Self-sovereign identity market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2024-2031). The market growth is attributed to the increased demand for identity management that gives individuals control over their data and eliminates the need for intermediaries, such as governments and corporations, to manage and store this information globally driving the market growth. SSI can enhance the effectiveness of identity management procedures.
Pressure sensor market is anticipated to grow at a significant CAGR of 13.9% during the forecast period (2024-2031).The market growth is attributed to the increasing integration of pressure sensors in various applications such as 3D printing, air quality testing, automated testing systems, chemical monitoring, leak testing, nuclear power monitoring, pneumatic system monitoring, and water quality testing.Additionally, the increasing demand for differential pressure sensors in industrial applications suitable for differential pressure sensor measurement of oil tanks, water tanks, and pipelines in industries like petroleum fields, chemical plants, and others drives the growth of the pressure sensor market.
Patient safety software market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031). The market growth is attributed to the increase in the number of medical errors and an increasing need to ensure patient safety and care. Additionally, government programs to support the healthcare software industry and the growing use of digitalization globally drive the market growth.
OTR tire market is anticipated to grow at a significant CAGR of 14.7% during the forecast period (2024-2031). The market growth is attributed to the increasing infrastructure projects globally and an increased need for heavy machinery in the mining, construction, and agricultural sectors accelerating the demand for OTR tires. Furthermore, increasing tire technology innovation including improved tread patterns and durability stimulates market expansion by increasing equipment operator productivity and decreasing downtime.
Health information exchange market is anticipated to grow at a significant CAGR of 15.8% during the forecast period (2024-2031). Government mandates and policies globally are driving the adoption of Health Information Exchange (HIE) solutions, contributing to market growth. Data-driven decision-making is growing the demand for HIE solutions, as healthcare organizations use data to improve patient care, and operational efficiency, and reduce costs.
Diesel generator market is anticipated to grow at a significant CAGR of 14.1% during the forecast period (2024-2031). The market growth is attributed to the increasing investments in producing efficient energy management across various applications with backup power in industries and businesses. The demand for an uninterrupted power supply and frequent power outages in developing economies are accelerating the demand for diesel generators globally is driving the market growth.
Moringa extract market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2024-2031).Moringa extract is a concentrated form of compounds derived from the leaves, seeds, or other parts of the moringa tree (Moringa oleifera).
Mobile application market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2024-2031).Mobile applicationrefers to the expansive ecosystem of software applications designed specifically for use on mobile devices, such as smartphones and tablets. These applications, commonly known as mobile apps, cover a wide range of functionalities and purposes, including but not limited to communication, entertainment, productivity, e-commerce, social networking, gaming, health and fitness, and education.
Craft spirits market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031).Craft spirits are the segment of the distilled spirits industry that consists of smaller, independent producers who focus on producing high-quality, handcrafted spirits that are typically produced in smaller batches using traditional methods and often emphasize unique flavours, local ingredients, and artisanal techniques and include various types of liquor such as whiskey, vodka, gin, rum, tequila, and others.
Collagen and gelatin market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031). Collagen and gelatin are protein-based substances derived from animal sources, primarily connective tissues, bones, and skin. They are widely used across various industries, including food and beverage, pharmaceuticals, cosmetics, and healthcare.
Carob powder market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period (2024-2031).Carob Powderalso called carob flour, is a cocoa powder alternative that is made from dried, roasted carob tree pods and looks a lot like cocoa powder.
Beef market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period (2024-2031). Beef industry includes the trade and consumption of beef globally that encompasses the production, distribution, and consumption of beef products across various regions and countries.
Ultrafast lasers market is anticipated to grow at a significant CAGR of 14.8% during the forecast period (2024-2031). Ultrafast lasers are a variety of laser that produces a sequence or train of pulses, each of which lasts less than a nanosecond.Their high peak intensity and ultra-short pulse length are well-known for enabling accurate and regulated material processing. They are used in the drilling, cutting, ablating, and structuring of different materials.
Healthcare analytical testing services market is anticipated to grow at a considerable CAGR of 13.1% during the forecast period (2024-2031).The growth of the healthcare analytical testing services market is attributed to increasing demand for electronic health records (EHRs), personal health records (PHRs), electronic prescription services (E-prescribing), patient portals, master patient indexes (MPI), with digital data collection globally driving the growth of the market.
Enterprise Performance Management (EPM) market is anticipated to grow at a considerable CAGR of 9.3% during the forecast period (2024-2031). EPM refers to the collective landscape of software, services, and solutions designed to support organizations to manage, analyze, and optimize their performance across various business functions. This market encompasses a wide range of tools and technologies aimed at enhancing performance measurement, strategic planning, financial management, budgeting, forecasting, and reporting processes within organizations of all sizes and across diverse industries.
Food contact paper market is anticipated to grow at a CAGR of 4.8% during the forecast period. Food contact paper refers to papers that are likely to come into contact with food during manufacture, processing, serving, or storage. This comprises kraft paper, greaseproof paper, and parchment paper, among others. Paper is made of cellulose fibers, which are generally generated from wood making it biodegradable and renewable.
Bumper sensor market is anticipated to grow at a CAGR of 12.5% during the forecast period (2024-2031). A bumper sensor is a proximity sensor typically mounted on the bumpers of a vehicle to detect objects close to the vehicle, typically at the front and rear. They are most commonly used in cars, but can also be found on trucks, buses, and other motorized vehicles.
Aircraft de-icing market is anticipated to grow at a CAGR of 5.0% during the forecast period (2024-2031). Aircraft de-icing solution is a mixture of propylene glycol and water, heated to around 150 degrees, and sprayed under pressure to the wings of an aircraft. It helps to remove the ice from the aircraft making it suitable for take-off.
Forestry equipment market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). The forestry equipment market is primarily driven by the increasing demand for timber and wood-based products across various industries such as construction, paper, and furniture. This growing demand is fueling investments in forest management and logging activities, leading to the adoption of advanced forestry equipment for efficient operations.
Foam tape market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). The foam tape market is driven by the increasing demand for lightweight and energy-efficient materials in various industries such as automotive, construction, and electronics. Foam tape offers excellent properties such as insulation, shock absorption, vibration dampening, and sealing capabilities, making it a preferred choice in these sectors.
Flat panel antenna market is anticipated to grow at a CAGR of 29.5% during the forecast period (2024-2031). flat panel antenna market is experiencing growth due to the increasing demand for high-speed internet and communication services, especially in remote and rural areas. This has led to the adoption of flat panel antennas in satellite communication, providing reliable connectivity in areas where traditional infrastructure is lacking.
Corrugated boxes market is anticipated to grow at a CAGR of 4.0% during the forecast period (2024-2031). Corrugated boxes are disposable containers whose sides are made up of layers of material that include an inside layer, outer layer, and middle layer. The middle layer is fluted, which means it is styled in rigid, wave-shaped arches that provide cushioning and support for weighted materials placed in a corrugated box.
Carnauba wax market is anticipated to grow at a CAGR of 3.5% during the forecast period (2024-2031). Carnauba wax also known as Brazil wax or ceara wax, is extracted from the leaves of the Carnauba Palm. It is natural and sustainable and has a wide variety of uses. It is manufactured commercially in several grades, which are labeled T1, T3, and T4.
Mobility on demand market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2024-2031). Mobility on-demand services is on the rise in various countries post government regulation, increasing environmental consciousness, and changing customer transport preferences. The services aim to provide consumers with on-demand transportation including public and private commuting options.
Medication management system market is anticipated to grow at a significant CAGR of 12.4% during the forecast period (2024-2031). The global medication management system market is driven by factors such as increasing medication errors, growing geriatric populations, and rising chronic disease burden. These factors drive the adoption of medication management systems to automate dispensing, administration, and monitoring processes, reduce adverse drug events, optimize treatment for elderly patients, and enhance patient outcomes.
Generative AI in fintech market is anticipated to grow at anexponentialCAGR of 31.5% during the forecast period (2024-2031).The global generative AI market in fintech is expanding owing to factors such as data-driven decision-making, enhanced customer experience, fraud detection, algorithmic trading, risk management, operational efficiency, and cost reduction. The adoption of generative AI solutions is influenced by regulatory frameworks, technological advancements, and strategic partnerships between fintech companies and technology providers.
AI-Based clinical trial solutions for the patient matching market areanticipated to grow at a significant CAGR of 22.6% during the forecast period (2024-2031).The global market for AI-based clinical trial solutions for patient matching is driven by rising demand for clinical trials, the complexity of patient matching, advancements in AI and ML technologies, integration with Electronic Health Records (EHRs), regulatory pressures, and patient-centricity.
SCADA alarm management market is anticipated to grow at a significant CAGR of 12.3% during the forecast period (2024-2031). SCADA alarm management systems refer to the application of cutting-edge tools and methods to raise the efficacy and efficiency of alarm systems. By using SCADA alarm management, system efficiency is increased overall, operator response is improved, alarm fatigue is decreased, and downtime is minimized.
Automotive seat frame market is anticipated to grow at a moderate CAGR of 3.8% during the forecast period (2024-2031).Manufacturers of automobiles are trying to lighten their cars in order to meet emission regulations and increase fuel economy. So, lightweight materials like carbon fiber, magnesium, and aluminum have been developed and are being utilized more often in the manufacturing of vehicle seat structures.
Semiconductor & IC Packaging market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of miniaturization and advancement in semiconductor packaging. Advanced packaging techniques such as small outline package (SOP), grid array (GA), quad flat no-leads (QFN), dual flat no-leads (DFN), quad flat packages (QFP), and dual-in-line (DIP) provide enhanced performance and increased integration levels.
Fiber management systems market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031).The fiber management systems market includes solutions for organizing, protecting, and managing fiber optic cables in telecommunications networks, data centers, and enterprise IT infrastructure. The demand for these systems is driven by the rapid expansion of data center infrastructure, the deployment of 5G networks, and the global push for high-speed broadband connectivity.
AI training dataset market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2024-2031).The global AI training dataset market is experiencing significant growth due to the rapid expansion of AI applications across various industries. This has led to a surge in demand for high-quality training datasets, as AI algorithms require vast amounts of labeled data to improve their performance.
AI in the telecommunication market is anticipated to grow at a significant CAGR of 41.4% during the forecast period (2024-2031). The global AI in the Telecommunication market is expanding due to network optimization, automation, predictive maintenance, enhanced customer experience, network security, 5G network deployment, data analytics, and regulatory compliance. AI also serves as a competitive differentiator, enabling efficient, reliable, and personalized services. Collaborations between companies, technology vendors, and startups further accelerate AI adoption.
AI as a service market is anticipated to grow at a significant CAGR of 17.7% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of AI as a service in no-code or low-code Machine Learning (ML) services, ML frameworks, and Application Programming Interfaces (APIs). With little risk and no significant upfront costs, AI as a service (AIaaS) empowers people and organizations to experiment with AI and deploy it for large-scale use cases.
Ready-to-drink beverage market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). Ready-to-drink beverages are packaged drinks sold in a ready state that can be consumed immediately post-purchase. It includes a variety of beverages, such as tea, coffee, soft drinks, energy drinks, and others. The market has gained traction in recent decades owing to changing consumption habits, rising urbanization, and increasing adoption of ready drinks beverages across demographics.
Retail chatbot market is anticipated to grow at a significant CAGR of 19.5% during the forecast period (2024-2031). A retail chatbot is a specially designed software program that simulates human conversation while interacting with potential and existing customers. It uses Artificial intelligence (AI), Machine Learning (ML) and Natural Language Processing (NLP) to provide customers with personalized care and help recreate an in-person buying experience.
Flash memory market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Flash memory has application in portable devices due to their small size, low power consumption, high storage capacity, and other benefits. The market growth is driven by increased usage and sales of smartphones and related digital devices and growing investment in cloud data centers and digital storage by consumers, governments and enterprises.
Multivitamin melt market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031).The industry for multivitamin melts has grown as a result of growing global vitamin deficits and consumer awareness of the need of preserving health. A variety of vitamins, including C, A, D, E, K, B12, and folic acid, are included in multivitamin candies. The gummies assist with a number of body processes, including immunity, energy production, and bone health.
Mono-material packaging film market is anticipated to grow at a moderate CAGR of 4.3% during the forecast period (2024-2031). The mono material plastic packaging film can be recycled easily which gives advantage over multi-layered plastic packaging which is composed of various plastic polymer types which are challenging to separate and recycle. Its flexibility, light weight and exceptional barrier qualities makes it ideal for a variety of uses, including as personal care items, medical packaging, and food and beverage packaging.
Memristors market is anticipated to grow at an exponential CAGR of 52.2% during the forecast period (2024-2031). Memristor is the concatenation of “memory” and “resistor”, which works as a memory device as well as a resistor in the circuit. The resistance of a memristor varies according to the memristance function of the device.
Internet of behavior market is anticipated to grow at a significant CAGR of 23.2% during the forecast period (2024-2031). The internet of behaviors, or IoB, is an idea that centers on gathering and analyzing data from several sources in order to comprehend and impact human behavior. The technology integrates big data analytics, artificial intelligence, and the internet of things (IoT) to collect data from various digital touchpoints such as wearables, social media, and security systems.
Convenience stores market is anticipated to grow at a considerable CAGR of % during the forecast period (2024-2031). As the population is increasing, the demand for convenience store is also increasing. Convenience stores offer convenient access to goods from neighboring stores, and since some of them are open 24 hours a day, customers can get their goods whenever they need them.
Cone crusher market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031).Cone crushers are primarily used for crushing hard, abrasive, and dense materials, such as granite, used in the construction industry. These crushers are currently available in multiple types, such as stationary, track, and mobile designs. The construction industry is one of the largest demand generators for crushers.
Veterinary scales market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2024-2031). Veterinary scales are used to weigh animals and help in health monitoring by giving important information about the animal’s weight. Veterinarians rely on precise weight measures in addition to other critical data to diagnose, track, prevent, and treat a variety of animal illnesses and ailments. These scales are essential for preventing and controlling major infectious diseases.
Dairy blends market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031). Dairy Blend is a combination of dairy products that are combined and mixed to produce a particular type of product. It is frequently used in food business to attain a harmony of taste, texture, and usability.
Energy storage system market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031). An Energy Storage System (ESS) captures excess energy, typically from renewables, for later use, balancing electricity supply and demand for a reliable grid.
Alfalfa seeds market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period (2024-2031). Rich in protein and vitamins, alfalfa seeds are the starting point for alfalfa hay, a prized food source for livestock like cattle, horses, sheep, and goats. These dehydrated seeds from the Medicago sativa plant can also be sprouted or eaten raw for their potential health benefits.
Secure logistics market is anticipated to grow at a significant CAGR of 11.2% during the forecast period (2024-2031).The growth of the secure logistics market is attributed to increasing technical advancements that improve the efficiency of services and goods provided by secure logistics including digital technology, manufacturing techniques, and materials globally driving the growth of the market. The increasing application of secure logistics in cash and precious assets is handled carefully to avoid loss, theft, or manipulation are driving market growth
Patient monitoring devices market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031).The growth of the patient monitoring devices market is attributed to the increasing demand for wireless monitoring devices and miniaturization and portability globally. Surgical treatment carried out within hospital or clinical confines requires the use of patient monitoring devices.
Digital oilfield market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031).The growth of the digital oilfield market is attributed to the increasing adoption of real-time data from oilfield operations, digital collaboration, and integration of IoT globally. By integrating modern digital technology with innovative workflows, the digital oilfield can avoid unplanned equipment and well shutdowns while increasing production and cutting operating expenses.
Construction and design software market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031).The growth of the construction and design software market is attributed to the increasing demand for large-scale project management, as is the use of smart devices and cloud-based solutions globally. The development of software for construction speeds up corporate growth and facilitates the construction process including estimating, planning, accounting, project costing, risk factor maintenance, and many other areas that will all benefit from it.
Pregnancy tracking and postpartum care apps market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031). The global pregnancy tracking and postpartum care app market is expanding owing to increased digital health awareness, convenience, and technological advancements. The COVID-19 pandemic has accelerated adoption, with smartphones and internet connectivity making these apps more accessible and personalized.
Multiexperience development platforms market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031).The market growth is attributed to the increasing adoption of emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), IoT (Internet of Things), and the developmentof seamless experiences via multiple channels. This enables to development of more easy and interactive applications.
Membrane electrode assembly market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031).The market growth is attributed to the increasing adoption ofMembrane Electrode Assembly(MEA) technology to increase power density, efficiency, and durability.MEAs are a desired option for lowering greenhouse gas emissions and lessening the effects of climate change, which is a major concern for numerous nations and sectors of the economy.
Portable air purifier market is anticipated to grow at a significant CAGR of 11.3% during the forecast period (2024-2031).The market growth is attributed to the rising pollution levels and the increasing prevalence of airborne diseases globally.HEPA-filtered portable air purifiers offer a cost-effective way to reduce the spread of infections via the air, often with comparable effectiveness to more complex HVAC system installations.
Zero-emission aircraft market is anticipated to grow at a CAGR of 15.5% during the forecast period (2024-2031). Zero-emission aircraft refers to aircraft that produce no greenhouse gas emissions during operation, such as carbon dioxide or methane. It provides a sustainable alternative to conventional aircraft, reducing air travel’s carbon footprint.
Trocars market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). Trocars are surgical instruments with a sharp, pointed tip attached to a hollow tube, often with a handle for manipulation. To make entrance sites through the body wall that permit the insertion of additional surgical equipment and devices into bodily cavities or spaces, they are used in minimally invasive surgical procedures.
Telehandler market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). A telehandler, also known as a telescopic handler, is a flexible lifting machine that can be easily converted into a crane for lifting and moving heavy industrial pipes, buckets, crates, container goods, and construction materials. It offers various advantages such as high load capacity, flexibility, and suitability for on- and off-road applications.
Laser cladding market is anticipated to grow at a CAGR of 9.5% during the forecast period (2024-2031). Laser cladding, an advanced surface modification technique, involves precisely depositing a layer of material onto a substrate using a laser as the heat source. Widely applied across various industries, this process serves purposes such as surface hardening, repair, and enhancing component properties.
Factoring services market is anticipated to grow at a CAGR of 9.0% during the forecast period (2024-2031). Factoring is acquiring accounts receivable or invoices from a company at a reduced price to address the company's short-term liquidity requirements while also profiting the buyer. Furthermore, it includes debt factoring, invoice finance, asset-based lending, and accounts receivable funding.
Electric farm tractor market is anticipated to grow at a CAGR of 10.0% during the forecast period (2024-2031). Electric farm tractors are tractors that use an electric motor to obtain drive as opposed to the conventional internal combustion engine. Electric farm tractors use a series of batteries to generate power and have fewer mechanical parts.
Destination management service market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). A destination management service company is an organization that offers a wide range of services and products in a popular travel destination. In other words, they are the companies that manage travel experiences whether it be a safari tour, a coach tour, a cruise service, a catering service, or any other kind of travel service a DMC manages the process for customers.
Box truck market is anticipated to grow at a CAGR of 4.0% during the forecast period (2024-2031). Box Truck is a a single-unit vehicle with a fully or partially enclosed space with a roof and at least three sides designed for transporting cargo or payload, excluding the driver and passengers. The demand for box truck for both personal and commercial purposes, including transport of a variety of cargo, including food, clothing, building materials, gasoline, and automobiles is contributing to industry growth.
Blast monitoring equipment market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). Blast monitoring equipment measures and records the effects of blasting operations in mining, construction, and quarrying industries. The equipment is designed to measure and record various parameters such as ground variations, air overpressure, and frequency, and any potential damage to surrounding structures.
Apron buses market is anticipated to grow at a CAGR of 10.5% during the forecast period (2024-2031). Apron Buses is the airport bus, also known as an airport shuttle or airport shuttle bus, used to transport passengers both into and out of airports. These vehicles incorporate unique branding and are usually equipped with larger luggage space. In addition, these are typically painted in vivid hues to make them stick out from the other airport buses and make the crews of taxiing aircraft able to see them.
Airport robots market is anticipated to grow at a CAGR of 16.5% during the forecast period (2024-2031). Airport robots revolutionize travel by autonomously assisting passengers, handling baggage, ensuring security, and maintaining cleanliness within airport premises. These advanced machines, equipped with AI, sensors, and navigation systems, streamline operations, enhancing efficiency and passenger experience. They provide guidance, language translation, and real-time information, optimizing terminal navigation.
Shaving cream market is anticipated to grow at a CAGR of 8.7% during the forecast period (2024-2031). The growing emphasis of men towards personal grooming is a key factor driving the global shave cream market. Advancement in shaving devices that does not require shaving cream may restrain the growth of the global market.
Server Operating System market is anticipated to grow at a CAGR of 10.96% during the forecast period (2024-2031). A Server Operating System (OS) is software designed to manage and control server hardware resources, providing services and facilitating communication between clients and servers in a networked environment.
Lidocaine hydrochloride market is anticipated to grow at a CAGR of 5.33% during the forecast period (2024-2031). Lidocaine hydrochloride, a local anesthetic, numbs areas during medical procedures via injections, creams, or patches, blocking nerve signals to alleviate pain in dental, cardiac, and neurological treatments.
Insecticides market is anticipated to grow at a CAGR of 5.62% during the forecast period (2024-2031). Insecticides are chemical substances formulated to exterminate, repel, or regulate insect populations. They are utilized across agricultural, industrial, and domestic sectors to mitigate insect-related damage and ensure the efficacy of pest management strategies.
Ethylene oxide and ethylene glycol market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Ethylene oxide (EtO) is a chemical intermediate used to produce ethylene glycol, which is then used to make other industrial chemicals. Ethylene oxide is also used as a fumigant in agriculture and as a sterilant for medical equipment.
Automotive driving simulators market is anticipated to grow at a significant CAGR of 8.2% during the forecast period (2024-2031). Automotive driving simulators use advanced technology for training, research, and entertainment. They offer controlled environments for driver skill development, vehicle testing, and behavioral analysis, enhancing safety and innovation in the automotive industry. The growing need for road safety of passengers is a key factor driving the global market growth.
EV test equipment market is anticipated to grow at a significant CAGR of 22.5% during the forecast period (2024-2031). EV test equipment is used to check the performance and safety of EV components, such as batteries and motors. This equipment helps ensure that automotive parts are reliable, safe, and meet customer expectations. The growing EV demand to drive the growth of the global market.
EV battery cells market is anticipated to grow at a significant CAGR of 19.9% during the forecast period (2024-2031). Electric vehicle (EV) battery cells are the fundamental building blocks of an EV battery pack. They are typically lithium-ion batteries that are designed to have a high power-to-weight ratio and energy density. EV battery cells can come in three formats: cylindrical, prismatic, and pouch.
Standalone 5G network market is anticipated to grow at an exponential CAGR of 36.2% during the forecast period (2024-2031). Standalone 5G networks are being embraced by multiple industries to meet the increasing demand for high-speed connectivity and support the growth of IoT and Industry 4.0. These networks offer faster speeds, lower latency, and the ability to create customized network instances for specific use cases.
Hydrogen energy storage market is anticipated to grow at a significant CAGR of 13.5% during the forecast period (2024-2031).The market growth is attributed to the increasing demand for hydrogen energy storage in stationary power and transportation. According to the International Energy Agency (IEA), 2023, hydrogen demand will increase by more than 1.5 times to reach more than 150 Mt by 2030, with nearly 30.0% of that demand coming from new applications.
Intelligent building automation technologies market is anticipated to grow at a significant CAGR of 10.4% during the forecast period (2024-2031). The market growth is attributed to the growing demand for building automation systems (BAS) that balance maximum efficiency with productivity and occupant comfort by combining energy, lighting, safety, and security into a single, user-friendly system.
GaN semiconductor device market is anticipated to grow at asignificant CAGR of 13.4% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of GaN semiconductor devicesin infrastructure developmentand EV manufacturing, and the rising demand for consumer electronics drivesthe growth of the market. According to the World Semiconductor Trade Statistics (WSTS) Fall 2021 Semiconductor Industry Forecast, global semiconductor industry sales are forecasted to reach $601.0 billion in 2022 and $633.0 billion in 2023.
eDiscovery market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period (2024-2031).The growing volume of Electronically Stored Information (ESI) is driven by digitalization, regulatory compliance requirements, and increasing litigations and investigations. Technological advancements such as, machine learning and artificial intelligence have improved eDiscovery capabilities.
Automotive semiconductor market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031). The market growth is attributed to the growing demand for microcontrollers, digital signal processors, application-specific integrated circuits, electric control units, automotive sensors, and MEMS (micro-electro-mechanical systems) in the automotive industry globally driving the growth of the market.
Artificial intelligence (AI) toolkit market is anticipated to grow at a significant CAGR of 16.9% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of technological advancement in artificial intelligence (AI) toolkits such as natural language processing, machine learning, computer vision, and robotic process automation to improve the optimization process globally driving the growth of the market.
Employment screening services market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031).Employment screening services are driven by regulatory compliance, risk mitigation, globalization, gig economy, technological advancements, security concerns, and digital transformation. Compliance with regulations such as, the Fair Credit Reporting Act and GDPR mandates background checks and verification processes. These services help businesses mitigate risks like fraud, theft, and workplace violence.
1,3-butanediol market is anticipated to grow at a CAGR of 5.1% during the forecast period (2024-2031). 1,3-butanediol is an organic compound and an important commercial chemical used as a solvent, de-icing agent, and co-comonomer in coatings, construction, rubber, food and beverages, and personal care, pharmaceutical, and other industries. It is majorly used in skin and personal care products due to its high solvability, safety,and conditioning features including lotions, moisturizers, shampoos, face masks, sunscreens, and many others.
1,2-hexanediol market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period (2024-2031). 1,2-hexanediol is a clear, colorless liquid that is widely used as a solvent, plasticizer, and chemical intermediate in a variety of sectors, including cosmetics, pharmaceuticals, paints and coatings, and textiles. It is distinguished by its capacity to increase formulation viscosity and flow qualities, as well as its potent antibacterial activity.
1,2-pentanediol market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). 1,2-pentanediol is an intermediate chemical for active ingredients. It is commonly used as a solvent, humectant, and antimicrobial agent in personal care products, pharmaceuticals, and industrial applications having excellent solubility in water and organic solvents, making it a versatile ingredient in formulations.
LED Lighting Market is anticipated to grow at a considerable CAGR of 9.5% during the forecast period (2024-2031). LED is a highly energy-efficient lighting technology. Residential LEDs -- especially ENERGY STAR rated products -- use at least 75.0% less energy, and last up to 25 times longer, than incandescent lighting. The growing energy demand globally is a key factor supporting the adoption of LED lightings; thereby aiding to the market growth.
Connector market is anticipated to grow at a CAGR of 6.48% during the forecast period (2024-2031). A connector is a device that joins two pieces of equipment, wire, or piping together. The growing demand for strong connectivity in expanding digital landscape is a key factor driving the global connector market.
Natural solubilizers market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period (2024-2031).Natural Solubilizerssolubilize essential oils without destroying their nutritional value, allowing them to be used in water-based applications.These natural solubilizers can be used in a variety of ways in the cosmetics sector to solubilize finished products by combining essential oils with water.
Mobile Phone Chips market is anticipated to grow at a CAGR of 13.87% during the forecast period (2024-2031). Mobile phone chips are integrated circuits designed to provide processing power, manage communication, and support various functionalities in mobile devices, facilitating tasks such as computing, networking, and multimedia operations.
Military training aircraft market is anticipated to grow at a CAGR of 6.9% during the forecast period (2024-2031).Pilots and aircrew are trained for military operations using military trainer aircraft. They offer the fundamental, advanced, and instrument-based flying training required to pilot military aircraft and carry out missions.
Heat sink market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). A heat sink is a passive heat exchanger that transfers the heat generated by an electronic or a mechanical device to a fluid medium, often air or a liquid coolant, where it is dissipated away from the device, thereby allowing regulation of the device's temperature.
E-scrap recycling market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031). E-waste (electronic waste, e-scrap, or end-of-life electronics) refers to used electronics nearing obsolescence. The e-scrap recycling market deals with their recycling.
Acrylonitrile catalyst market is anticipated to grow at a moderate CAGR of 4.5% during the forecast period (2024-2031). Acrylonitrile catalyst serves as the primary raw ingredient for the production of acrylic fibers. Industries such as textile and apparel industries use acrylic fibers due to its lightweight characteristics. The growing demand from end-user industry is a key factor driving the growth of the global market.
Gas engine market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031).The growth of the gas enginemarket is attributed to increasing demand for gas engines in applications such as industrial machinery, power generation, and automobiles driving the growth of the market.Gas engines can supply local facilities with heat and power, increasing resilience and energy efficiency in distributed energy systems, such as CHP applications.
Connected mining market is anticipated to grow at a significant CAGR of 10.7% during the forecast period (2024-2031).The growth of the connected miningmarket is attributed to increasing investments in simulation technology and an increase in the use of the internet of things (IoT). Furthermore, connect mining is accelerated by the growing use of automation, data science, and artificial intelligence technologiesdriving the growth of the market.
Citizen services AI market is anticipated to grow at a significant CAGR of 11.1% during the forecast period (2024-2031).The growth of the citizen services AImarket is attributed to increasing demand for citizen services AI in applications such as transportation, healthcare, government, and public sector, energy & utility, agriculture, and education and trainingdriving growth of the market.
Asset integrity management market is anticipated to grow at a significant CAGR of 13.1% during the forecast period (2024-2031).The growth of the asset integrity management market is attributed to increasing demand for asset performance management, product life-cycle management, total automation driven by the industrial internet of things (IIoT), and digital transformationglobally driving the growth of the market.
Oilfield auxiliary rental equipment market is anticipated to grow at a CAGR of 5.3% during the forecast period (2024-2031). Oilfield auxiliary equipment are machines and instruments that are used to supplement the drilling process at oilfields. The equipment used less frequently on the oilfield are availed on rent by various oil extraction companies.
Membrane bioreactor market is anticipated to grow at a considerable CAGR of 7.6% during the forecast period (2024-2031). Membrane bioreactor (MBR) systems is a high-efficient wastewater treatment technology that uses a microbial process. The main applications of a membrane bioreactor (MBR) is in the treatment of municipal and industrial wastewater. It involves the combination of a suspended growth bioreactor and a perm-selective or semi-permeable membrane technique, such as microfiltration (MF) or ultrafiltration (UF).
Data mesh market is anticipated to grow at a significant CAGR of 16.4% during the forecast period (2024-2031). A data mesh is a decentralized data architecture that organizes data by a specific business domain for example, marketing, sales, customer service and more to provide more ownership to the producers of a given data set.