Market News

According to market statistics and estimates, the telemedicine market will be worth 45 billion U.S. dollars in 2019. Affected by the COVID-19 epidemic, the telemedicine market is estimated to have a compound annual growth rate of 19.3% from 2020 to 2026. The scale will grow to 175.5 billion US dollars.

Since Germany called out "Industry 4.0", the related issues have quickly fermented around the world. U.S. government immediately put forward the "Advanced Manufacturing Partnership Program (AMP)" focusing on emerging technologies that can be quickly commercialized. Government R&D facilities are shared to promote industry one-stop collaborative R&D capabilities, reducing the risks of commercialization.

Today’s feature-rich hand tools enable manual operations to be more efficient, comfortable, and safe, thereby increasing productivity, improving work quality, and reducing fatigue and wear.

The surge in the production of smartphones, the increasing penetration of artificial intelligence (AI) in commercial and consumer applications, and the decline in the price of consumer electronic devices are some of the main factors that may drive market growth of glass.

The prospects of the global construction industry are promising. The main driving forces of market growth are growth of urbanization and population, housing market, and infrastructure.

Geographically, Turkey is a natural land bridge located on the east-west axis and the north-south axis. It connects European, Middle Eastern, African, and Central Asian markets, giving it great geographical and economic advantages. Holding this key global position, its central location creates an efficient and cost-effective export hinterland and market for major trading partners.

According to forecasts, the compound annual growth rate of the semiconductor industry from 2021 to 2026 will exceed 6%. With the increase in investment in storage devices and semiconductor components, the technological advancement of the entire semiconductor industry is also constantly evolving. The emergence of the Internet of Things (IoT) and artificial intelligence (AI), as well as the proliferation of complex electronic products, are driving high-end applications in the consumer electronics and automotive industries, increasing the adoption rate of semiconductor manufacturing to meet growing demands.

Water hardware is an indispensable part of life. From the showerhead of the bathroom to the faucet of the kitchen, it is all connected to water flow. For the water hardware industry, the United States is the world's largest importer of water hardware and also exports to the global water hardware industry. The deepest impact in recent years has come from the rapid development of water hardware products in China and other developing countries. With its continuous expansion of product exports and market share, China is replacing countries such as Europe, America, and Japan, and has become an important production base and product sales market for water hardware.

In recent years, global smart door lock technology has developed rapidly. As an important part of smart home access control, the smart lock market will grow substantially in the next few years.

The optical industry is still the mainstream product sector in consumer electronics, and there is still a lot of room for innovation. Since smartphones are equipped with optical lenses, from the rear to the front, and from single-lens to multi-lens, hardware innovation not only facilitates consumers to take photos and videos but also directly drives the vigorous development of the optical industry.