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Home › Press Releases
Press Releases
Title | Date |
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More Electric Aircraft Market worth $8.01 billion by 2029The report "More Electric Aircraft Market by System (Propulsion, Airframe), Component (Power Source, Actuators, Electric Pump, Power Electronics, Generator, Valves), Platform (Narrow Body, Wide Body, Regional Jet, Fighter Jet), Application, End Use - Forecast to 2029" more electric aircraft market is projected to grow from USD 5.56 billion in 2024 and reach USD 8.01 billion by 2029, at a CAGR of 7.6% during the forecast period. The More Electric Aircraft (MEA) market is revolutionizing aviation by integrating electric systems across various aircraft functions, significantly enhancing efficiency and reducing environmental impact. Its applications range from highly accurate and low-maintenance electric flight control systems, to the increased safety and reliability offered by electric-driven landing gear, to optimal energy usage in heating and cooling provided by electric power for environmental control systems. Through Electric Taxiing Systems (ETS), aircraft can taxi without engines, hence cutting fuel usage and emissions associated with ground operations. High-voltage power distribution systems enable efficient power delivery to subsystems and improve operational reliability. In addition, further developments in battery technology, such as solid-state and lithium-sulfur batteries, are required for energy storage in electric systems. Electric propulsion is still in its development stage, but it can significantly reduce emissions for short- to medium-haul flights. ...... Read More |
November 19, 2024 |
Ultralight and Light Aircraft Market worth $17.29 billion by 2029According to a research report "Ultralight & Light Aircraft Market by Propulsion (Electric/Hybrid, Conventional), System (Aerostructures, Avionics, Cabin Interiors), Technology (Manned, Unmanned), Flight Operation (CTOL, VTOL), Point of Sale End Use, Material - Global Forecast to 2029" published by MarketsandMarkets, the ultralight and light aircraft market is estimated to be USD 10.17 billion in 2024 and is projected to reach USD 17.29 billion by 2029, at a CAGR of 11.2 % during the forecast period. This growth can be attributed to the increasing aircraft demand and advancements in traditional aircrafts. ...... Read More |
November 19, 2024 |
Automotive Speaker Market worth $12.92 billion in 2029According to a research report "Automotive Speaker Market by Type (Component, Coaxial, Subwoofer), Vehicle (Passenger, Commercial, Two-wheeler), Installation (Door, Dashboard, Rear Deck), Technology (Bluetooth & Wireless Connectivity, Smart Speakers, Multi-zone) - Global Forecast to 2029" published by MarketsandMarkets, the global automotive speaker industry is expected to reach USD 12.92 billion in 2029 from USD 9.49 billion in 2024, at a CAGR of 6.4% during the forecast period. Car speakers are meant to improve the car's audio experience and deliver clearer bass, midrange, and treble sounds. They are designed specifically to withstand the harsh conditions of the automotive environment, including adverse vibrations, temperature variations, and humidity, while simultaneously delivering high-fidelity sound and good durability. Advanced materials increase clarity and minimize distortion in the sound, including polypropylene cones and neodymium magnets. Given the vigorous drive for high quality by consumers, manufacturers are expanding on innovation to bring powerful units in line with the constantly evolving preferences of modern vehicle owners. ...... Read More |
November 19, 2024 |
Hybrid UAV Market worth $1,705.0 million by 2030According to a research report "Hybrid UAV Market by Type (STOL UAV, Multirotor UAV, Lift + Cruise UAV), Industry (Commercial, Defense & Government), Propulsion (Hybrid Electric, Fuel cell), Endurance (Short, Medium, Long), Power and Region - Global Forecast to 2030" published by MarketsandMarkets, the Hybrid UAV Market is estimated to be USD 760.7 million in 2024 and is projected to reach USD 1705.0 million by 2030, at a CAGR of 14.4% between 2024 and 2030. ...... Read More |
November 15, 2024 |
Plastic Injection Molding Machine Market worth $14.78 billion by 2030The report "Plastic Injection Molding Machine Market by Machine Type (Hydraulic, All-Electric, Hybrid), Clamping Force (0-200, 201-500, Above 500), End-Use Industry (Packaging, Automotive, Consumer Goods, Packaging, Healthcare), and Region - Global Forecast to 2030", size was USD 11.98 billion in 2024 and is projected to reach USD 14.78 billion by 2030, at a CAGR of 3.56%, between 2024 and 2030. ...... Read More |
November 15, 2024 |
Gene Editing Market worth $7.59 billion in 2029The report "Gene Editing Market by Product (Kits, Reagents, Libraries, Software), Services (gRNA Synthesis & Vector Construction), Technique (Knock-Out, Knock-In), Technology (CRISPR, ZFN, TALEN), Application (Genome Editing, Drug Discovery) - Global Forecast to 2029"gene editing market is expected to reach USD 7.59 billion in 2029 from USD 4.66 billion in 2024, at a CAGR of 10.2% during the forecast period. Advancements in gene editing technologies, and the expanding range of gene editing applications are driving the growth of the gene editing market. However, difficulties in scalability and manufacturing, pose significant hurdles to the market. ...... Read More |
November 15, 2024 |
Healthcare IT Market worth $834.35 billion by 2029The report "Healthcare IT Market by Solution (Provider, Payer; Clinical (EHR, PHM, PACs & VNA, Telehealth, RCM, CDSS); Nonclinical (Analytics, Pharmacy, Interoperability), Service (Claim, Billing, Supply), End user (Hospital, Payer) - Global Forecast to 2029 ", is expected to reach USD 834.35 billion by 2029 from USD 420.23 billion in 2024, at a CAGR of 14.7% during 2024–2029. ...... Read More |
November 14, 2024 |
Satellite Communication (SATCOM) Equipment Market worth $41.51 billion by 2029The report "Satellite Communication (SATCOM) Equipment Market by Solution (Product (Antennas, Transceivers, Power Amplifiers, Converters), Service (Engineering)), Platform, Type, Vertical, Frequency, Connectivity, and Region - Global Forecast to 2029", SATCOM equipment market is valued at USD 24.27 billion in 2024 and is projected to reach USD 41.51 billion by 2029, at a CAGR of 11.3% from 2024 to 2029. ...... Read More |
November 14, 2024 |
Shore Power Market worth $3.58 billion by 2029According to a research report "Shore Power Market by Installation Type (Shoreside, Shipside), Connection (New Installation, Retrofit), Component (Transformer, Switchgear, Frequency converter, Cables and Accessories), Power Output) - Global Forecast to 2029" published by MarketsandMarkets, The global shore power market is highly gaining growth. Estimated to be at USD 2.03 billion in the year 2024, it may reach USD 3.58 billion during 2029 with a robust CAGR of about 12.0% over the projected period. This growth is mainly driven by a higher demand for renewals in the maritime sector in order to reduce carbon emissions from docked ships, and therefore stricter regulations by the government to protect the environment. Higher investments in port infrastructure and alternative renewable energy sources entry are also adding up to the adoption of the shore power system. Among these are automation, smart grids, and energy management systems that are deployed to optimize shore power operations by improving energy efficiency and minimizing the costs associated with its operations. These benefits have propelled shore power systems from being ecologically and economically unfeasible to become the core part of transition to cleaner and more efficient port operations everywhere around the world. ...... Read More |
November 14, 2024 |
Bubble Generator Market worth $1.8 billion by 2029The report "Bubble Generator Market by Type (Micro, Fine, Nano), Technology, Function, End-user (Water & Wastewater Treatment, Agriculture & Aquaculture, Food & Beverage, Chemicals, Power Generation, Mining & Mineral Processing), and Region - Global Forecast to 2029", size is projected to grow from USD 1.3 billion in 2024 to USD 1.8 billion by 2029, registering a CAGR of 6.8% during the forecast period. Bubble generators have useful features that improve their performance and relevance across industries. They can create micro bubbles and nano bubbles, which are much smaller than this kind of bubbles usually seen as small as nanometers to micrometers in diameter. This small size is suitable for high gas solubility and a long durability, and they are well used in water treatment, aquaculture, food preservation among others. The technology of bubble generators may require specific devices, including circulating – water-gas, or pressure dissolution to create and distribute bubbles in liquids. Further, these generators can be used in an energy efficient manner thanks to their design and can produce much better performance compared to the large bubbles. They can be used in various fields that include pharmaceutical where can be used for drug delivery and in diagnostic field, environmental uses where can be used for of pollutants and for increasing oxygen content. ...... Read More |
November 14, 2024 |
Satellites Industry worth $35.95 billion by 2030The report "Satellites Market by Satellite Mass (Small, Medium, Large), Application (Communication, Earth Observation & Remote Sensing), Orbit (LEO, MEO, GEO), End User, Sub-systems, Frequency and Region - Global Forecast to 2030", is estimated to be USD 17.94 billion in 2024 and is projected to reach USD 35.95 billion by 2030 at a CAGR of 12.3% from 2024 to 2030. ...... Read More |
November 13, 2024 |
Vector Control Market worth $29.80 billion by 2029According to a research report "Vector Control Market by Technology (Chemical, Physical & Mechanical, Biological), Control Method (Comprehensive, Integrated Vector Management, Targeted), Vector Type, End-Use Sector, Mode of Application and Region - Global Forecast to 2029" published by MarketsandMarkets, the vector control market is estimated at USD 21.72 billion in 2024 and is projected to reach USD 29.80 billion by 2029, at a CAGR of 6.5% from 2024 to 2029. ...... Read More |
November 13, 2024 |
AI in Supply Chain Market worth $40.53 billion by 2030According to a research report "AI in Supply Chain Market by Application (Demand Planning & Forecasting, Supply Chain Risk Management, Inventory Management, Warehouse & Transportation Management), Services (Professional, and Managed), Software - Global Forecast to 2030" published by MarketsandMarkets, the AI in supply chain market is projected to grow from USD 9.15 billion in 2024 and is expected to reach USD 40.53 billion by 2030, growing at a CAGR of 28.2% from 2024 to 2030. ...... Read More |
November 13, 2024 |
Phosphate Market worth $219.74 billion by 2029The report "Phosphate Market by Type (Phosphoric Acid, Ammonium, Calcium, Sodium, Potassium), Type of Resource (Sedimentary Marine Deposits, Igneous and Weathered), Application (Fertilizers, Animal Feed, Food Additives), and Region - Global Forecast to 2029", size was USD 180.99 billion in 2024 and is projected to reach USD 219.74 billion by 2029, at a CAGR of 3.9%, between 2024 and 2029. ...... Read More |
November 13, 2024 |
Genomics Market worth $66.85 billion in 2029The report "Genomics Market by Product (Kits, Consumables, Instruments), Services (Bioinformatics), Technology (Sequencing, PCR, ISH), Study Type (Epigenomics, Functional Genomics), Application (Drug Discovery, Diagnostic, Agriculture) - Global Forecast to 2029", is expected to reach USD 66.85 billion in 2029 from USD 42.64 billion in 2024, at a CAGR of 9.4% during the forecast period. Growing investment in genomics mainly drives growth in the market; other factors include the expansion of the population genomics initiative and rising focus on rare and genetic diseases. However, the cost constraints related to genomics testing will likely hamper market growth. ...... Read More |
November 13, 2024 |
Autonomous Construction Equipment Market worth $9.77 billion by 2030According to a research report "Autonomous Construction Equipment Market by Equipment (Dozers, Dump Trucks, Loaders, Excavators, Haul Trucks, & Compactors), Level of Automation (Semi & Fully Autonomous), Propulsion, Application, Power Output & Region - Global Forecast to 2030" published by MarketsandMarkets, the autonomous construction equipment market is projected to grow from USD 4.40 billion in 2024 to USD 9.77 billion by 2030, at a CAGR of 14.2% from 2024 to 2030. ...... Read More |
November 12, 2024 |
Artificial Intelligence in Drug Discovery Market worth $6.89 billion by 2029The report "Artificial Intelligence in Drug Discovery Market by Process (Target, Lead), Use Case (Design & Optimisation: Vaccine, Antibody; Disease understanding, PK/PD), Therapy (Cancer, CNS, CVS), Tool (ML:DL (CNN, GAN)), End User & Region - Global Forecast to 2029 ", is expected to reach USD 6.89 billion by 2029 from USD 1.86 billion in 2024, at a CAGR of 29.9 % during 2024–2029. ...... Read More |
November 12, 2024 |
Small Modular Reactor Market worth $7.14 billion by 2030According to a research report "Small Modular Reactor Market by Type (HWR, LWR, HTR, FNR, MSR), Application (Power Generation, Desalination, Hydrogen Production, Industrial), Deployment (Single, Multi), Connectivity, Location, Coolant, Power Rating Region - Global Forecast to 2030" published by MarketsandMarkets, Small modular reactor market is anticipated to grow from estimated USD 6.00 billion in 2024 to USD 7.14 billion by 2030, at a CAGR of 3.0% during the forecast period. The growth in the market will be attributed to the the growing demand for clean, reliable energy and the need for greater flexibility in power generation. Their compact design allows for easier construction and quicker commissioning, which can help reduce capital costs compared to traditional large-scale reactors. Additionally, advancements in safety features and the potential for integration with renewable energy sources enhance their appeal in the transition to a low-carbon economy. ...... Read More |
November 12, 2024 |
Refrigeration Coolers Industry worth $5.74 billion by 2029According to a research report "Refrigeration Coolers Market by Offering (Condensers, Compressors, Evaporators, Air Cooler), Mobility (Stationary, Portable), Refrigerant Type (Ammonia, Carbon Dioxide, HFC/HFO, Propane, Glycol, Brine, Hydrocarbon Blends) - Global Forecast to 2029" published by MarketsandMarkets, the global refrigeration coolers market is expected to be valued at USD 4.19 billion in 2024 and is projected to reach USD 5.74 billion by 2029; it is expected to grow at a CAGR of 6.5 % from 2024 to 2029. The rising demand for refrigeration coolers can be attributed to increasing investments in refrigerated warehouses/cold storage, rising demand for frozen and processed foods worldwide, rising demand for innovative and compact refrigeration coolers, and growing adoption of natural refrigerant-based systems due to stringent regulatory policies. The scope of the said market includes three popular product types: condensers, compressors, and evaporators & air coolers. ...... Read More |
November 12, 2024 |
Energy Recovery Ventilator Core Market worth $1.56 billion by 2030The report "Energy Recovery Ventilator Core Market by Material Type (Engineered Resin, Fibrous Paper, Aluminum, Stainless Steel), Shape (Square, Diamond, Hexagon, Wheel), Flow Type (Counter-flow and Crossflow) and Region - Global Forecast to 2030", is projected to grow from USD 1.01 billion in 2024 to USD 1.56 billion by 2030, at a CAGR of 7.4% during the forecast period. Major factors contributing to the growth of the energy recovery ventilator core market include a heightened focus on indoor air quality driven by climate change. The rise in global temperatures is also significantly boosting demand for recovery ventilator cores. Moreover, the boost in the construction of commercial and residential buildings in developing regions like China, India, and others is anticipated to create substantial growth opportunities for the market. ...... Read More |
November 12, 2024 |
Unmanned Systems Industry worth $43.54 billion by 2030According to a research report "Unmanned Systems Market by Type (Unmanned Aerial Vehicle, Unmanned Marine Vehicle, Unmanned Ground Vehicle), Application (Defense, Government & Law Enforcement, Commercial, Consumer, Other), Mode of Operation and Region - Global Forecast to 2030" published by MarketsandMarkets, the unmanned systems market is projected to reach USD 43.54 billion by 2030, from USD 27.13 billion in 2024, at a CAGR of 8.2%. The growth of the unmanned systems market is driven by several factors, including the rising demand for Autonomous Systems. In the defense industry, autonomous technologies provide enhanced operational capabilities with reduced risk to human lives. Militaries are increasingly relying on unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and maritime drones for surveillance, reconnaissance, and combat missions. These systems offer advantages such as extended endurance, faster decision-making, and the ability to operate in dangerous environments without direct human intervention. The need for more efficient, flexible, and resilient systems to address complex, modern-day threats is pushing governments to heavily invest in these technologies. ...... Read More |
November 11, 2024 |
Video as a Sensor Industry worth $101.89 billion by 2029The report "Video as a Sensor Market by Camera Type (IP, Thermal, Machine Vision, Hyperspectral), Sensor (Image Motion, Infrared), Product Type (Video Surveillance, Thermal Imaging, Hyperspectral Imaging, Machine Vision & Monitoring) - Global Forecast to 2029" The global video as a sensor market is projected to reach USD 101.89 billion by 2029 from USD 69.52 billion in 2024; it is expected to grow at a CAGR of 7.9%. ...... Read More |
November 11, 2024 |
Food Certification Market worth $7.72 billion by 2029According to a research report "Food Certification Market by Certification Type (Safety & Quality Certifications, Dietary & Lifestyle Certification), Application, End-User, Certification Scope, Price Sensitivity and Region - Global Forecast to 2029" published by MarketsandMarkets, the food certification market is estimated to be worth USD 5.85 billion in 2024 and is projected to reach USD 7.72 billion by 2029, at a CAGR of 5.7% during the forecast period. ...... Read More |
November 11, 2024 |
Synthetic Biology Market worth $31.52 billion in 2029The report "Synthetic Biology Market by Tools (Oligonucleotides, Enzymes, Synthetic Cells), Technology (Sequencing, Bioinformatics), Applications (Drug Discovery, Tissue Regeneration, Biofuel, Food, Agriculture, Consumer Care, Environmental) - Global Forecast to 2029", is estimated to expand to a value of USD 31.52 billion in 2029 from USD 12.33 billion in 2024, with a significant CAGR of 20.6%. Some of the prominent factors driving the growth of the market are the rising demand for bio-based products and rising funding in R&D and collaborations. Furthermore, Advancements in synthetic biology and the diverse applications of synthetic biology are expected to provide lucrative market growth. The demand for synthetic DNA and oligonucleotides is growing, driven by diversified applications in research, diagnostics, and therapeutic development. This factor is likely to contribute to the growth of synthetic biology, particularly in the healthcare and biotechnology field. ...... Read More |
November 11, 2024 |
Reverse Osmosis (RO) Membrane Market worth $5.11 billion by 2029The report "Reverse Osmosis (RO) Membrane Market by Type (Thin Film Composite Membranes; Cellulose Based Membranes), End-Use Industry (Water & Wastewater Treatment; Industrial Processing), Filter Module, Application, & Region - Global Forecast to 2029", is projected to reach USD 5.11 billion by 2029, At A CAGR Of 6.5% From USD 3.73 billion in 2024. ...... Read More |
November 11, 2024 |
Logistics Automation Market worth $52.53 billion by 2029According to a research report "Logistics Automation Market by Offering (Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Automated Storage & Retrieval Systems, Conveyors, Warehouse Management Systems), Technology (RPA, Big Data, Blockchain) - Global Forecast to 2029" published by MarketsandMarkets, the market size for logistics automation is projected to increase from USD 35.14 billion in 2024 to USD 52.53 billion in 2029, with an 8.4% CAGR throughout the forecast period. The increasing need for quicker and more effective supply chain processes, driven by the growth of e-commerce and omnichannel retailing, is fueling the expansion of the logistics automation market. Progress in robotics, artificial intelligence, and IoT technologies is allowing for more accurate and expandable automation solutions. Labor shortages and increasing labor expenses are pushing companies even more towards automating repetitive tasks. ...... Read More |
November 8, 2024 |
Generator Market worth $32.98 billion by 2030According to a research report "Generator Market by Fuel Type (Diesel, Gas, LPG, Biofuels), Power Rating (Up to 50 kW 51–280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Application, End-User Industry, Design, Sales Channel, Region - Global Forecast to 2030" published by MarketsandMarkets, the generator market is forecast to reach USD 32.98 billion by 2030 from an estimated USD 24.11 billion in 2024, at a CAGR of 5.4% during the forecast period (2024-2030). ...... Read More |
November 8, 2024 |
Physiotherapy Equipment Industry worth $27.03 billion by 2029, with a CAGR of 6.1%The report "Physiotherapy Equipment Market by Product (Equipment, Accessories), Application (Musculoskeletal, Neurological, Cardiovascular & Pulmonary, Pediatric & Gynecological Application), End User, Region - Global Forecast to 2029", is projected to reach USD 27.03 billion by 2029 from USD 20.13 billion in 2024, at a CAGR of 6.1% during the forecast period. The market growth drivers include several key factors. First, the physiotherapy equipment demand is rising due to lifestyle-related factors such as obesity, diabetes, smoking, and an aging population. And conditions such as arthritis, joint injuries, strokes, Chronic Obstructive Pulmonary Disease (COPD) and fractures among others lead the way to increasing demand of physiotherapy equipments such as electrotherapy equipment, ultrasound equipment, laser therapy equipment. Technological advancements such as robotics, exoskeletons, gait trainers and wearable devices also benefit the market, leading to enhanced patient outcomes and improved treatment outcomes. ...... Read More |
November 8, 2024 |
Image Sensors Industry worth $29.62 billion by 2029The report "Image Sensors Market by Technique (2D,3D), Type (CMOS, CCD, Hybrid), Imaging (Digital, Infrared), Array (Linear, Area Scan), Spectrum (Visible, Non-visible), Technology (Shutter, Time of Flight), Resolution (1.3-3, 5-10, 12-16) - Global Forecast to 2029" The global image sensor market is expected to be valued at USD 20.66 billion in 2024 and is projected to reach USD 29.62 billion by 2029, growing at a CAGR of 7.5% from 2024–2029.Additions to existing applications in various industries and technological advancements in image sensor product offerings are key factors driving the expansion of the image sensor market. Restraints such as High Manufacturing costs hinder market growth. However, factors such as Integration with other technologies provide lucrative opportunities for market players in the coming years. ...... Read More |
November 8, 2024 |
Battery Coating Market worth $1,613.6 million by 2030The report "Battery Coating Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating), Material Type (PVDF, Ceramic, Alumina, Oxide, Carbon), and Region (Asia Pacific, North America, Europe, ROW) - Global Forecast to 2030", The global battery coating market is projected to grow from USD 604.7 million in 2024 to USD 1,613.6 million by 2030, at a CAGR of 17.8% during the forecast period. The battery coating market has been increasing because of an increasing number of Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), Fuel Cell Electric Vehicles (FCEVs), and Extended Range Electric Vehicles (EREVs). As EV adoption grows and industries like renewable energy storage and consumer electronics expand, the need for advanced battery technologies, including innovative coating solutions, continues to rise. ...... Read More |
November 8, 2024 |
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