In the dynamic landscape of technological innovation, the intersection of artificial intelligence (AI) and biometric systems has emerged as a beacon of enhanced security and efficiency. The AI-enabled biometric market, valued at US$ 12.7 billion in 2022, is poised to skyrocket, projected to reach a staggering US$ 50.5 billion...
According to a recent analysis conducted by Fact.MR, a leading provider of market research and competitive intelligence, the global powered smart card market is anticipated to reach a value of US$ 14.5 billion by 2024, with a projected compound annual growth rate (CAGR) of 5.2% from 2024 to 2034.
Powered smart cards offer advanced functionalities and heightened...
The global electronic access control system value surpassed US$11bn in 2020 at a CAGR of 7.5% during the historical period of 2016 and 2020. The global electronic access control system market is expanding at a steady pace, exhibiting growth at 8.3% CAGR between 2021 and 2031. As per Fact.MR Analysis, the market is expected to reach valuation of US$21.2 bn by the...
The global predictive maintenance market is poised to reach a market value of US$ 45.5 Billion, with a projected Compound Annual Growth Rate (CAGR) of 21.9% from 2022 to 2032. This growth is primarily fueled by rapid digitization and increasing urbanization trends.
Technological advancements in machine-to-machine communication, artificial intelligence, and big data analytics have...
The global electrical steel market size was valued at US$ 25.9 billion in 2022 and expected to grow at a CAGR of 8.5% to reach US$ 55.1 billion by the end of 2032.
Electrical steel, also known as silicon steel or transformer steel, plays a crucial role in the generation,...
The global water leakage detector systems market is projected to rise at a CAGR of 5.8%, thereby increasing from its current valuation of US$ 4.7 billion to US$ 8.3 billion by the end of 2033. Water leaks cause millions of dollars in damage and waste around the world and...
The global self-contained breathing apparatus (SCBA) market size is US$ 1.1 billion in 2022 and is forecast to surpass a valuation of US$ 1.9 billion by the end of 2032, expanding a CAGR of 5.8%.
The Self-contained Breathing Apparatus (SCBA) market has witnessed significant growth in recent years, driven by stringent safety...
In the wake of global climate change concerns and the pressing need for sustainable energy sources, India has been taking significant strides towards a renewable energy future. Central to this transition is the rapid growth of solar energy, which has emerged as a frontrunner in the country's quest for...
The latest industry analysis by Fact.MR forecasts that the global market size for direct energy weapons (DEWs) will reach US$ 8.43 billion by 2024, with sales projected to grow at a significant CAGR of 18.6%, reaching US$ 46.4 billion by 2034.
Various countries are prioritizing direct energy weapons as part of their...
UrjaDaily: What is the story behind the establishment of Bluebird Solar, and what are its short-term and long-term goals?Bluebird Solar, founded by Akshay and Abhay Mittal, is a leading solar panel manufacturer in India. With a 40-year-old brand, Bluebird Stabilizers, the company offers a wide range of half-cut bi-facial...