Research Insight

Foremost Companies in the Process Analytical Technology Market: Thermo Fisher Scientific, Inc. (US) and Agilent Technologies, Inc. (US)

The global process analytical technology market is projected to reach USD 6.1 billion by 2027 from USD 3.2 billion in 2022, at a CAGR of 13.8% during the forecast period. Market growth is primarily driven by factors such as government regulations on drug safety, increased R&D spending by pharmaceutical and biopharmaceutical firms, improvements in drug quality, increasing government investments in emerging countries, and technological advancements in analytical devices. However, the high cost of deployment of PAT systems and a shortage of skilled professionals are expected to limit market growth to a certain extent in the coming years.

• Published: October 2022

Green Coatings Companies - Axalta Coating Systems (US) and PPG Industries (US) are Leading Players in the Green Coatings Market

The Green coatings market is projected to grow from USD 123.6 billion in 2022 to USD 155.9 billion by 2027, at a CAGR of 4.8% between 2022 and 2027. Asia Pacific is estimated to be the largest consumer of Green coatings. The global Green coatings major players have made several strategic developments across value chain to focus on changing customer preferences.

• Published: October 2022

Aircraft Flight Control Systems Companies - Moog Inc. (US) and Safran SA (France) are the Key Players

The Aircraft Flight Control Systems market size is projected to grow from USD 14.5 Billion in 2022 to USD 21.5 Billion by 2027, at a CAGR of 8.2 % from 2022 to 2027. The necessity for lightweight flight control systems to fulfill the demand for modern aircraft and increased air traffic footprint is expected to influence the demand for commercial aircraft globally. However, delays in aircraft orders are anticipated to hinder market growth during the forecast period.

• Published: October 2022

Market Leader - Light Electric Vehicles (LEVs) Market

The global light electric vehicle (LEV) market is projected to grow from USD 78.5 billion in 2022 to USD 122.7 billion by 2027, registering a CAGR of 9.4%. E-ATV/UTV, E-Bike, E-Scooter, E-motorcycle, Neighborhood Electric vehicles, E-Lawn Mowers, and Electric industrial vehicles were mapped as part of this research. Factors such as improved government push for the electrification of electric commercial vehicles for agricultural and warehousing use, easy access to charging points, and increased user preference for zero-emission transport will increase the demand for electric utility vehicles. Factors Leading original equipment manufacturers (OEMs) have begun investing in R&D for electric utility vehicles as a result of factors like rising demand for zero-emission vehicles and strong governmental support. The demand for electric utility cars will expand in practically every sector as a result of rising petroleum prices around the world. The efficiency of these batteries is probably going to increase as EV batteries develop. Users of electric utility cars will be able to easily charge their vehicles (so they can be switched out via battery swapping) and drive great distances thanks to the rapid charging infrastructure set up in several countries: Over the past ten years, LEV technology has experienced rapid expansion as consumer demand for these cars has grown. To increase the efficiency of LEVs, important technologies are being developed, including the internet of things (IoT), 5G linked cars, artificial intelligence (AI), and smart charging systems. These technologies can be used to greatly improve the efficiency of LEVs. IoT is a network of computing systems that allows for data transport. Businesses use this technology to transfer files over a single network. Similar to how smart warehouses using autonomous guided vehicles (AGVS) require real-time communication, 5G, the fifth generation of wireless technology, can improve the efficiency of smart warehouse operations. For instance, since May 2018, Toyota Material Handling has been engaged in four Al development initiatives.

• Published: October 2022

IBM (US) and Ericsson(Sweden) are leading players in Cloud Managed Services Market

The Cloud managed services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period, to reach USD 164.0 billion by 2027 from USD 99.0 billion in 2022.

• Published: October 2022

Ananas Anam (UK) and DESSERTO (Mexico) are leading players in Plant-Based Leather Market

The plant-based leather market is projected to reach USD 97 million by 2027 growing at a CAGR of 7.5% from 2022 to 2027. The detrimental impact of the animal leather industry on the environment is influencing consumers to seek eco-friendly substitutes for conventional leather. One such substitute that has revolutionized sustainable fashion is plant-based leather, which gives customers a way to choose clothing that is more environmentally ethical without sacrificing quality or style. Plant-based leather is a biodegradable, cruelty-free animal leather substitute made from agro-waste using much less water and energy.

• Published: October 2022

Water Storage Systems Companies - CST Industries Inc. (US) and McDermott International Inc. (US) are Leading Players in the Water Storage Systems Market

The global water storage systems market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%. The increasing demand for water storage systems from end uses, such as residential, commercial, industrial, and municipal, drives the market. Demand for water tanks is encouraged by many companies to formulate different developmental strategies in the water storage systems market to expand their footprint in the market. The companies have adopted various strategies, such as investment & expansion, merger & acquisition, new product launches, and joint ventures to increase their global presence and maintain sustained growth in the water storage systems market.

• Published: October 2022

Lyft, Inc (US), Bird (US) and TIER (Germany) are leading players in Micro-Mobility Market

The micro-mobility market is estimated to grow from USD 3.4 billion in 2022 to USD 6.1 billion by 2027 at a CAGR of 12.5% over the forecast period . The growth of this market is primarily driven by the rapid urbanization, rise in demand for on-demand public transportation, rise in traffic congestion in smart cities, and rise in venture capital and strategic investments.

• Published: October 2022

Market Leaders : SGS Group Remains on of the Market Leaders with Its Diversified Product Portfolio and Efficient Risk Management Services in Soil Monitoring Market

The global soil monitoring market is estimated to be valued at USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, recording a CAGR of 14.6%. The demand for soil monitoring products is increasing due to the increasing adoption of sustainable agricultural practices.

• Published: October 2022

Polaris (US), Club Car (US), Toyota Industries Corporation (Japan) and John Deere (US) are leading players in Electric Utility Vehicle Market

The global electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles were mapped as part of this research. Factors such as increased demand for zero-emission vehicles and strong government support have caused leading original equipment manufacturers (OEMs) to invest in R&D for electric utility vehicles. The rising petroleum prices globally will also cater to increased demand for electric utility vehicles in almost every sector. With advances in EV batteries, the efficiency of these batteries is likely to grow. A prompt charging infrastructure set up in many countries will make electric utility vehicle users charge their vehicles easily (or swap them via battery swapping) and travel long distances.
Electric utility vehicle technology has become a high-growth sector in the past decade; technological developments have increased the demand for these vehicles. Key technologies such as the internet of things (IoT), 5G connected vehicles, artificial intelligence (AI), and smart charging systems are under development to make electric utility vehicles more efficient. By leveraging these technologies, the efficiency of electric utility vehicles can be increased manifold. IoT is a computing system network that enables data transfer. Industries adopt this technology to send and receive files via a single network. Likewise, smart warehouses that use automated guided vehicles (AGVs) need real-time connectivity—and 5G meets this demand. 5G is the fifth generation of wireless technology, which can make smart warehouses operate more efficiently. For instance, Toyota Material Handling has been working on four AI development projects since May 2018.

• Published: October 2022

Alfa Laval (Sweden) and Wartsila (Finland) are leading players in Scrubber System Market

The global scrubber system market is projected to grow from USD 5.0 billion in 2022 to USD 6.7 billion by 2027, at a CAGR of 6.1%, from 2022 to 2027. Rising concerns regarding emissions and the formulation of various environmental protection laws and mandates to reduce the same on a global level have increased the need to undertake measures on air pollution control, which is likely to increase the usage of scrubber systems.

• Published: October 2022

Cisco Systems, Inc. (US), IBM Corporation (US) and Deere & Company (US) are leading players in Digital Agriculture Market

The global digital agriculture market is on a trajectory of significant growth, with an estimated value forecasted to reach USD 39.8 billion by 2029 from the 2024 valuation of USD 24.2 billion, exhibiting an optimistic Compound Annual Growth Rate (CAGR) of 10.4%. The digital agriculture industry is experiencing significant growth, driven by several factors such as rising demand for precision farming solutions, increasing awareness of the benefits of digital technologies in agriculture, advancements in sensor technologies, resource scarcity, economic benefits, supportive policies, and the need for sustainable farming practices in the face of evolving environmental challenges. This creates a lucrative market with immense potential for growth and innovation.

Additionally, Governments are recognizing the potential of digital agriculture and offering subsidies, grants, and infrastructure development initiatives to boost adoption. This attracts research institutes, and private investors, accelerating technology development and market penetration.  For instance, Kansas State University (Manhattan, Kansas, US) propelled Digital Agriculture with the launch of the Institute for Digital Agriculture and Advanced Analytics in September 2023. The institute's core mission is to enhance agricultural, environmental, and socioeconomic decision-making by integrating modern analytical methods and digital technologies. This includes the development and incorporation of sensors, automation, and robots to amplify food production and inform sustainable and resilient systems.

• Published: October 2022

Foremost Companies in the Biological Safety Cabinet Market: Thermo Fisher Scientific (US), Kewaunee Scientific (US) and Labconco (US)

The global biological safety cabinet market is projected to reach USD 0.4 billion by 2027 from USD 0.2 billion in 2022, at a CAGR of 8.2% during the forecast period. Growth in the biological safety cabinet market is mainly driven by factors such as the increase in favorable regulations in pharmaceutical and biopharmaceutical companies and increase in number of communicable diseases.

• Published: October 2022

Dedicated Outside Air System Companies - Johnson Controls (Ireland) and Carrier Global (US) are the Key Players

The dedicated outdoor air system (DOAS) market is projected to grow from USD 3.9 billion in 2022 to USD 5.9 billion by 2027, registering a CAGR of 8.8% during the forecast period. Government regulations for HVAC equipment, increasing adoption of DOAS for residential and commercial applications, and increasing focus on indoor air and environmental quality are the key factors expected to boost the growth of the DOAS market over the next five years. However, a lack of consumer awareness and complexity in implementation are expected to be the key factors restraining the growth of market players.

• Published: October 2022

Sateri Group (China) and Lenzing AG (Austria) are Leading Players in the Eco Fibers Market

The Eco Fibers market size is estimated to be USD 52.0 billion in 2022 and is projected to reach USD 78.3 billion by 2027, at a CAGR of 8.5%.

• Published: October 2022

Market Leaders- Top Nickel Cadmium Battery Companies

The global nickel cadmium battery market size is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027 at a CAGR of 2.8% during the forecast period. Nickel cadmium batteries were one of the first rechargeable batteries that were used in portable electronics a few decades back, but now they are primarily used in industrial applications. The nominal voltage of these batteries is about 1.2 V and to obtain higher voltage, they can be packed together as battery packs to get higher voltage ranges such as 3.6 V, 4.8 V, and others for desired applications. These batteries are small and compact, which allows them to be used in various applications ranging from consumer electronics to medical devices. Moreover, they are robust, have long battery life, and can sustain high mechanical and electrical abuse, along with extreme temperatures. Hence, they are often used in crucial applications of railways and aerospace & defense

• Published: October 2022

Synthetic Rubber Companies - ExxonMobil (U.S) and Asahi Kasei Corporation (Japan) are Leading Players in the Synthetic Rubber Market

The global synthetic rubber market size is estimated to be USD 23.0 billion in 2022 and is projected to reach USD 28.9 billion by 2027, at a CAGR of 4.6% between 2022 and 2027. The tire segment is estimated to be the largest application of synthetic rubber during the forecast period, which was driven by the surge in penetration of electric vehicles

• Published: October 2022

Aircraft Actuators Companies - Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US) are the Key Players

Aircraft Actuators are devices that translate energy into motion and are mostly used to move or regulate systems and processes. In an aircraft, actuators are used to control systems such as primary control surfaces, landing gear, wheel brakes, spoilers, and wing flaps. Actuators have become indispensable in aircraft operations owing to their ability to deliver a large amount of power without occupying much space and adding more weight to the aircraft. Modern aircraft actuators are being developed to increase the safety, usefulness, and situational awareness of airplanes. They are operated by an external source of energy, typically electric current, hydraulic fluid pressure, or pneumatic pressure, which is then converted to motion.

• Published: October 2022

Orthofix Medical Inc. (US), ZimVie (US) and Enovis (DJO Finance, LLC) (US) are Leading Players in the Bone Growth Stimulator Market

The global bone growth stimulators market is projected to Bone Growth Stimulator Market market is projected to reach USD 1.8 billion by 2027 from an estimated USD 1.4 billion in 2022, at a CAGR of 5.9%. The bone growth stimulators market driven by increasing targeted patient population, increasing number of sports & orthopedic related injuries, and rising aging population.

• Published: October 2022

Top Companies in PCR Technologies Market - Thermo Fisher Scientific, Inc. (US) and F. Hoffman-La Roche Ltd. (Switzerland) are the Leading Players

The PCR technologies market is projected to reach USD 21.89 Billion by 2030 from USD 14.61 Billion in 2024, growing at a CAGR of 7.0 % during the forecast period. A number of significant reasons are supporting the growth of the PCR technologies market. Demand for this market is enhanced by factors such as increase in  cases of  genetic disorders and infectious & chronic diseases , consistent innovations in PCR methods, government led initiatives  and increase in expenditure on R&D. However, high cost of equipment such as of dPCR and qPCR and the technical complexities of PCR-based devices are the factors that can limit the growth of this market.

• Published: October 2022

Market Leaders: Novozymes (Denmark) and Associated British Foods (UK), are Increasing Their Respective Market Shares Steadily Through New Product Launches and Deals Such as Partnership, Collaboration, and Agreements in Protein Hydrolysis Enzymes Market

The protein hydrolysis enzymes market is projected to reach USD 2.9 billion by 2027 growing at a CAGR of 6.2% from 2022 to 2027. There is an increasing demand for protein hydrolysis enzymes from various industrial applications such as detergents, food industry, and pharmaceuticals as they aid in reducing costs in the industries by using less energy, water, raw materials and generating less waste.

• Published: October 2022

DC-DC Converter Companies - TDK Lambda Corporation (Japan), Texas Instruments Incorporated (US) are the Key Players

The global DC-DC Converter Market size is projected to grow from USD 4.9 Billion in 2022 to USD 6.4 Billion by 2027, at a CAGR of 5.1% from 2022 to 2027. The market is driven by various factors, such as rise in demand industrial robots, growing aerospace industry and rising energy and power industrial sector.

• Published: October 2022

Port Equipment Companies - Kalmar (Finland) and Konecranes Abp (Finland) are the Key Players

MarketsandMarkets: The Port Equipment Market is estimated to be USD 18.2 billion in 2022 and is projected to reach USD 20.0 billion by 2027, at a CAGR of 1.9% from 2022 to 2027. The market is driven by factors such as rise in global focus on building new ports and upgrading the existing ports, wide adoption of smart ports.

• Published: October 2022

Smart Card IC Companies - Infineon Technologies AG (Germany) and NXP Semiconductors N.V. (Netherland) are the Key Players

The global smart card IC market is projected to reach USD 3.9 billion by 2027 from an estimated USD 2.9 billion in 2022, at a CAGR of 6.3% from 2022 to 2027. The growth of the smart card IC market can be attributed to rising usage of SIMs and eSIMs in smartphones and rise in the contactless payments post COVID-19 outbreak.

• Published: October 2022

Cerner Corporation (US), Epic Systems Corporation (US) are Leading Players in the Population Health Management (PHM) Market

The global population health management market is projected to reach USD 53.3 billion by 2027 from USD 27.8 billion in 2022, at a CAGR of 13.9% during the forecast period. Growth in this market is driven by the government mandates and support for healthcare IT solutions, the increasing use of big data analytics, and the need to curtail the escalating healthcare costs. However, data breaches, and lack of skilled analysts are expected to restrain the growth of this market to a certain extent.

• Published: October 2022

Market Leadership - GNSS Simulators Market

MarketsandMarkets forecasts the global GNSS simulators market size is expected to grow from an estimated value of USD 184 million in 2022 to USD 287 million by 2027, at a Compound Annual Growth Rate (CAGR) of 9.3% from 2022 to 2027. Increasing use of wearable devices utilizing location information are driving the market growth.

• Published: October 2022

SS&C Blue Prism (UK), Automation Anywhere (US) and Digital Workforce (Finland) are leading players in Automation COE Market

The automation CoE market size to grow from USD 0.3 billion in 2022 to USD 1.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 36.9% during the forecast period. The automation COE market is expected to grow at a significant rate during the forecast period, owing to the need to automate business process. Some factors driving the growth of the automation COE market are significant improvements in ROIs across businesses, reduced data entry errors, and improved quality with reduced risk.

• Published: October 2022

IBM (US), Huawei (China) are leading players in Network Engineering Services Market

The global Network Engineering Services market size is expected to grow from USD 48.7 billion in 2022 to USD 76.3 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.

• Published: October 2022

3M Company (US) and DJO Global, Inc. (US) are Leading Players in the OTC Braces & Supports Market

The OTC braces and supports market is valued at an estimated USD 942 million in 2022 and is projected to reach USD 1,286 million by 2027, at a CAGR of 6.4% during the forecast period. The growth of the OTC braces and supports market is driven by the increasing prevalence of orthopedic diseases & disorders, continuous product commercialization, greater product affordability, market availability, rising number of sports and accident-related injuries, growing public awareness related to preventive care, increased sales of off-the-shelf and online products, and promotion and branding initiatives undertaken by major product manufacturers.

• Published: October 2022

Oracle (US), Software AG (Germany) and Snowflake (US) are leading players in Data Pipeline Tools Market

The data pipeline tools market is projected to grow from USD 6.9 billion in 2022 to USD 17.6 billion by 2027, at a CAGR of 20.3% during the forecast period. The complexity of combining information from several basic decision-making sources is sometimes seen as a key issue in the building of data-driven systems. Large-scale data handling necessitates comprehensive data-driven import and treatment methodologies in real-time, even though data is the foundation for efficient and accurate analysis. Data pipelines, which are defined as a set of steps that transform raw data into useful data, assist various Service Providers in this by assisting in the compilation and analysis of big data sets.

• Published: October 2022

Schneider Electric (France) and General Electric (US) are leading players In Utility Communication Market

The utility communication market is expected to grow from an estimated in USD 20.2 billion in 2022 to USD 26.1 billion by 2027, at a CAGR of 5.3% during the forecast period. Focus on improving grid reliability, increasing operating efficiency, and reducing outage length are expected to be the primary drivers of the market.

• Published: October 2022

Antimicrobial Coatings Companies: AkzoNobel N.V.(Netherlands), The Sherwin-Williams Company (US), PPG Industries Inc. (US) are Leading Players in the Antimicrobial Coatings Market

The market of antimicrobial coatings is approximated to be USD 4.2 billion in 2022 and it is projected to reach USD 7.0 billion by 2027, at a CAGR of 10.8%.

• Published: October 2022

Market Leaders: Product Launches and Acquisitions to Strengthen the preferred Strategy to Strengthen the Market position in Brewery Equipment Market

According to MarketsandMarkets, the global brewery equipment market size is estimated to be valued at USD 19.2 billion in 2022 and is projected to reach USD 25.6 billion by 2027, recording a CAGR of 5.9% in terms of value. The industry is witnessing a lot of new product launches and acquisitions and mergers between big players.

• Published: October 2022

Amazon Web Services (AWS) and IBM Corporation (IBM) are leading players in Application Hosting Market

The application hosting market is projected to grow from USD 66.9 billion in 2022 to USD 121.7 billion by 2027, at a CAGR of 12.7% during the forecast period, which is fueled by the software-centered competitive advantage approach.

• Published: October 2022

The Procter & Gamble Company (US) and Musim Mas (Singapore) are Leading Players in the Palm Methyl Ester Derivatives Market

The global palm methyl ester derivatives market is projected to grow from USD 1.9 billion in 2022 to USD 2.6 billion by 2027, at a CAGR of 6.3% during the forecast period. Palm methyl ester derivatives are primarily used in personal care & cosmetic products, soaps & detergents, lubricants & additives, solvents, food & beverages and others.

• Published: October 2022

DuPont De Nemours, Inc. (U.S.), BASF SE (Germany) are Leading Players in the Automotive NVH Materials Market

The automotive NVH materials market is projected to reach USD 7.4 billion by 2027, at a CAGR of 3.7% from USD 6.2 billion in 2022. The growing electric vehicle industry draws lucrative opportunities for the automotive NVH materials market. The unwanted noise and vibration caused due to electric motors in EVs offers new developments for automotive NVH solutions.

• Published: October 2022

Market Leader - Aircraft Tires Market

Aircraft Tires refers to the load-bearing rubber structures installed at the nose and mid-section of an aircraft, for the purpose of distribution of load of the aircraft, providing mobility to the aircraft while it is on ground and supporting the operations of taking-off and landing. Aircraft tires are responsible for absorbing the shocks of impact on the ground while landing and provide a smooth transit to the passengers while ensuring maximum safety. The Aircraft Tires Market size is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027, at a CAGR of 2.9% from 2022 to 2027. Aerospace Manufacturers are developing enhanced Aircraft Tires that are fuel-efficient and durable. There is the adoption of sustainable Aircraft Tires systems, which are environment friendly and have reduced carbon emissions while providing an optimal tread life.

• Published: October 2022

Digital Battlefield Companies - Northrop Grumman Corporation (US) and Lockheed Martin Corporation (US) are the Key Players

The global digital battlefield market is estimated at USD 43.2 billion in 2022 and is projected to reach USD 154.1 billion by 2030, at a CAGR of 17.2% from 2022 to 2030. The different geopolitical circumstances in the economies of North America, Europe, Asia Pacific, the Middle East & Africa, Latin America, and Africa are responsible for the fast changing dynamics of the digital battlefield market. The need for digital battlefield goods, services, and solutions is also influenced by the increase in border disputes and terrorism in these areas. In order to improve situational awareness and surveillance during combat scenarios, governments and defense agencies all over the world are implementing digital battlefield products.

• Published: October 2022

Autonomous Ships Companies - Kongsberg Maritime (Norway) and Rolls-Royce plc (U.K) are the Key Players

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

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

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

• Published: September 2022

Food Safety Testing Industry - Upcoming Growth Trends in the Global Market

By 2027, food safety testing market is expected to increase at a compound annual growth rate (CAGR) of 8.1% to reach $31.1 billion globally. In 2022, the food safety testing market size was estimated to be $21.1 billion worldwide.

• Published: September 2022