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Home › Press Releases
Press Releases
Title | Date |
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Transportation Composites Market worth $81.4 billion by 2029The report "Transportation Composites Market by Resin (Thermoplastic and Thermoset), Manufacturing Process, Fiber, Application (Interior, Exterior), Transportation Type (Airways, Roadways, Railways, Waterways), and Region - Global Forecast to 2029", is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.7% from 2024 to 2029, with a projected value of USD 81.4 billion by 2029, up from USD 44.7 billion in 2024. Transportation composites are likely to see an increase in demand as a result of the automotive and aerospace sectors' strong focus on vehicle weight reduction for improved performance and fuel efficiency. An lightweight substitute for conventional materials like steel and aluminum is provided by composites. ...... Read More |
June 20, 2024 |
5G Services Industry worth $427.7 billion by 2028According to a research report "5G Services Market Size, Share, Growth Analysis, by Communication Type, End User (Consumers and Enterprises), Application (Industry 4.0, Smart Cities), Enterprises (Manufacturing, Transportation & Logistics), and Region - Global Industry Forecast to 2028" published by MarketsandMarkets, the 5G Services market is estimated at USD 98.3 billion in 2023 to USD 427.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 34.2%. The innovative concept of network slicing in 5G represents a transformative leap in network customization, offering virtual, dedicated slices tailored to the unique requirements of specific applications or services. This capability is a pivotal driver for the diverse range of use cases enabled by 5G technology. For massive IoT deployments, network slicing allows the creation of dedicated slices optimized for handling many connected devices with varying communication needs. Simultaneously, in ultra-reliable low-latency communication (URLLC) scenarios, such as mission-critical applications in healthcare or industrial automation, dedicated slices ensure the stringent demands for real-time responsiveness and reliability are met. Network slicing thus becomes a crucial proponent in the adaptability of 5G, fostering a flexible and efficient network infrastructure that can accommodate the varied and evolving demands of a multitude of applications and industries. ...... Read More |
June 20, 2024 |
Milled Carbon Fiber Market worth $302 million by 2029The report "Milled Carbon Fiber Market by Fiber Type (Virgin, Recycled), Application (Reinforcements, Coatings & Adhesives), End-Use Industry (Automotive, Electrical & Electronics, Sporting Goods, Aerospace & Defense) & Region - Forecast to 2029", is estimated at USD 182 million in 2024 and is projected to reach USD 302 million by 2029, at a CAGR of 10.8% from 2024 to 2029. The growth of the milled carbon fiber market is propelled by a range of factors, including the performance via superior strength-to-weight ratios, and decreased maintenance needs due to resistance to environmental degradation. Regulatory pressures for lower emissions and advancements in material science and manufacturing technology further drive the adoption of milled carbon fiber composites. ...... Read More |
June 19, 2024 |
Membranes Market worth $11.1 billion by 2029The report "Membranes Market by Material (Polymeric, Ceramic), Technology (Reverse Osmosis (Ro), Ultrafiltration (Uf), Microfiltration (Mf), Nanofiltration (Nf)), Application (Water & Wastewater Treatment, Industrial Processing), Region - Global Forecast to 2029", is projected to reach USD 11.1 billion by 2029, at a CAGR of 8.6% from USD 7.4 billion in 2024. ...... Read More |
June 19, 2024 |
Ring Main Unit Market worth $3.4 billion by 2029According to a research report "Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Voltage Rating (Up to 15 kV, 16-25 kV, Above 25 kV), Installation (Indoor, Outdoor), Structure, Application, Region - Global Forecast to 2029" published by MarketsandMarkets, The market for ring main units is anticipated to grow significantly; estimates place it at USD 2.5 billion in 2024 and predict it will reach USD 3.4 billion by 2029, a Compound Annual Growth Rate (CAGR) of 5.7%. The growth of the market can be primarily attributed to the expanding capacity of renewable energy sources and the ongoing efforts to enhance distribution networks, coupled with the modernization initiatives aimed at upgrading existing power infrastructure. As countries worldwide intensify their focus on sustainable energy solutions, there is a notable surge in the installation of renewable energy capacity, such as solar and wind power. This trend necessitates the integration of advanced technologies like ring main units (RMUs) to facilitate the seamless integration of renewable energy into the grid. Furthermore, the increasing complexity of distribution networks and the aging of existing power infrastructure prompt utilities to invest in modernization projects. These initiatives involve the deployment of state-of-the-art equipment like RMUs, which offer enhanced reliability, efficiency, and flexibility in managing electricity distribution. ...... Read More |
June 19, 2024 |
Smart Grid Analytics Industry worth $14.3 billion by 2029According to a research report "Smart Grid Analytics Market by Software Type (Meter analytics, Operational Analytics, Reliability Analytics), Application (AMI, Load Forecasting, Demand Response, Grid Optimization), Analytics Type (Predictive, Prescriptive) - Global Forecast to 2029" published by MarketsandMarkets, the market for smart grid analytics is anticipated to experience substantial expansion, ascending from a value of USD 7.9 billion in 2024 to a substantial worth of USD 14.3 billion by the year 2029. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 12.4% over the forecast period. The surge in the smart grid analytics market is poised to be driven by a confluence of influential factors within the business landscape. Notably, accelerated installation of smart metering technology, coupled with the expanding presence of aging transmission and distribution networks, stands out as significant contributors to this trend. Additionally, the growing focus on reducing energy consumption and carbon footprint are playing a crucial role in propelling the upward trajectory of this market. ...... Read More |
June 19, 2024 |
Genotyping Assay Market worth $37.1 billion by 2029The report "Genotyping Assay Market by Product & Services (Kits, Instruments,Bioinformatics), Technology (PCR, Sequencing, Microarray), Application (Pharmacogenomics, Animal Genetics), End User (PharmaBiotech Companies, Diagnostic Labs) - Global Forecast to 2029", is projected to reach USD 37.1 billion by 2029 from USD 19.4 billion in 2024, at a CAGR of 13.8% during the forecast period. ...... Read More |
June 19, 2024 |
Water-based Resins Market worth $73.7 billion by 2029The report "Water-based Resins Market by Type (Acrylic, Epoxy, Alkyd, Polyurethane, Vinyl, Polyester), Application (Paints & Coatings, Adhesives & Sealants, Inks), and Region (Asia Pacific, North America, Europe, MEA and South America) - Global Forecast to 2029", size is projected to grow from USD 56.5 billion in 2024 and is projected to reach USD 73.7 Billion by 2029, at a CAGR of 5.5%. The growth of the water-based resins market is primarily driven by rising demand from the paints and coatings, as well as adhesives and sealants sectors. This surge in demand can be attributed to stringent regulations imposed by various governments on the permissible levels of volatile organic compounds (VOCs). These regulations have led to a significant decrease in the use of solvent-based technology, while encouraging the adoption of water-based alternatives. As a result, manufacturers are increasingly turning towards water-based resins to comply with these regulations and meet the growing demand for environmentally-friendly products. ...... Read More |
June 18, 2024 |
Healthcare BPO Market worth $626.6 billion by 2029The report "Healthcare BPO Market by Outsourcing Models, Provider (Patient Care, RCM), Payer (Claims Management, Billing & Accounts), Life Science (R&D, Manufacturing, Sales & Marketing (Analytics, Research)), & Region (Source, Destination) - Global Forecast to 2029", is valued at an estimated 395.3 billion in 2024 and is projected to reach USD 626.6 billion by 2029, at a CAGR of 9.7% during the forecast period. ...... Read More |
June 18, 2024 |
Diesel Power Engine Market worth $25.2 billion by 2029According to a research report "Diesel Power Engine Market by Operation (Standby, Prime, Peak Shaving), Power Rating (Below 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW), End User (Power Utilities, Industrial, Commercial, and Residential), Speed, & Region - Global Forecast to 2029" published by MarketsandMarkets, the market size for diesel power engine is projected to reach approximately USD 25.2 billion by the year 2029, as compared to the estimated value of USD 20.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period. The global diesel power engine market is driven by a confluence of factors that influence demand and shape its future trajectory. Rapid economic growth in regions like Asia Pacific, Africa, and South America fuels the need for reliable power sources. Diesel engines play a crucial role, particularly in areas with limited grid infrastructure or frequent outages. They provide primary or backup power for businesses, industries, and communities, enabling uninterrupted operations and fostering economic development. As economies expand, industrial activity and urbanization accelerate. These sectors heavily rely on diesel engines for power generation, both for primary use and backup during grid disruptions. Reliable power ensures smooth operation of factories, construction sites, and commercial facilities. Governments worldwide are implementing stricter emission regulations to combat air pollution. This drives advancements in cleaner burning diesel engine technologies. ...... Read More |
June 18, 2024 |
Synthetic Yarn Market worth $300.5 billion by 2029The report "Synthetic Yarn Market by Yarn type (Filament Yarn and Spun Yarn), Fiber Type (Polyester, Nylon, Rayon, Acrylic), End-Use Industries (Apparels & home furnishings, Aerospace, Automotive & transportation, Industrial), and Region - Global Forecast to 2029", is estimated at USD 234.1 billion in 2024 and is projected to reach USD 300.5 billion by 2029, at a CAGR of 5.1% from 2024 to 2029. Synthetic yarns are made of different synthetic fibers such as polyester, nylon, rayon/viscose, acrylic and others. These fibers are created using various chemical compounds. Due to their high strength and excellent durability, synthetic yarns are widely accepted across end-use industries. Synthetic yarns are available in wide variety of colours, styles and textures and is widely used in textiles industry for clothing. The synthetic yarns are of two types- Filament yarn and Spun yarn. ...... Read More |
June 18, 2024 |
Electric Scooter and Motorcycle Market worth $12.4 billion by 2030According to a research report "Electric Scooter and Motorcycle Market by Vehicle (E-Scooter/Moped, E-Motorcycle), Voltage (36V, 48V, 60V, 72V, Above 72V), Motor Type (Hub and Mid-drive), Battery (Li-ion and lead acid), Motor Power, Technology, Vehicle Class, Usage & Region - Global Forecast to 2030" published by MarketsandMarkets, the global electric scooter and motorcycle market is projected to grow from USD 4.3 billion in 2024 to USD 12.4 billion by 2030, registering a CAGR of 18.9%. ...... Read More |
June 18, 2024 |
Plastic Compounds Market worth $97.3 billion by 2029The report "Plastic Compounds Market by Product (PVC, PP, PE, PS, PA, PC, PET, PU, ABS), Source, End-use Industry (Automotive, Packaging, Electrical & Electronics, Building & Construction, Consumer Goods, Medical), and Region - Global Forecast to 2029", size is projected to grow from USD 70.8 billion in 2024 to USD 97.3 billion by 2029, registering a CAGR of 6.6% during the forecast period. The growth of the plastic compounds market is fueled by several key factors. The packaging and building, & construction industries are seeing increasing demand for plastic compounds for various applications. There is a growing demand for environmentally friendly and sustainable materials from consumers and businesses. Recyclable plastic compounds are being sought as alternatives to conventional plastic compounds. ...... Read More |
June 17, 2024 |
Surgical Suction Instruments Industry worth $503 million in 2029, with a CAGR of 6.1%The report "Surgical Suction Instruments Market by Type (Tubes, Tips, Restractors, Cannulae), Usability (Disposable, Reusable), Application (General Surgery, Neurosurgery, Orthopedic, Cardiovascular, Dental), End User - Global Forecast to 2029", is projected to reach 503 million in 2029 from USD 375 million in 2024, at a CAGR of 6.1% between 2024 and 2029. ...... Read More |
June 17, 2024 |
Membrane Chromatography Market worth $637 million by 2029The report "Membrane Chromatography Market by Product (Cartridges, Capsules, Cassettes, Syringe Filters, Spin Column), Technique (Ion Exchange, Affinity), Operation Mode (Flow Through, Bind Elute), Material (PES, Cellulose, Hydrogel) - Global Forecast to 2029", is projected to reach USD 637 million by 2029 from an estimated USD 321 million in 2024, at a CAGR of 14.7% from 2024 to 2029. Factors contributing to the growth of the global market include increasing R&D investments and funding in the biopharmaceutical industry, a growing development of biopharmaceuticals, and an increasing number of strategic alliances in the bioprocessing industry. However, limited use of membrane chromatography products for large-scale manufacturing is expected to hinder market growth. ...... Read More |
June 17, 2024 |
Application Security Industry worth $55.0 billion by 2029According to a research report "Application Security Market Size, Share, Growth Analysis by Component (Solution (Security Testing Tools, Container Security, API Security & Others), Service), Type, Deployment Mode, Organization Size, Vertical and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the global Application Security Market to grow from USD 33.7 billion in 2024 to USD 55.0 billion by 2029 at a compound annual growth rate (CAGR) of 10.3% during the forecast period. The application security (AppSec) market is expanding rapidly due to the growing reliance on applications and the escalating threat of cyberattacks. The increasing frequency and sophistication of these attacks are driving the demand for strong AppSec solutions, a trend likely to persist. As organizations shift to cloud-based applications, new security challenges arise, requiring AppSec solutions that can adapt and provide robust controls. AppSec vendors are creating user-friendly tools that integrate smoothly with developer workflows, promoting an early vulnerability detection approach. Small and medium-sized enterprises (SMEs) and organizations with limited security resources are turning to Managed Security Service Providers (MSSPs) for affordable expertise and tools. The extensive use of open-source software (OSS) also presents unique security issues, leading to the evolution of AppSec solutions to effectively secure open-source code. ...... Read More |
June 17, 2024 |
Connected Car Market worth $26.4 billion by 2030According to a research report "Connected Car Market by Service ICE & EV (OTA, Navigation, Multimedia Streaming, Social Media, eCall, Autopilot, Remote Diagnostics, Home Integration), Market (OEM, Aftermarket), Network, Form, Transponder, Hardware and Region - Global Forecast to 2030" published by MarketsandMarkets, the globally connected car market is estimated to grow from USD 12.4 billion in 2024 to USD 26.4 billion by 2030, at a CAGR of 13.3%. ...... Read More |
June 17, 2024 |
Medical Equipment Maintenance Market worth $88.9 billion by 2029The report "Medical Equipment Maintenance Market by Device (Imaging (MRI, CT, ultrasound, X-ray), ventilator), Provider (OEM, ISO, In-house), Service (Preventive, Corrective), User (Hospital, Diagnostic Center), Contract (Basic, Customized) - Global Forecast to 2029", size is projected to reach USD 88.9 billion by 2029 from USD 54.0 billion in 2024, at a CAGR of 10.5% during the forecast period. ...... Read More |
June 14, 2024 |
Sulfur Based Micronutrients Market worth $685 million by 2029The report "Sulfur Based Micronutrients Market by Application (Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables), Type (Sulfur-Bentonite-Zinc, Sulfur-Bentonite-Molybdenum, Sulfur-Bentonite-Manganese, Sulfur-Bentonite-Iron) - Global Forecast to 2029", is projected to grow from USD 449 million in 2024 to USD 685 million by 2029, at a CAGR of 8.8% during the forecast period. Various factors have been contributing to the growth of sulfur based micronutrients market. First off, because sulfur is necessary for plant growth and development, there is a growing market for products containing sulfur to compensate for shortages in soil. Second, to sustain crop productivity, modern agricultural practices frequently deplete soils of sulfur, requiring supplementation. Furthermore, the market is further stimulated by the growth of organic farming and sustainable agricultural methods since sulfur-based micronutrients provide environmentally favorable nutrient supplementation options. ...... Read More |
June 14, 2024 |
Terminal Tractor Market worth $1.9 billion by 2030According to a research report "Terminal Tractor Market by Type (Manual, Automated), Drive (4x2, 4x4 & 6x4), Tonnage (<50, 50-100, >100), Application (Marine, Airport, Oil & Gas, Warehouse), Battery Chemistry (LFP, NMC), Logistics, Propulsion & Region - Global Forecast to 2030" published by MarketsandMarkets, the global terminal tractor market is estimated to grow from USD 1.4 billion in 2024 to USD 1.9 billion by 2030 with a CAGR of 5.5% over the forecast period. ...... Read More |
June 14, 2024 |
LoRa and LoRaWAN IoT Industry worth $32.7 billion by 2029According to a research report "LoRa and LoRaWAN IoT Market by Network Deployment (Public, Private, Hybrid), Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Healthcare, Smart Agriculture & Livestock Management, Disaster Management) - Global Forecast to 2029" published by MarketsandMarkets, the LoRa and LoRaWAN IoT market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029. ...... Read More |
June 14, 2024 |
Inflight Retail and Advertising Industry worth $5.1 billion by 2029The report "Inflight Retail and Advertising Market by End-User (Commercial Aviation, Business Aviation), Mode (Advertising, Retail), Seat Class (First, Business, Economy, Premium Economic), Operation (Stored and Streamed) and Region - Global Forecast to 2029" The market is valued at USD 3.5 billion in 2024 and is projected to reach USD 5.1 billion by 2029, at a CAGR of 7.8% from 2024 to 2029. The inflight retail and advertising market seize opportunities presented by a captive audience during air travel to market a variety of products, including duty-free items and travel necessities, alongside targeted advertisements via in-flight entertainment systems. This market benefits from growing passenger volumes and the surge in e-commerce. Airlines, along with inflight entertainment providers and retail concessionaires, strategically collaborate to enhance passenger experience and maximize revenue through optimized product offerings and innovative marketing strategies. Increased consumer demand for convenience and unique experiences further stimulates market growth, making it an attractive sector for continuous investment and development. ...... Read More |
June 13, 2024 |
Secure Multiparty Computation (SMPC) Industry worth $1,412 million by 2029According to a research report "Secure Multiparty Computation (SMPC) Market by Offering (Solutions and Services), Deployment Mode (Cloud and On-premises), Vertical (BFSI, IT & ITeS, Government, Healthcare, and Retail & E-commerce) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global secure multiparty computation (SMPC) market size is projected to grow from USD 824 million in 2024 to USD 1,412 million by 2029 at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The integration of cloud-based solutions and advanced technologies like AI, ML, and blockchain has propelled the rapid growth of SMPC adoption. Cloud-based SMPC solutions offer remote accessibility and cost reductions, while AI, ML, and blockchain integration are used for secure data exchange. These combined advancements in SMPC cater to organizations' demands for scalable, cost-effective, and efficient security solutions, driving significant expansion in the SMPC market. ...... Read More |
June 13, 2024 |
Construction Glass Market worth $144.3 billion by 2029The report "Construction Glass Market by Type (Low-E Glass, Special Glass), Manufacturing Process (Float, Rolled/Sheet), Chemical Composition (Soda-Lime, Potash-Lime, Potash-Lead), Application (Residential, Commercial), and Region - Global Forecast to 2029", is estimated at USD 112.0 billion in 2024 and is projected to reach USD 144.3 billion by 2029, at a CAGR of 5.2% from 2024 to 2029. The key segments in the construction industry include residential, commercial, and others. Others include construction of educational institutes, stadiums, airports, bridges, and others. The growth in the residential segment is high due to increase in population, urbanization, increase in the number of nuclear families, and the economic condition. The growth in the commercial segment can be attributed to factors such as growth in economy, increased need for IT industries, demand for retail, and increase in foreign trade resulting in the demand for warehousing, and others. This is fuelling the demand for construction glass from various applications of construction industry. ...... Read More |
June 13, 2024 |
3D Sensor Industry worth $12.8 billion by 2029The report "3D Sensor Market by Type (Image Sensor, Position Sensor, Acoustic Sensor, Magnetometer, Accelerometer, Gyroscope), Technology (Time-of-flight, Structured Light, Stereo Vision, Ultrasound), Method (Time-Delay, Triangulation) - Global Forecast to 2029" The global 3D sensor market is expected to be valued at USD 6.1 billion in 2024 and is projected to reach USD 12.8 billion by 2029 and grow at a CAGR of 16.3% from 2024 to 2029. The increasing popularity of smart home technologies, including gesture-controlled devices and enhanced home security systems, opens up new avenues for 3D sensor applications. Enhanced security systems using 3D sensor for facial recognition and other biometric authentication methods offer opportunities in both the public and private sectors. ...... Read More |
June 13, 2024 |
Fraud Detection and Prevention Industry worth $63.2 billion by 2029According to a research report "Fraud Detection and Prevention Market Size, Share, Growth Analysis by Offering (Solutions (Fraud Analytics, Authentication, and GRC) and Services (Professional and Managed)), Fraud Type, Deployment Mode, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the fraud detection and prevention (FDP) market size is projected to grow from USD 28.8 billion in 2024 to USD 63.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. The key driver of fraud detection and prevention is regulatory compliance requirements. With stringent regulations in place, organizations are compelled to adopt robust strategies to combat financial crimes and protect consumer interests. Compliance mitigates legal risks, and fosters trust among stakeholders, driving organizations to prioritize efforts in fraud prevention. ...... Read More |
June 12, 2024 |
Produced Water Treatment Market worth $13.4 billion by 2029According to a research report "Produced Water Treatment Market by Application (Onshore, Offshore), Source (Conventional, Unconventional), Treatment (Primary treatment, Secondary treatment, Tertiary treatment) and Region - Global Forecast to 2029" published by MarketsandMarkets, the produced water treatment market is forecast to reach USD 13.4 billion by 2029 from an estimated USD 10.7 billion in 2024, at a CAGR of 4.7% during the forecast period (2024-2029). ...... Read More |
June 12, 2024 |
Ceramic Matrix Composite Market worth $23.8 billion by 2031The report "Ceramic Matrix Composite Market by Matrix Type (C/C, C/Sic, Oxide/Oxide, Sic/Sic), Fiber Type (Continuous, Woven), End-Use Industry (Aerospace & Defense, Automotive, Energy & Power, Industrial), and Region - Global Forecast to 2031", is estimated at USD 12.0 billion in 2024 and is projected to reach USD 23.8 billion by 2031, at a CAGR of 10.3% from 2024 to 2031. There are various factors due to which the demand of ceramic matrix composites is being propelled from various end-use industries like the growing need to make vehicles and aircraft lightweight and fuel efficient. Apart from this ceramic matrix composites have high temperature capabilities that make them capable for use in energy and power sector as well. ...... Read More |
June 12, 2024 |
Veterinary Ophthalmology Equipment Market worth $697 million in 2029The report "Veterinary Ophthalmology Equipment Market by Product-Diagnostic Device (Ophthalmoscope, Tonometer), Surgical (Microscope, Implant, Shunt, bandage Lens), Application (Glaucoma, Cataract), Animal (Equine, Canine, Feline), End User - Global Forecast to 2029 ", is projected to reach 697 million in 2029 from USD 485 million in 2024, at a CAGR of 7.5% between 2024 and 2029. ...... Read More |
June 12, 2024 |
Automotive Conformal Coating Market worth $3.5 billion by 2030According to a research report "Automotive Conformal Coatings Market by Material (Acrylic, Silicone, Epoxy, Polyurethane, Parylene), Component (ECU, PCB, Sensor, Battery Casing, LED and Infotainment System), Application Method, Vehicle Type, EV, Region - Global Forecast to 2030" published by MarketsandMarkets, the automotive conformal coating market is projected to reach USD 3.5 billion by 2030, from an estimated USD 2.0 billion in 2024, at a CAGR of 10.0% during the forecast period. ...... Read More |
June 12, 2024 |
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