Smart insulin pens market is anticipated to grow at a CAGR of 10.0% during the forecast period (2024-2031). Smart insulin pens calculate and track doses and provide helpful reminders, alerts, and reports which come in the form of an add-on to the current insulin pen or a reusable form, which uses prefilled cartridges instead of vials or disposable pens.
Smart implants market is anticipated to grow at a CAGR of 19.0% during the forecast period (2024-2031). Smart implants refer to a sophisticated medical device that is surgically placed inside the body during medical procedures. It is equipped with advanced sensors, electronic components, and connectivity features. These implants are designed to monitor physiological parameters, deliver targeted therapies, and provide real-time data to healthcare professionals.
Prediabetes market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). Prediabetes refers to an intermediate stage of glucose dysregulation situated between standard glucose tolerance and diagnosed diabetes. It is a condition characterized by elevated blood sugar levels that are not high enough to be classified as Type 2 diabetes.
Pipeline Monitoring System market is anticipated to grow at a CAGR of 7.6% during the forecast period (2024-2031). The market for pipeline monitoring systems has increased as a result of increasing pipeline installations, leaks owing to corrosion, and growing environmental concerns, which are driving monitoring system adoption by the oil and gas industry.
Next generation memory market is anticipated to grow at an exponential CAGR of 26.5% during the forecast period (2024-2031). Next-generation memory is a category of computer memory technology that is currently under development. It is a rapidly evolving sector within the semiconductor industry. Next-generation memory is designed to improve on the limitations of traditional memory types like DRAM and NAND flash. The growing development in the field of next generation memory to improve on the limitation of traditional memory is a key factor driving the growth of the global market.
IoT microcontroller market is anticipated to grow at a CAGR of 12.6% during the forecast period (2024-2031). The growing adoption of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are the key factors supporting the growth of the market globally. Network interfaces are used by microcontrollers to communicate locally with other devices and to send data to an Internet of Things application for analysis. Additionally, they are made to support a variety of network protocols, including Bluetooth, WI-Fi, and cellular networks like 4G and 5G.
IPD market is anticipated to grow at a CAGR of 12.6% during the forecast period (2024-2031). The growing adoption of wireless communication technologies with increased demand for integrated passive devices in RF (Radio Frequency) applications, such as mobile devices, IoT devices, and 5G infrastructure drive the growth of the market. IPDs are being increasingly used in consumer electronics such as gaming systems, wireless speakers, routers, set-top boxes, drones, Wearable and hearable technology, smart TVs, and smart appliances.
Digital image processing market is anticipated to grow at a CAGR of 10.8% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of AI in computer algorithms to manipulate and analyze digital images. Digital image processing systems with AI capabilities may automatically analyze and interpret images, resulting in processing that is more accurate and efficient. Defect detection, product inspection, and quality control are all aided by digital image processing. It ensures that fulfills specific requirements and supports the upkeep of superior production techniques.
Computer numerical control machines market is anticipated to grow at a CAGR of 13.1% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of computer numerical control (CNC) machines to automate manufacturing processes. Human error and labor expenses can be decreased by using computer numerical control equipment, which can perform complex jobs with high precision and consistency.
Brain health supplements market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024-2031). The primary factors propelling the market's expansion are rising consumer awareness of mental health issues and the growing use of natural and herbal health products.
V2X cybersecurity market is anticipated to grow at a CAGR of 20.3% during the forecast period (2024-2031). V2X cybersecurity solutions help to protect V2X communication, ensuring the security of connected and autonomous vehicles. It is used widely for applications like advanced driver assistance systems (ADAS), autonomous driving, and smart city infrastructure. Rising adoption of connected vehicles, government regulations, growing concern about cybersecurity threats in the automotive industry, and technological advancements in the V2X industry are driving demand for V2X cybersecurity solutions.
Dermatology imaging devices market is anticipated to grow at a CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of optical coherence tomography (OCT), dermatoscopes, and digital photographic imaging devices is the key factor supporting the growth of the market globally. Dermatologists and surgeons can diagnose and treat skin diseases with the aid of dermatology devices. Numerous healthcare facilities, including hospitals, dermatology clinics, medical clinics, and university research centers, use these devices.
Chemical sensor market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031). Chemical sensors are devices that detect and convert chemical information (such as concentration, pressure, activity of particles) into an electrical signal to obtain qualitative or quantitative time- and spatial-resolved information about specific chemical components. The high application of these sensors in the end-user industries is a key factor driving the growth of the global chemical sensor market.
AdTech market is anticipated to grow at a CAGR of 12.7% during the forecast period (2024-2031). The growing adoption of artificial intelligence (AI) and machine learning (ML) in advertising, with improving personalized and effective Ad targeting is the key factor supporting the growth of the market globally. Innovative technologies to increase campaign performance and brand exposure, AdTech marketing agencies are essential in navigating the ever-shifting landscape of digital advertising.
5G security market is anticipated to grow at a CAGR of 13.4% during the forecast period (2024-2031). The growing adoption of 5G security solutions is increasingly in demand owing to network slicing and significant security expansion over 4G and LTE with strict government laws aimed at preventing data thefts through the use of 5G applications is the key factor supporting the growth of the market globally. The 5G security is designed to address enhanced mobile broadband (eMBB), massive machine-type communication (mMTC) and ultra-reliable low-latency communications (URLLC).
Aircraft lighting market is anticipated to grow at a CAGR of 8.2% during the forecast period. Aircraft lighting consists of landing lights, position lights (wing and tail), formation lights, cabin lights (dome and worktable), indicator lamps, bomb-release signal lights, inter-aircraft control-lamp assemblies, and instrument lights.
Handheld Game Console market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023-2030) owing to the technological advancements, increasing disposable incomes, changing consumer preferences and the rising availability of various gaming options. The ability to play games online as well as the anywhere without the need for an Internet connection is one of the major benefits of portable gaming consoles. Additionally, the fact that these consoles are lighter and more compact than home video game consoles has helped the market expand further.
Cloud seeding market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). Cloud seeding can be identified as weather modification technique that improves a cloud’s ability to produce rain or snow. This technique is also used to control weather events such as suppressing storms or causing rain in draught effected areas.
Clot management devices market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024-2031). Clot management devices are essential for treating life-threatening conditions such as DVT and PE subsequently percutaneous coronary intervention, removing or dissolving clots from blood arteries, and restoring blood circulation.
Barge transportation market is anticipated to grow at a CAGR of 3.7% during the forecast period (2024-2031). Government regulations on emissions and an increasing emphasis on reducing carbon footprints are forcing businesses to transition to more ecologically friendly barges and vessels. Barges can reduce wear and tear on infrastructure and traffic congestion.
Building-integrated photovoltaics market is anticipated to grow at a CAGR of 21.5% during the forecast period (2024-2031). Building-integrated photovoltaics (BIPV) are photovoltaic materials that are used to replace conventional building materials in parts of the building envelope, such as the roof, skylights, or facades. They are becoming increasingly popular as a way to generate renewable energy and reduce reliance on fossil fuels.
Truck refrigeration unit market is anticipated to grow at a CAGR of 7.7% during the forecast period (2024-2031). Truck refrigeration units are control devices that regulate the temperature of trailers, allowing them to cool down or warm up when turned on or off, preserving perishable products such as frozen fruits, seafood, meats, dairy, and vegetables.
Microbiome diagnostic market is anticipated to grow at a CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of advanced technologies such as 16S rRNA sequencing, shotgun metagenomics, and metatranscriptomics with increasing demand for the human microbiome are key factors supporting the growth of the market globally. The market players are introducing microbiome diagnostic solutions that further bolster the market growth.
Micro-CT market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). The market’s growth is attributed to the need for high-quality 3D imaging modalities like micro-CT is increasing owing to the expanding usage of 3D printing in healthcare, particularly in surgery planning, medical device production, and tissue engineering. According to the National Institute of Health (gov.), in September 2023, globally, 143 million additional surgical procedures are needed each year in low- and middle-income countries to save lives and prevent disability however, the application of AI in the production of organs models through 3D printing and highlights the challenges associated with achieving high-quality, high-throughput models.
Automotive intelligence park assist system market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031). Global automotive intelligence park assist systems are integrated with autonomous driving technologies that allow vehicles to navigate parking lots and streets independently.
Computer-aided Engineering (CAE) market is anticipated to grow at a significant CAGR of 12.7%. CAE is used to simulate performance to improve product designs or assist in the resolution of engineering problems. This includes simulation, validation and optimization of products, processes, and manufacturing tools.
Logistics market is anticipated to grow at a CAGR of 8.1% during the forecast period (2024-2031). The global logistics market is being driven by factors including growing fleet connectivity, developing infrastructure, and improving logistics management through technology integration.
High-speed data converter market is anticipated to grow at a considerable CAGR of 6.6% during the forecast period (2024-2031). High-speed data converter is an electronic circuit designed to transform data from analog sensor nodes into the digital domain or vice versa at high speeds, such as in telecommunications, medical imaging, radar systems, and data acquisition systems.
Alkaline battery market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period. The growing demand for alkaline battery from end-user industries is a key factor driving the growth of the global market. However, the high cost of these batteries may restrain its market growth.
Pedestrian detection system market is anticipated to grow at a significant CAGR of 14.5% during the forecast period (2024-2031).A Pedestrian Detection System (PDS) is a technology that uses sensors, cameras, and artificial intelligence (AI) to identify pedestrians near vehicles, helping to prevent or mitigate potential collisions. It is a type of Advanced Driver-Assistance System (ADAS) which is a part of almost all kinf of expensive vehicles and now companies are providing in lower segment vehicales as well
Medical document management systems market is anticipated to grow at a CAGR of 11.9% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for use of medical document management systems to update obsolete processes and infrastructure, the healthcare sector occurs through a technological transition that can enhance patient outcomes.
IT devices market is anticipated to grow at a CAGR of 9.1% during the forecast period (2024-2031). The IT devices market is a broad term that encompasses a wide range of devices used for information processing, communication, and entertainment. This includes everything from traditional computers and laptops to smartphones, tablets, wearables, and even smart home devices.
Drill bit market is anticipated to grow at a CAGR of 5.8% during the forecast period (2024-2031). Increasing mining operations, expanding infrastructure construction, and increasing demand for oil, and gas in growing nations as a result of industrialization, urbanization, and population growth. The oil and gas sector makes extensive use of drill bits made of various materials, including carbide, tungsten, and diamond.
Affective computing market is anticipated to grow at a significant CAGR of 26.2% during the forecast period (2024-2031).Affective computing refers to a class of computer-based solutions that analyze data about human behavior, such as facial expressions, gestures, and language, for its emotional information. The growing need to read human emotions to offer personalized products and services is a key factor driving the growth of the global affective computing market. However, data safety and security concern is estimated to be the major constraints for the market growth.
Touch screen controllers market is anticipated to grow at a significant CAGR of 13.2% during the forecast period (2024-2031). The growing trend for touch screen gazettes is a key driver for the global market growth. Technical complications to retain the right refresh rate and power consumption in accordance to rapidly changing touch screen devices may restrain the global market growth.
Self-expanding stent market is anticipated to grow at a moderate CAGR of 4.5% during the forecast period (2024-2031). The ongoing advancements in self-expanding stents, continuous R&D activities to find novel applications for these stents along the increasing prevalence of targeted diseases are some of the key factors driving the growth of the global market.
Screenless display market is anticipated to grow at a significant CAGR of 28.4% during the forecast period (2024-2031). The continuous innovation in screenless display technology along with growing demand for highly advanced gazettes among tech-savvy consumers is a key factor driving the global screenless display market. The high cost of manufacturing this complicated technology is a key hindrance to its market growth.
Lab automation in genomics market is anticipated to grow at a significant CAGR of 11.5% during the forecast period (2024-2031). The increasing advancements in genomic research, increasing prevalence of chronic disorders, and growing demand for lab automation are major factors driving the global market.
Hemodynamic monitoring devices market is anticipated to grow at a moderate CAGR of 3.2% during the forecast period (2024-2031). The increasing demand for hemodynamic monitoring devices to monitor the rising geriatric population which is highly susceptible to chronic diseases is a key factor driving the global market growth. The increasing prevalence of hypertension has led to a rising demand for rapid, accurate diagnostic solutions, that and cost-effective.
Healthcare asset management market is anticipated to grow at a significant CAGR of 28.4% during the forecast period (2024-2031). Improved patient care, ea00sy access to supplies to healthcare staff, increased staff productivity, improved operational efficiency, and better resource utilization along with safe disposal of medical waste are the key benefits of using a healthcare management system. The increasing adoption rate of this system among healthcare facilities owing to its offered benefits is a key factor driving the growth of the global market.
Generative AI in marketing market is anticipated to grow at a considerable CAGR of 35.8% during the forecast period (2024-2031). The global market is driven by the growing demand for AI generated content for strategic marketing moves from several end-user industries. Growing investments in this field along with software advancement are further aiding the market growth.
Contrast media market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. Contrast media (CM) are chemical substances used in medical imaging techniques to enhance the differences between body tissues in images. The global market is driven by the increasing incidences of chronic diseases, rising demand for image-guided procedures and diagnostics, and a large number of approvals for contrast agents.
Contraband detector market is anticipated to grow at an exponential CAGR of 4.5% during the forecast period (2024-2031). Government-enacted laws & regulations aimed at reducing drug & associated material trafficking is a major factor driving the global market.
AI in food & beverages market is anticipated to grow at an exponential CAGR of 37.5% during the forecast period (2024-2031). The global market is driven by the growing demand for AI in food & beverage industry for food sorting, quality maintenance, and supply chain management. Growing investments in this field along with software advancement are further aiding the market growth.
Aesthetic threads market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2024-2031). The global market is driven by the growing cosmetic surgical procedures and high demand for minimally invasive procedures. The growing geriatric population that highly opts for these procedures to look younger and aesthetically appealing is further aiding the market demand.
Gene expression analysis market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031). The increasing advancements in genomic research, increasing prevalence of chronic disorders, and growing demand for gene expression analysis tools are major factors driving the global market.
AI in fashion market is anticipated to grow at an exponential CAGR of 26.0% during the forecast period (2024-2031). The market’s growth is attributed to the prevailing trend for personalized purchasing experiences to consumers to increase their pleasure and loyalty.
Mobile ECG devices market is anticipated to grow at a CAGR of 11.3% during the forecast period (2024-2031). The growth of this market is attributed to the increasing prevalence of arrhythmias and is expected to grow because of the aging population and the increase in risk factors for arrhythmias, the increasing cost of cardiac disease management, and the introduction of new and enhanced technological products.
Hard Disk Drive (HDD) market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). A hard disk drive (HDD) is a data storage device that uses magnetic disks to store and retrieve digital data. HDDs are also known as hard drives or fixed disks. The rise in the shift of storage requirements is one of the primary drivers for the increase in market growth. The demand for modern applications, like real-time analytics, online gaming, and AI, calls for lightning-fast data access. This preference for speed pushes cloud providers towards SSDs, which claim significantly lower response times than traditional HDDs.
Radiation detection, monitoring and safety market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031) owing to the rising prevalence of cancer, growing use of nuclear medicine and radiation therapy for the diagnosis, increasing radiation safety awarness, and increasing use of radiation monitoring in different industries. They are essential in a variety of fields and situations where radiation exposure is a possibility, including nuclear power plants, healthcare institutions, industrial locations, research labs, and homeland security.
Pickup truck market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031) owing to the increasing incorporation of lighter materials in pickup trucks, and rising affordability due to growing disposable income. Increasing spending on R&D by major companies enables product launches of new-generation pickup trucks with improved functionality, such as stronger torque, higher payload capacity, and increased fuel efficiency. Additionally, the superior off-road capabilities of pickup trucks have been boosting the market growth.
Automotive transmission market is anticipated to grow at a CAGR of 16.4% during the forecast period (2024-2031). The growing adoption of electrification and hybridization, dual-clutch transmissions (DCT), and advanced manual transmissions with improving autonomous driving and automated transmissions are key factors supporting the market growth globally. The increasing demand for smart transmissions and connectivity with efficiency improvements also drives the market.
Influencer marketing platform market is anticipated to grow at a CAGR of 32.4% during the forecast period (2024-2031). An influencer marketing platform is a digital tool that connects brands with influencers, streamlining campaign management, performance tracking, and payment processing for easier promotion leveraging influencer reach and engagement.
DMFC market is anticipated to grow at a significant CAGR of 12.8% during the forecast period. The growing demand for renewable sources of energy globally to reduce carbon footprints is a key factor driving the growth of the global DMFC market. However, the high cost of the cell technology may restrain its market growth.
Used truck market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2024-2031). One of the primary reasons for the increasing adoption of used trucks is the significant cost savings compared to purchasing new ones. Used trucks typically have a lower upfront cost, allowing businesses and individuals to acquire reliable vehicles without the higher price tag of new models. According to the Used Truck Association, four- to six-year-old trucks brought 3.9% less money than in October, and 40.2% less money than November 2022.
SEO tool market is anticipated to grow at a significant CAGR of 22.3% during the forecast period (2024-2031). SEO tools boost website visibility in search engine results pages by addressing link building, keyword research, content analysis, and backlink profiles; additional features optimize content, analyze performance, and provide detailed data for development.
Sales intelligence market is anticipated to grow at a significant CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of AI, automation, and data management with improving optimization and data enrichment tools is the key factor supporting the growth of the market globally. The increasing demand for data enrichment software to increase sales conversions and the need for advanced software to boost consumer targeting and connect rates drive the growth of the market.
Platelet aggregation devices market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2024-2031). The market’s growth is attributed to growing acceptability and awareness, in addition to rising demand for platelet screening programs and technology improvements. According to the BCM, in September 2023,the latest advancements in the clinical application of p-EVs, HPLs, and allogeneic platelets in cell therapy, regenerative medicine, and targeted drug delivery systems are examined in depth in this analysis.
Multi-access edge computing market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of ultra-low latency and high bandwidth technology along with 5G data network is the key factor supporting the growth of the market globally. The increasing demand for MEC allows computing, network, and mobile service providers to shift some of the computing and cloud-based processes to the edge of the network environment, achieving better performance, latency, and security resulting drive the growth of the market.
Healthcare data integration market is anticipated to grow at a significant CAGR of 12.4% during the forecast period (2024-2031).The growing adoption of electronic health records and other healthcare IT solutions, favorable government policies, funding programs, and initiatives to deploy healthcare IT integration solutions are the key factors supporting the growth of the market globally.
Automation testing market is anticipated to grow at a significant CAGR of 12.1% during the forecast period (2024-2031). Automation testing is the process of testing software using tools and technologies to minimize testing work and deliver functionality faster and more effectively. It facilitates the production of higher-quality software with less effort. The growing adoption of artificial intelligence (AI) and machine learning (ML) with the improving advanced automation testing techniques is the key factor supporting the growth of the market globally.
Solid electrolyte market is anticipated to grow at an exponential CAGR of 32.8% during the forecast period (2024-2031). A solid-state electrolyte is a non-liquid substance capable of conducting ions, commonly employed in batteries to replace conventional liquid electrolytes. This transition offers various benefits, including improved safety, increased energy density, faster charging, and extended lifespan. Solid-state electrolytes find applications across electric vehicles (EV), consumer electronics, energy storage systems, and medical devices, where they contribute to improved performance and safety standards.
SOFC market is anticipated to grow at an exponential CAGR of 32.8% during the forecast period (2024-2031).SOFCs are electrochemical systems designed to directly convert the chemical energy of a fuel and oxidant into electrical energy. Their operational method, which relies on an electrochemical reaction rather than combustion, makes them remarkably more efficient and environmentally friendly compared to traditional electric power generation methods.
LNG bunkering market is anticipated to grow at an exponential CAGR of 32.5% during the forecast period (2024-2031). LNG bunkering is a framework in which biomass is utilized optimally to produce multiple products and tries to be self-sustaining and not harmful to the environment.
Battery cell market is anticipated to grow at a significant CAGR of 18.4% during the forecast period. The global market growth is driven by the high demand for battery cell among end-user industries including automotive, electronics, and healthcare among others.
Space tourism market is anticipated to grow at an exponential CAGR of 41.6% during the forecast period (2024-2031). Significant factors contributing to the space tourism market include rising advancements in space technology, coupled with users' inclination toward space adventures. The progress in the space tourism sector is creating numerous opportunities for companies to contribute to the development of spacecraft, infrastructure, and support services tailored to the needs of this growing industry.
Commercial aircraft landing gear market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2024-2031). Commercial aircraft landing gear is the undercarriage system supporting an aircraft during landing, takeoff, and taxiing, ensuring safe ground operations.
Automotive e-axle market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). An automotive e-axle, or electric axle, is a consolidated propulsion system present in electric vehicles (EVs) that combines the electric motor, power electronics, and gearbox into a single unit.
Agriculture analytics market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2024-2031). Pivotal factors such as the rising precision agriculture adoption and increasing demand for yield optimization, technological advancements and the emergence of new farm management software in emerging economies such as US, China, and India are driving the global market growth.
Multimodal AI market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031). The growing adoption of multimodal generative AI models with the improving producing data across diverse modalities like texts, images, and audio is a key factor supporting the growth of the market globally. The increasing focus of market players on introducing generative multimodal AI solutions is further aiding to the market growth.
Life science analytics software market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031). The growing adoption of analytics software in clinical trial and design applications is the key factor supporting the growth of the market globally. Analytical software is being used by market players to speed up the discovery of new medications by facilitating a more quantitative, reliable, and collaborative approach to clinical trial design.
Laser marking machine market is anticipated to grow at a significant CAGR of 8.2% during the forecast period (2024-2031). The rise in demand for precision marking which is achievable by laser marking machine as these machines are much accurate is a key factor contributing to the global market growth. The rising demand of customers in personalized machines is also contributing to the market growth.
AI in beauty and cosmetics market is anticipated to grow at a significant CAGR of 19.6% during the forecast period (2024-2031). The market’s growth is attributed to growing demand forAI technologies by beauty brands to provide personalized beauty solutions by analyzing consumer data such as skin profiles and preferences. According to the National Institute of Health (gov.) in September 2021, the deployment of AI in the retail sector has shown promising results, particularly in targeting the top 1.0% of customers who generate significant value for retailers.
Cruise tourism market is anticipated to grow at a signnificant CAGR of 10.4% during the forecast period (2024-2031). The market’s growth is attributed to growing cruise adventure activities. According to the State Of The Cruise Industry, in 2023, in order to accommodate the anticipated rise in cruise capacity globally through 2023 and 2025, it is essential to generate in 4 million newly inclined cruise passengers.
Automated fluid dispensing system market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031).The growing adoption of advanced automation technology with improving fluid dispensing systems is the key factor supporting the growth of the market globally. The increasing demand for automated fluid dispensing in semiconductor manufacturing and circuit assemblies such as the development of advanced integrated circuit encapsulation (AICE) and surface mount technology (SMT) is further aiding to the market growth.
Air duct cleaning chemicals market is anticipated to grow at a moderate CAGR of 3.1% during the forecast period (2024-2031). The market’s growth is attributed to the increasing awareness of indoor air quality, due to the fact that the low air quality could result into health issues such as, allergies and respiratory problems.The influence of indoor air pollution cannot be ignored, especially considering that urban populations spend a significant amount of their time indoors. The COVID-19 lockdowns have further highlighted the dependence on indoor spaces.
AI-enabled testing market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). The AI-enabled testing market integrates AI technologies such as machine learning and natural language processing to automate test case generation, prioritize testing efforts, and predict software defects. It enhances efficiency by automating tasks such as test execution and maintenance, while also improving accuracy through predictive analytics and cognitive testing.
Shoe deodorizer market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period (2024-2031). for the growing incidence of diabetes has driven the demand for shoe deodorize. This is due to the fact that diabeteic people are more likely to experience foot issues owing to neuropathy and poor circulation, necessitating proper foot hygiene, including shoe deodorizers, to prevent infections and complications.
Narcotics scanner market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period. Government enacted laws & regulations aimed at reducing drug & associated material trafficking are a major factor driving the global market. For instance, in November 2023, the Federal Executive Council, FEC, approved the award of a contract for the supply and installation of customized explosive and narcotic detection screening systems in five international airports across Nigeria.
Hip replacement market is anticipated to grow at a moderate CAGR of 3.9% during the forecast period. The rising hip replacement procedures have created demand for the global market. According to the Agency for Healthcare Research and Quality, more than 450,000 total hip replacements are performed each year in the US. The rising prevalence of osteoporosis and, arthritis globally is further aiding the market demand.
Anesthesia devices market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The ongoing advancements in anesthesia delivery and monitoring technology along with the significant rise in the number of surgical procedures requiring anesthesia is a key factor driving the growth of the global market. The growing geriatric population which is highly susceptible to chronic diseases is further aiding the demand for the global market.
Intelligent power module market is anticipated to grow at a CAGR of 10.7% during the forecast period (2024-2031). The growing adoption of intelligent power modules with the increasing end users in various industries is the key factor supporting the growth of the market globally. The increasing application of intelligent power modules in the automotive industry manufacturers using MOSFET meets the automotive industry's stringent quality and reliability standards. The market players are also focusing on introducing intelligent power module solutions that further bolster the market growth.
Human centric lighting market is anticipated to grow at a CAGR of 10.1% during the forecast period (2024-2031). The growing adoption of tunable LED lighting systems for the creation of dynamic lighting environments is the key factor supporting the growth of the market globally. Wellness lighting specifically in the case of circadian lighting, plays an integral role in healthy building design strategies and technologies. The market players are also focusing on introducing human centric lighting solutions that further bolster the market growth.
Healthcare extended reality market is anticipated to grow at a CAGR of 16.2% during the forecast period (2024-2031). The rising need for remote medical consultations is especially accentuated by recent global health crises, the need for advanced training methods, and the growing investments in Extreme Programming (XP) technology by healthcare organizations are some of the major factors contributing to the market growth. Additionally, advances in telemedicine technologies are positively affecting the extended reality sector within healthcare.
Lithium-air battery market is anticipated to grow at a CAGR of 7.2% during the forecast period. Considering recent developments, Lithium-air batteries represent a significant advancement in energy storage technology, in various sectors such as electric vehicles (EV), aircraft, and grid power. Unlike traditional lithium-ion batteries, which rely on internal metal oxides, lithium-air batteries utilize atmospheric oxygen, theoretically providing 5 to 10 times higher energy density.
Dental practice management software market is anticipated to grow at a CAGR of 10.60% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for effectiveness and automation across the globe. Software solutions that simplify administrative processes and improve overall efficiency have been adopted by dental clinics more and more.
Chromatography software market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for efficiency and speed across the globe. The time and complexity involved in chromatographic separations are decreased by chromatography-free mass spectrometry devices, that simplify analytical processes. This effectiveness is a key motivator, particularly in applied market sectors where rapid and easy assessments are essential.
Cardiac arrhythmia monitoring devices market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The growing incidence and prevalence of atrial fibrillation (AF) globally has driven the demand for cardiac arrhythmia monitoring devices thereby driving the global market growth. In the US alone, 3 to 6 million people have AF, and the numbers are projected to reach nearly 6 to 16 million by 2050. In Europe, prevalent AF in 2010 was nearly 9 million among individuals older than 55 years and is expected to reach 14 million by 2060.
Automotive brake system market is anticipated to grow at a CAGR of 5.3% during the forecast period (2024-2031). Automotive braking system refers to the components required to stop a motor vehicle including the braking pedal, brake rotors, calipers, master cylinder, brake fluid, and brake lines. The increasing demand for advanced safety features is one of the key drivers for the market growth. Some of the features include blind spot detection, lane assist, ABS, ESC, and others. These technologies helps in minimizing stopping distances.
Real-world evidence solutions market is anticipated to grow at a CAGR of 12.40% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for healthcare industry is prioritizing patient-centric approaches, aiming for faster and more efficient clinical trials to expedite access to innovative treatments for patients. For instance, in June 2023, Verana Health launched VeraSite, a subscription-based tool for identifying potential clinical trial sites.
Population health management market is anticipated to grow at a CAGR of 13.5% during the forecast period (2024-2031). The market’s growth is attributed to the growing chronic illness among population and need for managing health of population is anticipated to drive the market. Furthermore growing policies and initiatives taken by the organization in the field of population health management is creating favourable condition for the growth of the market.
Online dating services market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for time management is essential for single parents, and integrate times can significantly improve time management skills by focusing on connections and balancing parenthood responsibilities. Furthermore, market players are seeking for the new product launch to meet this growing demand for time management.
Ransomware protection market is anticipated to grow at a CAGR of 17.5% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for moderate strategies used by cyber adversaries across the globe. In order to keep to produce the constantly changing landscape of cyber threats and the nimble methods of ransomware, organizations need to implement preventive protection measures. Furthermore, the market players are seeking for the new product launch to meet the demand for the program to protect from attacks.
Trauma fixation devices market is anticipated to grow at a CAGR of 7.4% during the forecast period (2024-2031). Significant factors contributing to the trauma fixation devices market include the rising of degenerative bone disorders, increasing investment in R&D of the trauma fixation devices, and increasing number of trauma and accident cases. According to the national statistics provided by the UK government, in 2022, 29,742 people were killed or seriously injured (KSI) casualties, 1,711 fatality cases were registered and 135,480 were casualties of all severities. As a result, the number of surgical procedures is increasing in the UK.
Orthopedic bracing devices market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024-2031). Significant factors attributed to market growth including the growing prevalence of chronic and acute conditions, such as arthritis and sports injuries. A study published by National Institutes of Health (NIH), titled “Epidemiology of Sports-Related Injuries and Associated Risk Factors in Adolescent Athletes: An Injury Surveillance”, In 2019, 40.5% of participants experienced an injury, with 39.0% of them occurring in previously injured areas. The average injury rate was 2.64 per 1000 hours, with soccer exhibiting the highest rate at 7.21.
SaaS market is anticipated to grow at a CAGR of 13.2% during the forecast period (2023-2030). The increasing prevalence of remote and mobile workforces has significantly impacted the demand for SaaS applications. As more businesses adopt flexible work arrangements and allow employees to work from anywhere, the need for cloud-based, accessible software has become paramount. SaaS applications, with their inherent cloud-based nature, offer several advantages that are particularly beneficial for a remote and mobile workforce.
LED traffic signs and signals market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031) owing to increasing government investments in the development of road infrastructure, adoption of artificial intelligence (AI) in traffic signs enables centralized management, and energy efficient compared to incandescent bulbs. Energy efficiency is one of the major factors driving the adoption of LED technology in the traffic signs and signals industry. LED lighting has several advantages over traditional lighting systems in terms of efficiency and energy use.
Drone data services market is anticipated to grow at a CAGR of 11.7% during the forecast period (2024-2031). The growing adoption of 3D models, digital elevation models (DEMs), and orthomosaic maps with increasing application for civil engineering, construction, and mapping & surveying is the key factor supporting the growth of the market globally. Drone mapping software as cloud-based programs that assist both novice and expert users in the analysis of drone images.
Distributed energy generation market is anticipated to grow at a CAGR of 10.3% during the forecast period (2024-2031). An increase in advancement in distributed energy generation technologies drives the growth of the market. The growing adoption of reduced transmission and distribution losses, and improved grid stability and security are the key factors supporting the growth of the market globally. Distributed generation can help support the delivery of clean, reliable power to additional customers and reduce electricity losses along transmission and distribution lines.
Hospitality uniform market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2024-2031). The hospitality uniform industry is driven by robust consumer spending, high disposable incomes, intense urbanization, and a growing tourism industry. The global market is driven by the growing hospitality industry which is focusing on unique uniforms to create an aesthetic impression on its visitors. Innovative product launches by key players are further aiding global market growth.