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Navigational, Measuring, Electro-Medical and Control Instruments Market to Reach $8.7 billion, Globally, by 2032 at 5.7% CAGR: Allied Market Research
The global navigational, measuring, electro-medical and control instruments market is driven by factors such as the surge in demand for smart and connected devices and rise in need for accurate and reliable navigational instruments.
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.
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Prime Determinants of Growth
The global navigational, measuring, electro-medical and control instruments market is driven by factors such as growing need of better natural resource management and increasing demand for accurate and reliable navigational instruments in several industries. However, high development costs associated with navigational, measuring, electromedical, and control instruments may hamper the market growth. Nevertheless, surge in demand for smart and connected devices is expected to provide prolific growth opportunities in the upcoming years.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$5.2 billion |
|
Market Size in 2032 |
$8.7 billion |
|
CAGR |
5.68 % |
|
No. of Pages in Report |
247 |
|
Segments covered |
Type, Application, and Region. |
|
Drivers |
Rise need of better natural resource management. Increasing demand for accurate and reliable navigational instruments in several industries |
|
Opportunities |
Surge in demand for smart and connected devices |
|
Restraints |
High development cost associated with navigational, measuring, electromedical, and control instruments |
Covid-19 Scenario
- The COVID-19 epidemic had significantly changed the dynamics of the supply chain, raised demand for e-commerce packaging, and brought attention to health and safety precautions, all of which influence the navigational, measuring, electro-medical and control instruments market.
- 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.
The automatic environmental control segment to maintain its leadership status throughout the forecast period
Based on type, the automatic environmental control segment held the highest market share in 2022, accounting for nearly half of the global navigational, measuring, electro-medical and control instruments market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to a growing emphasis on energy efficiency in automatic environmental control systems. This includes the use of energy-efficient sensors and devices, as well as optimization of energy usage through real-time data analytics. This is expected to reduce costs and make it easier for manufacturers to develop and produce solid-state battery systems. the same segment is projected to portray the fastest CAGR of 6.27% from 2023 to 2032.
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The electronics segment to maintain its leadership status throughout the forecast period
Based on application, the electronics segment held the highest market share in 2022, accounting for nearly half of the global navigational, measuring, electro-medical and control instruments market and is estimated to maintain its leadership status throughout the forecast period. The same segment is expected to cite the fastest CAGR of 6.19% during the forecast period. Surge in demand for miniaturization in the electronics industry, which is driving the development of smaller and more compact electronic devices and instruments. This is particularly important in the medical industry, where smaller and more portable devices are required for applications such as remote patient monitoring.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly half of the global navigational, measuring, electro-medical and control instruments market revenue and is likely to dominate the market during the forecast period. Owing to increase in technological advancements and rise in oil and gas standards in developing countries such as India, China, and Indonesia. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.49% from 2023 to 2032.
Leading Market Players:
- THERMO FISHER SCIENTIFIC INC.
- SIEMENS
- HONEYWELL INTERNATIONAL INC.
- SCHNEIDER ELECTRIC SE
- AGILENT TECHNOLOGIES, INC.
- HEXAGON AB
- EMERSON ELECTRIC CO.
- BOEING
- MEDTRONIC
- APPLE, INC.
The report provides a detailed analysis of these key players in the global navigational, measuring, electro-medical and control instruments market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Key Benefits For Stakeholders:
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the navigational, measuring, electro-medical and control instruments market analysis and navigational, measuring, electro-medical and control instruments market outlook from 2021 to 2031 to identify the prevailing market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global navigational, measuring, electro-medical and control instruments market trends, key players, market segments, application areas, and market growth strategies.
Navigational, Measuring, Electro-Medical And Control Instruments Market Key Segments:
By Type
- Automatic Environmental Control
- Navigational Instruments
- Industrial Process Variable Instruments
- Others
By Application
- Electronics
- Medical
- Oil and Gas
- Consumer Goods
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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DUBAI, UAE, Feb. 27, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is giving Netflix fans a reason to celebrate with an exclusive cashback offer for new Bybit Card users. From Feb. 25, 2025 to Mar. 10, 2025, eligible users can enjoy 100% cashback on their next Netflix transaction simply by signing up for a Bybit Card and spending at least $100.
With Netflix’s global subscriber base surpassing 300 million as of January 2025, it remains a leading platform for entertainment enthusiasts worldwide. Bybit aims to enhance the viewing experience for its users by turning everyday spending into rewarding moments.
“Netflix is a global favorite, and we wanted to bring even more value to our users who love to relax and unwind with their favorite shows and movies. This promotion is our way of saying thank you to new Bybit Card holders and enhancing their everyday experiences,” said Joan Han, Sales and Marketing Director at Bybit.
The promotion is available across all Bybit Card programs, with the cashback capped at $10 per Netflix transaction. The offer is exclusive to new cardholders during the event period, and the $100 minimum spending requirement excludes Netflix payments or subscriptions. Cashback can also be combined with Bybit’s ongoing 10% cashback offer. Only the first 500 eligible users each day who meet the criteria will receive the cashback.
This campaign is run independently by Bybit and is not affiliated, associated, or endorsed by Netflix in any way. For more information on the event, visit the Bybit website.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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DUBAI, UAE, Feb. 27, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced an exhilarating new event, The Great USDC Race, giving users a chance to accelerate their USDC earnings with airdrops, APR boosters, and guaranteed wins. With a massive prize pool of 100,000 USDC, participants are set for a high-octane ride from Feb. 25, 2025, 10:00 AM UTC to Mar. 16, 2025, 10:00 AM UTC.
Joan Han, Sales and Marketing Director at Bybit, commented on the event: “The Great USDC Race is designed to energize our community and bring an exciting new dimension to crypto trading. By integrating rewarding experiences with competitive incentives, we aim to make trading more engaging and beneficial for our users. This event underscores Bybit’s commitment to enhancing user experience and driving innovation in the digital assets space.”
The Great USDC Race is designed to reward both new and existing users through three exciting events:
Event 1: New Users Shout Out – 20,000 USDC Airdrop Prize Pool
Newcomers to Bybit can jumpstart their crypto journey with a 5 USDC airdrop by making their first deposit of at least $100 and trading $100 or more in USDC-related spot pairs, excluding zero-fee pairs. This event encourages new users to experience seamless trading while earning instant rewards.
Event 2: Bybit Exclusive USDC Simple Earn Yield
To maximize passive income, Bybit offers users a 12% APR on USDC Fixed Savings, along with an additional 5 USDC APR booster exclusively for new users. This feature is designed to enhance users’ earnings while maintaining flexibility in their investment strategy.
Event 3: USDC Lucky Spin – 100% Win Rate
In an exciting twist, Bybit introduces the USDC Lucky Spin, where participants can earn lucky spin tickets by completing tasks. Each spin guarantees a win, with prizes awarded on a first-come, first-served basis. This engaging event adds a gamified experience, encouraging users to participate early and frequently.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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VICTORIA, Seychelles, Feb. 27, 2025 /PRNewswire/ — MEXC, the world’s leading cryptocurrency trading platform, announced the listing of the Ethena USDe (USDE) in the Innovation Zone and open USDE-related trading pairs. To celebrate the launch, MEXC is introducing USDe & ENA-related events for all users with a $1,000,000 reward pool.
MEXC Backs Decentralized Stable Assets with USDe Listing
Since their inception, stablecoins have played an important role in the crypto ecosystem. However, many face limitations due to dependence on centralized custodians and traditional banking infrastructure. USDe, issued by the Ethereum-based DeFi platform Ethena (ENA), addresses these challenges. It is a fully decentralized synthetic USD asset that uses delta-neutral hedging to maintain a soft peg to the U.S. dollar without the need for overcollateralization or central custody. Unlike typical stablecoins, USDe employs smart contracts to automatically open and close perpetual short positions, ensuring scalability and stability.
As a global leader in digital asset trading, MEXC’s listing of USDe and USDE-related trading pairs highlights the growing importance of decentralized stable assets in the evolving DeFi landscape. This initiative reaffirms MEXC’s commitment to supporting innovative blockchain solutions and promoting decentralized finance. By providing strong liquidity and broad market coverage, MEXC creates the ideal environment for projects like USDe to thrive and unlock new possibilities in the digital economy. MEXC also offers users the chance to participate in a $1,000,000 reward pool through four major activities. This initiative enables users to engage with cutting-edge DeFi projects, explore innovative stable assets like USDe, and actively contribute to the growth of the broader DeFi ecosystem.
Celebrate the ENA & USDe Campaign with a $1,000,000 Prize Pool
MEXC, known for quickly listing trending tokens, expands its offerings with USDe (USDE). The USDE/USDT trading market officially launched in the Innovation Zone on February 27, 2025, at 10:00 (UTC), followed by ENA/USDE, BTC/USDE, ETH/USDE, SOL/USDE, and XRP/USDE at 11:00 (UTC).
To celebrate this significant listing, MEXC has designed a series of events that cater to both new and experienced traders. Users can enjoy zero-fee trading across select USDE and ENA trading pairs, creating an optimal environment for market participants to explore these assets. USDE holders can earn attractive yields of up to 10% APR simply by holding the token, with no additional staking or locking required. Meanwhile, new users joining the ENA staking program can enjoy up to 400% APR, further maximizing their earnings. The platform is also introducing exclusive staking pools, with particularly appealing rates for new users.
Additionally, active traders can participate in trading competitions with a substantial prize pool of 300,000 USDT in Futures bonuses, rewarding various levels of trading activity. In a move to further support stablecoin adoption, MEXC has also purchased $20 million in USDe, reinforcing its commitment to expanding the stablecoin ecosystem.
Beyond Trading: Earn Passive Income on MEXC
In addition to listing a wide range of tokens and trading pairs, MEXC provides various financial products designed to help crypto holders generate passive income. Flexible and fixed-term savings plans allow deposits of supported tokens to earn interest. Flexible savings incur no lock-up period and deliver daily interest, while fixed-term savings require a set commitment but offer higher potential returns. Through these offerings, MEXC continues to expand its ecosystem, providing a multifaceted approach to digital asset growth that caters to both new and experienced market participants.
Your Easiest Way to Trending Tokens
MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 30 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 32 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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