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Industrial Ethernet Market in hardware segment is expected to hold a major share by 2024 owing to the extensive adoption of Ethernet switches, hubs, gateways, and connectors to enable industrial automation functions. The service segment in Industrial Ethernet market is projected to exhibit the fastest growth between 2017 and 2024 reporting a CAGR of around 27% owing to the need for effective installation, testing, and maintenance of the network infrastructure to ensure a long-term stability.

APAC Military Drone/UAV Market growth is attributed to the increasing demand for the drones from the developing economies including India and China. China accounts for more than 50% share in the Asia Pacific market, driven by the increasing investments by the Chinese government for the procurement of the drones. The government is focusing on enhancing the domestic production of drones to reduce the imports from the U.S.

The segmentation of the industrial robotics market by product indicates that collaborative robots are expected to have the highest growth rate over the forecast timeframe. These have a large work envelope and high usage as they allow employees to work alongside and are priced significantly lower as compared to its counterparts. Additionally, the adoption of the collaborative industrial robotics market decreases human idle time by 85% and substantially boosts the efficiency of the overall manufacturing process.

Rising investment toward upgradation of aging infrastructure to establish sustainable electrical network will boost the electric insulators market. Rising public and private investments to avail uninterrupted power supply will further enhance the business landscape. In 2017, the Asian Development Bank (ADB) declared an investment of USD 6.5 million toward the development of electrical infrastructure in Southeast Asia.

Commercial IP camera market is expected to gain momentum over the forecast time span owing to growing applications in industries, retail stores, and healthcare & educational institutions. Commercial buildings are becoming equipped with Wi-Fi networks, which makes it easier to install these devices for enhanced security. Penetration of technologies, such as cloud back-up and artificial intelligence, is expected to increase the adoption of network camera market across commercial applications.

Positive Displacement Blowers Market is forecast to exceed USD 3 billion. Tri-lobe blowers will be the booming segment in Positive Displacement Blowers Market over the forecast period.

Global Automated Immunoassay Analyzers Market size is set to exceed USD 25 billion by 2024; according to a new research study published by Global Market Insights, Inc.

Orthopedic Devices Market worth over $53bn by 2024

Global Vitamin Ingredients Market for Food & Personal Care Applications is set to surpass USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing demand for natural cosmetic products majorly among the millennial population may stimulate vitamin ingredients market for food & personal care applications. These skin care products have the potential to reduce wrinkles, dark spots, aging-induced cell damage and inflammation which may further boost industry growth.

U.S. structural steel market size from commercial application will witness significant gains of over 5%. Growing prefabricated buildings has led to increased consumption of product supported by regulations to reduce emissions and use of recycled material will contribute towards regional product demand.