ReleaseWire Connect

According to a new market report published by Lucintel, the future of the switchgear market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The global switchgear market is expected to reach an estimated $110.7 billion by 2023 and is forecast to grow at a CAGR of 4.7% from 2018 to 2023. The major growth drivers for this market are increasing demand for electricity, growing implementation of smart grid technology, and continuing investment in upgrading transmission and distribution systems.

According to a new market report published by Lucintel, the future of the global airport service industry looks promising with opportunities in the hospitality event, cargo handling, and aircraft handling services. The global airport service industry is expected to reach an estimated $211.5 billion by 2023 and it is forecast to grow at a CAGR of 4.2% from 2018 to 2023. The major growth drivers for this market are rising air passenger traffic, opening of new airports, and expansion of new domestic and regional routes in the aviation market.

According to a new market report published by Lucintel, the future of the smart card integrated circuit (IC) market looks attractive with opportunities in telecommunication, payment and banking, transportation, e-government, and others. The global smart card IC market is expected to reach an estimated $4.3 billion by 2023 with a CAGR of 4.0% from 2018 to 2023. The major drivers for the growth of this market are increasing usage of Subscriber Identification Module (SIM) cards for mobile phones, growing adoption of electronic identification cards for various e-governance projects, and increasing usage of smart cards in payment and banking industries.

According to a new market report published by Lucintel, the future of the global stretcher market looks promising with opportunities in hospital, clinic and ambulance facilities. The global stretcher market is expected to reach an estimated $2 billion by 2023 and is forecast to grow at a CAGR of 5.9% from 2018 to 2023. The major growth drivers for this market are increasing number of hospitals and ambulance facilities, increasing number of patients with disabilities, accidents, chronic diseases, and the growing geriatric population.

Trends, opportunities and forecast for titanium in the global aerospace market to 2023 by aircraft type (commercial aircraft, military aircraft, helicopter, general aviation, and regional aircraft), by application (structure, engine, and others), by alloy type (alpha, alpha+beta, and beta) and by region (North America, Europe, Asia Pacific, and the Rest of the World)

According to a new market report published by Lucintel, the future of the pultrusion industry looks good with opportunities in the transportation, infrastructure, consumer goods, and construction industries. The global pultrusion market is expected to reach an estimated $3.0 billion by 2023 and it is forecast to grow at a CAGR of 4.1% from 2018 to 2023. The major growth drivers for this market are increasing demand for lightweight, corrosion resistant, and durable products for various end use industries.

According to a new market report published by Lucintel, the future of the composite materials in the global defense industry looks good with opportunities in military aircraft, naval systems, land vehicle, body armor, arms & ammunition, and military hard wall shelter. The composite materials market in the global defense industry is expected to reach an estimated $670 million by 2023 and is forecast to grow at a CAGR of 1.8% from 2018 to 2023. Some of the applications of composites in the defense industry are helicopter rotor blade, ballistic protection plates, control surface, radome, doors, and fuselage. The major growth drivers for this market are increasing use of lightweight and high-performance materials in defense programs and growing need for lightweight materials in ballistic protection solutions.

According to a new market report published by Lucintel, the future of the release liner market looks attractive with opportunities in the pressure sensitive label stock, tapes, industrial hygiene, graphic art, medical, envelopes and packaging, and others applications. The global release liner market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 5.2% from 2018 to 2023. The major growth drivers for this market are increasing demand for release liners from graphic arts, medical, and packaging industries.

According to a new market report published by Lucintel, the future of the global marine port and service market looks promising with opportunities in container handling services, ship repair and maintenance services, navigation services, supply chain and logistics solution services and mechanical and electrical engineering services. The global marine port and service market is expected to reach an estimated $87.8 billion by 2023 and it is forecast to grow at a CAGR of 4.2% from 2018 to 2023. The major drivers of growth for this market are high growth of the marine transportation industry, surging demand of containerized and bulk cargo, rising customer demand and expansion of new regional trade hubs.

According to a new market report published by Lucintel, the future of the thermoplastic unidirectional tape market looks attractive with opportunities in the aerospace & defense, transportation, sporting goods, industrial, and other industries. The thermoplastic unidirectional tape market is expected to grow at a CAGR of 8.9% from 2018 to 2023. The major growth driver for this market is increasing use of thermoplastic composites because it offers recyclability and processing benefits, such as ability to remold, shorter cycle time, and no emission of volatile matter.