Navigational, Measuring, Electro-Medical and Control Instruments Market to Reach $8.7 billion, Globally, by 2032 at 5.7% CAGR: Allied Market Research
PORTLAND, Ore., June 28, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Global Navigational, Measuring, Electro-Medical and control Instruments Market, by Type (Automatic Environmental Control, Navigational Instruments, Industrial Process Variable Instruments, and Others), and Application (Electronics, Medical, Oil and Gas, Consumer Goods, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032". According to the report, the global navigational, measuring, electro medical and control instruments market was valued at $5.2 billion in 2022, and is projected to reach $8.7 billion by 2032, witnessing a CAGR of 5.7% from 2023 to 2032.
- Many businesses had to swiftly adjust to the growth in e-commerce by developing packaging that can endure the rigours of shipping and handling.
- The pandemic had intensified the attention on sustainable navigational, measuring, electro-medical and control instruments solutions as people looked for eco-friendly choices.
- This includes the use of energy-efficient sensors and devices, as well as optimization of energy usage through real-time data analytics.
- However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.49% from 2023 to 2032.