Future Market Insights
The electro-optical system market is anticipated to grow at a CAGR of 4.5% for the next decade, reaching $18.8 billion by 2033.
The decentralized inverter market is expected to more than triple in growth over the next decade to more than $80 billion.
The edge AI market, fueled by strong demand, is expected to grow to almost $40 billion in value over the next decade.
The industrial access control market is expected to be valued at $10.3 billion by 2033, growing at a CAGR of 9.2%.
The induction motors market approaches $40.5 billion by 2023 as it is driven by investments in renewable energy projects.
The increased use of safety sensors is driving demand for the machine safety market, which is expected to double in the next decade.
The smart motors market is expected to generate $3.2 billion in sales by 2033 thanks to increased automation and IoT implementation.
The automotive MEMS sensor market is expected to have double-digit growth over the next decade with a value of $14 billion by 2033.
The market for multi-cloud optimization tools is expected to increase in value from $11 million in 2022 to $47 million by 2032.
A research report by Future Market Insights indicates the industrial robotics industry will have double-digit throughout the next decade.