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Home › Press Releases
Press Releases
Title | Date |
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Non-dispersive Infrared (NDIR) Industry worth $965 million by 2029According to a research report "Non-dispersive Infrared (NDIR) Market by Gas Type (Carbon Dioxide, Hydrocarbons, Refrigerant, Acetylene, Ethylene, Sulphur Hexafluoride, Carbon Monoxide, Anesthetic, VOCs, Hydrogen Sulphide, Chlorine), Product (Fixed, Portable) - Global Forecast to 2029" The NDIR Industry Size is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029; it is expected to grow at a CAGR of 7.2% during the forecast period. The increasing demand for NDIR gas sensors in industries like automotive & transportation, industrial & manufacturing, food & beverages etc is fuelling NDIR Industry growth. Restraints such as intense pricing pressure resulting in decreased average selling price hinder market growth. However, factors such as growing adoption of gas sensors in consumer electronics provide lucrative opportunities for market players in coming years. ...... Read More |
April 2, 2024 |
Fake Image Detection Industry worth $3.9 billion by 2029According to a research report "Fake Image Detection Market by Offering (Solutions and Services), Target User, Technology, Application, Deployment Mode (On-premises and Cloud), Organization Size (Large Enterprises and SMEs), Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the Fake image detection market size is projected to grow from USD 0.6 billion in 2024 to USD 3.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 41.6% during the forecast period. The key driver for the adoption of fake image detection solutions lies in the imperative to mitigate potential legal liabilities and reputational risks. With the increasing sophistication of image manipulation tools and the rapid spread of fake images across various online platforms, organizations face heightened scrutiny and potential legal consequences for inadvertently disseminating or failing to detect such content. Therefore, the adoption of robust detection technologies serves to protect users from misinformation and shields organizations from legal liabilities, regulatory sanctions, and damage to their brand reputation, thereby encouraging proactive investment in fake image detection solutions. ...... Read More |
April 2, 2024 |
EV Charging Station Market worth $12.1 billion by 2030According to a research report "EV Charging Station Market by Application, Level of Charging, Charging Point, Charging Infrastructure, Operation, DC Fast Charging, Charge Point Operator, Connection Phase, Service, Installation and Region - Global Forecast to 2030" published by MarketsandMarkets, the global EV Charging Station Market is projected to grow from USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. ...... Read More |
April 2, 2024 |
FEP Heat Shrink Medical Tubing Market worth $208 million by 2029The report "FEP Heat Shrink Medical Tubing Market by Heat Shrink Ratio (1.3:1, 1.6:1. 2:1 & above), Application (Catheter Delivery Devices, Surgical & Vascular Instruments, Fixing Flexible Joints, Electrical Insulation), Product Type, Region - Global Forecast to 2029", is estimated to be USD 145 million in 2024, and it is projected to reach USD 208 million by 2029 at a CAGR of 7.4%. The growth of the FEP HEAT SHRINK MEDICAL TUBING market is primarily driven by the growing surgical instrument market which helps to generate the demand for FEP heat shrink medical tube across the industry. Apart from this, the increasing demand for microcatheters also helps to drive the market. Elevated prices of FEP heat shrink medical tube as compared to conventional heat shrink medical tube, becomes the main restraining factor in this market. However, the rising government expenditure for the development of advanced health care infrastructure, provides lucrative opportunities for FEP heat shrink medical tube producers. Infections & complications associated with catheter usage, and high cost of producing & marketing medical tubing products, are the major challenge of this market. ...... Read More |
April 2, 2024 |
Nurse Call Systems Market worth $4.0 billion by 2029The report "Nurse Call Systems Market by Type (Button-based, Integrated Communication, Intercom, Mobile System), Technology (Wired, Wireless), Application (Alarm & Communication, Workflow Optimization, Wanderer Control, Fall Detection) - Global Forecast to 2029", is valued at an estimated USD 2.5 billion in 2024 and is projected to reach USD 4.0 billion by 2029 at a CAGR of 10.2% during the forecast period. ...... Read More |
April 2, 2024 |
Collaborative Robot Industry worth $11.8 billion by 2030The report "Collaborative Robot Market by Payload (Up to 5 kg, 5-10 kg, 10-25 kg, & More than 25 kg), Application (Handling, Assembling & Disassembling, Dispensing), Industry (Automotive, Electronics, Metals & Machining) & Region - Global Forecast to 2030" The Collaborative Robot industry size is projected to grow from USD 1.9 billion in 2024 and is estimated to reach USD 11.8 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 35.2% from 2024 to 2030. The growth of the Collaborative Robot industry is driven by higher return on investment than traditional industrial robotic systems; increased demand in e-commerce and logistics sectors; significant benefits in businesses of all sizes; easy programming of cobots. ...... Read More |
April 1, 2024 |
Mass Notification System Industry worth $65.1 billion by 2029According to a research report "Mass Notification System Market by Offering (Software, Hardware (Fire Alarm System, Visual Alert Devices, Sirens), Services), Communication, Application (Critical Event Management, Public Safety & Warning), Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for mass notification system is projected to grow from USD 23.8 billion in 2024 to USD 65.1 billion by 2029, at a CAGR of 22.3% during the forecast period. Recognized as a vital component of organizational safety initiatives, mass notification systems streamline safety protocols by swiftly delivering predefined messages that alert individuals to various situations and provide clear safety directives. Whether facing natural disasters or security threats, these systems ensure precise communication, minimizing confusion, and facilitating prompt adherence to safety procedures. Integration of mass notification systems empowers organizations to effectively address risks, prioritizing the well-being of personnel and safeguarding assets. Serving as a fundamental pillar in fortifying safety endeavors, these systems elevate overall preparedness and reinforce efficient crisis management strategies. ...... Read More |
April 1, 2024 |
Kombucha Market worth $5.9 billion by 2029According to a research report "Kombucha Market by Product Type (Hard, Conventional), Type (Natural, Flavored), Nature (Organic, Inorganic), Packaging (Bottle, Can), Distribution Channel & Region - Global Forecast to 2029" published by MarketsandMarkets, the global kombucha market is estimated at USD 2.4 billion in 2024 and is projected to reach USD 5.9 billion by 2029, at a CAGR of 19.4% during the forecast period. The global kombucha market has witnessed remarkable growth in recent years, driven by factors Such as increasing consumer awareness regarding the health benefits associated with kombucha consumption, such as improved digestion, boosted immune system, and detoxification properties, which are driving demand. Additionally, the rising trend of healthier beverage options and the shift towards natural and organic products are further fueling market growth. Furthermore, the availability of a wide range of flavors and variants catering to diverse consumer preferences is expanding the consumer base. Moreover, the growing emphasis on sustainability and eco-friendly production methods in the beverage industry encourages the adoption of kombucha, as it is often perceived as a more environmentally friendly option than traditional carbonated soft drinks. ...... Read More |
April 1, 2024 |
Rapid Microbiology Testing Market worth $8.3 billion by 2029The report "Rapid Microbiology Testing Market by Product (Instruments (Automated Identification System, PCR, Mass Spectrometer) Reagent, Kits), Method (Growth, Nucleic Acid, Viability), Application (Clinical Diagnosis, Industrial, Research) - Global Forecast to 2029", is valued at an estimated USD 5.2 billion in 2024 and is projected to reach USD 8.3 billion by 2029 at a CAGR of 10.1% during the forecast period. ...... Read More |
April 1, 2024 |
Fire Resistant Tapes Market worth $1.1 billion by 2028The report "Fire Resistant Tapes Market by Coating Type, Type (Nomex, Acetate, PPS, Glass Cloth, PVC, Polyimide), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive, Aerospace & Defense), & Region - Global Forecast to 2028", is estimated at USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The growth of the Fire Resistant Tapes Market is being driven by a number of factors, including increasing demand from construction applications, increasing usage of fire-resistant materials in various industries, and increasing demand for fire resistant tapes from automotive industry. The high processing and manufacturing cost of fire resistant tapes, lack of standardization in manufacturing technologies could hinder market growth. Technological advancements and innovation, rapid industrialization in developing countries will boost the Fire Resistant Tapes Market. ...... Read More |
April 1, 2024 |
Closed System Transfer Devices Market worth $2.5 billion in 2029The report "Closed System Transfer Devices Market by Type (Membrane-to-Membrane, Needleless), Technology, Component (Vial Access Device, Male luer, Bag Spike, Female Component), End User (Hospitals & Clinics, Oncology Center) - Global Forecast to 2029", is projected to reach USD 2.5 billion in 2029 from USD 1.1 billion in 2024, at a CAGR of 14.5% between 2024 and 2029. ...... Read More |
March 29, 2024 |
Rail Composites Market worth $2.4 billion by 2028The report "Rail Composites Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin Type (Polyester, Phenolic, Epoxy, Vinyl Ester), Manufacturing Process (Lay-up, Injection Molding, Compression Molding, RTM), Application, & Region - Global Forecast to 2028", is estimated at USD 1.7 billion in 2023 and is projected to reach USD 2.4 billion by 2028, at a CAGR of 7.2% from 2023 to 2028. A composite is manufactured by physically combining two or more materials (components) to produce a blend of structural properties not present in any individual component. Composite those are used in rail interior, exterior, and other components are considered as rail composite. The rail composites market is mainly dominated by glass composites. The market of carbon composite is significantly smaller than that of glass composite, which is the main reason for its oligopolistic market structure. ...... Read More |
March 29, 2024 |
Actuators Industry worth $94.8 billion by 2029According to a research report "Actuators Industry by Actuation (Electric, Hydraulic, Pneumatic), Application (Industrial Automation, Robotics, Vehicle Equipment), Type (Linear Actuator, Rotary Actuator), Vertical (FnB, Oil & Gas, Mining) and Region - Global Forecast to 2029" The Actuators Industry is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029. The growth can be attributed to growing industrial automation and use of robots in various sectors like manufacturing and transportation, Developments in areas like sensor technology, connectivity, and control systems, The increasing demand for actuators is fueled by the expansion of sectors like healthcare (medical devices), oil & gas, and aerospace & defense, and The need for improved process control, energy efficiency, and safety regulations in various industries. ...... Read More |
March 29, 2024 |
Micro-Electro-Mechanical System (MEMS) Industry worth $24.2 billion by 2029The report "Micro-Electro-Mechanical System (MEMS) Market by Sensor Type (Inertial Sensor, Pressure Sensor, Microphone), Actuator Type (Optical, Radio Frequency), Vertical (Automotive, Consumer Electronics, Industrial) and Region - Global Forecast to 2029" The Micro-electro-mechanical System (MEMS) industry size is projected to grow from USD 16.5 billion in 2024 and is estimated to reach USD 24.2 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.9% from 2024 to 2029. The growth of the MEMS market is driven by the growing adoption of RF MEMS technology in consumer electronics and LTE networks, Proliferation of IoT devices by manufacturing firms, Growing adoption of smart consumer electronics. ...... Read More |
March 29, 2024 |
Automotive Fabrics Market worth $51.4 billion by 2029The report "Automotive Fabrics Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Trucks, Buses & Coaches), Application (Floor Coverings, Upholstery, Pre-Assembled Interior Companents, Tires, Safety-Belts, Airbags)- Global Forecast to 2029", size is estimated to be USD 40.5 billion in 2024 and is projected to reach USD 51.4 billion by 2029, at a CAGR of 4.9%, between 2024 and 2029. ...... Read More |
March 28, 2024 |
Retail Analytics Industry worth $25.0 billion by 2029According to a research report "Retail Analytics Market by Software (Predictive Analytics, Prescriptive Analytics), Business Function (Sales and Marketing, Finance and Accounting), Application (CRM, Returns Management, Merchandize Planning), End User and Region - Global Forecast to 2029" published by MarketsandMarkets, the retail analytics market is projected to grow from USD 8.5 billion in 2024 to USD 25.0 billion by 2029, at a compound annual growth rate (CAGR) of 24.0% during the forecast period. The retail analytics market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing increasing adoption of omni-channel retail strategies, exponential growth of e-commerce platforms, and proliferation of data generated through diverse channels is also responsible for driving the market’s growth. ...... Read More |
March 28, 2024 |
Endoscopy Equipment Market worth $46.2 billion by 2029The report "Endoscopy Equipment Market by Product (Endoscope (Flexible, Disposible, Rigid, Capsule, Robot-assisted), Visualization Systems (Video Converters, Recorders, Processors)), Application, End User, and Region - Global Forecast to 2029", is projected to reach USD 46.2 billion by 2029 from USD 32.3 billion in 2024, at a CAGR of 7.4%. ...... Read More |
March 28, 2024 |
Predictive Maintenance Industry worth $47.8 billion by 2029According to a research report "Predictive Maintenance Market Size, by Technology (Analytics, Data Management, AI, IoT Platform, Sensors), Technique (Vibration Analysis, Infrared Thermography, Oil analysis, Motor Circuit Analysis, Acoustic Monitoring) - Global Forecast to 2029" published by MarketsandMarkets, the market for predictive maintenance is estimated to grow from USD 10.6 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1% during the forecast period. The driving factors for the predictive maintenance market include the widespread adoption of emerging technologies like IoT sensors and data analytics, enabling real-time monitoring of equipment health. The integration of machine learning (ML) and artificial intelligence (AI) algorithms allows for predictive analysis of potential failures, reducing downtime and optimizing asset performance. Organizations are increasingly focused on cost savings and operational efficiency, driving the need for proactive maintenance strategies to minimize unplanned downtime and maximize productivity. Additionally, regulatory requirements and the shift towards predictive analytics-driven decision-making further contribute to the growth of the predictive maintenance market. ...... Read More |
March 28, 2024 |
Wireless Testing Industry worth $34.1 billion by 2029The report "Wireless Testing Market by Offering (Equipment, Services), Technology (5G, Bluetooth, Wi-Fi, 2G/3G, 4G/LTE, GPS/GNSS), Application (Consumer Electronics, IT & telecommunication, Medical Devices, Aerospace & Defense) & Region - Global Forecast to 2029" The wireless testing industry size is projected to grow from USD 22.6 billion in 2024 to USD 34.1 billion by 2029, registering a CAGR of 8.6% during the forecast period. The market growth is attributed to Advancements in wireless technology and gowing popularity of automated cars. Furthermore, the adoption of Wi-Fi 6 (802.11ax) and Wi-Fi 6E with enhanced wireless capabilities, including high data rates and improved efficiency is expected to create lucrative opportunities for the market. ...... Read More |
March 28, 2024 |
Americas Cables Market worth $10.9 billion by 2029According to a research report "Americas Cables Market by Polymer and Insulation Type (Semiconducting polymer, XLPE, EPR, HEPR, low Voltage Cables), Semiconducting Layer (Inner & Outer Semiconducting layer), Application, Voltage, End User & Region – Global Forecast to 2029" published by MarketsandMarkets, the Americas Cables market is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period. ...... Read More |
March 28, 2024 |
PLGA Market worth $321 Million by 2030The report "PLGA Market by Composition, Application (Medical, Non-Medical Applications), Processibility (Extrusion, Injection Molding), End-Use Industry (Healthcare, Biotech Firms, Medical Institutions, Packaging, Textile, Agriculture) - Global Forecast to 2030", is projected to reach USD 321 Million by 2030, at a CAGR of 16.6% from USD 125 Million in 2024. ...... Read More |
March 27, 2024 |
Solid State Cooling Industry worth $1.5 billion by 2029The report "Solid State Cooling Market by Product (Refrigerators, Freezers, Air Conditioners, Chillers, Coolers), Type (Single-stage, Multi-stage, Thermocycler), Technology (Thermoelectric, Electrocaloric, Magnetocaloric), Vertical, Region - Global Forecast to 2029" The global solid state cooling industry size is expected to be valued at USD 0.8 billion in 2024 and is projected to reach USD 1.5 billion by 2029; it is expected to grow at a CAGR of 13.6% from 2024 to 2029. As companies and consumers seek innovative and sustainable cooling solutions, the solid state cooling market continues to expand, driven by the need for more efficient thermal management solutions in an increasingly interconnected and energy-conscious world. ...... Read More |
March 27, 2024 |
ADAS Market worth 655 million Units by 2030According to a research report "ADAS Market by Offering (Hardware (Camera, Radar, LiDAR, Ultrasonic, ECU), Software (Middleware, Application Software & OS)), System Type, Vehicle Type (PC, LCV, HCV), Level of Autonomy, Vehicle Class, EV type and Region - Global Forecast to 2030" published by MarketsandMarkets, the global ADAS market size is projected to grow from 334 Million Units in 2024 to 655 Million Units by 2030, at a CAGR of 11.9%. The increasing demand for electric and autonomous vehicles is expected to increase the demand for ADAS. Additionally, continuous innovation in connected car features will boost the demand for ADAS. ...... Read More |
March 27, 2024 |
In Vitro Diagnostics Market worth $119.4 billion by 2029The report "In Vitro Diagnostics Market by Product & Service (Instruments, Kits, Software), Technology (Immunoassay, Hematology, Urinalysis), Specimen (Blood, Saliva), Test Type, Application (Oncology, Autoimmune, CVD, Infectious Diseases) - Global Forecast to 2029", is projected to reach USD 119.4 billion by 2029 from USD 85.2 billion in 2024, at a CAGR of 6.9% during the forecast period. Growth in the IVD market is mainly driven by the growing awareness of early diasease diagnosis, emergence of rapid PoC technologies, and rising adoption of automated analyzers. Introduction of disease-specific biomarkers and tests, and growth opportunities in emerging economies also contribute to the growth of the IVD market. However, an unfavorable reimbursement scenario is expected to restrain the growth of this market during the forecast period. ...... Read More |
March 27, 2024 |
Image Recognition Industry worth $98.6 billion by 2029According to a research report "Image Recognition Market by Offering (Hardware, Software, Service), Technology (QR/barcode, Digital Image Processing, Facial Recognition), Application (Scanning & Imaging, Security & Surveillance, Image Search, Augmented Reality) - Global Forecast to 2029" published by MarketsandMarkets, the global image recognition market will grow from USD 46.7 billion in 2024 to USD 98.6 billion by 2029 at a compounded annual growth rate (CAGR) of 16.1% during the forecast period. ...... Read More |
March 27, 2024 |
Cell Culture Market worth $57.9 billion by 2029The report "Cell Culture Market by Product (Consumables (Media, Sera, Reagents), Vessels (Roller Bottle, Cell Factory, Flask), Equipment (SU Bioreactor, Storage, Incubators, Filtration)), Application (mAbs, Vaccines, Regenerative Medicine) - Global Forecast to 2029", is projected to reach USD 57.9 billion by 2029 from an estimated USD 30.9 billion in 2024, at a CAGR of 13.4% during the forecast period of 2024 to 2029. Some of the factors contributing to the growth of the global cell culture market includes increasing fundings and support from government and private organizations for cell-based research, growing popularity for biosimilars and monoclonal antibodies, and growth in advanced therapy medicinal products. However, high cost of cell biology research and limitations in producing high density cell culture are expected to hinder market growth. ...... Read More |
March 26, 2024 |
Enterprise Video Industry worth $35.8 billion by 2029According to a research report "Enterprise Video Market by Solutions (Video Conferencing, Video Content Management, Webcasting), Application (Corporate communications, Training & Development, Marketing & Client Engagement), Vertical (BFSI, Telecom, Retail) - Global Forecast to 2029" published by MarketsandMarkets, the Enterprise video market size is expected to grow from USD 23.8 billion in 2024 to USD 35.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period. Some crucial driving factors that leverage market growth include enhanced employee engagement and training, globalization and cross-border communication, integration of AI and analytics in video solutions, and demand for personalized customer experiences, among others. ...... Read More |
March 26, 2024 |
Yeast Industry worth $8.5 billion by 2029According to a research report "Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotic Yeast), Application (Food, Feed), Form (Fresh, Instant, Active), Genus (Saccharomyces, Kluveromyces), Yeast extract (Qualitative) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global yeast market, estimated to be valued at USD 5.5 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 8.5 billion by 2029, indicating a robust CAGR of 8.9% during the forecast period. The yeast market has experienced significant growth in recent years, driven by the expanding demand for bakery products, alcoholic beverages, and animal feed. With yeast being a crucial ingredient in these sectors, advancements in biotechnology and fermentation processes have enabled manufacturers to produce high-quality yeast strains efficiently. ...... Read More |
March 26, 2024 |
Core Materials Market worth $3.0 billion by 2028The report "Core Materials Market by Type (Foam, Balsa, and Honeycomb), End- use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Region - Global Forecast to 2028", size is 1.6 billion in 2023 and is estimated to reach USD 3.0 billion by 2028, at a CAGR of 13.5%, during the forecast period. ...... Read More |
March 26, 2024 |
Optical Transceiver Industry worth $25.0 billion by 2029According to a research report "Optical Transceiver Market by Form Factor (SFF and SFP; SFP+ and SFP28; XFP; CXP), Data Rate, Wavelength, Fiber Type (Single-mode Fiber; Multimode Fiber), Connector (LC; SC; MPO; and RJ-45), Protocol, Application and Region - Global Forecast to 2029" The optical transceiver industry size is valued at USD 13.6 billion in 2024 and is expected to reach USD 25.0 billion by 2029, growing at a CAGR of 13.0% from 2024 to 2029 The key factors contributing to the growth of the optical transceiver industry include emerging focus on 5G networks, and increasing popularity of bandwidth-intensive applications like virtual reality (VR) and augmented reality (AR). Optical transceivers are uniquely poised to meet the needs of bandwidth-intensive applications such as VR and AR due to their ability to provide high bandwidth and low latency. These devices can efficiently transmit the large volumes of data associated with rendering detailed VR environments or overlaying digital objects onto the real world in AR. ...... Read More |
March 26, 2024 |
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