Research Insight

AGC Inc. (Japan) and The Chemours Company (US) are Leading Players in the ETFE Market

The global Ethylene Tetrafluoroethylene (ETFE) market size is estimated to be USD 334 million in 2021 and is projected to reach USD 451 million by 2026, at a CAGR of 6.2% between 2021 and 2026. The North American region is the largest consumer of ETFE across the globe. The growth of the North America ETFE market can be attributed to the increasing use of ethylene tetrafluoroethylene in various new applications such as films & sheets, wire & cables, tubes, and coatings. Increasing usage of ETFE in solar panels, substitute for glass and other conventional materials, and growing demand in end-use industries are driving the demand for ETFE during the forecast period. However, ETFE is prone to puncture, transmit more sound than glass, and higher cost than other conventional material, which is hampering the market growth.

• Published: January 2022

Evonik Industries (Germany) and SABIC (Saudi Arabia) are the Key Players in the Unidirectional Tapes (UD) Market

The global UD tapes market size is projected to grow from USD 194 million in 2021 to USD 332 million by 2026, at a CAGR of 11.4% during the forecast period. The growing demand for UD tapes from end-use industries, such as aerospace & defense, automotive, and sports & leisure, is driving the UD tapes market. This demand has encouraged many companies to adopt various developmental strategies in the UD tapes industry to increase their presence in the market. The growth strategies, such as new product launch and merger & acquisition, were adopted by the players to increase their foothold and maintain sustained growth in the UD tapes market.

• Published: January 2022

Increasing demand for carbon fiber composites in bicycle frames, rackets, and golf sticks manufacturers to drive the growth of sports composites market globally

The sports composites market size is estimated to be USD 4.1 billion in 2021 and is projected to reach USD 5.1 billion by 2026, at a CAGR of 4.8% during the forecast period. The demand for carbon fibers is very high in carbon frames, golf sticks, and rackets manufacturing due to excellent performance properties such as high-strength, good grip, anti-corrosion properties, and lightweight.

• Published: January 2022

ESRI (US) and SAP (Germany) are Leading Players in the Field Activity Management Market

MarketsandMarkets forecasts the global Field activity management Market size to grow from USD 1.0 billion in 2021 to USD 2.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period. The presence of various key players in the ecosystem has led to competitive and diverse market. Field activity management is the practice of managing field activities, including physical assets, associated workforce, and equipment using software, workflows, and communication solutions. Field activity management solution consolidates and captures the data related to mapping and scheduling, location data, and time and expense tracking under one platform and helps in efficient utilization, visualization, tracking, and management of assets on the field.

• Published: January 2022

Total Station Companies - Hexagon AB (Sweden) and Trimble Inc. (US) are the Key Players

The total station market is estimated to reach USD 2.2 billion by 2027, registering a CAGR of 6.1% from 2022 to 2027. In the construction industry, total stations find applications in site surveying, foundation laying, earthwork mapping, pipe laying, trenching for drainage, and engineering. The increasing globalization and urbanization and rising investments in infrastructure development are fueling the adoption of total stations for the abovementioned applications in the construction industry.

• Published: January 2022

Market Leader – GEA Group AG, Middleby Corporation and JBT Corporation are focusing on developing new products and Expanding their business to Strengthen their marke position

The food processing and handling equipment market is projected to grow from USD 130.6 billion in 2021 to USD 175.1 billion by 2026, recording a compound annual growth rate (CAGR) of 6.0% during the forecast period. The demand for food and beverage processing and handling equipment’s is increasing significantly, due to the increasing consumption of food and beverage products in developing countries such as China, India, South Africa, and Brazil.

• Published: January 2022

Market Leader - Consumer Foam Market

The Consumer foam market is projected to grow from USD 40.2 billion in 2021 to USD 50.9 billion by 2026, at a CAGR of 4.9% from 2021 to 2026. Increased use of consumer foam in automotive applications for crash pads, headrests and armrests, trim, seating, carpet back, sun visors, instrument panels, filters, and headliners, and also in sound insulation, vibration dampening, and energy management and the versatility and unique physical properties of consumer foam are driving factors for growth of consumer foam market.

• Published: January 2022

Foremost Companies in the Regenerative Medicine Market: Novartis AG (Switzerland) and Biogen, Inc. (US)

The regenerative medicine market is projected to reach USD 49.0 Billion by 2028 from USD 16.0 Billion in 2023, at a CAGR of 25.1% during the forecast period. The uphill rise of the regenerative medicine market can be credited to the personalized medicine, emerging applications in new therapeutic areas, increasing collaborations and partnerships by major market players and increasing regulatory approvals in regenerative medicine.

• Published: January 2022

Market Leader - HVAC Filters Market

The global HVAC filters market is estimated to be USD 3.5 billion in 2021 and is projected to reach USD 4.5 billion by 2026, at a CAGR of 5.0% from 2021 to 2026. Thedriving factor for the HVAC filters market is increasing demand for HVAC systems, growing awareness about indoor air quality, and government regulations and policies for efficient filtration. Further, increasing investments in the construction sector and technological advancements in HVAC filters are expected to offer significant growth opportunities to manufacturers.

• Published: January 2022

Market Leadership - Ink Resins Market

The ink resins market is projected to grow from USD 3.3 billion in 2021 to USD 3.8 billion by 2026, at a CAGR of 3.4% between 2021 and 2026. Increasing environmental protection standards for the printing ink industry, growth of packaging and energy curable inks industries, increasing demand for UV-cured inks, and new resin technologies are the key factors contributing to the growth of the ink resins market. However, increasing demand for e-books, stringent environmental regulations against VOC, and price rise of ink resin feedstock hinder market growth. The major opportunities in the ink resins market are in emerging markets such as India, China, Brazil, and Mexico. The printing industry in Asia Pacific, South America, and the Middle East & Africa is expected to have a good growth rate during the forecast period. Simultaneously, increasing environmental protection standards are expected to have a positive demand due to their environmental benefits.

• Published: January 2022

Market Leader - Ozone Generator Market

The global ozone generator market size is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 6.2% during the forecast period 2020 to 2026. Use of ozone as an alternative to chlorine for disinfection is one of the major factor propelling the growth of the ozone generator market

• Published: January 2022

The Key Development Strategies, Namely, New Product Development, Expansion, Partnership/Agreement, and Acquisition, are Adopted by Leading Players for Boosting the Growth of the Composite Resin Market

Composite resin are used in a variety of end-use industries, including construction & infrastructure, transportation, electricals & electronics, pipes & tanks, wind energy, marine, aerospace & defense, and others. Led by strong end-user demand, the composite resin industry is growing at a rapid pace. However, amidst the global COVID-19 pandemic, the demand for composite resin from the above-mentioned industries is expected to show a sharp decline in 2020 from 2019. The global Composite resin market size is projected to grow from USD 20.5 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 6.0%.

• Published: January 2022

Weapon Carriage and Release System Companies - L3Harris Technologies (US), Cobham PLC (UK) are the Key Players

The Weapons Carriage and Release Systems Market is estimated at USD 463 Million in 2021 and is projected to reach USD 571 Million by 2026, at a CAGR of 4.3% from 2021 to 2026. The weapons carriage & release systems market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The rising demand of different types of missiles with various ranges to defend the nation from various threat is driving the market are fueling the growth of the weapons carriage & release systems market. From short-range anti-aircraft and anti-armor missiles to short, medium, and long range air-to-air and air-to-ground weapons, ballistic and cruise missiles, they are now a vital part of the countrys most capable armed forces. The rising adoption of these systems is largely a function of their perceived military effectiveness.

• Published: January 2022

Siemens Energy (Germany) and Mitsubishi Heavy Industries, Ltd. (Japan) are the Gas Turbine Market

The gas turbine market was valued at USD 18.9 Billion in 2021 and is projected to reach USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period. Gas turbines are majorly used for power generation. However, they are also used for mechanical drive purposes and in jet engines. Asia Pacific accounted for the largest share of the global gas turbine market in 2020 due to infrastructural expansions, ongoing power generation projects, and technological innovations in countries such as China and India.

• Published: January 2022

Hydrogen Fluoride Gas Detection Companies - Honeywell International Inc. (US) and Teledyne Technologies Incorporated (US), are the Key Players

The global hydrogen fluoride gas detection market is projected to reach USD 704 million by 2026 from an estimated USD 543 million in 2021, at a CAGR of 5.3% from 2021 to 2026. Major factors driving the growth of the market include increasing accidents due to hydrogen fluoride gas leakage in oil & gas refineries and chemical plants are driving demand for hydrogen fluoride gas detection devices and stringent regulation for human and environmental safety.

• Published: January 2022

Satellite Antenna Companies - L3HARRIS TECHNOLOGIES and HONEYWELL INTERNATIONAL INC. are the Key Players

The satellite antenna market is projected to grow from USD 4.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 20.6%. Satellite antenna equipment is an integral part of the communication in commercial and defense industry. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communication applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized satellite antennas.

• Published: January 2022

Coloplast Corp (Denmark) and ConvaTec Inc. (England) are Leading Players in the Stoma/Ostomy Care Market

The global stoma/ostomy care market is expected to reach USD 3.2 billion by 2026 from an estimated USD 2.6 billion in 2021, at a CAGR of 4.3% from 2021 to 2026.

• Published: January 2022

AQSACOM and BAE SYSTEMS are leading players in Lawful Interception Market

The lawful interception market is projected to grow from USD 8.20 billion in 2026 to USD 20.58 billion by 2031, at a CAGR of 20.2% over the forecast period. Demand for lawful interception solutions is increasing as the need for real-time monitoring of communication networks to support law enforcement, national security, and intelligence operations rises. As digital communication channels continue to expand, including VoIP, messaging apps, 5G networks, and encrypted platforms, governments and regulatory authorities are strengthening mandates for telecom operators and service providers to enable lawful interception capabilities.

• Published: January 2022

Aircraft Wire and Cable Companies - Amphenol Corporation (US), Carlisle Interconnect Technologies (US) are the Key Players

The global market for Aircraft Wire and Cable is estimated to be USD 1.5 Billion in 2021 and is projected to reach USD 1.9 Billion by 2026, at a CAGR of 5.7% during the forecast period. The growth of this market is mainly driven by the digitalization and electrification of aircraft systems, increase in aircraft renewals and aircraft deliveries and growing technological developments.

• Published: January 2022

3M company (US) and Medtronic PLC (US) are Leading Players in the Medical Adhesive Tapes Market

The global medical adhesive tapes market is estimated at USD 8.6 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The drivers of market growth are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers.

• Published: January 2022

Embedded Antenna Systems Companies - Molex (US) and Yageo Corporation (Taiwan) are the Key Players

The global embedded antenna systems market was valued at USD 3.2 billion in 2020 and is expected to reach USD 8.4 billion by 2027; it is anticipated to register a CAGR of 14.9% during the forecast period from 2021 to 2027. The key factors driving the growth of the embedded antenna systems market include increasing adoption of embedded antenna in Internet of Things devices, increasing demand for low-power wide area (LPWA) networks in IoT applications, and others.

• Published: January 2022

Foremost Companies in the Teleradiology Market: Phillips Healthcare (Netherlands),GE Healthcare (US) and Medica Group Plc. (UK)

The teleradiology market is expected to reach USD 14.8 billion by 2026 from USD 7.3 billion in 2021, at a CAGR of 15.3% during the forecast period of 2021 to 2026. Due to the outbreak of coronavirus globally, there is a sudden rise in the demand for teleradiology services. The growth of this market is mainly attributed to the rising geriatric population and the subsequent increase in the prevalence of associated diseases; the increasing number of advanced imaging procedures and a shortage of skilled radiologists; advancements in teleradiology the increasing adoption of cloud-based solutions. However, declining reimbursements and the increasing regulatory burden in the US are factors expected to restrain the market growth. Moreover, the increasing adoption of artificial intelligence and blockchain technology in teleradiology is expected to provide lucrative opportunities for the growth of the teleradiology market in the coming years.

• Published: January 2022

Market Leaders - Beverage Processing Equipment Market

The beverage processing equipment market is projected to grow from USD 20.4 billion in 2021 to USD 26.4 billion by 2026, recording a compound annual growth rate (CAGR) of 5.3% during the forecast period. The demand for beverage processing equipment is increasing significantly, due to the increasing consumption of beverage products in developing countries such as China, India, South Africa, and Brazil.

• Published: January 2022

Corrugated Boxes Companies - Rengo Co., Ltd. (Japan) and Mondi Group (UK) are the Key Players in the Corrugated Boxes Market

The global corrugated boxes market size is estimated at USD 67.6 billion in 2021 and is projected to reach USD 80.8 billion by 2026, at a CAGR of 3.6%, between 2021 and 2026. Corrugated boxes are often used as shipping containers. They are sturdy, handy, and lightweight, owing to which they are used in a wide range of applications. The corrugated boxes market is witnessing demand owing to the rise in the online retail industry. The growing food & beverages, electronic, textile, home & personal care, glassware & ceramics, chemicals, and paper & paper products industries have contributed significantly towards the growth of the corrugated boxes market.

• Published: January 2022

Apple(US) and AutoNavi(China) are leading players in Mobile Mapping Market

The global mobile mapping market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period, to reach USD 66.7 Billion in 2026. Key factors that are expected to drive the growth of the market are the growing investments in smart city projects, adoption of advanced technology for surveying and mapping and increase in use of geospatial data.

• Published: January 2022

Optic Adhesives Companies - Henkel AG & Co. KGAA and Dymax Corporation are Leading Players in the Optic Adhesives Market

The Optic adhesives market is projected to grow from USD 342 million in 2022 to USD 526 million by 2027, at a CAGR of 9.0% between 2022 and 2027. Asia Pacific is estimated to be the largest consumer of optic adhesives. The global optic adhesives major players have made several research developments across value chain to focus on changing customer preferences.

• Published: January 2022

Market Leaders - Bakery Processing Equipment Market

The bakery processing equipment market is estimated to account for nearly USD 11.6 billion in 2021 and is projected to reach a value of nearly USD 14.8 billion by 2026, growing at a CAGR of 5.1% from 2021. The demand for bakery processing equipment’s is increasing significantly, due to the increasing consumption of bakery products in developing countries such as China, India, South Africa and Brazil.

• Published: January 2022

Infab Corporation (US), Bar-Ray Products (US) and AliMed, Inc. (US) are Leading Players in the North American Radiation Protection Apron Market

The North American radiation protection aprons market is projected to reach USD 48 million by 2026 from USD 35 million in 2021, at a CAGR of 6.9% during the forecast period. The growth of the North American radiation protection aprons market is being driven by factors such as increasing number of trained radiologic technologists, increasing safety awareness, the growing number of orthopedic and spine surgeries, and growth in the number of PET/CT scans. Lead aprons are deemed no longer necessary for adult patients in dental X-ray procedures in the US is expected to restrain North American radiation protection market growth. Increasing usage of nuclear medicine & radiation therapy coupled with the rising incidence of cancer, and recommendations for cancer screening are expected to offer strong growth opportunities for players in the market. In contrast, discomfort and pain due to the weight of lead aprons, and high and growing cost of lead may challenge market growth to a certain extent. The North American radiation protection aprons market is segmented based on type, material, and country.

• Published: December 2021

Schlumberger (US) and Halliburton (US) are the Leading Players in the Well Testing Services Market

The global well testing services market is projected to reach USD 8.8 billion by 2026 from an estimated market size of USD 6.4 billion in 2021, at a CAGR of 6.4% during the forecast period. The factors driving the growth for well testing services are the rising global oil demand and the exploration and adoption off unconventional oil & gas resources.

• Published: December 2021

Deutsche Post DHL (Germany) and E.I Du Pont De Nemours and Co. (US) are the Leading Players in the Insulated Packaging Market

The global insulated packaging market size is estimated to grow from USD 11.4 billion in 2020 to USD 15.8 billion by 2025, at a CAGR of 6.7% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries of insulated packaging ranging from automotive to pharmaceutical industry. Increasing demand from APAC will further drive the growth of the global insulated packaging market.

• Published: December 2021

Market Leaders - Medium-Chain Triglycerides Market

The global Medium-chain triglycerides market size is estimated to be valued at USD 763 million in 2021. It is projected to reach USD 1,034  million by 2026, recording a CAGR of 6.3%during the forecast period. The market for medium-chain triglycerides is driven by the rising demand for nutritional food and the increasing health consciousness among consumers. The preference for natural food additives over synthetic ones to eliminate health concerns also drives the demand for medium-chain triglycerides, as these are generally extracted from natural sources such as milk fats, coconut, and palm kernel oil.

• Published: December 2021

Amcor Limited (Australia) and Mondi Group (UK) are the Major Players in the Flexible Paper Packaging Market

The global flexible paper packaging market size is projected to grow from USD 64.4 billion in 2021 to USD 79.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast year. According to the Flexible Packaging Association, flexible packaging is any package or any part of a package whose shape can be readily changed. Flexible paper packaging is lighter in weight, cost-efficient, and uses less material as compared to other forms of packaging.

• Published: December 2021

Market Leaders - Probiotics Food & Cosmetics Market

The global probiotics food & cosmetics market is estimated to be valued at USD 56.6 billion in 2021. It is projected to reach USD  84.5 billion by 2026, recording a CAGR of 8.3% during the forecast period. The increasing demand from developed countries for probiotics-based dietary supplements benefiting human digestion and intestinal health, particularly in the aging population, has been a major driver for the global probiotics food & cosmetics market.

• Published: December 2021

AGRU (Austria) and GF Piping Systems (Switzerland) are Leadoing Players in the Polyolefin Pipes Market

The global polyolefin pipes market size is projected to reach USD 24.1 billion by 2026 at a CAGR of 5.3% from USD 18.6 billion in 2021. Sprinkler and drip irrigation provide good growth potential, hot water bathroom application where PO pipes are replacing PVC pipes, increasing usage of engineered PO in manufacturing pipes, improved characteristics of plastomers over conventional plastics and elastomers, increasing adoption of bio-based polymer such as PLA and BioPE, and growing emphasis by local government on rainwater harvesting are driving the polyolefin pipes market.

• Published: December 2021

Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US) and Andritz AG (Austria) are Leading Players in the Flue Gas Desulfurization System Market

The FGD systems market is projected to grow from USD 19.3 billion in 2021 to USD 24.9 billion by 2025, at a CAGR of 5.2% from 2021 to 2026. The Asia Pacific region dominated the FGD system market in 2020. The major drivers for the growth of the market in this region is the growth of the coal-fired power generation and cement manufacturing industries, among others. The market in this region is growing considerably and India is likely to be a major hotspot over the next five years.

• Published: December 2021

Informatica (US) and Boomi Inc. (US) are leading players in Integration Platform as a Service Market

The Integration Platform as a service Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 30.3% during the forecast period, to reach USD 13.9 billion by 2026 from USD 3.7 billion in 2021. Growing adoption of hybrid and multi-cloud infrastructure, exponentially increasing cloud real-time monitoring, and the need for business agility, faster deployment, and scalability are the drivers of the market growth.

• Published: December 2021

GlaxoSmithKline plc. (UK), Johnson & Johnson Services, Inc, and Astellas Pharma Inc. (Japan) are leading players in Prostate Health Market

The global prostate health market is projected to reach USD 48.9 billion by 2026 from USD 31.8 billion in 2021, at a CAGR of 9.0% during the forecast period. The prostate gland (the prostate) is an organ of the male reproductive system. The three most common forms of prostate disease are inflammation (prostatitis), non-cancerous enlargement of the prostate (benign prostatic hyperplasia or BPH), and prostate cancer. Benign prostatic hyperplasia (BPH) is defined as a medical condition affecting men. It involves the non-cancerous enlargement of the prostate gland. While BPH rarely shows symptoms before the age of 40, the risk of contracting BPH increases with age. The condition affects nearly 50% of men between the ages of 51 and 60 and up to 90% of men older than 80. Treatment measures such as medications and surgery have been used for patients with BPH.

• Published: December 2021

Market Leader - Binders and Scaffolders for Meat & Meat Substitutes Market

The global meat binders market is estimated to be valued at USD 3.7 billion in 2021. It is projected to reach USD 4.2 billion by 2026, recording a CAGR of 2.6% during the forecast period. The increasing demand for meat products like beef, pork, and poultry has been a major driver for the global meat binders market.

• Published: December 2021

Qorvo, Inc. (US) and Thales Group (France) are Leading Players in the Microwave Devices Market

Microwave devices operate in frequency ranges between 1GHz and 300 GHz. The benefits featured by these devices include low operational cost, low latency, noise cancellation, and efficient data transmission. The microwave devices allow data transmission from sender to receiver within a fraction of a second, with less data loss. They are used for critical and high-speed data operations in the healthcare, space, telecommunications, industrial, and military & defense verticals.

• Published: December 2021

Google (US) and Microsoft (US) are leading players in Speech-to-text API Market

The global Speech-to-text API market size to grow from USD 2.2 billion in 2021 to USD 5.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period. Speech-to-text APIs enable users to convert speech or audio content into textual formats. Such solutions are helpful in transcribing audio or video content into searchable formats, which help in marketing, customer care, and fraud detection and prevention applications. Call centers, nowadays, are flooded with large volumes of customer data accumulated through hours of interactions each day. Speech-to-text APIs have emerged as crucial tools to transcribe such data into textual formats and apply various analytics to extract meaningful insights and drive business performance. The software solutions are integrated with Artificial Intelligence (AI) and ML technologies to deliver real-time and accurate results to the customers.

• Published: December 2021

Micro-LED Companies - Apple (US) and Sony (Japan) are the Key Players

The micro-LED market is estimated to be valued at USD 592 million in 2021 and reach USD 21,169 million by 2027, at a CAGR of 81.5%. The expected penetration of  micro-LED displays in NTE devices and premium smartphones are the key factors that will accelerate the growth of the micro-LED market during the forecast period. Likewise, growing demand for wearable displays for smartwatches and head mounted displays (HMDs) are expected to create lucrative opportunities for the players in the micro-LED market. However, absence of patents and proper supply chain are expected to restraint market growth.

• Published: December 2021

Industrial Wastewater Treatment Chemicals Companies - Ecolab Inc. (US) and Suez SA (France) are Leading Players in the Industrial Wastewater Treatment Chemicals Market

The global Industrial wastewater treatment chemicals market size is estimated to be USD 12.8 billion in 2021 and is projected to reach USD 16.6 billion by 2026, at a CAGR of 5.3% between 2021 and 2026.  The stringent environmental regulations pertaining to emission and treatment of industrial waste and depleting freshwater resources are driving the demand for industrial wastewater treatment chemicals during the forecast period. However, the shifting demand of end-use industries toward the advanced and environment-friendly water treatment technologies is hampering the market growth. On the other hand, growing industrialization resulting from population explosion is expected to leverage new growth opportunities for industrial wastewater treatment chemical manufacturers.

• Published: December 2021

Sonova Holdings AG (Switzerland), Olympus Corp. (Japan), William Demant Holdings A/S (Denmark), Cochlear Limited (Australia), and Stryker Corporation (US) are the Leading Players in the Ear Health Market

The global ear health market is projected to reach USD 1.9 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 6.3% during the forecast period. Growth in this market is largely driven by the growing geriatric population, high prevalence of ear diseases, rising incidence of noise-induced hearing loss, and shift in consumer preference towards plant-based supplements. Moreover, untapped emerging markets in developing countries are creating lucrative opportunities for the market players. The ear health market is segmented into ear health devices, tinnitus & ear impairment care supplements, and ear infection treatment medications.

• Published: December 2021

Industrial Automation Companies - ABB (Switzerland) and Emerson Electric Co. (US) are the Key Players

The industrial automation market in the Europe, Middle East and Africa was valued at USD 35.3 billion in 2020 and is projected to reach USD 51.4 billion by 2026; it is expected to register a CAGR of 7.1% from 2021 to 2026. The growth of the market is attributed to the growing demand for real-time data analysis across geographies and increasing adoption of latest technology across the end-use industries to improve performance. The major driving factor for the industrial automation market is the increasing demand for real-time data analysis and proactive maintenance, which would enable manufacturers to obtain better visibility of the manufacturing plant and, therefore, enhance efficiency. Also, increase in emphasis on predictive maintenance and asset management solutions, which would provide better visibility to users regarding condition of equipment, is fueling their demand.

• Published: December 2021

Sonar Systems Companies - Thales Group (France), ATLAS ELEKTRONIK GmbH (Germany) are the Key Players

MarketsandMarkets: The Sonar System Market is estimated to be USD 5.9 Billion in 2021 and is projected to reach USD 6.5 Billion by 2026, at a CAGR of 1.8% from 2021 to 2026. The market is driven by factors such as deployment of new & advanced sonar systems like 3D sonar, sonobuoys, dipping sonar, towed array sonar, etc.

• Published: December 2021

Becton, Dickinson and Company (US) and Quidel Corporation (US) are Leading Players in the Virology Specimen Collection Market

The global virology specimen collection market is projected to reach USD 5.4 billion by 2026 from USD 5.6 billion in 2021, at a CAGR of -0.6% during the forecast period. Growth in this market is mainly driven by the increasing prevalence of human papillomavirus (HPV) and cervical cancer, the growing number of blood donations, and the rising prevalence of viral diseases.

• Published: December 2021

Hexcel Corporation (U.S), Sumitomo Bakelite Company Limited (Japan) and SI Group Inc. (U.S) are the Key Players in the Phenolic Resin Market

The market size of phenolic resin is estimated at USD 11.7 Billion in 2021 and is projected to reach USD 14.4 Billion by 2026, at a CAGR of 4.3% between 2021 and 2026.

• Published: December 2021

Silicon Photomultiplier Companies - ON Semiconductor (US) and Broadcom (US) are the Key Players

The silicon photomultiplier market is expected to grow from USD 120 million in 2021 to USD 173 million by 2026, at a CAGR of 7.6%. The factors such as increasing demand for silicon photomultipliers in medical imaging and growing use of SiPMs in LiDAR and 3D mapping technology—are driving the silicon photomultiplier market.

• Published: December 2021

Traffic Sensor Companies - EFKON (Austria), Siemens (US), are the Key Players

The Traffic Sensor Market is estimated to be valued at USD 566 million in 2021 and reach USD 809 million by 2026, at a CAGR of 7.4%.

The growing need for real-time information system, and government initiative to upgrade transport infrastructure are the key factors driving the growth of the market. Likewise, Growth in cycling infrastructure leading to higher adoption of bicycle counting sensors in traffic sensor market are expected to create lucrative opportunities for the players in the traffic sensor market. However, high cost and fulfilment of fundamental requirements for the installation of nonintrusive sensors are expected to restraint market growth.

• Published: December 2021

SATCOM on the Move Companies - Thales Group (France) and L3Harris Technologies (US)) are the Key Players

The SATCOM on the move market is projected to grow from USD 17.7 Billion in 2021 to USD 42.8 Billion by 2026, at a CAGR of 19.3%. SATCOM equipment is an integral part of the communication in commercial and defense industry. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communications applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized SATCOM-on-the-move antennas.

• Published: December 2021