Report ID: SQMIG45I2206
Report ID:
SQMIG45I2206 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|
Tables:
120 |
Figures:
77
In 2024 it has contributed USD 728.1 Million and it will however sustain to dominate the market over the projected period of 2022-2032 with the estimated Market size of USD 1,180.85 Million and projected CAGR 7.2%. This growth can be mainly due to several factors that are currently influencing the demand in various industries. The market is experiencing growth due to the fast-growing industrialization in the region, rising automotive industry, and growing interest in smart structures.
In Europe the second dominating region, the market is expected to reach from USD 624.94 million to USD 973.19 million at the CAGR of 6.5% during the forecast period 2024-2032. Factor such as safety and performance requirements of automotive and aerospace industries are the fundamental reason that boost the usage of DAS system in this region. Furthermore, the trend towards Industry 4.0 and smart manufacturing has only increased the integration of DAS into production lines and increased overall efficiency while decreasing downtime.
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Report ID: SQMIG45I2206