Research Insight

Waterborne Coatings Companies - PPG Industries Inc. (US) and Sherwin-Williams (US) are Leading Players in the Waterborne Coatings Market

The waterborne coatings market is projected to reach USD 124.3 billion by 2027 and USD 140.7 billion by 2030, at a CAGR of 3.8% between 2022-2027 and 4.2% between 2028-2030. Asia Pacific accounts for a major share of the overall waterborne coatings market due to the increasing infrastructural development, technological advancement related to waterborne coatings, and rising consumer awareness regarding the benefits of using waterborne coatings.

• Published: January 2023

Top Companies in Train Dispatching Industry - Hitachi Rail Ltd. (Italy), Siemens AG (Germany), Motorola Solutions Inc. (US), Alstom SA (France), and Wabtec Corporation (US) are the Leading Players

The global train dispatching market is projected to grow from USD 942 million in 2022 to USD 1,391 million by 2027, registering a CAGR of 8.1%. train dispatching has evolved as an efficient means of managing dispatch units and reporting & analysis. The train dispatching market is witnessing demand from verticals worldwide due to the increasing need for public safety and the evolution of communication technology and connected devices. To gain a competitive advantage in the train dispatching market, organizations emphasize upgrading and enhancing their offerings to explore the mature market and the potential opportunities in new avenues. Most train dispatching systems can incorporate information from the following systems: records management system (RMS), general information sheet (GIS), automatic vehicle locator (AVL), and caller ID. RMS provides data relevant to the current service call. GIS provides geographical and geospatial data. AVL pinpoints the location of response vehicles, allowing the train dispatching system to help determine the most suitable unit for a response.

• Published: January 2023

Market Leaders: Hunter Industries, Inc. Updated the He and Heb Family of Point-Source Emitters with new Colors That Blend Seamlessly into the Surrounding Environment in Drippers Market

The global drippers market size is estimated to be valued at USD 288 million in 2022 and is projected to reach USD 469 million by 2027, recording a CAGR of 10.2% during the forecast period in terms of value. Obtaining the minimum discharge with the largest possible water route is the key goal when designing a dripper. To prevent clogging and give the least amount of discharge for the most affordable setup, a broad water path is necessary. Hence, the requirement for an emitter (a hole in a pipe is not a dripper). Inline or online emitters are the terms used to describe emitters that are either on the lateral or inside the lateral.

• Published: January 2023

Taconic (US) and Saint Gobain Performance Plastics (France) are Leading Players in the PTFE Fabric Market

The global PTFE fabric market size is projected to grow from USD 0.9 billion in 2022 to USD 1.1 billion by 2027, at a CAGR of 5.7% between 2022 and 2027. High demand in the automotive industry, increasing consumption of composite fabrics for industrial applications, and rising use in the architectural part of construction projects are driving the market for PTFE fabric.

• Published: January 2023

Top Companies in Self-healing Networks Industry - Fortra (US), IBM (US), CommScope (US) | MarketsandMarkets

The self-healing networks market size to grow from USD 0.6 billion in 2022 to USD 2.4 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 33.3% during the forecast period. The self-healing networks market is expected to grow at a significant rate during the forecast period. Some factors driving the growth of the self-healing networks market are the rising need to control and manage network traffic, increasing adoption of automation technologies such as AI and ML integrated with self-healing, and surge in human error rates in manual systems causing network downtime.

• Published: January 2023

Self-healing Networks Market Size & Share: Growth Factors

At a Compound Annual Growth Rate (CAGR) of 33.3% over the course of the forecast period, the self-healing networks market is expected to rise from USD 0.6 billion in 2022 to USD 2.4 billion by 2027. During the projected period, the self-healing networks market is anticipated to rise at a significant rate. A few of the drivers propelling the market for self-healing networks include the growing demand for network traffic control and management, the growing use of automation technologies like AI and ML combined with self-healing, and the rise in human error rates in manual systems that result in network outages.

• Published: January 2023

Automotive Hypervisor Companies - Panasonic (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Blackberry (Canada) and Visteon Corporation (US) are the Leading Players

The automotive hypervisor market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022.

• Published: January 2023

Emerging Trends in Self-healing Networks Market: Recent Development

Over the course of the forecast period, the self-healing networks market is expected to develop at a Compound Annual Growth Rate (CAGR) of 33.3%, from USD 0.6 billion in 2022 to USD 2.4 billion by 2027. Over the course of the forecast period, a notable growth rate is anticipated in the self-healing networks market. The need to regulate and control network traffic, the growing use of automation technologies like AI and ML combined with self-healing, and the rise in human error rates in manual systems leading to network outages are some of the reasons propelling the growth of the market for self-healing networks.

• Published: January 2023

GE Healthcare (US), Siemens Healthineers (Germany) are Leading Players in the Fetal Monitoring Market

The global fetal monitoring market is projected to reach USD 5.2 billion by 2027 from USD 3.7 billion in 2022, at a CAGR of 7.3% during the forecast period. Growth in this market is mainly driven by the rising prevalence of preterm births, favorable government policies, and active product launches by key players in the market.

• Published: January 2023

Companies in Over the top (OTT) industry - Netflix (US) and Amazon (US)

The global Over-The-Top (OTT) Market size is expected to grow from USD 202.5 billion in 2022 to USD 434.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period.

OTT services are used to deliver audio, video, rich media, and other media content over the internet without the involvement of any traditionally laid cable or broadcasting players. OTT services are predominantly delivered over the end user’s handheld devices, such as smartphones, tablets, and laptops, through a wireless connection over the internet. OTT services are further being spread over other communication modes, such as audio and video. The major factors driving the growth of the OTT services market include rise in the demand of OTT services during lockdown, internet proliferation with penetration of smart devices along with flexibility and ease-of-use to offer seamless customer experience.

• Published: January 2023

Remote Weapon Station Companies - Kongsberg Gruppen (Norway), and Raytheon Technologies Corporation (US) are the Key Players

The remote weapon station market is expected to grow from an estimated USD 6.6 billion in 2022 to USD 7.5 billion by 2027, at a CAGR of 2.8% during the forecast period.

Major Remote Weapon Station Companies Include:

• Kongsberg (Norway)
• Raytheon Technologies Corporation (US)
• Thales Group (France)
• Elbit Systems (Israel)
• Leonardo S.p.A. (Italy)

• Published: January 2023

Aqueous-based Metal Cleaners Companies - BASF SE (Germany), Dow Inc. (US) are Leading Players in the Aqueous-based Metal Cleaners Market

Aqueous-based metal cleaners are used to remove dirt, oil, grease, stains, corrosion oxides, rust particulates, scale, and stencil marks. The global demand for aqueous-based metal cleaners is estimated at USD 11.2 billion in 2022 and is expected to reach USD 14.6 billion by 2027 with a CAGR of 5.4%. The market is largely fueled by increasing applications, technological advancements, and growing demand in developing countries in Asia Pacific, such as China and India, due to the growing manufacturing sector

• Published: January 2023

Industrial Ethernet Companies - Cisco Systems (US) and Siemens (Germany) are the Key Players

The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, registering a CAGR of 7.5% during the forecast period. Growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing countries to promote adoption of industrial automation, and growing popularity of smart automobiles are contributing to the growth of the industrial ethernet market. Rising adoption of 5G to act as a growth opportunity for the market players.

• Published: January 2023

Gunshot Detection Systems Companies - SoundThinking Inc. (Previously Shot spotter, Inc.), (US) and Shooter Detection Systems LLC (US) are the Key Players

The Gunshot Detection Systems market size is projected to grow from USD 824 million in 2022 to USD 1,443 million by 2027, at a CAGR of 11.8% from 2022 to 2027. The growing incidents of shooting at schools, colleges, and hospitals are likely to boost the growth of the Gunshot Detection Systems market. Apart from that, law enforcement agencies, particularly in the North American region, are increasingly using these technologies.

• Published: January 2023

Degaussing System Companies - Wartsila (Finland) and Ultra Electronics Holdings plc (UK) are the Key Players

The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027.

• Published: January 2023

Ethernet Connector and Transformer Companies - TDK Corporation (Japan), Eaton Corporation (Ireland) and TE Connectivity (Switzerland) are the Leading Manufacturers

The global Ethernet connector & transformers market is estimated to be valued at USD 940 million in 2023 and is expected to reach USD 1,294 million by 2028, at a CAGR of 6.6% from 2023 to 2028. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for Ethernet connectors & transformers from different end-user industries and expand their global footprint by offering their products in all the major regions.

• Published: January 2023

Top Food Blenders and Mixers Companies: GEA Group (Germany), Tetra Laval (Switzerland), SPX Flow (US), Alfa Laval (Sweden), and Marel (Iceland)

The food blenders and mixers market is estimated at USD 8.0 billion in 2022. It is projected to grow at a CAGR of 6.0% to reach USD 10.8 billion by 2027. Blending and mixing ingredients is a critical step in producing a food product. As a necessary component of the food industry, food blenders and mixers will always be in demand. Thus, companies offer high-efficiency blending/mixing technology to ensure shorter run times and higher mixing efficiency. These factors are expected to boost the market for food blenders and mixers.

• Published: January 2023

5G Fixed Wireless Access Companies - Nokia (Finland) and Samsung Electronics (South Korea) are the Key Players

The global 5G FWA market is expected to be valued at USD 29.4 billion in 2023 and is projected to reach USD 153.0 billion by 2028; it is expected to grow at a CAGR of 39.0% from 2023 to 2028. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for 5G FWA from different end-user industries and expand their global footprint by offering products in all the major regions.

• Published: January 2023

Facade Systems Companies - AGC Inc. (Japan), Saint Gobain (France) and Kingspan Group plc (Ireland) are Leading Players in the Facade Systems Market

The market for facade systems is approximated to be USD 316.0 billion in 2022, and it is projected to reach USD 469.0 billion by 2027 at a CAGR of 8.2%.

• Published: January 2023

Market Leaders: UPL and FMC SE are Focusing on Partnerships, Acquisitions, and new Product Launches to Strengthen their Market Position in Humic-based Biostimulants Market

The global market for humic-based biostimulants is estimated at USD 686 million in 2022; it is projected to grow at a CAGR of 11.5% to reach USD 1,184 million by 2027. Humic-based biostimulants encompass active ingredients, including humic acids, fulvic acids, and potassium humate. These active ingredients are considered complementary to crop nutrition and crop protection products; hence, there is a growing need for humic-based biostimulants from growers worldwide. Furthermore, there is an increased demand for sustainably produced food, with a lesser concentration of synthetic chemicals and a higher concentration of biologicals. Hence, humic-based biostimulants are helping to address this issue sustainably by providing protection against stress and stimulating plant growth.

• Published: January 2023

Market Leader - Metal Cleaning Chemicals Market

The global metal cleaning chemicals market will grow to  USD 18.2 billion by 2027, at a CAGR of 5.1% from USD 14.1 billion in 2022. Metal cleaning chemicals market is mainly driven by the growing preference for aqueous-based metal cleaning, need for metal precision cleaning, and rising need for industrial cleaning & maintenance are the major factors driving the metal cleaning chemicals market. The major restraints of this market are the toxicity and health issues caused by a few of these chemicals and the impact of these chemicals on the environment.

• Published: January 2023

Top Vitamin & Mineral Premixes Companies: DSM (Netherlands), Corbion (Netherlands), Glanbia Plc (Ireland), and Vitablend Nederland BV (Netherlands)

The vitamin & mineral premixes market is estimated to be valued at USD 7.2 billion in 2022. It is projected to reach USD 9.8 billion by 2027 at a CAGR of 6.4%, in terms of value, during the forecast period. The growth of this market is attributed to the growing demand for fortified food & beverage products, the rise in consumption of compound feed, the growing need for food enrichment due to high processing levels of food products, and customized nature & specificity to individual customer requirements.

• Published: January 2023

Abbott (US) and F. Hoffmann-La Roche AG are Leading Players in the APAC In Situ Hybridization Market

The Asia Pacific in situ hybridization market is projected to reach USD 744 million by 2027 from USD 363 million in 2022, at a CAGR of 15.4% during the forecast period. The growth is largely driven by increasing government and private funding in life sciences and cancer research, the increasing number of reagent rental agreements, and the application of innovative technologies and methodologies in the fields of tissue and in vitro diagnostics.

• Published: January 2023

Rigid Plastic Packaging Companies - Amcor Plc(Switzerland) and ALPLA(Austria) are Leading Players in the Rigid Plastic Packaging Market

The global Rigid plastic packaging market is projected to grow from USD 207.8 billion in 2022 to USD 262.5 billion by 2027, at a CAGR of 4.7%  between 2022 and 2027. The market is expected to witness significant growth due to its multiple applications in end-use industries such as beverage, food, and healthcare. Additionally, the global rigid plastic packaging market is driven by factors such as strong demand in major APAC markets (mainly India and China) and increasing demand from food & beverage packaging industries.

• Published: January 2023

Top Companies in Nuclear Power Plant Equipment Industry - General Electric (US) and Westinghouse Electric Company (US)

The Nuclear power plant equipment market is expected to grow from an estimated in USD 15.7 billion in 2022 to USD 18.6 billion by 2027, at a CAGR of 3.5%. The market for nuclear power plants and related equipment is divided into three categories: equipment, region, and reactor type. Reactor type, equipment type, and geographic location are used to segment the market for nuclear power plants and related equipment. The increasing demand for efficient and clean energy production is driving the demand for nuclear power plant equipment. The market has expanded as a result of technological developments in nuclear power machinery. However, the market expansion has been constrained by the challenges associated with managing nuclear waste, which includes radioactive waste. Future market expansion is anticipated to be profitable as a result of Asia-Pacific nations' growing reliance on nuclear energy.

• Published: January 2023

Supply Chain Security Market: Emerging Trends & Growth Forecast

According to MarketsandMarkets, the global supply chain security market will increase from an expected USD 2.0 billion in 2022 to USD 3.5 billion by 2027, with a compound yearly growth rate (CAGR) of 11.0%. The increased demand for real-time insight into supply chain assets, as well as an increase in cyberattacks across supply chains, are projected to drive market expansion.

• Published: January 2023

NanoString Technologies, Inc. (US) and 10X Genomics (US) are Leading Players in the APAC Spatial Genomics & Transcriptomics Market

The Asia Pacific Spatial Genomics and Transcriptomics Market is projected to reach USD 152 million by 2027 from USD 64 million in 2022, at a CAGR of 18.9% during the forecast period. The key factors driving the growth of the spatial genomics and transcriptomics market in the Asia Pacific are the reduced cost of next-generation sequencing (NGS) and the increasing adoption of spatial genomics & transcriptomics in drug discovery & development. However, the high capital investments associated with spatial genomics and transcriptomics are expected to restrain market growth to a certain extent.

• Published: January 2023

Top Private LTE Companies - Huawei (China), Ericsson (Sweden), NEC(Japan) | MarketsandMarkets

The global private LTE market size is projected to grow from USD 5.0 billion in 2022 to USD 8.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The growing demand in industrial and commercial IoT and mobile robotics and ML are expected to shape the future of the private LTE market.

• Published: January 2023

Emerging Trends in Product Engineering Services Market and Growth & Innovation

Over the course of the projection period, the global market for product engineering services is predicted to rise at a compound annual growth rate (CAGR) of 7.4%, from USD 1056.2 billion in 2022 to USD 1510.0 billion by 2027.

• Published: January 2023

Size and Share : Global Product Engineering Services Market

MarketsandMarkets projects that the size of the global market for product engineering services will increase at a compound annual growth rate (CAGR) of 7.4% from USD 1056.2 billion in 2022 to USD 1510.0 billion by 2027.

• Published: January 2023

Leading Companies in Trade Management Industry - Oracle (US), Infor (US) Thomson Reuters (US), Bolero International (UK) and Global Custom Compliance (China)

MarketsandMarkets forecasts the global trade management market size is expected to grow USD 0.9 billion in 2022 to USD 1.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period.

• Published: January 2023

List of Companies in Multiexperience Development Platforms Industry - Salesforce (US) and Outsystems (US)

As per MarketsandMarkets forecasts, the global Multiexperience Development Platforms Market is projected to grow from USD 2.7 billion in 2022 to USD 7.2 billion by 2027 at a compound annual growth rate (CAGR) of 21.8% during the forecast period.

The major factors driving the market's growth include the elimination of gaps in the required technical skills and increasing demand for chatbots, AI, AR, VR, and machine learning.

• Published: January 2023

Emerging Trends in Trade Management: Automation, Blockchain, Predictive Analytics & More

MarketsandMarkets projects that the size of the global trade management market will increase at a Compound Annual Growth Rate (CAGR) of 6.4% over the course of the forecast period, from USD 0.9 billion in 2022 to USD 1.3 billion by 2027.

• Published: January 2023

Trade Management Market Size and Share - Growth & Key Players

According to MarketsandMarkets' prediction, the size of the worldwide trade management market is predicted to increase at a compound annual growth rate (CAGR) of 6.4% from USD 0.9 billion in 2022 to USD 1.3 billion by 2027.

• Published: January 2023

Hewlett Packard Enterprise (US), Wipro (India) and Capgemini (France) are leading players in North America IT Services Market

The North America IT services market size is expected to grow from USD 500.0 billion in 2022 to USD 700.6 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. IT services are the application of business and technical skills to support businesses in developing, managing, and accessing information and business processes. It permits a user or line to utilize IT as a managed service. Users may only use and pay for the services they require.

• Published: January 2023

North America IT Services Market: Emerging Trends & Growth Forecast

Over the course of the projection period, the size of the North America IT services market is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 7.0%, from USD 500.0 billion in 2022 to USD 700.6 billion by 2027.

• Published: January 2023

Top Companies List of Communication Platform as a Service Industry - Twilio (US), Sinch (Sweden), Vonage (US) | MarketsandMarkets

The global CPaaS market size is estimated to be valued at USD 12.5 billion in 2022 and is projected to reach USD 45.3 billion by 2027 during the forecast period, growing at a CAGR of 29.4%. The demand for improved customer service and client engagement is one of the key factors driving the market growth.

• Published: January 2023

North America IT Services Market Size, Share, Growth Drivers & Key Players

At a Compound Annual Growth Rate (CAGR) of 7.0% over the course of the forecast period, the size of the North America IT Services Market is anticipated to increase from USD 500.0 billion in 2022 to USD 700.6 billion by 2027.

• Published: January 2023

Rising Demand for Innovative Solutions Drives Growth in Incident and Emergency Management Market

According to MarketsandMarkets, the global incident and emergency management market will increase from USD 121.4 billion in 2022 to USD 163.6 billion by 2027, with a cumulative annual growth rate (CAGR) of 6.2%. Government activities and laws related to incident and emergency management are projected to drive market expansion.

• Published: January 2023

Communication Platform as a Service (CPaaS) Market Surges with AI, Omnichannel & Security at the Forefront

The global CPaaS market is expected to be worth USD 12.5 billion in 2022 and rise to USD 45.3 billion by 2027, increasing at a CAGR of 29.4%. One of the primary drivers of market expansion is the requirement for better customer service and client interaction.

• Published: January 2023

Incident & Emergency Management Market Booming: Growth Drivers & Key Players

According to MarketsandMarkets, the global incident and emergency management market will increase from USD 121.4 billion in 2022 to USD 163.6 billion in 2027, with a compound yearly growth rate (CAGR) of 6.2%. Government initiatives and regulations for incident and emergency management are projected to drive market expansion.

• Published: January 2023

Communication Platform as a Service (CPaaS) Market Booms: 9 Drivers Fueling the Future of Business Communication

The global CPaaS market is expected to be worth USD 12.5 billion in 2022 and USD 45.3 billion by 2027, with a CAGR of 29.4%. One of the primary drivers of market expansion is the requirement for better customer service and client interaction.

• Published: January 2023

Market Leaders: BASF SE Launched an Agricultural Inoculant, new Nodulaid, Specifically Designed for Australian Farmers to Support Livestock Grazing in Inoculants Market

The global inoculants market size is estimated to be valued at USD 1.1 Billion in 2022. It is anticipated to reach USD 1.7 Billion by 2027, recording a CAGR of 8.1% in value. . The need to reduce pollution from agricultural waste has led to an increase in the use of composting methods of farming. The application of agricultural inoculants in farming is considered one such improved composting method of farming; hence, the use of agricultural inoculants has increased. Furthermore, the demand for agricultural inoculants in developed economies is increasing due to growing demand of organic inputs used for improving farm yield.

• Published: January 2023

Thermal Management Companies - Henkel (Germany) and Honeywell International Inc. (US) are the Key Players

The global thermal management market was valued at USD 10.7 billion in 2022 and is projected to reach USD 19.3 billion by 2028, registering a CAGR of 9.7% from 2023 to 2028. The rise in demand for thermal management is attributed to the increasing need for advanced heat dissipation solutions.

• Published: December 2022

The key development strategies, namely new product launch/new product development, acquisition, collaboration, and agreement, are adopted by leading players for boosting the Carbon Fiber Tape Market

The global carbon fiber tape market size is expected to reach USD 4.4 billion by 2027, at a compound annual growth rate (CAGR) of 13.0% during the forecast period. Carbon fiber tape is flat material made by carbon fiber and for a given strength it weighs about one-seventh of the steel. Carbon fiber tape is used for sleeve winding, lap joining, repairs of cracks and selective reinforcement of carbon fiber fabrication in a variety of end-use industries, including aerospace & defense, marine, pipe & tank, construction & infrastructure, and sporting goods. Increasing demand from these end-use industries is driving the market.

• Published: December 2022

Underwater Acoustic Communication Companies - Teledyne Technologies Incorporated (US) and L3Harris (US) are the Key Players

Underwater acoustic communication market size is valued at USD 2.1 billion in 2023 and is anticipated to be USD 3.5 billion by 2028; growing at a CAGR of 11.0% from 2023 to 2028. Factors such growing demand for environmental monitoring and seafloor mapping are driving the growth of the market during the forecast period.

• Published: December 2022

Market Leader - Motor Lamination Market

The motor lamination market, by value, is projected to grow to USD 27.6 billion by 2027 from USD 21.9 billion in 2022, at a CAGR of 4.7% from 2022 to 2027. The base year for the report is 2021 and the forecast period is from 2022 to 2027. Motor laminations market is primarily driven by the rising demand for luxury vehicles with more performance and comfort. Along with this, increasing stringent pollution norms is also adding substantially to the use of performance application motor types during the forecast period.

• Published: December 2022

Smart Airports Companies - Siemens AG (Germany), IBM (US) and Cisco System Inc. (US) are the Key Players

The Smart Airports market size is projected to grow from USD 7.0 Billion in 2022 to USD 8.3 Billion by 2027, at a CAGR of 3.5% from 2022 to 2027. The increased usage of self-service technology, as well as the growing need for real-time information, are projected to fuel the expansion of the smart airports market.

• Published: December 2022

Henkel AG & Co. KGaA (Germany), Sika Group (Switzerland) are Leading Players in the Epoxy Adhesives Market

The global epoxy adhesives market is projected to grow from USD 9.2 billion in 2022 and is projected to reach USD 11.7 billion by 2027, at a CAGR of 5.0%, between 2022 and 2027 period. The growth opportunities in the epoxy adhesives market are increasing due to growing high-performance requirements, such as bonding dissimilar materials and substitution of synthetic substrates for traditional material.

• Published: December 2022

Precision Planting Companies - Deere & Company (US) and Trimble Inc. (US) are the Key Players

The global precision planting market size is estimated to be USD 5.0 billion in 2022 and is projected to reach USD 8.2 billion by 2027, at a CAGR of 10.3% during the forecast period. Substantial cost-savings associated with precision planting and seeding equipment, surge in the adoption of advanced technologies in precision agriculture to reduce labor cost, and increasing promotion of precision planting techniques by governments worldwide. Moreover, climate change and need to meet rising demand for food, and focus on integration of geo-mapping and sensor data with planting equipment will drive the growth of the industry in the near future.

• Published: December 2022