ busbar trunking systems for their power transmission and distribution purposes because these systems offer the following benefits such as low space requirement, easy installation and fitting, upfront network configuration according to the electricity load demands, high reliability in case of short-circuiting fire, and hence increased security and safety. Busbar trunking systems are preferred in wind power generation and distribution centres, data centres, high-rise buildings, retail outlets, shopping malls, IT hubs, manufacturing and process industries, inventories and warehouses.

The developed and developing economies are expected to contribute to the growth of the busbar trunking system market because of the tremendous advantages this system offers over the traditional cable systems. Governments across the globe are focussing on increased adoption of energy efficient practices due to sustainability.The ever-increasing global population have created the problem of living space and so there arises a need for safe and low space requiring power transmission and distribution systems. These space constraints are expected to drive the busbar trunking systems market. Also, to cater the power requirements of this increasing population, busbar trunking systems market is expected to grow further, particularly in the developing economies. Following the Kyoto Protocol, global communities have decided to cut down their emissions levels and hence have focussed their attention on renewable sources of energy like solar, wind and tidal energy. Busbar trunking system is used as an interconnection of wind turbines and solar panels with switchgear, which is in turn connected to the transformers. Hence, because of this increased global focus on energy generation via the wind and solar mediums, the demand for busbar systems is expected to rise tremendously in the next 5 years. Urbanization trends including living and working in high-rise buildings, increasing penetration of IT applications like Internet of Things (IoT) that create humongous amounts of data which is processed and stored by large data centres, increasing manufacturing and industrial activities in developing economies like India and China, are together expected to boost the demand for busbar trunking systems markets in the near future. However, due to factors like fluctuating cost of raw materials involved and lack of technological advancements in busbar trunking systems, the growth of busbar trunking system market could experience a slow pace.


Thermal Paper – Application and Market Growth Analysis

In earlier times, a proof of purchase or contract was hand-written on a piece of normal paper with ink. As the economies expanded, people were more engaged in purchasing and so there arose a need to bring in the more automated process which could facilitate the provision of procuring a purchase receipt. So, to cater this growing need of receipt paper, the thermal paper was introduced. Thermal paper is a special type of paper that is differentiated from normal printing or writing paper by using certain chemicals and dyes on its surface. Moreover, this paper was thinner than printing paper and didn’t require any ink for printing text or images. It supported good quality printing, by applying slight heat, along with its other properties like UV, heat and moisture resistance to enhance its shelf life. This paper was then later being used in several industries like packaging, food, pharmaceuticals, etc. Thermal paper is different from regular printing paper as thermal papers have varied applications, hence it is coated with special chemicals and dyes to protect it from wear and tear and making it moisture and heat resistant up to 130ºC. Due to these properties, it was mainly used as tickets, receipts and tags as proof of purchase.
Thermal Paper Market
Thermal papers have majority of usage in airline tickets, gas stations and have wide adoption in Point-of-Sale (PoS) terminals in retail, hospital, entertainment and gaming, financial institutions, hospitality sector, government sectors, grocery stores, banking, healthcare institutes, chain restaurants, convenience stores, high-end specialty stores, and transportation mediums like bus or train. They are also widely used as ATM receipts. Another widespread use of thermal papers is in printing barcode enabled labels like food labels. They have excellent barcode scanning ability. They are UV resistant due to their dye coating, so it makes them suitable to use as packaging and parcel stickers. This implies that thermal papers have vast applications in inventory management, distribution management, and supply chain management. The thermal paper provides a clear print and have a lower cost of operation i.e. low maintenance cost and are known for their fast, quiet operation as required by the end-users like parking areas, bus tickets, entry passes etc. Thermal paper printed materials have good heat resistance i.e. the ability to withstand high temperatures, long durability and their ability to maintain good paper and printing quality even exposed to watery or oily surfaces.

Thermal papers have a short shelf life of about 3 years, after which the printing fades away significantly, rendering them useless as a proof or receipt. Thermal papers are sensitive to heat and tend to blacken the paper on the application of heat for a relatively long time. This might turn them unusable. The shift of population towards using the digital and electronic medium for shopping like e-commerce websites could be restraining the growth of thermal paper receipts in the future. Also, people are moving towards having e-receipts and contact-less payment systems like near field communication (NFC) and bank cards for most of their purchases which could be backed up on the cloud, giving them long shelf life and proof of purchase that could be retrieved on demand. In addition, the presence of Bisphenol A (BPA), a chemical which is an endocrine disruptor, upon consistent exposure to which for a long period might cause cancer. This might prove to be a deterring factor for the growth of thermal paper’s widespread acceptance and usage. Environmental concerns also might make people move from paper-based receipts to e-receipts and contact-less payment systems.

Thermal paper is extensively used as a throwaway receipt in the majority of the world. Adoption of cashless payment mechanisms like debit/credit card payments in developing economies like India has shown strong signs of growth in the usage of thermal paper payment receipts. Thermal paper has another innovative application in which payment receipts or parking tickets could be used in a creative way to have advertising messages, promotional offers, rebates, special coupons or logos printed on them so that people might get attracted to visit a specific store. Such type of advertising is cost effective and has a wide audience reach. Thermal papers also come in different variants where multicolour images could be printed providing more scope for advertising purposes. The world is witnessing an increasing number of holiday and gaming destinations like Singapore, Macau, Vietnam, Malaysia, Mauritius, Hong Kong, etc. These destinations attract the tourists as they have huge retail shopping malls, casinos and gaming parlours, where there is the tremendous usage of thermal papers. This trend implies that there will be a good potential for growth in these holiday and gaming destinations. Also, there is a growing demand for certification labels for laboratory specimens and cold storage materials and tagging of assets. So, this is expected to drive the growth of thermal paper even further. Moreover, global automobile and chemical giants are expected to promote the use of labels and tags in coming years, further driving the growth of thermal paper market

Automated Guided Vehicle Market - Drivers and Growth Analysis

Manufacturing and assembly processes require goods to be constantly moved from one location to another. To help the flow of goods, in pre-industrialized era humans had to do the laborious task of shifting materials every time. After the industrial revolution and adoption of assembly line in the early 1900’s, materials were moved with the help of a powered platform truck on a rail track. Later, as the demand for more efficient equipment was felt during WW1, a combination of horizontal cart and vertical lifting capabilities was used, which would also function as a portable elevator. Soon, followed the introduction of forklifts which proved to be a turning point in the development of material handling system. During the WW2, the world witnessed significant technological advancements and introduction of new developments for increased demand of more efficient operations which would reach high heights without misbalancing heavy loads. Later, automation paved way for more sophisticated and efficient material handling machines capable of doing a wide array of movements apart from horizontal and vertical movements using technologies like laser, etc. to give rise to Automated Guiding Vehicles (AGV).

An automated guided vehicle is a robot which traces input via laser or tape and produces output in the form of physical motion. They are widely used in industrial applications to move materials in a manufacturing facility without human guidance. Basically, they are used in places where high amount of repetitive work is involved and tasks which require negligible human interaction and decision making. They function as automated transport system in production, warehouse and logistic environments. Their movement is governed by computer software and sensor based guidance systems. There are several types of automated guided vehicles like wired automated guiding vehicle which uses radio signal transmission for steering and guidance, guide taped automated guiding vehicle which uses magnetic tape for steering and control, laser assisted target automated guiding vehicle which uses laser transmitter and receiver along with a reflector map stored in its memory, vision guidance automated guiding vehicle which uses specially designed stereo camera along with 360 degree images and 3-D maps of the pathways for precise navigation, geo-guidance automated guiding vehicle is more sophisticated as it recognizes its environment and navigates in a more versatile manner.

Automated guidance vehicles facilitate increased operational efficiency by introducing accountability of misplaced items, providing line balancing in multiple operations, minimizing labour costs, improved facility maintenance capabilities by having collision avoidance system, improved flexibility of operations and material handling, reduced operating cost by automating processes, provide increased safety and reliability, improved scalability in workload handling, on-time and scheduled delivery of materials and reduction in product damage, thereby reducing material handling costs. They are used in industrial applications involving handling of raw materials, work-in-process movement, finished goods movement, pallet handling, and trailer loading and unloading, roll handling, container handling, etc.

However, automated guidance vehicles have eliminated human jobs and this has caused gradual decline in employment opportunities in the industrial areas, across the world. There is a prediction going on in industries that automation will take up most of the human jobs and this has caused significant concerns. These concerns could be a restraining factor for the growth of automated guided vehicles. In addition to this, the upfront capital investment required by the industries to make a shift towards automation is also said to a restraining factor for its growth.

Automated guided vehicles are being widely used in many end-use industries like pharmaceuticals, chemical, manufacturing, automotive, paper & print, food & beverage, hospital, warehousing, e-commerce, etc. Companies have reported increased work capacity, reduced labour expenses and lower operator involvement by implementing automated guided systems in their production facilities. The world has witnessed a gradual rise in the use of automated machines in this decade and this trend is expected to continue in the near future. Now, automated guidance vehicles have improved diagnostic capabilities to help their operators have better monitoring of its performance. Recent technological advancements include real-time data analytics tools, which empower the operator to detect potential issues and predict future work processes with more precision. The shift of material handling and work processes from humans to semi-automated to fully automated with latest technological advances like Global Positioning System (GPS), in-built processing and storage functionalities and improved navigational capabilities within an environment like a warehouse, have made industrial tasks even simpler, cleaner and more efficient.

Improved work efficiency and the need for more automated processes in industrial applications is expected to drive the market of automated guiding systems.

Smart Transportation – Its Evolution and Way Ahead

Locomotion is the most basic form of movement from the pre-historic era. The ability to move from one location to another has always proved to be a blessing; be it hunting other animals or running for survival. Transport of goods and people on land was done using the strength of animals, after the invention of wheels. After the invention of steam engine, long distance transportation of material and people became possible, but there wasn’t any efficient solution for their movement for a short distance. Along with industrial revolution, clusters of the population started living together in small areas giving rise to a need for a transportation medium for this large population. Soon, with the adoption of the assembly line, manufacturing of automobiles became a feasible paving way for a faster, more efficient medium of transportation. Moving ahead a century, today’s modern world is saturated with automobiles. Automobile industry contributes from 6-12% of a developed nation’s Gross Domestic Product (GDP). Along with increasing number of vehicles on the roads, there arise some problems like rising number of road accidents, increased CO2 emissions from the vehicles, traffic congestion, etc. According to studies conducted, an average person in the U.S. spends about 42 hours every year stuck in traffic jam. This has led to the introduction of more sophisticated and smart technologies known as Intelligent Transportation System (ITS) or Smart Transportation.

The smart transportation system is a technologically advanced transportation system which aims to improve transportation infrastructure and the mechanism by implementing innovative services and systems to effectively tackle the problems of the traditional traffic management and transportation system. Smart transportation system relies on its key components: smart infrastructure, smart automobiles and intelligent transportation system. Smart infrastructure includes the use of latest communication systems like integrated traffic supervision and surveillance systems, Wi-Fi, 3G, 4G, radio frequency transmission, global positioning system (GPS), use of cloud-based services for better integration and analysis of real-time data, etc. Intelligent transportation system includes intelligent video management system traffic management systems which provides real-time data about traffic updates and effectively guides and navigates vehicles with a route of least traffic, ticket management systems by providing tickets when parking and guiding vehicles to vacant parking spots, parking & guidance systems to provide ease in parking and help people navigate with ease by giving them real-time available parking status, passenger information system which provides real-time transit and traffic information about timings, frequency, possible occupancy based on the time of the day, etc. And, smart automobiles makes the vehicles more automated and sophisticated by including features like route guidance systems, automatic stopping capabilities upon detection of a pedestrian at a certain distance to avoid a collision, applications involving Internet of Things (IoT) by optimizing navigational capabilities and establishing communication with other vehicles to better analyse and navigate accordingly. This application will enable vehicles and other transit mechanisms to connect, send, receive and store data with central traffic management systems, making use of analytical tools to further optimise the traffic management mechanism.
Smart Transportation Market
Smart transportation systems have enabled the commuters to make more informed traffic and route choices based on real-time data and live traffic update facilities. Pedestrians and commuters have witnessed a significant reduction in the number of accidents. This has led to a more safe, secure and organised urban environment. Smart transportation systems are said to be a sustainable solution from an environmental perspective with the use of more energy efficient fuels like biofuels, etc. along with the widespread use of hybrid and electric vehicles. They Smart transportation system has grown due to the rising demand of integrated security and enhanced public safety involved in the transportation activities. The problems faced by the public in traditional transportation systems are insufficient parking spaces, bad quality roads, traffic jams and congestions, poor air quality, poor traffic management, poor road safety, increased number of on-road fatalities, etc. have led the government to take steps in a direction where technologies like smart transportation could be incorporated with some advancements in the existing transportation infrastructure. Besides these factors, increasing penetration of mobile devices and broadband internet technology coupled with the high integration of cloud-based systems are said to be the major driving forces of the smart transportation market.

However, lack of awareness among the public about the need for improved technology for better, safer living environment, and high amount of capital investment required for successful implementation is said to be the restraining factors for the growth of smart transportation systems.

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