APAC region is having the highest market share of $287.35 million in the year 2017 and is expected to grow with a CAGR of 55% during 2018 to 2023.
Urbanization in emerging economies has also led to an increase in commercial and office construction market which is driving the global slewing bearings market.
Image sensors segment has dominated the optical sensors market by collecting annual revenue of approximately $14billion in 2017 and is projected to grow at a CAGR of 9.70% throughout the forecast period.
Mini-load and Unit-load systems are the most preferred systems in the global Automated Storage and Retrieval Systems market contributing more than 50% in 2017 and are estimated to grow at a CAGR of 8.71% through the forecast period
Touch Based Human Machine Interface (HMI) Markets market is valued $3.30 billion in the year 2017 and is anticipated to grow with a CAGR 25.0% of from the year 2018 to 2023.
Machine safety market is estimated to cross 4,200 mn by 2020. APAC dominates the machine safety market and is expected to continue the same.
S-parameters provide broad understanding into the linear behavior of RF and microwave components.
The market was estimated to be $ 1925 million in 2017 and it is expected that it will reach to $ 2391 million by 2023. The growth rate for the forecast period is expected to be 3.7%.
The Solenoid Valves Market is estimated to grow at a CAGR of 3.8% during the forecast period 2018â€“2023 owing to the growing need for high-quality potable water.
The wireless sensor market is expected to reach the $1 bn mark by 2020. The USA dominates the development and use of WSN partly because of the heavier funding available there.