Research Insight

Caps & Closures Companies - Market Leader in Caps & Closures Market

The global caps & closures market is estimated to be USD 65.0 billion in 2021 and is projected to reach USD 85.0 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. Thedriving factors for the caps & closures market is increase in demand for easy-to-open and sustainable packs, demographic trends, and rapid urbanization contribute to the demand and adoption rate of caps & closures. These are widely used in the food & beverage industry for various applications, such as bottled water, carbonated drinks, mayonnaise, ketchup, and alcoholic beverages. Caps & closures help extend the shelf life of products, provide a barrier to dirt and moisture, and balance the oxygen content of the packed product. Import and export of caps & closures have been gaining importance with its increasing demand.

• Published: November 2021

Cosmo Films (India) and Jindal Poly Films (India) are Leading Players in the Metallized Film Market

The metallized film market is projected to grow from USD 2.4 billion in 2020 to USD 3.3 billion by 2026, at a CAGR of 5.3% between 2021 and 2026. Rising consumer demand for processed and packaged food items and shifting preference for aesthetically appealing products are fueling the demand for flexible packaging, which, in turn, is driving the market for metallized films.

• Published: November 2021

Foremost Companies in the Aptamers Market: Raptamer Discovery Group (US) and SomaLogic Inc. (US)

The aptamers market valued at an estimated USD 151 million in 2021 and is projected to reach USD 342 million by 2026, at a CAGR of 17.7% during the forecast period. Growth of aptamers market is attributed to factors such as increase in number of clinical trials for development of aptamer-based therapeutics, increase in awareness about advantages of aptamers as compared to antibodies, rising investment in pharmaceutical R&D, and rising prevalence of chronic and rare diseases to increase the demand for aptamer-based therapeutics and diagnostics. Growth in the venture capital funding for research on aptamers and growing collaborations with research institutes and pharmaceutical companies are also expected to offer a wide range of growth opportunities to players in the market. On the other hand, low market acceptance as compared to antibodies is likely to restrain the market growth while shortage of skilled & trained professionals may challenge market growth to a certain extent.

• Published: November 2021

Foremost Companies in the Healthcare IT Integration Market: Cerner Corporation (US) and CarePort Health (US)

The global healthcare IT integration market is projected to reach USD 7.1 billion by 2026 from USD 3.9 billion in 2021, at a CAGR of 12.4%  during the forecast period. The growth in this market is driven by the increased use of connected care technologies during COVID-19, rapid adoption of electronic health records and other healthcare IT solutions, urgent need to integrate patient data into healthcare systems and favourable government policies, funding programs, and initiatives to deploy healthcare IT integration solutions.

• Published: November 2021

ADM (Archer Daniels Midland Company) and MGP Ingredients (US) are the Key Players in the Grain Alcohol Market

The global grain alcohol market size is estimated to be valued at USD 12.2 billion in 2021 and is projected to reach USD 14.9 billion by 2026, recording a CAGR of 4.1% during the forecast period. The global grain alcohol market is witnessing a growth trend due to factors, such as developing economies, increased production of grain alcohol, and growth in consumption of alcoholic beverages. Grain alcohol has various applications in the food, beverage, and pharmaceutical industries.

• Published: November 2021

IBM(US), SAS Institute(US) and FICO(US) are leading players in Prescriptive Analytics Market

The prescriptive analytics market size to grow from USD 4.9 billion in 2021 to USD 14.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. Various factors such as increasing spending on marketing and advertising activities by enterprises, changing landscape of customer intelligence to drive the market, and proliferation of customer channels are expected to drive the adoption of prescriptive analytics solutions and services.

• Published: November 2021

Market Leader - Smart Electric Drive Market

The global smart electric drive market size is projected to grow from USD 915 Million in 2021 to USD 4,245 Million by 2026, at a CAGR of 35.9%. Factors such as increasing demand for electric vehicles around the world, growing demand for smart electric drive equipment due to their higher vehicle efficiency, lower parts weight and compact size of assembly will boost the demand for smart electric drive market. The growing concern for larger distance commuting using EV’s will also boost the market.

• Published: November 2021

General Electric (US) and Siemens (Germany) are leading players in Electrical Digital Twin Market

The electrical digital twin market is expected to grow from an estimated USD 0.8 billion in 2021 to USD 1.3 billion by 2026, at a CAGR of 12.2% during the forecast period. The growing need for integration of variable renewable energy with the grid and decentralization of distributed energy resources using electrical digital twins is the main driver for the electrical digital twin market. The emergence of Energy 4.0 and adoption of advanced technologies for implementation of digital twin applications and achieving network-level optimization provide lucrative opportunities for the electrical digital twin market during the forecast period

• Published: November 2021

High-Frequency Transformer Companies - TDK Corporation (Japan), Murata Manufacturing Co. Ltd. (Japan) and Delta Electronics Inc. (Taiwan) are the Leading Manufacturers

The global high-frequency transformer market size is expected to grow from USD 1.7 billion in 2021 to USD 2.3 billion by 2026, at a CAGR of 6.1%. The major factor fueling the demand for high-frequency transformers is the growing adoption of advanced technologies such as IIoT, factory automation, 5G, and cloud computing in the consumer electronics, automotive, manufacturing, IT & telecommunications, and military & defense verticals. The rising trend of miniaturization of electronics and small form factor components in the consumer electronics and automotive verticals are projected to drive the growth of the high-frequency transformer market from 2021 to 2026.

• Published: October 2021

Siemens AG (US) and Honeywell International Inc. (US) Pipeline Monitoring System Market

The global pipeline monitoring system market size is projected to grow from USD 13.2 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 7.8% from 2021 to 2026. Pipeline monitoring is a single system that detects smaller leaks or damages securely and more reliably while simultaneously monitoring for third-party interference and other external pipeline threats to prevent leaks altogether. Pipeline monitoring system is widely used in end-use industries such as crude & refined petroleum, and water & wastewater, amongst others.

• Published: October 2021

Market Leaders - In-Wheel Motor Market

The global in-wheel motor market is projected to grow at a CAGR of 40.3% during the forecast period to reach USD 4,395 million by 2026 from an estimated USD 808 million in 2021. The base year for the report is 2020, and the forecast period is from 2021 to 2026. The growth of the in-wheel motor market is driven by increased performance, driving range, reduced weight, reliability, and provision for improved electric vehicle performance similar to Internal Combustion Engine (ICE) vehicles. Additionally, it can reduce vehicle part count, complexity, and cost by integrating power electronics into the system. The system can also be combined with regenerative braking to enhance performance and increase distance coverage per charge.

• Published: October 2021

Coinbase, Inc. (US) and Gemini Trust Company, LLC. (US) are leading players in Crypto Asset Management Market

The global crypto asset management market is projected to grow from USD 0.4 billion in 2021 to USD 1.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. The increasing venture capital funding and growing investments in crypto asset management technology would drive market growth.

• Published: October 2021

FLIR (US) and 908 Devices(US) are the Major Players in the Mobile Mass Spectrometers Market

The mobile mass spectrometers market size is expected to grow from an estimated USD 120 million in 2021 to USD 404 million by 2026, at a CAGR of 27.4% during the forecast period. Product architecture & ease of use and technological advancements coupled with stringent government regulations for pollution monitoring and control are high growth prospects for the mobile mass spectrometer market during the forecast period.

• Published: October 2021

Cargill, Incorporated (US) and Royal DSM N.V. (Netherlands) are Leading Players in the Animal Growth Promoters and Performance Enhancers Market

The global animal growth promoters and performance enhancers market is projected to reach USD 21.4 billion by 2026 from USD 16.2 billion in 2021, at a CAGR of 5.7%. Animal health products, including growth promoters and performance enhancers, are types of drugs and chemicals used for animal growth. These enhancers help to digest food more effectively and enable animals to grow faster, which, in turn, help to improve productivity. Growth in the animal growth promoters and performance enhancers market is majorly driven by the rising demand for animal consumption and consumption of livestock-based products, rising global demand for naturally produced growth promoters, and rising animal epidemics and climate change. However, a ban on antibiotics in different nations and stringent regulations restricting the use of antibiotics and hormones for growth promotion in animals are expected to restrain the growth of the animal growth promoters and performance enhancers market during the forecast period.

• Published: October 2021

Aircraft Propeller System Companies - HARTZELL PROPELLR (US) and MT-PROPELLER (GERMANY) are the Key Players

Aircraft propellers are devices that are used in different types of aircraft to create relative motion by forcing the environmental air axially backward for the movement of an aircraft. They provide the required thrust to an aircraft to fly by rotating fans/rotor blades. Aircraft propellers transform rotational motion generated by rotating fans/rotor blades into sweeping force with the help of an aircraft engine to ensure the flight of the aircraft. Propeller systems consist of blades, hubs, and digital electronic controls that incorporate advanced aerodynamics, structures, control dynamics, software, and de-icing components into modern aircraft propeller systems. Propeller blades are the prime components in aircraft propeller systems and are generally made of aluminum or composites.

• Published: October 2021

Lubricating Oil Additives Companies - Market Leader in Lubricating Oil Additives Market

The lubricating oil additives market size is estimated to be USD 18.2 billion in 2021 and is expected to reach USD 20.4 billion by 2026, at a CAGR of 2.3% during the forecast period. Factors such as increasing demand from the automotive and industrial sector are the major driving factors of lubricating oil additives market. Whereas drive towards alternative fuels, rising competition from unorganized and fragmented market and reduction in the use of metal parts by automakers are the major restraints for the lubricating oil additives. Increasing demand for renewable energy is a major opportunity.  Fluctuations in prices of crude oil, rising demand for hybrid and electric vehicles and expensive R&D process to formulate additive package in compliance with stringent environmental regulations remains the major challenges of this market.

• Published: October 2021

Market Leader - Defect Detection Market

The global defect detection market is estimated to grow from USD 3.5 billion in 2021 to USD 5.0 billion by 2026 at a CAGR of 7.5% during 2021–2026. The growth of the defect detection market is driven by factors such as strong focus of manufacturers on automating quality control and quality assurance processes; stringent health and safety measures imposed by governments and standards organizations on global manufacturing firms; and high demand for application-specific integrated circuits (ASICs). However, dearth of skilled professionals in manufacturing factories is restraining the growth of the market. Nevertheless, defect detection systems are likely to be adopted at a significant rate in various industries, garnering the interest of industry players across several verticals.

• Published: October 2021

Vacuum Valve Companies - VAT Group AG (Switzerland), MKS Instruments (US), are the Key Players

The global Vacuum Valve Market is projected to reach USD 1.8 billion by 2026 from an estimated USD 1.2 billion in 2021, at a CAGR of 8.5% from 2021 to 2026. Major factors driving the growth of the market include rapidly growing semiconductor industry and growing adoption of advanced displays creating demand for vacuum-based manufacturing processes.

• Published: October 2021

Satellite Modem Companies - Comtech Telecommunications Corp. (US) and ST Engineering (Singapore) are the Key Players

The satellite modem market is estimated to grow from USD 403 million in 2021 to reach USD 710 million by 2026; it is expected to grow at a CAGR of 12.0% from 2021 to 2026. A few key factors driving the growth of this market are rising need for enriched high-speed data communication, increase in the number of high-throughput satellites (HTS), and growing demand for satellite communication in internet of things (IoT).

• Published: October 2021

Geotechnical Instrumentation and Monitoring Companies - Fugro (Netherlands) and Keller Group (UK), are the Key Players

The Geotechnical Instrumentation and Monitoring Market is estimated to be worth USD 3.2 billion in 2021 and is projected to reach USD 5.1 billion by 2026, at a CAGR of 9.6%. Rising infrastructure investments, increasing adoption of geotechnical instruments to prevent structural failures, government regulations for sustainable structures and growing awareness about the benefits of instrumentation and monitoring toolsare some of the major factors contributing to the market growth globally.

• Published: October 2021

Electric Vehicle Fluids Companies - Royal Dutch Shell plc (Netherlands) and ExxonMobil Corporation (US) are leading players in Electric Vehicle Fluids Market

The Electric Vehicle Fluids market is projected to reach USD 8,644 million by 2030, at a CAGR of 31.2% from USD 749 million in 2021.

• Published: October 2021

SAP (Germany) and Teradata (US) are Leading Players in the Predictive Analytics Market

The global Predictive Analytics market size to grow from USD 10.5 billion in 2021 to USD 28.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. Various factors such as increasing use of AI and ML and acquisitions and product launches in this market are expected to drive the adoption of Predictive Analytics software and services.

• Published: October 2021

Terumo Corporation (Japan), Abbott (US) and Cardinal Health (US) are leading players in Vascular Closure Devices Market

The global vascular closure devices market is projected to reach USD 1.3 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 7.0% during the forecast period. The growth in this market can be attributed to a large number of approvals for vascular closure devices, high prevalence of cardiovascular diseases, increasing prevalence of obesity, increasing focus of market players on large-bore vascular closure devices, growing geriatric population, favorable reimbursement scenario for interventional radiology procedures, and rising focus on effective blood loss management in patients during surgeries. Emerging markets providing growth opportunities for market players and growth in the number of hospitals & surgical centers are expected to offer strong growth opportunities for players in the market. In contrast, the need for highly skilled professionals, risks associated with vascular closure devices and stringent regulatory framework may challenge market growth to a certain extent. The vascular closure devices market is segmented based on type, access, procedure, and region.

• Published: October 2021

Cooper Companies Inc. (US) and Cook Group Incorporated (US) are the Major Players in the Infertility Treatment Market

The global infertility treatment market size is projected to reach USD 2.2 billion by 2026 from USD 1.5 billion in 2021, at a CAGR of 8.1 % during the forecast period. The decline in the fertility rate, increase awareness about the availability of infertility treatment procedures, rising number of fertility clinics, increasing public & private investments and growing technological advancements are expected to drive market growth in the coming years

• Published: October 2021

Market Leader - Extruders Market

The extruders market size is estimated to be USD 9.3 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 4.4% between 2021 and 2026. Growing demand for building & construction end-use industry is expected to support the growth of the extruders market. However, huge investment in R&D and strict rules and technological advancement is restraining the growth of the market. On the other hand, innovation in product development has created opportunities for manufacturers.

• Published: October 2021

Global Returnable Packaging Companies - Brambles (Australia) and Schoeller Allibert (Netherlands) are the Major Players in the Global Returnable Packaging Market

The global returnable packaging market size is projected to grow from USD 104.9 billion in 2021 to USD 141.7 billion by 2026, at a CAGR of 6.2% from 2021 to 2026. Returnable packaging is an environment-friendly and cost-effective alternative to one-way packaging products. This method is generally used by manufacturers/processors and their suppliers/customers in an organized supply chain with closely managed shipping loops. Returnable packaging is widely used and preferred in end-use industries such as food & beverage, automotive, consumer durables, and healthcare, amongst others.

• Published: October 2021

Market Leader - Security as a Service Market

The global security as a service market size is expected to grow from USD 12.4 billion in 2021 to USD 23.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The key growth driver of the security as a service market are mandates to follow regulatory and data protection laws, increase in demand for cloud-based security solutions among SMEs, and high cost and risks in managing on-premises security solutions.

• Published: October 2021

IBM(US) and Cisco(US) are leading players in Security Analytics Market

The security analytics market size to grow from USD 12.0 billion in 2021 to USD 25.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Various factors such as demand to discover patterns, prioritization of network-based threats with actionable intelligence to avert data losses, and prevention of onward intrusion and increasing focus on maintaining regulatory compliance are expected to drive the adoption of security analytics solutions and services.

• Published: October 2021

Foremost Companies in the Healthcare Fraud Analytics Market: IBM Corporation (US) and Optum, Inc. (US)

The healthcare fraud analytics market is projected to reach USD 5.0 billion by 2026 from USD 1.5 billion in 2021, at a CAGR of 26.7% during the forecast period. The growth of the healthcare fraud analytics market can largely be attributed to factors such as a large number of fraudulent activities in healthcare, increasing number of patients seeking health insurance, high returns on investment, and the rising number of pharmacy claims-related frauds. However, the dearth of skilled personnel is expected to restrain the growth of this market.

• Published: October 2021

FENZI Group (Italy) and Sherwin Williams Company (US) are Leading Players in the Mirror Coatings Market

Mirror Coatings market is projected to grow from USD 642 Million in 2021 to USD 829 Million by 2026, at a CAGR of 5.3% between 2021 and 2026. The driving factor for the Mirror coatings market are high growth in architectural and solar power industries. APAC, South America, and the Middle East & Africa are the fastest-growing segments of the mirror coatings market for architectural applications. This is due to ongoing investments in infrastructural development, increasing urbanization, and rising standards of living in these regions.

• Published: October 2021

Aluminum Casting Companies - Alcoa Corporation (US) and Ryobi Limited (Japan) are the Key Players in the Aluminum Casting Market

The global aluminum casting market size is estimated at USD 70.4 billion in 2021 and is projected to reach USD 100.5 billion by 2026, at a CAGR of 7.4%, between 2021 and 2026. Aluminum casting is a type of metalworking process that involves pouring liquid metal into a mold or form. Aluminum casting is a variation of this that uses only aluminum and aluminum alloys as the liquid metal that is poured into the mold. Aluminum castings are used to make complex and detailed parts very efficiently. Traditionally, aluminum casting was achieved using a process called green sand casting. This involved the use of wet sand in the creation of casting molds. As a method, it was efficient and cost-effective, but not without its drawbacks. The die casting method of aluminum casting is ideal when large numbers of simple or complex castings are required. This casting process results in an aluminum casting with smoother surfaces and good dimensional accuracy. This means that less fettling and finishing is required.

• Published: October 2021

Market Leaders: Arla Food (UK) and Glanbia (IRELAND) are Focusing on Organic and Inorganic Growth Towads Expanding Their Business to Strengthen Their Market Position Cheese Market

The global cheese market size is estimated to be valued at USD 88.7 billion in 2021 and is projected to reach USD 105.9 billion by 2026, recording a CAGR of 3.6% during the forecast period. The global cheese market is witnessing a growth trend due to factors, such as developing economies, easy availability of cheese products, and growth in consumption of dairy products. Cheese and cheese powder have various applications in the food industry, such as bakery & confectionery; snacks & cereals; ready meals; and soups, sauces, & dips.

• Published: October 2021

During the forecast period, Natus Medical, Inc. (US), Compumedics Limited (Australia), The Magstim Co. Ltd. (UK), Nihon Kohden Corporation (Japan), and Masimo Corporation (US), are the Leading Players in the global Epilepsy Monitoring Devices Market.

The global epilepsy monitoring devices market is projected to reach USD 615 million by 2026 from USD 489 million in 2021, at a CAGR of 4.7% during the forecast period. The growth in this market is driven by the increasing incidence and prevalence of epilepsy, growing preference for ambulatory healthcare and increasing use of wearables, growing demand for continuous monitoring, and the rising awareness of neurodegenerative diseases, including epilepsy.

• Published: October 2021

OC Oerlikon (Switzerland) and Nordson Corporation (U.S.) are Leading Players in the Coating Equipment Market

The coating equipment market size is estimated to be USD 18.9 Billion in 2021 and is projected to reach USD 24.7 Billion by 2026, at a CAGR of 5.6%. Coating equipment is defined as the equipment used for the application of coating on a substrate. Based on the type of coating, coating can be classified as liquid, powder, and specialty coating. These coatings are applied so as to protect them from rusting, degradation and corrosion which increases their effective life without any maintenance and replacement costs. Some of the important end-use industry are automotive & transportation, aerospace, industrial and building & construction. Similarly, the equipment used for applying the different type of coatings is broadly categorized as liquid coating equipment, powder coating equipment, and specialty coating equipment.

• Published: October 2021

Fiserv (US) and ICE Mortgage Technology (US) are leading players in Digital Lending Market

MarketsandMarkets forecasts the global Digital Lending Market size to grow from USD 10.7 billion in 2021 to USD 20.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. Proliferation of smartphones and growth in digitalization, need for better customer experience, government actions to safeguard digital lending, greater visibility and options for borrowers and lenders, growing demand for digital lending platforms among SMEs, and surge in digital lending during the pandemic are key factors for the growth of the Digital Lending market.

• Published: October 2021

Milliken & Company (US) and Trevira GmbH (Germany) are Leading Players in the Antimicrobial Textile Market

The global antimicrobial textiles market size is projected to grow from USD 10.7 billion in 2021 to USD 14.7 billion by 2026, at a CAGR of 6.5% from 2021 to 2026. Antimicrobial textiles are fiber-based substrates on which antimicrobial agent is either coated or incorporated, to either kill or inhibit the growth of microorganisms. Antimicrobial textiles is widely used and preferred in various applications such as sportswear, protective wear, curtains & drapes, carpets, surgical supplies & wipes, bedding, intimates, and footwear.

• Published: October 2021

Suez Water Technologies & Solutions (US) and DuPont (US) are the Leading Players in the Water Desalination Equipment Market

The global water desalination equipment market is projected to reach USD 11.2 billion by 2026 from an estimated market size of USD 7.1 billion in 2021, at a CAGR of 9.5% during the forecast period. The factors driving the growth for water desalination equipment are water scarcity and depletion of freshwater sources across the globe and rapid urbanization and industrialization in developing economies.

• Published: October 2021

Ericsson (Sweden) and Akamai Technologies (US) are leading players in IPTV Market

The IPTV market size is projected to grow from USD 50.9 billion in 2021 to 115.2 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period. The major factors driving the growth of the IPTV market are the growing preference for video-on-demand and growing demand for high-definition channels, Increase in internet video advertising, and rising internet penetration.

• Published: October 2021

Foremost Companies in the Residential Air Purifiers Market: Sharp Corporation (Japan) and Honeywell International Inc. (US)

The residential air purifiers market is projected to reach USD 14.1 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1%. Residential air purifiers are the most effective devices to improve indoor air quality and to reduce or remove the sources of pollutants and to ventilate with clean air. These are designed to filter the air in a single room or area and reduce indoor air pollution. Over the years, residential air purifiers have gained importance among homes and residential buildings with the inclination towards quicker, safer, simpler, and high-end air purifiers, encouraging the growth of the residential air purifiers market. Other factors driving market growth include the rising air pollution levels and increasing urbanization, which have further necessitated the need for better air quality at home. However, the high cost of these products and technical limitations associated with air quality monitoring products are expected to restrain market growth to a certain extent.

• Published: October 2021

Missile Defense System Companies - Northrop Grumman Corporation (US), Lockheed Martin (US) are the Key Players

The Missile Defense System Market size is projected to grow from USD 23.9 Billion in 2021 to USD 29.7 Billion by 2026, at a CAGR of 4.4% from 2021 to 2026. The market is driven by factors such as increase in the defense budget, growing border disputes as well as need for advanced missile defense system to counter the modern combact to safeguard the country’s border.

• Published: October 2021

Johnson Matthey (UK) and BASF Catalyst (Germany) are Leading Players in the Emission Control Catalysts Market

The emission control catalysts (ECC) market size is estimated at USD 42.9 billion in 2021 and is projected to reach USD 59.8 billion by 2026, at a CAGR of 6.9% during the forecast period. The major factors driving the market are the stringent emission standards implemented by governments across the globe and increasing aftermarket for catalytic converters. Moreover, increasing power generation plants in various countries, and rising awareness among automobile manufacturers about the benefits of using catalytic converters is also influencing market growth.

• Published: October 2021

Market Leadership - Cloud Advertising Market

The global cloud advertising market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period, to reach USD 6.7 billion by 2026 from USD 2.7 billion in 2021. Major factors that are expected to drive the growth of the cloud advertising market include increasing adoption of cloud services, growing need for targeted marketing and consumer analytics, and better return on investment and cost optimization.

• Published: October 2021

Foremost Companies in the 5G in Healthcare Market: AT&T (US) and Verizon (US)

5G stands for the fifth generation of mobile communication technology. With each generation’s new technology and standards, there have been improvements in transmission speed and network capacity. 5G represents a big leap in cellular technology and in healthcare by providing essential levels of connectivity to enable a new health ecosystem, one that can meet the needs of patients and providers accurately, efficiently, cost-effectively, conveniently, and at a substantial scale. This massive network will include billions of low-bitrates and low-energy connected health monitoring devices, remote sensors, and clinical wearables, with 5G providing a backbone infrastructure for IoT.

• Published: October 2021

AWS (US) and Apple(US) are leading players in Voice Assistant Application Market

MarketsandMarkets projects the voice assistant application market to grow from USD 2.8 billion in 2021 to USD 11.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 32.4% during the forecast period. Major factors driving the growth of the voice assistant application market include advancements in voice-based AI technologies, rising adoption of voice-enabled devices, increasing focus on customer engagement, and emergence of low-code platforms for voice assistant applications.

The key and emerging players of the voice assistant application market include [24]7.ai (US), Aivo (Argentina), AWS (US), Apple(US), Avaamo(US), Avaya (US), Baidu (China), Cisco (US), Clinc (US), Creative Virtual (UK), Google (US), Inbenta (US), IBM (US), Haptik (India), Kata.ai (Indonesia), Microsoft (US), Mindsay (US), Oracle (US), Rasa (US), Samsung (South Korea), SAP (Germany), Slang Labs (India), SoundHound (US), Verbio (Spain), Verint Systems (US), and Zaion (France). These players have adopted various strategies, such as new product launches, product enhancements, acquisitions, and partnerships to grow in the voice assistant application market.

• Published: September 2021

Market Leaders - Food Extrusion Market

The global food extrusion market is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The demand for Ready-To-Eat (RTE) snack foods is growing due to their convenience, nutrition value, attractive appearance, taste, and texture. Cereal-based extruded snacks are the most commonly consumed snacks. Extruders blend the diverse ingredients to develop novel snack foods. The quality of the final product depends on the processing conditions used during extrusion, which includes the composition of the raw materials, feed moisture, barrel temperature, screw speed, and screw configuration.

• Published: September 2021

ExxonMobil Corporation (US) and Dow Inc. (US) are the Leading Players in the Ethylene Vinyl Acetate Market

The EVA market size is estimated to be USD 9.7 Billion in 2021 and is projected to reach USD 13.6 Billion by 2026, at a CAGR of 6.8%. EVA is the copolymer of ethylene and vinyl acetate. It is an elastic material with the presence of about 10% – 40% of vinyl acetate content. It is also known as polyethylene vinyl acetate (PEVA), with high flexibility and softness. EVA also possesses good clarity and gloss, low-temperature toughness, stress-crack resistance, high friction coefficient, hot-melt adhesive waterproof properties, and resistance to UV radiations. These copolymers are used in various end-use industries such as footwear & foams, packaging, agriculture, photovoltaic encapsulation, and others end-use industries.

• Published: September 2021

Missile Seekers Companies - BAE Systems (UK) and Boeing (US) are the Key Players

The global missile seekers market size is projected to grow from USD 5.3 billion in 2021 to USD 6.8 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The market is driven by factors such as deployment of defence systems by different national defence organizations, reduction in the size of missiles, introduction of new missile seeker technologies like imaging infrared (I2R), etc.

• Published: September 2021

Industrial Refrigeration System Companies - Johnson Controls (Ireland) and Emerson Electric Co. (US) are the Key Players

The global industrial refrigeration system market is estimated to grow from USD 19.4 billion in 2021 to USD 25.1 billion by 2026 at a CAGR of 5.3% during 2021–2026. The growth of the industrial refrigeration system market is driven by factors such as the rising demand for innovative and compact refrigeration systems; increasing government support to strengthen cold chain infrastructure in developing countries, and growing inclination toward eco-friendly refrigerant-based refrigeration systems due to stringent regulatory policies.

• Published: September 2021

Automated Optical Inspection Companies - Koh Young (South Korea) and Test Research, Inc. (TRI) (Taiwan) are the Key Players

The automated optical inspection market was valued at USD 598 million in 2020 and is projected to reach USD 1,660 million by 2026. It is expected to grow at a CAGR of 20.8% during the forecast period.  Advantages of AOI over other inspection methods, upsurge in the demand for consumer electronics amidst pandemic, rising need for miniature, high-speed PCBs, demand for higher productivity by electronics manufacturing services (EMS) companies, and growing demand for electronics in automotive sector are contributing to the growth of the automated optical inspection market. Advent of SMART technology, newer applications of AOI systems apart from PCB inspection, and growing demand for AOI systems for inspection of IC substrates act as a growth opportunity for the market players.

• Published: September 2021

Foremost Companies in the Influenza Diagnostics Market: Thermo Fisher Scientific, Inc. (US) and F. Hoffmann-LA Roche AG (Switzerland)

The global influenza diagnostics market is projected to reach USD 1.1 billion by 2026 from USD 0.8 billion in 2021, at a CAGR of 7.7% during the forecast period. Growth in the influenza diagnostics market is mainly driven by factors such as the increasing prevalence of influenza, Growth in influenza research for diagnostic technologies and Rising demand for rapid disease diagnosis. However, variabilities in test sensitivity and specificity and rising healthcare costs are the major factors hampering the growth of this market.

• Published: September 2021