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Perstorp Holding AB (Sweden) and OQ Chemicals GmbH (Germany) are Leading Players in the Butyric Acid Market

The butyric acid market is projected to grow from USD 317 million in 2022 to USD 492 million by 2027, at a CAGR of 9.2% from 2022 to 2027. Butyric acids are used in various end-uses such as animal feed, chemical intermediates, pharmaceuticals, and food & flavors, among others.

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September 30, 2022

Market Leader - Cloud ERP Market

MarketsandMarkets forecasts the global Cloud ERP market to grow from USD 64.7 billion in 2022 to USD 130.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.0% during the forecast period. The major factors driving the growth of the Cloud ERP market include configuring resources easily, operational efficiency, and growing demand for cloud-based solutions and services, implementation of cloud ERP systems to perform core business operations.

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September 30, 2022

Market Leader - Smart Factory Market

The global Smart Factory market size is expected to grow from USD 86.2 billion in 2022 to USD 140.9 billion by 2027, at a CAGR of 10.3%. Growing adoption of Industry 4.0 across industries, increasing number of initiatives by governments across the world for promoting adoption of modern and advanced technologies in factories, and rapidly growing necessity for real-time data analysis are the key factors driving the Smart Factory market....... Read More
September 30, 2022

IBM (US) and TIBCO Software (US) are leading players Data Catalog Market

The global data catalog market size is expected to grow from USD 0.7 billion in 2022 to USD 1.8 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 22.0% during the forecast period.

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September 30, 2022

New Service Launches and Research & Development (R&D) Activities to Further Expand their Presence in the UAV Market.

The UAV market is projected to grow from USD 26.2 billion in 2022 to USD 38.4 Billion by 2027, at a CAGR of 7.9% from 2022 to 2027. An unmanned aerial vehicle (UAV) or a drone is an airplane that operates autonomously or is remotely piloted. They can be completely autonomous or optionally piloted. However, they are mostly controlled remotely by human pilots. UAVs are equipped with payloads such as sensors and are connected to ground control stations. They can be categorized based on the range of altitude, strength, and weight. UAVs are used in military and commercial applications. They are also employed for inspection or surveillance, aerial photography for film and journalism sectors, search and rescue operations, and cross-border surveillance, along with strategic planning, geographical mapping of inaccessible locations, and weather forecasting. The global demand for drones has increased in the last few years. Individuals, commercial units, and military and government agencies use them for different purposes....... Read More
September 30, 2022

Market Leader - Autonomous Ships Market

MarketsandMarkets: The autonomous ships market is estimated to be USD 3.9 billion in 2022 and is projected to reach USD 8.2 billion by 2030, at a CAGR of 9.6% from 2022 to 2030. The market is driven by factors such as development of new & advanced systems for Autonomous ships, increasing use of cruise ship passengers, increasing trade in Asia Pacific, etc....... Read More
September 30, 2022

Thermo Fisher Scientific, Inc. (US) and Sartorius Stedim Biotech (France) are Leading Players in the Single-Use Assemblies Market

The global single-use assemblies market is projected to reach USD 6.5 billion by 2027 from USD 2.7 billion in 2022, at a CAGR of 18.8% during the forecast period. Rising adoption of single-use assemblies over traditional methods in developing & developed countries coupled with increased investments in biopharmaceutical R&D activities are some of the major factors projecting the market growth.

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September 30, 2022

Market Leaders - IDaaS Market

MarketsandMarkets forecasts the global IDaaS market size is estimated to be USD 5.6 billion in 2022 and is projected to reach USD 16.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period. Government initiatives and regulations supporting digital identity transformation, Government regulations and the need for compliance, and the rise in identity and authentication frauds are some key factors driving the market growth.

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September 29, 2022

Koninklijke DSM N.V. (Netherlands) and CoorsTek, Inc. (US) are Leading Players inn the Ceramic Armor Market

The global ceramic armor market size is expected to grow from USD 2.3 billion in 2022 to USD 3.5 billion by 2027, at a CAGR of 8.6% during the forecast period. Increasing crime and terrorist activities are driving the demand for ballistic body and vehicle armor for use by political leaders, businesspeople, bureaucrats, high-profile athletes, entertainment celebrities, and others. Ceramic armor is made up of ceramic materials, namely, alumina, silicon carbide, and boron carbide. Ceramic armor offers various advantages such as high hardness, low weight, durable, design flexibility, and high resistance to creep & stress rupture. The ceramic armor product is five times stronger and 70% lighter than steel. The ceramic armor can absorb the kinetic energy of the attack caused by a projectile such as shotguns and long guns. Various companies are focusing on adding ceramic armor to vehicles designed for civilians, depending upon client needs and the desired protection level, composites can be added in doors, roofs, and floors as well as firewalls, pillars, posts, and other body panels.

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September 29, 2022

Radiodetection Ltd. (UK) and Guideline Geo (Sweden) are the Key Players in the Utility Locator Market

The utility locator market is projected to grow from USD 833 million in 2022 to USD 1,109 million in 2027; it is expected to grow at a CAGR of 5.9% from 2022 to 2027. The growth of the market is attributed to the concern for safety and protection of the underground utilities and benefits of utility locator over traditional technologies/ methods....... Read More
September 29, 2022

Market Leader - Industrial Robotics Market

The industrial robotics market is projected to grow from USD 15.7 billion in 2022 to USD 30.8 billion by 2027; it is expected to grow at a CAGR of 14.3% from 2022 to 2027. Rising demand for collaborative robots across industries, anticipated shortage of skilled labor in manufacturing industries, and growing adoption of Industry 4.0 are factors expected to boost the growth of the industrial robotics market in the next five years. However, high cost of deployment for SMEs and safety concerns related to industrial robotics systems are projected to be the key challenges and restraining factors for the industry players....... Read More
September 29, 2022

Cornerstone OnDemand (US) and Paradiso Solutions (US) are leading players in Corporate Learning Management System (LMS) Market

MarketsandMarkets forecasts the global corporate LMS market size is expected to grow from an estimated value of USD 8.1 billion in 2022 to 21.1 billion USD by 2027, at a Compound Annual Growth Rate (CAGR) of 21.1% from 2022 to 2027. Growing need for skill-based and result-oriented training among enterprises and the surging need to integrate interactive and personalized training environments to strengthen the employee engagement are some factors driving the corporate LMS market growth.

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September 29, 2022

Maxar Technologies (US) and Planet Labs PBC (US) are the Key Players in the Remote Sensing Services Market

MarketsandMarkets: The Remote Sensing Services Market is estimated to be USD 13.2 billion in 2022 and is projected to reach USD 26.6 billion by 2027, at a CAGR of 14.9% from 2022 to 2027. The market is driven by factors such as rise in global focus on using satellite, UAV imagery, applications like precision agriculture, crop health assessment, asset monitoring, etc....... Read More
September 29, 2022

Market Leader - FPGA Market

The FPGA market is projected to grow from USD 8.0 billion in 2022 and is projected to reach USD 15.5 billion by 2027; it is expected to grow at a CAGR of 14.2% from 2022 to 2027. ...... Read More
September 28, 2022

iRobot Corporation (US) and Ecovacs Robotics Co., Ltd (China) are the Key Players in the Cleaning Robot Market

The Cleaning Robot Market is projected to grow from USD 9.8 Billion in 2022 to USD 25.9 Billion by 2027; it is expected to grow at a CAGR of 21.5% during the forecast period. Growing penetration of AI and IoT in household appliances, increasing improvements in vacuum cleaners such as compact size and self-charging capability and surging need for disinfecting robots in healthcare facilities are factors expected to boost the growth of the cleaning robot market in the next five years. However, lower penetration of obstacle avoidance technology in cleaning robots and perceiving unstructured human environment for cleaning robots are projected to be the key challenges and restraining factors for the industry players....... Read More
September 28, 2022

BASF SE (Germany), Lyondellbasell Industries Holdings B.V. (Netherlands) and Sabic (Saudi Arabia) are leading players in Electric Vehicles Plastics Market

The global electric vehicles plastics market is expected to grow from USD 3.7 billion in 2022 and is projected to reach USD 12.6 billion in 2027, at a CAGR of 27.9% in the forecast period. Plastics play a key role in helping to reduce the overall weight of a vehicle which improves it driving range and reduce CO2 emissions.

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September 28, 2022

OPTEL Group (Canada) and Antares Vision S.p.A. (Italy) are Leadig Players in the Track and Trace Solutions Market

The global track and trace solutions market is projected to reach USD 8.6 billion by 2027 from USD 4.8 billion in 2022, at a CAGR of 11.6% during the forecast period. The stringent regulations and standards for the implementation of serialization and the increasing focus of manufacturers on brand protection are the major drivers of growth for this market. On the other hand, the high costs and long implementation timeframe associated with serialization and aggregation, as well as the huge setup costs, are expected to limit market growth to a certain extent.

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September 28, 2022

CeramTec GmbH (Germany) and CTS Corporation (US) are the Key Players in the Piezoelectric Devices Market

The piezoelectric devices market is projected to grow from USD 30.8 billion in 2022 and is projected to reach USD 41.0 billion by 2027; it is expected to grow at a CAGR of 5.9 % from 2022 to 2027. ...... Read More
September 28, 2022

Geotab (Canada) and Verizon Connect (US) are leading players in Fleet Management Market

MarketsandMarkets forecasts the global fleet management Market size is expected to grow USD 25.5 billion in 2022 to USD 52.4 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.5%  during the forecast period.

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September 28, 2022

Cooper-Standard (US), Kongsberg Automotive (Switzerland) and Akwel (France) are leading players in Fluid Transfer System Market

The fluid transfer system market size is projected to grow from USD 19.1 billion in 2022 to USD 25.0 billion by 2027, at a CAGR of 5.6% for the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.

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September 28, 2022

Agreements/contracts, expansions, acquisitions, and new product developments are key strategies adopted by leading players in the carbon capture, utilization, and storage market

The global carbon Capture, Utilization, and Storage market size is projected to grow from USD 2.4 billion in 2022 to USD 4.9 billion by 2027, at a CAGR of 15.1% during the forecast period. Growing emissions of CO2 from the burning of fossil fuels are among the major reasons for global warming. Industrial and fossil fuel power plants generate significant amounts of CO2 into the atmosphere, which is considered the main cause of climate change. Among CO2 mitigation options, carbon capture and storage is regarded as the technology that can significantly reduce the emissions of CO2 from fossil fuel combustion sources. CCUS is a three-stage process: capture, transport, and storage. CO2, once captured from power plants or industrial facilities, is transported to storage sites through ships, pipelines, or trucks.

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September 28, 2022

Novozymes (Denmark) and DuPont (US) are leading players in Enzymes Market

The enzymes market is projected to reach USD 16.9 billion by 2027 growing at a CAGR of 6.8% from 2022 to 2027. The rise in demand for specialty enzymes which are applied in pharmaceutical industry for the production of proteins and cells and the intermediates in the production of active pharmaceutical ingredients for advanced therapeutic medicines is anticipated to drive the growth of the market in the coming years. The players in the market are actively involving in partnerships to develop enzymes for pharmaceuticals industry. In 2021, Novozymes has partnered with Novo Nordisk Pharmatech company to develop high quality enzymatic processing for regenerative medicines markets, focuses on stem cell and gene therapy.

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September 27, 2022

Medtronic plc (Ireland), Masimo (US), Koninklijke Philips N.V. (Netherlands), Nonin Medical Inc. (US), Nihon Kohden Corporation (Japan) are the leading players in the Pulse Oximeter Market

The pulse oximeters market is projected to reach USD 4.3 billion by 2027 from USD 2.8 billion in 2022, at a CAGR of 8.8% during the forecast period. Growth in this market is majorly driven by the rising prevalence of respiratory diseases, increasing geriatric population and subsequent rise in chronic diseases, and the increasing prevalence of congenital heart disease (CHD) in children. The expansion of medical device companies in emerging economies, and growing preference for noninvasive devices and point-of-care testing are expected to offer significant growth opportunities for market players during the forecast period. However, concerns regarding the regulations and the accuracy concerns for OTC pulse oximeters are expected to limit market growth to some extent in the coming years.

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September 27, 2022

Compagnie de Saint-Gobain S.A. (France) and Asahi Glass Corporation (AGC Inc) are leading players in Automotive Glass Market

The automotive glass market is projected to reach USD 30.6 billion by 2027 from an estimated USD 23.6 billion in 2022 at a CAGR of 5.4% during the forecast period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.

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September 27, 2022

Alma Lasers (Isreal) and AbbVie Inc. (Ireland) are Leading Players in the Medical Aesthetics Market

The global medical aesthetics market is projected to reach USD 23.4 billion by 2027 from USD 13.9 billion in 2022, at a CAGR of 11.0% from 2022 to 2027. The market is expanding as a result of factors like the rising popularity of minimally invasive and noninvasive aesthetic procedures, the rising popularity of aesthetic procedures among geriatric patients, the accessibility of technologically advanced and user-friendly products, and the rising demand for aesthetic treatments among men. The availability and acceptance of alternative beauty and cosmetic goods, which are becoming more widely available, are, however, limiting the expansion of this market, as are the clinical risks and consequences connected with medical aesthetic operations.

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September 27, 2022

Salesforce (US) and Pegasystems (US) are leading players in Marketing Cloud Platform Market

The global marketing cloud platform market size is expected to grow from USD 11.7 billion in 2022 to USD 17.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. Marketing cloud platforms are integrated multichannel marketing solutions comprising support for creating and executing campaigns and communications via web and email marketing, mobile and social marketing. The marketing cloud platform helps organizations create campaigns based on a specific audience, shoppers’ needs, and their previous buying behaviors. It can send personalized emails, create targeted ads, and develop relevant email campaigns for a specific audience.

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September 27, 2022

Market Leaders : Minority of big players are focusing on product Launches and Acquisition to Strengthen their market position in Essential Oils Market

According to MarketsandMarkets, the global essential oils market size is estimated to be valued at USD 8.8 billion in 2022 and is projected to reach USD 15.3 billion by 2027, recording a CAGR of 11.8% in terms of value. The essential oils provide plants with their characteristic smell and safeguard them from external stress conditions. Apart from imparting fragrance, essential oils have healing properties due to their potent antioxidant, anti-inflammatory, anti-viral, and anti-microbial properties. It is due to these qualities that essential oils find usage in a wide array of applications starting from food & beverages and aromatherapy to cosmetics & toiletries, home care, health care, and feed.

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September 26, 2022

Market Leaders : SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group PLC (UK), Bureau Veritas (France) and ALS Limited (Australia), are projected to Dominate the market due to their Innovative Service and usage of Different Distribution Channels to meet Consumer Demands in Food Safety Testing Market

The market for Food safety testing is estimated at USD 21.1 billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 31.1 billion by 2027. The implementation of strict regulations by various leading food safety organizations, including the Food Standards Agency, European Food Safety Authority, Food Safety and Standards Authority of India, and Canadian Food Inspection Agency, to prevent consumer illness and food fraud is expected to fuel the growth of the global food safety testing market.

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September 26, 2022

ABB (Switzerland) and Siemens (Germany) are the Key Players in the Industrial Control & Factory Automation Market

The global industrial control & factory automation market size is expected to grow from USD 147.9 billion in 2022 to USD 218.8 billion by 2027, at a CAGR of 8.2%. Growing necessity for predictive maintenance applications, rising demand for integration of AI and IoT in industrial environments, and growing number of initiatives by governments worldwide to promote growth of industrial automation are the key factors driving the industrial control & factory automation market. ...... Read More
September 26, 2022

Market Leader - Automotive Traction Motor Market

The global automotive traction motor market is projected to grow by CAGR 22.8% from USD 6.5 billion in 2022 to USD 18.4 billion by 2027. With future growth being forecast for PHEVs and BEVs, major Tier I companies have directed their R&D toward traction motors. For instance, Siemens traction asynchronous motors use copper in the rotor design, which lowers losses due to the metal’s superior conductivity. These lower losses translate into higher energy efficiency and an increased power-to-weight ratio. Nidecs new traction motor system is used in compact cars as well as SUVs and is compatible with AWD vehicles due to an optional clutch mechanism that can be disengaged when only two of the wheels need to be powered. Continental’s 48 V high-power system comprises an electric motor with integrated power electronics and a battery that reduces fuel consumption and CO2 emissions by around 20% compared to similar vehicles fitted with combustion engines.

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September 26, 2022

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