The global functional safety market is expected to grow from USD 5,883.4 million by 2024 to USD 7,896.7 million by 2029, at a compound annual growth rate (CAGR) of 6.1% during the forecast period.The key players Schneider Electric (France), ABB (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation (US), Yokogawa Electric Corporation (Japan), HIMA (Germany), Omron Corporation (Japan), Siemens (Germany), and General Electric (US).
The global IVD reagents market growth is primed to transition from USD 60.4 million in 2024 to USD 87.4 million by 2029, showcasing a strong CAGR of 7.7%. Growth in this market can be attributed to the rapidly increasing geriatric population in Asian countries and the increasing number of hospitals and clinical diagnostic laboratories.
The fragrance ingredients market is projected to reach USD 21.94 billion by 2029, at a CAGR of 5.1% during the forecast period. Key players operating in the fragrance ingredients market include BASF (Germany), MANE SA (France), dsm-firmenich (Switzerland), Givaduan (Switzerland), International Flavors and Fragrances (US), Sensient Technologies (US), Takasago International Corporation (Japan), Robertet Fragrances, Inc (France), Kao Checmicals (Japan), and Symrise (Germany). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.
The global Al in medical diagnostics market growth is primed to transition from USD 1.71 billion in 2024 to USD 4.72 billion by 2029, showcasing a strong CAGR of 22.5%. Growth in the AI in medical diagnostics market is primarily driven by the growing demand for AI tools, increasing focus on reducing the workload of radiologists, influx of large & complex datasets, funding for AI-based startups, and growing cross-industry partnerships & collaborations.
The global animal genetics market growth is primed to transition from USD 2.97 billion in 2024 to USD 4.19 billion by 2029, showcasing a strong CAGR of 7.1%. Market growth is largely driven by factors such as the increasing consumption of animal-derived protein, growing global population & rapid urbanization, growing customer awareness, increasing demand for companion animals, focus on superior breeds, and an emphasis on genetic services to prevent genetic diseases & business loss.
The global self-driving car market is projected to reach 76,217 thousand units by 2035 at a CAGR of 6.8% during the forecast period. The major players in the self-driving cars market include Toyota Motor Corporation (Japan), Tesla (US), BYD Co., Ltd. (China), Volkswagen Group (Germany), Ford Motor Company (US), Hyundai Motor Group (South Korea). These companies offer self-driving feature-enabled vehicles and have strong global distribution networks. Companies are also actively launching new products to expand their market presence. Tesla (US) launched a robotaxi named Cybercab in October 2024. Similarly, in May 2024, Ford Motor Company (US) started supervised autonomous driving trials in Phoenix, leveraging its 4th generation of self-driving test vehicles built on the Escape platform.
The service robotics market is expected to grow from USD 47.10 billion in 2024 to USD 98.65 billion by 2029, at a compound annual growth rate (CAGR) of 15.9% during the forecast period. The key players Intuitive Surgical Operations, Inc. (US), DJI (China), Daifuku Co., Ltd. (Japan), JD.com, Inc. (China), and iRobot Corporation (US).
The ceramic sanitary ware market is expected to grow from USD 34.36 billion in 2024 to USD 45.33 billion by 2029, at a CAGR of 5.7% during the forecast period. The key players profiled in the report include Geberit AG (Switzerland), LIXIL Corporation (Japan), Villeroy & Boch AG (Germany), RAK Ceramics (UAE), TOTO Ltd. (Japan), Roca Sanitario S.A.U. (Spain), Huida Sanitary Ware Co., Ltd. (China), Hindware Home Innovation Limited (India), Duravit AG (Germany), Kohler Co. (US), Saudi Ceramics (Saudi Arabia), CERA Sanitaryware Limited (India), and among others.
The gas-insulated switchgear market is projected to reach USD 33.53 billion by 2029. The projected CAGR during the said period stands at 6.1% during the forecast period. Key players in the global gas insulated switchgear market include ABB (Switzerland), Hitachi Ltd. (Japan), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).
The AI in energy market is projected to reach USD 58.66 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 36.9 % during the same period. The major vendors covered in the AI in energy market are Schneider Electric SE (France), GE Vernova (US), ABB Ltd (Switzerland), Honeywell International (US), Siemens AG (Germany), AWS (US), IBM (US), Microsoft (US), Oracle (US), Vestas Wind Systems A/S (Denmark), Atos zData (US), C3.ai (US), Tesla (US), Alpiq (Switzerland), Enel group (Italy), Origami Energy (UK), Innowatts (US), Irasus technologies (India), Grid4C (US), Uplight (US), GridBeyond (Ireland), eSmart Systems (Norway), Ndustrial (US), Datategy (France), Omdena (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the AI in energy market.
The global human organoids market growth is primed to transition from USD 1.19 billion in 2024 to USD 2.33 billion by 2029, showcasing a strong CAGR of 14.4%. The main factor driving this market is the rising demand for organoids in drug testing, as they provide more reliable results than conventional 2D cell cultures.
The global Future of Factories
The electronic shelf labels market is expected to grow from USD 2.34 billion in 2024 to USD 4.18 billion by 2029, at a compound annual growth rate (CAGR) of 12.3% during the forecast period.The key players VusionGroup (France), SOLUM (South Korea), Pricer (Sweden), Displaydata Ltd. (UK), Teraoka Seiko Co., Ltd. (Japan), M2COMM (Taiwan), Opticon (Netherlands), PARTRON ESL (South Korea), Shanghai SUNMI Technology Co., Ltd. (China), Hanshow (China), Dalian Sertag Technology Co., Ltd. (China).
The global cloud AI market is projected to reach USD 327.15 billion by 2029 at a CAGR of 32.4 % during the forecast period. Some of the significant cloud AI vendors include Google (US), IBM (US), AWS (US), Microsoft (US), Oracle (US), NVIDIA (US), Salesforce (US), SAP (Germany), Alibaba Cloud (China), HPE (US), and Intel (US).
The global orthopedic implants market growth is primed to transition from USD 20.94 billion in 2024 to USD 26.47 billion by 2029, showcasing a strong CAGR of 4.8%. Market growth can be attributed to factors such as increasing prevalence of orthopedic disorders, Increasing demand for minimally invasive orthopedic surgical procedures, and rising number of sport injuries