Among the above-mentioned four end-user segments, the restaurants segment accounts for the highest share of sales of commercial charbroilers. An increase in the number of restaurants, mainly QSRs, offering charbroiled food during the forecast period will help it remain a lucrative segment for the sales of commercial charbroilers.

A smoke detector can detect a fire breakout and prevent it from spreading by enabling security measures. Smoke detectors are connected to alarm systems that emit a highpitched alarm tone to warn residents of potential danger, thus preventing accidents. The requirements of smoke detectors vary based on the type of residences. Few residences might require battery-powered detectors, whereas others might need interconnected hard-wired detectors.

Factors like contamination of residential water supply and hardness of water are largely contributing to the growth of the global residential water treatment equipment market. The increasing interest among governments worldwide to decentralize water treatment in order to produce high-quality water for different household applications at the point-of-entry (POE) and point-of-use (POU) of

individual households is aiding the growth of the market. This entails more economic benefit to the government expenditure on water treatment.Compared to POU, POE equipment is still less-preferred by residential consumers, owing to its high cost. However, it is expected that during the forecast period, the POE segment will grow at a higher rate (21.26%) due to deteriorating water quality at the source.The global residential water treatment equipment market is highly fragmented,competitive, and commoditized. This makes the key leading players vulnerable since technologies like activated carbon, filtration, and RO have limitations and do not offer sufficient protection. With little or no technological differentiation, players in the market will lose market share to players who offer more effective treatment products for a wide range of impurities. Thus, it is expected that technological innovation will drive the market during the forecast period.

The advances in technology and changing consumer preferences have transformed the demand for the frozen and packaged foods. Consumers prefer to use products that save time.The global urbanization rate has risen with economic development and liberalization of economies. With increasing urbanization rate and rising demand for retail outlets coupled with the low availability of retail space, appliances need to be more efficient in terms of size and performance.The increasing participation of women in the labor force over the years has led to a surge in the sales of convenience foods like frozen and packaged food meals.Therefore, Technavio expects the demand for the refrigerated display cases (RDC) to be driven primarily by the booming frozen food market.Vendors of RDCs are developing different strategies to maintain their position in the market. For instance, they are investing significantly in R&D and launching innovative product variants. Vendors like Carrier and Hussmann have introduced RDCs with light-emitting diode (LED) lights to save energy.Based on geography, the RDC market in Asia-Pacific (APAC) will notice an impressive CAGR during 2015-2020. Also, China, Australia, India, Germany, the UK, France, and the Netherlands are the key leading countries in the global RDC market. Vendors also have notable business opportunities in emerging economies such as Southeast Asian countries, Brazil, and Mexico.

The global refractory materials market is expected to grow at a CAGR of 3.74% during the forecast period because of the increase in the application of refractory materials in various end-use industries like steel and iron, non-metallic materials,non-ferrous metals, and energy.The shaped form of refractory materials constituted 57.6% of the market in 2015 and is forecast to grow at a CAGR of 2.76% over the next five years. However, the monolithic form will see faster growth at a CAGR of 5.02%.Of the various types of refractory materials, the clay and others segment had the largest market share of 61.3% in 2015. It will see faster growth than the non-clay segment at a CAGR of 4.57% during 2016-2020.Of the end users of refractory materials, the iron and steel industry accounted for 68.4% of the global market. It is expected to grow at a CAGR of 2.87% over the forecast period. The fastest growing end user will be the non-metallic material segment, which is expected to grow at a CAGR of 6.69% during the forecast period.APAC had the leading market share of 70.25% in 2015 and will see the highest growth rate with a forecast CAGR of 4.07% during 2016-2020. The primary reason for this is the growth of end-use industries like iron and steel, cement, glass, and energy in the region.

Market competition is intense among the established players in the global recruitment software market. The companies use different strategies such as acquisitions and technology investments like launching a mobile app to gain the market share. For instance, HireVue offers HireVue Pro, an iPhone app that allows recruiters to design interview questionnaires on phone, and share it with candidates

who can send back their answers in a video. In addition, InstaJob — the mobile recruiting app of CareerCloud —helps enterprises to create visual job ads. The app is available only for iOS and Android devices, and costs $2.99 per download.According to the Technavio analysis, businesses spend up to $4,000 per person to find and hire the right talent. In 2015, the global unemployment rate declined to 5%;the job market is becoming more competitive, resulting in the high adoption of recruitment software to hire the right talent cost efficiently.

In terms of application, the satellite industry accounted for 68.39% — the largest share — of the global radiation-hardened (rad-hard) electronics market in 2015. It was followed by the avionics industry with 16.3% and the nuclear power reactor industry with 10.22%.In terms of geography, the US dominated the market in 2015, with a share of 52.71%. Government/military contracts contributed the most to the regional market share.The increasing demand for commercial satellites from telecommunications and internet companies is a major driving factor for the market due to surging demand for GPS, the internet, higher bandwidth speed, and connectivity.Recent technological advances in radiation-tolerant electronics and developments of radiation isolation/containment and packaging/shielding techniques are the major challenges in the market, resulting in sluggish market growth.Brazil, Russia, India, and China (BRIC) are likely to contribute a major share to the market during the forecast period due to an increase in the number of space exploration projects by the governments and a rise in commercial satellites because of high demand for internet connections and higher bandwidth speeds.

The increase in the demand for superior performance electronics and innovations in design and manufacturing process technologies is resulting in high growth of the global system-on-chip (SoC) market. The mixed-signal methodology for SoCs is expected to accelerate their adoption across wide-application segments during the forecast period, driving the adoption of test and measurement solutions such as pulse generators.The demand for control systems is increasing at a rapid pace in both discrete and process industries. The demand for high-quality products and faster time-to-market pressure have encouraged manufacturers in both the industries to deploy efficient

control systems to automate the industrial process. The network infrastructure in such industries connects several devices such as master controllers,programmable logic controllers (PLCs), human machine interface (HMIs), and field devices such as motors and drives and I/O devices. This necessitates the implementation of test and measurement systems in industrial automation.The Internet of Things (IoT) connects a wide range of devices manufactured by different manufacturers. This compels different vendors across the market to work

collectively in an open-source platform in order to set standards for all things and to determine the interoperability among IoT devices. This is resulting in the design and development of complex ICs that support all the standards, leading to the adoption of test and measurement instruments.

Solvent-borne coatings dominated the global protective coatings market with a share of 76.4% in 2015. These coatings are likely to retain their market share over the forecast period owing to the fact that they are cheaper and easy to use.However, their use is being restricted in certain applications, especially in the developed regions as they emit volatile organic compounds (VOCs). Water-borne

coatings are gaining prominence as they are environmentally friendly.Epoxy-based resins are widely used for manufacturing protective coatings. These resins accounted for a market share of 33% in 2015. The increased application of these resins in pipelines, furniture, appliances, and industrial applications are driving the consumption of coatings made of these resins.In this report, Technavio covers the present scenario and growth prospects of the global protective coatings market for 2016-2020.

The increasing adoption of targeted therapies is expected to shift the market dynamics, owing to their robust effectiveness in the treatment of prostate cancer.For instance, in 2015, targeted therapies such as Xofigo reported YoY growth of 37% worldwide, indicating a growing acceptance among physicians.Novel hormonal therapies such as Xtandi and Zytiga continue to dominate the market, due to their effectiveness in treating metastatic castration-resistant prostate cancer (mCRPC). For instance, Xtandi reported YoY growth of 79.25% in 2015,reflecting an increase in the adoption rates.In this report, Technavio covers the present scenario and growth prospects of the

global prostate cancer drugs market for 2016-2020.