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Rising Usage in Petrochemical and Food & Beverage Industries to Steer Float Switch Sensor Market Past US$ 9.22 Billion by 2032

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The global float switch sensor market size is estimated to touch a valuation of US$ 4.56 billion in 2022. With rising applications of float switch sensors in chemical processing, petrochemicals, and food and beverages, the overall demand for float switch sensors is poised to grow at 7.3% CAGR between 2022 and 2032.

Float switch sensors are devices that detect the level of liquid in tanks or containers. They float on top of the liquid surface and act as mechanical switches when liquid level changes. They control devices like pumps, values or alarms when the level of liquid increases or drops to a particular point.

Float switch sensors help in preventing overflows, protect various equipment from severe damage and help to prevent dangerous situations. Thus, they are being increasingly installed across industries like chemicals, petrochemicals, food & beverages, and water treatment plants.

Similarly, various attractive features of float switch sensors such as easy installation, power conservation, autonomous operation, and reliable electrical design, are encouraging end users to adopt them in their facilities. This will continue to push sales of float switch sensors during the forecast period.

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Furthermore, implementation of IoT and rising investments in research and development (R&D) are expected to boost the growth of float switch sensor market during the forthcoming decade.

For Critical Insights on this Market, Get A Sample Report!

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Regionally, North America and Europe will collectively account for over 40% share of the global float switch sensor market in 2022. Growth in these markets is driven by rapid expansion of industries like food & beverages, petrochemicals, and chemicals, strong presence of leading float switch sensor manufacturers, and availability of advanced products.

Key Takeaways:

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  • Based on application, petrochemicals and food and beverages segments are likely to be the most remunerative in the global float switch sensor market during the forecast period.
  • With rapid expansion of end-use industries, North America is set to account for around 23.5% share of the global float switch sensor market in 2022.
  • Europe is expected to hold around 20.1% share of the global float switch sensor market in 2022.
  • Demand for float switch sensors is likely to grow at a robust pace in the U.S. market during the forecast period.
  • China’s float switch sensor market is poised to exhibit strong growth amid rapidly growing usage of float switch sensors in chemical processing, petrochemicals, and shipbuilding applications.

Growth Drivers:

  • Rising usage of float switch sensors in industries like petrochemicals and food and beverage is pushing the demand in the market.
  • Easy to install & power saving features will continue to boost sales of float switch sensors during the forecast period.
  • Growing adoption of IoT solutions and their utilization in process industries is expected to create lucrative opportunities for float switch sensor manufacturers during the next decade.

Restraints:

  • Availability of substitute systems like optical sensors is limiting the growth of float switch sensor market.
  • Lack of operational knowledge about a variety of applications is also slowing down Sales of Float Switch Sensors.

Get Customization on this Report for Specific Research Solutions

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Competitive Landscape:

Leading float switch sensor manufacturers are constantly launching new products to meet end user demands. Furthermore, they have adopted various strategies such as alliances, collaborations, partnerships, mergers, acquisitions, joint ventures, etc. Gain a competitive edge in the highly competitive market.

For instance,

  • In June 2019, Rochester Gauges, LLC acquired FPI Sensors to expand its market share in the liquid level sensor space.
  • In 2019, Cynergy3 Components Ltd., teamed up with Rhopoint Components Ltd, a leading design-in distributor of electronic components, sensors, and connectors.

Key Companies Profiled by Fact.MR

  • SMD Fluid Controls
  • Cynergy Components
  • Madison Company
  • MATelec Australia
  • Hamilton Electronics
  • Gems Sensors
  • FPI Sensors
  • Savolite
  • Deeter Electronics Ltd.
  • S.R.I. Electronics

More Valuable Insights on Float Switch Sensor Market

In the latest study, Fact.MR offers a 360-degree view of the global float switch sensor market for the forecast period of 2022 to 2032. The report also highlights key factors such as recent developments and growth drivers influencing sales in the float switch sensor market through detailed segmentation as follows:

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By Type:

  • Vertical Switches
    • Top Mounted
    • Bottom Mounted
  • Horizontal Switches
  • Custom Multi-level Switches

By Material:

  • Stainless Steel Float Switches Sensors
  • Plastic Float Level Switches Sensors
  • Miniature Stainless Steel Float Switches Sensors

By Application:

  • Food & Beverages
  • Chemical Processing
  • Water Treatment Plants
  • Petrochemicals
  • Shipbuilding
  • Aircraft & Aerospace

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Interested to Procure The Data? Inquire here

https://www.factmr.com/connectus/sample?flag=EB&rep_id=553

Key Questions Covered in the Float Switch Sensor Market Report

  • What will be the demand outlook of the float switch sensor market in 2022?
  • What is the projected growth rate of the global float switch sensor market during 2022-2032?
  • Which are the key drivers bolstering growth in the float switch sensor market?
  • Which factors are hindering the growth in the float switch sensor market?
  • Which region is expected to exhibit the fastest growth in the global float switch sensor market during 2022-2032?

Explore Fact.MR’s Coverage on the Industrial Automation Domain

Automotive Exhaust Sensor Market: As per Fact.MR, the global demand for automotive exhaust sensors is projected to grow at 3.2% CAGR during the forecast period, totaling over US$ 37 billion by the end of 2032. Rising Usage of MEMS sensors, growing need for fuel efficiency, and rigorous vehicle emission standards are some of the factors driving growth in the automotive exhaust sensor market

Emergency Stop Switches MarketWith rising demand from industrial and commercial sectors, the global sales of emergency stop switches are slated to increase at a healthy pace during the forecast period. Increasing awareness regarding safety mechanisms is improving the adoption of wireless emergency stop switches.

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Air Flow Sensor MarketFact.MR predicts the global air flow sensor market size to reach US$ 2.2 billion in 2022. Furthermore, with rising applications across various industries including aerospace, healthcare, automotive, and food & beverage, the overall demand for air flow sensors is likely to grow at 4.1% CAGR between 2022 and 2032, surpassing a valuation of US$ 3.3 Billion by 2032.

Sensor Screwdrivers MarketEurope is anticipated to occupy the crux of the market share in the global sensor screwdrivers market owing to the presence of a large manufacturing hub in the region, especially in Western EuropeNorth America and East Asia are expected to follow Europe in terms of market share.

IoT Sensors Market AnalysisAs per the analysis, the market in North America is expected to lead the global market for IoT sensors. In the region, the U.S is projected to be the most lucrative region during the forecast period, garnering US$ 33.8 Billion, while expanding at a CAGR of 20.9% from 2022-to 2032.

3D Profile Sensors Market: 3D Profile Sensors Market Forecast By Product( Less than 50 mm, 50-200 mm, 200-800 mm, Greater than 800 mm) By Type(Image Sensors, Position Sensors, Acoustic Sensors, Accelerometers) By Technology (Stereo vision, Structured Light, Time-of-Flight, Ultrasound)- Global Review 2021 to 2031

Two Wheeler Sensors Market: The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Artificial Intelligence

Industrial Robotics Market is Slated to Transcend USD 44.87 Billion Valuation by 2031-end, Automation of Industrial Operations to Promote Market Expansion | SkyQuest Technology

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industrial-robotics-market-is-slated-to-transcend-usd-44.87-billion-valuation-by-2031-end,-automation-of-industrial-operations-to-promote-market-expansion-|-skyquest-technology

WESTFORD, Mass., July 12, 2024 /PRNewswire/ — According to SkyQuest, the global Industrial Robotics Market size was valued at USD 14.7 Billion in 2022 and is poised to grow from USD 16.6 Billion in 2023 to USD 44.87 Billion by 2031, at a CAGR of 13.2% during the forecast period (2024-2031).

Increasing use of advanced digital technologies in industries to improve the productivity of industrial operations is slated to bolster the demand for industrial robotics. The development of novel industrial robots and the rising acceptance of the same in different industry verticals will also favor industrial robotics market development in the future. The global industrial robotics market is segmented into type, payload, component, application, end use, and region.
Download a detailed overview:https://www.skyquestt.com/sample-request/industrial-robotics-market
Industrial Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 16.6 billion
Estimated Value by 2031
$ 44.87 billion
Growth Rate
Poised to grow at a CAGR of 13.2%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type, Payload, Component, Application and End Use,
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Rising adoption of automation in industrial applications
Key Market Drivers
Advancements in robotics technologies and increasing acceptance of robots in industrial settings
Segments covered in Industrial Robotics Market are as follows:
TypeTraditional Robots (Articulated Robots, Cartesian Robots, SCARA Robots, Parallel Robots, Cylindrical Robots, Others), and Collaborative RobotsPayloadUp to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, and More than 225.00 kgComponentRobot Arm, Robot Accessories, Additional Robotic Hardware, System Engineering, and Software & ProgrammingApplicationHandlings, Assembling & Disassembling, Welding & Soldering, Clean Room, Dispensing, Processing, and OthersEnd-UseAutomotive, Electrical & Electronics, Metals & Machinery, Plastics, Rubbers, & Chemicals, Food & Beverages, Precision Engineering & Optics, Pharmaceuticals & Cosmetics, Oil & Gas, and OthersRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/industrial-robotics-market
Efficient Material Handling Demands are Estimated to Govern the Global Sales of Industrial Robotics
Increasing demand for better productivity and operational efficiency in industries has resulted in the adoption of better material handling technologies. Industrial robots are highly efficient and adaptable to multiple handling operations, which is why they are being extensively used for this application. Any company investing in this segment is projected to get lucrative returns on their investments in the long run.
Demand for Better Human-Machine Interactions to Drive Use of Collaborative Industrial Robots
Collaborative robots have been gaining massive popularity around the world owing to their better human-machine interaction capabilities. Industrial robotics providers should focus on utilizing artificial intelligence and machine learning technologies to maximize the efficiency of their offerings. Growing emphasis on worker safety is also a key factor that is projected to bolster the demand for collaborative industrial robotics across the forecast period.
View report summary and Table of Contents (TOC):https://www.skyquestt.com/report/industrial-robotics-market
Industrial Robots are Highly Popular Among Electronics and Electrical Industry for Multiple Operations
Rapidly surging demand for electronics and electrical components around the world owing to the adoption of digital technologies is driving the demand for industrial robotics. Almost all aspects of electronics manufacturing are being automated, which is why industrial robotics is projected to shine bright in the electronics and electrical industry.
Industries dealing with plastics, chemicals, and rubber are also projected to witness a robust hike in demand for industrial robotics. The automotive industry is also a key end user of industrial robotics and will be a key segment that most companies target in the future.  The use of industrial robots to perform hazardous and dangerous tasks is projected to increase as emphasis on worker safety rises.
Increasing digital transformation of multiple industry verticals will also create a highly opportune setting for industrial robotics companies no matter what industry they choose to target. Industry 4.0 trend and growing preference for automation are also estimated to uplift the sales of industrial robotics over the coming years.
Related Report:
Robotics Market
Service Robotics Market
Delivery Robots Market
Warehouse Robotics Market
Smart Robots Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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Artificial Intelligence

Artificial Intelligence (AI) in Manufacturing Market Valued at USD 64.63 Billion by 2031 | SkyQuest Technology

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WESTFORD, Mass., July 12, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) in Manufacturing Market size was valued at USD 2.58 Billion in 2022 and is expected to grow from USD 3.20 Billion in 2023 to reach USD 64.63 Billion by 2031, at a CAGR of 45.6% during the forecast period (2024-2031).

Artificial intelligence helps boost factory productivity and efficiency in manufacturing industry and is therefore getting adopted at a rapid pace. The objective of optimizing manufacturing processes and the increasing adoption of Industry 4.0 is driving the demand for AI in manufacturing. The global market for AI in manufacturing is categorized by components, technology, applications, end-users, and regions.
Download a detailed overview:https://www.skyquestt.com/sample-request/artificial-intelligence-in-manufacturing-market
Artificial Intelligence (AI) In Manufacturing Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 3.20 Billion
Estimated Value by 2031
$ 64.63 Billion
Growth Rate
Poised to grow at a CAGR of 45.6%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component, Device Type and End User
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Development of new AI in manufacturing hardware and software solutions remains prime focus of companies
Key Market Opportunities
Demand for predictive maintenance slated to create new business scope
Key Market Drivers
Computer vision and machine learning technologies to improve automation capabilities drive market growth
Segments covered in Artificial Intelligence (AI) In Manufacturing Market are as follows:
ComponentNetwork, ModuleDevice TypeWearables, Tracker, Smart Lighting, Smart Parking, Alarm & Detector, OthersEnd-UserAutomotive Industry, Infrastructure, Healthcare, Manufacturing Industry, OthersRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-in-manufacturing-market
Hardware Plays a Vital Role in Adoption of Artificial Intelligence (AI) in Manufacturing
Legacy infrastructure and systems of manufacturing facilities are not compatible with advanced artificial intelligence technology thereby driving the demand for novel hardware solutions. This sub-segment covers components such as sensors, devices, processors, integrated circuits, etc. designed especially for AI in manufacturing going forward. The need for better computing power and demand for faster hardware configurations will also help this segment bolster artificial intelligence (AI) in manufacturing market growth in the future.
Software plays a crucial role in incorporating advancements of AI technology in artificial intelligence (AI) in manufacturing applications. High investments in the development of novel AI software solutions and integration of edge and cloud computing are also creating new opportunities for artificial intelligence (AI) in manufacturing providers going forward. 
Machine Learning in AI Applications for Manufacturing will help Promote Growth
Machine learning algorithms help to examine extensive datasets for providing immediate insights into manufacturing equipment and processes. Such insights help players improve their market position by optimizing operations and utilizing resources. Predictive maintenance is also largely enabled by the deployment of machine learning algorithms. High investments in machine learning technology development are also expected to alter the global artificial intelligence (AI) in manufacturing market growth trajectory vastly in the future.
Computer vision technology is projected to witness robust demand over the coming years. The growing need for automation across all kinds of manufacturing facilities is slated to create an opportune setting for artificial intelligence (AI) in manufacturing companies going forward. This technology helps machines to interpret and process visual data to make informed decisions in real time that enhance the productivity of manufacturing operations.
View report summary and Table of Contents (TOC):https://www.skyquestt.com/report/artificial-intelligence-in-manufacturing-market
Predictive Maintenance Takes Crown When It Comes to AI Application in Manufacturing Space
Downtime is the worst nightmare of any manufacturing operation, and this is why predictive maintenance is the best companion for any manufacturing company. A growing number of manufacturing facilities deploying predictive maintenance solutions to reduce downtime allow this segment to lead global artificial intelligence (AI) in manufacturing adoption. Meanwhile, the use of AI for quality control and inspection of finished goods is also expected to rise at a robust CAGR over the coming years. Use of AI for production planning also offers lucrative opportunities for artificial intelligence (AI) in manufacturing providers in the long run.
Artificial intelligence (AI) in the manufacturing market is slated to largely benefit from the predictive maintenance sub-segment across the forecast period. Upcoming artificial intelligence (AI) in manufacturing companies should target the services sub-segment and established providers should focus on the hardware sub-segment to get the best returns in the long run. Context awareness and natural language processing technologies have a lot of untapped potential for artificial intelligence (AI) in manufacturing companies to experiment with.
Related Report:
AI Market 
Artificial Intelligence (AI) Robots Market
Artificial Intelligence (AI) in Healthcare Market
Mobile Artificial Intelligence (AI) Market
Artificial Intelligence (AI) Hardware Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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Artificial Intelligence

Artificial Intelligence (AI) in Cybersecurity Market to Surpass USD 114.30 Billion Valuation in 2031 on the Back of Rapidly Evolving Threat Landscape | SkyQuest Technology

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WESTFORD, Mass., July 12, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) in Cybersecurity Market size was valued at USD 18.36 Billion in 2022 and is poised to grow from USD 22.49 Billion in 2023 to USD 114.30 Billion by 2031, at a CAGR of 22.53% during the forecast period (2024-2031).

Artificial intelligence technology is being used in cybersecurity to improve the security of digital networks and solutions as the threat landscape evolves rapidly. The growing incidence of cyberattacks and the need for automation of cybersecurity are promoting the use of AI in cybersecurity. The global artificial intelligence (AI) in cybersecurity market is segmented into offering, security type, technology, application, vertical, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/global-ai-in-cybersecurity-market
Artificial Intelligence (AI) In Cybersecurity Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 22.49 billion
Estimated Value by 2031
$ 114.30 billion
Growth Rate
Poised to grow at a CAGR of 22.53%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Security Type, Technology, Application and Vertical
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Emphasis on improving identity and access management to create better AI in cybersecurity solutions
Key Market Opportunities
Use of machine learning to identify potential threat patterns
Key Market Drivers
Deployment of novel AI-based cybersecurity solutions by enterprises driving market development
Segments covered in Artificial Intelligence (AI) In Cybersecurity Market are as follows:
Security TypeInfrastructure Security (Network Security, Endpoint Security, Cloud Security, and Others), Data Security, Application Security, and OthersTechnologyMachine Learning (ML), Natural Language Processing (NLP), Context-Aware ComputingApplicationIdentity & Access Management, Risk & Compliance Management, Data Loss Prevention, Unified Threat Management, Fraud Detection, and OthersVerticalBFSI, IT & Telecom, Government & Defense, Manufacturing, and OthersRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/global-ai-in-cybersecurity-market
Services to Spearhead the Global Artificial Intelligence (AI) in Cybersecurity Market Growth
Artificial intelligence is a highly advanced technology, and organizations need assistance to deploy it in cybersecurity applications. From consulting to integration all kinds of services are highly vital in the global artificial intelligence (AI) in cybersecurity market growth over the coming years. Not all companies have the resources to deploy AI in cybersecurity by themselves, which is why the services sub-segment holds sway in the global market.
Rapid advancements in AI technology fuel the need for novel software solutions and updates for the same allowing the software sub-segment to boost market growth. Use of advanced machine learning algorithms and integration of other advanced technologies will also help amplify artificial intelligence (AI) in cybersecurity company’s business scope through this sub-segment. The increasing complexity of the regulatory environment and cyberattacks will always boost the demand for new software solutions.
Machine Learning is the Essence of AI in Cybersecurity Market
Machine learning algorithms go above and beyond when used for cybersecurity as they help in identifying patterns and analyzing huge volumes of data to provide better security suggestions. Preventive threat protection actions can be used by deploying predictive threat detection using machine learning, thereby favoring artificial intelligence (AI) in cybersecurity market growth too. Machine learning is becoming an integral part of all AI-based cybersecurity solutions and systems.
Text-based attacks have increased in prevalence and frequency around the world and this is why the need for natural language processing (NLP) technology is rising rapidly. Use of NLP in AI-based cybersecurity solutions Better communication and a simplified nature of AI-based security can be achieved by the extensive deployment of NLP technology.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/global-ai-in-cybersecurity-market
Identity and Access Management to Remain the Primary Wall in AI-based Cybersecurity Defense
The use of artificial intelligence in identity and access management is projected to take cybersecurity to a new level. Use of multi-factor authentication and single sign-on features can easily be enabled by using AI in identity and access management functions of cybersecurity. The increasing complexity of the regulatory environment to reduce the incidence of cyberattacks is promoting the demand for AI-based risk and compliance management solutions. In the age of information data is the currency and safeguarding this data is of utmost importance to all organizations. Data loss prevention application is also slated to provide attractive opportunities for artificial intelligence (AI) in cybersecurity companies in the long run.
Artificial intelligence (AI) in cybersecurity market players should take caution while investing in any of the segments of this market as this is a highly sensitive and regulated industry. Targeting the use of machine learning and natural language processing algorithms in this market could be highly rewarding for new as well as established artificial intelligence (AI) in cybersecurity companies in the near future.
Related Report:
AI Market 
Cyber Security Market
Artificial Intelligence (AI) in Computer Vision Market
Edge Artificial Intelligence (AI) Market
Artificial Intelligence (AI) Hardware Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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