Growing demand of UV curable inks for packaging applications is a major driver identified in the UV curable resins market. The UV curable inks are safe and have zero emission, which is propelling their use in the packaging industry. The UV cured products are also Food and Drug Administration (FDA) approved, hence it is being increasingly adopted. Also, rise in the economic standards and growing demand for packaging applications in countries such as China and India have led to the increased use of UV cured inks, resulting in their increased sales.
In the U.S., boost in the manufacturing sector owing to stable macroeconomic outlook and decrease in the cost of managing the supply chain owing to vertical integration by leading players are also fueling the growth of the U.S. coding and marking systems market. For example, Dover corporation achieved more than 3.0% growth in printing and identification platform during the fourth quarter of 2017.
The South American enterprise asset management market is expected to reach $802.1 million by 2023, according to P&S Intelligence.
The growth will be owing to the increasing focus of enterprises on reducing operating cost of assets as well as rising need for safeguarding the supply chain availability and visibility of businesses.
Insights on Market Segments
The Middle East and Africa (MEA) marketing automation software market is expected to reach $1.9 billion by 2024, registering a CAGR of 14.4% during the forecast period, according to P&S Intelligence.
The growth in the market can be mainly attributed to surging adoption of digital marketing and robustly growing e-commerce platforms.
Americas Self-Checkout Systems market is predicted to reach $7.1 billion by 2024 posting a CAGR of 10.9% during forecast period, according to P&S Intelligence.
The market is buoyed by several factors, primarily the labor shortage issue, rising internet penetration, and increasing digital transaction in Americas. In conjunction to this, increasing smartphone users is supporting market growth in the region.
Insights on market segments
The enterprise asset management market is expected to reach $8.7 billion by 2024, registering a CAGR of 13.5%, during 2019-2024, according to P&S Intelligence.
The need for effective utilization of assets, controlling maintenance and procurement expenses, and to improve the return on assets, are the major factors contributing to the growth of the enterprise asset management market, globally.
RAID (Redundant Array of Independent Disks) is a data storage virtualization technology that combines multiple physical disk drive components into one or more logical units for the purposes of data redundancy, performance improvement or both.
Rising demand for storage capacity of digital content is expected to drive the redundant array of independent risks market over the forecast period.
Swarm intelligence (SI) is the collective behavior of decentralized, self-organized systems, natural or artificial.
SI systems consist typically of a population of simple agents or boids interacting locally with one another and with their environment, and the inspiration often comes from nature, especially biological systems.
The automotive AC compressor is a key element of the HVAC system. HVAC systems are widely accepted among all class of vehicles and across all regions, irrespective of climatic conditions. The AC compressor compresses the refrigerant, primarily R134a, and sends it to the condenser. The AC compressor is used for pressurizing the AC unit and keeping R134a flowing so that it can work properly.
3D machine vision systems typically comprise multiple cameras or one or more laser displacement sensors. Multi-camera 3D vision in robotic guidance applications provides the robot with part orientation information.