Research Insight

AI Impact Analysis on Hypersonic Weapons Industry

• Published: July 2025

Top Companies in Physical Security Market - Johnson Controls (Ireland), Bosch Building Technologies (Germany), Honeywell (US), ADT (US) and Cisco (US)

The global physical security market is projected to grow from USD 120.79 billion in 2025 to USD 151.50 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period.

• Published: July 2025

Edge AI Hardware Companies - Qualcomm Technologies, Inc. (US) and Huawei Technologies Co., Ltd. (China) are the Key Players

The edge AI hardware market is projected to reach USD 58.90 billion by 2030 from USD 26.14 billion in 2025, at a compound annual growth rate (CAGR) of 17.6%. Two major factors driving the development of edge AI hardware are the need for improved data privacy and security and the demand for real-time data processing. Edge AI allows sensitive data to be processed securely on-site rather than uploaded to the cloud, which can be less secure. Additionally, real-time processing reduces latency, enabling immediate decision-making in mission-critical applications.

• Published: July 2025

Top Companies in Switchgear Market - ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland) and Hitachi, Ltd. (Japan)

The switchgear market is estimated to be valued at USD 103.71 billion in 2025 and is projected to reach USD 136.65 billion by 2030, growing at a CAGR of 5.7% during the forecast period of 2025–2030. The global switchgear market is expected to grow significantly due to rising investments in power infrastructure, increasing integration of renewable energy, rapid urbanization, and the ongoing modernization of aging electrical grids.

• Published: July 2025

Toray Industries, Inc. (Japan) and Mitsubishi Chemical Corporation (Japan) are Leading Players in the CF & CFRP Market

The CFRP market is projected to grow from USD 22.48 billion in 2025 to USD 35.55 billion by 2030, at a CAGR of 9.6% during the forecast period.

• Published: July 2025

Top Companies in Electro Hydraulics Market - Bosch Rexroth (Germany), Danfoss (Denmark), Parker Hannifin (US), AB Volvo (Sweden) and Nott Company (US)

The electro hydraulics market for off-highway equipment is projected to grow from 92,501 units in 2025 to 234,487 units by 2032 at a CAGR of 14.2%. The major drivers of the market are the need for improved efficiency and precision and the shortage of skilled labor. The rising demand for fuel-efficient, controlled, and precise hydraulic systems is expected to drive market growth in the coming years.

• Published: July 2025

Exploring the Future of the Wearable AI Industry Innovations, Trends, and Opportunities

The wearable AI industry is on the cusp of a transformative era, reshaping how we interact with technology, monitor our health, and navigate daily life. As artificial intelligence continues to evolve, its integration into wearable devices like smartwatches, fitness trackers, smart glasses, and even clothing is unlocking unprecedented possibilities. From personalized health monitoring to seamless augmented reality experiences, the future of wearable AI industry holds immense potential to redefine human-technology interactions. This article delves into the trends, innovations, challenges, and opportunities that will shape this dynamic sector, offering a comprehensive look at what lies ahead.

• Published: July 2025

What Are the Key Technologies Driving the Industrial IoT Market

The Industrial Internet of Things (IIoT) is revolutionizing industries by enabling smarter, more efficient, and data-driven operations. What are the key technologies driving the Industrial IoT market? This question is at the heart of understanding how industries like manufacturing, logistics, energy, and healthcare are transforming through interconnected devices and advanced analytics. From artificial intelligence to 5G connectivity, a suite of cutting-edge technologies is propelling the IIoT market forward, unlocking new levels of productivity, sustainability, and innovation. This article provides an in-depth look at these technologies, their applications, challenges, and the opportunities they present for the future of industrial operations.

• Published: July 2025

4D Imaging Radar Companies - Texas Instruments Incorporated (US) and NXP Semiconductors (Netherlands) are the Key Players

The global 4D imaging radar market is estimated to be valued at USD 392.8 million in 2025 and is projected to reach USD 1,206.9 million by 2030 and grow at a CAGR of 25.2% from 2025 to 2030. The demand for 4D imaging radar is surging as it enhances autonomous vehicle safety by enabling real-time object detection, even in poor visibility. Its integration with LiDAR and cameras supports advanced perception. For instance, Tesla's Full Self-Driving (FSD) system uses 4D radar for improved sensor fusion. Regulatory support and the potential to reduce accident rates further drive the market growth.

• Published: July 2025

Market Leader - Water-based Barrier Coatings Market

In terms of value, the water-based barrier coatings market is estimated to grow from USD 1.28 billion in 2024 to USD 1.85 billion by 2030, at a CAGR of 6.3% between 2025 and 2030. Water-based barrier coatings are increasingly vital in the packaging industry because they meet the demands for efficiency, safety, sustainability, and cost-effectiveness. These coatings are widely used in applications such as food and beverage packaging, personal care products—cosmetics and pharmaceuticals—and various industrial uses. Their primary function is to prevent moisture, oils, and gases from permeating the packaging while ensuring recyclability and compostability. The incorporation of these coatings aligns with global regulatory requirements and evolving consumer expectations for eco-friendly packaging solutions. As the industry shifts towards circular economy models and phases out solvent-based and fluorochemical coatings, the significance of water-based technologies continues to rise. The growing demand for sustainable packaging options and advancements in water-based formulations underscores these coatings’ crucial role in enhancing environmental protection and sustainability in the packaging sector.

• Published: July 2025

Top Companies in Telecom Cloud Market - AWS (US), Microsoft (US), Google (US), IBM (US) and Broadcom (US)

The telecom cloud market is projected to grow from USD 22,261.8 million in 2025 to USD 56,005.8 million by 2030 at a CAGR of 20.3 % during the forecast period. Growing 5G adoption, increased demand for network virtualization, rising use of edge computing, and the need for scalable, cost-efficient infrastructure are set to propel the demand for telecom cloud solutions. Strategic partnerships with hyperscalers and the shift toward cloud-native architectures also drive transformation across global telecom networks.

• Published: July 2025

Embodied AI Companies - SoftBank Robotics Group (Japan) and ABB (Switzerland) are the Key Players

The global embodied AI market is projected to grow from USD 4.44 billion in 2025 to USD 23.06 billion by 2030, at a CAGR of 39.0%.

• Published: July 2025

Top Companies in Product Engineering Services Market - IBM (US), Accenture (Ireland), Capgemini (France), Cognizant (US) and HCL Tech (India)

The product engineering services market is projected to grow from USD 1,297.71 billion in 2025 to USD 1,800.45 billion by 2030, at a CAGR of 6.8% from 2025 to 2030. The automotive sector, driven by electric and connected vehicle advancements, is creating a strong demand for external engineering support in embedded systems, hardware integration, and component development. Companies are under pressure to shorten product time-to-market, leading to the adoption of agile models, faster prototyping, and efficient engineering services for quick rollouts.

• Published: July 2025

3M (US) and Olin Corporation (US) are Leading Players in the Epoxy Resin Market

The epoxy resin market is projected to grow from USD 14.77 billion in 2025 to USD 20.31 billion by 2030, at a CAGR of 6.6% during the forecast period.

• Published: July 2025

Top Companies in Smart Gas Meter Market - Apator S.A. (Poland) and Diehl Stiftung & Co. KG (Germany).

The global smart gas meter market is projected to reach USD  4.04 billion by 2030, up from USD  2.49 billion in 2024, registering a CAGR of 8.5% over the forecast period. The key drivers for the smart gas meter market include the digitalization of distribution grids and optimization of network operations, asset management of advanced metering infrastructure (AMI), and increasing investment in smart grid technologies to measure and analyze data. Key global and regional players have created a strong, smart gas meter footprint by developing diverse product portfolios derived from strategic product development and innovation.

• Published: July 2025

Top Companies in Marketing Automation Market - HubSpot (US), Adobe (US), Oracle (US), SAP (Germany), and Salesforce (US)

The marketing automation market is projected to witness a CAGR of 11.5% from 2025 to 2030, reaching USD 81.01 billion by 2030 from an estimated USD 47.02 billion in 2025. AI-powered marketing automation transforms customer engagement by enabling businesses to deliver highly personalized and timely messages. As consumer expectations evolve, the need for customized marketing becomes essential to reach and resonate with target audiences effectively. By analyzing customer behavior and preferences, AI helps marketers create relevant content, optimize campaign timing, and automate responses across channels, eventually driving higher conversion rates, improving customer satisfaction, and maximizing return on investment.

• Published: July 2025

Market Leader - Pipe Insulation Market

The pipe insulation market is estimated to grow from USD 5,265.4 million in 2024 to USD 7,195.9 million by 2030, at a CAGR of 5.4% between 2025 and 2030. Pipe insulation is crucial for energy efficiency, safety, and system longevity in various industries. It minimizes heat loss or gain, reducing energy consumption in heating and cooling systems, which is vital for meeting regulations like the EU’s Green Deal or California’s Title 24. It also prevents condensation, reducing corrosion risks, and ensures safety by controlling surface temperatures in high-heat environments. Additionally, insulation mitigates noise in plumbing systems and protects pipes from freezing in cold climates.

• Published: July 2025

Smart Irrigation Companies - The Toro Company (US) and Rain Bird Corporation (US) are the Key Players

The smart irrigation market is projected to reach USD 2.65 billion by 2030 from USD 1.59 billion in 2025, growing at a CAGR of 10.8% during the forecast period. This growth is driven by the increasing need for water conservation, rising adoption of precision agriculture, growing use of IoT-based irrigation systems, and supportive government initiatives promoting sustainable farming. The integration of advanced technologies such as soil moisture sensors, weather-based controllers, and cloud-based platforms is further enhancing system efficiency, enabling real-time monitoring and automated irrigation. As water scarcity grows globally, the demand for smart and efficient irrigation solutions continues to rise across agricultural, commercial, and residential sectors.

• Published: July 2025

Europe High-torque Synchronous Motor Companies - ABB (Switzerland) and Nidec Corporation (France) are the Key Players

The Europe high-torque synchronous motor market for marine is expected to reach USD 1,165.5 million by 2030, from USD 790.9 million in 2025, at a CAGR of 8.1%. This growth is driven by regulatory pressures for decarbonization, innovations in electric propulsion technologies, and substantial investments in electrification programs. As the electrification of ships and industrial automation progresses, the need for high-torque motors becomes more pronounced. This demand is further fueled by advancements in hybrid-electric shipbuilding, low-emission marine technologies, and EU efficiency regulations, such as Ecodesign. Additionally, opportunities in Europe’s high-torque synchronous motor market for marine are bolstered by fleet upgrades, retrofitting aging marine and industrial systems, and increased demand for motors capable of operating in harsh and heavy-duty conditions. The ongoing transition to integrating renewable power in port and offshore systems also enhances the demand for high-torque synchronous motor solutions in the region.

• Published: July 2025

Why is Japan and the US leading the charge in robotic vision technology?

In the fast-evolving world of automation and artificial intelligence, robotic vision stands as one of the most transformative innovations reshaping industries from manufacturing and logistics to healthcare and defense. At the forefront of this revolution are Japan and the United States, two technological powerhouses that are not only pioneering robotic vision R&D but also commercializing scalable, intelligent solutions worldwide.

But what makes these two countries global leaders in this niche and competitive domain? Let’s unpack the factors behind their dominance.

• Published: July 2025

Top Companies in North America Power Factor Correction Market - Eaton Corporation plc (Ireland), GE Vernova (US), Schneider Electric (France), ABB (Switzerland) and Gentec (Canada)

The North America power factor correction (PFC) market is projected to reach USD 999.1 million by 2030 from an estimated USD 734.2 million in 2025, at a CAGR of 6.2% during the forecast period (2025–2030). The PFC market is flourishing in the North American region due to rising demand for electricity, stringent energy regulations, and the need to reduce operational costs in industries such as manufacturing, oil & gas, and HVAC. Automatic PFC systems, particularly those using capacitors and intelligent controllers, are gaining traction for their ability to dynamically manage reactive power and minimize energy losses. The integration of smart grid technologies and digital solutions is enhancing the adoption of advanced PFC systems, ensuring reliable and efficient power distribution across North America. The US leads the region with the fastest growth, supported by rapid industrialization, infrastructure upgrades, and government initiatives promoting sustainable energy practices.

• Published: June 2025

AI Data Center Companies - Dell Inc. (US) and Hewlett Packard Enterprise Development LP (US), are the Key Players

The global AI data center market is projected to grow from USD 236.44 billion in 2025 to USD 933.76 billion by 2030, at a CAGR of 31.6%. The AI data center market is poised for substantial growth, driven by the accelerating adoption of artificial intelligence across industries and the growing demand for high-performance computing infrastructure. Organizations are increasingly deploying AI workloads for applications such as predictive analytics, natural language processing, computer vision, and generative AI, all of which require advanced data center capabilities. The convergence of AI-specific hardware—like GPUs and TPUs—with intelligent software systems is enabling real-time data processing, large-scale model training, and efficient workload management. Enterprises and hyperscalers alike are enhancing their agility by leveraging AI-optimized data centers to reduce latency, scale operations, and improve decision-making. The evolution of smart infrastructure, cloud-based services, and edge AI is further fueling demand for flexible, scalable, and energy-efficient data center solutions. Strategic investments in sustainable technologies and AI-as-a-service offerings are opening new growth avenues. Industry leaders such as Dell Inc. (US), Hewlett Packard Enterprise Development LP (US), and Lenovo (US) are at the forefront of innovation, delivering infrastructure tailored for advanced AI workloads. As AI continues to transform business models and operational frameworks, the AI data center market is expected to witness rapid and sustained expansion in the coming years.

• Published: June 2025

Top Companies in Cloud Computing Market - Google (US), Salesforce (US), Microsoft (US), AWS (US), and Oracle (US)

The cloud computing market is expanding rapidly, with a projected market size anticipated to rise from about USD 1,294.9 billion in 2025 to USD 2,281.1 billion by 2030, at a CAGR of 12.0%. Cloud computing delivers computing services, such as storage, servers, databases, networking, software, and analytics, over the internet. Instead of investing in and maintaining physical infrastructure, businesses can access these resources on demand, paying only for what they use. Cloud computing offers greater flexibility, scalability, and cost-efficiency, making it ideal for organizations of all sizes. Cloud computing enables faster innovation, seamless collaboration, and remote access to systems and data, supporting everything from app development and data processing to artificial intelligence and machine learning. It also enhances business continuity with built-in security, backup, and disaster recovery options. With cloud infrastructure available across the globe, users can access services anytime, from anywhere. This technology has become the backbone of digital transformation, empowering businesses to adapt quickly to changing needs, optimize operations, and deliver better customer experiences. In today's fast-paced world, cloud computing is essential for staying agile, efficient, and competitive.

• Published: June 2025

Top Companies in Geospatial Imagery Analytics Market - Google (US), Esri (US), Hexagon AB (Sweden), TomTom (Netherlands) and Trimble (US)

The geospatial imagery analytics market is projected to register a compound annual growth rate (CAGR) of 8.9% during the forecast period, rising from an estimated USD 12.12 billion in 2025 to USD 18.55 billion by 2030. Organizations are utilizing satellite and drone imagery to enhance decision-making, monitor assets, and improve operational efficiency. Technological advancements in AI and machine learning are facilitating faster, more accurate analysis of geospatial data. The availability of high-resolution satellite imagery and the reduced costs of data collection through drones have made these solutions more accessible. Furthermore, the increasing demand for real-time insights in disaster response, infrastructure development, and climate monitoring is driving the market. Government investments in smart cities and environmental sustainability also promote broader adoption. These combined factors are advancing the geospatial imagery analytics market, establishing it as an essential tool in strategic planning and operations across various industries.

• Published: June 2025

Top Companies in Supply Chain Management Market - SAP (Germany), Oracle (US), Infor (US) Descartes (Canada), Manhattan Associates (US)

The global supply chain management (SCM) market size is projected to grow from USD 38.51 billion in 2025 to USD 58.42 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The growing reliance on digital platforms, cloud systems, and IoT devices in supply chains has increased exposure to cyber threats, making cybersecurity a critical priority. Companies now invest in secure SCM solutions that protect sensitive data, ensure compliance, and maintain business continuity. This rising focus on securing digital infrastructure drives demand for advanced, cyber-resilient SCM platforms, contributing to overall market growth.

• Published: June 2025

Market Leader - Industrial Coatings Market

In terms of value, the industrial coatings market is estimated to grow from USD 112.04 billion in 2024 to USD 142.35 billion by 2030, at a CAGR of 4.12% between 2025 and 2030. Waterborne coatings are becoming increasingly prominent as most industries shift away from solvent-borne systems due to strict environmental regulations and health concerns. These coatings have attributes such as low VOC emissions, good adhesion, and durability, making them suitable for applications in the general industrial, automotive, and heavy machinery sectors. As manufacturers continue to adopt more sustainable practices and strive to reduce their environmental footprint, waterborne coatings are expected to see wider usage while supporting both performance and compliance across industrial end-use markets.

• Published: June 2025

Top Vendors in Automotive Heat Exchanger - MAHLE GmbH (Germany), Denso Corporation (Japan), Valeo (France), Hanon Systems (South Korea) and T.RAD Co., Ltd. (Japan)

The automotive heat exchanger market is projected to grow from USD 27.07 billion in 2025 to USD 29.94 billion by 2032 at a CAGR of 1.5%. As turbocharged engines, multi-speed transmissions, and hybrid powertrains become increasingly prevalent, the resulting rise in heat loads has driven the adoption of advanced heat exchanger designs, such as microchannel and brazed aluminum systems, which offer superior heat transfer efficiency in compact formats. Simultaneously, stricter global regulations on emissions and fuel economy, such as Euro 6, China 6, and US CAFE standards, are compelling automakers to adopt more precise and efficient thermal management systems. These systems are particularly critical for exhaust treatment and air-conditioning functions, as they play a key role in reducing CO₂ and NOₓ emissions. Together, these technological and regulatory developments are significantly contributing to the growth of the automotive heat exchanger market.

• Published: June 2025

Top Companies in Machine Tools Market - Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI (Japan) and DN Solutions (South Korea)

The machine tools market is projected to reach USD 105.11 billion by 2032, from USD 81.09 billion in 2025, with a CAGR of 3.8%. The rising demand for customized consumer products is driving industries toward agile manufacturing systems, supported by advanced CAD/CAM integration and rapid tooling solutions. Additionally, digital transformation within factories is promoting the use of machine tools equipped with built-in sensors and real-time analytics, enabling smarter quality control and adaptive machining processes.

• Published: June 2025

Satellite Internet Companies - SpaceX (US) and Viasat (US) are the Key Players

The satellite internet market is projected to grow from USD 14.56 billion in 2025 to USD 33.44 billion by 2030, registering a CAGR of 18.1%. This growth is driven by the need for reliable broadband in underserved and rural areas, the proliferation of connected devices, advancements in high-throughput satellites, and the deployment of LEO constellations. Favorable government initiatives, improvements in satellite ground infrastructure, and increased affordability of user terminals further propel market growth. Consumer broadband, enterprise networks, and government & defense sectors also leverage satellite internet for connectivity, boosting overall market expansion.

• Published: June 2025

Top Companies in Ecommerce Platform Market - Shopify (Canada), eBay (US), Wix (Israel), Oracle (US) and Adobe Commerce (US)

The eCommerce platform market is projected to grow from USD 9,078.2 million in 2025 to USD 16,506.9 million by 2030 at a CAGR of 12.7 % during the forecast period. The rising number of online consumers, driven by the widespread adoption of smartphones, is set to propel the demand for eCommerce platforms. As the global shift toward online shopping accelerates, the need for robust and scalable digital commerce solutions continues to grow. Businesses are seeking reliable and feature-rich eCommerce platforms to build, operate, and optimize their online storefronts effectively.

• Published: June 2025

AI in Drones Market Impact Analysis

Autonomous Ascent: How AI is Reshaping the Future of the UAV Industry

• Published: June 2025

Top Companies in Facility Management Market - CBRE Group (US), Jones Lang Lasalle (US), IBM (US), Planon (Netherlands), and SAP (Germany)

The facility management market is estimated to grow from USD 61.08 billion in 2025 to USD 138.50 billion by 2030, at a CAGR of 17.8%, during the forecast period. Several key market factors drive the shift in facility management from a support function to a strategic pillar. Organizations heavily invest in technologies such as IWMS and BIM to enhance operational resilience, achieve sustainability goals, ensure compliance, and boost workforce productivity. These systems consolidate functions such as asset tracking, lease accounting, energy monitoring, and security management, facilitating data-driven decision-making, predictive maintenance, and real-time visibility into facility operations. This level of integration is essential for managing complex infrastructures, meeting ESG objectives, and guaranteeing business continuity, thus driving the market.

• Published: June 2025

Top Companies in Data Integration Market - IBM (US), SAP (Germany), Oracle (US), Microsoft (US), SAS Institute (US)

The data integration market is anticipated to register a compound annual growth rate (CAGR) of 13.6% over the course of the forecast period, reaching USD 33.24 billion by 2030 from an estimated USD 17.58 billion in 2025. Key drivers of the market include the growing adoption of AI, which requires high-quality and well-connected data from multiple sources to function effectively. The increasing volume of real-time data from IoT devices, user interactions, and business events is also driving demand for streaming data integration solutions. Additionally, modern data architectures like data fabric and data mesh are making data integration a strategic priority, as they rely on seamless and decentralized access to data across various systems and domains.

• Published: June 2025

Industrial Hose Companies - Gates Corporation (US) and Danfoss (Denmark) are the Key Players

The industrial hose market is projected to reach USD 13.92 billion by 2030 from USD 11.81 billion in 2025; it is expected to grow at a CAGR of 3.0% during the forecast period from 2025 to 2030. As industries demand more durable, versatile, and application-specific fluid transfer solutions, industrial hoses are gaining prominence across sectors such as oil & gas, chemical processing, agriculture, mining, and food & beverages. The rising emphasis on safety, operational efficiency, and sustainability is accelerating the adoption of advanced hose technologies. Key drivers fueling market growth include increased infrastructure development, rising demand for automation, and the need for robust fluid handling systems in high-pressure and high-temperature environments. Urbanization and stringent safety and environmental regulations are pushing manufacturers to design hoses that offer better resistance to abrasion, chemicals, and extreme conditions. In addition, the growth of industries such as renewable energy, pharmaceuticals, and construction contributes to the rising demand for specialized hose types with enhanced mechanical properties.

• Published: June 2025

Drone Battery Companies - EaglePicher Technologies (US) and RRC Power Solutions GmbH (Germany) are the Key Players

The drone battery market is projected to reach USD 2.41 billion by 2030, from USD 1.59 billion in 2025, at a CAGR of 8.7%. This growth is driven by the increasing use of drones in agriculture, delivery, defense, and security. These drones require powerful, long-lasting batteries to cover vast distances and perform diverse tasks. As more drones are designed to operate autonomously and fly beyond the visual line of sight, improved battery technology is becoming crucial. Many companies and governments are investing in new battery technologies to enhance drone performance and efficiency.

• Published: June 2025

Top Companies in Terminal Tractor Market - Kalmar (Finland), Terberg Special Vehicles (Netherlands), Mafi Transport-Systeme GmBH (Germany), Capacity Trucks (US) and TICO Tractors (US)

The terminal tractor market is projected to grow from USD 1.55 billion in 2025 to USD 2.25 billion by 2032 at a CAGR of 5.5%. The growth of the market is mainly driven by the increasing demand for efficient port operations, the push for environmental sustainability, advancements in electrification and battery technology, and the need for improved safety and productivity. Additionally, stringent environmental regulations and the global shift towards reducing carbon footprints have accelerated the demand for electric terminal tractors, which offer zero-emission solutions and contribute to cleaner port environments.

• Published: June 2025

Top Companies in Video Processing Platform Market - Akamai Technologies (US), MediaKind (US), Harmonic (US), Synamedia (UK) and Brightcove (US)

The video processing platform market is projected to witness a CAGR of 10.6% from 2025 to 2030, reaching USD 12.40 billion by 2030 from an estimated USD 7.50 billion in 2025. The rapid rise of OTT platforms fuels demand for advanced video processing platforms that manage large-scale content delivery. These platforms support encoding, transcoding, adaptive streaming, and AI-driven enhancements to ensure seamless, personalized viewing experiences. With increasing focus on monetization, scalability, and global reach, they help optimize bandwidth, maintain compliance, and improve efficiency, making them essential tools in the competitive digital media and entertainment landscape.

• Published: June 2025

Liebherr AG (Germany) and Bigge Crane and Rigging Co. (US) are Leading Players in the Tower Crane Rental Market

The tower crane rental market was valued at USD 16.3 billion in 2024 and is projected to reach USD 22.1 billion by 2030, at a CAGR of 5.2%. The increasing demand for tower crane rentals is driven by rapid urbanization, a surge in construction projects, and the global imperative to reduce construction costs. As cities in developing nations expand vertically, we observe a proliferation of skyscrapers, business complexes, and smart city initiatives, all of which necessitate substantial lifting equipment such as tower cranes. Construction firms often opt to rent rather than purchase cranes due to the significant initial capital investment required for the acquisition, ongoing maintenance responsibilities, and storage challenges. Renting provides access to cutting-edge crane technology, including advanced computer controls, immediate problem-detection systems, and enhanced safety features, without the burden of long-term financial commitment. Moreover, the variability of project sizes and timelines makes rental agreements a more flexible and scalable solution for construction companies. Additionally, governments globally are increasing investments in infrastructure projects, including subway systems, highways, and industrial developments, thereby driving demand for rental equipment. Furthermore, rental companies frequently offer skilled operators and maintenance services, which mitigates risk and reduces liability for construction firms. This trend toward asset-light strategies, combined with advancements in tracking and managing crane fleets, continues to reinforce the preference for renting over owning tower cranes.

• Published: June 2025

How Artificial Intelligence is Revolutionizing the Wearable Technology Market

The wearable technology market has experienced a remarkable transformation over the past decade, evolving from basic fitness trackers to sophisticated devices that seamlessly integrate into daily life. At the heart of this evolution lies artificial intelligence (AI), a powerful force reshaping how wearables function, interact with users, and deliver value across industries. The AI impact on the wearable technology market is profound, driving advancements in healthcare, fitness, consumer electronics, and beyond. This article delves into the intricate ways AI is revolutionizing the wearable technology market, exploring its applications, benefits, challenges, and future potential while highlighting key trends that are shaping this dynamic industry.

The global wearable technology market size is expected to grow from USD 70.30 billion in 2024 to USD 152.82 billion by 2029, growing at a CAGR of 16.8% during the forecast period.

• Published: June 2025

What are the key factors driving the Sports Technology Market?

The sports technology market is experiencing a transformative surge, reshaping how athletes train, fans engage, and organizations operate.The global sports technology market is expected to grow from USD 34.25 billion in 2025 to USD 68.70 billion by 2030, growing at a CAGR of 14.9% during the forecast period. understanding what drives this dynamic market is crucial for stakeholders, innovators, and enthusiasts alike. This article delves into the key factors propelling the sports technology market forward, exploring innovations, consumer demands, and industry trends that are redefining the sports ecosystem. By examining these forces, we uncover how technology is not just enhancing performance but revolutionizing the entire sports experience.

• Published: June 2025

Top Companies in Distribution Transformer Market - Hitachi Energy (Switzerland), Eaton (Ireland), Siemens Energy (Germany), Schneider Electric (France) and Toshiba Energy Systems & Solutions (Japan)

The global distribution transformer market is projected to grow from USD 21.4 billion in 2025 to USD 29.6 billion by 2030, registering a CAGR of 6.7% during the forecast period. Drivers include growing electricity access in emerging markets, additions in renewable energy installations, transport and industry electrification, and upgrading aging grid infrastructure in North America, Europe, and Asia Pacific. With nations pursuing energy resilience and net-zero objectives, distribution transformers have been at the center of guaranteeing efficient power flow between end users and substations. This transition has generated demand for low-loss, smart-enabled, and environmentally friendly transformer designs that enable bi-directional energy flow, distributed energy resources (DERs), and integration with digital grid platforms. Some of the important technology trends like remote monitoring, solid insulation, digital twins, low-noise and compact design, and predictive maintenance attributes are driving purchasing choices, especially for utilities and industrial customers in advanced markets. In this extremely competitive environment, international giants are vying through technological innovation and strategic market growth to consolidate their positioning.

• Published: June 2025

Photovoltaics Companies - Jinko Solar (China) and JA SOLAR Technology Co., Ltd. (China) are the Key Players

The global photovoltaics market is projected to grow from USD 613.57 billion in 2025 to USD 968.32 billion by 2030, at a CAGR of 9.6% during the forecast period. A key factor driving the photovoltaics market is the growing global emphasis on clean and renewable energy sources to reduce carbon emissions and combat climate change. Governments across regions are implementing supportive policies, incentives, and regulatory frameworks to accelerate solar adoption. Additionally, advancements in PV technology have significantly improved efficiency and reduced costs, making solar power more accessible. Rising electricity demand and the need for energy security further boost market growth. These dynamics collectively make photovoltaics a preferred solution in the global energy transition.

• Published: June 2025

Simulators Companies - CAE Inc. (Canada) and General Dynamics Corporation (US) are the Key Players

The simulators market is estimated to be valued at USD 13.63 billion in 2025. It is projected to reach USD 19.35 billion by 2030 at a CAGR of 7.3% from 2025 to 2030. The market encompasses the design, development, and support of simulation systems used to train personnel without exposing them to operational risks or high costs. Simulators are increasingly used for mission rehearsal, pilot certification, emergency response, and equipment maintenance training.

• Published: June 2025

Top Companies in Industrial Control System (ICS) Security Market - Cisco (US), ABB (Switzerland), Lockheed Martin (US), Fortinet (US) and Honeywell (US)

The industrial control system (ICS) security market size is projected to grow from USD 15.35 billion in 2025 to USD 32.89 billion by 2030 at a compound annual growth rate (CAGR) of 16.5% during the forecast period. The rise of IIoT and smart factory technologies is transforming traditional manufacturing and industrial processes into connected systems. Existing setups that include devices, actuators, and sensors communicating across networks can now be linked to improve operational efficiency and data visibility. However, this connectivity also opens up multiple opportunities for cyber attackers to infiltrate networks, increasing the risks of intrusions and data breaches. Securing communication between devices and systems, along with managing authentication and network segmentation, has become essential for ICS security.

• Published: June 2025

Top Companies in Data Center Colocation Market - Equinix (US), Digital Realty (US), NTT Data (Japan), QTS Data Centers (US) and KDDI Corporation (Japan)

The data center colocation market is projected to reach USD 204.4 billion by 2030 from an estimated USD 104.2 billion in 2025, at a CAGR of 14.4%. The increasing demand for high-density artificial intelligence (AI) and high-performance computing (HPC) workloads is making power and cooling capacity, rather than just rack space, a key differentiator. Enterprises now require liquid-cooled environments that can support between 40 and 60 kW per rack. Additionally, hybrid-multicloud interconnection ecosystems have become essential, providing low-latency Layer-2 connectivity that spans on-premises facilities, colocation centers, and various cloud regions. This setup enables efficient, high-performance data movement for AI applications. Evolving data sovereignty regulations in Europe, India, and Australia are accelerating investment in compliant, jurisdiction-secure hosting facilities that command premium pricing and extended contracts.

• Published: June 2025

Top Companies in Cybersecurity Market - Rapid7 (US), SentinelOne (US), IBM (US), Cisco (US) and Microsoft (US)

The global cybersecurity market size is projected to grow from USD 227.59 billion in 2025 to USD 351.92 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period. The cybersecurity market is being driven by the growing adoption of Cybersecurity Mesh Architecture (CSMA), which enables a more flexible and modular approach to securing increasingly distributed IT environments. CSMA allows for seamless integration across security tools and systems, enhancing threat detection, identity management, and response coordination. Simultaneously, the escalating frequency and sophistication of cyberattacks are compelling organizations to invest in advanced security measures to safeguard their critical business assets. With digital transformation expanding attack surfaces, companies are prioritizing end-to-end protection strategies to ensure resilience and continuity against evolving threats.

• Published: June 2025

Solventum (US) and Smith+ Nephew (UK) are Leading Players in the Advanced Wound Care Market

The advanced wound care market is expected to grow from USD 13.37 billion in 2025 to reach USD 19.32 billion by 2030, at a CAGR of 7.6% during the forecast period.

• Published: June 2025

Top Companies in Permanent Magnet Motor Market- ABB (Switzerland), Siemens (Germany), NIDEC (Japan), Wolong Electric (China) and WEG (Brazil)

The global permanent magnet motor market is anticipated to grow at a CAGR of 9.8% during the forecast period, from an estimated USD 58.68 billion in 2025 to USD 93.75 billion in 2030. The growth of the permanent magnet motors market is driven by the increasing demand for energy-efficient and high-performance motor solutions for various applications. These motors are more resilient in torque density, much more efficient, and smaller than conventional induction motors, so they are suitable for applications such as electric vehicles, environmental induction motors, industrial automation, HVAC, and robotics. Adopting new sustainable technologies and tight energy conservation laws has accelerated the movement toward technologies that curtail energy consumption and carbon emissions. Permanent magnet motors offer significant performance and energy efficiency advantages, making them widely used in electric vehicle drivetrains.

• Published: June 2025

Top Companies in Agentic AI Market - Microsoft (US), ServiceNow (US), Aisera (US), Avanade (US) and PwC (UK)

The global market for agentic AI is anticipated to grow at a compound annual growth rate (CAGR) of 44.6% during the forecast period, from an estimated USD 7.06 billion in 2025 to USD 93.20 billion by 2032. Key drivers of the agentic AI market include increasing enterprise need for hyper-automation to streamline end-to-end workflows; breakthroughs in LLMs, memory, and orchestration frameworks enabling autonomous multi-step task execution; widespread access to high-performance computing and scalable AI deployment environments; and growing maturity of digital twins with agentic orchestration for real-world simulation.

• Published: June 2025

Private 5G Companies - Telefonaktiebolaget LM Ericsson (Sweden) andNokia (Finland) are the Key Players

The private 5G market is valued at USD 3.86 billion in 2025 and is projected to reach USD 17.55 billion by 2030, registering a CAGR of 35.4% during the forecast period. In the private 5G market, which operates in a competitive and rapidly evolving environment, companies are leveraging advanced technologies to enhance network performance, security, and scalability. Emphasis is being placed on automation, edge computing, and AI-driven network management to optimize connectivity in enterprise environments. Companies are also utilizing customer-centric approaches by using data analysis to make better decisions.

• Published: June 2025