Research Insight

Jabil Inc. (US) and Celestica Inc. (Canada) are Leading Players in the Diagnostic Contract Manufacturing Market

The global diagnostic contract manufacturing market is expected to reach USD 44.9  billion by 2028 from USD 26.0 billion in 2023, at a CAGR of 11.5% during the forecast period. Factors such as the increasing demand for early diagnosis, and widening scope of clinical applications, and the high cost of in-house manufacturing are expected to drive the demand for diagnostic contract manufacturing market. For instance, the cost of hematology analyzers by Sysmex ranges from ~USD 5,000 to USD 100,000, and that of Siemens may reach up to USD 500,000. However, the cost of manufacturing hematology analyzers in a CMO ranges from ~USD 3,000 to ~USD 70,000, which reduces the overall cost and ensures profit margins for large IVD companies.

• Published: April 2024

3D Printed Satellite Companies - Maxar Space Systems (US) and Boeing (US) are the Key Players

The 3D printed satellite market is projected to grow from USD 112 million in 2024 to USD 487 million by 2030, at a CAGR of 27.7% from 2024 to 2030. creates components directly from a digital construction plan. 3D printing bridges the gap between prototyping and mass production and is suitable for low-volume production. For certain products required in limited piece counts (say 5,000 units), conventional mass production with its costly molds and large plants is too expensive. Conventional manufacturing is cost-effective only for mass production (say above 10,000 units) owing to the high cost of the mold and infrastructure required. The minimum piece count required for conventional manufacturing to offer cost advantages depends on the size and complexity of the part to be produced, and the overall cost of the mold.

• Published: April 2024

Foremost Companies in the Biometrics As a Service in Healthcare Market: NEC Corporation (Japan) and Fujitsu Limited (Japan)

The global biometrics as a service in the healthcare market is projected to reach USD 1.1 billion by 2028 from USD 0.4 billion in 2023, at a CAGR of 20.7% during the forecast period. In the rapidly evolving healthcare landscape, where the digitization of patient data is transforming the industry, concerns over the security and privacy of electronic health records (EHRs) and sensitive medical information have reached unprecedented levels. Heightened by a surge in cyber threats and data breaches, these concerns have driven the widespread adoption of biometric solutions within healthcare systems. The incorporation of biometric systems within healthcare, although holding the potential for heightened security and operational efficiency, frequently poses a formidable financial obstacle. The multifaceted nature of this expense, which includes hardware acquisition, software development, and integration costs, renders it capital-intensive. This financial burden, especially burdensome for smaller healthcare facilities, may act as a significant deterrent, potentially hindering the broader market growth of biometric solutions in healthcare.

• Published: April 2024

FEP Heat Shrink Medical Tubing Companies - 3M (US) and Scapa Group Ltd (UK) are Leading Players in the FEP Heat Shrink Medical Tubing Market

The market size of FEP heat shrink medical tubing is estimated to be USD 145 million in 2024, and it is projected to reach USD 208 million by 2029 at a CAGR of 7.4%. The global FEP heat shrink medical tubing industry is undergoing significant growth, driven by its wide range applications. Most manufacturers in this market are based in North America and Asia Pacific.  Zeus Company LLC (US), TE Connectivity Limited (Switzerland), Parker-Hannifin Corporation (US), Teleflex Incorporated (US), and Junkosha Inc. (Japan) are among the leading players operating in the FEP heat shrink medical tubing market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisition activities further to expand their presence in the FEP heat shrink medical tubing market.

• Published: April 2024

Electronic Warfare Companies - BAE Systems (UK) and Raytheon Technologies Corporation (US) are the Key Players

The Electronic Warfare Market Size is valued at USD 10.8 billion in 2023 and is projected to reach USD 19.4 billion by 2028, at a CAGR of 12.5 % from 2023 to 2028. Electronic warfare encompasses a diverse array of military tactics involving the manipulation of electromagnetic energy to exploit, deceive, or target adversary forces. This strategic discipline is centered on harnessing the electromagnetic spectrum to secure tactical advantages in combat scenarios. Its primary objective is to disrupt or incapacitate enemy communication networks, radar systems, and electronic equipment through the application of a wide range of technologies and methodologies. Key players in the EW market include leading defense contractors such as BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK) etc.These companies leverage their expertise in sensor technology, signal processing, and cyber defense to develop advanced EW solutions tailored to meet the evolving needs of military and government customers.

• Published: April 2024

Industrial Networking Solutions Market Size & Share - Future Growth Predictions

The Industrial Networking Solutions Market size is projected to grow from USD 29.2 billion in 2023 to USD 73.3 billion by 2028, at a CAGR of 20.2% during the forecast period. The shift towards Industry 4.0 and brilliant production is a significant driver of industrial networking solutions. Manufacturers increasingly use automation, IoT (Internet of Things), and data analytics to boost efficiency and productivity.

• Published: April 2024

Video on Demand Industry - Forthcoming Trends to Fuel the Global Growth

The global global Video on Demand (VoD) market will grow from USD 146.6 billion in 2023 to USD 270.3 billion by 2028 at a compounded annual growth rate (CAGR) of 13.0% during the forecast period.

• Published: April 2024

Key Growth Factors Driving the Video on Demand (VoD) Market

The global global VoD market will grow from USD 146.6 billion in 2023 to USD 270.3 billion by 2028 at a compounded annual growth rate (CAGR) of 13.0% during the forecast period.

• Published: April 2024

Managed SIEM Services Industry - Key Trends Driving Global Growth

The global Managed SIEM Services Market is estimated to be worth USD 7.5 billion in 2023 and is projected to reach USD 16.0 billion by 2028, at a CAGR of 16.3% during the forecast period. The managed SIEM services market is driven by the escalating sophistication and diversity of cyber threats and the increasing complexity of IT environments within organizations

• Published: April 2024

Managed SIEM Services Market Size & Share - Future Growth Expectations

The global Managed SIEM Services Market is estimated to be worth USD 7.5 billion in 2023 and is projected to reach USD 16.0 billion by 2028, at a CAGR of 16.3% during the forecast period. The managed SIEM services market is driven by the escalating sophistication and diversity of cyber threats and the increasing complexity of IT environments within organizations.

• Published: April 2024

Emerging Trends in the Global Facial Recognition Market

The global facial recognition market is estimated to be worth USD 6.3 billion in 2023 and is projected to reach USD 13.4 billion by 2028, at a CAGR of 16.3% during the forecast period. The driving force behind the widespread adoption of facial recognition technology is its significant role in integrating facial recognition into mobile devices for authentication and security.

• Published: April 2024

Playout Automation & Channel-in-a-Box Market Size & Share - Key Growth Factors

The global playout automation & channel-in-a-box market is projected to register a CAGR of 15.8% during the forecast period, reaching USD 6.1 billion by 2028 from an estimated USD 2.9 billion in 2023. Major factors to boost the market growth include the escalating demand for video content across various industries, increase in demand for OTT services, increasing engagement in HD and UHD content consumption and proliferation of live broadcasting at an accelerated pace.

• Published: April 2024

Social Media Analytics Industry - Forthcoming Trends to Fuel the Global Growth

The global market for Social Media Analytics is projected to grow from USD  4.8 billion in 2023 to USD 14.6 billion by 2028, at a CAGR of 24.9% during the forecast period. The social media analytics market is evolving rapidly with a focus on extracting actionable insights from the vast sea of digital data. Businesses are using advanced tools and solutions for comprehensive social media data analytics, providing real-time metrics and performance dashboards. With an emphasis on user engagement analytics and predictive analysis, companies make informed decisions based on data-driven insights. Social media listening tools enable organizations to monitor and respond to online sentiments effectively. The market also emphasizes customizable analytics solutions, allowing businesses to tailor their reporting to specific needs. Automation plays a key role, in simplifying the process of gathering and analyzing cross-platform data.

• Published: April 2024

Top Companies in Nurse Call Systems Market - Ametek, Inc. (US) and Baxter International, Inc. (US) are the Leading Players

The nurse call systems market is valued at an estimated USD 2.5 billion in 2024 and is projected to reach USD 4.0 billion by 2029 at a CAGR of 10.2% during the forecast period. In recent times, the nurse call systems market is witnessing notable expansion, driven by the convenience of communication and the diverse range of applications they provide. Furthermore, continuous technological advancements are key in fueling innovation within nurse call systems, thereby improving their functionality and effectiveness. These systems streamline communication between patients and healthcare providers, but they also enhance patient outcomes and overall operational efficiency in healthcare facilities.

• Published: April 2024

Top Companies in Marine Engines Industry - Caterpillar (US) and Wärtsilä (Finland)

The global marine engines market is projected to grow from an estimated USD 13.1 billion in 2024 to USD 15.2 billion by 2029, demonstrating a CAGR of 3.0% during this five-year period. Marine engines are internal combustion engines or steam turbines specifically designed to propel and power marine vessels on waterways. They convert various fuel sources like diesel, liquefied natural gas (LNG), or even biofuels into mechanical energy to drive the ship's propeller for propulsion and generate electricity for onboard operations through auxiliary engines. Marine engines are crucial components of the marine transportation sector, influencing factors such as ship efficiency & performance, environmental impact, and vessel type and application. Engine selection significantly impacts a vessel's fuel consumption, speed, and overall operating costs. Emissions regulations are driving the development of cleaner and more efficient marine engines, reducing air and water pollution. Different engines cater to the specific needs of cargo ships, passenger vessels, fishing boats, recreational crafts, and offshore service vessels, varying in power output, fuel efficiency, and reliability requirements. Key players in the marine engines market encompass Caterpillar (US), Man Energy Solutions (Germany), AB Volvo Penta (Sweden), HDHyundai Heavy Industries Co., Ltd. (South Korea), Rolls-Royce Plc (England), Wärtsilä (Finland), Mitsubishi Heavy Industries, Ltd. (Japan), Cummins Inc. (US), Daihatsu Diesel Mfg. Co., Ltd. (Japan), and Deutz AG (Germany).

• Published: April 2024

Traffic Management Market Size & Share: Comprehensive Analysis and Insights

The Traffic Management Market is expected to grow from USD 42.3 billion in 2023 to USD 72.5 billion by 2028, at a CAGR of 11.4% over the forecast period.

Drivers and passengers are increasingly seeking real-time traffic information in order to make informed decisions about their travel routes. This demand is driving the development and deployment of advanced traffic management systems that use data from sensors, cameras, and other sources to provide real-time traffic updates.

• Published: April 2024

Software-Defined Networking Market Size and Share: Comprehensive Analysis and Insights

The Software-Defined Networking Market size is expected to grow from USD 24.5 billion in 2023 to USD 60.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 19.7% over the forecast period.

Global competition has accelerated the use of cost-effective measures to restructure business models. Network virtualization and automation can lower network costs for enterprises by reducing the need for expensive hardware and the human resource costs associated with network management.

• Published: April 2024

Data Loss Prevention Market Trends to Watch : Unlocking the Future

The Data Loss Prevention Market is expected to grow from USD 3.4 billion in 2023 to USD 8.9 billion by 2028, at a CAGR of 21.2% over the forecast period.

The high rate of Internet penetration and increasing reliance on it for communication has piqued the interest of criminals and hackers. As a result, the number of data breaches has increased dramatically. To mitigate these risks, DLP vendors have begun to offer DLP as part of a broader portfolio of products. The DLP market is therefore expected to grow significantly in the coming years.

• Published: April 2024

OTT Industry - Forthcoming Trends to Fuel the Global Growth

The global Over-The-Top (OTT) market is expected to grow from USD 202.5 billion in 2022 to USD 434.5 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 16.5% over the forecast period.

• Published: April 2024

Over the Top (OTT) Market Size and Share: Comprehensive Analysis and Insights

The global Over-The-Top (OTT) Market is expected to grow from USD 202.5 billion in 2022 to USD 434.5 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 16.5% over the forecast period.

• Published: April 2024

Top Companies in Kombucha Industry - GT's Living Foods (US), Brew Dr. (US) and Tropicana Brands Group (US)

The kombucha market is estimated at USD 2.4 billion in 2024 and is projected to reach USD 5.9 billion by 2029, at a CAGR of 19.4 % from 2024 to 2029.

• Published: April 2024

Fire Resistant Tapes Companies - 3M (US) and Scapa Group Ltd (UK) are Leading Players in the Fire Resistant Tapes Market

The global fire resistant tapes market size was valued at approximately USD 0.8 billion in 2023 and is expected to reach to reach USD 1.1 billion by 2028, projecting a CAGR of 6.0% during the forecast period between 2023 and 2028. Fire-resistant tapes are specialized adhesive tapes designed to provide protection against fire hazards. They are made from materials that can withstand high temperatures and resist the spread of fire. Flame resistant materials are inherently resistant to catching fire and self-extinguish rapidly. Examples include acetate cloth, Nomex etc. Fire resistant tape offers insulation and fire resistance. They can withstand high temperatures and resist ignition, making them ideal for use in environments where fire safety is critical. These tapes are designed to be durable and long-lasting, ensuring that they can withstand the rigors of their intended applications without degrading or failing. They are available in two coating types single coated and double coated. Fire resistant tapes are used in several end-use industries, including building & construction, Electrical & Electronics, automotive, aerospace & defense and others.

• Published: April 2024

Navigating the Evolving Landscape: Trends in API Security Industry

The global API Security Market size is projected to grow from USD 744 million in 2023 to USD 3,034 million by 2028 at a Compound Annual Growth Rate (CAGR) of 32.5% during the forecast period.

The market for API security is expanding as a result of an increase in API-related security breaches. Strong API security measures are in high demand as a result of this trend in order to safeguard integrations and applications and effectively counteract changing hazards. The widespread adoption of API security solutions has been significantly influenced by the vital role that APIs play in facilitating smooth communication and data sharing among application ecosystems. Because APIs are so widely used and provide access to important data, hackers are increasingly focusing on them, which is supporting the market growth for API security.

• Published: April 2024

Composite AI Market Trends 2024: Insights and Forecasts

At a compound annual growth rate (CAGR) of 36.5%, the composite artificial intelligence market is projected to increase from USD 0.9 billion in 2023 to USD 4.4 billion by 2028.

Advances in AI technology, such as deep learning and natural language processing, have made it easier to design and combine different AI models to create composite AI.

• Published: April 2024

Top Companies in Mass Notification System - Honeywell (US), Eaton (Ireland)

The global market for Mass Notification System is projected to grow from USD 23.8 billion in 2024 to USD 65.1 billion by 2029, at a CAGR of 22.3% during the forecast period. A mass notification system serves as an essential solution for efficiently disseminating crucial information to a diverse audience. Applied in scenarios spanning emergencies, disasters, and routine updates, these systems employ a variety of communication channels, including text messages, emails, voice calls, and social media platforms, to ensure expedited and precise message transmission. By promptly reaching a substantial number of recipients, mass notification systems bolster safety measures, facilitate swift response coordination, and enhance overall awareness levels. Its versatility and seamless integration with contemporary technological frameworks establish them as indispensable instruments for entities such as organizations, communities, and institutions striving for effective communication in an increasingly interconnected global environment.

• Published: April 2024

Top Companies in Rapid Microbiology Testing Market - Becton, Dickinson and Company (US) and bioMérieux SA (France) are the Leading Players

The rapid microbiology testing market is valued at an estimated USD 5.2 billion in 2024 and is projected to reach USD 8.3 billion by 2029 at a CAGR of 10.1% during the forecast period. In recent times, the rapid microbiology testing market is experiencing an exponential growth due to the rising prevalence of infectious diseases, advancements in technology, and a stronger emphasis on early infectious disease detection.

• Published: April 2024

Model Based Enterprise Companies - Siemens (Germany) and PTC (US) are the Key Players

The global model based enterprise market size is expected to grow from USD 13.6 billion in 2024 to USD 27.1 billion by 2029, at a CAGR of 14.9% from 2024 to 2029. Digitization is necessary for the growth of the manufacturing industry to increase productivity and improve quality. Various companies are optimizing their supply chain functions, shortening their product development cycles, increasing efficiencies, and reducing production costs by adopting digital solutions such as injection molding, computer numerical control (CNC) machining, 3D printing, the Industrial Internet of Things (IIoT), and artificial intelligence (AI).

• Published: April 2024

Rail Composites Companies - Gurit Holdings AG (Switzerland) and Hexcel Corporation (US) are Leading players in the Rail Composites Market

The rail composites market is projected to grow from USD 1.7 billion in 2023 to USD 2.4 billion by 2028, at a CAGR of 7.2% during the forecast period. The rail composites market is showing significant growth due to its increasing penetration and growing demand from various rail applications, such as interior components, exterior components, structural components and many other applications. Asia Pacific, Europe and North America are the major markets for rail composites.

• Published: March 2024

Top Companies in Predictive Maintenance - ABB (Switzerland), Schneider Electric (France) and Software AG (Germany)

The predictive maintenance market is expected to grow from USD 10.6  billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1%  during the forecast period. The predictive maintenance market is propelled by several factors, including the rising adoption of emerging technologies for gaining valuable insights, the introduction of machine learning and artificial intelligence, and the increasing emphasis on minimizing maintenance costs, equipment failures, and downtime.

• Published: March 2024

Automotive Fabrics Companies - Market Leader in Automotive Fabrics Market

In terms of value, the automotive fabrics market is estimated to grow from USD 40.5 billion in 2024 to USD 51.4 billion by 2029, at a CAGR of 4.9%. Automotive fabric market have grown as the demand from applications such as airbags, upholstery, tires and floor coverings is mounted immensely due to large production of vehicles especially passenger cars worldwide.

• Published: March 2024

Foremost Companies in the IR Spectroscopy Market: Shimadzu Corporation (Japan) and ZEISS (Germany)

The global IR spectroscopy market was valued at USD 1.2 billion in 2024 and is projected to reach USD 1.6 billion by 2029; it is expected to register a CAGR of 6.5% during the forecast period. Increase in R&D investments in healthcare and pharmaceuticals industry and continuous technological advancements in IR spectroscopy are attributed to the ever-increasing demand for IR spectroscopy system.

• Published: March 2024

Top Companies in Americas Cables Industry - Prysmian Group (Italy), Southwire Company, LLC (US), Nexans (France), LS Cable & System Ltd (South Korea) and NKT a/s (Denmark)

The Americas Cables market is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period. The rising need for energy, improvements in infrastructure, and the expansion of renewable energy projects are driving growth in the cables market in North America. Different forms of insulation, which improve cable performance and longevity, such as XLPE (Cross-linked Polyethylene), EPR (Ethylene Propylene Rubber), EPDM (Ethylene Propylene Diene Monomer), and HPER (High-Performance Ethylene Rubber), assist the growth. The growing business is also being aided by low voltage cables, which are frequently utilized in both the commercial and residential sectors. In order to fulfill the region's growing energy needs and ensure efficiency and dependability in power distribution and communication networks, technological breakthroughs in cable insulation are essential.

• Published: March 2024

Palletizer Companies - KION GROUP AG (Germany) and FANUC CORPORATION (Japan) are the Key Players

The Palletizer market is estimated to be worth USD 3.2 billion in 2024 and is projected to reach USD 4.1 billion by 2029 at a CAGR of 5.2% during the forecast period. The market growth for palletizer is attributed to the rising demand for palletizers in e-commerce industry. The major players in the palletizer market with a significant global presence are KION GROUP AG (Germany), FANUC CORPORATION (Japan), KUKA AG (Germany), Honeywell International Inc. (US), Krones AG (Germany), ABB (Switzerland). The market players have adopted various strategies, including the advancement of products, collaborative partnerships, contractual agreements, business expansions, and acquisitions, all aimed at fortifying their market standing. These comprehensive strategies, both organic and inorganic, have facilitated the global expansion of market players through the provision of sophisticated palletizers.

• Published: March 2024

Top Companies in Retail Analytics - Microsoft (US), IBM (US), SAP (Germany) and Oracle (US)

The global retail analytics market is projected to register a CAGR of 24.0% during the forecast period, reaching USD 25.0 billion by 2029 from an estimated USD 8.5 billion in 2024.

Major factors to boost the market growth include the exponential growth of e-commerce platforms, proliferation of data generated through diverse channels, and increasing adoption of omni-channel retail strategies.

• Published: March 2024

PLGA Companies - Evonik (Germany) and Corbion NV (Netherlands) are Leading Players in the PLGA Market

The PLGA market is projected to reach USD 321 million by 2030, at a CAGR of 16.6% from USD 125 million in 2024. The market growth is driven by influencing factors such as government initiatives and regulations and exceptional biodegradability and biocompatibility nature.

• Published: March 2024

Non-dispersive Infrared (NDIR) Companies - Amphenol Corporation (US) and Honeywell International Inc (US) are the Key Players

The global NDIR market is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029; it is anticipated to grow at a CAGR of 7.2% from 2024 to 2029. Market participants have diversified their offerings, extending their global reach through strategic growth approaches like introducing new products and collaborations, establishing alliances, forging partnerships, and expanding their operations.

• Published: March 2024

Top Companies List of Image Recognition Industry - Google (US) and Qualcomm (US) | MarketsandMarkets

The image recognition market is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period, from USD  46.7 billion by 2024 to USD 98.6 billion by 2029. The growing demand for image recognition software for video surveillance, facial recognition, and anomaly detection is expected to drive market growth during the forecast period.

• Published: March 2024

Top Companies in Yeast Industry - Associated British Foods plc (UK), AngelYeast Co., Ltd (China) and Lallemand Inc. (Canada)

The yeast market is estimated at USD 5.5 billion in 2024 and poised to achieve an 8.9% CAGR, reaching USD 8.5 billion by 2029, and is experiencing transformative shifts and innovations. The yeast market represents a dynamic and diverse sector within the food & beverages & feed industry, encompassing products like baker’s yeast, brewer’s yeast, probiotic yeast, and wine yeast. In recent times, there has been a consistent surge in the demand for yeast, driven by various factors, and this upward trajectory appears to continue.

• Published: March 2024

Top Companies List of Enterprise Video Industry - Microsoft (US) and Google (US) | MarketsandMarkets

The Enterprise video market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 8.6% from USD 23.8 billion in 2024 to USD 35.8 billion in 2029 throughout the forecast period.

An urge to shift from on-premises deployment to cloud-based solutions, strict adherence and compliance to regulatory authorities and government-led reporting standards across verticals and regions, demand for user experience centricity on priority across verticals, organizations, and regions globally, digitalization, and automation are expected to drive the growth of the global Enterprise video market.

Major Enterprise Video Companies Include:

• Microsoft (US)
• Zoom (US)
• Google (US)
• IBM (US)
• Avaya (US)

• Published: March 2024

Core Materials Companies - Gurit Holdings AG (Switzerland), Hexcel Corporation (US) are Leading Players in the Core Materials Market

The market for core materials is likely to grow significantly over the next years, rising from USD 1.6 billion in 2023 to USD 3.0 billion by 2028. Over the course of the projection period, this growth is anticipated to occur at a compound annual growth rate (CAGR) of 13.5%. Numerous industries, including wind energy, maritime, automotive & transportation, aerospace & military, construction, and industrial areas, use core materials. The core materials business is quickly advancing thanks to strong end-user demand. Materials or substances utilized as the interior or central part of a building or product are known as core materials. These materials frequently serve as insulation, structural support, or in other specialized capacities. Core materials might vary based on the particular use, but some common core materials are foams, honeycomb, and balsa wood.

• Published: March 2024

Yeast Market Size & Share - Industry Growth Predictions

The global yeast market size is on a trajectory of significant expansion, projected to reach USD 8.5 billion by 2029 from the 2024 valuation of USD 5.5 billion, displaying a promising CAGR of 8.9%.

• Published: March 2024

Yeast Industry – Upcoming Growth Trends in the Global Market

The global yeast market is on a trajectory of significant expansion, projected to reach USD 8.5 billion by 2029 from the 2024 valuation of USD 5.5 billion, displaying a promising CAGR of 8.9%.

• Published: March 2024

Cold Chain Industry - Upcoming Growth Trends in the Global Market

The global cold chain market is on a trajectory of significant expansion, with an estimated value projected to reach USD 372.0 billion by 2029 from the 2024 valuation of USD 228.3 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 10.3%.

• Published: March 2024

Cold Chain Market Size & Share - Future Growth Predictions

The global cold chain market size is on a trajectory of significant expansion, with an estimated value projected to reach USD 372.0 billion by 2029 from the 2024 valuation of USD 228.3 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 10.3%.

• Published: March 2024

Top Companies in Cold Chain Industry - Americold Logistics, Inc. (US), Lineage, Inc. (US), and Nichirei Corporation (Japan)

The cold chain market, currently valued at USD 228.3 billion in 2024 and poised to achieve a 10.3% CAGR, reaching USD 372.0 billion by 2029, is experiencing transformative shifts and innovations.  The cold chain involves the storage, transportation, and distribution of perishable products within a specific temperature range to prevent spoilage, contamination, or degradation. The market for cold chain solutions is being significantly driven by evolving consumer preferences, particularly a shift towards convenience and ready-to-cook foods. As urbanization and hectic lifestyles become more prevalent, consumers are increasingly seeking out convenient meal solutions that require minimal preparation time without compromising on quality. This shift in demand is propelling the growth of the cold chain market as manufacturers and retailers strive to meet the needs of this segment by offering a wide range of perishable products that are pre-packaged, pre-cooked, or ready-to-eat.

• Published: March 2024

Top Companies in Decision Intelligence - IBM (US), Oracle (US) and Google (US)

The decision intelligence market is expected to grow from USD 13.3 billion in 2024 to USD 50.1 billion in 2030, at a CAGR of 24.7% during the forecast period. The exponential growth of digital data from various sources improvements in Al and machine learning technologies the need for real-time insights for agile decision-making an emphasis on improving customer experiences and industry-specific applications is all driving significant growth in the global decision intelligence market. Businesses across sectors use decision intelligence tools to simplify decision-making processes which improve decision results and gain a competitive advantage and massive datasets for relevant insights. This market trend deepens the growing recognition of data-driven decision-making as a strategic imperative for organizations worldwide.

• Published: March 2024

Semiconductor & IC Packaging Materials Companies - LG Chem Ltd. (South Korea) and Jiangsu ChangJian Technology Co., Ltd. (China) are Leading Players in the Semiconductor & IC packaging materials Market

The semiconductor & IC packaging materials market is projected to reach USD 70.9 billion by 2029, at a CAGR of 10.1% from USD 43.9 billion in 2024. The market growth is driven by increasing demand from consumer electronics industry, growing miniaturization and densification in the electronic sector and adoption of emerging technologies like 5G and autonomous vehicles.

• Published: March 2024

Top Companies in Recloser Industry - NOJA Power Switchgear Pty Ltd (Australia), Schneider Electric (France) and Eaton (Ireland)

The global recloser market is projected to grow from an estimated USD 1.1 billion in 2024 to USD 1.5 billion by 2030, demonstrating a CAGR of 5.0% during this six-year period. A recloser can be defined as an automatic circuit interrupting device  which is used in medium and low voltage distribution networks for power protection and fault isolation. It is a high-voltage electric switch with the unique characteristic of automatically opening and closing in response to a detected fault on the power line. Reclosers employ sensors to detect various fault conditions on the power line, such as short circuits or overcurrents. Upon detecting a fault, the recloser automatically opens the circuit, isolating the faulted section. Reclosers can be programmed with multiple reclose attempts with pre-defined time intervals. The goal is to clear temporary faults while isolating persistent faults. If the fault is temporary and clears after the reclosing sequence, the recloser automatically restores power to the unaffected sections of the line. Key players in the recloser market encompass ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), NOJA Power Switchgear Pty Ltd (Australia), Hubbell (US), S&C Electric company (US), Tavrida Electric (Estonia), and Arteche Group (Spain).

• Published: March 2024

Wireless Testing Companies - SGS Group (Switzerland) and Bureau Veritas (France) are the Key Players

The wireless testing market is projected to grow from USD 22.6 billion in 2024 to USD 34.1 billion by 2029, registering a CAGR of 8.6% during the forecast period. The wireless testing market is growing due to advancements in wireless technology, increasing focus on deployment of 5G network, and rising global adoption of smartphones and smart gadgets. High investments involved in establishing electromagnetic compatibility (EMC) testing facilities, however, is anticipated to limit industry expansion.

• Published: March 2024

Automotive Ceramics Companies - Market Leaders in Automotive Ceramics Market

The automotive ceramics market size is projected to grow from USD 2.4 billion in 2023 to USD 3.2 billion by 2028, registering a CAGR of 5.7% during the forecast period. The automotive ceramics market is propelled due to the increasing emphasis on lightweight materials for improved fuel efficiency and regulatory compliance. Additionally, the increasing acceptance of electric vehicles and advancements in ceramic technologies, which enhance durability and performance, continue to bolster the expansion of the market.

• Published: March 2024