The non-invasive diagnostic imaging techniques are witnessing high demand, primarily for soft tissue diagnosis. These unmet demands are the factors driving the magnetic resonance imaging market’s growth. Furthermore, factors, such as technological advancements, like the inclusion of MRI with PET or CT, to provide imaging possibilities with less exposure to harmful radiations, rising adoption of MRI in developing countries, and availability, along with rising adoption of universal health coverage in the developed and developing markets, are aiding the growth of the market studied.

The translation market is witnessing excess demand, as a result of the increasing use of computer-assisted tools. The necessity to use the technology in favor of the more efficient translation process is, therefore, continuously increasing. This continuous increase can be attributed to the growth of emerging economies and the internationalization of many businesses that want to provide their content, products, and services in as many languages as possible. This requirement might prompt translation companies to rely increasingly on machine translation, as a tool.

LCoS-based products, which offer higher quality and more precise results than competing microdisplay technologies, such as liquid crystal display (LCD) and digital light processing (DLP), are being preferred by component manufactures. Therefore, increasing demand for high resolution display is supporting the growth of the liquid crystal on silicon (LCoS) display market. Compatibility with wide range of products, an open technology platform, and superiority in terms of competing technology are some of the major drivers for market growth.

The first link discussed in this industry value chain is research and product development. This is one of the most important links in the LiDAR industry, as it defines the final design and performance characteristics of the deployed product. In this link, a study is conducted to analyze the requirements of the system and the parameters to be met to perform as desired. Once the required data is gathered from research, a test module is developed based on the available data. The system is then designed to meet the requirement. The test module is then passed through vigorous testing to analyze the performance of the system. The product is then improved depending on the text results till a finalized version of the system is produced. Then the product moves to the next link in the value chain.

The integration of robotics and automation in labs is rapidly increasing, owing to the enhanced productivity and mitigated operational cost for laboratories. This is likely to boost the market growth during the forecast period. The progress in research and discovery of the organs, including the polymerase chain reaction (PCR), splice genes, means of sequencing, are on a rise, which may propel the market growth.

Inflight food is the food served to passengers on board by commercial airliners. They are prepared by specialist airline catering firm, and are normally served during the cruise to the passengers. Confectionery category has a comprehensive appeal in the travel sector. With the ban on LAGs (liquids, aerosols, and gels) and with an accumulative number of passengers using low-cost carriers, the growth of confectionary category in these carriers has significantly increased, to become one of the most critical categories in the industry.  The beverage segment comprises coffee, tea, hot chocolate, milk, cold-drink, and alcohol.

The availability of a wide range of lighting products at competitive prices, and the increasing demand for energy efficient lighting systems across various industrial sectors are driving the market growth. Industrial operators are often faced by challenges of maintenance costs, due to heat losses of the traditional and most common lighting fixtures in commercial and industrial settings, i.e., fluorescent and high-intensity discharge (HID) lights. LED lights that offer greater energy and cost savings, as well as low maintenance cost, have been witnessing high demand, since the past few years.

Currently, hydraulic motors are extensively used in construction, agriculture, and mining industries. They are commonly used in equipment skids, forklifts, bulldozers, excavators, heavy dump trucks, harvesters, combines etc.  Construction, agriculture, and mining industries employ heavy hydraulic motors, to drive the wheels for moving machines.  Moreover, motors are used for transmitting power to various attachments in machines. Hydraulic motors are employed in crushing equipment, where electric motors either trip or burn out during heavy loads. The key reasons for the adoption of hydraulic motors by the OEMs or distributors of agricultural, construction, and industrial equipment and parts, are high power density, elimination of gear boxes through the use of high torque low speed hydraulic drives, smooth operation, reliable and safe functions, simplified power accumulation/ retrieving system, and simplified control system design, such as a single pump for multiple actuators. Over a century, hydraulic motors were the key tools of choice for other applications, such as drill heads in the oil and gas industry, conveyor system, bucket wheel drive, feeders and dumpers, crushers and breakers in the material handling industry, winches and loaders and unloaders in the marine industry, and mineral, metal recycling, pulp and paper, food and rubber in processing and manufacturing units.

Biocon is developing Insulin Tregopil, an oral prandial insulin tablet, for the treatment of type-1 and type-2 diabetes mellitus. The fast-acting oral insulin could improve post-prandial glucose control with reduced side effects and greater adherence, thus holding the promise to transform T1D management.  Oramed Pharmaceuticals Inc., a clinical-stage pharmaceutical company focused on the development of oral drug delivery systems, is working toward bringing the first oral insulin product to the market, thus, providing a more convenient, effective, as well as a safer method for delivering insulin therapy.

With the evolution of user interfaces, gesture recognition has emerged as a practical solution for a significant number of applications. The challenge of using big and bulky phones, which incorporate long antennas, physical switches, and buttons, has been overcome by the use of advanced technology. With innovation, the touch-sensitive interaction was incorporated in trackpads, like the IBM Simon. Currently, the touchscreen interface of IBM Simon is an efficient and familiar interface for cellular phone users, around the world.