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TechNavio's analysts forecast the Global High Performance Computing (HPC) market to grow at a CAGR of 8.78 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand to maintain the data explosion. The Global HPC market has also been witnessing the growing demand for HPCaaS. However, the high implementation cost of compute resources could pose a challenge to the growth of this market.

The baby food market caters to the readymade food requirements of babies and toddlers. The global food market was estimated to have revenue of $3.7 trillion in 2012 and baby food is expected to have a good share in the revenue. The key driver for the baby food market is the increase in number of working parents, especially mothers in urban centers across the globe. This leaves for little time for them to attend to their kids and they have to opt for readymade food. In the U.S. almost 40% mothers are sole or primary breadwinners for their families with children less than 18 years.

TechNavio’s analysts forecast the Global Smartphones market will grow at a CAGR of 15.3 percent over the period 2014-2018. One of the key factors contributing to this market growth is the declining ASP of smartphones. The Global Smartphones market has also been witnessing increasing demand for large-screen smartphones. However, the high production cost could pose a challenge to the growth of this market.

Electric motors convert electronic energy into mechanical energy for various applications. The global electric components and equipments market was projected to have market share of $103 billion in 2012 and is expected to grow at a CAGR of around 7% for the next five years. Electric motors are energy efficient and they address the growing demand of energy conservation, which is one of the key drivers for the growth of the electric motor market. Energy conservation would increase the demand for electric motors and it is one of the reasons why the companies keen to invest more in the market. Additionally, increased application of the technology in industrial machinery, motor vehicles and aerospace & transportation industry is expected to enhance the market growth further. Furthermore, with advances in technology, newer and better equipment are being manufactured. These newly developed equipment have a good replacement market for the old and out-dated electric motors. In the current global scenario, energy efficiency is driving a lot of attention and governments are also offering tax rebates and other facilities for use of energy efficient electric motors, which is another driver for the market growth.

The 3D scanning is a process in which three-dimensional attributes of an object are captured along with information such as colour and texture. The technology saves time, cost and efforts during the manufacturing process and improves the quality of output. The market is expected to grow at a substantial CAGR during the forecast period. The growth would be primarily driven due to technological advancements, benefits over 2D scanners, etc. However, high prices of 3D scanners limit the industrial adoption of the products. The market is expected to grow rapidly on the account of flourishing entertainment industry across the world, especially in Asian region. The developments in healthcare sector are also expected to contribute significantly to the adoption of 3D scanning technology.

Mobile wallet is a system that allows consumers to pay by phone during travel, from any location, anytime. The global mobile wallet market is expected to grow at a CAGR of 12.5% from 2012 to 2020. The key driver for the growth of the market is it to provide consumers with greater convenience for payment. It is estimated that more than 70% smartphone users are willing to adopt mobile payment modes and 15% have already completed the adoption.

Optical fiber is the technology which is used in long distance communication. Optical fiber cable uses electromagnetic waves to carry information from one place to another. These are flexible, transparent, and made up of high quality plastic or silica. In order to provide high speed communication, bandwidth, greater resistance and minimum maintenance, these fibers are being used in communication systems Due to various advantages, the market is expected to grow in future, that leads to a detailed study of the global optical fiber market. A detailed analysis of the market would provide a clear view of the global optical fiber market.

About Therapeutic Vaccines A therapeutic vaccine is a biological combination developed to improve immunity by inducing an attack against a diseased cell or tissue. This differs from prophylactic vaccines, which are administered to an individual with a disease in order to induce a defense mechanism. There are two approved cancer therapeutic vaccines on the market; Provenge and Oncophage. Additionally, a large number of therapeutic vaccines are under clinical development and are expected to be approved for use during the forecast period.

About Peripheral I.V. Catheters

AMOLED displays are developed using thin-film display technology in which organic compounds form the electro-luminescent material. An AMOLED display consists of an active matrix of OLED pixels that generate light on electrical stimulation. The OLED pixels are deposited onto a thin-film transistor that functions as a switch to control the current flowing to each pixel. AMOLED displays are widely used in smartphones, tablets, digital cameras, and other consumer electronic devices. One of the unique advantages of AMOLED displays is that they offer ultrahigh quality pictures while reducing power consumption. Moreover, they help reduce the weight of the device while adding to its aesthetic value.