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.

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.

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.

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:

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.

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.

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.

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).

One of the latest trends involving agrochemicals is an increase in counterfeit pesticides. Fake pesticides are causing significant losses to the pesticides industry.

The electronics industry is extremely dynamic as technologies, materials, and business models are continuously restructured to meet evolving consumer demand. The demand for miniaturized (i.e., smaller, lighter, and thinner electronics products), improved connectivity and computing power, faster data speeds, and most importantly, sustainability, is encouraging innovations in this industry.