Press Release

Stay updated with the latest announcements, market intelligence releases, and company news from Lucintel. Browse our press releases for insights into industry trends and our latest research.

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Lucintel publishes regular press releases highlighting new market research, industry analyses, strategic studies, and corporate announcements. Each release distills our latest insights for journalists, analysts, and decision-makers.

Browse the archive below to find releases by topic and date. We cover trends across composites, materials, aerospace, automotive, healthcare, energy, and more, drawing on decades of industry experience and a global network of expert sources.

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Press Release Publish Date
The active optical cable market is expected to reach $4 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the active optical cable market looks attractive with opportunities in the data center, high performance computing, consumer electronics, telecommunication, and other applications. The global active optical cable market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $4 billion by 2025 with a CAGR of 19% …

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July 20, 2020
The mica market is expected to reach $709 million by 2025 (Chemical)

According to a new market report published by Lucintel, the future of the mica market looks promising with opportunities in the electrical and electronics, construction, paint & coating, and personal care industries. The mica market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $77.6 billion by 2025 with a CAGR of 3% to 5% from 2020 to …

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July 20, 2020
Opportunities for fillers in the personal care market are expected to grow with a CAGR of 3% to 5% from 2020 to 2025 (Chemical)

According to a new market report published by Lucintel, the future of the filler in the personal care market looks promising with opportunities in the facial care, oral care, body care, and hygiene product markets. Fillers in the personal care market are expected to grow with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are increasing demand for beauty care products and growth in hygiene market. Browse 121 market data tables and …

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July 20, 2020
The Boron Market is Expected to Reach $1.7 Billion by 2025 (Chemical)

According to a new market report published by Lucintel, the future of the boron market looks promising with opportunities in the building and construction, electrical and electronics, pharmaceutical, consumer, and agriculture industries. The boron market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.7 billion by 2025 with a CAGR of 2% to 4% from 2020 to …

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July 20, 2020
The global ground and precipitated calcium carbonate market is expected to reach $24.8 billion by 2025 (Chemical)

According to a new market report published by Lucintel, the future of ground and precipitated calcium carbonate market looks good with opportunities in the packaging, building & construction, transportation, and industrial end use industries. The global ground and precipitated calcium carbonate market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $24.8 billion by 2025 with a CAGR …

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July 17, 2020
Opportunities for the connector market to reach $77.5 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the connector market looks promising with opportunities in the automotive and transportation, telecom/datacom, computer and peripheral, industrial, and consumer electronics industry. The connector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $77.5 billion by 2025 with a CAGR of 3% to 5% from 2020 …

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July 17, 2020
The polarizer film market is expected to reach $17.1 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the polarizer film market looks attractive with opportunities in the television, monitor, notebook, and cell phone markets. The polarizer film market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $17.1 billion by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The …

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July 17, 2020
The fire detector market is expected to reach $7.1 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the fire detector market looks promising with opportunities in the commercial, public institution, industrial, and residential sectors. The fire detector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $7.1 billion by 2025 with a CAGR of 6% to 8% from 2020 to 2025. The …

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July 17, 2020
The global superfine talc market is expected to reach $1.1 billion by 2025 (Chemical)

According to a new market report published by Lucintel, the future of the global superfine talc market looks promising with opportunities in the automotive, building and construction, electrical and electronics, industrial, packaging, personal care, food, and pharmaceuticals markets. The global superfine talc market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.1 billion by 2025 with a …

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July 17, 2020
Opportunities for the high-density interconnect Printed circuit board (HDI PCB) market to reach $16.4 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the high-density interconnect (HDI) PCB market looks promising with opportunities in the smartphone, computer, telecommunication equipment, consumer electronics, and automotive industries. The HDI PCB market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $16.4 billion by 2025 with a CAGR of 6% to 8% from …

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July 15, 2020
The expandable graphite market is expected to grow with a CAGR of 8% to 10% from 2020 to 2025 (Chemical)

According to a new market report published by Lucintel, the future of the expandable graphite market looks attractive with opportunities in flame retardants, graphite foil & sheets, sealing & gaskets, and others. The global expandable graphite market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 8% to 10% from 2020 to 2025. The major drivers …

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July 15, 2020
The LED driver market is expected to reach $18 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the LED driver market looks attractive with opportunities in the residential, commercial, industrial, and automotive lighting sectors. The LED driver market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $18 billion by 2025 with a CAGR of 11% to 13% from 2020 to 2025. The …

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July 15, 2020
The automotive parking assistance system market is expected to reach $2.5 billion by 2025 (Transportation)

According to a new market report published by Lucintel, the future of the automotive parking assistance system market looks promising with opportunities for SUVs and crossovers, large cars, and mid-size cars. The automotive parking assistance system market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.5 billion by 2025 with a CAGR of 12% to 14% from …

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July 15, 2020
Opportunities for the smart home market to reach $119 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the smart home market looks attractive with opportunities in the home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. The smart home market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $119 billion by 2025 with a CAGR of 7% to 9% …

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July 15, 2020
The global magnesium hydroxide market is expected to reach $773 million by 2025 (Chemical)

According to a new market report published by Lucintel, the future of the global magnesium hydroxide market looks attractive with opportunities in industrial, municipal, and pharmaceutical industries. The global magnesium hydroxide market is expected to decline in 2020 due to global economic recession led by COVID-19. However market will witness recovery in the year 2021 and it is expected to reach an estimated $773 million by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major …

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July 14, 2020
The battery material market is expected to reach $75.8 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the battery material market looks promising with opportunities in the transportation, industrial, and consumer electronics industries. The global battery material market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $75.8 billion by 2025 with a CAGR of 7% to 9% from 2020 to 2025. The …

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July 14, 2020
The polyolefin film market is expected to reach $112.6 billion by 2025 Market (Chemical)

According to a new market report published by Lucintel, the future of the polyolefin (POF) film market looks promising with opportunities in the packaging, construction, and agriculture industries. The polyolefin (POF) film market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $112.6 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The …

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July 14, 2020
Growth Opportunities in the Global BOPP Film Market to reach $23.8 billion by 2020-2025 (Chemical)

According to a new market report published by Lucintel, the future of the global BOPP film market looks promising with opportunities in food packaging, non-food packaging, and industrial applications. The global BOPP film market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $23.8 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. …

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July 14, 2020
The airport service market is expected to reach $206.9 billion by 2025 (Aerospace and Defense)

According to a new market report published by Lucintel, the future of the airport service industry looks promising with opportunities in the hospitality event, cargo handling, and aircraft handling services. The airport service industry is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $206.9 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. …

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July 14, 2020
Opportunities for the power over ethernet (PoE) market to reach $1.3 billion by 2025 (Technology & Telecommunications)

According to a market report by Lucintel, the future of the power over ethernet (POE) market looks promising with opportunities in residential, commercial, and industrial sectors. The power over ethernet solutions market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.3 billion by 2025 with a CAGR of 9% to 11% from 2020 to 2025. The major …

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July 14, 2020
The global biaxially oriented polyamide (BOPA) film market is expected to reach $3.5 billion by 2025 (Chemical)

According to a new market report published by Lucintel, the future of the BOPA film market looks attractive with opportunities in the packaging, automotive, construction, and electrical & electronic industries. The global BOPA film market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $3.5 billion by 2025 with a CAGR of 5% to 7% from 2020 to …

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July 14, 2020
Lucintel anticipates that North America will be the fastest growing region in the medical battery market (Healthcare)

According to a new market report published by Lucintel, the future of the global medical battery market looks promising in the segments of patient monitoring, general medical devices, cardiovascular, orthopedic, and home healthcare. The global medical battery market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.2 billion by 2025 with a CAGR of 3% to 5% …

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July 14, 2020
The automotive under the hood plastic market is expected to reach $4.8 billion by 2025 (Transportation)

According to a new market report published by Lucintel, the future of the automotive under the hood plastic market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle segments. The automotive under the hood plastic market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $4.1 billion by 2025 with a CAGR …

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July 14, 2020
The industrial seamless steel pipe market is expected to reach $5.1 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the future of the global industrial seamless steel pipe market looks promising with opportunities in the power generation, petrochemical, industrial plant processing, and automotive industries. The global industrial seamless steel pipe market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $5.1 billion by 2025 with a CAGR of …

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July 14, 2020
The metal tank market is expected to reach $12.5 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the future of the global metal tank market looks promising with opportunities in oil and gas, industrial, and municipal applications. The global metal tank market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $12.5 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025 …

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July 14, 2020
The lubricants in the global plastic processing market is expected to reach $5.6 billion by 2025 (Chemical)

According to a new market report published by Lucintel, the future of lubricants in the global plastic processing market looks promising with opportunities in the construction, packaging, consumer goods, and automotive industries. Lubricants in the global plastic processing market are expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $5.6 billion by 2025 with a CAGR of 2% to …

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July 14, 2020
Lucintel anticipates that Asia Pacific will be the fastest growing region in the chemical storage tank market (Construction & Industrial)

According to a new market report published by Lucintel, the future of the global chemical storage tank market looks promising with opportunities in the petrochemical, food and beverage, pharmaceutical, and pulp and paper industries for various tank applications. The global connector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $5.3 billion by 2025 with a CAGR …

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July 08, 2020
The global biometric system market is expected to reach $48.1 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the global biometric system market looks promising with opportunities in the government, commercial, healthcare, and banking sector. The global biometric system market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $48.1 billion by 2025 with a CAGR of 14% to 16% from 2020 to 2025. …

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July 08, 2020
Opportunities for the automotive millimeter-wave (mmWave) radar IC market to reach $0.8 billion by 2025 (Transportation)

According to a new market report published by Lucintel, the future of the automotive millimeter-wave (mmWave) radar IC market looks attractive with opportunities in adaptive cruise control, blind spot detection (BSD), forward collision warning, parking assist, automatic emergency braking system (AEBS), and other automotive advanced driver assistance systems (ADAS) applications. The global automotive millimeter-wave radar IC market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 …

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July 08, 2020
The gallium arsenide wafer market is expected to reach $0.9 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the gallium arsenide wafer market looks attractive with opportunities in radio frequency (RF) electronics and optoelectronics. The global gallium arsenide wafer market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $0.9 billion by 2025 with a CAGR of 5% to 7% from 2020 to 2025. …

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July 08, 2020
Lucintel anticipates that Asia Pacific will be the fastest growing region in the plastic water storage tank market (Construction & Industrial)

According to a new market report published by Lucintel, the future of the global plastic water storage tank market looks promising with opportunities in the sectors of residential, commercial, industrial, and municipal. The global connector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $14.7 billion by 2025 with a CAGR of 2% to 4% from 2020 …

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July 08, 2020
The fiber laser market is expected to reach $5.1 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the fiber laser market looks attractive with opportunities in material processing, instrumentation & measurement, and other applications. The fiber laser market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $5.1 billion by 2025 with a CAGR of 9% to 11% from 2020 to 2025. The …

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July 08, 2020
Strategic Technology Trends in the Global Medical Plastic Market (Healthcare)

The medical plastic market has undergone significant change in recent years, with medical plastic technology evolving from traditional polymers to biodegradable polymers. The rising wave of new technologies, such as engineering plastics are creating significant potential in diagnostic instruments and drug delivery system application, and driving the demand for medical plastic technology. To download report brochure, please go to https://www.lucintel.com/technology-landscape-trends-and-opportunities-in-medical-plastic-market.aspx and click "report brochure" tab from the menu. In medical plastic market, various material technologies, such as polyvinyl chloride, polyethylene, …

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July 07, 2020
The global aerospace lightning strike protection market is expected to grow with a CAGR of 2% to 4% from 2020 to 2025 (Aerospace and Defense)

According to a new market report published by Lucintel, the future of the global aerospace lightning strike protection market looks promising with opportunities in the commercial, regional, and military aircraft markets. The global aerospace lightning strike protection market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 2% to 4% from 2019 to 2025. The major …

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July 07, 2020
The North American reinforced thermoplastic pipe market is forecast to grow at a CAGR of 2.6% from 2020 to 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the growth of the North American reinforced thermoplastic pipe market looks promising with opportunities in the oil and gas, water and wastewater, and mining industries. The North American reinforced thermoplastic pipe market is expected to grow with a CAGR of 2.6% from 2020 to 2025. The major drivers for this market are increasing old pipeline replacement, growing oil and gas industry, and new pipeline construction activities. To download report brochure, please …

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July 07, 2020
The global high performance nylon for tribology market is expected to grow at a CAGR of 4.2% from 2019 to 2024 (Composites and Advanced Materials)

According to a new market report published by Lucintel, the future of the global high performance nylon for tribology market looks promising with opportunities in the bearings, gears, seals, cams, and brakes applications. The global high performance nylon for tribology market is expected to grow with a CAGR of 4.2% from 2019 to 2024. The major drivers for this market are growth in vehicle production and replacement of metal with plastics in various industries. To download report brochure, please go …

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July 07, 2020
The global metal pipe market is expected to reach $99.3 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the global metal pipe market looks promising with opportunities in oil and gas, power generation, automotive, and industrial sector. The global metal pipe market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $99.3 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025 . …

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July 07, 2020
Technology Landscape, Trends and Opportunities in the Global Automotive Spare Wheel Recess Market (Technology & Telecommunications)

The material technologies in automotive spare wheel recess have undergone significant change in recent years, with steel, aluminum, and glass-mat-reinforced thermoplastics (GMT) to polyamide 6. The rising wave of new material technology, such as polyamide 6 is creating significant potential for automotive spare wheel recess in various vehicle platforms due to stiffness of the recess, and storage of the spare tire. To download report brochure, please go to https://www.lucintel.com/technology-automotive-spare-wheel-market.aspx and click "report brochure" tab from the menu. Spare wheel recess …

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July 07, 2020
The global gas market is expected to reach $148.7 billion by 2025 (Chemical)

According to a new market report published by Lucintel, the future of the global gas market looks promising with opportunities in the manufacturing, healthcare, chemical, energy, electronics, and food & beverages industries. The global gas market is expected to reach an estimated $148.7 billion by 2025 with a CAGR of 4.9% from 2020 to 2025. The major drivers for this market are increasing demand for metal fabrication and growth in chemical and electronic industry. To download report brochure, please go …

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July 07, 2020
The global smart elevator market is expected to reach $31.6 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the future of the global smart elevator market looks attractive with opportunities in the residential, commercial, and institutional construction industries. The global smart elevator market is expected to decline in 2020 due to global economic recession led by COVID-19. However the market will witness recovery in the year 2021 and it is expected to reach an estimated $31.6 billion by 2025 with a CAGR of 14%-16% from 2020 to 2025. The …

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July 07, 2020
Composites material in the global aerospace market is forecast to reach $3.3 billion by 2025 (Aerospace and Defense)

According to a new market report published by Lucintel, the future of the global aerospace composites material market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft industries. The global aerospace composites materials market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $3.3 billion by 2025 with a CAGR of 2% …

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July 07, 2020
The global high-pressure gas cylinder market is expected to reach $2.3 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the future of the global high-pressure gas cylinder market looks promising with opportunities in the transportation, industrial gas and storage, and life support industries. The high-pressure gas cylinder market is forecast to reach $2.3 billion by 2025 with a CAGR of 3.8% from 2020 to 2025. The major drivers for this market are growth in demand for CNG vehicles and increasing usage of high-pressure cylinders in the medical and recreational industries. …

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July 07, 2020
The oscilloscope market is expected to reach $2.9 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the global oscilloscope market looks attractive with opportunities in consumer electronics, automotive, IT & telecommunications, aerospace & defense, medical, and engineering industries. The global oscilloscope market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.9 billion by 2025 with a CAGR of 6% to 8% …

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July 07, 2020
The global home security market is expected to reach $62.3 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the home security market looks attractive with opportunities in the residential sector. The global home security market is expected to reach an estimated $51.5 billion by 2025 and it is forecast to grow at a CAGR of 9.2% from 2020 to 2025. The major growth drivers for this market are increasing rate of crime, declining prices of security products, increasing awareness related to safety and security, and the …

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July 07, 2020
The global copper pipe and tube market is forecast to reach $17.3 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the growth of the global copper pipe and tube market is expected to remain flat with opportunities in the HVAC (Heat, Ventilation, and Air Conditioning), refrigeration, industrial, electrical, plumbing, and medical industries. The global copper pipe and tube market is expected to decline in 2020 due to global economic recession lead by COVID-19. However the market will witness recovery in the year 2021 and the market is expected to reach an …

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July 07, 2020
The global pressure sensor market is expected to reach $16.5 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the global pressure sensor market looks attractive with opportunities in the industrial, healthcare, consumer electronics, and automotive industries. The global pressure 8sensor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $16.5 billion by 2025 with a CAGR of 6% to 8% from 2020 to …

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July 07, 2020
The building panel market is expected to reach $237.3 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the future of the building panel market looks promising with opportunities in the commercial and residential building sectors. The global building panel market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $234.1 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major …

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July 06, 2020
The bathtub market is expected to reach $10.5 billion by 2025 (Construction & Industrial)

According to a new market report published by Lucintel, the future of the bathtub market looks good with opportunities in residential and non-residential buildings. The global bathtub market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $10.5 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025 . The major drivers for the …

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July 06, 2020
Opportunities for the titanium in the automotive market expected to grow with a CAGR of 1% to 3% from 2020 to 2025 (Transportation)

According to a new market report published by Lucintel, the future of titanium in the automotive market looks promising with opportunities in the luxury cars and sport cars segments. The titanium in the automotive market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 1% to 3% from 2020 to 2025. The major growth drivers for …

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July 06, 2020
The global sensor market is expected to reach $234.7 billion by 2025 (Technology & Telecommunications)

According to a new market report published by Lucintel, the future of the global sensor market looks attractive with opportunities in the industrial, healthcare, consumer electronics, automotive, and aerospace/defense industries. The global sensor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $234.7 billion by 2025 with a CAGR of 8% to 10% from 2020 to 2025. …

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July 06, 2020

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