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Marine Vessels Industry worth $133.63 billion by 2030

The report "Marine Vessels Market by Ship Type (Destroyer, Frigate, Corvette, Patrol Vessels, Passenger Vessels, Container Vessels, Tanker), Tonnage (100 - 500 DWT, 500 - 5,000 DWT, 5,000 - 15,000 DWT, >15,000 DWT), Operation and Region - Global Forecast to 2030" The global marine vessels market is projected to reach USD 133.63 billion by 2030, from USD 111.10 billion in 2024, at a CAGR of 3.1%. The growth of international trade is the primary driver in the marine vessels market. This growth increased the demand for commercial ships that transport goods worldwide. Military navies are also expanding and updating their fleets to improve their capabilities, which adds to market activity. The rising demand for passenger travel and tourism is creating a need for more vessels, such as ferries and cruise ships. Additionally, efforts to replace older ships with newer, more efficient models are supporting the growth and modernization of the marine vessels market.

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November 1, 2024

Coating Resins Market worth $57.34 billion by 2029

The report "Coating Resins Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Vinyl), Technology (Waterborne, Solventborne, Powder), Application (Architectural, Protective, General Industrial, Automotive, Wood, Packaging), & Region - Global Forecast to 2029", size is projected to reach a market size of USD 57.34 billion by 2029 from USD 45.28 billion in 2024, at a CAGR of 4.8%. Asia Pacific accounted for the largest share of coating resins in 2023. Coating resins are largely used in architectural and industrial applications. The acrylic resin segment is projected to be the largest share due to its use in various applications, such as architectural coatings, floor finishes, and automotive coatings. Emerging nations, such as China, India, Indonesia, and Brazil, are expected to play a crucial role in driving the coating resins market forward.

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November 1, 2024

Steam Trap Industry worth $5.57 billion by 2029

According to the new market research report "Steam Trap Market by Mechanical (Ball Float, Inverted Bucket), Thermodynamic, Thermostatic (Balanced Pressure, Bimetallic, Liquid Expansion, Bellowed), Steel, Iron, Tracing, Drip, Process, Screwed, Flanged, Swivel, Oil & Gas - Global Forecast to 2029" The global steam trap market is expected to be  USD 5.57 billion by 2029 from USD 4.57 billion by 2024, at a CAGR of 4.1% during the forecast period. The steam trap market is driven by several key factors, including the rising demand for energy-efficient solutions, stimulated by a greater need to save energy and decrease operational costs. Increased use of automation within a steam system also helps in further increasing growth for this market as automated solutions enhance performance while reducing manual intervention. The pressure to increase manufacturing efficiency, while also maintaining environmentally stringent compliance, has started to force industries into investing in even more advanced steam trap technologies-fitting the platform of the sustainability model.

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November 1, 2024

Artificial Intelligence in Retail Market worth $164.74 billion by 2030

According to a research report "Artificial Intelligence in Retail Market by Solution (Personalized Product Recommendation, Visual Search, Virtual Stores, Virtual Customer Assistant, CRM), Type (Generative AI, Other AI), End-user (Online, Offline) - Global Forecast to 2030" published by MarketsandMarkets, the Artificial intelligence in retail market is expected to reach USD 164.74 billion by 2030 from USD 31.12 billion in 2024, at a CAGR of 32.0 % during 2024–2030.  

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November 1, 2024

Smart Stadiums Market worth $41.68 billion by 2029

According to a research report "Smart Stadiums Market by Solutions (Digital Content Management, Stadium and Public Security, Building Automation, Event Management, Network Management, and Crowd Management), Stadium Type (Indoor, Outdoor, and Multi-Purpose) - Global Forecast to 2029" published by MarketsandMarkets, the Smart Stadiums market is estimated at USD 19.55 billion in 2024 to USD 41.68 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 16.3 %. A smart stadium refers to an arena that utilizes latest technology in perfecting fans, operators and other stakeholders experiences. Instances of its facilities include dynamic digital signage, smart parking, and automated concession stands. Such innovations streamline operations, reduce the waiting time, and make attending more personalized and engaging. Data analytics enables Smart Stadiums to optimize seating arrangements, improve crowd flow, and reduce emergency response times. Furthermore, the use of renewable energy sources, as well as effective waste management measures, reduce the venue's carbon footprint. Overall, Smart Stadiums substantially benefit organizations, including increased revenue, enhanced fan satisfaction, and improved operational efficiency. For instance, the AT&T Stadium utilizes advanced analytics to optimize seating layouts, while Wembley Stadium leverages technology to streamline operations and enhance the spectator experience. Similarly, the Johan Cruyff Arena employs data-driven insights to boost fan engagement and operational effectiveness.

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October 31, 2024

Occupancy Sensor Industry worth $5.20 billion in 2030

The report "Occupancy Sensor Market by Type (Wall Mount, Ceiling Mount, Desk), Operation (Indoor, Outdoor), Connectivity (Wireless, ZigBee, Z-wave), Technology (Passive Infrared, Ultrasonic, Dual Technology, Image Processing), Installation - Global Forecast to 2030" The global occupancy sensor market is expected to reach USD 5.20 billion in 2030 from USD 2.75 billion in 2024, at a CAGR of 11.2% during the forecast period. As organizations and homeowners look to save energy and reduce utility costs, occupancy sensors can offer effective solutions by simply adjusting lighting, heating, or cooling based on instantaneous data for occupancy. The emergence of smart building technologies and the Internet of Things makes it easier to build automated systems in which occupancy sensors are integrated. Coupled with regulatory pressures for sustainability and energy conservation, there is ongoing demand for occupancy sensors as critical components of modern energy management strategies.

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October 31, 2024

Advanced Visualization Market worth $6.55 billion by 2029

The report "Advanced Visualization Market by Type (Enterprise, Standalone), Modality (MRI, CT, PET, Ultrasound, Radiotherapy, Nuclear Medicine), Application (Radiology, Oncology, Neuro), End User (Hospital, ASC, Diagnostic Center) & Region - Global Forecast to 2029 ", is projected to reach USD 6.55 billion by 2029 from USD 3.78 billion in 2024, at a CAGR of 11.7% during the forecast period.

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October 31, 2024

Packaging Coatings Market worth $5.37 billion by 2029

The report "Packaging Coatings Market by Technology (Waterborne, Solventborne, Energy Curable, Digital), Resin (Polyurethane, Epoxy, Acrylic, Polyester), Application (Rigid, Flexible, Paper), Printing Process, End-use Industry - Global Forecast to 2029", is projected to grow from USD 4.21 billion in 2024 to USD 5.37 billion by 2029, at a CAGR of 5.0% between 2024 and 2029. North America is the one of the largest markets for packaging coatings. The demand for different resin used in packaging coatings is experiencing significant growth across various industries, including food & beverage, industrial goods, medical & pharma, caps & closures, and more. Emerging nations such as India, Canada, Brazil, China and Mexico are expected to play a crucial role in driving the global packaging coatings market forward.

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October 31, 2024

Recycled Terephthalic Acid Market worth $2.90 billion by 2029

The report "Recycled Terephthalic Acid Market by Process (Hydrolysis, Pyrolysis), Application (Fiber, Films, Resins), End-Use Industry (Textiles, Automotive, Construction, Packaging) - Global Forecast to 2029", size is projected to grow from USD 2.34 billion in 2024 to USD 2.90 billion by 2029, registering a CAGR of 4.4% during the forecast period.  Chemically extracted from PET waste - bottles, textiles, and other packaging materials recycled terephthalic acid is an alternative to virgin TPA that has been sourced from petrochemicals in the past. Ongoing environmental awareness, conducive recycling frameworks, and the growing trend toward sustainability in textiles, packaging, construction, and the automotive field are factors driving the recycled terephthalic acid market. National campaigns designed to reduce waste and concentrate on the objectives of the circular economy promote the use of recycled terephthalic acid on a much broader basis. Apart from that, using reclaimed content helps producers achieve environmental goals and attracts environmentally-friendly consumers looking for green products.

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October 30, 2024

Digital Identity Solutions Market worth $133.19 billion by 2030

According to a research report "Digital Identity Solutions Market by Hardware (RFID Reader & Encoder, Hardware-Based Tokens, Processor ID Cards), Solution type (Identity Verification, Authentication, Identity Lifecycle Management) - Global Forecast to 2030" published by MarketsandMarkets, the global Digital Identity Solutions market size is projected to grow from USD 42.12 billion in 2024 to USD 133.19 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period.

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October 30, 2024

NFC Industry worth $30.55 billion by 2029

The report "NFC Market by Offering (NFC ICs, NFC Antennas, NFC Tags, NFC Readers), Operating Mode (Reader Emulation, Peer-to-Peer, Card Emulation), Use Cases (Payment and Transactions, Product Identification, Ticketing, Access Control) - Global Forecast to 2029" The global NFC industry will  USD 30.55 billion by 2029 from USD 21.69 billion by 2024, at a CAGR of 7.1% during the forecast period. Rapid industrialization and urbanization prevail largely in the emerging economies of China and India, particularly through the development of smart cities. Gradual concentration in industrial development has increased demand for the infrastructure required in cities. This would eventually lead to the development of educational & healthcare institutions, public administration offices, shopping malls, stores, and warehouses. This, in turn, will boost the demand for advanced NFC solutions and smartcard, particularly in technologically advancing countries such as India, China, and Brazil.

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October 30, 2024

Sugar Substitutes Market worth $29.90 billion by 2029

According to a research report "Sugar Substitutes Market by Type (HFCS, High-intensity Sweeteners, Low-Intensity Sweeteners), Manufacturing Technology (Precision Fermentation, Enzymatic Conversion, Chemical Synthesis), Application, Form, Source, Region - Global Forecast to 2029" published by MarketsandMarkets, the sugar substitutes market is estimated at USD 23.56 billion in 2024 and is projected to reach USD 29.90 billion by 2029, at a CAGR of 4.9% from 2024 to 2029.

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October 30, 2024

Biosimulation Market worth $9.18 billion by 2029

The report "Biosimulation Market by Offering (Module, Integrated Platform), Application (Disease Modeling, PBPK, PKPD, Trial Simulation, Manufacturing & Supply chain: planning & forecasting), Indication (Cancer, CNS, CVS), End User, & Region - Global Forecast to 2029", is projected to reach USD 9.18 billion by 2029 from USD  4.24 billion in 2024, at a CAGR of 16.7% from 2024  to 2029.

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October 30, 2024

Wearable Technology Industry worth $152.82 billion by 2029

The report "Wearable Technology Market by Product (Smart Watch, Fitness Tracker, AR/VR, Smart Clothing & Footwear, Earwear, Exoskeleton, Smart Glasses, Smart Ring, Smart Helmet), Operation (AI-Based, Conventional), Type (Active, Passive) - Global Forecast to 2029" The global wearable technology  market is expected to be valued at USD 70.30 billion in 2024 and is projected to reach USD 152.82 billion by 2029; it is expected to grow at a CAGR of 16.8% from 2024 to 2029. Demand for wearables that integrate all computing requirements in one compact device will fuel the market growth. Adoption of wearables in multiple applications. Data-driven performance optimization in sports through real-time monitoring of athlete metrics is pushing the adoption of wearable technology. Growing integration of AR/VR and affordable designs is providing opportunities for wearable technology market growth.

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October 29, 2024

DDoS Protection & Mitigation Security Market worth $9.63 billion by 2029

According to a research report "DDoS Protection & Mitigation Security Market by Solution Type (Network Traffic Analyzers, Threat Mitigation System, Botnet Detection & Management, Security Information & Event Management, Anomaly Detection, Orchestration & Automation) - Global Forecast to 2029" published by MarketsandMarkets,the DDoS protection & mitigation security market is projected to grow from USD 5.17 billion in 2024 to USD 9.63 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period. DDoS protection and mitigation security growth is driven by several factors, such as the increase and advancement in DDoS attacks, which have created awareness of cyber threats. While the increased use of IoT devices has widened the exposure point, the transition towards the cloud emphasizes achieving protection in scale. Also, cost factors increase consciousness of the legal obligations and defensive potential loss of financial and reputational results from cyber-attacks, forcing organizations to put sound security systems in place. The new generation of the telecommunication network, that is, the 5G network, and the emergence of multi-vector threats also fuel the need for better mitigation strategies.

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October 29, 2024

Cold Plasma Market worth $3.66 billion by 2029

The report "Cold Plasma Market by Industry (Textile, Electronics & Semiconductors, Polymer & Plastic, Food & Agriculture, Medical, Cosmetic), Application (surface treatment & activation, wound Healing), Regime (Atmospheric, Low Pressure) - Global Forecast to 2029", is projected to reach USD 3.66 billion by 2029 from USD 2.17 billion in 2024, at a CAGR of 11.0% during the forecast period.

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October 29, 2024

Post-Consumer Recycled Plastics Market worth $106.97 billion by 2029

The report "Post-Consumer Recycled Plastics Market by Source (Bottles, Non-bottle Rigid), Polymer Type, Processing Type (Mechanical, Chemical, Biological), End-use (Packaging, Building & Construction, Automotive, Electronics), and Region - Global Forecast to 2029", The post-consumer recycled plastics market size is projected to grow from USD 71.44 billion in 2024 to USD 106.97 billion by 2029, at a CAGR of 8.4%.

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October 29, 2024

Engines Market worth $477.89 billion by 2029

According to a research report "Engines Market by Fuel type (Gasoline, Diesel, Natural Gas), Speed (Low, Medium, High , and Very High), Power Rating, End User, & Region - Global Trends & Forecast to 2029" published by MarketsandMarkets, the engines market is forecast to reach USD 477.89 billion by 2029 from an estimated USD 377.83 billion in 2024, at a CAGR of 4.8% during the forecast period (2024-2029).

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October 29, 2024

Surface Radars Industry worth $22.49 billion by 2029

The report "Surface Radars Market by Platform (Critical Infrastructure, Vehicle-Mounted, Shipborne, Unmanned Surface Vehicles), Application (Surveillance, Air-Defense, Perimeter Security, Battlefield ISR), Frequency Band, Dimension - Global Forecast to 2029" The global surface radars market is projected to reach USD 22.49 billion by 2029, from USD 17.26 billion in 2024, at a CAGR of 5.4%. The volume of surface radars is projected to grow from 4690 (in Units) in 2024 to 6113 (in Units) by 2029. Due to the currently existing conflicts and security threats that cross borders, governments are fortifying their defense capabilities, but most significantly in air defense, maritime surveillance, and critical infrastructure protection. Advanced radar systems are mainly important features of modern military operations because of high precision detection and tracking capabilities and integration with command and control systems.

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October 28, 2024

AI in Finance Market worth $190.33 billion by 2030

According to a research report "AI in Finance Market by Product (Algorithmic Trading, Virtual Assistants, Robo-Advisors, GRC, IDP, Underwriting Tools), Technology, Application (Fraud Detection, Risk Management, Trend Analysis, Financial Planning, Forecasting) - Global Forecast to 2030" published by MarketsandMarkets, the AI in Finance market is expected to reach USD 190.33 billion by 2030 from USD 38.36 billion in 2024, at a CAGR of 30.6% during 2024–2030.

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October 28, 2024

Al in Biotechnology Market worth $7.75 billion by 2029

The report "Al in Biotechnology Market by Function (Drug Design & Optimisation, Biomarker, SAR; Clinical Trial Design, Data Assessment, RWE, Inventory, Supply chain, Logistics; Launch, Pricing, Patient Engagement, Adverse Events), & End User - Global Forecast to 2029", is projected to reach USD 7.75 billion by 2029 from USD 3.23 billion in 2024, at a high CAGR of 19.1% during the forecast period.

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October 28, 2024

FSO & VLC / Li-Fi Industry worth $7.39 billion by 2029

The report "Free Space Optics (FSO) and Visible Light Communication (VLC)/ Li-Fi Market by FSO Component (Transmitters, Receivers, Modulators & Demodulators), VLC Component (LEDs, Photodetectors, Microcontrollers, Software) - Global Forecast to 2029" The FSO & VLC/Li-Fi market was valued at USD 2.78 billion in 2024 and is projected to reach USD 7.39 billion by 2029, growing at a CAGR of 21.6% from 2024 to 2029. The primary factor driving the growth of VLC/Li-Fi market is the faster and safer data transfer. Data transmission through VLC/Li-Fi is more secure and achieves high data rates compared to conventional wireless technologies such as Wi-Fi, Bluetooth, and Worldwide Interoperability for Microwave Access (WiMAX), which use radio waves for communication. Since light waves do not penetrate walls, they cannot be intercepted and misused. A networking speed of 100 Mbps can easily be obtained with the use of the VLC technology using LEDs.

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October 28, 2024

UV-Curable Resins Market worth $9.31 billion in 2029

The report "UV-Curable Resins Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylated Oligoamines, Acrylate Oligomers), Application, Technology, End-use Industry and Region - Global Forecast to 2029", size is expected to reach USD 9.31 billion in 2029 from USD 6.48 billion in 2024, at a CAGR of 7.5% from 2024 to 2029.

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October 28, 2024

Biodegradable Plastics Market worth $30.05 billion by 2029

The report "Biodegradable Plastics Market by Type (PLA, Starch Blends, PBAT, PHA, PBS,Cellulose Based), End-Use Industry (Packaging, Consumer Goods, Textiles, Agriculture & Horticulture), and Region- Global Forecast to 2029", biodegradable plastics market size is projected to grow from USD 9.64 billion in 2024 to USD 30.05 billion by 2029, registering a CAGR of 25.5% during the forecast period.

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October 25, 2024

Neuromorphic Computing Industry worth $1,325.2 million by 2030

According to a research report "Neuromorphic Computing Market by Offering (Processor, Sensor, Memory, Software), Deployment (Edge, Cloud), Application (Image & Video Processing, Natural Language Processing (NLP), Sensor Fusion, Reinforcement Learning) - Global Forecast to 2030" The neuromorphic computing industry is expected to grow from USD 28.5 million in 2024 and is estimated to reach USD 1,325.2 million by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 89.7% from 2024 to 2030. Growth in the neuromorphic computing industry is driven through the integration of neuromorphic computing in automotive and space operations. In space, where bandwidth is limited and the communication delay might be considered large, onboard processing capabilities are crucial. The neuromorphic processor analyzes and filters data at the point of collection, reducing the need to transmit large datasets back to Earth. whereas, in automobile sector, neuromorphic processors can make autonomous driving systems more responsive by onboard real-time processing with minimal latency so that safety is ensured along with efficiency.

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October 25, 2024

Microencapsulation Market worth $24.07 billion by 2029

According to a research report "Microencapsulation Market by Shell Material (Polymers, Gums & Resins, Lipids, Carbohydrates, Proteins), Technology, Core Material, Core Material Form, End-Use Industry, Functionality, and Region - Global Forecast to 2029" published by MarketsandMarkets, the microencapsulation market is estimated at USD 15.38 billion in 2024 and is projected to reach USD 24.07 billion by 2029, at a CAGR of 9.4% from 2024 to 2029.  

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October 25, 2024

Electric Scooter Motor Market worth $1,201.2 million by 2030

According to a research report "Electric Scooter Motor Market by Vehicle (E-Scooter/Moped, E-Motorcycle), Positioning (Hub and Mid-drive), Motor Power, Drive Type (Chain and Belt), Motor Type (PMSM and BLDC), Component & Region - Global Forecast to 2030" published by MarketsandMarkets, The global Electric Scooter Motor market is projected to grow from USD 416.0 million in 2024 to USD 1,201.2 million by 2030, registering a CAGR of 19.3%.

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October 25, 2024

AI Training Dataset Market worth $9.58 billion by 2029

According to a research report "AI Training Dataset Market by Dataset Creation (Data Collection, Data Annotation, Synthetic Data Generation), Dataset Selling (Off-the-Shelf Datasets, Dataset Marketplaces), Data Modality (Text, Image, Video, Audio, Multimodal) - Global Forecast to 2029" published by MarketsandMarkets, the market for AI Training Dataset is slated to expand from USD 2.82 billion in 2024 to USD 9.58 billion by the year 2029 at a robust CAGR of 27.7% over the forecast period

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October 24, 2024

Level Sensor Industry worth $7.64 billion in 2029

The report "Level Sensor Market by Type (Magnetostrictive, Vibratory Probe, Hydrostatic, Magnetic & Mechanical Float, Pneumatic, Guided Wave, Ultrasonic, Microwave, Optical, Capacitance Level Sensors), Sensor Type (Contact, Non-contact) - Global Forecast to 2029" The global level sensors industry size is projected to reach USD 7.64 billion in 2029 from USD 5.56 billion in 2024, with a CAGR of 6.5%. Level sensor market growth is mainly fueled by the increasing demand for accurate and reliable level measurements in several manufacturing-related industries, as well as oil and gas, chemicals, and food and beverages. In addition, the growing adoption of automation, and initiatives under Industry 4.0, accompanied by increased demand for improved process efficiency and safety, will further drive the demand for advanced-level sensing technologies. With the mounting focus on environmental monitoring and sustainability, industries are adopting advanced-level sensors for resource management and environmental compliance.

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October 24, 2024

Pharmaceutical Drying Equipment Market worth $8.18 billion by 2029

The report "Pharmaceutical Drying Equipment Market by Type (Freeze, Spray, Vacuum, Fluidized Bed), Scale of Operation (Industrial-scale, Pilot-scale, Lab-scale), End User (Pharmaceutical Companies, CDMOs, Research Universities) - Global Forecast to 2029", is valued at an estimated USD 5.80 billion in 2024. The size is projected to reach USD 8.18 billion by 2029, at a CAGR of 7.1%

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October 24, 2024

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