The global digital twin market is experiencing a boom in terms of growth. In fact, the market is expected to increase from $4.9 billion in 2021 at a compound annual growth rate (CAGR) of 59% during the forecast period 2021-2026.

Collaborative Robots Background

The month of September marks not only a return to school and regular work hours (of course both of those things look differently in the age of COVID19), but September is also a time when many countries celebrate World Engineers’ Day.

Space exploration can help us solve the problems we face on Earth, such as resource and population pressures and shrinking energy supplies, and provide opportunities for environmental protection, scientific advances, new manufacturing and production processes and space tourism and settlement.

Any projects that deal with space are by nature complex and non-linear. It was because of this that space mining started out as an exciting adventure in 2007 and came to a seemingly disappointing close in 2017.

The world of engineering is vast and constantly evolving. The new age of digital enabled manufacturing, known as Industry 4.0 is arriving in the next few years. Despite the importance of the presence of autonomous manufacturing methods, we shouldn’t turn a blind eye to the industry trends in the traditional engineering markets.

What’s happening in the engineering market right now? Trends, market opportunities, market barriers, projections and more? We’ll tell you.

In our report, “2018 Engineering Research Review,” we explain what’s happening in several industries within the global engineering market, such as commercial refrigeration equipment, flexible green packaging, mobile chargers, robotics and more. This engineering industry outlook will give you quick insight into each industry featured in our full report.

Commercial Refrigeration Equipment Global Market
The commercial refrigeration equipment market holds great opportunities for new entrants as well as existing players. Key factors driving this market include rapid urbanization and changing lifestyles; growth in international food trade due to changes in consumer food consumption patterns; rising time constraints due to increasingly hectic work schedules; industry developments among organized restaurant chains, supermarkets and hypermarkets; and strong growth of global e-commerce.

Traveling for the holidays, you may have wished for a smoother, more efficient airport security process – one with shorter lines and fewer checkpoints. Thankfully, multiple companies are developing security devices powered by artificial intelligence (AI) in order to reduce time, increase effectivity and drive the future of security devices at large.