Market Research

  The vision inspection system is anticipated to witness significant growth in the inspection machines market owing to the factors such as the rising number of counterfeit drugs and increasing product recalls as well as the adoption of GMP practices and novel inspection systems by the pharmaceutical industry. The increasingly stringent regulatory measures in maintaining a secure drug supply in the wake of rising counterfeit drugs, and the introduction of technological advanced products have increased the adoption of innovative inspection systems for the real-time tracking, tracing, and authentication of drugs in the pharmaceutical industry. These factors are projected to increase segment growth over the forecast period. For instance, according to the WHO report, there has been an increase in the number of cases of substandard and falsified (SF) medical items by 52% in 2021 as compared to the previous year. Similarly, in 2021, WHO’s worldwide surveillance and monitoring system for s...

  The country's thermal power generation share was 80% in 2021. It is also expected to have a significant share during the forecast period due to Nigeria’s continuous and reliable gas supply to power the gas-fired power plants. In January 2021, the federal government planned to add six coal-based power generating plants to the existing ones by 2037. It also fabricated plans to add nine gas-fired power plants, making it a total of 15 power plants, expected to be operational by 2037. In February 2020, the Nigerian National Petroleum Corporation and the United States Trade and Development Agency signed a USD 1.1 million deal to construct gas-based NNPC Abuja Independent Power Project. The 1350 MW plant is expected to be constructed by the EPC companies General Electric and CMEC (China Machinery Engineering Corporation). The gas supply will be provided by the proposed pipeline, Ajaokuta-Kaduna-Kano (AKK).  Due to such factors, the thermal power market is expected to boost the powe...

  Firefighting foams are used in refineries, tank terminals, bulk fuel storage tanks, tank farms, LNG facilities, offshore platforms, and floating production storage and offloading (FPSO), where the main fire risks are hydrocarbon fires (Class B fire). Also, hydrocarbon fires comprise crude oil, fuel, gas, and shale oil.  Some of the major oil extracting countries are the United States, Saudi Arabia, Russia, Canada, Iraq, and Iran, accounting for about 57% of the total world’s oil extraction.  Depending upon the class of fire and type of fuel or solvent set on fire, different types of foaming agents are used. The type of foaming agents differs and is customized based on the type of industry.  The oil and gas industry’s suitable type of foaming agent is aqueous film-forming foam, and it is the fastest considered type of firefighting foam.  The firefighting foam market is expected to register a CAGR of more than 4% during the forecast period (2022-2027). Read Full...

  Asia-Pacific is expected to dominate the global market owing to the highly developed automobile sector in China, Korea, Japan, and India, coupled with the continuous investments done in the region to advance the driving technology sector through the years.  NVH materials are being used in combustion engine vehicles, hybrid vehicles, and electric vehicles. So, the demand for these materials is expected to be constant.  In developing countries, the demand for passenger cars has been significantly increasing due to the growing in middle-class incomes, technology and sales promotions provided by automobile manufacturers to people.  According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Asia-Pacific leads global automobile production in recent years. China is the largest producer of automobiles the count The market for automotive NVH materials is expected to grow at a CAGR of less than 6% globally during the forecast period.  Increasin...

  Avocado production in South Africa is an export-oriented industry aimed primarily at the European market, accounting for more than 50.0% of the total exports. The free trade agreement between the European Union and South Africa is promoting an increase in exports to the European Union. The climatic variability between the growing regions gives the industry the ability to produce avocados from the end of February to the beginning of September. In addition to exports, the domestic consumption of avocado has increased over the last few years, resulting in a rise in imports during the off-season. Fuerte avocado is the most commonly preferred avocado among South African consumers. About 40.0-45.0% of South Africa's avocados are exported, 10.0-15.0% are processed, and the rest are sold locally. With recent efforts from the South African government to provide market access to the United States, China, and Japan, the market for avocados is expected to grow during the forecast period. The...

  In 2020, private Canadian insurers registered CAD 71.0 billion in direct written premiums (CAD 62.8 billion in net written premiums) for insurance on consumers’ homes, cars, and businesses. Of the CAD 62.8 billion in net written premiums, 42.9% was for one line of business: automobile, including commercial vehicle insurance, personal property, commercial property, and liability. COVID-19 has affected the earnings of individual P&C insurers unevenly, but the industry’s overall capital base reached an unparalleled height during the first three quarters of 2020. Specialized lines of insurance, such as boiler and machinery, marine and aircraft, and surety and fidelity, make up about 7.4% of the business. In 2020, auto insurance, required by law in every Canadian province and territory, accounted for approximately half the insurance business written by P&C (Property and casualty) insurers. About 192 private P&C insurance companies compete in the auto insurance business in ...

  In Saudi Arabia, the strong internet penetration has majorly contributed to driving awareness about cosmetics and beauty products among consumers. The country has the highest number of active social media users in the region on various social media platforms, including Instagram, Facebook, Snapchat, and Twitter. Furthermore, the country also has the global highest YouTube watch time per capita. Having gained their popularity through social media, Arabian beauty influencers are slowly becoming today’s most modern entrepreneurs. These influencers have been redefining the industry and are driving the demand for beauty products in the country. Huda Kattan, one of the world’s first and biggest beauty influencers, turned businesswoman through her beauty brand, Huda Beauty, which earns USD 250 million annually and is dominating the color cosmetic market. In this digital age, social media has its significance. People can now express their ideas more easily, and marketers can now reach mo...

  Dyes are used for coloring fabrics. Dyes absorb and reflect light at a specific wavelength, giving the human eye a sense of color. Dyes impart beauty to the fabrics.  With the increased internet penetration, consumers are now looking for easy shopping, better offers, and easy return policies. The growth in online sales contributed to the apparel industry's growth.  Nowadays, clothing is a symbol of aspiration, personality, and status. Consumers have shifted from need-based to aspiration-based clothing. The demand for aspiration clothing increased, which is expected to drive the textile dyes market.  India is a global leader in producing numerous textile products, including silk, cotton, and Multimode Fibre. According to the report published on September 2022 by IBEF, the Indian textile and apparel sector is worth over USD 100 billion and contributes 14% of the nation's industrial output. The Textile Dyes market is projected to register a CAGR of more than 4% during...

  Clinical pathology is estimated to witness significant growth over the forecast period owing to the increasing number of pet pathology tests. These tests encompass cytopathology, hematology, and general pathology. An increasing number of pet owners and their concerns regarding pet health led to the adoption of new innovative diagnostic products for diagnosing purposes. Some of the products are Catalyst Dx and Catalyst One chemistry analyzers. The companion animal diagnostic market is expected to register a CAGR of 9.2% over the forecast period (2022-2027). The COVID-19 pandemic has also caused drastic changes to a normal routine with social distancing and lockdowns in place across the globe. During the lockdown, many people suffered from the loneliness which led to an adverse impact on their mental health. Therefore, many of them had bought companion animals during the lockdown period. For example, a 2020 survey conducted by the Japan Pet Food Association found a 15.0% increase i...

  The demand for fortified foods and beverages market was witnessed to have an increasing trend owing to the rising health consciousness among the consumers and vitamin deficiencies which can cause health disorders such as anemia, scurvy, beriberi, and pellagra, to name a few. Also, studies have mentioned that these are not simply deficiency diseases but conditions present in a relatively well-nourished society. Therefore, food fortification with vitamins was proven effective for tackling the population's nutritional deficiencies. Still, a more reasonable approach is to use food fortification to support but not replace dietary improvement strategies (i.e., healthy education campaigns). Furthermore, frequent launches of newly formulated products with modified blends of vitamins are likely to fuel the market's growth, such as Alpha mind Vitamin-Infused Coffee, Snap Super Candy (vitamin-infused snacks), vitamin-infused water, and vitamin D fortified milk. The global food fortifyin...

  An increase in the number of road accidents and the rising prevalence of chronic diseases are the major factors driving the growth of the market studied. In July 2022, According to the Association for Safe International Road Travel, The United States is one of the busiest countries in terms of road traffic with nearly 284 million vehicles in operation as of the third quarter of 2021. It was further reported that more than 228.7 million drivers were holding valid driving licenses as of 2020. This level of traffic is one of the reasons leading to more road accidents. In September 2020, there were some 12.15 million vehicles involved in crashes in the United States, with over half that volume being passenger cars. Thus, the increasing road fatalities and crashes are increasing the demand for blood group typing. This is expected to augment the demand for the blood group typing market over the forecast period. The blood group typing market is expected to register a CAGR of 9.5% over t...

  North America has been one of the leading regions in market size and growth for EDR technology. The presence of major technology companies, innovative startups, and research institutions has contributed to the development and adoption of EDR solutions in the region. The market has witnessed steady growth driven by the demand for advanced marketing tools, personalized customer experiences, and applications in healthcare and wellness. North America has been at the forefront of technological advancements, including artificial intelligence (AI), machine learning (ML), and computer vision, which are critical for developing EDR technology. The region has a robust ecosystem of research and development centers, universities, and tech companies that contribute to the continuous innovation and improvement of EDR systems. The IoT connections in the region are expected to reach 5.9 billion by 2025. Such growth is expected to enable marketers to attain authentic consumer insights and improve ...

Coiled tubing services are most preferred in well intervention applications since they enable operations such as stimulation, re-perforation, fluid pumping, fishing, sand control, and zonal isolation. The increasing capital expenditure on well performance enhancement and well cleaning is expected to drive the well intervention segment. For depleting reservoirs, wells require completion or mechanical operations, such as fishing, perforation of producing wells, scale removal, setting a plug or packer, and increased production. Demand for these services is expected to drive the well intervention segment for coiled tubing over the forecast period. The demand for well intervention operations in maturing offshore fields in the Gulf of Mexico and other onshore fields in the United States is driving the coiled tubing services market. Moreover, the continuous shale gas exploration activities in North America and some Asia-Pacific countries, which have the presence of major upstream operators, a...

  Engineering plastics find applications in various industries, such as automotive, packaging, and electrical and electronics. Engineering plastics at the global level had a revenue of USD 105 billion in 2022. Engineering plastic consumption in Asia-Pacific witnessed a growth of 7.18%, by value, in 2022 compared to 2021 and had the largest share of 55.62%. This was attributed to the packaging and electrical and electronics industries, which held 18.52% and 42.25% of the market shares, respectively, by value. With the rising demand for ready-to-eat convenience food, the consumption of packaging materials has increased, bolstering the sales of engineering plastics in the region. The surge in demand for electronic devices is a consequence of companies adopting work-from-home models and people setting up home offices. Africa is the fastest-growing region for the consumption of engineering plastics, and it witnessed a growth of 7.39% in terms of value in 2022 compared to 2021, led by th...

  Asia-Pacific is the dominant region for the vegetable oil market across the world, and in Asia-Pacific, China holds the largest share of vegetable oil consumption and production. Though the production volume is high, consumption exceeds production, resulting in higher import volumes when compared to export volumes. For instance, according to the US Department of Agriculture, in 2021, China's population consumed around 2.6 million metric tons of sunflower seed oil, an increase from approximately 2.07 million tons in the previous year. The vegetable oil market is competitive, and the practical strategies adopted by the key players in the market studied include product innovations, partnerships, expansions, and mergers and acquisitions. Sime Darby Plantation Berhad, Wilmar International Limited, Bunge Limited, Golden Agri-Resources, and Archer Daniels Midland Company are some prominent players in the market studied. The major players in the market have a broad geographical presence ...

  The Asia-Pacific region continues to dominate the market, and the manufacturers in this region offer high-cost reductions owing to the availability of low-cost labor and raw materials. Furthermore, the region comprises some high-potential countries, such as China and India, which accounted for 21.4 million and 3.6 million, respectively, approximately 34% of the total global vehicle production. The increasing popularity of active braking systems boosts the sales of luxury and premium vehicles. The companies are primarily focused on developing eco-friendly, reliable, and robust braking systems. The key players have made heavy investments in the field of research and development to increase their market shares and ensure healthy growth. Automobile companies are constantly producing new and enhanced products for the comfortable and safe driving of vehicles. Companies are providing anti-lock braking systems integrated with electronic stability control (ESC) to prevent skidding, thus b...

  North America is expected to hold a significant share of the peptide and anticoagulant drugs market throughout the forecast period due to the increasing necessity of drugs for cancer, increasing prevalence of cardiovascular disorders and other diseases, and high demand for peptide and anticoagulant drugs. The United States holds the largest market share in the North American region due to factors such as the increasing burden of cancer and the increasing prevalence of cardiovascular disorders, which is anticipated to stimulate the demand for peptide and anticoagulant drugs. The rising prevalence of various cancer in the region is stimulating the market's growth. For instance, as per the Canada Cancer Society's statistics for 2022, around 6,700 Canadians were diagnosed with leukemia in 2021, out of which 4,000 were men and 2,700 were women. As per the American Cancer Society's data for 2023, around 59,610 new cases of leukemia and 20,380 new cases of acute myeloid leukemia...

  North America mainly dominates the market for IoT in manufacturing. This region has developed economies, like the United States and Canada, which heavily invest in R&D activities related to the market, thus contributing to the development of new technologies. With the early adoption of trending technologies like mobility, big data, and IoT, manufacturers are eager to integrate IoT technologies into their processes. Connected devices and data flow are already finding applications in manufacturing. Therefore, accelerated deliveries can now be expected as the infrastructure cost is reduced. In order to stay competitive, manufacturers are leveraging IoT and analytics to run and improve businesses. In the United States, about 35% of manufacturers collect and use data generated from smart sensors to enhance manufacturing processes. According to a study, around 34% of the manufacturers believe that US manufacturers must adopt IoT in their operations. For manufacturers, IoT has becom...

  Asia-Pacific holds a significant share of the release liners market, and it is expected to witness the fastest growth during the forecast period. Release liners are found in many components of vehicle production, from pressure-sensitive tapes for brakes lights, carpets, upholstery, and door trim, to the wide variety of gaskets used for vibration reduction and sound dampening and the emerging production of batteries for EV vehicles. The demand for release liners majorly arises from the automotive and medical sectors in China. With the increasing investments in the country’s automotive, medical, and packaging sectors, the demand for release liners is expected to increase during the forecast period. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, automobile production in the country amounted to 2,70,20,615 units, which showed an increase of 3% compared to 2021. Therefore, the release liners market in the country is likely to ...

  North America holds a considerable share of the global digital forensics market due to its robust economy, technological advancements, and high incidences of cybercrime. The market has been experiencing steady growth, driven by increasing cyber threats, regulatory compliance requirements, and the need for effective digital investigations. The law enforcement and government sectors are North America's primary digital forensics services and solutions consumers. Law enforcement agencies rely on digital forensics to investigate cybercrimes, fraud, intellectual property theft, and other criminal activities involving digital evidence. North America is expected to have a prominent share in the digital forensics market, where governments and private citizens can use this technology for criminal and civil cases. Agencies, like the FBI and State Police departments, are using this technology to catch criminals and terrorists involved in illegal activities online. In the private sector, this...

  Asia-Pacific is expected to lead the market owing to the immense automotive industry size in major countries like China, India, Indonesia, and Thailand. The region is also home to major manufacturers of fuel cell vehicle technology. Toyota is conducting extensive R&D to develop hydrogen fuel cell-powered vehicles during the forecast period. Additionally, several new developments in the way of investments into fuel cell-powered vehicles are further expected to increase the demand for fuel cell commercial vehicles in the region. Several major cities and countries have released their goals to reduce commercial vehicle emissions, with plans for hydrogen technology and investments in this sector. The Japanese government is banking on hydrogen vehicles to achieve carbon neutrality by 2050. It has set an ambitious target of having 200,000 FCVs on the road by 2025, compared to about 3,600 in 2019, along with 320 hydrogen filling stations under its third Strategic Roadmap for Hydrogen...

  The neuro-robotic devices segment projects significant growth in the neurorehabilitation devices market. It is anticipated to show a similar trend over the forecast period owing to the increasing burden of neurological diseases, technological advancements in robotics, and their combination with neuroscience, coupled with the launch of newer products. Neuro-robotic devices combined with neuroscience and rehabilitation are the new methods for treating neurological disorders, which provide different ways of treatment depending on the specific function to be restored. Robotic devices for neurorehabilitation can be divided into two main categories based on the different types of physical human-robot interactions, such as end-effector devices and exoskeletons. The research studies performed to understand the effectiveness of the robotic approach in neurorehabilitation also contribute to the adoption of devices and thus drive the growth of the segment. For instance, in an article publis...

  The main factors driving the growth in the market for surveillance camera are its requirement to keep real time tracking in every direction on the road, facilitating the identification of traffic violators for reducing accidents and managing traffic more efficiently. Surveillance cameras are exposed to weather and hence can get damaged due to natural and human causes, so they are supposed to be changed and this creates additional demand for the segment. For instance, In April 2019, Sensys Gatso Australia, the company has received a contract extension to the value of USD 5 million (AUSD7million) for the supply of mobile camera systems and services to the Government of the State of Victoria. These types of developments are poised to help the market witness a growth over the forecast period. The Asia Pacific integrated traffic systems market is estimated to grow at a high CAGR during the forecast period. The growth of the Asia Pacific region is due to increased urbanization and vehi...

  The cold chain logistics segment is expected to witness a significant growth rate during the forecast period. This growth is attributable to the rising demand for ambient products, such as the ongoing distribution of COVID-19 vaccines, which requires accurate temperature-control logistics services to maintain the product's efficacy. Furthermore, the stringent government regulations to maintain accurate temperatures for highly temperature-sensitive pharmaceutical products are expected to boost segment growth through the forecast period. The growing adoption of telematics in cold chain pharmaceutical logistics is helping companies to enhance the efficiency, connectivity, and safety of transport cargoes. Most biological and medical products require a temperature-controlled environment during manufacturing and distribution, which helps maintain the effectiveness and quality of the medicines. Thus, pharma companies are using temperature-controlled transportation and cold storage syste...

Asia-Pacific is the largest Region The region with the most consumption of seafood in 2021 is the Asia-Pacific region. The seafood market in the region is driven by the growing aquaculture sector. China is heavily dependent on fish and shrimp farming and has made large-scale investments in the sector. In 2022, two Chinese state-owned corporations are set to complete the construction of an offshore aquaculture system with a 100,000-ton platform to be docked in the Yellow Sea. The fastest-growing region globally for seafood is Africa, which is projected to register a CAGR of 2.65% during the forecast period. The European market is another promising region to look out for and is projected to register a CAGR of 0.38% from 2022 to 2028. One of the largest imports of seafood in the region is tuna, more specifically, processed tuna. In 2020, processed and preserved seafood accounted for 32% of the total expenditure on seafood products in EU households, where 10% of the value came from dried, ...

  The growing preference for convenient snacking and easier consumer accessibility through the advancing retail sector is among the few factors augmenting the wafer biscuit market's growth. The shift in consumption towards bakery products owing to better appeal, taste, and convenience is a significant driver of market growth.  In addition, the rising demand for convenience foods is propelling market growth. While demand for nutrition is growing worldwide, wafer biscuit consumption is rising accordingly. Demand for wafer biscuits in the snack category has increased daily because of an active lifestyle, less time spent cooking homemade food, and rising income. Moreover, the booming demand for healthy snacking has led many manufacturers to introduce health-efficient biscuits with fortified active ingredients, mainly protein, fiber, and vitamins. As per a survey done by the International Food Information Council (IFIC) in the United States in 2021, about 27% of respondents said th...

  The veterinary hospital segment is expected to witness significant growth in the market, owing to the rising livestock population, higher prevalence of transmitting diseases, and increasing artificial insemination techniques. In India, Animal Husbandry Department launched a program to safeguard its employees and farmers against COVID-19. The veterinary hospitals provided artificial insemination services during the COVID-19 pandemic with preventive measures, such as gloves, masks, sanitizers, and floor cleaners, to maintain the optimal level of hygiene. In the United States, ABC Veterinary Hospital provided artificial insemination services by keeping staff and pet parents safe during the COVID-19 outbreak and implemented new procedures to prevent COVID-19 infection. Globally, an increasing number of hospitals performing artificial insemination techniques and a rising number of veterinarians are driving the market growth. For instance, as per Animal Husbandry, Dairying and Fisherie...

  Optoelectronic products covered under the study scope include photodiodes, phototransistors, optical spectrum analyzers, solar panels, and other optoelectronic devices, excluding LED products. GaN-based transistors are discovering new ways, particularly in optoelectronics, compared to SiC-based, as they are faster and more efficient. GaN has 1,000 times the electron mobility of silicon, along with relatively stable operability at higher temperatures. ​ Recent advancements in the field of optoelectronics, such as plasmonic nanostructures, perovskite transistors, optically active quantum dots, microscopic light bulbs, low-cost 3D imaging, laser-powered 3D display technology, and Laser Li-Fi, are expected to cause a quantum shift in the dynamic applicability areas of optoelectronic apparatus. In September 2021, the National Science Foundation (NSF) declared that it would support a new project that seeks to give atomic-level accurateness to the gadgets and technologies that unde...