Daily Archives: December 4, 2017

Biosimulation Technology Market Size, Share and Growth, 2023

In biosimulation industry, there is a trend of collaboration and partnership of universities and research institutes with suppliers. Drug discovery and development process is stringent, time consuming, and expensive process. In addition, the success rate of drug approval is very low. According to Tufts Centre for the Study of Drug Development, an academic, non-profit research group at Tufts University, in the U.S., out of 1,000 compounds tested only one makes it to human clinical trials, and out of five such compounds only one gets approved. Biosimulation technology overcomes these limitations by simulating biological systems through software models and increasing predictability in early stages of drug development; hence, saving time and money in drug development process.

Digital Pathology Market Expected To Witness The Highest Growth

Global digital pathology market was valued at $390.7 million in 2016 and is projected to reach $1.3 billion by 2024, having a CAGR of 16.6% during the forecast period of 2017 to 2024. In 2016, whole slide imaging segment held the largest share of the global digital pathology market.

Digital Pathology is a computer aided image-based information environment. It is one of the emerging technology within the field of pathology. Glass slides containing specimens are transformed into digital images for easy analysis, transport and storage. Images which are full of information are stored digitally forming a database related to the patient, helping in quick and accurate diagnosis. Cost effective benefit and enhanced analysis are prime advantages of digital pathology. An upsurge in preferences for computer-aided diagnosis that facilitates efficient disease detection, result evaluation at anatomic level, quantification of disease progression and risk assessment are expected to fuel the market growth.

Automotive Electronic Control Unit (ECU) Market Status and Trend Report 2016-2024

Automotive Electronic Control Unit market has been estimated to garner a revenue of $33.66 billion in 2016 and is projected to reach $55.97 billion by 2024, growing at a CAGR of 6.6% from 2017 to 2024.power steering systems generated the highest revenue in the AECU market.

 Anti-lock Braking System Market Size, Share, Trend & Growth Forecast to 2024

Anti-lock Braking System (ABS) Market was valued at $26 billion in 2016 and is projected to reach $44.5 billion by 2024, growing at a CAGR of 7.1% from 2017 to 2024. Passenger cars are anticipated to dominate the market throughout the analysis period.

Anti-lock braking system is an advanced braking system, which helps automobile to uphold tractive contact with the road surface, by releasing braking pressure for an instant and then providing optimal braking pressure to each wheel. In addition, it helps to maintain steering ability and to avoid skidding of vehicles in the wet or rough surface. ABS is an evolving technology in the global automotive industry and is applicable to both conventional and electric vehicles; the latter being a major consumer of the RBS. Automobile giants such as Toyota, BMW, Ford, and Tesla have introduced ABS in their vehicles.

Automated Fare Collection System Market Size, Trends, Opportunities and Future Scenario Forecast Until 2024

Automated Fare Collection System Market was valued at $4.81 billion in 2016 and is projected to reach $12.81 billion by 2024, growing at a CAGR of 13.3% from 2017 to 2024.
An automated fare collection system also called as AFC system is the set of components that automate the ticketing system of a public transportation network by an automated and improvised version of manual fare collection. The AFC system is usually the basis for integrated ticketing. Various technologies like contactless smart cards have been seen more frequently in AFC, This system enables efficiency in fare collection, improves the overall transaction rate, and saves an extensive amount of time, thereby minimizing waiting time in queues and searching for cash to buy tickets. In addition, it is the easiest method for revenue collection. AFC offers travelers to carry one card for use on all transit modes. For Example, Delhi Metro Rail has provided smart cards which reduced traffic congestion and waiting in queues. The AFC system consists of the components like automatic gate machine, ticket vending machine and ticket checking machine.

Alternative Fuel And Hybrid Vehicle Market Trends and Global Forecast to 2024

Alternative fuel and hybrid vehicle market was valued at $318 billion in 2016 and is expected to reach $819 billion by 2024, having a CAGR of 12.8% during the forecast period of 2017 to 2024. The passenger car segment garnered the highest revenue share in the global alternative fuel and hybrid vehicle market.

Turbocharger Market Research Analysis – Opportunities, Trends and Forecast Report 2016 – 2024

Global Turbocharger Market was valued at $10.2 billion in 2016, and is projected to reach $24.04 billion by 2024, having a CAGR of 11.6% during the forecast period of 2017 to 2024.

Tubeless Tire Market By Technology Elements and Growth Rate 2016-2024

The Global Tubeless Tire market was valued at $130.16 billion in 2016, and is projected to reach $212.5 billion by 2024, having a CAGR of 6.4% during the forecast period of 2017 to 2024.

Feminine Hygiene Products Market Analysis and Share Forecast 2016-2024

Global feminine hygiene products market was valued at $28.7 billion in 2016 and is expected to reach $47.3 billion by 2024, having a CAGR of 6.3% during the forecast period of 2017 to 2024. The sanitary pads segment gained the highest revenue share in the Global feminine hygiene products market.

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