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Market Leader - Protective Clothing Market

The protective clothing market size is projected to reach USD 11.9 billion by 2024 from USD 8.8 billion in 2019, at a CAGR of 6.3% between 2019 and 2024. Rising awareness about the safety of workers and industrial development in developing economies are expected to support the growth of the protective clothing market. The high price of specialized clothing and the requirement of massive investment for R&D are restraining the growth of the market. On the other hand, the use of phase change materials (PCMs) and rising demand for multifunctional clothing have created opportunities for manufacturers. The players in the protective clothing market are mainly concentrating on new product launches, acquisitions, agreements, and expansions to meet the growing demand for protective clothing from various applications. New product launches help companies strengthen their product portfolio and meet the specific demands of customers.

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May 24, 2019

Product Approvals & Acquisition - Major Growth Strategies Adopted by Key Players in the Leukemia Therapeutics Market

The leukemia therapeutics market is projected to reach USD 17.1 billion by 2024 from USD 12.3 billion in 2019, at a CAGR of 6.8% during the forecast period. Leukemia is a type of cancer originating from white blood cells or the bone marrow, which occurs due to an abnormal increase in the count of white blood cells. It is identified by the spread of the disease (either acute or chronic), and by the type of the blood cell that is affected (lymphocytic or myeloid). The treatment options depend on several factors, including the phase of the disease, possible side effects, and the patient’s overall health. Leukemia therapeutic drugs are used to destroy cancer cells. This type of medication is given through the bloodstream to reach cancer cells throughout the body.

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May 24, 2019

Robert Bosch GmbH, Körber AG, and ACG Worldwide are the Leading Players in the Inspection Machines Market

The global inspection machines market is projected to reach USD 774 million by 2024 from USD 592 million in 2019, at a CAGR of 5.5%. The growth of this market is majorly driven by factors such as the increasing number of regulatory mandates in the healthcare industry to maintain compliance with Good Manufacturing Practices, rising adoption of automated inspection systems in the pharmaceutical and biotechnology industries, growth in the number of product recalls, increasing number of inspection checkpoints throughout the production line, and technological advancements in inspection systems. However, the growing demand for used and refurbished inspection systems is expected to restrain the growth of this market to a certain extent during the forecast period.

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May 24, 2019

Market Leaders - Trailer Assist System Market

The trailer assist system market is projected to reach USD 182 million by 2027 from an estimated USD  82 million in 2019, at a CAGR of 10.5% during the forecast period. Trailer assist system is a driver assistance system which helps the driver to reverse the trailer into parking or tight spots. The automobile industry has witnessed a continuous increase in several technologies for driver assistance owing to the rising demand for safety and comfort features. This factor has led to huge innovations, and R&D efforts from the OEMs and Tier 1 side to bring such technologies and these efforts have led to an increase in the usage of cameras, sensors, artificial intelligence, and human-machine interface (HMI).

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May 24, 2019

Market Leadership - Surface Roughness Measurement Market

The surface roughness measurement (SRM) market is expected to grow from USD 766 million in 2019 to USD 998 million by 2025, at a CAGR of 4.5% during the forecast period. The increasing demand for quality assurance and automation and growing research and development spending is the key factor driving the growth of the SRM market.

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May 24, 2019

Market Leadership - Cleanroom Lighting Market

The cleanroom lighting market is projected to reach USD 978 million by 2024 from USD 742 million in 2019, at a CAGR of 5.7%. Major drivers for the market’s growth are the requirement for a controlled environment with negligible levels of pollutants in manufacturing industries, and stringent regulatory framework in healthcare & food processing industries to prevent contamination of products. Furthermore, underlying opportunities for the cleanroom lighting market include growing economies in the Middle East to boost cleanroom lighting adoption and increasing demand for energy-efficient cleanrooms. Major restraints for the market are high cost associated with cleanrooms. Customized designs of cleanrooms and need for technical know-how pose major challenges to the cleanroom lighting market.

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May 24, 2019

Machine Automation Controller Market Insights, Trends | Global Industry Report, 2024 | MarketsandMarkets™

The machine automation controller market is estimated to be USD 33.7 billion by 2019 and is expected to reach USD 41.5 billion by 2024, at a CAGR of 4.3%. Machine automation controllers comprise a collection of automation control devices including programmable logic controllers (PLC), distributed control system (DCS), and industrial PC. These controllers are highly rugged computing devices designed to withstand the demanding and harsh environment of the industrial ecosystem. The machine automation controllers are mainly used to automate specific processes such as batch processing or flow control. They are also used to control a machine function or an entire production line. Major components of a machine automation controller include a central processing unit (CPU), power supply module, and input/output (I/O) module. Rising focus on reducing overall operational cost, increasing the need to drive productivity in the process industry, and the growing use of robots in the manufacturing sector are the major factors driving the growth of the market.

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May 24, 2019

Market Leaders - Plant-based Meat Market

The plant-based meat market is estimated to be valued at USD 12.1 billion in 2019 and is projected to reach USD 27.9 billion by 2025, at a CAGR of 15.0% during the forecast period. The growth of the vegan and flexitarian population and rising consumer awareness about the health benefits of plant-based meat products over animal-based meat products are expected to be the key demand drivers for the growth of the market. Increase in investment by government bodies, R&D activities, and investment of the major food industry giants in plant-based meat products are also anticipated to play a critical role in driving market growth.

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May 23, 2019

Jabil Inc. (US) and Flex Ltd. (Singapore) are leading players in Medical Device Contract Manufacturing Market

The global medical device contract manufacturing market is projected to reach USD 91.3 billion by 2024 from USD 55.0 billion in 2019, at a CAGR of 10.6% during the forecast period. Market growth is largely driven by the rising global disease prevalence, life expectancy, and geriatric population. Technological advancements have prompted end users to overhaul or update their manufacturing systems. As this is a costly process, they look to contract manufacturing.

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May 23, 2019

Zimmer Biomet (US), Stryker Corporation (US), VBM Medizintechnik (Germany), ulrich medical (Germany), and Delfi Medical Innovations (Canada) are the leading players in the Surgical Tourniquets Market

The surgical tourniquets market is projected to reach USD 509 million by 2024 from USD 347 million in 2019, at a CAGR of 8.0% between 2019 and 2024. The growth of the surgical tourniquets market is mainly driven by the increasing incidences of road accidents & falls, rising geriatric population, and the increasing number of joint replacement surgeries. Emerging markets such as China and India are expected to offer potential growth opportunities to market players in the coming years.

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May 23, 2019

Opportunity Assessment of Waste Management in US Cities Insights, Trends | Global Industry Report, 2023 | MarketsandMarkets™

The waste management investments in US cities are expected to grow from USD 1.0 billion in 2018 to USD 1.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period (2018–2023). Seattle, a major city in the US, has increased its overall recycling rate for 13 consecutive years (2003–2016). In 2016, Seattle recycled 58.8% of its municipal solid waste with an annual increase of 0.8%. Seattle aims to achieve overall 70% recycling rate by 2022. Key factors driving the waste management assessment in major US cities include a growing focus on the collection of waste materials and transportation to recycling facilities, sorting material type and then selling them to manufacturers to make new products, state governments’ increasing focus on waste recycling and energy generation, and growing adoption of smart waste management systems.

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May 23, 2019

Deere & Company (US), Honda Motor Co., Ltd. (Japan), The Toro Company (US), Andreas Stihl AG & Company KG (Stihl, Germany) are leading players in Outdoor Power Equipment Market

The outdoor power equipment is expected to grow from USD 22.3 billion in 2019 to USD 26.1 billion by 2024, at a CAGR of 3.2%. The market growth is mainly attributed to the rising adoption of battery-powered outdoor power equipment for maintaining lawns and gardening activities, growing demand for landscaping services, and increasing interest of homeowners in gardening activities. The outdoor power equipment allows altering, building, maintaining, and improving greenspaces at home, as well as in public and commercial spaces. Different types of outdoor power equipment are essential for basic yard maintenance and offer great aid and convenience in garden maintenance. Lawn mowers are one of the most commonly used outdoor power equipment to ensure evenly cut lawn.

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May 22, 2019

Orthopedic Braces & Supports Market Insights, Trends | Global Industry Report, 2024 | MarketsandMarkets™

The orthopedic braces and supports market is projected to reach USD 5.5 billion by 2024 from USD 4.1 billion in 2019, at a CAGR of 5.7% during the forecast period. Factors such as the increasing prevalence of orthopedic diseases & disorders, continuous product commercialization, market availability & product affordability, rising number of sports & accident-related injuries, and growing public awareness related to preventive care are driving the growth of the orthopedic braces and supports market. However, the inability to accept bracing-mediated orthopedic treatment due to medical conditions, limited clinical evidence to support the therapeutic efficacy of orthopedic braces, and the high adoption of pain medications are expected to restrain the growth of this market during the forecast period.

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May 22, 2019

Flight Simulator Market Insights, Trends | Global Industry Report, 2025 | MarketsandMarkets™

The flight simulator market size is expected to grow from USD 5.7 billion in 2019 to USD 7.7 billion by 2025, at a CAGR of 5.2% from 2019 to 2025. Acceptance of virtual pilot training to ensure aviation safety and rise in the number of air passengers are some of the major factors driving this market.

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May 22, 2019

Thermo Fisher Scientific (US) and Bio-Rad Laboratories (US) are Leading Players in Digital PCR (dPCR) and Real-time PCR (qPCR) Market

The global dPCR and qPCR market is projected to reach USD 6.3 billion by 2024 from USD 4.1 billion in 2019, at a CAGR of 8.8% from 2019 to 2024. The rising incidences of infectious diseases (such as HIV, tuberculosis, and malaria) and genetic disorders; continuous technological advancements in PCR technologies and the commercialization of lab-on-chip devices and microfluidics-based portable instruments; increasing investments, funds, and grants for genomic research; increasing use of biomarker profiling for disease diagnostics; and the successful completion of the Human Genome Project are expected to augment the growth of the global dPCR and qPCR market over the forecast period. On the other hand, the high instrument costs—especially that of dPCR—and the technical limitations of PCR are expected to limit market growth to a certain extent.

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May 22, 2019

Market Leader - Agriculture Drones Market

The agriculture drones market is expected to grow from USD 1.2 billion by 2019 to USD 4.8 billion by 2024 at a CAGR of 31.4%. A few key factors driving the growth of this market are pressure on global food supply due to growing world population and increase in venture funding for the development of agriculture drones.

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May 17, 2019

Fermenta Biotech Ltd. (India) and Koninklijke DSM N.V. (Netherlands) are the Major players in the Vitamin D Market

The vitamin D market, in terms of value, is estimated to account for nearly USD 1.1 billion in 2019 and projected to grow at a CAGR of 7.0%, to reach nearly USD 1.7 billion by 2025. The vitamin D market has been growing in accordance with the rise in demand and consumption of feed around the world. The feed industry is witnessing an upward trend in the demand for enriched feed products, which supports the demand for nutritional additives such as vitamin D. Furthermore, developing economies such as China and India, where there is a growing focus on animal nutrition, different vitamins are expected to experience a strong rise in the demand from the feed industry....... Read More
May 17, 2019

ResMed (US) and Koninklijke Philips (Netherlands) are leading players Sleep Apnea Devices Market

The global sleep apnea devices market is projected to reach USD 7.5 billion by 2024 from USD 4.5 billion in 2019, at a CAGR of 10.7%. Growth in the sleep apnea devices market can be attributed to factors such as a large pool of undiagnosed sleep apnea patients, growing awareness about the ill effects of untreated sleep apnea, growing usage of oral appliances, technological advancements in sleep apnea devices, influx of venture capital funding, and the increasing number of companies venturing into sleep apnea and oral appliances markets. Also, there are growth opportunities for the market due to the increasing demand for home healthcare and increasing focus on telemedicine and mHealth (mobile Health). On the other hand, the high cost of CPAP machines and complex referral pathways & long waiting periods are expected to be the key factors that restrain market growth to a certain extent during the forecast year.

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May 15, 2019

BAE Systems Plc. (UK) and Aselsan A.S. (Turkey) are leading players in Military Wearables Market

Military wearables are smart electronic devices and equipment that are either incorporated into the clothing of soldiers or are worn as implants or accessories by them. These devices not only improve mobility and comfort of soldiers but also offer them the reliability and ease of use. Military wearables are used for collecting and monitoring physical data, improving the effectiveness of training, and ensuring sustained performance enhancement, among others. The military wearables market is projected to grow from USD 4.2 billion in 2019 to USD 6.4 billion by 2025, at a CAGR of 7.2% from 2019 to 2025.

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May 14, 2019

IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), and Heska Corporation (US) are the leading players in the Veterinary Rapid Tests Market

The global veterinary rapid tests market is projected to reach USD 854 million by 2024 from USD 573 million in 2019, at a CAGR of 8.3% during the forecast period. The increasing prevalence of zoonotic diseases among companion and livestock animals and the growing need for the rapid detection of these diseases are the major factors driving the growth of this market. The growing companion animal population and the rising demand for animal-derived food products are the other major factors driving market growth.

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May 14, 2019

Market Leaders - Low Voltage DC Circuit Breaker Market

The global low voltage DC circuit breaker market is expected to grow from an estimated USD 1.2 billion in 2019 to USD 1.5 billion by 2024, at a CAGR of 5.68 %. The growth of this market is driven by replacement & refurbishment of aging infrastructure for safe and secure electrical distribution systems, battery systems for the sake of power storage, and avoidance of peaks and surges occurring due to the inconsistency in generation from renewables, expansion in transmission & distribution networks, and need of low voltage DC circuit breakers in the transportation segment.

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May 13, 2019

Market Leaders - Industrial Wastewater Treatment Market

The industrial wastewater treatment market size is estimated at USD 11.3 billion in 2019 and is projected to reach USD 15.0 billion by 2024, at a CAGR of 5.8%. The stringent environmental regulations pertaining to emission and treatment of industrial waste and depleting freshwater resources are driving the demand for industrial wastewater treatment during the forecast period.

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May 13, 2019

Adobe Systems (US) and IBM (US) are leading players in Customer Experience Management Market

MarketsandMarkets expects the customer experience management market to grow from USD 7.8 billion in 2019 to USD 14.5 billion by 2024, at a CAGR of 13.3% during the forecast period. Customer Experience Management (CEM) is a set of processes that are used to track customer feedback, understand customer expectations, and improve the overall customer experience, in order to help businesses reach new markets through different touchpoints. The need to improve customer engagement and reduce customer churn rate is driving companies to adopt customer experience management solutions.

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May 13, 2019

Stratasys (US) and Arkema SA (France) are the Key Players in the 3D Printing Materials Market

The 3D printing materials market size is estimated to grow from USD 1.5 billion in 2019 to USD 4.5 billion by 2024, at a CAGR of 25% between 2019 and 2024. 3D printing has been regarded as one of the major disruptive technologies of this century transitioning from prototyping to a potential production method across various industries. 3D printing, also referred to as additive manufacturing, is expected to have a positive impact on various end-use industries such as aerospace & defense, healthcare, automotive, and consumer goods to name a few....... Read More
May 13, 2019

Akamai and AWS are Leading Vendor of Content Delivery Network Market

The global Content Delivery Network (CDN) market size is projected to grow from USD 12.4 billion in 2019 to USD 22.1 billion by 2024, at a CAGR of 12.3% during the forecast period. Major factors driving the market include an increasing need for optimized live delivery and demand for enhanced QoE and QoS.

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May 13, 2019

Cianna Medical (US) and Endomagnetics (UK) are the Prominent Players in the Breast Lesion Localization Methods Market

The global breast lesion localization methods market is expected to grow from USD 413 million in 2018 to USD 598 million by 2024, at a CAGR of 6.3% during the forecast period. The growth of this market is primarily driven by factors such as the rising incidence of breast cancer, an increasing number of breast cancer surgeries, and growing awareness on the early detection of breast cancer....... Read More
May 10, 2019

Tesla (US) and ABB (Switzerland) are the Leading Players in the Electric Vehicle Supply Equipment Market

The electric vehicle supply equipment market is projected to reach USD 27.7 billion by 2027 from an estimated USD 2.5 billion in 2019, at a CAGR of 34.7% during the forecast period. The base year for the report is 2018, and the forecast period is from 2019 to 2027. The electric vehicle supply equipment market has witnessed rapid evolution with the ongoing developments in charging infrastructure and technology. Technological advancements in EV charging and enhanced range of distance covered by electric vehicles are some of the major factors driving the growth of the electric vehicle supply equipment market. In addition, the growing sensitivity of various governments toward a cleaner environment has increased the demand for zero-emission vehicles, which is one of the driving factors in electric vehicle supply equipment market. Developed nations such as the US, Germany, and the UK are actively promoting the use of electric vehicles to reduce emissions, which has resulted in the growth of electric vehicle charging infrastructure....... Read More
May 10, 2019

Crestliner (Illinois, USA) and Groupe Beneteau (Illinois, USA) are the Key Players in the Recreational Boats Market

The recreational boats market is projected to grow from USD 26.7 billion to USD 33.7 billion by 2027 at a CAGR of 3.02%. Rising disposable income have boosted travel and tourism activity across the globe. There has been many boat events, championships, and tournaments arranged in North America and Europe. The trend of purchasing a recreational boat for leisure activity is also booming in developing countries like India, China, etc. The advanced technological features and new propulsion system for the reduction of pollution are some of the major factors for the growth of the market....... Read More
May 10, 2019

AlienVault (US) and Thales e-Security (France) are leading players in SOC as a Service Market

The global SOC as a service market size is expected to grow from USD 372 million in 2019 to USD 1,137 million by 2024, at a Compound Annual Growth Rate (CAGR) of 25.0% during 2019–2024. Major driving factors for the market include an exponential rise and sophistication of cyber-attacks and cumbersome administration after threat detection.

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May 10, 2019

Key players adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global Payment Processing Solutions Market

The global payment processing solutions market size is expected to grow from USD 39.3 billion in 2019 to USD 64.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period. Major driving factors for the payment processing solutions market are the growing initiatives for the promotion of digital and online payments, high proliferation of smartphones, focus on improving customer experience, and customers’ demand for immediacy of payments and settlements. These factors are expected to drive the global payment processing solutions market.

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May 10, 2019

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