Research Insight

Video as a Sensor Companies - Honeywell International Inc. (US) and Dahua Technology Co., Ltd (China) are the Key Players

The global video as a sensor market size is estimated to be USD 69.52 billion in 2024 and is projected to reach USD 101.89 billion by 2029, at a CAGR of 7.9% during the forecast period. The key factors fuelling the growth of this market are the rapid technological advancements in AI, ML, edge computing, and camera technologies, favorable government initiatives and funding, and increasing demand for video as a sensor system for surveillance and security.

• Published: November 2024

Top Companies in Simulation Software Industry - Dassault Systemes (France) and Ansys (US)

The Simulation Software market size is estimated to grow from USD 19.95 Billion in 2024 to USD 36.22 Billion by 2030 at a compound annual growth rate (CAGR) of 10.4 % during the forecast period.

• Published: November 2024

Metamaterial Companies - BAE Systems (UK) and Lockheed Martin Corpration (US) are the Key Players

The metamaterial market is projected to reach USD 1.38 billion by 2029 from USD 0.22 billion in 2024 at a CAGR of 44.8% during the forecast period.

• Published: November 2024

Top Companies in Antimicrobial Susceptibility Testing Market: Biomerieux SA (France) and Becton,dickinson and company (US) are the Leading Players

The antimicrobial susceptibility market is projected to reach USD 5.68 billion by 2029 from USD 4.45 billion in 2024, growing at a CAGR of 5.0% during the forecast period. Major driving factors for antimicrobial susceptibility market growth come from the increasing prevalence of antibiotic-resistant infections and greater demand for effective treatments. Resistance from bacteria and other pathogens is growing against currently used antibiotics, which further compels health systems towards finding new antimicrobial agents and their testing methods to overcome this new evolving threat. Awareness of AMR among healthcare providers and patients, increased use of better diagnostic technologies, has a pushing effect on the market. Governments and organizations are also investing in research and development in this field of AMR, accelerating the pace of innovation and growth in the market.

• Published: November 2024

Electronic Waste Recycling Companies: Umicore SA (Belgium) and Enviro-Hub Holdings Ltd. (Singapore) are Leading Players in the Electronic Waste Recycling Market

The Electronic Waste Recycling market is projected to grow from USD 48.41 billion in 2024 to USD 66.33 billion by 2029, at a CAGR of 6.5% during the forecast period.

• Published: November 2024

Top Companies in Particle Counters Market - Spectris Plc (UK) and Danaher Corporation (US) are the Leading Players

The global particle counters market is estimated to reach USD 986.3 million by 2029 from USD 625.3 million in 2024, at a CAGR of 9.5% during the forecast period.

• Published: November 2024

Top Companies in Modular Data Center Industry - Dell (US) and Vertiv (US)

The Modular Data Center Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period, from USD 29.93 billion in 2024 to USD 79.49 billion in 2030. The market for modular data centers is expanding because these are easily adaptable and scalable and they can be deployed quickly than traditional data centers. These pre-engineered solutions allow organisations to rapidly deploy data centres in many locations, guaranteeing optimum performance in each scenario. Modular data centers are cost efficient and energy friendly since they enable a company to expand operations easily without necessarily disrupting its operations. This flexibility helps companies in addressing new technology requirements and retaining competitive advantages while also dealing with intricate and dispersed infrastructures.

• Published: November 2024

Image Sensors Companies - Sony Corporation (Japan) and Samsung (South Korea) are the Key Players

The global image sensor market is expected to be valued at USD 20.66 billion in 2024 and is projected to reach USD 29.62 billion by 2029, growing at a CAGR of 7.5% from 2024–2029. Market participants have diversified their offerings, extending their global reach through strategic growth approaches like establishing alliances, introducing new products and collaborations, forging partnerships, and expanding their operations.

• Published: November 2024

Top Companies in Logistics Automation Industry - Honeywell (US) and ABB (Switzerland)

The worldwide Logistics automation market is expected to grow at a compound annual growth rate of 8.4% until 2029, reaching USD 52.53 billion, up from an estimated USD 35.14 billion in 2024. Key factors driving market growth are smart warehousing systems with IoT, AI to analyze data optimizes supply chain operations and enhances decision-making efficiency and innovations in cold chain logistics are improving the efficiency of temperature-sensitive deliveries.

• Published: November 2024

Urea Companies - CF Industries Holdings, Inc. (US) and Pupuk Indonesia (Persero) (Indonesia) are Leading Players in the Urea Market

The urea market is projected to reach USD 93.25 billion by 2029 from USD 80.25 billion in 2024, at a CAGR of 3.05% during the forecast period.

• Published: November 2024

Top Companies in Quantum Communication - Toshiba (Japan) and ID Quantique (Switzerland)

The global quantum communication market size is projected to grow from USD 0.74 billion in 2024 to USD 5.54 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 39.6% during the forecast period. Quantum communication technology is mainly driven by - the greater need for data protection. Organizations and governments seek out more secure means of communication, such as Quantum Key Distribution (QKD) and quantum-proof ones, as cyber threats have become more sophisticated and the risk of quantum hacking traditional encryption is looming. The technology is evolving, offering a level of protection that is beyond what can be by offering a level of protection that is beyond what can be provided offered by standard methods such as RSA and AES, leading to the growth of the quantum communication market.

• Published: November 2024

Aerospace Testing Companies - Element Materials Technology (UK) and SGS SA (Switzerland) are the Key Players

The global aerospace testing market is expected to be valued at USD 5.50 billion in 2025 and reach USD 6.91 billion by 2030, growing at a CAGR of 4.6% during the forecast period. Aerospace testing is experiencing rapid growth due to stringent regulatory requirements for safety and quality, increased commercial air travel demand, and advances in aerospace technology, which require testing new materials and systems. It is also necessary to rigorously test the increased government spending on defense and military aircraft to ensure that they are reliable and perform at their optimum level. Key strategies driving the market include the integration of AI-driven analytics in testing protocols to enhance precision and efficiency and the expansion of testing capabilities through strategic partnerships and acquisitions to address evolving aerospace standards.

• Published: November 2024

Home Automation System Companies - Johnson Controls Inc. (Ireland) and Schneider Electric (France) are the Key Players

The home automation system market was valued at USD 57.67 billion in 2024 and is projected to reach USD 73.49 billion by 2029; it is expected to register a CAGR of 5.0% during the forecast period. Rising need for convenience and comfort, increasing demand for energy efficient devices, and incorporating AI in Home automation are attributed to the ever-increasing demand. 

• Published: November 2024

Top Companies in Relay Industry - HONGFA (China), TE Connectivity (Switzerland) and OMRON Corporation (Japan)

The relay market is expected to grow from an estimated in USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0% during the forecast period. As urbanization and industrialization accelerate, power grids require advanced relay systems to handle the complexity of power transmission and distribution, ensuring system stability and protection against failures. Moreover, the focus on integrating renewable energy sources into the grid further boosts the demand for relay solutions that can manage fluctuations and maintain a stable power supply.

• Published: November 2024

Top Companies in Smart Stadiums - Cisco (US) and IBM (US)

The global Smart Stadiums market size is projected to grow from USD 19.55 billion in 2024 to USD 41.68 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 16.4%. The Smart Stadiums market is growing because as the demand for more engaging experiences by fans through connected tech is rapidly increasing. The conventional stadiums had basic setups with little digital interaction missing out on real-time info and custom features for visitors. In recent years, IoT AI, and 5G have changed stadiums into linked spaces that boost how well they run, keep people safe, and get fans involved. Factors such as rising sports events worldwide, plus the need for better facilities, have pushed stadiums to use latest technologies. Furthermore, the investment in sports facilities and the emphasis on improving stadium operations are significant factors contributing to this growth.

• Published: October 2024

Coating Resins Companies: Dow Inc. (US) and Allnex GmbH (Germany) (PTT Global Chemical) are Leading Players in the Coating Resins Market

The global coating resins market size was USD 45.28 billion in 2024 and is projected to reach USD 57.34 billion by 2029; it is projected to register a CAGR of 4.8% between 2024 and 2029. The coating resins market growth is mainly driven by the increased demand from the construction, protective, and automotive sectors, a surge in investments in the infrastructure sector, increasing awareness for eco-friendly coating systems, and a rise in the purchasing power of consumers. Architectural coatings are expected to generate a continuous bulk demand for coating resins because of the developments in the construction and industrial sectors. The market restraints include low availability and high price of specialized raw materials needed for highly specialized coatings and economic slowdown in European economies.

• Published: October 2024

Packaging Coatings Companies: PPG Industries, Inc. (US) and AkzoNobel N.V. (The Netherlands) are Leading Players in the Packaging Coatings Market

The packaging coatings market is projected to grow from USD 4.21 billion in 2024 to USD 5.37 billion by 2029, at a CAGR of 5.0% between 2024 and 2029. Packaging coatings are specific layers of material which are added onto or incorporated into the packaging substrates to improve its efficiency, stability and looks. These coatings have become an essential product across different sectors since they shield packaged commodities from the elements, prolong the shelf life of the products and meet essential safety and quality requirements. In the food and beverage industry for example, the packaging coatings provide a barrier against moisture, oxygen, and contaminants that may otherwise spoil the food product or contribute to shortened shelf life. These coatings also protect characteristics of the packaging materials during handling and transportation so as to get the products to the consumers in the right state. Food coatings are especially essential to steer clear of any leaching of chemicals into the food lest they violate the food safety legal requirements.

• Published: October 2024

Top Companies in Engines Industry - Cummins Inc (US) and General Motors (US)

The engines market is forecast to reach USD 477.89 billion by 2029 from an estimated USD 377.84 billion in 2024, at a CAGR of 4.8% during the forecast period (2024-2029). Growth in the engine market is associated with increasing demand for reliable power across multiple industries. Among them include transportation, manufacturing, and energy. Advancements in technologies regarding engines that are aimed at improving their performance for energy efficiency alone keep encouraging their demand. Moreover, there is a push towards sustainability and cleaner alternatives to fuel that has encouraged innovation in the recent past by developing even more efficient engines that meet modern-day environmental standards.

• Published: October 2024

Top Companies in Latent TB Testing Market: QIAGEN (Netherlands) and Revvity (US) are the Leading Players

The latent TB testing market is projected to grow to USD 773.4 million by 2029 from USD 582.5 million in 2024, at a CAGR of 5.8% during the forecast period. Major growth drivers in the market include a rise in the incidence and prevalence of latent TB globally, widespread administration of the BCG vaccine, and increased funding and grants toward TB control. As latent TB cases increase, mainly in high-risk settings, early diagnosis of patients is an important aspect that can prevent them from turning into active tuberculosis. Additionally, increasing financial support via international organizations and government agencies strengthens TB programs by improving the access of diagnostics, healthcare infrastructure, and training on the management of TB. Altogether, these factors add up to the global rising need for accurate latent TB tests.

• Published: October 2024

Marine Vessels Companies - China State Shipbuilding Corporation (China) and FINCANTIERI S.p.A. (Italy) are the Key Players

The marine vessels market is projected to reach USD 133.63 billion by 2030, from USD 111.10 billion in 2024, at a CAGR of 3.1%. The marine vessels market is growing due to expanding global trade, which is driving demand for commercial ships. Military navies are expanding and modernizing, contributing to market activity. The rise in passenger and tourism demand is increasing the need for more vessels. Strategic fleet renewal efforts, aimed at replacing older ships with newer models, are also supporting the market's growth.

• Published: October 2024

Occupancy Sensor Companies - Legrand (France) and Johnson Controls Inc (US) are the Key Players

The global occupancy sensor market is expected to reach USD 5.20 billion in 2030 from USD 2.75 billion in 2024, at a CAGR of 11.2% during the forecast period. The demand for occupancy sensors is increasing due to the need for high energy efficiency, new releases of smart home technologies, and growing interest in sustainability. It activates lighting systems, heating, ventilation, cooling, and other appliances in a room according to its occupancy to help reduce energy consumption. In addition, the development of smart buildings and independent homes embracing automation systems and increasing demand for energy-efficient solutions is enabling the demand for occupancy sensors in residential, commercial, and industrial spaces.

• Published: October 2024

Top Companies in Cold Plasma Market: Nordson Corporation (US) and Adtec Plasma Technology Co. Ltd. (Japan) are the Leading Players

The cold plasma  market is projected to reach USD 3.66 billion by 2029, from USD 2.17 billion in 2024, at a CAGR of 11.0%. during the forecast period.

• Published: October 2024

NFC Companies - NXP Semiconductors (Netherlands) and Broadcom (US) are the Key Players

The global NFC market size is expected to grow from USD 21.69 billion in 2024 to USD 30.55 billion by 2029, at a CAGR of 7.1% from 2024 to 2029. Near field communication technology is mainly deployed in smartphones, laptops, and tablets for a short range of data exchange. NFC is an array of protocols based on a wireless interface that enables communication devices and electronic gadgets, which establish radio communication with each other under proximity.

• Published: October 2024

Wearable Technology Companies -Signify Holding (Netherlands) and Acuity Brands, Inc. (US) are the Key Players

The Wearable Technology market is projected to grow from USD 70.30 billion in 2024 and is projected to reach USD 152.82 billion by 2029; it is expected to grow at a CAGR of 16.8% from 2024 to 2029. The major factors driving the market growth of the wearable technology  market include increasing growth prospects of next-generation displays in wearable devices

• Published: October 2024

Top Companies in Biosimulation Market - Certara USA. (US), Simulations Plus. (US) and Dassault Systèmes (France) are the Leading Players

The biosimulation market is projected to reach USD 9.18 billion by 2029 from USD 4.24 billion in 2024, at a CAGR of 16.7% from 2024 to 2029. The major factors driving the growth of the biosimulation market include the high rate of clinical trial failures, the growing necessity of being able to predict drug pharmacokinetics and pharmacodynamics, as well as toxicity management. According to a research article published by the National Library of Medicine in February 2022, the drug discovery and development process takes about 10-15 years for a new drug to be approved for clinical use. And 90% of the drug candidates fail during the phases I, II, and III of clinical trials and drug approvals. The possible reasons stated for the failure include lack of clinical efficacy, unmanageable toxicity, poor drug-like properties, lack of commercial needs, and poor strategic planning. The use of biosimulation helps address these challenges to increase the chances of drug approval and facilitate swift trial processes.

• Published: October 2024

Top Companies in Artificial Intelligence in Retail - Microsoft (US) and Google (US)

Artificial intelligence in retail market is estimated to grow from USD 31.12 billion in 2024 to USD 164.74 billion by 2030 at a CAGR of 32.0% during the forecast period. The growing dependence on data-driven strategies is transforming retail operations, enabling retail businesses to enhance customer experience by means of extremely personalized recommendations and targeted marketing campaigns. The adoption of AI solutions in retail is being driven by the need for real-time analytics for optimized inventory management, streamlining supply chain operations, and improving customer engagement across channels. Retailers seek to leverage advanced technologies for operational efficiency and competitive advantage; the focus on AI-driven tools for predictive analytics, automated decision-making, and customer insights is slated to grow further as consumption increases.

• Published: October 2024

Top Companies in Advanced Visualization Market - Siemens Healthineers AG (Germany) and Stryker (US) are the Leading Players

The global advanced visualization market is forecasted to reach USD 6.55 billion by 2029 from USD 3.78 billion in 2024, at a CAGR of 11.7% during the forecast period. The market growth is primarily driven by the growing geriatric population and subsequent increase in the chronic diseases such as heart disease, stroke, diabetes, and cancer. Moreover, technological advancements in advanced visualization solutions leveraging AI, ML, augmented reality & virtual reality, cloud computing, and other sophisticated technologies is driving the market growth to a large extent. Companies are updating their product portfolio to incorporate these technologies into their offerings. For instance, Canon medical corporation, Agfa, Fujifilm Corporation, and many more have upgraded their advanced visualization capabilities with artificial intelligence to boost their scan time & improve image quality. However, the resistance to change, and high setup & operational costs are expected to restrain the market growth to a certain extent.

• Published: October 2024

Steam Trap Companies - Spirax Group plc (UK) and Emerson Electric Co. (US) are the Key Players

The global steam trap market is expected to be USD 4.57 billion in 2024 and is projected to reach USD 5.57 billion by 2029; it is expected to register a CAGR of 4.1% during the forecast period. The rising demand for energy-efficient steam systems, coupled with the increasing trend of automation in steam systems are attributed to the ever-increasing demand for steam traps. 

• Published: October 2024

Post-consumer Recycled Plastics Companies: Veolia (France) and Suez SA (France) are Leading Players in the Post-Consumer Recycled Plastics Market

The post-consumer recycled plastics market size is projected to grow from USD 73.35 billion in 2024 to USD 125.34 billion by 2029, at a CAGR of 11.3%. The demand for post-consumer recycled (PCR) plastics is expected to experience significant growth during the forecast period, driven by increasing global awareness of sustainability and environmental responsibility. Governments and regulatory bodies worldwide are imposing stricter regulations on plastic waste management and encouraging the use of recycled materials in manufacturing processes. This, in turn, has led to a surge in demand for PCR plastics across various industries, including packaging, automotive, and consumer goods, as companies aim to meet sustainability goals and reduce their carbon footprint. With such initiatives, companies are trying to lead towards creating a circular economy.

• Published: October 2024

FSO & VLC / Li-Fi Companies -Signify Holding (Netherlands) and Acuity Brands, Inc. (US) are the Key Players

The FSO & VLC/Li-Fi market was valued at USD 2.78 billion in 2024 and is projected to reach USD 7.39 billion by 2029, growing at a CAGR of 21.6% from 2024 to 2029.

• Published: October 2024

Recycled Terephthalic Acid Companies: Market Leaders in Recycled Terephthalic Acid Market

The Recycled terephthalic acid (rTPA) market size is projected to grow from USD 2.34 billion in 2024 to USD 2.90 billion by 2029, registering a CAGR of 4.4% during the forecast period. Some of the factors that contribute to the growth of the market of rTPA are rising environmental awareness, increased regulations, and also changing consumer preferences. Apart from this, increasing concern for plastic pollution in the world is shifting the focus of industries toward sustainability, and consequently, demand for recycled products like rTPA is gradually increasing over time. Tighter plastic waste management regulations by most governments compel manufacturers to utilize recycled products such as rTPA due to compliance with sustainability goals. The shift towards a resource-efficient circular economy is another aspect that again enhances the appeal of rTPA. In addition, industries such as textiles, packaging, and automotive require eco-friendly materials to be incorporated in their products to fulfill the demands of consumers for more environmentally friendly products.

• Published: October 2024

Top Companies in AI in Finance Industry - include FIS (US), Fiserv (US), Google (US), Microsoft (US) and Zoho (India)

The global AI in Finance market is projected to register a CAGR of 30.6% during the forecast period, reaching USD 190.33 billion by 2030 from an estimated USD 38.36 billion in 2024. AI is significantly contributing to risk management and fraud detection, helping financial institutions identify anomalies, prevent cyber threats, and enhance regulatory compliance. AI risk management models assess market volatility, credit risks, and liquidity risks in real-time, allowing firms to proactively adjust their strategies. Additionally, AI fraud detection systems leverage deep learning and behavioural analytics to recognize suspicious activities and detect fraudulent transactions, significantly reducing financial crime. In lending, AI-powered credit scoring is improving access to financial services by analysing alternative data sources such as transaction history, digital behaviour, and social signals, making lending decisions more inclusive and data-driven.

The increasing reliance on AI financial forecasting is reshaping investment strategies, allowing firms to analyse real-time market trends, historical data, and macroeconomic indicators to make accurate predictions. Algorithmic trading, powered by AI, is optimizing high-frequency trading strategies by executing trades at speeds and efficiencies beyond human capability. At the same time, AI-driven robo-advisors are democratizing wealth management by providing personalized investment advice based on users' financial goals and risk tolerance. These advancements are accelerating the adoption of AI across financial institutions, enhancing decision-making and portfolio performance.

• Published: October 2024

Top Companies in Electric Scooter Motor Industry - Robert Bosch GmbH (Germany), QS Motor (China), Lucas TVS (India), Ola Electric Mobility Pvt. Ltd. (India) and MAHLE GmbH (Germany)

The electric scooter motor market is going to be about USD 416.0 million by 2024 and USD 1,201.2 million by 2030, with a CAGR of about 19.3%. The global electric scooter motor market is poised for significant growth, fueled by a confluence of factors. The rapid urbanization, rising environmental awareness, and government initiatives are fueling significant demand for electric scooter motors. Countries like China, India, and Japan are leading the charge, with local manufacturers and international players alike investing in innovative motor technologies to cater to the growing consumer base. European countries such as Germany, France, and the Netherlands are implementing policies that encourage the adoption of electric two-wheelers which in turn drives the market for electric scooter motor in Europe region. The presence of major automotive manufacturers and technology companies investing in electric scooter motor development such as Linear Labs (US) and Enedym (Canada), are driving innovation and market growth. Additionally, innovation continues to play a crucial role. Manufacturers are heavily invested in sresearch and development (R&D) aimed at improving motor technology. This translates to extended range, faster and lower costs. Efforts are also underway to find alternative materials for manufacturing electric two-wheelers motor, ultimately driving down production costs and making these motor more price-competitive with their gasoline counterparts.

• Published: October 2024

Surface Radars Companies - RTX (US) and BAE Systems (UK) are the Key Players

The surface radars market is projected to reach USD 22.49 billion by 2029, from USD 17.26 billion in 2024, at a CAGR of 5.4%. The volume of surface radars is projected to grow from 4690 (in Units) in 2024 to 6113 (in Units) by 2029. Many countries are allocating larger portions of their defense budgets to radar systems due to the rising demand for border security, early warning systems, and coastal surveillance. This is particularly evident in regions like North America, Europe, and Asia-Pacific.

• Published: October 2024

UV Curable Resins Companies: Alberdingk Boley GmbH (Germany) and Covestro AG (Germany) are Leading Players in the UV-Curable Resins Market

The UV-curable resins market is projected to grow from USD 6.48 billion in 2024 to USD 9.31 billion by 2029, at a CAGR of 7.5% during the forecast period.

• Published: October 2024

Neuromorphic Computing Companies - Intel Corporation (US) and IBM (US) are the Key Players

The global neuromorphic computing market is expected to be valued at USD 28.5 million in 2024 and is projected to reach USD 1,325.2 million by 2030 and grow at a CAGR of 89.7% from 2024 to 2030.  Intel Corporation (US), IBM (US), Qualcomm Technologies, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), and Sony Corporation (Japan) are the major players in the neuromorphic computing market. Market participants have become more varied with their offerings, expanding their global reach through strategic growth approaches like launching new products, collaborations, establishing alliances, and forging partnerships.

• Published: October 2024

Biodegradable Plastics Companies: Market Leaders in Biodegradable Plastics Market

The biodegradable plastics market size is projected to grow from USD 12.92 billion in 2024 to USD 33.52 billion by 2029, registering a CAGR of 21.3% during the forecast period. The global demand for biodegradable plastics is on the rise due to expanding applications in end use industries, particularly in emerging economies. Moreover, the escalating use of biodegradable plastics in end use industries like packaging, consumer goods, textiles, agriculture & horticulture and others increases the need for biodegradable plastics.

• Published: October 2024

Top Companies in Microencapsulation Industry - BASF (Germany), FrieslandCampina (Netherlands) and International Flavors & Fragrances Inc. (US)

The microencapsulation market is estimated at USD 15.38 billion in 2024 and is projected to reach USD 24.07 billion by 2029, at a CAGR of 9.4% from 2024 to 2029. This microencapsulation market is growing because of its significant role in raising the performance of goods across industries, such as pharmaceuticals, foods, and agriculture. More importantly, within the pharmaceutical industry, microencapsulation has the capacity for controlled delivery of drugs so that the efficacy of drugs would be improved and side effects reduced by virtually advanced treatments. Likewise, in the food sector, it protects against sensitive ingredients, such as probiotics and vitamins, from degradation, providing longer shelf life and controlled release. The use of microencapsulation in agriculture fosters the enhancement of fertilizer and pesticide efficacy by gradual release of active compounds into the environment, decreasing environmental impact and at the same time ensuring a higher crop yield. These targeted applications are thus contributing to the growth in the market since businesses seek better product formulations.

• Published: October 2024

Level Sensor Companies - ABB (Switzerland) and AMETEK (US) are the Key Players

The global level sensor market is expected to rise to USD 7.64 billion by 2029 from USD 5.56 billion in 2024, exhibiting a CAGR of 6.5%. This growth is mainly driven by the increased adoption of automation across various industries, like manufacturing, oil and gas, and food and beverage, in which the measurement of the level at precise points ensures efficiency and safety. Technological advancements, such as the development of smart sensors with IoT capabilities, improve the function and reliability of level sensors, monitoring and analyzing the system in real-time. Moreover, some of the favorable government policies related to industrial automation and regulations regarding safety will further boost market adoption rates.

• Published: October 2024

Top Companies in Pharmaceutical Drying Equipment Market - GEA Group (Germany) and ATS Corporation (US) are the Leading Players

The pharmaceutical drying equipment market is projected to reach USD 8.18 billion by 2029 from USD 5.80 Billion in 2024, at a CAGR 7.1% from 2024 to 2029.

• Published: October 2024

Top Companies in AI Training Dataset - Google (US), Appen (Australia), Scale AI (US), IBM (US) and AWS (US)

The global market for AI training datasets is projected to grow at a compound annual growth rate (CAGR) of 27.7% over the forecast period, expanding from an estimated USD 2.82 billion in 2024 to USD 9.58 billion by 2029. The increasing demand for high-quality AI datasets to support AI model training and machine learning (ML) data development is a major driver of this growth. With AI adoption surging in industries such as healthcare, finance, autonomous systems, and natural language processing (NLP), the need for diverse labeled datasets has intensified. Organizations are investing heavily in data labeling, synthetic data generation, and LLM datasets to enhance model performance. Businesses are leveraging crowdsourcing, automation, and AI-driven annotation tools to curate and structure specialized datasets efficiently. Additionally, the rise of Retrieval-Augmented Generation (RAG) and other AI-powered applications is fueling demand for domain-specific AI datasets. Meanwhile, stringent privacy regulations and ethical AI considerations are shaping responsible data collection practices, ensuring compliance with data protection laws.

• Published: October 2024

Industrial Cybersecurity Companies - IBM (US) and Microsoft (US) are the Key Players

The industrial cybersecurity market is expected to grow from USD 84.54 billion in 2024 to reach USD 135.11 billion by 2029, growing at a CAGR of 9.8% from 2024 to 2029. The growing deployment of AI/Gen AI in cybersecurity solutions such as predictive analysis and AI-driven threat detection, increasing demand from critical infrastructure applications such as healthcare, and significantly rising cybercrime rates across the globe are some of the major factors fueling market expansion.

• Published: October 2024

Coating Additives Companies: Market Leader in Coating Additives Market

In terms of value, the coating additives market is estimated to grow from USD 8.72 billion in 2024 to USD 11.04 billion by 2029, at a CAGR of 4.8%. Coating additives market have grown as the demand for water-borne products is growing, increasing infrastructural projects and urbanization, Growing focus on high-performance additives, increasing need for bio-based additives, and monting demand for corrosion protection. These factors drive the coating additives market. Also, the coating additives manufacturers has opportunity from mounting demand for additives from building & construction sector and growing automotive & aerospace industry. Along with the drivers and opportunities, fluctuations in raw material prices is the major restraint for the market growth.

• Published: October 2024

Rocket and Missile Companies - Lockheed Martin Corporation (US) and RTX (US) are the Key Players

The rocket and missile market is projected to reach USD 85.22 billion by 2029, from USD 62.50 billion in 2024, at a CAGR of 6.4%. The growth of the rockets and missiles market is driven by several factors, including increasing defense programs aimed at enhancing the country security against threats. There is a surge in demand for missiles and rockets due to ongoing conflicts, along with rising global defense expenditure. Additionally, the development of missile defense systems and the nature of warfare contribute to this market expansion, as governments attempt to improve their military capabilities and preparation.

• Published: October 2024

European Smart Home Companies - Johnson Controls Inc. (Ireland) and Honeywell International Inc. (US) are the Key Players

The European smart home market was valued at USD 23.73 billion in 2025 and is projected to reach USD 32.67 billion by 2030; it is expected to register a CAGR of 6.6% during the forecast period. The ongoing shift to urbanization and the emergence of smart cities is in favor of an increase in the adoption of smart home solutions. With growing concerns regarding home security and the increasing demand for renewable energy sources, integrating smart security systems and energy management devices greatly contributes to the high demand for smart home devices in Europe.

• Published: October 2024

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

The global industrial control & factory automation market is expected to be USD  255.88 billion in 2024 to USD 399.12 billion by 2029; it is expected to register a CAGR of 9.3% during the forecast period. Increased adoption of IoT and AI in industrial environments, Growing Focus on Operational Efficiency and Productivity, Growing demand for smart sensors in various industries to gain real-time insights are attributed to the ever-increasing demand for industrial control & factory automation systems. 

• Published: October 2024

Smart Home Market Research Report: 2024 Overview

Executive Summary

The Smart Home Market is rapidly evolving, driven by the growing adoption of connected devices and automation technologies for convenience, security, and energy management. This report provides a detailed analysis of the Smart Home market, including its size, growth trends, key players, market segmentation, and technological landscape, with a forecast period extending to 2029.

• Published: October 2024

Smart Glasses Market Research Report: 2024 Overview

Executive Summary

The Smart Glasses Market is gaining momentum as consumer demand for hands-free, immersive, and connected experiences grows. This report provides a comprehensive analysis of the Smart Glasses market, including market size, share, growth trends, key players, and technological innovations, with a forecast extending to 2029.

• Published: October 2024

Immersive VR Market Research Report: 2024 Overview

Executive Summary

The Immersive VR (Virtual Reality) market is growing rapidly as VR technologies expand beyond gaming into sectors such as healthcare, education, training, and entertainment. This report explores the market landscape, covering key technologies, growth drivers, regional analysis, and emerging trends from 2024 to 2029.

• Published: October 2024

Black Mass Recycling Companies: Contemporary Amperex Technology Co., Limited (Brunp Recycling) (China) and Cirba Solutions (US) are Leading Players in the Black Mass Recycling Market

The global black mass recycling market is projected to grow from USD 14.41 billion in 2024 to USD 51.70 billion by 2032, at a CAGR of 17.3% during the forecast period. One major factor propelling the growth of the black mass recycling market is the rising demand for electric cars, or EVs. The manufacturing and disposal of lithium-ion batteries, which are essential parts of electric vehicles, are increasing along with the global use of EVs. Black mass recycling can be used to recover precious materials from these batteries, including manganese, cobalt, nickel, and lithium. In order to meet the growing demand for EV batteries while lowering reliance on newly mined raw materials, recycling these materials is crucial given the growing push for resource efficiency and sustainable energy solutions. Furthermore, governments and manufacturers are putting more and more effort into developing closed-loop supply chains, which minimize production costs and the environmental impact of battery production by reusing battery components. The amount of end-of-life batteries will increase as the EV market grows, which will increase need for black mass recycling procedures to recover essential elements and assist the EV industry's expansion. It is anticipated that this dynamic will play a major role in the battery industry's circular economy's expansion.

• Published: October 2024