Market Leader - Image Recognition in Retail Market

MarketsandMarkets forecasts the image recognition in retail market size to grow from USD 1.4 billion in 2020 to USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.0% from 2020 to 2025. Increasing technological developments to boost the adoption of image recognition solutions among retailers; and need to increase on-shelf availability, enhance customer experience, and maximize RoI are expected to increase the adoption of image recognition in retail across the globe during the forecast period.

Aircraft Electrical Companies - AMETEK (US), Safran (France) are the Key Players

The aircraft electrical systems market size is projected to grow from 19,344 million in 2020 to USD 37,265 billion by 2030, at a CAGR of 6.8% during the forecast period. The major factors driving the market include technological advancements in aircraft electrical systems and the adoption of the more electric aircraft concept, which lead to the increasing need for enhanced aircraft electrical system.

Market Leaders - Diesel Power Engine Market

The global diesel power engine market size is projected to reach USD 7.9 billion by 2025 from an estimated value of USD 6.3 billion in 2020, at a CAGR of 4.6% during the forecast period. Increased industrialization, rising standard of living, and demand for reliable back up power are the main drivers for the market. Moreover increased investments in datacenters and commercial facilikties is expected to further drive the demand for tis product.

Bosch (Germany) and Siemens (Germany) are leading players in Automotive Test Equipment Market

The global automotive test equipment market size is projected to grow at a CAGR of 4.1% during the forecast period to reach USD 3.7 billion by 2025 from an estimated USD 3.0 billion in 2020. The base year for the report is 2019, and the forecast period is from 2020 to 2025. The growth of the automotive test equipment market is influenced by factors such as the rise in stringent emission norms to prevent environmental impact, increasing electronic architecture in modern vehicles, and technological advancements in automotive test equipment. Additionally, increasing electric vehicle production and autonomous vehicle testing will drive the testing market for advanced technology such as ECU testing, data logger system, ADAS testing, and simulation testing.

Market Leader - Protective Clothing Market

The protective clothing market size is projected to reach USD 12.3 billion by 2025 from USD 8.8 billion in 2020, at a CAGR of 6.9% between 2020 and 2025. Rising awareness about the safety of workers and industrial development in developing economies are expected to support the growth of the protective clothing market. The high price of specialized clothing and the requirement of massive investment for R&D are restraining the growth of the market. On the other hand, the use of phase change materials (PCMs) and rising demand for multifunctional clothing have created opportunities for manufacturers. The players in the protective clothing market are mainly concentrating on new product launches, acquisitions, agreements, and expansions to meet the growing demand for protective clothing from various applications. New product launches help companies strengthen their product portfolio and meet the specific demands of customers.

Key players adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the impact of COVID-19 Impact on Intelligent Process Automation Market

 Global Intelligent Process Automation (IPA) market’s pre-COVID size was expected to be USD 10.0 billion in 2020 and USD 16.3 billion in 2025. The COVID-19 global pandemic is sending shockwaves throughout the financial markets, disrupting the supply chain, the elasticity of goods, and significantly impacting the way we engage in normal business activities. As a result, organizations of all sizes are witnessing financial crunch, limiting their liquidity and restraining investment in IT infrastructure. According to IDC, IT spending will be registering a decline of 2.5% in 2020, in comparison to 2019, when it was growing around 5%. However, the most significant impact may be on the operational aspect of businesses. Many organizations are currently evaluating ways to minimize COVID-19’s impact on their day-to-day operations, testing BCPs (business continuity plans), implementing work from home (WFH) protocols, and showing very strong intent on digital transformation efforts to combat the disruption. As a result, early adopters ought to gain a competitive advantage over that of late adopters. IPA solutions can assist organizations in successfully driving value throughout these challenging times, and amid the opportunities they present. For instance, Pegasystems launched application such as crisis response solution, small business lending reference application and track the spread of COVID-19 among employees for its clients and small business to solve the challenges caused by Covid-19

Market Leader - Automotive Power Electronics Market

The global automotive power electronics market is projected to grow at a CAGR of 4.7% during the forecast period, to reach USD 4.7 billion by 2025. The key growth drivers of the market are the increasing electronics content inside the vehicle to operate multiple features, adoption of safety features inside the vehicle, and changing landscape of vehicle powertrain.

Market Leaders - Feed Enzymes Market

The global feed enzymes market size is estimated to be USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2025, at a CAGR of 8.1% during the forecast period. The market has a promising growth potential due to several factors, including the stringent safety regulations on livestock safety across the globe, increasing demand for meat and dairy products among consumers, and rising population with an increasing disposable income in emerging economies.

Industrial Hose Companies - Gates Industrial Corporation plc (US), Eaton Corporation plc (Ireland) are the Key Players

The global industrial hose market is expected to grow from USD 10.2 billion in 2020 to USD 16.4 billion by 2025; it is expected to grow at a CAGR of 9.9% during 2020–2025. Key factors fueling the growth of this market include the increasing demand for robust industrial hoses for critical applications in several industries, growing infrastructure-related developments, and rising demand for PVC material. The demand for robust industrial hoses is increasing across the world to avoid fatal accidents, ensure smooth material handling even in extreme environmental/operational conditions, and so on various industries such as pharamaceuticals, agriculture, chemicals, and oil & gas create a strong demand for industrial hoses for efficient industrial operations. in the midst of COVID-19.

Rich Communication Services (RCS) Market

The global Rich Communication Services (RCS) market size is projected to grow from USD 5.2 billion in 2020 to USD 11.7 billion by 2025, at a CAGR of 17.6% during 2020–2025. Major factors expected to drive the growth of the RCS market include an increasing number of advertising and marketing companies and Strict regulations for Over-the-Top (OTT) messaging services to boost the adoption of RCS.

Market Leader - Syngas & Derivatives Market

The syngas & derivatives market is estimated at 2,45,557 MWth in 2020 and is projected to reach 4,06,860 MWth by 2025, at a CAGR of 10.6% from 2020 to 2025. The chemicals segment is estimated to lead the syngas & derivatives market in 2020, owing to increasing demand for derivatives such as methanol, ammonia, and FT synthesis products to manufacture chemical intermediates for use in chemical synthesis and to manufacture fertilizers and petrochemicals. In addition, high demand for chemical intermediaries in the production of hygiene and sanitization and pharmaceutical products due to outbreak of COVID-19 is anticipated to fuel the growth of syngas and its derivatives in the chemical segment. Manufacture of chemicals and fuels was marked as critical infrastructure and as essential goods and services, which led to continuation in the operations and production of syngas derived chemicals, fuel, and electricity to meet the demand across the world. Furthermore, rising environmental concerns due to excess usage of traditional fuels are expected to fuel the growth of the syngas & derivatives market.

Hyper-Converged Infrastructure Market Insights, Trends | Global Industry Report, 2025| MarketsandMarkets™

The global Hyper-Converged Infrastructure (HCI) market size is expected to reach USD 27.1 billion by 2025, from USD 7.8 billion in 2020 and growing at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period. An increasing need to manage regulatory and policy complianceswouldspur the demandforHCIofferingsacross the globe.HCI provides increased system availability with automatic resource allocation, behavior-aware redundancy, and automated backup procedures to manage significant workloads and sensitive data. Rapid recovery is the key to any enterprise to achieve long-term success and gain a competitive advantage. The increasing data protection requirements would also increase demand for HCI during the forecast period.

Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany) and Avantor, Inc. (US) are the leading players in the Biopreservation Market

The biopreservation market is projected to reach USD 4.9 billion by 2025 from USD 3.1 billion in 2020, at a CAGR of 9.1% between 2020 and 2025. Increasing R&D investments, advances in biobanking and the growing trend of conserving cord blood stem cells of newborns, rising investments in regenerative medicine research, and the increasing demand for personalized medicine are the major factors driving the growth of the biopreservation media and equipment market. Emerging economies are likely to create significant growth opportunities for players in the market. However, the high cost of biopreservation equipment will challenge market growth.

Jindal Poly Films (India) and Taghleef Industries (UAE) are Leading Players in the BOPP Films Market

The global BOPP films market size is projected to grow from USD 24.26 billion in 2020 to USD 31.42 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast year. The BOPP films market has been growing in tandem with the growth in the packaging industry, replacing traditional packaging types, such as metal cans and cartons. Factors, such as growing consumer preferences for convenient packaging, growing demand from the food & beverage sector, ease of use, and lightweight nature, are driving the demand for BOPP films packaging.

Market Leader - Mosquito Repellent Market