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Global usage-based insurance market is projected to witness heavy gains in the forecast timespan owing to the steady uptake of UBI platforms across the insurance sector. Through these platforms, insurance companies aim to align insurance premiums and accurately track driving patterns with estimated risks.
Extensively driven by the outburst of passenger traffic and improvement in the global economy, air traffic management market trends are foreseeing major upgradations in the recent times
Rapidly increasing air traffic resulting from worldwide expansion of the aviation sector has propelled the aerospace floor panels market with key manufactures speeding up the production of commercial aircrafts
The automotive composites market share is segmented into injection, compression, RTM resin transfer molding, and others, depending on the manufacturing process. The others segment is slated to register a CAGR of more than 5% during the forecast period. This can be associated with growing implementation of composites in the structural elements of vehicles and the need for advanced and innovative manufacturing processes to meet the global automotive demand.
According to a research report by Global Market Insights, Inc., Autonomous Farm Equipment Market size will hit USD 180 billion by 2024. Global autonomous farm equipment market outlook is driven by growing utilization of tractors, harvesters and UAVs to obtain higher productivity. Implementation of autonomous devices helps to reduce the redundant labor intensive farm operations. The consistently lowering count of labor availability will further support the industry growth. Rising inclinations toward precision farming will stimulate the market trends over the forecast timeframe.
According to the report published by Global Market Insights Inc., the global styrenic block copolymer market touched 1.96 million tons in 2015 and is anticipated to be valued at USD 10.01 billion by 2023.
It has been estimated that global graphene market size will reach over US$400 million in revenues by 2026, with significant demand from energy, automotive, electronics and healthcare segments.