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Facilities Management Market is expected to hold an opportunity of US$32.62 bn by 2024; facilities management will exhibit a remarkable 9.7% CAGR

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Rapid urbanization and industrialization are key factors uplifting the overall growth of the global cordless power tools market. The growing trend of "Do it Yourself" (DIY) projects, which is creating demand for amateurs and enthusiasts to upgrade or rebuild material possessions such as household appliances is again expanding the growth of the cordless power tools market size. The rise in the end-user segments such as the Automobile, aerospace, construction, electronics, shipbuilding industries is also anticipated to foster market growth. Drilling & fastening devices, sawing & cutting, and demolition machines segments are gaining tremendous demand from a wide range of applications. The increasing global electric vehicle market has further resulted in the high demand for cordless power tools such as fastening and other material removal devices. North America is estimated to exhibit tremendous growth in the near future and this attributed to the rapid growth in the end-user segments such as automobiles, electronics, construction, and aerospace in the region. Also, expanding the oil &gas industry in the region due to the high demand for crude oil and increasing investment has further augmented the cordless power tools market growth. According to the International Energy Agency, crude oil production in the United States increased by 10.9% compared to 2018. As such, the United States remained the world's top producer, followed by the Russian Federation, Saudi Arabia, Canada, and Iraq Cordless power tools that are available today come with a variety of different options and functions, allowing users to customize them to meet their exact needs. Drilling & fastening devices, Material Removal Tools, Routing Tools, demolition machines, and sawing & cutting are some of the cordless power tools. They are widely used across end-user industries such as automobile, construction, aerospace, electronics, and shipbuilding industries. Read more @ https://coherentmarketinsight

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Photonic integrated circuits (PIC) are circuits that carry information by using photons in the visible or near-infrared spectrum of light. It controls computer systems and store large amounts of information. The most common applications of PIC include information processing, data storage, communication, and entertainment applications. Photonic integrated circuits (PIC) have ability to process information and are produced from different materials such as Gallium Arsenide (GaAS), silicon, Indium Phosphide (InP), and Lithium Niobate (LiNbO3) Growing miniaturization of devices is a prime factor fueling the market growth of the photonic IC. These circuits offer high-speed data transmission due to which they are gaining huge demand from aerospace, industrial, and telecommunication, utilities, and energy sectors which is again propelling the market growth. Also, the growing demand for efficient and high-speed data transmission across data centers is further escalating the market growth of the photonic IC. The growing need for photonic IC from the telecommunication industry along with the rise in the number of cloud services providers is expected to bring bright market opportunities over the forecast period. From the geographical perspective, the Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the high presence of the telecommunication industry in the region. India is the world's second-largest telecommunications market with a subscriber base of 1.16 billion and has registered strong growth in the last decade. India witnesses an increase in total internet users to reach 636.73 million in 2019. The internet subscribers reached 687.62 million by September 2019. Key developments: 1. In June 2020, KVH Industries, Inc., announced the launch of P-1775 inertial measurement unit (IMU) featuring KVH's new PIC InsideTM photonic integrated chip (PIC) technology. The product features an integrated planar optical chip that s

Die-cut lidding is a novel packaging technique that combines enhanced flexibility and durability with cost savings and waste reduction. Die-cut lids are adhesive tape items made out of an expanded sheet of thermoplastic die-cut material adhered to a clear plastic-tape sheet. Die-cutting machines press the tape into exact sizes and shapes to create die-cut lids for a variety of applications, such as sticky tape packaging, disposable linings, flexible lidding, and waterproof packaging, as well as paper product packaging.This breakthrough in the packaging industry has many advantages, including saving time and effort, greater product flexibility, reduced waste, increased production rates, and greater product safety.

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