Press Release

Engineered Wood Market worth $405 billion by 2030

The report "Engineered Wood Market by Type (Structural (CLT, GLULAM, OSB), Non - Structural (Plywood, Fibreboard, Particleboard)), Application (Construction, Furniture, Packaging), End-use Industry (Residential, Non - Residential), and Region (2025-2030)", size is projected to reach USD 405 billion by 2030 from USD 301 Billion in 2024 at a CAGR of 4.9% between 2025 and 2030. One of the largest markets for engineered wood worldwide is the Asia Pacific. The demand for engineered wood is increasing in the construction, and furniture. The demand from developing nations, such as China, India, Brazil, are expected to drive the global engineered wood market.

• Published: December 2024

Ammunition Market Growth in India

Growing focus on Indigenous manufacturing of ammunition to drive market

Indigenous manufacturing is poised to be a driving force in the ammunition market in India, offering a range of strategic and economic advantages. The Indian government’s emphasis on self-reliance in defense production, as outlined in initiatives like "Make in India" and "Atmanirbhar Bharat" (self-reliant India), aims to reduce dependency on foreign suppliers and enhance domestic capabilities. The emphasis on indigenous production aligns with the government’s vision to bolster the domestic defense industry, encouraging collaboration between public and private sectors.

• Published: December 2024

Ammunition Market Growth in Poland

National Ammunition Reserve program to drive market

Poland is initiating a comprehensive program, the National Ammunition Reserve, to bolster its ammunition stockpiles, with a particular focus on large-caliber artillery ammunition. The ongoing hostilities in Ukraine underscore the critical need for substantial ammunition reserves, especially for artillery use. The program, slated to run from 2023 to 2029, aims to diversify and expand the national production base for large-caliber artillery ammunition. Funding will be drawn from sources such as the Polish Development Fund, the Industrial Development Agency, the Government Agency for Strategic Reserves, the Ministry of National Defense, and others.

• Published: December 2024

Ammunition Market Growth in UAE

Rise in government contracts for ammunition to drive market

The UAE’s growing demand for ammunition is driven by the country’s focus on building stronger military capabilities to ensure stability in a region often affected by geopolitical tensions. The country is modernizing its armed forces and investing in advanced defense systems to maintain a solid defense posture. It’s also working closely with international defense partners while developing its local manufacturing capabilities to reduce reliance on imports. Additionally, the UAE’s active role in regional operations, including efforts to counter terrorism and protect maritime security, highlights the need for a well-equipped military, further driving its demand for ammunition.

• Published: December 2024

C5ISR Industry worth $19,280.8 million by 2029

The report "C5ISR Market by Solution (Hardware, Software, and Services), End User (Army, Navy, Airforce, and Government & Law Enforcement), Installation (New Installations, and Upgrades) and Region - Global Forecast to 2029" The C5ISR market is projected to reach USD  19,280.8  million by 2029, from USD 10,720.1 million in 2024, at a CAGR of 12.5%. The growth of the C5ISR market is driven by several factors, including evolving cybersecurity threats.

• Published: December 2024

Future of Manufacturing to 2030 Market and Beyond

The report "Future of Manufacturing - Digital Factory, Micro Factory, Giga Factory, by Technology (Cloud Manufacturing, Edge Computing, Digital Twin, AR/VR, 5G/6G), by Design (Modular, Mobile, Integrated, and Sustainable Factory), Cybersecurity – Global Forecast to 2030" The manufacturing world is deeply in the process of transformation and is highly driven by market demands coupled with the infusion of the latest technologies into the scene. As production environments evolve into smarter, more connected ecosystems, several key trends will shape their future.

• Published: December 2024

Fusion Biopsy Market worth $0.91 billion by 2029

The report "Fusion Biopsy Market by Route Type (Transrectal, Transperineal), Product (Equipment, Consumables), Application (Prostate Cancer), End User (Hospitals), and Region - Global Forecast to 2029", is expected to grow from USD 0.65 billion in 2024 to 0.91 billion by 2029 at a CAGR of 7.1% . The increasing prevalence of prostate cancer and the growing geriatric population, the availability of reimbursements & investments by the public and private sectors, and the increasing prevalence of minimally invasive surgery contribute to the market growth. Furthermore, technological advancements in fusion biopsy devices offer growth opportunities for market players in this market.

• Published: December 2024

Causal AI Market worth $456.8 million by 2030

According to a research report "Causal AI Market by Offering (Causal AI Platforms, Causal Discovery, Causal Inference, Causal Modelling, Root Cause Analysis), Application (Financial Management, Sales & Customer Management, Operations & Supply Chain Management) - Global Forecast to 2030" published by MarketsandMarkets, the market for Causal AI is slated to expand from USD 56.2 million in 2024 to USD 456.8 million by the year 2030 at an impressive CAGR of 41.8% over the forecast period

• Published: December 2024

Structural Heart Devices Market worth $25.69 billion by 2029

The report "Structural Heart Devices Market by Product (Heart Valve Devices Transcatheter and Surgical), Occluders, Closure and Delivery Systems, Annuloplasty Rings, Accessories, Procedure (Replacement(TAVR/TAVI), Repair & End-Users - Global Forecast to 2029", is valued at an estimated 16.31 billion in 2024 and is projected to reach USD 25.69 billion by 2029, at a CAGR of 9.5% during the forecast period.

• Published: December 2024

AI Server Industry worth $837.83 billion by 2030

The report "AI Server Market by Processor Type (GPU, FPGA, ASIC), Function (Training, Inference), Form Factor (Rack-Mounted Server, Blade Server, Tower Server), Cooling Technology (Air Cooling, Liquid Cooling, Hybrid Cooling) – Global Forecast to 2030" The AI server market is expected to grow from USD 142.88 billion in 2024 and is estimated to reach USD 837.83 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 34.3% from 2024 to 2030.

• Published: December 2024

Electronic Chemicals CDMO & CRO Market worth $0.66 billion by 2029

The report "Electronic Chemicals CDMO & CRO Market by Type (High Performance Polymers, Acid & Base Chemicals, Gases, Metals & Pastes), Scale, Application (Photoresist, Etchants, Dopants, Cleaning, Deposition), End-Use & Region-Global Forecast to 2029", is projected to reach USD 0.66 billion by 2029 from USD 0.48 billion in 2024, at a CAGR of 6.8% during the forecast period. The fast-paced advancement of electronics and semiconductor technology is the primary driving factor for global electronics chemicals contract development manufacturing organization (CDMO) and contract research organization (CRO) market development. As industries adopt innovative technologies such as 5G, Al, and electric vehicles (EV), the demand for specialized chemicals for semiconductor manufacturing and for the manufacture of printed circuit boards (PCBs), displays, and batteries will grow. This demand will rise for high-efficiency materials and etchants, photoresists, and cleaning agents. The contract development and manufacturing organization (CDMO) and contract research organization (CRO) would eventually bring their customers into a world of speed in product development and scale operation efficiency. Other factors driving the demand for outsourced chemicals development and production services are rising investments in electronics manufacturing and government incentives across the Asia-Pacific region, which in turn have boosted production capacity. Such a demand is also initiated by the requirement of high-quality but cost-effective solutions from companies that relay on specialized CDMOs and CROS to hasten time-to-market and improved product quality.

• Published: December 2024

Cargo Drone Market Growth in UAE

Growing development of AI-enabled drone to drive UAE's cargo drone market

The UAE is becoming a significant player in the cargo drone market within the Middle East, fueled by advancements in technology, proactive government initiatives, and substantial investments from the private sector. In January 2024, the Edge Group introduced the GY 300 drone helicopter at the Unmanned Systems Exhibition and Conference (UMEX) in Abu Dhabi. This drone is designed to function in various environments and can carry weight of up to 300 kg. These drone supporting essential operations like medical and humanitarian deliveries.

• Published: December 2024

Cargo Drone Market Growth in France

Government-mandated standards and regulations are fostering the development of cargo drones in France, paving the way for an increase in operational drones approved for flight

The French cargo drone market is showing remarkable growth. This is driven by a combination of regulatory frameworks, technological innovation and changing market needs. The advancements in drone technology, sustainability objectives, private sector investments, and urban logistics demands are key drivers accelerating cargo drone market growth. 

• Published: December 2024

eVTOL Market Growth in Brazil

Increasing socio-economic situations in the country driving adoption of eVTOL Market Growth

Brazil represents the most promising market for developing eVTOL aircraft and electric aviation in broad urban centers, enhanced demand for sustainable mobility options, and a reduced desire for harmful greenhouse gas emissions. Such exceptional geographical and socio-economic situations in the country with these cities - São Paulo and Rio de Janeiro - rank it among the first potentials for urban air mobility (UAM). The Brazilian market for eVTOL will follow the current trend for electric aviation and support its deployment to overcome congestion in cities and deliver sustainable results in many countries where a significant solution to make transportation more carbon-free is to be implemented.

• Published: December 2024

Cargo Drone Market growth in Brazil

Growing use of cargo drone for diverse commercial applications to boost market growth in Brazil

The Brazilian freight drone market is growing quickly, supported by a solid regulatory framework and increasing acceptance among consumers. The National Civil Aviation Agency (ANAC), working alongside organizations like the Department of Airspace Control (DECEA) and the National Telecommunications Agency (ANATEL), oversees UAV operations to maintain safety and efficiency. Research from Worldpay Inc. indicates that over half of Brazilian internet users are receptive to drone-based delivery, highlighting  considerable business opportunities and significant customer interest.

• Published: December 2024

eVTOL Market Growth in UAE

Initiatives such as Vision 2050 and Smart Dubai will position the UAE as a technology leader, driving the adoption of eVTOL in the country.

The United Arab Emirates (UAE) is swiftly positioning itself as an international center for eVTOL (electric vertical takeoff and landing) aircraft and electric aviation due to its belief in innovation, sustainability, and future urban mobility. As part of its strategy for promoting economic diversification and lessening carbon footprints through the UAE Vision 2030 and 2050 initiatives, the country is embracing cutting-edge technologies that align with the main goals of reducing emissions and increasing connectivity. With the well-established infrastructure and focus on smart cities, the UAE will create an ideal market for adopting eVTOLs and electric aviation.

• Published: December 2024

eVTOL Market Growth in the Netherlands

Netherlands commitment to sustainability and strategic focus on Urban Air Mobility driving adoption of eVTOL in the country

The Netherlands is establishing itself as a global leader in the eVTOL Market through its advanced technological ecosystem, commitment to sustainability, and strategic focus on urban air mobility. Its vision perfectly aligns with its carbon neutrality goals under the European Green Deal and its proactive efforts to revolutionize transportation while reducing urban congestion and greenhouse gas emissions. With dense urban regions in Amsterdam and Rotterdam already fighting heavy mobility challenges, eVTOL technology is just the transformative solution needed for short-distance, emission-free travel.

• Published: December 2024

Emotion AI Market worth $9.01 billion by 2030

According to a research report "Emotion AI Market by Solutions (Emotion Recognition, Emotion AI SDKs and APIs, Emotion Analytics), Type (Text-Focused, Voice-Focused, Video & Multimodal), Technology (Machine Learning, NLP, Computer Vision) - Global Forecast to 2030" published by MarketsandMarkets, the Emotion AI market is expected to reach USD 9.01 billion by 2030 from USD 2.74 billion in 2024, at a CAGR of 21.9 % during 2024–2030.  

• Published: December 2024

Aircraft Cabin Interiors Market Growth in France

France’s commitment to combining luxury, technology, and eco-friendly innovations is driving the growth of the aircraft cabin interiors market.

France is the native place for Airbus and a pioneer of aviation that not only helps shape the sky but also marks the trend for comfort along with its design with respect to passenger comfort through the dynamic cabin interiors market of airplanes. The country has a strong aerospace ecosystem supporting the development of leading-edge cabin technologies. For instance, Airbus continues to raise the bar with its "Airspace Cabin" concept, which includes wider seats, customizable lighting, and more optimized storage. Such cabin innovations enhance passenger comfort and improve airline operational efficiency.

• Published: December 2024

Aircraft Cabin Interiors Market Growth in India

India’s aircraft cabin interiors market growth is fueled by modernization projects and increasing demand for premium travel experiences.

The aircraft cabin interiors market in India is expected to experience a growth spurt with increasing passenger traffic, the expectation of better in-flight experience, and the modernization of aging fleets. Since India is one of the quickest-growing aviation markets in the world, there has been a good amount of investment in innovations related to cabins so that those cabins are international-standard quality and have a growing middle class demanding comfort and innovation during air travel.

• Published: December 2024

Aircraft Cabin Interiors Market Growth in UAE

UAE’s Focus on blending cutting-edge technology and luxury to re-define in-flight experiences to boost the aircraft cabin interiors market

The UAE is slowly moving into the innovation of aeronautics aesthetics, combining state-of-the-art technology with luxury to provide passengers with better experiences, given that it is a world aviation hub. As a global leader in premium travel, the UAE's airlines also use data and passenger insights to design cabin interiors for each passenger's needs. The country has set benchmarks for cabin innovations in the Middle Eastern region, with the flag flown by carriers Emirates and Etihad.

• Published: December 2024

Variable Frequency Drive Market worth $32.00 billion by 2030

According to a research report "Variable Frequency Drive Market by Type (AC Drive, DC Drive, Servo Drive), Application (Pumps, Fans, Compressors, Conveyors), Power Rating (Micro, Low, Medium, High), Voltage, End User and Region - Global Trends & Forecast to 2029" published by MarketsandMarkets, The Variable Frequency Drive market is projected to reach USD 32.00 billion by 2030 from an estimated USD 24.68 billion in 2025, at a CAGR of 5.3% during the forecast period (2025–2030).

• Published: December 2024

Industrial Agitators Industry worth $3.99 billion by 2029

The report "Industrial Agitators Market by Type (Portable, Large Tank, Drum), Component (Head, Impeller, Propeller, Shaft), Mixture (liquid-liquid, solid-liquid, liquid-gas), Mounting (Top-entry, Side-entry, Bottom-entry ) - Global Forecast to 2029" The global industrial agitators market is expected to be valued at USD 3.10 billion in 2024 and is projected to reach USD 3.99 billion by 2029; it is expected to grow at a CAGR of 5.2 % from 2024 to 2029. Agitators are important in mixing, blending, and homogenizing ingredients during production processes. They also form an essential part in guaranteeing uniform distribution of active pharmaceutical ingredients (APIs), chemical processes, oil & gas, mining, etc. Rise in the demand for homogeneous mixing, increased need for energy efficient mixing equipment or industrial mixer in pharmaceutical, chemical, and food & beverage industries, and growing adoption of customized industrial agitators are some of the major factors driving the industrial agitators market growth globally.

• Published: December 2024

Cybersecurity Certification Market worth $8,033.5 million by 2030

According to a research report "Cybersecurity Certification Market by Certification Category (Cloud Security, Information Security, AI Certifications), Target User (Individual Professionals and Enterprises), Delivery Mode (Online and In-person) - Global Forecast to 2030" published by MarketsandMarkets, the global Cybersecurity Certification market size is projected to grow from USD 3,987.6 million in 2024 to USD 8,033.5 million by 2030 at a Compound Annual Growth Rate (CAGR) of 12.4%  during the forecast period. Professional certifications available in CISSP, CEH, and CompTIA Security+ have emerged as a basic need and have gained the support of global recognition and authenticity in cybersecurity space. These are primarily used to validate major skill sets in underlying domains such as risk management, threat mitigation, and comprehensive preparedness against complex challenges. Employers prefer these because they seal the perception of expertise. Further, focusing on practical skills, continuous learning, and networking opportunities equips professionals to stay current, adaptable, and impactful in the ever-evolving cybersecurity landscape.

• Published: December 2024

Advanced Elastomers Market worth$7.8 billion by 2029

The report "Advanced Elastomers Market by Type (Thermoplastic Elastomers, Silicon Elastomers), Application (Insulations, Implants), End-Use Industry (Medical, Industrial, Aerospace & Defense), Region- Global Forecast to 2029", size is projected to grow from USD 6.0 billion in 2024 to USD 7.8 billion by 2029, registering a CAGR of 5.3% during the forecast period. The advanced elastomers market is driven by several key factors, including increasing global focus on sustainability, technological advancements, expanding applications, economic incentives, and growth in demand are the global trend towards lightweighting, most notably in the electrical & electronics and aerospace sectors.

• Published: December 2024

Pea Starch Market worth $671.8 million by 2029

According to a research report "Pea Starch Market by Source (Yellow Peas, and Green Peas), Grade (Food, Feed, and Industrial), Product Type (Native and Modified), Application (Food & Beverages, Industrial, Pet Food, & Feed), Nature, Technology Type and Region - Global Forecast 2029" published by MarketsandMarkets, the pea starch market is estimated at USD 426.9 million in 2024 and is projected to reach USD 671.8 million by 2029, at a CAGR of 9.5% from 2024 to 2029.

• Published: December 2024

Truck Refrigeration Unit Market worth $8.83 billion by 2030

According to a research report "Truck Refrigeration Unit Market by Vehicle Type (Light, Medium & Heavy Commercial Vehicles and Trailers), Type, End Use Industry, Application, Trailer Size, Power Source, Mode of Operation, Unit Propulsion, and Region - Global Forecast to 2030" published by MarketsandMarkets, the Truck Refrigeration Unit market is projected to grow to USD 8.83 billion by 2030 from USD 6.83 billion in 2024, at a CAGR of 4.4% from 2024 to 2030.

• Published: December 2024

Pharmaceutical Manufacturing Equipment Industry worth $26.94 billion in 2029

The report "Pharmaceutical Manufacturing Equipment Market by Machine (Mixing & Blending, Milling, Spray Drying, Granulation, Extrusion, Tablet Compression, Sterilization, and Inspection), Process (Encapsulation, Formulation, Aseptic) - Global Forecast to 2029" The global pharmaceutical manufacturing equipment market size is projected to grow from USD 19.41 billion in 2024 to USD 26.94 billion in 2029, recording a CAGR of 6.8% during the forecast period.

• Published: December 2024

Minimal Residual Disease Market worth $2.55 billion by 2029

The report "Minimal Residual Disease Market by Product (Kits, Instruments), Technology (PCR, NGS), Application (Leukemia, Lymphoma, Multiple Myeloma, Solid Tumors), End User (Hospitals, Diagnostic Labs, Research Institutes), & Region - Global Forecast to 2029", is valued at an estimated USD 1.43 billion in 2024 and is projected to reach USD 2.55 billion by 2029, at a CAGR of 12.2% during the forecast period.

• Published: December 2024

Medical Elastomer Market worth $14.27 billion by 2029

The report "Medical Elastomer Market by Type (Thermoset Elastomers; Thermoplastic Elastomers), Applications (Medical Tubing; Catheters; Syringes; Gloves; Medical & Infusion Bags and Implants), End-use Industry & Region - Global Forecast to 2029 ", is projected to reach USD 14.27 billion by 2029 at a CAGR of 8.3% from USD 9.57 billion in 2024.

• Published: December 2024

Service Robotics Industry worth $98.65 billion by 2029

The report "Service Robotics Market by Environment (Ground (AGVs, Cleaning, Surgical, Humanoid), Marine, Aerial), Component (Airframe, Sensor, Camera, Actuator, Power Supply, Control System, Navigation System, Propulsion System and Software) - Global Forecast to 2029" The service robotics market is projected to grow from USD 47.10 billion in 2024 to reach USD 98.65 billion by 2029; it is expected to grow at a CAGR of 15.9% from 2024 to 2029.

• Published: December 2024

Incident and Emergency Management Market worth $196.20 billion by 2030

According to a research report "Incident and Emergency Management Market by Solution (Web-Based Emergency Management System, Emergency/Mass Notification System, Geospatial), Communication Tools & Devices (First Responder Tools, Satellite-Assisted Equipment) - Global Forecast to 2030" published by MarketsandMarkets, the global Incident and Emergency Management market size is projected to grow from USD 137.45 billion in 2024 to USD 196.20 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period. The market's expansion is linked to rising urbanization, which increases population density and disaster susceptibility, necessitating enhanced emergency response systems. Also, the integration of AI, IoT, and machine learning improves predictive analytics, real-time monitoring, and automated reactions, hence increasing emergency readiness and efficiency.

• Published: December 2024

Edible Oils Market worth $306.92 billion by 2029

According to a research report "Edible Oils Market by Type (Palm Oil, Soybean Oil, Sunflower Oil, Olive Oil, Rapeseed Oil), Packaging Type, Packaging Technology, Extraction Technology, Grade, Application, End Use, Distribution Channel and Region - Global Forecast to 2029" published by MarketsandMarkets, the edible oils market is estimated at USD 250.78 billion in 2024 and is projected to reach USD 306.92 billion by 2029, at a CAGR of 4.1% from 2024 to 2029.

• Published: December 2024

Artificial Intelligence (AI) in Medical Diagnostics Market worth $4.72 billion by 2029

The report "Artificial Intelligence (AI) in Medical Diagnostics Market by Modality (MRI, CT, X-ray, Ultrasound), Applications (IVD, Radiology, Cardiology, Neurology, Obstetrics/GYN), End User (Hospitals, Imaging Centers, Diagnostic Labs) & Region - Global Forecast to 2029", is expected to grow and achieve a projected market size of USD 4.72 billion by 2029 from USD 1.71 billion in 2024, at a CAGR of 22.5% during the forecast period.

• Published: December 2024

Self-driving Cars Market worth 76,217 thousand units in 2035

According to a research report "Self-driving Cars Market by Level of Autonomy (Semi-Autonomous (L1, L2, and L3) and Autonomous (L4 and L5), Component Type, Mobility Type (Personal Mobility and Shared Mobility), Vehicle Class (A&B, C&D, and E&F), and Region - Global Forecast to 2035" published by MarketsandMarkets, the global self-driving cars market is projected to reach from 37,090 thousand units in 2024 to 76,217 thousand units in 2035, at a CAGR of 6.8%.

• Published: December 2024

Lithium-ion Battery Dispersant Market worth $1.70 billion by 2029

The report "Lithium-ion Battery Dispersant Market by Dispersant Type (Block Copolymers, Naphthalene Sulfonates, Lignosulfonates), End-Use (Consumer Electronics, Electric Vehicles, Military, Industrial), Formulation Type, and Region - Global Forecast to 2029", is projected to grow from USD 0.91 billion in 2024 to USD 1.70 billion by 2029, at a CAGR of 13.2% during the forecast period. The growth in the dispersant market for lithium-ion batteries is closely related to the expanding usage of lithium-ion batteries in consumer electronics, electric vehicles, industrial applications, and other fields. Demand for compact, high-capacity batteries in consumer electronics requires efficient dispersants that may boost the final performance, and the EV boom requires advanced dispersants that could support battery longevity and better energy density. These applications along with such emerging sectors as renewable energy systems, increase demand by using high-performance batteries for reliable operations altogether boosting the market growth of dispersants.

• Published: December 2024

Data Protection as a Service Market worth $74.91 billion by 2030

According to a research report "Data Protection as a Service Market by Service Type (Backup as a Service, Storage as a Service, Disaster Recovery as a Service, Data Archiving, Other Services), Deployment mode, Organization Size, Vertical and Region - Global Forecast to 2030" published by MarketsandMarkets, the global Data protection as a Service market will grow to USD 74.91 billion by 2030 from USD 26.04 billion in 2024, at a CAGR of 19.3 % from 2024 to 2030.

• Published: December 2024

Recyclable Packaging Market worth $40.0 billion by 2029

The report "Recyclable Packaging Market by Material (plastics, paper, glass, metal, others), Packaging Type (Paper & Paperboard, Pouche & Envelopes, Void Fill Packaging, Buble Wrap), End-use Industry (Packaging, Building & Construction, Automotive, Electronics), and Region - Global Forecast to 2029", size is projected to grow from USD 31.0 billion in 2024 to USD 40.0 billion by 2029 at a CAGR of 5.2%.

• Published: December 2024

IVD Reagents Market worth $87.41 billion by 2029

The report "IVD Reagents Market by Type (Antibodies, Nucleic Acid Probes), technology (Hematology), Application (Genetic Testing, Autoimmune disease), Test Type (Laboratory Test, Point-of-care Tests), End User (Hospitals & Clinics) & Region - Global Forecast to 2029", is projected to reach 87.41 billion by 2029 from USD 60.45 billion in 2024, at a CAGR of 7.7% during the forecast period. The market growth is mainly due to growing burden of chronic diseases among aging population. In addition, increasing number of clinical laboratories providing in vitro diagnosis to offer growth opportunities for players operating in the IVD Reagents market during the forecast period. However, the stringent regulatory guidelines is expected to hamper the adoption of these products.

• Published: December 2024

Functional Safety Industry worth $7,896.7 million by 2029

According to the new market research report "Functional Safety Market by Safety Sensors (Emergency Stop, Temperature, Pressure, Gas), Safety Light Curtain, Safety Controller, Programmable Safety System, Safety Switches, TIC Analysis Type (Fault & Event Analysis), Robotics – Global Forecast to 2029" The global functional safety market will  USD 7,896.7 million by 2029 from USD 5,883.4 million by 2024, at a CAGR of 6.1% during the forecast period.

• Published: December 2024

DERMS Market worth $1.44 billion by 2029

According to a research report "DERMS Market by Offerings (Software, Services), Application (Solar PV Systems, Wind Energy Systems, Energy Storage, Combined Heat & Power Systems, EV Charging Solutions), End-User (Residential, Commercial, Industrial) & Region - Global Forecast to 2029" published by MarketsandMarkets, the Distributed energy resource management systems (DERMS) market is expected to grow from an estimated in USD 0.61 billion in 2024 to USD 1.44 billion by 2029, at a CAGR of 18.8% during the forecast period. The market for DERMS is thus growing rapidly. Some of the key factors driving the market are increased adoption of renewable energy sources such as solar and wind power, which are considered significant for the improvement of grid reliability and efficiency. Such a rise is being driven by increased environmental concerns, advances in technology, and government policies that encourage clean energy solutions. Meanwhile, significant investment in smart grid infrastructure and the increasing digitization of energy systems would further spur market growth.

• Published: December 2024

Zero Liquid Discharge Systems Market worth $11.48 billion by 2029

The report "Zero Liquid Discharge Systems Market by Type (Conventional, Hybrid), Process, Capacity, Application, End-use industry (Energy & Power, Chemicals & Petrochemicals, Food & Beverage), and Region - Global Forecast to 2029", size is projected to grow from USD 7.80 billion in 2024 to USD 11.48 billion by 2029, registering a CAGR of 8.0% during the forecast period.

• Published: December 2024

Electronic Shelf Labels Industry worth $4.18 billion by 2029

The report "Electronic Shelf Labels Market by Full Graphic E-paper, LCDs, Segmented E-paper, Retail, Industrial, Label Management, Inventory & Stock Management, Transceivers, Infrared, Radio Frequency, Near-field Communication and Region - Global Forecast to 2029" The electronic shelf labels market was valued at 2.34 billion in 2024 and is projected to reach USD 4.18 billion by 2029; it is expected to register a CAGR of 12.3% during the forecast period.

• Published: December 2024

Animal Genetics Market worth $4.19 billion by 2029

The report "Animal Genetics Market by Animal (Bovine, Porcine), Products & Services (Genetic Materials, Genetic Testing Services), Technology (PCR, NGS, rDNA, Microarray Technology), End User (Animal Farms, Veterinary Hospitals & Clinics) - Global Forecast to 2029", is anticipated to grow at a CAGR of 7.1% and register a growth from USD 2.97 billion in 2024 to USD 4.19 billion by the end of 2029. The growth in the market is mainly driven by advances in genetic technologies as well as distribution systems in the advanced regions of North America and Europe. Demand for livestock-based food products is slowly increasing and further fueling the use of genetically enhanced materials like semen and embryos. The breeding farms along with the animal food industry are taking up this solution to enhance productivity and meet the increasing expectations of the consumer in terms of productivity to produce food efficiently and sustainably.

• Published: December 2024

Content Detection Market worth $31.42 billion by 2029

According to a research report "Content Detection Market by Detection Type (Content Moderation, AI-generated Content Detection, Plagiarism Detection), Content Type (Video, Text, Image, Audio), Offering (Solutions, Services), End- User, and Region - Global Forecast to 2029" published by MarketsandMarkets, the content detection market is projected to grow from USD 16.48 billion in 2024 to USD 31.42 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period. Effective content management and the emergence of online content create a pull for industries dealing with content detection. Social media, content-rich systems, streaming services, etc. are facing an increasing threat from misinformation, offensive materials, copyright infringements, etc. AI and ML developments have enhanced the detection of any offensive, illegal, or misleading information, and regulations. The increased concern about brand safety and cybersecurity further exacerbates the need for detection systems. Increasing globalization of digital platforms compounds the challenges of managing multilingual and multimodal content, thereby provoking the need for automated and scalable detection systems.

• Published: December 2024

Cloud AI Market worth $327.15 billion by 2029

According to a research report "Cloud AI Market by Cloud AI Infrastructure (Compute, Storage, Network), AI & ML Platforms (Auto ML), MLOps and Lifecycle Management (AI Workflow Orchestration), AIaaS, Technology (Generative AI and Other AI) - Global Forecast to 2029" published by MarketsandMarkets, the global cloud AI market will grow from USD 80.30 billion in 2024 to USD 327.15 billion by 2029 at a compounded annual growth rate (CAGR) of 32.4% during the forecast period. The cloud AI market keeps growing as businesses use AI for efficiency, make better decisions, and develop new business strategies. Cloud AI solutions make it easier and more affordable for companies to use advanced tools like machine learning, natural language processing, and predictive analytics. These tools help companies automate tasks, understand large amounts of data, and offer personalized experiences to their customers. Cloud AI integrates smoothly with existing systems, making operations more flexible and reducing the need for expensive in-house technology.

• Published: December 2024

3D Metrology Industry worth $15.01 billion by 2029

The report "3D Metrology Market by Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Form Measurement Equipment, X-ray and CT Equipment, Video Measuring Machine (VMM) and 3D Automated Optical Inspection System - Global Forecast to 2029" The global 3D metrology market was estimated to be valued at USD 11.13 billion in 2024 and is projected to reach USD 15.01 billion by 2029; it is expected to register a CAGR of 6.2% during the forecast period.

• Published: December 2024

Fragrance Ingredients Market worth $21.94 billion by 2029

According to a research report "Fragrance Ingredients Market by Source, (Natural, Synthetic), Ingredient Type (Commodity, Specialty, Proprietary), Application (Personal Care, Household, Cosmetics, Food & Beverage, Industrial), Form (Liquid, Powder), Technology - Global Forecast to 2029" published by MarketsandMarkets, the fragrance ingredients market is estimated at USD 17.11 billion in 2024 and is projected to reach USD 21.94 billion by 2029, at a CAGR of 5.1% from 2024 to 2029.  

• Published: December 2024

Graphite Market worth $36.40 billion by 2030

The report "Graphite Market by Type (Natural, Synthetic), Application (Electrode, Refractory and Foundry, Battery, Friction Products, Lubricants), Purity (High, Low), and Region - Global Forecast to 2030", is projected to grow from USD 15.67 billion in 2024 to USD 36.40 billion by 2030, at a CAGR of 15.1% from 2024 to 2030. Due to the increasing number of Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), Fuel Cell Electric Vehicles (FCEVs), and Extended Range Electric Vehicles (EREVs) in the market, graphite demand has therefore increased accordingly. Growing adoption of EVs coupled with other industries such as renewable energy storage and consumer electronics means a continuous increase in graphite requirement.

• Published: December 2024

Distributed Fiber Optic Sensor Industry worth $2,630.7 million by 2030

The report "Distributed Fiber Optic Sensor Market by Fiber Type (Single-Mode, Multimode), Operating Principle (OTDR, OFDR), Scattering Process (Rayleigh, Brillouin, and Raman Scattering Effects), Application (Temperature, Acoustic, Strain) - Global Forecast to 2030" The distributed fiber optic sensor market is projected to grow from USD 1,411.7 million in 2024 and is estimated to reach USD 2,630.7 million by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.9% from 2024 to 2030. The increasing innovation in sensor technologies is enhancing wellbore surveillance, enabling better data accuracy and reliability in energy exploration and production. The rise of smart cities and the widespread adoption of the Internet of Things (IoT) are also pivotal, as they create demand for DFOS in applications ranging from environmental monitoring to perimeter security, further driving market growth.

• Published: December 2024