The global market for large-format ceramic panels is projected to grow at a compound annual growth rate (CAGR) of nearly 15.7% by volume and 10.7% by value from 2017-2025.
Increasing production of composites-rich commercial and regional aircraft, along with the development of new composite applications in different industries, are major growth drivers for the testing market in the composites industry.
The global composites testing market was reportedly valued at $1.2 billion in 2016 and is projected to witness a compound annual growth rate (CAGR) of 7.2% over the next five years to reach $1.9 billion in 2022.
The global ceramic matrix composites (CMCs) market in aircraft engines offers an exceptional growth opportunity during the forecast period of 2017 to 2022.
The Asia-Pacific region led the solar PV glass market in 2016, while North America is projected to grow at the highest compound annual growth rate between 2017 and 2022.
Increased demand for solar photovoltaic (PV) glass from the residential, non-residential, and utility sectors is expected to fuel the growth of the solar PV glass market.
Growth in the bulletproof glass market is driven by globally increasing incidences of security threats, political disputes, civil unrest, armed conflicts, and terrorism.
The Italian ceramic machinery sector closed 2016 with a 2.3% increase in sales to €2.028 billion (approximately $2.3 billion), following three years of growth.
In a recent technology survey, 10% of respondents indicated that they expect mass-market OEMs to have the most to gain from the mobility as a service (MaaS) megatrend.
Dedicated augmented reality (AR) and virtual reality (VR) headsets collectively are expected to grow at a strong pace from just under 10 million units in 2016 to just shy of 100 million units in 2021, with a five-year compound annual growth rate (CAGR) of 57.7%.