Smart Thermostat market in its latest report titled,
“Smart Thermostat Market – Growth, Trends, COVID-19 Impact, And Forecasts (2021 – 2026)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The smart thermostat market was valued at USD 988.7 million in 2020 and expected to reach USD 3396.36 million by 2026 and grow at a CAGR of 23.1% over the forecast period (2021-2026).
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Changing Product Designs and Growing Investments in Industry 4.0
Most of the global automotive, aerospace and semiconductor and medical device manufacturers are deploying modern reverse engineering to drive business value throughout the design, manufacture, and maintenance of their products. The high rate of product design changes in these industries is also bringing continuous changes in the production line. As the production changes, the quality standards need to keep pace, fuelling the adoption of advance CMMs.
With Industry 4.0 practices integrating all areas of manufacturing to enhance the efficiency of production processes, optical and laser scanning is a key component in its implementation. In the production environment, multi-sensors help obtain a rapid insight into deviations, a significant benefit of high-speed digital data capture. With the support of high precision and reliable CMMs, manufacturers are making them ready for Industry 4.0.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Optical Coordinate Measuring Machine Market (2020 to 2025) - Growth, Trends and Forecasts - ResearchAndMarkets.com
January 18, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 18, 2021
The global optical coordinate measuring machine market was valued at USD 617.27 million in 2019, and it is projected to be worth USD 627.08 billion by 2025, registering a CAGR of 1.85% during the period of 2020-2025.
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Werth Messtechnik GmbH
Changing Product Designs and Growing Investments in Industry 4.0
Most of the global automotive, aerospace and semiconductor and medical device manufacturers are deploying modern reverse engineering to drive business value throughout the design, manufacture, and maintenance of their products. The high rate of product design changes in these industries is also bringing continuous changes in the production line. As the production changes, the quality standards