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Upsurge of air traffic and the subsequent rise in demand for advanced aircrafts are the key drivers that will fuel the global aerospace avionics market over the forecast period

With respect to application, the aerospace and defense fluid conveyance systems market is segmented into airframe and engine

As per a research report by Global Market Insights, Inc., global kitchen appliances market is estimated to surpass $250 billion through 2023. Global market has emerged as one of the most lucrative verticals across the world. The industry is now projected to observe a substantial amount of growth in the coming years. Rising urbanization across throughout the world is likely to be a major factor augmenting market share through 2023. Rapidly shifting customer preference in the kitchen industry would also add up to the overall industry revenue.

As per reports by Global Market Insights, Inc, the global intelligent transportation system (ITS) market is anticipated to exceed $34 billion by 2025. Favorable government initiatives towards smart city development have bolstered the intelligent transportation system (ITS) market size, attributed to the riding demand for vehicles integrated with smart mobility solutions.

The household vacuum cleaners market is expected to accrue sizable gains on account of growing consumer awareness about hygiene & health. Consumers are gradually shifting towards these devices to meet their daily cleaning tasks like reducing harmful dirt particles from air or cleaning allergens. With increasing awareness about the benefits of AI and smart systems, consumers have also started to adopt robotic vacuums, as it helps users to regularly clean the space and minimizes manual efforts.

The global fuel cell electric vehicle market is anticipated to target an overall valuation of USD 11,600 million at the end of seven years in terms of revenue. The massively rising demand for zero-emission automobiles across several economies has served as a major boost to fuel cell vehicle market, the growth graph of which is likely to exhibit a marked ascent over 2019-2025. Moreover, it is pivotal to mention that the automobile OEMs are looking forward to augmenting the existing fuel cell technologies to bring about a revamping transformation in the market, thereby stimulating the industry outlook.

Data center UPS market share is expected to be around $5 billion by 2026. Surging number of data centers across the world and huge demand for instant power backup in data centers is creating growth avenues for data center UPS market. Rapid digitalization across various industry terrains is generating massive amounts of data, thereby fueling the establishment of new data centers, which, in turn, will induce the need to install more UPS.

LED technology in the automotive lighting market is expected to witness several growth opportunities over the forecast timeline. The penetration of LED technology from high-end to mid-range and low-range vehicles is one of the major factors contributing to the growth of the market. This is attributed to the declining costs of LEDs ensued by the optimization and the calibration of LED modules, which is compelling the car manufacturers to introduce LED lighting in economical cars as well. The benefits include more brightness and low power consumption. The use of LED lights is not limited to headlamp systems and are increasingly implemented in the interior and backlighting systems. For instance, cars, such as Nissan Alto and Honda Accord, are equipped with LED daytime running lights.

Global Market Insights, Inc. estimates worldwide ATM market to surpass a valuation of USD 16 billion by the end of 2024. The rising popularity of deposit automation technology among banking institutes to enhance customer service is one of the major factors fueling automated teller machine market trends.

The ADAS market in image sensors segment will augment the industry size owing to the development of computer vision analysis systems with effective object identification technologies. Increasing application of image sensors including auto high beam, night vision, blind spot detection, lane departure warning systems and surround view systems will support the industry size. Technological advancements targeted towards offering better sensitivity and image processing along with lower implementation cost will further propel the industry share.