ReleaseWire Connect

The analysts forecast global rubber market to grow at a CAGR of 4.66% during the period 2017-2021. The latest trend gaining momentum in the market is Bio-based tires helping market growth. The tires used in automotive vehicles are going to be bio-based during the forecast period.

The analysis forecast global energy storage market for drones to grow at a CAGR of 11.56% during the period 2017-2021. One trend in the market is increasing strategic partnerships. A drone is a complex assortment of hardware, software, and mechanics meant to work together.

The analysts forecast global smart farming market to grow at a CAGR of 12.24% during the period 2017-2021. One trend in the market is big data in smart farming. Big data in smart farming is giving rise to a lot of opportunities in the agriculture industry. Improvement in wireless communication in the agricultural field is leading to growth in production level. Moreover, improvements in functional safety, and repair and maintenance of equipment in the field are giving rise to a crop production level.

The analysts forecast global radio frequency integrated circuit (RFIC) market to grow at a CAGR of 11.89% during the period 2017-2021. The latest trend gaining momentum in the market is Growing popularity of RF SOI. SOI technology uses a layered silicon–insulator–silicon substrate instead of conventional silicon substrates in semiconductor manufacturing. This helps improve the performance of microelectronics by reducing parasitic device capacitance.

The analysts forecast global public sector software market to grow at a CAGR of 13.28% during the period 2017-2021. The latest trend gaining momentum in the market is Demand for integrated software suites. One of the main trends observed in the global public sector software market is the increasing demand for integrated software suites. Since opting for different software suites can lead to integration issues, end-users prefer vendors that provide integrated and converged software suites.

The analysts forecast global pigments market to grow at a CAGR of 3.92% during the period 2017-2021. One trend in the market is growing prominence of sustainable paints. Paints and coatings consume large volumes of pigments. They are responsible for imparting color and finish along with protecting the surface from corrosion and harsh weather. Inorganic pigments are known to exhibit elastic properties and find use in applications that require metallic finishes.

The analysts forecast global automotive sensors market to grow at a CAGR of 7.08% during the period 2017-2021. One trend in the market is advances in sensor types and emerging sensor applications. The applications of imaging sensors will proliferate with the advances in the design of sensors.

The analysts forecast global aluminum foil market to grow at a CAGR of 5.22% during the period 2017-2021. The latest trend gaining momentum in the market is Increasing product innovations. Major vendors are competing with new product innovations to meet the global demand for aluminum foils.

The analysts forecast global beer packaging market to grow at a CAGR of 4.41% during the period 2017-2021. One trend in the market is development of Green Fiber Bottle for beer packaging. At the World Economic Forum in Switzerland, in January 2015, Carlsberg announced an agreement to develop the world's first biodegradable wood-fiber bottle for beer packaging. This is a three-year project with packaging company ecoXpac, and the Innovation Fund Denmark and the Technical University of Denmark.

The analysts forecast global automotive oxygen sensor market to grow at a CAGR of 2.46% during the period 2017-2021. The latest trend gaining momentum in the market is Titanium-based oxygen sensors to replace zirconium-based oxygen sensors. Titanium-based oxygen sensors are highly responsive than zirconium-based oxygen sensors.