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Home › Press Releases
Press Releases
Title | Date |
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Organic Fertilizers Industry worth $13.6 billion by 2029According to a research report "Organic Fertilizers Market by Source (Plant, Animal, Mineral), Form (Dry and Liquid), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for organic fertilizers is estimated at USD 7.9 billion in 2024 and is projected to reach USD 13.6 billion by 2029, at a CAGR of 11.5% during the forecast period. ...... Read More |
March 21, 2024 |
Silicone Elastomers Market worth $12.3 billion by 2029The report "Silicone Elastomers Market by Type (HTV, RTV, LSR), Process (Extrusion, Liquid Injection Molding, Injection Molding), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation), & Region - Global Forecast to 2029", size was USD 8.6 billion in 2024 to USD 12.3 billion by 2029, at a CAGR of 7.4% from 2024 to 2029. ...... Read More |
March 21, 2024 |
Silicon Carbide Industry worth $17.2 billion by 2029The report "Silicon Carbide Market by Device (SiC Discrete Device, SiC Module), Wafer Size (Up to 150mm, >150mm), End-use Application (Automotive, Energy & Power, Industrial, Transportation), Material, Crystal Structure and Region - Global Forecast to 2029" The Silicon Carbide Market is expected to reach USD 17.2 billion by 2029 from USD 4.2 billion in 2024, at a CAGR of 32.6% during the 2024–2029 period.The major factors driving the growth of the silicon carbide market include the growing demand for renewable energy systems which leads to an increase in deployment of SiC devices and increasing number of initiatives and investments towards SiC devices. ...... Read More |
March 21, 2024 |
Building Thermal Insulation Market worth $37.0 billion by 2028The report "Building Thermal Insulation Market by Material (Glass Wool, Stone Wool, Plastic Foam), Application (Roof Insulation, Floor Insulation, Wall Insulation), Building Type (Residential, Non-Residential) & Region - Global Forecast to 2028", is estimated at USD 29.2 billion in 2023 and is projected to reach USD 37.0 billion by 2028, at a CAGR of 4.8%. ...... Read More |
March 21, 2024 |
Probiotics Industry worth $105.7 billion by 2029According to a research report "Probiotics Market by Product Type (Functional Food & Beverages (FnB), Dietary Supplements, and Feed), Ingredient (Bacteria and Yeast), End User (Human and Animal), Distribution Channel and Region - Global Forecast to 2029" published by MarketsandMarkets, the Probiotics market is projected to reach USD 105.7 billion by 2029 from USD 71.2 billion by 2024, at a CAGR of 8.2% during the forecast period in terms of value. The probiotics market is experiencing significant growth due to a growing interest in preventive healthcare among consumers, who perceive probiotics as a natural means to enhance gut health and digestion. Awareness of gut-related issues is increasing, prompting individuals to seek potential relief through probiotic consumption. The demand for functional foods fortified with probiotics is on the rise, expanding the range of probiotic options available to consumers beyond traditional supplements. ...... Read More |
March 21, 2024 |
System Integrator Industry worth $40.3 billion by 2029According to the new market research report "System Integrator Market by Technology (Human Machine Interface, Machine Vision, Industrial Robotics, Industrial PC, IIoT, Distributed Control System, SCADA, PLC), Service Outlook (Consulting, Software Integration Service) - Global Forecast to 2029" The global system integrator market is expected to be valued at USD 29.7 billion in 2024 and is projected to reach USD 40.3 billion by 2029; it is expected to grow at a CAGR of 6.3% from 2024 to 2029. The growth of the system integrator market is propelled by the continued adoption of cloud computing in industries, increasing adoption of automation in various sectors, and digitalization across industries. However, interoperability issues and complexity in the integration process restrain the market's growth. ...... Read More |
March 20, 2024 |
Sulfur Dust Market worth $1.1 billion by 2028The report "Sulfur Dust Market by Form (Sublimed and Precipitated), End-use Industry (Agricultural, Rubber Processing, Chemical Processing, Pharmaceutical) and Region (North America, Europe, APAC, MEA, & South America) - Global Forecast to 2028", is projected from USD 1.3 billion in 2023 to USD 1.1 billion by 2028, at a CAGR of -3.0 % during the forecasted period. High demand for sulfur dust comes from various sectors, including agriculture, chemical manufacturing, and pharmaceuticals is expected to drive the sulfur dust market. ...... Read More |
March 20, 2024 |
Defense Electronics Obsolescence Industry worth $3.7 billion by 2028The report "Defense Electronics Obsolescence Market by System (Communication System; Navigation System; Human Machine Interface; Flight Control System; Targeting System; Electronic Warfare System; and Sensors), Type & Region - Global Forecast to 2028" The defense electronics obsolescence market is projected to grow from USD 2.5 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 8.2% from 2023 to 2028. The market growth can be attributed to the rapid technological advancements in defense electronics. The defense electronics obsolescence market includes major players Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Middle East. ...... Read More |
March 20, 2024 |
Large Language Model (LLM) Market worth $36.1 billion by 2030According to a research report "Large Language Model (LLM) Market by Offering (Software (Domain-specific LLMs, General-purpose LLMs), Services), Modality (Code, Video, Text, Image), Application (Information Retrieval, Code Generation), End User and Region - Global Forecast to 2030" published by MarketsandMarkets, the large language model market is set to experience rapid growth, projected to surge from USD 6.4 billion in 2024 to USD 36.1 billion by 2030, at a CAGR of 33.2% during the forecast period of 2024–2030. The growing imperative for improved communication between humans and machines and escalating demand for automated content creation and curation, increasing accessibility of extensive datasets are driving forces propelling the large language model market forward. ...... Read More |
March 20, 2024 |
Medical Device Contract Manufacturing Market worth $149.4 billion in 2029The report "Medical Device Contract Manufacturing Market by Device Type (IVD, Cardiovascular, Drug Delivery (Autoinjectors, Infusion Device), Diabetes Care, Orthopedic, Ophthalmology, Endoscopy, Surgical), Device Class (I, II, III), Services -Global Forecast to 2029", is projected to reach USD 149.4 billion in 2029 from USD 78.9 billion in 2023, at a CAGR of 11.4% between 2024 and 2029. ...... Read More |
March 20, 2024 |
Vehicle Armor Materials Market worth $9.3 billion by 2029The report "Vehicle Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Fiberglass, Aramid Fibers), Application (Defense, Para Military, Police, Security Agencies, Personal), and Region (North America, Europe, APAC, ROW) - Global Forecast to 2029", is projected to reach USD 9.3 billion by 2029, at a CAGR of 6.7% from USD 6.7 billion in 2024. ...... Read More |
March 19, 2024 |
Optometry Equipment Market worth $6.1 billion by 2029The report "Optometry Equipment Market by Type (OCT, Ophthalmoscope, Autorefractor, Tonometer, Slitlamp, Wavefront Analyzer), Application (General Examination, Cataract, Glaucoma,), End User (Eye Clinics, Hospitals), and Region - Global Forecast to 2029", is valued at an estimated USD 4.5 billion in 2024 and is projected to reach USD 6.1 billion by 2029, at a CAGR of 6.4% during theK forecast period. ...... Read More |
March 19, 2024 |
Ink Additives Market worth $2.9 billion by 2029The report "Ink Additives Market by Type (Rheology Modifiers, Dispersing & Wetting agents, Foam Control Additives), Technology (Solvent-based, Water-based), Process (Lithographic, Gravure), Application (Packaging, Publishing), & Region - Global Forecast to 2029", was USD 2.3 billion in 2024 and is projected to reach USD 2.9 billion by 2029, at a CAGR of 5.3% between 2024 and 2029. The growth is attributed to the increasing applications, technological advancements in the ink industry, and rising demand from the packaging industry in Asia Pacific, mainly from China, Vietnam, Indonesia, and India. ...... Read More |
March 19, 2024 |
Cell Expansion Market worth $26.7 billion by 2029The report "Cell Expansion Market by Product (Consumables (Media, Sera, Reagents, Vessels), Equipment (Cell Expansion Systems, Bioreactors, Incubators)), Cell Type (Human, Animal (CHO, mESCs)), Application (Vaccines, mAbs, CGT), End User - Global Forecast to 2029", is projected to reach USD 26.7 billion by 2029 from an estimated USD 14.3 billion in 2024, at a CAGR of 13.3% during the forecast period of 2024 to 2029. Some factors contributing to the growth of the global market includes increasing R&D investments in cell based research, growing focus on personalized medicine, and increasing number of strategic alliances for the development of novel therapeutics. However, ethical concern regarding cell biology and high cost of cell based therapeutics are expected to hinder market growth. ...... Read More |
March 19, 2024 |
Precision Farming Software Industry worth $3.1 billion by 2029The report "Precision Farming Software Market by Delivery Model (On-premises, Cloud-based), Application (Yield Monitoring, Field Mapping, Variable Rate Application, Weather Tracking & Forecasting), Service, Technology and Region - Global Forecast to 2029" The Precision Farming Software Market is projected to reach from USD 1.7 billion in 2024 to USD 3.1 billion by 2029; it is expected to grow at a CAGR of 12.5% from 2024 to 2029. Precision farming software leverages technological advancements such as artificial intelligence, machine learning, and IoT to provide farmers with cutting-edge tools for decision-making and automation. This integration of advanced technology enhances the effectiveness and efficiency of farming practices, driving further adoption among tech-savvy farmers. ...... Read More |
March 19, 2024 |
Rice Husk Ash Market worth $3.2 billion by 2028The report "Rice Husk Ash Market by Application (Building & Construction, Steel Industry, Silica, Ceramics & Refractory, Rubber), Silica Content (80-84%, 85-89%, 90-94%, and greater than 95%), Process, Product, and Region - Global Forecast to 2028", is projected to grow from USD 2.6 billion in 2023 to USD 3.2 billion by 2028, at a CAGR of 4.5% during the forecast period. The rice husk ash market is expected to be driven by its eco-friendly properties and diverse applications across industries such as construction, ceramics, and agriculture. Growing demand for sustainable materials, coupled with increasing awareness regarding the utilization of agricultural waste, is likely to fuel market growth. ...... Read More |
March 18, 2024 |
Medical Robots Market worth $33.8 billion by 2029The report "Medical Robots Market by Product & Service (Instruments & Accessories, Robotic Systems), Type (Surgical (Soft: General, Gynecological, Urological; Hard: Knee & Hip, Spine), Rehab, Radiosurgery, Hospital & Pharmacy), End User - Global Forecasts to 2029", is projected to reach USD 33.8 billion by 2029 from USD 16.0 billion in 2024, at a CAGR 16.1%. ...... Read More |
March 18, 2024 |
Satellite Solar Cell Materials Market worth $96 million by 2030The report "Satellite Solar Cell Materials Market by Material Type (Silicon, Copper Indium Gallium Selenide (CIGS), Gallium Arsenide (GaAs)), Application (Satellite, Rovers, Space Stations), Orbit (LEO, MEO, GEO, HEO, Polar Orbit), & Region - Global Forecast to 2030", which is expected to reach USD 96 million by 2030 from USD 44 million in 2024 and grow at a CAGR of 13.7%, is important to powering a variety of space missions. While silicon remains the industry leader due to its low cost and known technology, advances in materials such as GaAs, Germanium multi-junction cells promise improved efficiency and radiation resistance. The market meets the diverse requirements of different satellites, ranging from low-cost options for cube satellites to high-performance materials for deep space research. However, issues such as high material costs and the need to balance efficiency, cost, and durability persist. As R&D efforts continue, the future of the satellite solar cell materials market is bright, with advancements in materials science and technology holding the key to unlocking its full potential and powering the next generation of space exploration. ...... Read More |
March 18, 2024 |
Exposure Management Industry worth $7.6 billion by 2029According to a research report "Exposure Management Market by Component (Solutions and Services), Deployment Mode (Cloud and On-premises), Application (Vulnerability Management, Threat Intelligence, Attack Surface Management), End-user Industry and Region - Global Forecast to 2029" published by MarketsandMarkets, the global Exposure Management market size is projected to grow from USD 2.2 billion in 2024 to USD 7.6 billion by 2029 at a CAGR of 28.3% during the forecast period. The expansion of the exposure management market is primarily driven by the escalating complexity and volume of cyber threats, digital transformation expanding organizations' attack surfaces, stringent regulatory and compliance requirements, and the financial and reputational risks of data breaches. Further, the exposure management market sees opportunities in advancing AI and ML for predictive threat analysis, expanding cloud services necessitating robust security, increasing demand for regulatory compliance solutions, and the growing awareness of cybersecurity risks among SMEs, which plays a crucial role in fueling the growth of the exposure management market. ...... Read More |
March 18, 2024 |
Monoclonal Antibody (mABs) Therapeutics Market worth $497.5 billion by 2029The report "Monoclonal Antibody (mABs) Therapeutics Market by Production Method (In-Vitro, In-Vivo), Sources (Human, Chimeric), Route of Administration (Intravenous, Subcutaneous), Therapy (Inflammatory & Autoimmune, Oncology, Hematology) - Global Forecast to 2029", is projected to reach USD 497.5 billion by 2029 from an estimated USD 252.6 billion in 2024, at a CAGR of 14.5% during the forecast period of 2024-2029. ...... Read More |
March 15, 2024 |
Testing, Inspection, and Certification Industry worth $280.7 billion by 2029The report "Testing, Inspection, and Certification Market by Service Type, Sourcing Type (In-house, Outsourced), Application (Consumer Goods & Retail, Agriculture & Food, Industrial & Manufacturing, Medical & Life Sciences) and Region - Global Forecast to 2029" The global testing, inspection, and certification market was valued at USD 233.2 billion in 2024 and is projected to reach USD 280.7 billion by 2029; it is expected to register a CAGR of 3.8% during the forecast period Te rise in demand for testing, inspection, and certification services is attributed to stringent government regulations aimed at ensuring product safety and environmental protection, the demand for interoperability testing due to IoT adoption, and the surge in trade involving counterfeit and defective pharmaceutical products. Additionally, the growing emphasis on digitalization to enhance customer experience and the heightened importance placed on food safety and hygiene are expected to drive further expansion of the TIC market in the foreseeable future. ...... Read More |
March 15, 2024 |
X-Ray Detectors Market worth $4.2 billion by 2029The report "X-Ray Detectors Market by Technology (FPD (Csl, A-si, A-se, Gadox, CMOS, Fixed, Portable, Retrofit), Line scan, CCD, CR), Application (Medical (Ortho, mammography, oncology, Chest, fluoroscopy, CVD, surg), Vet, Defence) - Global Forecast to 2029", is projected to reach USD 4.2 billion by 2029 from USD 3.1 billion in 2023, at a CAGR of 5.0% from 2023 to 2029. The market is experiencing growth driven by increased investments in the enhancement of healthcare facilities and digital imaging technologies. The demand for early diagnosis is on the rise, leading to an expanded scope of clinical applications for X-ray detectors. Additionally, the prevalence of chronic disorders requiring prompt examinations is increasing, compounded by the growing trend of sedentary lifestyles. ...... Read More |
March 15, 2024 |
Field Service Management Industry worth $7.3 billion by 2028According to a research report "Field Service Management Market by Offering (Solutions, Services), Deployment Mode (On-premises, Cloud), Organization Size, Vertical (Manufacturing, Transportation & Logistics, Construction & Real Estate) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Field Service Management Market is expected to grow from USD 4.0 billion in 2023 to USD 7.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period. The growing manufacturing sector and expanding services industries boost the growth of the field service management market during the forecast period. ...... Read More |
March 15, 2024 |
Gas Separation Membrane Market worth $1.6 billion by 2030The report "Gas Separation Membrane Market by Module, Material Type, Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, CDR, Vapor/Gas Separation, Vapor/Vapor Separation, Air Dehydration, H2S Removal), and Region - Global Forecast to 2030", gas separation membrane market is projected to reach USD 1.6 billion by 2030, at a CAGR of 7.4% from USD 1.0 billion in 2023. ...... Read More |
March 15, 2024 |
Laser Capture Microdissection Market worth $306 million by 2029The report "Laser Capture Microdissection Market by Product (Instruments, Consumables, Software, Services), System Type (Ultraviolet, Infrared, Immunofluorescence), Application (R&D (Molecular Biology, Cell Biology, Forensics), Diagnostics) - Global Forecast to 2029", is projected to reach USD 306 million by 2029 from USD 184 million in 2024, at a CAGR of 10.6% during the forecast period of 2024 to 2029. The growth of this market is driven by increasing demand of laser capture microdissection in cancer research, collaborations between academic institutions, research organizations, and industry players to develop innovative LCM technologies. Additionally, continuous advancements in laser technology, microscopy, and automation have led to improved precision, efficiency, and ease of use of LCM systems. ...... Read More |
March 14, 2024 |
Passenger Information System Industry worth $52.6 billion by 2028According to a research report "Passenger Information System Market by Offering (Solutions and Services), Location (On-board and In-station), Transportation Mode (Railways (Trains and Trams), Roadways, and Airways & Waterways) and Region - Global Forecast to 2028" published by MarketsandMarkets, the passenger information system market is expected to reach USD 52.6 billion by 2028 from USD 29.3 billion in 2023, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. ...... Read More |
March 14, 2024 |
EPDM Market worth $5.2 billion by 2028The report "EPDM Market by Application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables and Lubricant Additives), Manufacturing Process, Region (North America, Europe, APAC, MEA, and South America) - Global Forecast to 2028", size is estimated to be USD 3.9 billion in 2023, and it is projected to reach USD 5.2 billion by 2028 at a CAGR of 5.9%. The growth of the EPDM market is primarily driven by the rising automotive sector which helps to generate the demand for EPDM across the industry. Apart from this, the increasing use of EPDM polymer in the blended products also helps to drive the market. Availability of the susbstitutes for EPDM in the market, becomes the main restraining factor in this market. However, the growing demand for EVs, and development of environment-friendly technology for EPDM production, provides lucrative opportunities for EPDM producers. Anti-dumping duties imposed by China, and recycling issues of EPDM, are the major challenge of this market. ...... Read More |
March 14, 2024 |
Aircraft Engine Test Cells Industry worth $4.1 billion by 2028The report "Aircraft Engine Test Cells Market by Engine Test (Turbofan, Turbojet, Turboshaft, Piston Engine and Apu), End User (Oems, Mros, Airlines and Operators), End-Use Industry, Point of Sale, Solution Type & Region - Global Forecast to 2028" The aircraft engine test cells market is projected to grow from USD 3.3 billion in 2023 to USD 4.1 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. The market growth can be attributed to the growing investments in establishing new aircraft engine test facilities. The aircraft engine test cells market includes major players Safran (France), MDS Aero Support Corporation (US), Calspan Corporation (US), Atec, Inc. (US), and CEL (Canada). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World. ...... Read More |
March 14, 2024 |
IoT-based Asset Tracking and Monitoring Industry worth $9.2 billion by 2029The report "IoT-based Asset Tracking and Monitoring Market by Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS, ZigBee, Thread), Monitoring Type (Indoor, Outdoor), Application (Manufacturing, Automotive), Region - Global Forecast to 2029" The global IoT-based asset tracking and monitoring monitoring market size is expected to grow from USD 5.0 billion in 2024 to USD 9.2 billion by 2029, at a CAGR of 12.8% from 2024 to 2029. Machine-to-machine (M2M) applications, such as asset tracking, are on the other extreme of the complexity and sophistication scale, pushing the boundaries of what is technically achievable. The adoption of IoT for asset tracking is based on commercial realities. A delivery vehicle is an example of a typical M2M and asset tracking combination. A wireless transmitter and GPS positioning are combined in an active asset tracking system for fleet management, which offers the vehicle’s real-time location, engine data, and similar status at all times, as well as alerts regarding any attempted heist or tampering with the truck. As the controller in the head office can divert the vehicle to a new pick-up spot or avoid traffic congestion, it also supports increased efficiency. ...... Read More |
March 14, 2024 |
Open Banking Solutions Industry worth $11.7 billion by 2028According to a research report "Open Banking Solutions Market by Offering (Solutions, Services), Application (Payment, Banking, Digital Lending), Digital Channel (Mobile, Web), Deployment Model, End User (Account Providers, Third-party Providers) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Open Banking solutions market size is expected to grow from USD 5.5 billion in 2023 to USD 11.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 16.0% during the forecast period. Stringent regulations like PSD2 and CMA Order drive adoption of the market, innovations in APIs, data analytics, and cybersecurity, and Fintech companies offering agile solutions that disrupt traditional banking models are a few fundamental driving forces to leverage Open Banking solutions adoption across verticals and regions. ...... Read More |
March 13, 2024 |
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