Research Insight

Huawei (China) and Verizon Communications Inc. (US) are leading players in mmWave 5G Market

The mmwave 5G market size is expected to grow from USD 2.5 billion in 2022 to USD 4.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period. To deliver added capacity and high throughput in 5G networks there is increasing adoption of mmWave spectrum and it is driving the growth of the mmwave 5G market.

• Published: August 2022

Market Leader - Smart Shelves Market

MarketsandMarkets forecasts the global Smart Shelves market size is expected to grow from an estimated value of USD 3.0 billion in 2022 to USD 8.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 22.4% from 2022 to 2027. Increased use of technologies like IoT and RFID in retail and adoption of enhanced inventory management to make smarter restocking decisions and real-time engagements are driving the market growth.

• Published: August 2022

Market Leaders : Cargill and ADM are Focusing on Expanding their business to Consolidate their position in the Phytogenic Feed Additives Market

The global phytogenic feed additives market is estimated to be valued at USD 864 million in 2022. It is projected to reach USD 1,223 million by 2027, with a CAGR of 7.2%, in terms of value between 2022 and 2027. The phytogenics cater to a large number of livestock animals such as poultry, swine, ruminants, aquatic animals, and other animals including pets and equines and their demand have been increasing across the various feed industries in  recent years owing to the rise in demand for natural additives to enhance livestock performance.

Key players in this market include  Cargill (US), ADM (US), DuPont (US), DSM N.V. (Netherlands), Land O’ Lakes (US), Adisseo (France), Nutreco (Netherlands), Kemin Industries (US), Natural Remedies (India), and Nor Feed (France) among others.

• Published: August 2022

Market Leader - Ballistic Protection Market

Ballistic protection refers to the protection of a body against projectiles of various shapes, sizes, and impact velocities. It is used by soldiers, police, and security personnel in the military, law enforcement, and homeland security sectors to reduce the number of casualties and strengthen the protecting power of these forces. The estimated ballistic protection market is USD 13.4 billion in 2022 and is projected to reach USD 16.9 billion by 2027, at a CAGR of 4.7% from 2022 to 2027.

• Published: August 2022

NIBE Industrier (Sweden), Honeywell International (US) and Omega Engineering (US) are the Top Players in the Flexible Heater Market

The global flexible heater market size is anticipated to grow from USD 1.2 billion in 2022 to USD 1.7 billion by 2027, at a CAGR of 7.2% from 2022 to 2027. Rising requirements of flexible heaters in various applications as well as surging demand for novel heating solutions in electronics & semiconductor, automotive & transportation, medical, food & beverages and oil & gas are some of the major factors propelling the growth of flexible heater market.

• Published: August 2022

Stand-up Pouches Companies - Amcor Plc (Switzerland) and Berry Global Inc (US) are Leading Players in the Stand-up Pouches Market

The global Stand-up Pouches market is projected to grow from USD 24.8 billion in 2022 to USD 36.7 billion by 2027, at a CAGR of 8.1% during the forecast period. Increasing health awareness and rising per capita income have resulted in the rise in demand for packaged food & beverages, which, in turn, drives the demand for stand-up pouches.

• Published: August 2022

Keysight Technologies (US), AMETEK (US) and Pacific Power Source (US) are leading players in AC Power Sources Market

The global AC power sources market size will grow to USD 1.7 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 2.2% during the forecast period. The increasing demand for energy-efficient devices in the industrial sector is an important driver for the AC power sources market.

• Published: August 2022

Proofpoint (US) and IRONSCALES (US) are leading players in Business Email Compromise (BEC) Market

MarketsandMarkets forecasts the global Business Email Compromise (BEC) market size is expected to grow from an estimated value of USD 1.1 billion in 2022 to USD 2.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.4% from 2022 to 2027. Growing incidents of BEC scams and spear-phishing attacks, huge financial losses due to BEC crimes, and stringent regulatory standards and data privacy compliances are some of the factors that are driving the market growth.

• Published: August 2022

Laser Tracker Companies - Hexagon AB (Sweden), Faro Technologies, Inc. (US) are the Key Players

The laser tracker market is estimated to grow from USD 636 million in 2022 to reach USD 866 million by 2027; it is expected to grow at a CAGR of 6.4% from 2022 to 2027. The growth of the laser tracker market can be attributed to the high accuracy, precision, and portability offered by laser trackers.

Major Laser Tracker Companies Include: 

• Hexagon AB (Sweden);
• Faro Technologies, Inc. (US);
• Automated Precision Inc. (US);
• InnovMetric Software Inc. (Canada);
• CHOTEST TECHNOLOGY INC. (China);
• Mitutoyo Corp. (Japan);
• 3D Systems, Inc. (US);
• VMT GmbH (Germany);
• Hubbs Machine and Manufacturing Inc. (US); and
• PLX Inc. (US); and
• Brunson Instrument Company (US)

are among a few of the players in the laser tracker market. Most of the leading companies have adopted product launches as key strategies to boost their revenues in the laser tracker market.

• Published: August 2022

Barry Callebaut (Switzerland) and Olam International (Singapore) are leading players in Nut Products Market

The global nut products market size is estimated to be valued at USD 6.7 billion in 2022. It is projected to reach USD 8.9 billion by 2027, recording a CAGR of 5.9% in terms of value. The demand for nut products is increasing due to the increasing demand for preventive nutrition worldwide.

• Published: August 2022

Market Leader - Military Lighting Market

Military lights are lights installed on ground, airborne and marine vehicles. The military lights can be further classified into exterior and interior lights. All these lights are used to improve safety, navigation, and visibility. According to the latest estimates, the market is projected to grow from USD 559 million in 2022 to USD 807 million by 2027, at a CAGR of 7.6%.

• Published: August 2022

Key Players Implemented Various Growth Strategies, Such as Partnerships, Business Expansions, Mergers and Acquisitions, Agreements, and Collaborations, New Product Launches to Develop their Presence in the Virtual Customer Premises Equipment (vCPE) Market

MarketsandMarkets forecasts the global Virtual Customer Premises Equipment Market size is expected to grow USD 2.8 billion in 2022 to USD 15.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 40.2%  during the forecast period.

• Published: August 2022

Active Protection System Companies - Rheinmetall AG (Germany), Saab AB (Sweden) are the Key Players

An Active Protection System is integrated into, or installed on, combat vehicles, naval ships, and military aircraft to automatically acquire, track, and respond to a variety of threats, including rocket-propelled grenade (RPG) and anti-tank guided missile (ATGM) attacks, with hard or soft kill capabilities. A number of countries employ these systems on the battlefield; they are also used by defense and homeland security agencies across the globe for combat, security, and patrolling operations, among others. The estimated Active Protection System Market is USD 3.9 Billion in 2022 and is projected to reach USD 5.2 Billion by 2027, at a CAGR of 5.5% from 2022 to 2027.

• Published: August 2022

Amcor PLC (Australia) and D.S. Smith Plc (UK) are Leading Players in the Food Packaging Films Market

The food packaging films market size was USD 49.8 billion in 2021 and is projected to reach USD 72.3 billion by 2027, at a CAGR of 6.4%. The growth of the food packaging films market is estimated to be driven by the growing demand for convenience food items and innovative packaging solutions that ensure extended shelf life of food items.

• Published: August 2022

Sumitomo Heavy Industries, Ltd. (Japan) and Veolia Water Technologies (France) are Leading Players in the Industrial Crystallizers Market

The industrial crystallizers market is projected to grow from USD 3.8 billion in 2022 to USD 4.8 billion by 2027, at a CAGR of 5.1% from 2022 to 2027. The growth of the market is driven by the increasing demand from various manufacturing industries such as pharmaceutical, chemical, food & beverage, wastewater treatment, metal & mineral, and agrochemical.

• Published: August 2022

Yanmar Co. Ltd. (Japan) and Brunswick Corporation (US) are leading players in Small Marine Engines Market

The global small marine engines market is expected to reach USD 10.3 billion by 2027 from an estimated USD 7.8 billion in 2022, at a CAGR of 5.5% from 2022 to 2027.

• Published: August 2022

Sasol Limited (South Africa) and LANXESS (Germany) are Leading Players in the Butylated Hydroxytoluene Market

The global Butylated Hydroxytoluene market is projected to grow from USD 230 million in 2022 to USD 301 million by 2027, at a CAGR of 5.5% from 2022 to 2027. BHT is a type of antioxidant, which is manufactured through the alkylation of p-cresol with isobutylene. The reaction is carried out in the presence of sulfuric acid as a catalyst. BHT mainly finds applications in the food & beverages, animal feed, plastics, rubbers & elastomers, lubricants & specialty oils, industrial oils, fats & fatty acids, agrochemicals, and printing industries. It is also used as an anti-skinning agent in paints & coatings. Growing demand from plastic & rubber industry is set to drive the demand for Butylated Hydroxytoluene during the forecast period.

• Published: August 2022

Flame Detector Companies - Johnson Controls (Ireland) and Carrier Global (US) are the Key Players

The global flame detector market size is expected to grow from USD 1.7 billion in 2022 to USD 2.1 billion by 2027, at a CAGR of 5.0% during the forecasted period. The major drivers for the growth of flame detector market include increasing adoption of flame detectors across the key industries such as oil and gas, pharmaceuticals, automotive, energy and power among others, technology improvement in the flame detectors with the emergence triple IR and multi spectrum flame sensing detectors, and policies, regulations, and government initiatives creating high demand for flame detectors.

• Published: August 2022

Market Leader : Major Companies are Focusing on Expansion and New Product Launches to Strengthen their Market Position in the Pulse Ingredients Market

The global pulse ingredients market is estimated to be valued at USD 20.7 billion in 2022. It is projected to reach USD 25.9 billion by 2027, recording a CAGR of 4.6% during the forecast period.

• Published: August 2022

Molded Interconnect Device (MID) Companies - Molex (US) and TE Connectivity (Switzerland) are the Key Players

The molded interconnect device (MID) market is expected to grow from USD 1.4 billion in 2022 to USD 2.7 billion by 2027; it is expected to grow at a CAGR of 13.6% during the forecast period. The rising use of MIDs in medical devices is growing the molded interconnect device (MID) market during the forecast period.

• Published: August 2022

Marine Seats Companies - West Marine (US) and Sun Marine (Netherlands) are the Key Players

MarketsandMarkets: The marine seats market is estimated to be USD 1.6 billion in 2022 and is projected to reach USD 1.9 billion by 2027, at a CAGR of 4.9% from 2022 to 2027. The market is driven by factors such as development of new & advanced Marine seats for different commercial ships, increasing use of cruise ship passengers, increasing trade in Asia Pacific, etc.

• Published: August 2022

Foremost Companies in the Referral Management Market: Cerner Corporation (US) and CarePort Health (US)

The referral management market is projected to reach USD 6.1 billion by 2027 from USD 3.2 billion in 2022, at a CAGR of 13.6%. The growth of this market is driven by the increasing government initiatives to incorporate IT solutions in healthcare and benefits offered by automated referral processes.

• Published: August 2022

Flight Simulator Companies - CAE Inc. (US), Thales Group (France) and Flight Safety International(US) are the Key Players

The flight simulator market comprises hardware, software, and services related to training and upgradation. Flight simulators offer a simulated environment that recreates the environment of an aircraft in operation. They eliminate the risk to life or property when pilots are being trained. The flight simulator market size is projected to grow from USD 7.4 billion in 2022 to USD 10.3 billion by 2027, at a CAGR of 6.9 % from 2022 to 2027.

• Published: August 2022

Foremost Companies in the Enteral Feeding Formulas Market: Fresenius Kabi (Germany) and Nestlé S.A. (Switzerland)

The global enteral feeding formulas market is projected to reach USD 8.2 billion by 2027 from USD 5.2 billion in 2022, growing at a CAGR of 9.5% during the forecast period. Growth in this market is largely driven by factors such as the benefits and cost-effectiveness of enteral nutrition over parenteral nutrition, rise in preterm births, growing demand for enteral feeding in the home care sector, and rapid growth in the geriatric population and subsequent growth in the prevalence of chronic diseases. On the other hand, complications involved with enteral feeding and lack of patient awareness are expected to hinder the market growth.

• Published: August 2022

Market Leader - Electronic Flight Instrument System (EFIS) Market

Electronic Flight Instrument System (EFIS) is an instrument display system in a flight deck that displays flight data electronically rather than electromechanically. The electronic flight instrument system market size is projected to grow from USD 618 Million in 2022 to USD 720 Million by 2027, at a CAGR of 3.1% from 2022 to 2027. Aerospace Manufacturers are developing enhanced electronic flight instrument system. There is the demand from OEMs and Airlines Companies for advance lightweight electronic flight instrument system with higher accuracy, reliability & higher operational efficiency.

• Published: August 2022

Smart Mirror Companies - Gentex Corporation (US) and Ficosa (Spain) are the Key Players

The global smart mirror market size is estimated to be USD 2.7 billion in 2022 and is projected to reach USD 5.9 billion by 2027, at a CAGR of 16.8% during the forecast period.

• Published: August 2022

Precast Concrete Companies - Balfour Beatty plc (UK) and Boral Limited (Australia) are Leading Players in the Precast Concrete Market

The global precast concrete market size is projected to grow from USD 144.6 billion in 2022 to USD 198.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast year. Precast concrete refers to the construction products produced at place away from the construction site in reusable molds. These construction products are transported to the construction site and assembled. The major advantages of precast conrete are speed of construction, quality, and reduced overall manufacturing cost.

• Published: August 2022

LiDAR Drone Companies - Velodyne Lidar, Inc.(US) and RIEGL Laser Measurement Systems GmbH (Austria) are the Key Players

The LiDAR Drone market is projected to grow from USD 147 million in 2022 to USD 508 million in 2027; it is expected to grow at a CAGR of 28.1% from 2022 to 2027. The growth of the market is attributed to the adoption of LiDAR drone in mining applications and countries easing regulations on the use of drones.

• Published: August 2022

Inductor Companies - Murata Manufacturing (Japan) and TDK (Japan) are the Key Players

The inductor market is projected to grow from USD 5.1 billion in 2022 and is projected to reach USD 7.0 billion by 2027; it is expected to grow at a CAGR of 6.6 % from 2022 to 2027.

• Published: August 2022

Drone Logistics And Transportation Companies - Alphabet, Inc (US) and Hardis Group (France) are the Key Players

The drone logistics and transportation market is valued at USD 0.9 billion in 2023 and is projected to reach USD 16.1 billion by 2030, at a CAGR of 50.1 % from 2023 to 2028. Unmanned Aircraft Systems, commonly referred to as drones, are experiencing a surge in popularity within contemporary logistics operations. These aerial vehicles play a crucial role in transporting a diverse range of items, including medicines, parcels, groceries, and home care products. Notably, drone delivery operations are gaining widespread recognition in the last-mile delivery sector due to their precision, environmentally friendly practices, shorter delivery times, and lower operational costs compared to traditional channels. Analysts suggest that the operational costs for drone delivery services are 40% to 70% less than those associated with vehicle delivery models. Furthermore, the COVID-19 pandemic has accelerated the need for alternative, safe, and contactless delivery methods, leading to a global increase in demand for drone delivery services.

• Published: August 2022

Agreements/contracts, expansions, acquisitions, and new product developments are key strategies adopted by leading players in the glass fiber yarn market

Glass fiber yarns consist of a defined number of glass fiber filaments of a certain nominal diameter. Glass fiber filaments are obtained by high-temperature melting of inorganic materials which are drawn through a platinum-rhodium bushing and then rapidly cooled. Glass yarn is formed by combining more single filaments, between 4 to 13 microns depending on yarn count, in a continuous strand. Continuous strands of these filaments are woven, knitted, and braided to form other types of fabrics. Yarns have electrical insulation properties, high tensile strength, and are resistant to chemicals and heat.

• Published: August 2022

Video Encoders Companies - Hikvision (China)and VITEC (France) are the Key Players

The video encoders market is estimated to be USD 2.3 billion in 2022 and is projected to reach USD 3.3 billion by 2027; it is expected to grow at a CAGR of 7.6% from 2022 to 2027. Adoption of high-efficiency video coding (HEVC) standards for video encoding, use of cloud services to store increasing amount of data and ease of connecting analog cameras using video encoder to a network are the major factors driving the growth of the video encoder market. Morevoer, growing market for OTT services in developing countries and growth in number of mobile-streaming videos are creating immense opportunities for the video encoder market.

• Published: August 2022

IBM (US), Google (US) and HPE (US) are leading players in Infrastructure as Code Market

The infrastructure as code market size to grow from USD 0.8 billion in 2022 to USD 2.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. Major drivers for the market are the advent of modern cloud architecture and the demand for better optimization of business operations. The major restraint for the market is the limited number of skilled workforces. Critical challenges facing the IaC market include concerns regarding data security and privacy and potential duplication of errors. Underlying opportunities in the infrastructure as code market include the inception of composable infrastructure.

• Published: August 2022

Amprius Technologies (US), Enovix Corporation (US) and NanoGraf Corporation (US) are the Top Players in the Lithium Silicon Battery Market

The global lithium silicon battery market size is estimated to grow from USD 10 million in 2022 to USD 247 million by 2030, at a CAGR of 48.4 %. from 2022 to 2030. Lithium silicon batteries contain silicon anodes made partially or fully with silicon. Silicon can provide a higher energy density than graphite but tends to swell and break the material. Various companies have been developing or have developed proprietary silicon anode technology or silicon anode materials to overcome this major drawback. However, ongoing efforts by market players to solve four major problems enabling 100% silicon anode: Formation expansion, Formation Efficiency, Swelling, and Cycle Life, will drive the market growth in coming years.

• Published: August 2022

Digital Shipyard Companies - Siemens (Germany), Dassault Systemes (France) are the Key Players

A Digital Shipyard integrates system- and/or cloud-based solutions that coordinate, monitor, and improve processes related to ship manufacturing, maintenance, and support. A digital shipyard replaces outdated technology platforms and their compartmentalized data with unified state-of-the-art planning tools and a single common repository of design data that is always updated and universally available. The digital shipyard concept ensures that every aspect of shipbuilding during design and build and throughout its service life is live and accessible to the crew, those involved in the maintenance and upgrade of the fleet, as well as approved suppliers.

• Published: August 2022

Henkel AG (Germany) and H.B. Fuller (US) are Leading Players in the Waterproof Adhesives & Sealants Market

The global waterproof adhesives & sealants market size is projected to reach USD 31.3 billion by 2027 growing at a CAGR of 6.0% from 2022 to 2027. Rising demand from emerging markets and growth of building & construction industry are driving the market for waterproof adhesives & sealants.

• Published: July 2022

Market Leaders – Beneo (Germany), ADM (US), Cargill Incorporated (US), DuPont Nutrition and Bioscience (US), and Ingredion Incorpotated (US) are Increasing Their Market Share Steadily Through Investments and Expansions.

The global Dietary fibers market is estimated at USD 6.8 billion in 2022. It is projected to reach USD 12.3 billion by 2027, recording a CAGR of 12.6% during the forecast period. Dietary fibers are not easily digested by the human digestive system and are parts of plant-based food. Though they are not digestible by gastrointestinal acids, they remain vital component in a healthy diet as it supports in water absorption and ease bowel movements. Increasing health awareness among consumers across the globe combined with demand for animal-free ingredients and plant-based food are driving the growth of dietary fibers market. Plus, increasing consumption of fiber-based food is also expected to act as a one of the driving factors for increase in the demand for dietary fibers in the upcoming years.

• Published: July 2022

Market Leader - Safety Light Curtain Market

The safety light curtain market is expected to grow from USD 1.1 billion in 2022 to USD 1.4 billion by 2027, at a CAGR of 5.8% during the forecast period. The rise of digital platforms in manufacturing industries is the major drivers for the safety light curtain market. The digital manufacturing has led to the adoption of automated equipment and machinery create future scope for increasing the adoption of safety light curtain technology allowing manufacturing plants to function 24/7. The increased used of robots in packaging industry, and stringent workplace safety regultions are also major driving factors for the safety light curtain market.

• Published: July 2022

Market Leader - Thermally Conductive Plastics Market

The thermally conductive plastics market size is projected to reach USD 298 million by 2027, at a CAGR of 16.2% from USD 121 million in 2021. Asia Pacific was the largest market for thermally conductive plastics in 2021 owing to growth in electrical & electronics, telecommunications, and automotive industries. Miniaturization of electronic components is the major driver for the growth of thermally conductive plastics market. Technological advancement in power electronics and LED lighting technology is expected to increase the demand of thermally conductive plastics for during the forecast period. Rising adoption of electric vehicles and development of advance battery materials is also expected to increase the consumption of thermally conductive plastics during the forecast period. However, geopolitical uncertainties and low thermal conductivity of plastics hinders the growth of the market.

• Published: July 2022

Market Leaders : John Deer (US), CNH Industrial NV (UK), Kubota Corporation (JAPAN), Mahindra & Mahindra Ltd (India), Are Increasing Their Market Share Steadily Through Investments and Eepansions in Agricultural Sprayers Market

The global Agricultural sprayers is estimated at USD 2.5 billion in 2022. It is projected to reach USD 3.5 billion by 2027, recording a CAGR of 6.8% during the forecast period. Due to significant advancements in farming and spraying technology, the market for agricultural sprayers is growing. Sprayers are becoming more common in developing economies like China, Russia, and Brazil for crop protection. Farm operators now depend on sprayers to apply insecticides, herbicides, and fertilisers in the field pre and post harvest as needed. Farmers can apply chemicals more precisely and efficiently due to the technological developments in agricultural sprayers.

• Published: July 2022

Foremost Companies in the Medical Device Reprocessing Market: Stryker Corporation (US) and Johnson & Johnson (US)

The medical device reprocessing market is projected to reach USD 3.9 billion by 2027 from USD 2.0 billion in 2022, at a CAGR of 13.7% during the forecast period. Growth in the market is mainly driven by the growing need to minimize hospital costs and the rising geriatric population. However, the requirement to follow stringent regulatory procedures to enter the medical device reprocessing market may pose a threat to the market growth.

• Published: July 2022

Imperva (US) and Akamai (US) are leading players in Web Application Firewall Market

The global WAF market size is estimated to be USD 5.8 billion in 2022 and is projected to reach USD 13.8 billion by 2027, at a CAGR of 18.9% during the forecast period. Rising instances of web attacks, such as cyber theft, espionage, vandalism, and fraud is one of the key factors driving market growth.

• Published: July 2022

Electronic Adhesives Companies - Henkel AG (Germany) and Arkema SA (France) are Leading Players in the Electronic Adhesives Market

The global electronic adhesives market is projected to grow from USD 4.5 billion in 2022 and is projected to reach USD 6.1 billion by 2027, at a CAGR of 6.1%, between 2022 and 2027 period. The increasing number of patents filed for electronic adhesive products & applications by global players, growing manufacturing industries, and continuous expansion and merger & acquisition activities undertaken by companies are the key driving factors for the market.

• Published: July 2022

Freudenberg Group (Germany) and Berry Global Group Inc (US) are Leading Players in the Nonwoven Filtration Market

The Nonwoven filtration market size is estimated to be USD 7.1 Billion in 2022 and is projected to reach USD 9.6 Billion by 2027, at a CAGR of 6.2%. Nonwoven fabrics are broadly defined as sheet or web structures connected together by entangling fiber or filaments (and by perforating films) mechanically, thermally, or chemically. They are flat, porous sheets that are manufactured directly from separate fibers or from molten plastic or plastic film. These fabrics can be engineered in various ways to offer specific properties to filter media.

• Published: July 2022

Military Wearables Companies - BAE Systems PLC (UK) and Elbit Systems Ltd. (Israel) are the Key Players

Military wearables are smart electronics devices and equipment that are incorporated into a soldiers uniform or attached to the body as implants or accessories. The military wearables market size is projected to grow from USD 3.1 Billion in 2022 to USD 3.4 Billion by 2027, at a CAGR of 1.8% from 2022 to 2027. Armed forces from various nations around the world have been working to empower their soldiers with cutting-edge technologies like advanced head mounted displays, body diagnostics sensors, advanced personal clothing, improved navigation & communication devices, and other types of military wearables in an effort to increase the level of protection for their soldiers.

• Published: July 2022

Medtronic, PLC. (Ireland) and Cardinal Health (US) are Leading Players in the Medical Supplies Market

The medical supplies market is projected to reach USD 163.5 billion by 2027 from USD 138.4 billion in 2022, at a CAGR of 3.4% during the forecast period. The market growth drivers are the increasing prevalence of chronic diseases worldwide and increasing investments into medical research. The growth rate of the market is restrained by the product recalls and stringent regulatory standards for the medical supplies approvals.

• Published: July 2022

Denso Corporation (Japan), Hanon Systems (South Korea) and Valeo (France) are leading players in Thermal Systems Market

The thermal systems market is projected to reach USD 41.7 billion by 2027 from USD 37.6 billion in 2022, at a CAGR of 2.1%. With increased demand for in-vehicle comfort applications such as heated/ventilated seats, heated steering, and rear air conditioning, the use of thermal systems has increased in different vehicle segments. Further, rising stringency in vehicular emissions and fuel economy parameters has led manufacturers to develop fuel efficient engines of reduced size and enhanced performance. Rising growth of electric and commercial vehicles is also expected to drive the thermal systems market.

• Published: July 2022

Market Leader - Data-centric Security Market

MarketsandMarkets forecasts the global data-centric security market size is projected to grow from an estimated value of USD 4.2 billion in 2022 to USD 12.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.9% from 2022 to 2027. Increasing demand for data-centric security solutions for cloud-based data security; stringent compliances and regulations; and increasing risk on enterprise data due to exploitation of big data analytics, machine learning, and artificial intelligence is driving the growth of data-centric security market across the globe.

• Published: July 2022

GetWellNetwork (US), Epic Systems Corporation (US) and SONIFI Health (US) are Leading Players in the Interactive Patient Care (IPC)/ Interactive Patient Engagement Solutions Market

The interactive patient engagement solutions market is projected to reach USD 300 million by 2027 from USD 146 million in 2022, at a CAGR of 15.5%. The growth of this market is driven by the need for the adoption of improved interactive patient engagement solutions and  favorable government regulations and initiatives to promote the adoption of these solutions.

• Published: July 2022

Intelligent Medical Objects, Inc. (US) and Wolters Kluwer N.V. (Netherlands) are Leading Players in the Medical Terminology Software Market

The global medical terminology software market is projected to reach USD 2.5 billion by 2027 from an estimated USD 1.0 billion in 2022, at a CAGR of 19.3% during the forecast period. Growth in this market is driven by the rising focus on minimizing medical errors, and government initiatives for HCIT adoption. On the other hand, IT infrastructural constraints and the interoperability issues are limiting the growth of the global medical terminology software market to a certain extent.

• Published: July 2022