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Globally, the aging population is enlarging, and this group’s participation in the labor market is increasing accordingly. By 2030, people aged 60 and above are expected to outnumber children under age 10 by 60 million. Projections estimate 30% growth in labor participation from the 65+ age group. At global scale, the increase in life expectancy pr...

17 Jan 2020  |  Asia Pacific  |  Market Research

Asia-Pacific Machine Tool Market, Forecast to 2023

Manufacturing Industries Shifting Toward Low-cost Production, Coupled with Globalization of Markets, is Propelling the Consumption of Machine Tools in Asia-Pacific

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Growing per-capita income of middle-class consumers has led to a rise in spending on goods. To meet the demand and grab the opportunity in the Asian market, manufacturing industries are investing in new production plants and machines. Additionally, low-cost manufacturing competitiveness such as lower labor costs, young populations, and low cost of ...

A private cellular network—what the 3GPP standards refer to as a “non-public network”—is an isolated network which restricts the devices that connect to it. Public cellular networks initially carried primarily voice traffic, but data traffic now dominates these networks. This includes internet access and an ever-increasing percentage of video traff...

A digital transformation wave is being experienced across almost every industry. Industries are forming partnerships to develop solutions by utilizing diversified areas of expertise, and exploring new business models. This transformation demands new requirements on connectivity and is setting the stage for the next generation of wireless access tec...

This research service focuses on new and disruptive technologies in the concentrated solar power (CSP) industry. Solar energy technology has witnessed consistent improvements in terms of energy and cost efficiency. While solar photovoltaics is currently the most widely adopted method of solar energy utilization, CSP technology has several features ...

Automatic number plate recognition (ANPR) is an emerging technology that enables the recognition of license plate characters, both alphanumeric and non-alphanumeric, from still images or video footage of vehicles. The ANPR system creates a searchable database that law enforcement agencies or private companies can later use to identify vehicles that...

Buy now, pay later (BNPL), also referred to as point of sale (PoS) installment loans, is a short-term financing option that enables consumers to spread out payments for purchases over a period of time. The increase in eCommerce activity during the COVID-19 pandemic brought along with it a strong interest in alternative spending options. BNPL, a sub...

This study examines the private wireless network industry, analyzing its opportunities for growth across segments. The largest industries were some of the first to adopt private wireless networks due to their needs, compelling use cases, and accessibility to budgets. Now, in addition to the existing avenues for private wireless network deployments,...

The packaging industry is dependent on polyethylene (PE), polypropylene (PP), and polyethylene terephthalate (PET), which are prized for their durability, recyclability, and versatility. PE, available in both high-density and low-density forms, is indispensable for producing flexible films and rigid containers. Its superior moisture-resistant p...