Russia is the fastest growing market with a CAGR of 5.0% which is mainly attributed to the growing demand from oil and gas industry.
APAC is the fastest growing market with a CAGR of 6.6% from 2018 to 2024 which is mainly attributed to the growing demand for industrial robots.
The U.S. 3D Sensors market is estimated to reach $1,912.18m by 2023, growing at a CAGR of 33.5% during the forecast period 2018â€“2023.
The NIR Detectors/Sensors Market is estimated to surpass $239.59million by 2023 growing at an estimated rate of more than 9.8% during 2018 to 2023
The LED Lighting for Oil and Gas market is expected to reach $188.7m by 2023, growing at a steady rate of 3.4% during the forecast period owing to the long lifespan and durability of LED lighting in harsh environments.