Home › Press Releases

Press Releases

Title	Date
Veterinary Reference Laboratory Market worth $7.8 billion in 2029 The report "Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Immunodiagnostics (ELISA), Molecular Diagnostics (PCR, Microarray)), Application (Pathology, Virology), Animal (Companion, Livestock), & Region - Global Forecast to 2029", is projected to reach USD 7.8 billion in 2029 from USD 4.6 billion in 2024, at a CAGR of 11.2% between 2024 and 2029. ...... Read More	May 7, 2024
Aerospace Composites Market worth $52.1 billion by 2029 The report "Aerospace Composites Market by Fiber Type (Glass Fiber, Carbon Fiber, Ceramic Fiber), Matrix Type (Polymer Matrix Composite, Metal Matrix Composite, Ceramic Matrix Composite), Manufacturing Process, Aircraft Type, Applications & Region - Forecast to 2029", is estimated at USD 29.1 billion in 2024 and is projected to reach USD 52.1 billion by 2029, at a CAGR of 12.3% from 2024 to 2029. The growth of the aerospace composites market is propelled by a range of factors, including the pursuit of fuel efficiency through reduced aircraft weight, enhanced 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 composites. The flexibility in design that composites offer facilitates aerodynamically superior aircraft structures, catering to rising global air traffic and robust military demands. Additionally, the industry's shift towards sustainability, seeking materials that not only perform efficiently but also have a reduced environmental impact throughout their lifecycle, significantly influences the expansion of composite applications in aerospace. ...... Read More	May 7, 2024
Virtual Reality Industry worth $38.0 billion by 2029 The report "Virtual Reality Market by Technology (Non-immersive, Semi & Fully Immersive), Offering, Device Type (Head-mounted Devices, Gesture Tracking Devices, Projectors & Display Walls), Application and Region - Global Forecast to 2029" The global virtual reality market was valued at USD 15.9 billion in 2024 and is projected to reach USD 38.0 billion by 2029; it is expected to register a CAGR of 19.1% during the forecast period. The rise in demand for virtual reality device is attributed to the growing penetration of the Metaverse, Rapid adoption of digital technologies in healthcare and gaming & entertainm sectors, Increased investments in virtual reality market, and Significant adoption of HMDs across various sectors ...... Read More	May 7, 2024
AI in Chemicals Industry worth $3.8 billion by 2029 According to a research report "AI in Chemicals Market by Hardware (Accelerators, Processors, Memory, Network), Software (Dashboard & Analytics, Process Simulation, Laboratory Management, Chemical Property Prediction, Virtual Screening), Technology (ML, NLP) - Global Forecast to 2029" published by MarketsandMarkets, the market for AI in chemicals is estimated to grow from USD 0.7 billion in 2024 to USD 3.8 billion by 2029 at a CAGR of 39.2% during the forecast period. The chemicals industry is experiencing significant transformations driven by the increased integration of AI in research and development (R&D) processes. Simultaneously, there is a growing demand for AI-enhanced chemical process optimization, aiming for efficiency, cost reduction, and environmental sustainability. These trends are further fueled by opportunities such as the rising demand for AI-based predictive maintenance, leveraging AI's capabilities for proactive equipment upkeep. Additionally, the integration of generative AI is unlocking unprecedented possibilities, revolutionizing product design, and process innovation in the chemicals sector. ...... Read More	May 7, 2024
Electric Commercial Vehicle Traction Motor Market worth $9.8 billion by 2030 According to a research report "Electric Commercial Vehicle Traction Motor Market by Vehicle Type (Pickups, Medium and Heavy-Duty Trucks, Vans, Buses), Power Output, Motor Type, Transmission, Design, Axle Architecture (Integrated, Central Drive Unit), & Region - Global Forecast to 2030" published by MarketsandMarkets, the global Electric Commercial Vehicle Traction Motor market is projected to grow from USD 2.1 billion in 2024 to USD 9.8 billion by 2030, registering a CAGR of 28.8%. ...... Read More	May 7, 2024
Sustainable Manufacturing Industry worth $367.2 billion by 2029 The report "Sustainable Manufacturing Market by Offering (Recycled Lithium Ion Batteries, Recycled Metals, Recycled Plastics, Recycled Carbon Fiber, Natural Fiber Composites, Bioplastics & Biopolymers, Water Recycle & Reuse) and Region - Global Forecast to 2029" The global Sustainable Manufacturing Industry Size is expected to be valued at USD 215.4 billion in 2024 and is projected to reach USD 367.2 billion by 2029; it is expected to grow at a CAGR of 11.3 % from 2024 to 2029. Several factors are propelling the growth of the Sustainable manufacturing industry across diverse industries, including recycled materials, energy-efficient processes, and biobased materials. Regulatory policies, cost savings, and consumer demand for eco-friendly products drive the market for these offerings. Technological advancements, industry collaborations, and certifications enable efficient practices and promote the best standards, accelerating growth in the market. ...... Read More	May 6, 2024
Luxury Vinyl Tiles Market worth $35.9 billion by 2029 The report "Luxury Vinyl Tiles Market by Type (Rigid And Flexible), End-Use Sector (Residential And Commercial), And Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) - Global Forecast to 2029", is projected to grow from USD 18.8 billion in 2024 to USD 35.9 billion by 2029, at a CAGR of 13.7% during the forecast period. The luxury vinyl tiles market is projected to increase in parallel to the growth of the construction industry across the globe. Factors such as an innovation in flooring solutions, increase in the residential and non-residential constructions, rising number of remodeling projects, along with a high demand for durable LVTs that can resist various weathering actions and chemical attacks & deterioration are factors expected to support the market growth during the forecast period. ...... Read More	May 6, 2024
Injectable Drug Delivery Industry worth $1139.4 billion by 2029, with a CAGR of 8.6% The report "Injectable Drug Delivery Market by Type (Device, Formulation), Therapeutic (Infectious diseases,Cancer), Usage Pattern (Immunization), Administration (Skin, Musculoskeletal), Distribution Channel ,Patient Care Setting, & Region - Global Forecast to 2029 ", is valued at an estimated 754.5 billion in 2024 and is projected to reach USD 1139.4 billion by 2029, at a CAGR of 8.6% during the forecast period. ...... Read More	May 6, 2024
Cloud-based Contact Center Industry worth $86.4 billion by 2029 According to a research report "Cloud-based Contact Center Market by Software (Omnichannel Routing, Workforce Engagement, Reporting & Analytics, Customer Engagement), Engagement (Inbound, Outbound), Communication Channel (Voice, Digital, and Self-service) - Global Forecast to 2029" published by MarketsandMarkets, the cloud-based contact center market is projected to grow from USD 26.2 billion in 2024 to USD 86.4 billion by 2029, at a compound annual growth rate (CAGR) of 26.9% during the forecast period. The cloud-based contact center market is expected to grow significantly during the forecast period, owing to various business drivers like rising requirement for customized and streamlined engagements, increasing significance of social media in contact center operations, sustained adoption of cloud technology in contact center infrastructure, and rapid rise in the implementation of next-gen contact center technologies. ...... Read More	May 6, 2024
Distribution Transformer Market worth $24.9 billion by 2029 According to a research report "Distribution Transformer Market by Mounting (Pad, Pole, Underground), Phase (Three and Single), Power Rating (Up to 0.5 MVA, 0.5-2.5 MVA, 2.5-10 MVA, Above 10 MVA), Insulation(Oil Immersed, Dry), End User and Region - Global Forecast to 2029" published by MarketsandMarkets, the market size for distribution transformers is projected to reach approximately USD 24.9 billion by the year 2029, as compared to the estimated value of USD 18.5 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 6.1% over the forecast period. The global distribution transformer market is fueled by a confluence of factors driving growth and shaping industry trends. The need for reliable and efficient power delivery necessitates investments in expanding power grids to reach new consumers and upgrading aging infrastructure. This translates to a demand for new distribution transformers across various regions. As the global population rises and economies develop, the overall demand for electricity is steadily increasing. This necessitates an expansion of distribution networks and transformers to cater to the growing power needs of residential, commercial, and industrial sectors. ...... Read More	May 6, 2024
Digital Map Industry worth $47.8 billion by 2029 According to a research report "Digital Map Market by Solution (Mapping Data, Geographic Information System [GIS], Web Mapping, GPS-enabled), Mapping Type (3D & 4D Metaverse, Indoor, Outdoor), Purpose (Real-time Traffic, Satellite, Navigation, Thematic Maps) - Global Forecast to 2029" published by MarketsandMarkets, the digital map market is expected to grow from USD 28.3 billion in 2024 to USD 47.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period. A digital map visually represents spatial information, including streets, landmarks, topography, transportation networks, points of interest, and more. To create detailed and interactive representations of the physical world, utilize various data sources and technologies, including satellite imagery, aerial photography, geographic information systems (GIS), and crowdsourced data. ...... Read More	May 3, 2024
IoT Technology Industry worth $1,377.8 billion by 2029 The report "IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography - Global Forecast to 2029" The IoT technology industry size is projected to grow from USD 945.6 billion in 2024 to USD 1,377.8 billion by 2029, registering a CAGR of 7.8% during the forecast period. The market growth is attributed to increased potential for the incorporation of IoT in electric and hybrid vehicles and accelerated IoT adoption in the healthcare sector. Furthermore, the government incentives and aids for development of IoT technologies and rise in the development of smart cities are expected to create lucrative opportunities for the market. ...... Read More	May 3, 2024
Rare Earth Metals Market worth $10.9 billion by 2029 The report "Rare Earth Metals Market by Type (Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Europium Oxide), Application (Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Phosphors, Catalysts), and Region - Global Forecast to 2029", size is projected to grow from USD 6.0 billion in 2024 and is projected to reach USD 10.9 Billion by 2029, at a CAGR of 12.6%. The increasing use of rare-earth elements in permanent magnet applications is expected to fuel the growth of the rare-earth metals market. The Asia-Pacific (APAC) region is the fastest-growing market for rare-earth metals due to increased production and consumption in China. The substantial use of permanent magnets in various industries provides a strong boost to these advanced materials, propelling the rare-earth metals market in the region. ...... Read More	May 3, 2024
Armored Vehicles Industry Worth $60.7 billion by 2029 The report "Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Vehicles), Mobility (Wheeled, Tracked), Type, Systems, Mode of Operation (Manned, Unmanned), Point of sale and Region - Global Forecast to 2029" The market is valued at USD 51.6 billion in 2024 and is projected to reach USD 60.7 billion by 2029, at a CAGR of 3.3% from 2024 to 2029. The armored vehicle market experiences growth and evolution driven by various factors. Rising geopolitical tensions and terrorism prompt nations to enhance defense capabilities, fueling demand for armored vehicles. Global military modernization programs, aiming to replace aging fleets with advanced technology-equipped vehicles, boost market demand. Innovations in armor materials, vehicle design, and weapon systems attract investments and propel market growth. ...... Read More	May 3, 2024
Railway Management System Industry worth $87.3 billion by 2029 According to a research report "Railway Management System Market by Solutions (Rail Operations Management, Rail Traffic Management, Asset Management, Intelligent In-train, Safety, Security), Rail Traffic Management (Signaling, Centralized Traffic Control) - Global Forecast to 2029 published by MarketsandMarkets, the railway management system market size is projected to grow from from USD 57.1 billion in 2024 to USD 87.3 billion by 2029, at a CAGR of 8.9% during the forecast period. Innovations such as Internet of Things (IoT), artificial intelligence (AI), big data analytics, and cloud computing are transforming the railway management landscape. These technologies enable predictive maintenance, automated operations, and data-driven decision-making, leading to better performance and reliability. ...... Read More	May 2, 2024
Savory Ingredients Industry worth $12.1 billion by 2029 According to a research report "Savory Ingredients Market by Ingredient Type (Monosodium Glutamate, Yeast Extracts, HVPS, HAPs, Nucleotides), Form (Powder, Liquid), Origin (Natural, & Synthetic), Application (Food, Feed) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global savory ingredients market, valued at USD 9.4 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 12.1 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 5.2% during the forecast period. ...... Read More	May 2, 2024
cardiac monitoring & cardiac rhythm management devices Industry Worth $26.4 billion by 2029, with a CAGR of 4.3% The report "Cardiac Monitoring & Cardiac Rhythm Management Devices Market by Monitoring (ECG (Holter, ILR), COM), Rhythm Management (Defibrillators (ICD, AED), Pacemaker), Application (Heart Failure, Arrhythmias, MI), Procedure (Invasive) - Global Forecast to 2029"global cardiac monitoring & cardiac rhythm management devices market is expected to reach USD 26.4 billion by 2029 from USD 21.3 billion in 2024, at a CAGR of 4.3% during the forecast period. ...... Read More	May 2, 2024
Automated Material Handling Equipment Industry worth $51.0 billion by 2029 The report "Automated Material Handling Equipment Market by Product (Autonomous Mobile Robots, Cobot Palletizers, Automated Storage & Retrieval Systems, Conveyors Systems, Warehouse Management System, Automated Guided Vehicles), Region - Global Forecast to 2029" The global Automated Material handling Equipment market size is anticipated to grow from USD 33.3 billion in 2024 to USD 51.0 billion by 2029, at a CAGR of 8.9% from 2024 to 2029. The rapid advancement in integrating Industry 4.0 principles with automated material handling equipment, combined with the incorporation of IoT and data analytics, alongside heightened labor expenses and safety concerns, is expected to drive the expansion of the Automated Material Handling Equipment Market. ...... Read More	May 2, 2024
Engineered Wood Adhesives Market worth $10.5 billion in 2029 The report "Engineered Wood Adhesives Market by Resin (Melamine Formaldehyde, Phenol Resorcinol Formaldehyde), Product (CLT, OSB, MDF, LVL), Technology (Solvent-Based, Water-Based), Application (Structural, Non-Structural), and Region - Global Forecast to 2029", size is projected to grow from USD 8.7 billion in 2024 to USD 10.5 billion in 2029, at a CAGR of 3.7%. The construction industry’s demand for eco-friendly and healthier adhesives and the rising need to improve performance, durability, and aesthetics are key factors contributing to the growth of the engineered wood adhesives market. The growing investment in emerging markets is expected to create growth opportunities for the market players globally. However, stringent and time-consuming regulatory policies act as a challenge for market players. ...... Read More	May 2, 2024
Autonomous Driving Software Market worth $7.0 billion in 2035 According to a research report "Autonomous Driving Software Market by Level of Autonomy (L2+, L3, L4), Vehicle Type (Passenger Cars, Commercial Vehicles), Propulsion (ICE, Electric), Software Type (Perception & Planning, Chauffeur, Interior Sensing, Monitoring) - Global Forecast to 2035" published by MarketsandMarkets, the global autonomous driving software market is projected to grow from USD 1.8 billion in 2024 to USD 7.0 billion in 2035, at a CAGR of 13.3%. ...... Read More	May 2, 2024
Automotive E-Compressor Industry worth $18.9 billion by 2033 According to a research report "Automotive E-Compressor Market by Compressor Type (Scroll, Rotary Screw, Centrifugal, Reciprocating, Axial), Technology (VFD, Fixed Speed), Capacity (Small, Medium, Large), Vehicle Type, Propulsion (BEV, PHEV, HEV & FCEV) - Global Forecast to 2033" published by MarketsandMarkets, the automotive e-compressor market is projected to reach USD 18.9 billion by 2033, from an estimated USD 6.6 billion in 2024, at a CAGR of 12.5% during the forecast period. ...... Read More	May 1, 2024
Enteral Feeding Devices Market worth $5.6 billion in 2029 The report "Enteral Feeding Devices Market by Type (Tubes, Pump, Syringes, Administration Sets), Age Group (Adult, Pediatric), Application (Oncology, Gastrointestinal, & Neurological Disorders, Diabetes), End User (Hospital, Home Care, ACS) - Global Forecast to 2029", is projected to reach 5.6 billion in 2029 from USD 4.0 billion in 2023, at a CAGR of 6.2% between 2023 and 2029. ...... Read More	May 1, 2024
Medical Sensors Industry worth $3.6 billion by 2029 The report "Medical Sensors Market by Sensor Type (Pressure, Temperature, ECG, Image, Touch, Blood Oxygen, Blood Glucose Sensor), End-Use Product, Medical Procedure (Invasive, Noninvasive), Device Classification, Medical Facility & Region - Global Forecast to 2029" The medical sensors market is valued at USD 2.4 billion in 2024 and is projected to reach USD 3.6 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Rising demand for wearable medical devices, growing elderly population and increasing life expectancy, burgeoning expenditure on healthcare, increasing adoption of sensors in portable and connected medical devices, and surging adoption of IoT-based medical devices. ...... Read More	May 1, 2024
Perimeter Security Industry worth $114.2 billion by 2029 According to a research report "Perimeter Security Market by Component (Systems & Services), System (Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarm & Notification Systems, Barrier Systems), Services Region - Global Forecast to 2029" published by MarketsandMarkets, the global Perimeter Security market size is projected to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029 at a CAGR of 7.0% during the forecast period. The perimeter security market is primarily driven by rising security concerns from terrorism, criminal activities, and illegal immigration. Technological advancements in surveillance and detection, such as intelligent video analytics and biometric systems, and the need to secure critical infrastructure in key sectors are significant contributors. Regulatory demands and the integration of AI and ML technologies also boost the market, enhancing system adaptability and effectiveness. ...... Read More	May 1, 2024
Oxygen-Free Copper Market worth $40.4 billion by 2029 The report "Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wires, Strips, Busbar & Rods), End-use Industry (Electronics & Electrical, Automotive), and Region( North America, Europe, APAC, MEA, South America) - Global Forecast to 2029", size is projected to grow from USD 30.9 billion in 2024 to USD 40.4 billion by 2029, at a CAGR of 5.5% during the forecast period. ...... Read More	May 1, 2024
Dental Bone Graft Substitutes Market worth $1.8 billion in 2029 The report "Dental Bone Graft Substitutes Market by Type ( Xenograft, Allograft, Synthetic Bone Grafts, Alloplast), Application (sinus Lift, Ridge Augumentation, Socket Preservation), Product (BioOss, Osteograf, Grafton), End User, Region- Global Forecast to 2029", is projected to reach 1.8 billion in 2029 from USD 1.3 billion in 2024, at a CAGR of 7.7% between 2024 and 2029. ...... Read More	April 30, 2024
In-building Wireless Industry worth $35.5 billion by 2029 According to a research report "In-building Wireless Market by Offering (Infrastructure {Distributed Antenna System (DAS) and Small Cells}, Services), End User (Commercial Campuses, Government, Transportation & Logistics, Entertainment & Sports Venues) - Global Forecast to 2029 published by MarketsandMarkets, the In-building wireless market is expected to reach USD 35.5 billion by 2029 from USD 20.0 billion in 2024, at a CAGR of 12.1 % during 2024–2029. ...... Read More	April 30, 2024
Aircraft Seating Industry worth $11.2 billion by 2029 The report "Aircraft Seating Market by Seat Type (Passenger Seat, Pilot, & Crew Seat), Platform (Narrow Body, Wide Body Aircraft, Business Jet, Commercial Helicopter, Light Aircraft, UAM), End-User, Seat Material, Standard and Region - Global Forecast to 2029" The Aircraft Seating Industry is estimated to be USD 8.9 billion in 2024 and is projected to reach USD 11.2 billion by 2029, at a CAGR of 4.8% from 2024 to 2029. The aircraft seating market is experiencing robust growth driven by advancements in material science and ergonomic design. Innovations such as lightweight composites, enhanced passenger comfort technologies, and modular seating solutions are pivotal. Integration of smart technologies for personalized experiences and improved maintenance capabilities further accelerates this growth. ...... Read More	April 30, 2024
Grafted Polyolefins Market worth $2.3 billion by 2029 The report "Grafted Polyolefins Market by Type (Maleic Anhydride Grafted PE, Maleic Anhydride Grafted PP, Maleic Anhydride Grafted EVA), Application (Adhesion Promotion, Impact Modification, Compatibilization, Bonding), End-Use Industry - Global Forecast 2029", size is projected to grow from USD 1.8 billion in 2024 to USD 2.3 billion by 2029, registering a CAGR of 4.8% during the forecast period. The grafted polyolefins market is poised for substantial growth, propelled by diverse opportunities across industries such as increasing demand for lightweight and high-performance materials in industries like as automotive, packaging, and construction, where grafted polyolefins provide improved adhesion, durability, and chemical resistance. Furthermore, the increased awareness of environmental sustainability encourages the use of grafted polyolefins because of their capacity to reduce material consumption and increase product lifespan. ...... Read More	April 30, 2024
Battery Cyclers Industry worth $1,609 million by 2029 The report "Battery Cyclers Market by Battery (Lithium-ion, Lead Acid, Nickel-based, Solid-State), Application (End-of-Line, Research), Function (Cell, Module, Pack Testing), Industry (Automotive, Consumer Electronics, Energy) and Region - Global Forecast to 2029" The global battery cyclers market size is projected to grow from USD 794 million in 2024 to USD 1,609 million by 2029 at CAGR of 15.2% during the forecast period. Battery cyclers are essential workhorses in battery technology, playing critical roles in both research and development as well as in the manufacturing process. In research applications, they enable precise control over charging and discharging processes, facilitating tests to understand battery behavior and optimize design. Meanwhile, in manufacturing, battery cyclers ensure battery quality, reliability, and safety through meticulous end-of-line testing procedures. ...... Read More	April 30, 2024

Home › Press Releases

Press Releases

How can we help you?