Market Analysis

  Medical Device Testing Market : By Service Type (Testing Service, Certification Service, and Testing Service), By Sourcing Type (Outsourced, and In-House), By Technology (Active Medical Device, Vascular Medical Device, Non-Active Medical Device, Orthopedic Medical Device, In-Vitro Diagnostic Medical Device, and Others) , and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)  The medical device testing market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The study of the report will outlook one of the most exhaustive analysis of the market, capturing all the aspects of the medical device testing market. ...

  According to the Market Statsville Group, the  global  e-sim market  size is expected to grow from  USD 702.2 million in 2021  to  USD 6673.8 million by 2030 , at a CAGR of 32.5 %  from 2022 to 2030 .  Embedded Subscriber Identity Module (eSIM) or Embedded Universal Integrated Circuit Card (eUICC) is a reprogrammable chip that can be soldered or removed. It's a small chip that the user uses to verify their identity with their carrier. In terms of functionality, eSIM is very clever. It allows users to switch between different mobile network operators (MNOs) and manages accounts by updating the user's mobile phone software settings. The ability to download an operator profile to an in-market SIM and change or delete subscriber identity module (SIM) profiles without having physical access to the SIM card is known as remote provisioning. Machine-to-machine (M2M) connections, including seamless and straightforward mobile connections for all conn...

  Description The  global  OLED microdisplay market  size was valued at  USD 123.9 million in 2020 , and it is expected to reach  USD 537.0 million by 2027 , registering a CAGR of 27.6% during the period. The display industry has advanced from the substantial cathode ray tube (CRT) to the organic light-emitting diode (OLED), owing to the different display needs of various industries. Advancements in computer sizes range from mainframes to palmtops, and now to a display frame that is less than an inch, diagonally. These frames are generating the need for microdisplay technologies. The growing marketplace for wearable devices also augments the demand for small and lightweight displays. OLED microdisplays offer a compact size with high pixel density. The market is witnessing growth, owing to the increased use of microdisplays in devices, such as smartphones, television, etc. Also, low entry barriers and growing revenue avenues are the prominent attributes of t...

  Description According to the Market Statsville Group (MSG), the  global  hydraulic pump market  size is expected to grow from  USD 8,465.9 million in 2021  to  USD 13,190.4 million by 2030 , at a  CAGR of 4.7 %  during the study period  2022 to 2030 .  The need for hydraulic pumps is driven by the increased construction activities worldwide, rising automobile sales, and increased use in the mining industry. Furthermore, government regulations focus toward the reduction of CO2 emissions and increase public awareness regarding energy conservation. Such factors are expected to provide growth opportunities in the hydraulic pump market during the forecast period. Further, the growing investment in R&D by major players coupled with advancing technologies will create lucrative opportunities for the market's growth over the forecasting period. Global Hydraulic Pump Market Definition Hydraulic pumps  form a mechanical power source...

  Description According to the Market Statsville Group (MSG), the  global  smart sound and gateway market  size is expected to grow from  USD 438.4 million in 2021  to  USD 4,397.7 million by 2030 , at a  CAGR of 29.2 %  from 2022 to 2030 .  A smart speaker is a wireless device offering smart audio playback using several types of connectivity for additional functions. The study focuses on smart speakers with both display and non-display offerings. The devices that operate with a virtual assistant are considered under the scope of the study, and the devices that offer multiple virtual voice assistant support are considered under 'Multiple Virtual Assistant Support Speakers’. Due to high-speed internet and increased access to smartphones the global demand for smart speakers is increasing at an exponential rate. In English-speaking nations, such as the UK and the US, demand for smart speakers with virtual voice assistants was significantly ...

  Description According to the Market Statsville Group (MSG), the  global  power semiconductor market  size was valued at  USD 19.3 billion in 2021 . It is expected to reach  USD 25.3 billion by 2030 , registering a  CAGR of 4.8%  from 2022 to 2030. Power semiconductors perform similar tasks as regular semiconductor devices. These high-performance components can handle extreme voltages, high electrical currents, and frequencies up to several gigawatts. Like all semiconductor devices, power semiconductors are used to rectify and amplify electrical signals or turn the flow of electricity on and off. These are typically used for industrial applications and the long-distance transmission and distribution of electricity. The developments by the manufacturers are expected to boost market growth. For instance, in April 2019, Tesla had introduced the new Model S and Model X with silicon carbide power electronics in the drive unit, and BorgWarner intr...

  Description According to the Market Statsville Group (MSG), the  global  logging while drilling (LWD) market  size is expected to grow from  USD 3,513.1 million in 2021  to  USD 6,791.9 million by 2030 , at a CAGR of 7.5 %  from 2022 to 2030 .  Logging while drilling (LWD) refers to the addition of wireline-quality formation measurements to the directional data of a Measurement While Drilling (MWD) service. LWD systems helps gaining real-time formation evaluation while drilling. The global logging while drilling (LWD) market is expected to be driven by increasing global drilling and completion activities .  Additionally, the increasing oil and gas discoveries and the liberalization of the industry globally have led to the creation of new opportunities for the players to invest in the market. However, the fluctuation in oil prices over the recent period, due to the supply-demand gap, geopolitics, and several other factors, hav...

  Description According to the Market Statsville Group (MSG), the  global  data analytics outsourcing market  size was valued at  USD 7.7 billion in 2021  and is projected to reach  USD 107.9 billion by 2030 , registering a  CAGR of 34.1%  from 2022 to 2030. Organizations hire data analytics outsourcing service providers to perform analytics on the data they provide to the outsourcing firm. According to industry research, service demand is on the rise. Most businesses are now aware of the benefits and financial benefits of outsourcing data analytics services. Companies may outsource data analytics due to a lack of skilled human resources and expertise. The benefits of data analytics outsourcing encourage businesses to gain market share and customer insights, as well as make strategic business decisions based on data analytics reports. One of the primary factors driving the market growth is the growing amount of digital data combined with...

  Description According to the Market Statsville Group (MSG), the  global  smart headphone market  size was  USD 9.9 billion in 2021  and is estimated to reach  USD 50.1 billion by 2030 . The market is projected to grow at a  CAGR of 20.1%  over the forecast period .  The market is anticipated to grow due to increased penetration of infotainment devices, rapid technological advancement, and an upsurge in the need for mobility services. However, adverse effect on hearing ability due to overuse of headphones is expected to limit the market growth. On the contrary, customers’ increase in the need for the convenience of smart headphones, such as liberty from maintaining a wired connection of devices, easy connectivity, noise cancellation, fitness tracking, heart monitoring, and others, is expected to provide ample growth opportunity the market expansion. Global Smart Headphone Market Definition The  smart headphone  is a device tha...