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Single-Use Bioreactors Market worth $10.0 billion by 2028

The report "Single-Use Bioreactors Market by Product (System, Media Bag, Filtration assemblies), Type (Stirred tank, Bubble column), Cell Type (Mammalian, Bacterial, Yeast), Molecule (mAbs, Vaccines), End User (Pharma, Biotech, CROs, CMOs) - Global Forecast to 2028 ", is projected to reach USD 10.0 billion by 2028 from USD 4.2 billion in 2023, at a CAGR of 19.0% during the forecast period of 2023 to 2028. Factors such as the increasing adoption of single-use bioreactors among startups and SMEs, lower operational complexity of single-use bioreactors compared to conventional stainless-steel bioreactors, reduced energy and water consumption, growing size of the biologics and biosimilars market, and technological advancements in single-use bioreactors.

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March 24, 2023

Plasticizers Market worth $22.5 billion in 2027

The report "Plasticizers Market by type (phthalate and Non-phthalate), Application (Floorings & Wall Coverings, Films & Sheets, Coated Fabrics, Wires & Cables, Consumer Goods) and Region (North America, Europe, Middle East and Africa) - Global Forecast to 2027", is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD 17.0 billion in 2022 to USD 22.5 billion in 2027.The flexibility of Plasticizers to be used in various applications is pushing the market. These Plasticizers enable to manufacture eco-friendly products.

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March 24, 2023

Surface Mount Technology (SMT) Industry worth $8.4 billion by 2028

The report "Surface Mount Technology (SMT) Market by Equipment (Placement, Inspection, Soldering, Screen Printing Equipment, Cleaning Equipment, Repair & Rework Equipment), Component, Service, End User and Geography - Global Forecast to 2028" The surface mount technology (SMT) market is projected to grow from USD 5.8 billion in 2023 to reach USD 8.4 billion by 2028; it is expected to grow at a CAGR of 7.8% during the forecast period. Some of the major driving factors for the growth of this market include the increased demand for miniaturized consumer electronics products and the increasing adoption of electric vehicles.

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March 24, 2023

5G IoT Market worth $59.7 billion by 2028

According to a research report "5G IoT Market by Component (Hardware, Platform, Connectivity, and Services), Network Type (5G Standalone and 5G Non-Standalone), Organization Size, Type (Short-range IoT Devices, Wide-range IoT Devices), End Users and Region - Global Forecast to 2028" published by MarketsandMarkets, the global 5G IoT system market size is projected to grow from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period. Heavy IoT investments are driving the growth of the 5G IoT market.

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March 24, 2023

Satellite Launch Vehicle Industry worth $29.1 billion by 2027

The report "Satellite Launch Vehicle Market by Vehicle (Small (<350,000 Kg), Medium to Heavy (>350,000 Kg)), Payload (<500 Kg, 500-2,500 Kg, >2,500 Kg), Orbit, Launch, Stage, Subsystem, Service and Region - Global Forecast to 2027" The Satellite launch vehicle market is estimated to be USD 15.7 billion in 2022 and is projected to reach USD 29.1 billion by 2027, at a CAGR of 13.1% during the forecast period. Increasing space tourism, small satellite constellations, reusable launch vehicles are driving the growth of the satellite launch vehicle market.

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March 24, 2023

Clarifying Agents Market worth $338 million by 2027

The report "Clarifying Agents Market by Form (Powder, Granules, Liquid), Polymer (PP, PE, PET), Application (Packaging, Consumer Products, Electronics) and Region (Europe, North America, Asia Pacific, MEA, SA)- Global Forecast to 2027", is projected to reach USD 338 million by 2027, at a CAGR of 7.5% from USD 235 million in 2022.

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March 23, 2023

Feed Acidulants Market worth $4.7 billion by 2028

According to a research report "Feed Acidulants Market by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, and Equine), Compound, Form and Region - Global Forecast to 2028" published by MarketsandMarkets, the global feed acidulants market is estimated to be valued at USD 3.4 billion in 2023. It is projected to reach USD 4.7 billion by 2028, recording a CAGR of 6.2% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global feed acidulants market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumption of animal-based food, demand for a high protein diet, changing lifestyles, and consumption patterns drive the demand in the feed acidulants market.

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March 23, 2023

Empty Capsules Market worth $4.9 billion by 2028

The report "Empty Capsules Market by Type (Gelatin, Non-gelatin), Functionality (Immediate-release, Sustained-release, Delayed Release), Therapeutic Application, End User (Pharmaceutical, Nutraceutical, Cosmetic, Reference Laboratories) - Global Forecast to 2028",size is projected to reach USD 4.9 billion by 2028 from 3.2 billion in 2023, at a CAGR of 9.3% during the forecast period. Factors such as rising R&D activities in empty capsules and increasing use of nutraceuticals are driving the growth of this market. However, dietary restrictions and cultural practices are the major factors restraining the growth of this market.

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March 23, 2023

GPS Tracking Device Industry worth $5.7 billion in 2028

The report "GPS Tracking Device Market by Type (Standalone Trackers, OBD Devices, Advance Trackers), Deployment (Commercial Vehicles, Cargo and Containers), Communication Technologies (Satellite, Cellular), Industry and Region - Global Forecast to 2028" The GPS tracking device market is projected to grow from USD 3.1 billion in 2023 to USD 5.7 billion in 2028; it is expected to grow at a CAGR of 13.1% from 2023 to 2028. The growth of the market is attributed introduction of more advanced with smaller sizes, greater durability, and functionality. With recent technological advancements, it is possible to develop thumbnail-sized GPS receivers and tiny batteries, which make GPS tracking devices a long-lasting application.

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March 23, 2023

Smart Transportation Market worth $248.7 billion by 2028

According to a research report "Smart Transportation Market by Transportation Mode, Solution (Smart Ticketing, Passenger Information, Freight Information System), Service, Communication Technology, Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the smart transportation market size is projected to grow from USD 122.4 billion in 2023 to USD 248.7 billion by 2028, at a CAGR of 15.2% during the forecast period. Factors such as developments in IoT technology are expected to drive the growth of the smart transportation market. With the ongoing advancements, smart connectivity and control devices are expected to become highly intelligent and self-governing. Increasing adoption of 5G in urban areas is driving the adoption of smart transportation solutions and services.

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March 23, 2023

Critical Infrastructure Protection Market worth $162.5 billion by 2027

According to a research report "Critical Infrastructure Protection Market by Component, Security Type (Physical Safety & Security (Video Surveillance Systems, Screening, and Scanning) and Cybersecurity (Encryption, Threat Intelligence)), Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the global critical infrastructure protection market is projected to grow from an estimated USD 143.0 billion in 2023 to USD 162.5 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 3.3 % from 2023 to 2027. Rising cyberattacks organizations have faced in recent years are one of the factors driving the market growth.

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March 22, 2023

Construction Lubricants Market worth $10.6 billion by 2027

The report "Construction Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil), Type (Hydraulic Fluid, Engine Oil, Gear Oil, ATF, Grease, Compressor Oil), Equipment (Earthmoving, Material Handling, Heavy Construction), and Region - Global Forecast to 2027", is estimated at USD 9.0 billion in 2022 and is projected to reach USD 10.6 billion by 2027, at a CAGR of 3.3% from 2022 to 2027. Factors such as high growth in the construction industry in the Asia Pacific and Middle East & Africa region and growing demand for high-quality lubricants are positively driving the growth of the construction lubricants market. Furthermore, the rise in automation in the construction industry drives market growth.

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March 22, 2023

AI Sensor Industry worth $22.1 billion by 2028

The report "AI Sensor Market with Recession Impact by Sensor Type (Motion, Pressure, Temperature, Optical, Position), Application (Automotive, Consumer Electronics, Manufacturing), Type, Technology (NLP, ML, Computer Vision) and Region - Global Forecast to 2028" The AI sensor market is projected to reach USD 22.1 billion by 2028, from USD 3.0 billion in 2022, at a CAGR of 41.6%. Key factors driving the growth of the AI sensor market include the growing demand for AI sensors in IoT-based devices across home automation and automotive applications, smart infrastructure, and digitization to facilitate edge computing growth, and the increased use of AI sensor-equipped wireless technologies.

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March 22, 2023

Cargo Drones Industry worth $9.4 billion by 2030

The report "Cargo Drones Market by Solution (Platform, Software, Infrastructure), Industry (Retail, Healthcare, Agriculture, Defense and Maritime), Range (Close-Range, Short-Range, Mid-Range, Long-Range), Payload, Type and Region - Global Forecast to 2030" The Cargo Drones market is estimated to be USD 0.6 billion in 2022 and is projected to reach USD 9.4 billion by 2030, at a CAGR of 38.6% during the forecast period. Increasing B2B middle mile logistics market and increased use of cargo drones in military operations are driving the growth of the Cargo Drones market. 

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March 22, 2023

Companion Animal Pharmaceuticals Market worth $19.6 billion by 2027

The report "Companion Animal Pharmaceuticals Market by Animal Type (Dogs, Cats, Horses), Route of Administration (Oral, Injectable, Topical), Indication (Antibiotics, Parasiticides), Distribution Channel (Veterinary Hospitals & Clinics) - Global Forecast to 2027", is estimated at USD 14.4 billion in 2022 and is projected to reach USD 19.6 billion by 2027, at a CAGR of 6.3% from 2022 to 2027. Factors such as rising prevalence of zoonotic diseases, initiatives by various government agencies and animal associations, rising demand for pet insurance due to growing animal health expenditure, increasing R&D investments for animal healthcare, and high pet ownership rates worldwide are fueling this market.

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March 22, 2023

Sensor Market for Automated Vehicles worth $19.1 billion by 2030

According to a research report "Sensor Market for Automated Vehicles by Component (Hardware, Software), Offering, Software, Level of Autonomy (L2+, L3, L4), Propulsion (ICE, Electric), Vehicle Type, Sensor Platform Approach, Sensor Fusion Process and Region - Global Forecast to 2030" published by MarketsandMarkets, the sensor market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.

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March 21, 2023

Robot End Effector Industry worth $4.3 billion by 2028

The report "Robot End Effector Market by Type (Grippers, Welding Guns, Tool Changer, Clamps, Suction Cups, Deburring, Soldering, Milling, & Painting Tools), Robot Type (Traditional, Collaborative), Application, Industry & Region - Forecast to 2028" The global robot end effector market is expected to grow from USD 2.3 billion in 2023 to USD 4.3 billion by 2028, registering a CAGR of 13.5%. Increasing demand for modular end effectors and the growing adoption of collaborative robots due to the fast-changing nature of industries are among a few major factors driving the growth of the robot end effector market.

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March 21, 2023

Service Robotics Industry worth $84.8 billion by 2028

The report "Service Robotics Market by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region - Global Forecast to 2028" The service robotics market is projected to grow from USD 41.5 billion in 2023 to reach USD 84.8 billion by 2028; it is expected to grow at a CAGR of 15.4% from 2023 to 2028. The growing usage of robots for new applications providing high returns on investment coupled with rising use of IoT in robots for cost-effective predictive maintenance are few key factors driving the service robotics market. Furthermore, there is surge in demand to reduce hospital-acquired infections to regularly, which has fuelled the demand of disinfection robots.

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March 21, 2023

IoT in Healthcare Market worth $289.2 billion by 2028

According to a research report "IoT in Healthcare Market by Component (Medical Device, Systems & Software, Services, and Connectivity Technology), Application (Telemedicine, Connected Imaging, and Inpatient Monitoring), End User and Region - Global Forecast to 2028" published by MarketsandMarkets, the global IoT in healthcare market size is projected to grow from USD 127.7 billion in 2023 to USD 289.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period.

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March 21, 2023

Access Control Industry worth $14.9 billion by 2028

The report "Access Control Market by Offering (Hardware-Card-based, Biometric, & Multi-technology Readers, Electronic Locks, Controllers; Software; Services), ACaaS (Hosted, Managed, Hybrid), Vertical and Region - Global Forecast to 2028" The global Access Control Market size is projected to grow from USD 9.9 billion in 2023 to USD 14.9 billion by 2028; it is expected to grow at a CAGR of 8.4% from 2023 to 2028. Factors such as increasing adoption of IoT-based security systems with cloud computing platforms and rising number of smart infrastructure and smart city projects are contributing to the growth of access control market. Furthermore, rapid urbanization in emerging countries and adoption of Acaras as cost-effective and flexible solution is expected to provide the market with greater growth opportunities.

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March 20, 2023

Agrochemicals Market worth $282.2 billion by 2028

According to a research report "Agrochemicals Market by Type (Fertilizers, Pesticides), Crop Type (Cerelas & Grains, Oilseeds & Pulses, Fruits & Vegetables), Fertilizers Type, Pesticide Type (Insecticides, Herbicides, Fungicides, Nematicides) and Region - Global Forecast to 2028" published by MarketsandMarkets, the agrochemicals market is estimated to be valued at USD 235.2 billion in 2023. It is projected to reach USD  282.2 billion by 2028, recording a CAGR of 3.7% during the forecast period. The agrochemicals market has been influenced by some of the macroeconomic and microeconomic factors occurring in some of the key countries around the globe. This would prove potential enough to drive the market significantly in terms of value sales during the forecast period. With the rise in demand and preference for organic food products, agrochemical manufacturers have been strategizing to develop organic farm-friendly natural plant growth promoters. These products are supervised and certified by regulatory bodies, such as the US Department of Agriculture (USDA) and the European Food Safety Authority, among others, in respective regions.

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March 20, 2023

Middle East and Africa Cybersecurity Market worth $36.2 billion by 2028

According to a research report "Middle East and Africa Cybersecurity Market by Component (Software, Hardware, and Services), Software (IAM, Encryption and Tokenization, and Other Software), Security Type, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the Middle East and Africa Cybersecurity market size is estimated at USD 22.2 billion in 2023 and is projected to reach USD 36.2 billion by 2028, at a CAGR of 10.2% from 2023 to 2028. Factors such as increasing number of cyber threats and attacks; and digital transformation initiatives are positively driving the growth of Middle East and Africa cybersecurity market. Furthermore, growth of eCommerce and digital payments along with stringent regulations and compliance requirements are also contributing to drive the market growth.

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March 20, 2023

Drug Discovery Services Market worth $41.3 billion by 2028

The report "Drug Discovery Services Market by Process (Target Selection, Hit-to-lead), Type (Chemistry, Biology), Drug Type (Small Molecule, Biologics), Therapeutic Area (Oncology, Neurology, Infectious), End User (Pharma, Biotech, Academic) - Global Forecast to 2028", global Drug discovery services market is projected to reach USD 41.3 billion by 2028 from USD 20.6 billion in 2023, at a CAGR of 14.9% during the forecast period of 2023 to 2028. Factors such as growing R&D expenditure from pharmaceutical and biopharmaceutical companies, the increasing R&D pipeline creating a need for increased analytical testing outsourcing, initiatives for research on rare diseases and orphan drugs, and the high cost of in-house drug development are positively driving the growth of the drug discovery services market. Additionally, technological advancements, the introduction of new drug discovery techniques, the expiry of patents, and rising demand for specialized testing services among end users are expected to offer growth opportunities to players in this market.

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March 20, 2023

Power Grid Market worth $367.4 billion by 2028

According to a research report "Power Grid Market by Component (Cables, Variable speed drives, Transformers, Switchgear), Power source (Oil, Natural gas, Coal, Renewables), Application (Generation, Transmission, Distribution) and Region - Global Forecast to 2028" published by MarketsandMarkets, the global power grid market is projected to reach USD 367.4 billion by 2028 from an estimated USD 282.1 billion in 2023, at a CAGR of 5.4% during the forecast period.

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March 20, 2023

Ultrasound Probe Disinfection Market worth $936 million by 2027

The report "Ultrasound Probe Disinfection Market by Product (Instrument, Services, Consumables (Disinfectants & Detergents)), Probe Type (Linear, Convex, & TEE Transducers),Process (High-Level & Low-Level Disinfection), End User (Hospitals) - Global Forecast to 2027", is projected to reach USD 936 million by 2027 from USD 501 million in 2022, at a CAGR of 13.3% during the forecast period. The ultrasound probe disinfection market is mainly driven by factors such as rising incidence of hospital-acquired infections (HAIs), growing volume of ultrasound procedures performed, and the increasing need for the high-level disinfection of ultrasound probes after each patient use. However, the lack of guidelines and low awareness about the high-level disinfection of semi-critical ultrasound probes are restraining the growth of this market.

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March 17, 2023

Potato Protein Market worth $144 million by 2028

According to a research report "Potato Protein Market by Type (Isolates and Concentrates), Nature (Organic and Conventional), Application (Food & Beverages and Feed), and Region (North America, Europe, Asia Pacific and Rest of the World) - Global Forecast to 2028" published by MarketsandMarkets, the potato protein market is projected to reach USD 144 million by 2028 from USD 105 million by 2022, at a CAGR of 5.4% during the forecast period in terms of value. Potato proteins have many nutritional benefits with different fractions having different application in the food, beverage, and feed industry tends to act as a driver for the potato protein market among consumers.

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March 17, 2023

Flow Computer Industry worth $1,067 million in 2028

The report "Flow Computer Market in Oil & Gas by Offering (Hardware, Software, Support Services), by Operation (Upstream, Midstream and Downstream), Application (Custody Transfer, Pipeline Flow Monitoring, Wellhead Monitoring) and Region - Global Forecast to 2028" The flow computer market in oil & gas is projected to grow from USD 798 million in 2023 to USD 1,067 million in 2028; it is expected to grow at a CAGR of 6.0% from 2023 to 2028. The growth of the market is attributed to the technological advancements in oil & gas industry and suitability in many functions of the oil & gas industry.

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March 17, 2023

Orthopedic Devices Market worth $48.1 billion by 2028

The report "Orthopedic Devices Market by Product (Fixation, Replacement Devices {knee, Hip, Shoulder}, Braces, Spinal Implants, Arthroscopy, Orthobiolgics), Application (Fracture Treatment, Osteoarthritis), End User (Hospital, ASCs)- Global Forecast to 2028" is projected to reach USD 48.1 billion by 2028 from USD 36.3 billion in 2022, at a CAGR of 4.8% during the forecast period. Growth in elderly population worldwide, increasing number of osteoarthritis cases, growing participation in sports, rising awareness about the presence of orthopedic treatment, technological advancements and growth strategies adopted by the players in the orthopedic devices such as product launches, agreements, partnerships, and acquisitions are expected to propel the growth of the market.

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March 16, 2023

Food Colors Market worth $6.0 billion by 2028

According to a research report "Food Colors Market by Type (Natural, Synthetic, and Nature-identical), Application (Food Products and Beverages), Source (Plants & Animals, Microorganisms, and Minerals & Chemicals), Form, Solubility and Region - Global Forecast to 2028" published by MarketsandMarkets, the food colors market is projected to reach USD 6.0 billion by 2028, growing from USD 4.6 billion by 2023 growing at a CAGR of 5.4% from 2023 to 2028.

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March 16, 2023

Quality and Lifecycle Management Software Market worth $34.9 billion by 2027

According to a research report "Quality and Lifecycle Management Software Market by Solution (Quality Management and Bill of Material Management), Deployment Mode, Organization Size, Vertical (Automotive & Transport and Industrial Manufacturing) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global Quality and Lifecycle Management Software market size is expected to grow from USD 24.6 billion in 2022 to USD 34.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period. The major factors driving the growth of the market include increasing proliferation of the smart devices/products, demand of organizations for the low manufacturing cost, and increasing demand in small and medium businesses.

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March 16, 2023

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