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The global automotive robotics market size was estimated at USD 4,349.9 million in 2016. Industrial robots are majorly consumed by the automotive industry and it had a market share of 38% in 2015.The top companies such as Japan's FANUC, Sweden's ABB, and Germany's KUKA are forming joint ventures and strategic alliances with Chinese companies to withstand the competition from competitors. Programs and initiatives such as “Industry 4.0” by the German government and “Made in China 2025” by the Chinese government will provide the necessary incentive to drive the demand for industrial robotics. Read More »
The global Medical Alert System/Personal Emergency Response System (PERS) market was valued at USD 6.7 billion in 2016 with a CAGR of 5.8%. Rise in geriatric population, improvement in healthcare infrastructure, and increasing preference for aging in place are some of the factors driving the market. According to a report titled “An Aging World” by the U.S. Department of Commerce, the world population stood at 7.3 billion in 2015, of which around 8.5% or 617.1 million people were aged 65 years and above. Read More »
The global smart water bottle market is projected to reach USD 48.7 thousand by 2025, according to a new report by Grand View Research, Inc. The increasing awareness for adequate wat... Read More »
The global wireless microphone market is estimated to reach USD 3.51 billion by 2025, growing at a CAGR of 5.9%, according to a new study by Grand View Research, Inc. Technological ... Read More »