Home › Press Releases

Press Releases

Title	Date
Pressure Sensor Industry worth $17.0 billion by 2029 The report "Pressure Sensor Market by Connectivity (Wired, Wireless), Sensing Method (Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical), Sensor Type (Absolute, Gauge, Differential, Sealed, Vacuum), Pressure Range - Global Forecast to 2029" The global pressure sensor market is expected to be valued at USD 12.4 billion in 2024 and is projected to reach USD 17.0 billion by 2029; it is expected to grow at a CAGR of 6.5% from 2024 to 2029. An increasing demand for IoT-enabled devices and innovative technologies drives the pressure sensor market. ...... Read More	May 21, 2024
Phase Change Materials Market worth $1,383 million by 2029 The report "Phase Change Materials Market by Type (Organic, Inorganic, Eutectic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Electronics), and Region - Global Forecast to 2029", size was USD 628 million in 2024 to USD 1,383 million by 2029, at a CAGR of 17.1% from 2024 to 2029. ...... Read More	May 20, 2024
Smart Learning Industry worth $155.2 billion by 2029 According to a research report "Smart Learning Market by Offering (Hardware, Solutions (Integrated Solutions and Standalone Solutions), and Services), Learning Type (Synchronous Learning and Asynchronous Learning), End User and Region - Global Forecast to 2029" published by MarketsandMarkets, the smart learning market is expected to reach USD 155.2 billion by 2029 from USD 67.1 billion in 2024, at a CAGR of 18.3 % during 2024–2029. ...... Read More	May 20, 2024
Electrosurgery Market worth $9.4 billion by 2029 The report "Electrosurgery Market by Product (Instruments, Accessories, Generators, Smoke Evacuation Systems), Surgery (Cardiovascular, Orthopedic, Cosmetic, Oncology, Urology, Neurosurgery), End User (Hospitals, Ambulatory Surgical Centers) - Global Forecast to 2029", is projected to reach USD 9.4 billion by 2029 from USD 6.9 billion in 2024 at a CAGR of 6.4% during the forecast period. ...... Read More	May 20, 2024
Drone Sensor Industry worth $2.5 billion by 2029 According to the new market research report "Drone Sensor Market by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region - Global Forecast to 2029" The Drone Sensor market size is expected to be valued at USD 1.4 billion in 2024 and is anticipated to be USD 2.5 billion by 2029; growing at a CAGR of 12.1% from 2024 to 2029. The major factors supporting the growth of this market include the incorporation of safety features in drones, which serves as a significant driver for the advancement of drone technology. Safety features are essential for mitigating risks associated with drone operations, ensuring both the safety of the drone itself and the surrounding environment. ...... Read More	May 20, 2024
HVAC System Industry worth $389.9 billion by 2029 The report "HVAC System Market by Cooling (Unitary Air Conditioner, VRF), Heating (Heat Pump, Furnace), Ventilation (AHU, Air Filter), Service Type (Installation, Maintenance & Repair), Implementation Type (New Construction, Retrofit) - Global Forecast to 2029" HVAC system market is projected to grow from USD 281.7 billion in 2024 to USD 389.9 billion by 2029; it is expected to grow at a CAGR of 6.7% from 2024 to 2029.The market's growth is propelled by a rising Urbanization, climate change, and technological innovations. Factors like rising disposable incomes, tougher regulations, air quality concerns, infrastructure projects, and the growing need for data centers contribute significantly to the overall expansion of HVAC system market. ...... Read More	May 17, 2024
3D Bioprinting Market worth $2.4 billion by 2029 The report "3D Bioprinting Market by Component (3D bioprinters (Microextrusion, Inkjet, Laser), Bioinks, Software, Consumable), Material (Hydrogels, ECM), Application(Research (Regenerative Medicine, 3D cell Culture), Clinical (Skin, Bone)) - Global Forecast to 2029", is projected to reach USD 2.4 billion by 2029 from USD 1.3 billion in 2024, at a CAGR of 12.7% during the forecast period The growth in the 3D bioprinting market is fueled by growing adoption of 3D bioprinting technology within the pharmaceutical and cosmetic industries, advancement in the 3D bioprinting technology, rising public and private partnerships and collaborations, increasing investments in R&D and the expenditure on medical devices. ...... Read More	May 17, 2024
Industrial Lubricants Market worth $74.3 billion by 2029 The report "Industrial Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid, Grease), End-use Industry (Construction, Power Generation, Food Processing), Region - Global Forecast to 2029", size was USD 63.9 billion in 2024 and is projected to reach USD 74.3 billion by 2029, at a CAGR of 3.1%, between 2024 and 2029. ...... Read More	May 17, 2024
Active Pharmaceutical Ingredient Market worth $238.3 billion by 2029 The report "Active Pharmaceutical Ingredient Market by Type (Innovative, Generic), Manufacturer (captive, merchant), Synthesis (Synthetic, Biotech), Products (mAb, Hormones, Cytokines), Drug (OTC, Rx), Application (Diabetes, oncology, CVD) - Global Forecast to 2029", is projected to reach USD 238.3 billion by 2029 from USD 163.5 billion in 2024, at a CAGR of 7.8% during the forecast period of 2024 to 2029. The growth of this market is driven by increasing demand for active pharmaceutical ingredients in research and development of novel therapeutics, collaborations between academic institutions, research organizations, and industry players to develop innovative APIs. Additionally, continuous advancements in API manufacturing technologies, and automation have led to improved precision, efficiency of API. ...... Read More	May 17, 2024
Inertial Navigation Systems Industry worth $13.5 billion by 2029 The report "Inertial Navigation Systems Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (Mechanical, Ring Laser, Fiber Optic, MEMS), Platform, End User (Commercial and Defence), Component and Region - Global Forecast to 2029" The Inertial Navigation Systems market is estimated to be USD 10.3 billion in 2024 and is projected to reach USD 13.5 billion by 2029, at a CAGR of 5.6% from 2024 to 2029. The inertial navigation systems market is experiencing robust growth driven by the increasing need for accurate navigation solutions in different fields and situations. This demand arises because precise positioning, speed, and direction information are crucial, especially when GPS signals are weak or absent. As more autonomous technologies, such as drones and driverless cars, become popular, the demand for advanced navigation systems grows globally. This makes improving navigation abilities across various sectors a key force influencing the growth of the global inertial navigation systems market. ...... Read More	May 16, 2024
Polycarbonate Resin Market worth $20.1 billion by 2029 The report "Polycarbonate Resin Market by Application (Electrical & Electronics, Optical Media, Construction, Consumer, Automotive, Packaging, Medical), and Region (Asia Pacific, Europe, North America, Middle East & Africa) - Global Forecast to 2029", is projected to reach USD 20.1 billion by 2029, at a CAGR of 5.5% from USD 15.3 billion in 2024. ...... Read More	May 16, 2024
Power Transformer Market worth $37.7 billion by 2029 According to a research report "Power Transformer Market by Power Rating (Small Power Transformer (Up To 60 MVA), Medium Power Transformer (61- 600 MVA), Large Power Transformer (Above 600 MVA)), Cooling Type (Oil-cooled, Air-cooled), Phase (Single, Three) - Global Forecast to 2029" published by MarketsandMarkets, the Power Transformer market is expected to see significant growth, with projections indicating that the market will grow to about USD 37.7 billion by 2029, from an estimated USD 27.9 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 6.2%. This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market stands to gain from the increasing capacity of renewable energy sources and substantial investments in industrial production, both of which are expected to boost the demand for Power Transformers. Another key factor contributing to this expansion is the growing adoption of high-voltage direct current systems, which is expected to further accelerate market growth during the forecast period. ...... Read More	May 16, 2024
3D Motion Capture System Industry worth $484 million by 2029 According to the new market research report "3D Motion Capture System Market by Component (Sensors, Cameras, Communication Devices), Software(Packaged, Plugin), Services (Consultation, Installation), Type (Body-Based, Image-Based), Technology (Optical, Non-Optical) - Global Forecast to 2029" The global 3D motion capture system market is expected to be valued at USD 240 million in 2024 and is projected to reach USD 484 million by 2029; it is expected to grow at a CAGR of 15.0% from 2024 to 2029. The market is primarily fueled by increasing demand across various entertainment, gaming, sports, and healthcare sectors. Expanding the use of mocap systems in film production, live events, and research further propels market growth, highlighting its versatility and expanding utility across diverse industries. ...... Read More	May 15, 2024
Insulation Products Market worth $84.2 billion by 2029 The report "Insulation Products Market by Insulation Type (Thermal, Acoustic), Material Type (Mineral Wool, Polyurethane Foam, Flexible Elastomeric Foam), End-use (Building & Construction, Industrial, Transportation, Consumer) - Global Forecast to 2029", size is projected to grow from USD 65.9 billion in 2024 and reach USD 84.2 billion by 2029, at a CAGR of 5.0% from 2024 to 2029. Renovation and retrofitting projects in older buildings contribute to the demand for insulation products as owners seek to improve energy efficiency and comfort levels. ...... Read More	May 15, 2024
Distribution Automation Market worth $36.5 billion by 2029 According to a research report "Distribution Automation Market by Offering (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless), Utility (Public Utilities, Private Utilities) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global distribution automation market is estimated to be valued at USD 19.3 billion in 2024 and is projected to reach USD 36.5 billion by 2029; growing at a CAGR of 13.6% during the forecast period. Distribution automation (DA) refers to a collection of technologies, strategies, and practices used by electric utilities to improve the efficiency, reliability, and safety of their power distribution networks. It essentially involves automating various tasks and processes within the distribution system. ...... Read More	May 15, 2024
Brain Computer Interface Market worth $506 million by 2029 The report "Brain Computer Interface Market by Product (Non-invasive, Invasive, Partial invasive), Technology (EEG, MEG, ECoG, fMRI), Application (Disability/Rehabilitation, Assistive technologies, Mental health, Research), End User - Global Forecast to 2029", is projected to reach USD 506 million by 2029 from USD 262 million in 2024, at a CAGR 14.1%. ...... Read More	May 15, 2024
India Drone Industry worth $1,437 Million by 2029 The report "India Drone Market by Platform (Civil and Commercial, Defense), Point of Sale (OEM, Aftermarket), Application (Military, Commercial, Government and Law Enforcement, Consumer), Systems and Industry - Forecast to 2029" The India Drone Market is projected to grow from USD 654 Million in 2024 to USD 1,437 Million by 2029, at a CAGR of 17.0% during the forecast period. The Drone volume in the India Drone Market is projected to grow from 10,803 Units in 2024 to 61,393 Units by 2029. The India drone market is experiencing rapid growth, driven by increasing demand across various sectors, including agriculture, defense, and e-commerce. Supportive government policies and initiatives like the Drone Shakti scheme have further expanded the industry. ...... Read More	May 15, 2024
Global Agriculture Industry Outlook worth YOY Increase of 15.7% by 2024 According to a research report "Global Agriculture Industry Outlook 2024 - Feeding the Future Through Innovation" published by MarketsandMarkets, the Top 10 Agriculture Markets Will Grow From USD 81.5 billion In 2023 to USD 94.3 billion by 2024 at A YOY Increase of 15.7%. ...... Read More	May 14, 2024
LEO Satellite Industry worth $23.2 Billion by 2029 The report "LEO Satellite Market by Satellite Type (Small, Medium, Large Satellites, and Cubesats), Application (Communication, Earth Observation & Remote Sensing, Scientific Research, Technology), Subsystem, End Use, Frequency and Region - Global Forecast to 2029" The LEO satellite market is projected to grow from USD 12.6 billion in 2024 to USD 23.2 Billion by 2029, at a CAGR of 13.0% from 2024 to 2029. The market growth can be attributed to the growing need for earth observation imagery and analytics. ...... Read More	May 14, 2024
Air Insulated Switchgear Market worth $85.9 billion by 2029 According to a research report "Air Insulated Switchgear Market by Installation (Indoor, Outdoor), Voltage (Low, Medium, High), Application (Transmission & Distribution Utilities, Industrial, Commercial & Residential, Transportation) and Region - Global Forecast to 2029" published by MarketsandMarkets, the market size for AIS is projected to reach approximately USD 85.9 billion by the year 2029, as compared to the estimated value of USD 67.3 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 5.0% over the forecast period. ...... Read More	May 14, 2024
Liquid-Applied Membrane Market worth $32.1 billion by 2029 The report "Liquid-Applied Membrane Market by Type (Elastomeric, Bituminous, Cementitious), Application (Roofing, Walls, Building Structures, Roadways), Usage, End-Use Industry (Residential Construction, Commercial Construction), and Region - Global Forecast to 2029", is projected to reach USD 32.1 billion by 2029, at a CAGR of 5.9% from USD 24.1 billion in 2024. ...... Read More	May 14, 2024
Drug Screening Market worth $19.5 billion by 2029 The report "Drug Screening Market by Product (Rapid Testing (Urine, Oral), Analytical (Breathalyzer, Immunoassay, Chromatography)), Sample (Urine, Breath, Hair), Drug (Alcohol, Cannabis, Opioids), End User (Workplace, Hospital, Law) - Global Forecast to 2029", is projected to reach USD 19.5 billion by 2029, from USD 9.1 billion in 2024, at a CAGR of 16.6%. Factors such as mounting drug & alcohol consumption, enforcement of stringent laws mandating drug and alcohol testing, increasing government funding in major markets, and rising regulatory approvals and service and product launches are the some of the factors driving the growth of this market. ...... Read More	May 14, 2024
Biologics Safety Testing Market worth $7.2 billion by 2029 The report "Biologics Safety Testing Market by Product & Service (Consumables, Instrument, Services), Test Type (Mycoplasma, Sterility, Endotoxin, Bioburden, Virus Safety), Application (Vaccines, mAbs, Cell & Gene Therapy, Blood Products) - Global Forecast to 2029", is projected to reach USD 7.2 billion by 2029 from an estimated USD 4.2 billion in 2024, at a CAGR of 11.1% during the forecast period of 2024 to 2029. Some factors contributing to the growth of the global market includes increasing R&D investments fundings in biopharmaceutical industry, growing development of biologics, stringent regulatory requirements for biologics safety testing, and increasing number of strategic alliances for the development of novel therapeutics. However, ethical concern regarding animal testing is expected to hinder market growth. ...... Read More	May 13, 2024
eGRC Industry worth $34.5 billion by 2029 According to a research report "eGRC Market by Offering (Solutions and Services), Deployment Mode (On-premises and Cloud), Organization Size, Solution Usage (Internal and External), Business Function, Vertical (BFSI, Healthcare, Manufacturing) and Region - Global Forecast to 2029" published by MarketsandMarkets, the eGRC (Enterprise, Governance, Risk, and Compliance) market size is projected to grow from USD 18.3 billion in 2024 to USD 34.5 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period. The key driver for adopting eGRC solutions is an increase in stringent regulations, such as the EU AI Act, that aims to establish a comprehensive regulatory framework for AI and impact how organizations manage GRC with AI technology integrations. Organizations need to assess their AI models, understand the implications of the EU AI Act, and prepare for the changes it will bring to create a more secure and trustworthy AI environment. By aligning with the regulations of the EU AI Act, businesses can navigate the regulatory landscape effectively and leverage AI technology while safeguarding against risks and ensuring compliance with the updated rules. ...... Read More	May 13, 2024
Micro Combined Heat and Power Market worth $4.8 billion by 2029 According to a research report "Micro Combined Heat and Power Market by Technology (IC Engine, PEMFC, Rankine Cycle Engine, Stirling Engine, SOFC), Type (Engine, Fuel Cell), Application (Residential, Commercial), Capacity (<5kW, 5–10kW, 10–50kW) and Region - Global Forecast to 2029" published by MarketsandMarkets, the Micro Combined heat and power market is projected to reach USD 4.8 billion by 2029 from an estimated USD 3.1 billion in 2024, at a CAGR of 9.4% during the forecast period. ...... Read More	May 13, 2024
Heat Exchanger Market worth $32.3 billion by 2029 The report "Heat Exchanger Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Material (Metal, Alloys, Brazing Clad Materials), End-Use Industry (Chemical, Energy, Hvacr, Food & Beverage, Power, Pulp & Paper), and Region - Global Forecast to 2029", is projected to reach USD 32.3 billion by 2029, at a CAGR of 7.0% from USD 23.0 billion in 2024. ...... Read More	May 13, 2024
Electric 3 wheeler Market worth $1.5 billion by 2030 According to a research report "Electric 3 wheeler Market by End Use (Passenger Carriers, Load Carriers), Range (Less than 50 miles, above 50 miles), Battery Type (Lead Acid, Lithium-ion), Battery Capacity, Motor Type, Motor Power, Payload Capacity and Region – Global Forecast to 2030" published by MarketsandMarkets, the Electric 3 wheeler Market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, registering a CAGR of 2.2%. ...... Read More	May 13, 2024
Identity Threat Detection and Response (ITDR) Industry worth $35.6 billion by 2029 According to a research report "Identity Threat Detection and Response (ITDR) Market by Offering (Solutions and Services), Organization Size, Deployment Mode (Cloud and On-premises), Vertical (BFSI, Healthcare & Life Sciences, Government & Defense), & Region - Global Forecast to 2029" published by MarketsandMarkets, the global identity threat detection and response market size is projected to grow from USD 12.8 billion in 2024 to USD 35.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period. The expansion of identity threat detection and response (ITDR) is propelled by the continuously evolving global threat landscape and combating threat-targeting identities and identity systems. ITDR provides response strategies ensuring the protection of sensitive and confidential data. ...... Read More	May 10, 2024
Medical Polymer Market worth $60.5 billion by 2029 The report "Medical Polymer Market by type (Medical plastics, Medical elastomers), Application (Medical Disposables, Medical Instruments And Devices, Prosthetics, Diagnostics Instruments And Tools), Manufacturing Technology, and Region - Global Forecast to 2029", is expected to grow at a CAGR of 8.0% during the forecast period, from an estimated USD 41.1 billion in 2024 to USD 60.5 billion by 2029. The growth of the medical polymer market is fueled by several key factors. Technological advancements, especially in areas like 3D printing and nanotechnology, have expanded the possibilities for medical polymer applications. Increasing awareness about infection control and patient safety has led to the development of antimicrobial and biocompatible polymers. Moreover, the trend towards personalized medicine and minimally invasive procedures drives the demand for specialized polymers that offer precise properties. Additionally, environmental concerns are pushing the industry towards bio-based and sustainable polymers, further driving market growth. ...... Read More	May 10, 2024
Quantum Dot Industry worth $23.9 billion by 2029 According to a research report "Quantum Dot Market by Material (Cadmium-based Quantum Dots, Cadmium-free Quantum Dots), Product (Displays, Lasers, Solar Cells/Modules, Medical Devices, Photodetectors/Sensors, LED Products), Display, Vertical and Region - Global Forecast to 2029" The Quantum Dot Market is expected to reach USD 23.9 billion by 2029 from USD 10.6 billion in 2024, at a CAGR of 17.7% during the 2024–2029 period. The major factors driving the growth of the quantum dot market include the increasing integration of quantum dots in solar cells and surging adoption of quantum dots in image sensors. ...... Read More	May 10, 2024

Home › Press Releases

Press Releases

How can we help you?