The Automotive Intelligent Lighting Industry: Key Insights & Statistics

According to a recent market intelligence report from BIS Research, the automotive intelligent lighting market was valued at $9.40 billion in 2017 and is expected to reach $15.08 billion by 2023, growing at a CAGR of 8.44% during the forecast period from 2018 to 2023.

Topics: Transportation & Shipping Heavy Industry

The Global Off-Highway Equipment Market: 4 Key Growth Industries

The off-highway equipment market – which includes machinery used primarily off-road in construction, mining, forestry, and agricultural applications, among others – has struggled in recent years, restrained by challenging worldwide economic conditions and fluctuations in pricing and material costs. 

However, according to an ebook from The Freedonia Group, this market is expected to rebound through 2021, supported by growth in a few key global industries.

Topics: Manufacturing & Construction Industry Insights Heavy Industry The Freedonia Group

The Top 7 Things to Know About Smart Manufacturing

Smart manufacturing is a powerful disruptive force with the potential to restructure the current competitive landscape and produce a new set of market leaders. Companies that are slow to adopt new technologies and processes could be left behind.

Topics: Software & Enterprise Computing Manufacturing & Construction Heavy Industry

Smart Farming: The Future of Agriculture Technology

According to a new market intelligence report by BIS Research, the global smart farming market is expected to reach $23.14 billion by 2022, rising at a compound annual growth rate (CAGR) of 19.3% from 2017 to 2022.

The market growth is primarily attributed to the increasing demand for higher crop yield, the growing penetration of information and communication technology (ICT) in farming, and the increasing need for climate-smart agriculture.

Topics: Energy & Resources Industry Insights Heavy Industry

5 Key Trends in 3D Printing Materials

3D printing has been identified as one of the major disruptive technologies of this century that has the potential to change manufacturing activities across various industries. 3D printing technologies can help companies differentiate their business and gain a powerful competitive advantage.

Topics: Materials & Chemicals Manufacturing & Construction Industry Insights Heavy Industry

3 Key Factors Driving Momentum in the Global HVAC Industry

According to a report by BIS Research, the global heating, ventilation, and air conditioning (HVAC) market was estimated at $172.37 billion in 2017 and is expected to reach $208.55 billion by 2024, growing at a CAGR of 2.6% during the forecast period. A number of factors are at play:

Topics: House & Home Manufacturing & Construction Heavy Industry

5 Top Trends in the Transportation Industry in 2018

The transportation industry is a vast ecosystem which covers everything related to the major modes of transport, namely, road, rail, marine, and air transport. This industry includes goods as well as passenger transport.

Topics: Transportation & Shipping Industry Insights Heavy Industry

Growth Expected in the Aquaponics and Hydroponics Industry

According to a new market research report by BIS Research, the global aquaponics & hydroponics systems and equipment market is expected to reach $1.98 billion by 2022. Compared to traditional agricultural and aquaculture practices, aquaponics and hydroponics systems help enhance productivity with minimum inputs.

Topics: Energy & Resources Industry Insights Heavy Industry

5 Things to Know About the Automotive Regenerative Braking System Market

According to a new market research report by BIS Research titled Global Automotive Regenerative Braking System Market - Analysis and Forecast: 2017–2026, the global regenerative braking system (RBS) market is expected to reach a value of $24.52 billion by 2026.

Topics: Energy & Resources Transportation & Shipping Heavy Industry

The Global Trucking Industry and the Role of Artificial Intelligence

In its US Freight Transportation Forecast publication, the American Trucking Association (ATA) has estimated that freight transport in the US will grow to 20.73 billion tons by 2028, a growth of 36.6% from that of 2017 numbers (15.18 billion tons).

Topics: Software & Enterprise Computing Transportation & Shipping Industry Insights Heavy Industry