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Home › Press Releases
Press Releases
Title | Date |
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Veterinary Ultrasound Market worth $539 million in 2029The report "Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Product (Portable Scanners), Technology (Digital, Contrast), Animal Type (Small, Large), Application (Obstetrics, Cardiology, Orthopedic), End User (Clinics, Hospitals) - Global Forecast to 2029", global veterinary ultrasound market is projected to reach 539 million in 2029 from USD 385 million in 2024, at a CAGR of 7.0 % between 2024 and 2029. ...... Read More |
June 28, 2024 |
Painting Robot Industry worth $5.8 billion by 2029The report "Painting Robot Market by Mounting Type (Floor Mounted, Wall Mounted, Rail Mounted), Robot Type (Articulated, Cartesian, Scara, Collaborative), Function ,Payload, Reach, Paint Applicator, End-user Industry and Region - Global Forecast to 2029" The Painting Robot market is projected to grow from USD 3.1 billion in 2024 and is estimated to reach USD 5.8 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.1% from 2024 to 2029. The growth of the Painting Robot market is driven by increasing preference for automated painting solutions in aerospace, furniture, and construction industries, integration of advanced technologies such as machine learning, computer vision, and artificial intelligence. ...... Read More |
June 28, 2024 |
CCUS Absorption Market worth $1.7 billion in 2030The report "CCUS Absorption Market by Absorption Type (Chemical Absorption, Physical Absorption), End-Use Industry (Oil & Gas, Power Generation, Chemical & Petrochemical, Cement, Iron & Steel), and Region - Global Forecast to 2030", is expected to grow at an average CAGR of 26.5%, from USD 0.4 billion in 2024 to USD 1.7 billion in 2030. The implementation of CCUS absorption by industries is being driven by government support and policy initiatives. In the UK, the government has announced significant public funding for new CCUS projects and is adopting a three-pronged approach, including policy support, industrial hubs with shared CO2 transport and storage infrastructure, and investment in technology innovation. China has been building its domestic CCUS technology capacity since 2007 and has undertaken industry-level pilot projects for carbon capture technologies. India has also set out a roadmap for the adoption of CCUS, involving collaboration between industry partners and the government. These government-led initiatives are crucial for accelerating the deployment of CCUS technologies in various industries. ...... Read More |
June 28, 2024 |
Future of Automotive industry worth 104 million units by 2030According to a research report "Future Of Automotive Industry Covers Original Equipment Manufacturer (OEM) Landscape, Connected Vehicles, Autonomous Driving Technologies, Electric Vehicles (Evs), Innovations In Battery Technology, Powertrains and Shared Mobility - Global Forecast 2030" published by MarketsandMarkets, the automotive industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%. ...... Read More |
June 27, 2024 |
Visual Cloud Industry worth $237.2 billion by 2029According to a research report "Visual Cloud Market Size, Share, Growth Analysis, by Solutions (Video Processing, AR/VR Solutions, Cloud Gaming, Enterprise Video), Service Model (IaaS, PaaS, SaaS), Service (Professional Services and Managed Services) - Global Industry Forecast to 2029" published by MarketsandMarkets, the global visual cloud market will grow from USD 126.0 billion in 2024 to USD 237.2 billion by 2029 at a compounded annual growth rate (CAGR) of 13.5% during the forecast period. The emergence of visual clouds such as CDN, video streaming, and other interactive media application solutions is shifting the vendors’ landscape. Today’s environment experiences an increasing need for high-quality, low-latency video services because of remote working, online classes, and entertainment. AWS, Google Cloud, and Microsoft Azure are the leading platform providers with scalable cloud infrastructure to facilitate efficient content delivery and real-time processing. Specific suppliers, including NVIDIA, offer powerful GPU features for rendering and AI-based graphics outputs. These technologies allow efficient and flexible organization of visual data, which is crucial for various purposes, including gaming and telemedicine. ...... Read More |
June 27, 2024 |
Battery Management System Industry worth $22.0 billion by 2029The report "Battery Management System Market by Type (Motive & Stationary Batteries), Battery Type (Lithium- ion, Lead-acid, Nickel-based, Solid-state, Flow batteries), Topology (Centralized, Distributed, & Modular), Application & Region - Global Forecast to 2029" The global battery management system (BMS) industry is poised for substantial growth, forecasted to surge from USD 9.1 billion in 2024 to USD 22.0 billion by 2029, reflecting a CAGR of 19.3%. A battery management system (BMS) serves as a crucial electronic device responsible for overseeing and regulating the operations of rechargeable batteries. ...... Read More |
June 27, 2024 |
In-flight Entertainment & Connectivity Industry worth $11.7 billion by 2029The report "In-flight Entertainment & Connectivity Market by Offering (IF Entertainment. IF Connectivity), Class (First, Business, Premium Economy, Economy), Platform (Narrow-body Aircraft, Wide-body Aircraft, Business Jet), End Use - Global Forecast to 2029" The In-flight Entertainment and Connectivity market is estimated to be USD 8.6 billion in 2024 and is projected to reach USD 11.7 billion by 2029, at a CAGR of 6.3% from 2024 to 2029. Rising passenger demands for top-tier entertainment and dependable connectivity during flights are pushing airlines to enhance their investment in IFEC systems. Travelers now look for uninterrupted internet access, diverse entertainment selections, and content tailored to their preferences. ...... Read More |
June 27, 2024 |
Process Oil Market worth $5.6 billion by 2029The report "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Non-carcinogenic), Function (Extender Oil, Plasticizer, Solvent, Defoamer), Production Technology (Convention Route, Gas to Liquid, Bio-based), Application, and Region-Global Forecast to 2029", is projected to grow from USD 5.2 billion in 2024 to USD 5.6 billion by 2029, at a CAGR of 1.7% during the forecast period. Growing industrialization and manufacturing activities worldwide are driving the demand for process oils, as they enhance the durability and performance of products such as rubber, plastics, and adhesives. Increasing environmental awareness and regulatory pressures are boosting the demand for bio-based process oils. Additionally, the expanding automotive and construction sectors are fueling the demand for high-quality process oils to improve the longevity and efficiency of machinery and components. Growing preference for non-carcinogenic process oils in the tire & rubber application. ...... Read More |
June 27, 2024 |
Urinalysis Market worth $6.8 billion by 2029The report "Urinalysis Market by Product (Consumables (Pregnancy & Fertility Kits, Dipsticks, Disposable, Reagents), Instruments (Automated, Semi-automated, PoC Analyzers)), Test Type (Biochemical, Sediment), Application (UTI, Diabetes) - Global Forecast to 2029", is valued at an estimated USD 4.3 billion in 2024 and is projected to reach USD 6.8 billion by 2029 at a CAGR of 9.6% during the forecast period. ...... Read More |
June 26, 2024 |
Crop Protection Chemicals Industry worth $101.0 billion by 2029According to a research report "Crop Protection Chemicals Market by Type (Herbicides, Insecticides, Fungicides & Bactericides), Origin (Synthetic & Biopesticides), Form, Mode of Application (Foliar, Seed Treatment, Soil Treatment), Crop Type and Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for crop protection chemicals is estimated at USD 79.3 billion in 2024 and is projected to reach USD 101.0 billion by 2029, at a CAGR of 5.0% during the forecast period. According to the Centre for Agriculture and Bioscience International (CABI), approximately 40% of global crop yields are lost annually due to pests, pathogens, and weeds, including the destructive Fall armyworm (FAW). This threat, intensified by climate change, poses significant risks to essential crops like maize, wheat, banana, and coffee, impacting household incomes, national economies, and global food security. Such challenges underscore the critical role of effective crop protection solutions in mitigating these risks. The demand for crop protection chemicals is therefore bolstered as farmers seek reliable methods to combat pests and diseases, ensuring stable yields and safeguarding agricultural production. This market growth is driven by the necessity for advanced formulations and technologies that can efficiently manage evolving pest pressures while supporting sustainable agricultural practices. As such, the ongoing need to protect crops from a wide array of threats continues to drive innovation and investment in the crop protection chemicals sector globally. ...... Read More |
June 26, 2024 |
Smart Infrastructure Industry worth $2,109.5 billion by 2029According to a research report "Smart Infrastructure Market Size, Share, Growth Analysis, By Offering, Focus Area (Smart Transportation, Smart Buildings, Smart Utilities, Smart Government), End User (Commercial, Residential, Industrial) and Region - Global Forecast to 2029" published by MarketsandMarkets, the smart infrastructure market is projected to grow from USD 923.0 billion in 2024 to USD 2,109.5 billion by 2029 at a CAGR of 18.0% during the forecast period. Governments around the world are implementing policies and regulations to promote the development and adoption of smart infrastructure. This includes initiatives to improve transportation systems, enhance energy efficiency, and create smarter, more resilient cities. ...... Read More |
June 26, 2024 |
Modular Automation Industry worth $7.0 billion by 2029The report "Modular Automation Market by Type (Modular Type Packages, Modular DCS), Mobility (Semi-automatic, Fully Automatic), Component (Robot Controllers, I/O Modules, Drives & Motors, Sensors & Actuators, Safety), End-user Industry - Global Forecast to 2029" The Modular Automation Market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2029, at a CAGR of 7.9% from 2024 to 2029. The market's growth is propelled by increasing demand for flexible manufacturing processes, cost efficiency, and the ability to quickly adapt to changing production needs. Technological advances and the push for Industry 4.0 integration are also driving adoption. ...... Read More |
June 26, 2024 |
Industrial Software Industry worth $46.6 billion by 2029The report "Industrial Software Market by Type (Manufacturing Execution System, SCADA, Human Machine Interface, Robotic Software, Fault Detection and Classification, Al in manufacturing, Industrial Metrology), End-use (Process, Discrete) - Global Forecast to 2029" The global industrial software industry is expected to be valued at USD 21.5 billion in 2024 and is projected to reach USD 46.6 billion by 2029; it is expected to grow at a CAGR of 16.7 % from 2024 to 2029. The industrial software market is propelled by several key factors driving smart manufacturing and intelligent factory initiatives globally. Adopting Industry 4.0 technologies such as IoT, AI, big data analytics, and cloud computing is pivotal in enhancing operational efficiency and agility. Industrial software solutions like MES, SCADA, and HMI systems optimize production processes by providing real-time monitoring, resource management, and workflow automation, reducing downtime and improving productivity. ...... Read More |
June 25, 2024 |
AVAS Market worth $1.7 billion by 2030According to a research report "AVAS Market by Propulsion Type, Vehicle Type (Passenger Cars, Commercial Vehicles), Electric 2-Wheeler (E-scooter/Moped, E-motorcycle), Sales Channel, Mounting Position (Integrated, Separated) and Region - Global Forecast to 2030" published by MarketsandMarkets, the global AVAS market is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%. ...... Read More |
June 25, 2024 |
ModelOps Market worth $29.5 billion by 2029According to a research report "ModelOps Market by Platforms (AutoML, Monitoring & Observability), Model type (Machine Learning, Graph-based), Application (Dashboard & Reporting, CI/CD, Governance, Risk & Compliance, Batch Scoring, Monitoring & Alerting) - Global Forecast to 2029" published by MarketsandMarkets, the market for modelOps is estimated to grow from USD 5.4 billion in 2024 to USD 29.5 billion in 2029, at a CAGR of 40.2% during the forecast period. ModelOps is revolutionizing the market by optimizing machine learning models' deployment, management, and governance. It accelerates time-to-market, enhances scalability across diverse environments, ensures compliance and transparency through standardized practices, fosters collaboration among teams, enables continuous monitoring for performance and security, reduces costs, manages risks effectively, and supports agile adaptation to evolving business needs. This holistic approach transforms organizations' operationalization of AI, making their data science initiatives more efficient, reliable, and impactful. ...... Read More |
June 25, 2024 |
Offshore Support Vessel Market worth $36.3 billion by 2029According to a research report "Offshore Support Vessel Market by Technology (AHTS, PSV, MPSV, Standby & Rescue Vessels, Crew Vessels, Chase Vessels, Seismic Vessels), Application (Shallow water, Deepwater), End-user Industry, Material, Fuel Type and Region - Global Forecast to 2029" published by MarketsandMarkets, the global Offshore Support Vessel Market is projected to reach USD 36.3 billion by 2029 from an estimated USD 25.6 billion in 2024, at a CAGR of 7.2% during the forecast period. The global offshore support vessel market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government policies and incentives and technological advancements among others. The rising global demand for energy, particularly from developing countries, pushes the need for increased offshore exploration and production, subsequently driving the OSV market. ...... Read More |
June 25, 2024 |
Adhesive Tapes Market worth $107.1 billion by 2029The report "Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Hot-Melt, Water-Based), Backing Material (PP, Paper, PVC), End-use Industry (Packaging, Healthcare, Electric & Electronics, Automotive) Region - Global Forecast to 2029", is projected to reach a market size of USD 107.1 billion by 2029 from USD 85.1 billion in 2024, at a CAGR of 4.7%. Asia pacific is the one of the largest markets for adhesive tapes. the demand for adhesive tapes is experiencing significant growth across various industries, including automotive, packaging, construction, electronics, healthcare, and more. Emerging nations such as China, India, Brazil, and Mexico are expected to play a crucial role in driving the global adhesive tapes market forward. ...... Read More |
June 25, 2024 |
Grease Market worth $7.4 billion by 2029The report "Grease Market by Base Oil (Mineral, Synthetic, Bio-based), Thickener Type (Metallic Soap, Non-soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Agriculture, Mining, Power Generation) - Global Forecast to 2029", size is estimated to be USD 6.2 billion in 2024 and is projected to reach USD 7.4 billion by 2029, at a CAGR of 3.6%, between 2024 and 2029. ...... Read More |
June 25, 2024 |
Drip Irrigation Market worth $8.6 billion by 2029According to a research report "Drip Irrigation Market Report by Component (Emitters/Drippers, Drip Tubes/Drip Mainlines, Filters & Fertilizer Injectors, Fittings & Accessories, Pressure Pumps And Valves), Crop Type, Application, Emitter/Dripper Type, & Region - Global Forecast to 2029" published by MarketsandMarkets, the global drip irrigation market is estimated at USD 5.6 billion in 2024 and is projected to reach USD 8.6 billion by 2029, at a CAGR of 9.0% during the forecast period. The need for drip irrigation is driven by increasing global demand for food security, water scarcity concerns, and the imperative to enhance agricultural productivity sustainably. Drip irrigation addresses these needs by efficiently delivering water and nutrients directly to plant roots, minimizing wastage, and optimizing crop yields. Factors driving the drip irrigation market include advancements in technology such as AI and IoT integration, government incentives promoting water-efficient practices, expansion of commercial farming, and the rising adoption of precision agriculture techniques. These factors collectively propel the growth of drip irrigation systems, meeting the challenges of modern agriculture while ensuring environmental sustainability. ...... Read More |
June 24, 2024 |
Industrial IoT Industry worth $286.3 billion by 2029The report "Industrial IoT Market by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region - Global Forecast to 2029" The industrial IoT market is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Increasing adoption of IPv6, growing adoption of cloud platforms, increased IoT-related government initiatives and R&D activities worldwide, rise in demand for automation in industries, and global rise in internet penetration. ...... Read More |
June 24, 2024 |
Polyoxymethylene Market worth $4.4 billion by 2029The report "Polyoxymethylene Market by Type (Homopolymer, Copolymer), Processing Techniques (Injection molding, Extrusion, Compression molding), Grade, End-use Industries, and Region (North America, Europe, APAC, MEA, & South America) - Global Forecast to 2029", is estimated to be USD 3.5 billion in 2024 and is projected to reach USD 4.4 billion by 2029 at a CAGR of 4.5%. The growth of polyoxymethylene is primarily driven by the increasing demand from the transportation industry. Stringent emissions norms and the growing electronics industry also help propel the demand for polyoxymethylene. Volatile raw material prices become the major restraining factor for the market. Rising demand from the healthcare sector provides opportunities for polyoxymethylene manufacturers. However, the slow rate of crystallization of polyoxymethylene emerges as a challenge for the polyoxymethylene market. ...... Read More |
June 24, 2024 |
Transportation Management System Market worth $40.3 billion by 2029According to a research report "Transportation Management System Market by Offering (Solutions (Planning & Execution, Order Management, Analytics & Reporting, Routing & Tracking), and Services), Transportation Mode, End User, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the transportation management system market is expected to reach USD 40.3 billion by 2029 from USD 16.0 billion in 2024, at a CAGR of 20.2 % during 2024–2029 ...... Read More |
June 24, 2024 |
Vitamin K2 Industry worth $265 million by 2029According to a research report "Vitamin K2 Market by Product Type (MK-4, MK-7), Source (Natural, Synthetic), Form (Capsules & Tablets, Powder & Crystalline, Oils & Liquid), Application (Pharmaceutical, Functional Food & Beverages, Health Supplements), Function - Global Forecast to 2029" published by MarketsandMarkets, the global vitamin K2 market, estimated to be USD 140 million in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 265 million by 2029, indicating a robust compound annual growth rate (CAGR) of 13.7% during the forecast period. ...... Read More |
June 24, 2024 |
No-code AI Platforms Industry worth $24.8 billion by 2029According to a research report "No-Code AI Platforms Market by Technology (NLP, Predictive Analytics, Deep Learning) Automation Platforms (Conversational AI, Business Process Automation), Application (Workflow Automation, Text Translation, Chatbots) - Global Forecast to 2029" published by MarketsandMarkets, the no-code AI platforms market is expected to grow from USD 4.9 billion in 2024 to USD 24.8 billion in 2029, at a CAGR of 38.2% during the forecast period. No-code AI platforms revolutionize AI adoption by enabling businesses without specialized skills to implement projects quickly and affordably. It offers accessibility, speed, and cost-effectiveness, empowering users to deploy predictive analytics, image and speech recognition, chatbots, fraud detection, and supply chain optimization solutions. However, successful deployment requires careful planning to ensure accuracy, reliability, and security. Integration with existing systems can be complex, and users still need basic AI understanding. Despite challenges, these platforms foster innovation by facilitating rapid prototyping and iteration. Overall, the no-code AI platforms democratize AI capabilities across industries, making sophisticated technologies accessible and manageable for organizations of all sizes. ...... Read More |
June 21, 2024 |
Flow Meter Market worth $12.6 billion by 2029The report "Flow Meter Market by Type (Differential Pressure, Positive Displacement, Magnetic (In-line, Insertion, Low Flow), Ultrasonic (Spool piece, Clamp-on, Insertion), Coriolis, Turbine, Vortex), End-use Industry, and Region - Global Forecast to 2029", is projected to reach USD 12.6 billion by 2029, at a CAGR of 6.7% from USD 9.1 billion in 2024. ...... Read More |
June 21, 2024 |
Agricultural Films Market worth $19.5 billion by 2029The report "Agricultural Films Market by Type (LDPE, LLDPE, EVA, Reclaim, HDPE), Application (Greenhouse Film (Classic Greenhouse, Low Tunnel), Mulch Film (Black Mulches, Transparent Mulches), Silage Film (Silage Stretch Wrap, Silage Bag) - Global Forecast to 2029", size was USD 13.8 billion in 2024 and is projected to reach USD 19.5 billion by 2029, at a CAGR of 7.1%, between 2024 and 2029. ...... Read More |
June 21, 2024 |
Empty Capsules Market worth $4.2 billion by 2029The report "Empty Capsules Market by Type (Gelatin (Porcine, Bovine, Bonemeal), Non-gelatin (HPMC, Starch)), Functionality (Immediate-release, Sustained-Release, Delayed-release),Therapeutic Application (Antibiotic, Dietary, Antacid, CVD) - Global Forecast to 2029", is projected to reach USD 4.2 billion by 2029 from an estimated USD 3.1 billion in 2024, at a CAGR of 6.3% during the forecast period. Expansion of the Over-the-counter medications, increasing demand for nutraceuticals, and benefits of capsules over other dosage forms are the major driving factors of the empty capsules market. However, issues related to the safety and side effects of gelatin capsules and cultural practices and dietary restrictions are the major restraining factors of the empty capsules market. ...... Read More |
June 21, 2024 |
Automotive Camera Market worth $16.0 billion by 2030According to a research report "Automotive Camera Market by Technology (Digital, Infrared, Thermal), ICE and EV Application (ACC, BSD, AFL, IPA, DMS, NVS, & PA), Vehicle Type (PC, LCV, HCV), View (Front, Rear, Surround), EV Type, Level of Autonomy & Region - Global Forecast to 2030" published by MarketsandMarkets, the global automotive camera market size is projected to grow from USD 8.3 Billion in 2024 to USD 16.0 Billion by 2030, at a CAGR of 11.5%. Government regulations regarding vehicle occupants and pedestrian safety is driving the growth of the automotive camera market on a global scale. Initiatives aimed at enhancing road safety, reducing traffic congestion, and supporting autonomous vehicle technology require sophisticated camera systems for accurate detection and monitoring. As regions prioritize the development of autonomous vehicles to improve urban mobility and safety, the demand for automotive cameras, including rearview, surround-view, and driver monitoring cameras, is steadily increasing. ...... Read More |
June 20, 2024 |
Minimally Invasive Surgical Instruments Market worth $49.9 billion by 2029The report "Minimally Invasive Surgical Instruments Market by Product (Handheld, Inflation Devices, Surgical Scopes), Type of Surgery (Cardiothoracic, Gastrointestional, Bariatric, Orthopedic, Urological), Technology (Non-robotic, Robotic) - Global Forecast to 2029", is projected to reach USD 49.9 billion by 2029 from USD 31.7 billion in 2024, at a CAGR of 9.5% during the forecast period. ...... Read More |
June 20, 2024 |
Smart Grid Market worth $161.5 billion by 2029According to a research report "Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption), Communication Technology (Wireline, Wireless), & Region - Global Forecast to 2029" published by MarketsandMarkets, the global Smart Grid Market is projected to reach USD 161.1 billion by 2029 from an estimated USD 73.8 billion in 2024, at a CAGR of 16.9% during the forecast period. ...... Read More |
June 20, 2024 |
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