MBE market will see remarkable growth due to rising demand for cloud-based storage systems and installations of advanced military equipment.

The North America region is the largest market and is anticipated to grow with significant growth rates.

The ongoing developments in smart cities projects across the world and integration of advanced technologies in the construction sector are some of the major factors that boosting the growth of global commercial lighting market.

Some of the factors that are expected to positively influence development of UTM systems include the increasing prevalence of drones used in several sectors such as delivery, agriculture, surveillance etc.

Factors such as massive need for automatic labelling machine in food & beverages industry and surge in demand for automated packaging solutions are some of the major factors propelling the market growth.