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Technology is the enabler of the future. Every year witnesses the onset of newer technologies, each with varying levels of impact on the society and lives of people. Technologies have thus become an imperative part of human life and, hence, it’s critical to understand their impact. In this whitepaper, we discuss the top 10 Technologies / Technology...

In this report, Frost & Sullivan covers construction's global and future aspects, focusing on upcoming trends. The study details opportunities for mobility, industrial, fast-moving consumer goods (FMCG), retail, information and communications technology (ICT), business and financial services, and supply chain and logistics. It offers industry sta...

Electrification of railways is on a general upswing globally owing to many regions coming forward to promote greener rail systems and improve air quality. Replacement of diesel-powered locomotives with electric or alternative powertrains such as liquefied natural gas (LNG) and hydrogen power are becoming popular with the successful operations of hy...

The Internet of Things (IoT) and traceability for food and beverage (F&B) manufacturing market was valued at $4.08 billion in market revenue in 2017 and is expected to reach $8.43 billion by 2025, growing at a compound annual growth rate (CAGR) of 9.5%. Supply chain traceability is the information system that is required to track the history of a p...

The US single-stream recycling material recovery facility (MRF) equipment market is in the midst of dramatic change. With the introduction of China’s National Sword policy, MRFs in the United States can no longer export the vast amount of recycling material the country produces each year. As a result, there is a technology-and-capabilities gap betw...

This research covers a brief analysis of key space technology trends and their implications on the future. Space-based technologies have become the backbone of our daily lives, many times without our realising it. Stakeholders across industries are exploring opportunities in and with space-based technologies, from providing broadband to the other 3...

24 Aug 2021  |  Global  |  Market Research

Global Machine Vision Growth Opportunities

High Automation Demand and Post-COVID-19 Changes in End-user Habits Drive the Market

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The global machine vision market revenue in 2020 is $10.28 billion and is forecast to record a 6.4% CAGR between 2020 and 2025. The market took a major hit in 2020 due to the COVID-19 pandemic, with sales declining 4.6% from 2019. However, Frost & Sullivan expects that market to register 3.8% growth in 2021. Positive trends in pharmaceuticals, food...

The global smart homes market is projected to reach $405.94 billion by 2030 at a compound annual growth rate of 9.3% from 2024, fueled by demand for convenience, energy efficiency, security, and comfort, alongside rising disposable incomes, urbanization, and the proliferation of IoT-enabled devices. Falling prices and simplified DIY installation ar...

Climate change is a topic that is on everyone's lips, particularly after the conclusion of the recent climate talks in Paris. To address climate change, first there has to be climate monitoring. However, monitoring climate change is not an easy process given the area to cover. This requires powerful sensing and communication infrastructure and also...