The global semiconductor industry is estimated to grow at a CAGR of 21% from 2022 to 2027 and is expected to be more than US$1.6 trillion by 2027.
The manufacturing world is constantly changing, with continuous technological advancements (such as IIoT, 3D printing, cloud computing, AR/VR, etc.) coming their way.
The future is brimming with innovative ideas waiting to be realized across various industries such as BFSI, Retail and CPG, Health Tech, Cleantech, and Automotive. These sectors are set to define the latest trends for the new year.
It is a fact that infrastructure and activities such as power plants, homes, and transport contribute to roughly 70% of worldwide greenhouse gas emissions.
The roadmap to restrict global warming to 1.5 degrees Celsius above pre-industrial levels is essential for achieving net-zero global emissions by 2030.
Steel production increased by 6.3% in August 2017. India is the 3rd largest producer, with plans to double production by 2031. Demand is high in construction, auto, and consumer durables.
Domestic tractor sales are expected to grow by 16%-18% in fiscal 2017, despite demonetization's impact. October saw a record 44% rise, but sales were affected in November due to cash drying up. Maharashtra, Madhya Pradesh, and Uttar Pradesh are expected to drive demand.