While most
companies still lack the ability to mine and
leverage important customer data, and are therefore failing to meet evolving
shopping demands, I have a pleasure to recall that, investing in big data and predictive
analytics is a game-changer in our ever-connected data-driven era where retailers and manufacturers can unlock
significant competitive advantage by leveraging consumer insights to make
category decisions and create localized merchandising assortments.
Very interesting to observe that, increasing production of composites rich commercial and regional aircraft, development of new composite applications in different industries, an advancement in materials, increasing investment in research & development, increasing demand for light-weight materials, and rising quality and safety standards are major growth drivers of the testing market in the composites industry. According to Research and Markets, the global composites testing market was valued at US$ 1,189.7 million in 2016 and is projected to witness an excellent CAGR of 7.2% over the next five years to reach US$ 1,819.9 million in 2022.
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