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Medical Technology:
The global Internet-of-Things (IoT) in the healthcare market is expected to grow to $163 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 38%. The United States medical device market is valued at $156 billion which accounted for 40% of the global medical device market in 2017. By 2023, it is expected to grow to $208 billion.
Medical Technology
Construction Technology:
The cities we live in today are the growth engines of our economy, and M&A activity in construction tech is positioned for a strong 2020. Currently, over 50% of the world's population lives in an urban area and this is projected to grow to 68% by 2050.The smart cities market size is projected to grow from $308 billion in 2018 to $717 billion by 2023—an 18% CAGR.
Construction Technology
Renewable Energy O&M Services:
The global Internet-of-Things (IoT) in the healthcare market is expected to grow to $163 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 38%. The United States medical device market is valued at $156 billion which accounted for 40% of the global medical device market in 2017. By 2023, it is expected to grow to $208 billion.
Renewable Energy O&M Services
Electric Vehicle Technology:
The automotive industry is at the forefront of innovation. New R&D initiatives are transforming the industry to better respond to the opportunities of the 21st century. Of the $105 billion spent on R&D globally, almost a fifth ($18 billion) is spent in the United States. In 2018, the United States exported 1.8 million new light vehicles and 131,200 medium and heavy trucks (valued at over $60 billion) to more than 200 markets around the world, with additional exports of automotive parts valued at $89 billion.
Electric Vehicle Technology
Advanced Manufacturing:
Roughly 63% of manufacturers believe that applying IoT to products will increase profitability over the next five years and are set to invest $267 billion in IoT by 2020. Widespread adoption of predictive maintenance technologies could reduce companies’ maintenance costs by 20%, reduce unplanned outages by 50%, and extend machinery life by years.
Advanced Manufacturing
