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Latest Press Releases
Rising Investments in AI Software Are Expanding AI Usage as Market Hits $124.8 Billion in 2025
Published: Dec 2025
Global AI in software market was valued at $124.8 billion in 2025 and is projected to reach $846.2 billion by 2035, growing at a CAGR of 21.3% from 2026 to 2035. Rising investments in AI software are expanding AI usage by enabling companies to adopt advanced tools and platforms more rapidly. Increased funding from both private enterprises and government initiatives is driving the development of new AI applications, improving existing solutions, and scaling deployment across industries. These investments support businesses in integrating AI into areas such as automation, customer service, data analytics, and predictive modeling, making AI more accessible and effective. As a result, higher investment levels are accelerating adoption, fostering innovation, and widening the overall market for AI software. In 2025, major tech companies such as Microsoft, Amazon, and Alphabet announced significant AI software investment plans. 
Growth in AI-Enabled Customer Service & Chatbots Driving Global AI in Retail Market at 32.3% CAGR
Published: Dec 2025
Global AI in retail market was valued at $12.75 billion in 2025 and is projected to reach $207.6 billion by 2035, growing at a CAGR of 32.3% from 2026 to 2035. The adoption of AI-powered customer service tools and chatbots is rapidly expanding in retail as businesses aim to deliver faster, more personalized, and round-the-clock support. These systems leverage natural language processing (NLP) and machine learning to understand customer queries, provide instant responses, and even guide shoppers through product recommendations or troubleshooting. By automating routine interactions, retailers can reduce operational costs, free up human staff for complex tasks, and improve response times. Additionally, AI chatbots collect valuable customer data, helping brands refine marketing strategies, tailor promotions, and enhance overall customer experience. This combination of efficiency, personalization, and data-driven insights is driving strong growth in the AI retail market during the forecast period.
AI-Powered Credit Scoring Drives AI in Finance Market Growth at CAGR of 31.5% During the Forecast Period
Published: Dec 2025
Global AI in finance market was valued at $18.35 billion in 2025 and is projected to reach $282.2 billion by 2035, growing at a CAGR of 31.5% from 2026 to 2035. Investments in AI-powered credit scoring are rising as financial institutions seek faster, more accurate, and inclusive lending solutions. AI models analyze both traditional and alternative data, such as transaction history, employment, and behavioral signals, to assess credit risk, enabling better predictions of defaults and reducing losses. Companies such as Pagaya Technologies and Upstart use machine learning to underwrite loans efficiently. Further, AI also automates processes, speeds decision-making, and supports regulatory compliance, making credit more accessible and risk management more effective.
Global AI Chip Market Hits $65 Billion in 2025, Driven by Finance, Retail, & Industrial Automation
Published: Dec 2025
Global AI chip market was valued at $65.0 billion in 2025 and is projected to reach $421.5 billion by 2035, growing at a CAGR of 20.8% from 2026 to 2035. An AI chip is a specialized processor designed to handle artificial intelligence tasks faster and more efficiently than regular CPUs. It powers applications such as machine learning, deep learning, and neural networks in data centers, devices, and edge systems. The expansion of AI applications in finance, retail, and industrial automation is significantly boosting demand for AI chips.
Food-Safety Compliance Fuels Commercial Refrigeration Growth: Market to Rise from $45.30 Billion (2025) to $76.5 Billion (2035) at 5.5% CAGR
Published: Nov 2025
Commercial refrigeration market was valued at $45.30 billion in 2025 and is projected to reach $76.50 billion by 2035, growing at a CAGR of 5.5% during the forecast period (2026-2035). The market is experiencing accelerated growth due to increasingly stringent global food safety and storage compliance requirements that directly impact perishable products across retail, food service, logistics, and healthcare sectors. Regulatory authorities tighten temperature-control, contamination-prevention, and documentation standards, demand rises across all major product segments, including refrigerators & freezers, refrigerated display cases, ice cream merchandisers, beverage refrigeration, transport refrigeration, and refrigerated vending machines.
ADAS Growth Fuels Advanced Automotive Filtration Market to Rise from $12.30 Billion in 2025 at 3.0% CAGR
Published: Nov 2025
Automotive filters market was valued at $12.30 billion in 2025 and is projected to reach $16.53 billion by 2035, growing at a CAGR of 3.0% during the forecast period (2026-2035). Growing integration of ADAS (Advanced Driver Assistance Systems) and autonomous-driving technologies is transforming modern vehicle architectures and generating new demand for high-performance automotive filtration systems. ADAS-equipped vehicles rely on a network of cameras, millimeter-wave radars, LiDAR units, and ECUs connected through high-speed in-vehicle communication platforms. In many cases, these sensing modules exchange real-time video and radar data using PoC (Power over Coax) techniques, where a single coaxial cable simultaneously carries power and high-frequency data signals. This shift toward highly electronic, data-rich vehicle environments significantly increases the importance of filtration, both mechanical and electronic, to ensure reliability, thermal stability, and long-term performance of critical components.
Strategic Collaborations and New Bioceramic Innovations Drive Asia-Pacific Market Expansion—Valued at $2.2 Billion in 2025, Projected to Reach $4.7 Billion by 2035
Published: Nov 2025
Asia Pacific bioceramics market was valued at $2.2 billion in 2025 and is projected to reach $4.7 billion in 2035, growing at a CAGR of 7.8% during the forecast period (2026-2035). The Asia-Pacific bioceramic market is witnessing significant advancements driven by innovation in bone repair, dental applications, and implantable medical devices. Increasing demand for biocompatible materials, combined with rising investments in research and development, has accelerated the introduction of advanced bioceramic products designed to improve patient outcomes. For instance, in February 2025, Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) recently launched two innovative drug-eluting bone graft products, CASPRO and BONYX, developed by its Biomedical Technology Wing and commercialized by M/s Onyx Medicals Pvt Ltd, Meerut. ‘BONYX’ incorporates bioceramic beads with multi-modal porosity, engineered through a patented process to deliver drugs locally within the bone, primarily targeting bone infections. 
Rising Structural Failures in Aerospace Driving The Demand for the Aerospace Fastener Market
Published: Nov 2025
Aerospace fasteners market was valued at $7.25 billion in 2025 and is projected to reach $13.23 billion by 2035, growing at a CAGR of 14.1% during the forecast period (2026–2035). The growing number and severity of structural fatigue and quality control incidents highlight the critical need for a robust MRO (Maintenance, Repair, and Overhaul) lifecycle, which serves as a key driver accelerating the growth and sophistication of the aerospace fastener market.
Technological Advancements and Major Investments Strengthening the Offshore Wind Forging Supply Chain
Published: Nov 2025
Wind turbine forging market was valued at $4.3 billion in 2025 and is projected to reach $8.5 billion by 2035, growing at a CAGR of 7.4% during the forecast period (2026–2035). Large-scale forging technologies are increasingly focusing on the design requirements of next-generation offshore wind turbines, thus driving the market. With greater turbine capacities, exceeding 20 MW, the demand for ultra-large, forged components like flanges, shafts, and bearing rings has increased correspondingly, pushing manufacturers to increase their production capacity and invest in high-capacity forging equipment.
Technological Trends Shaping the Two-Piece Protective Clothing Market Witnessing 5.6% CAGR
Published: Nov 2025
Two-piece protective clothing market was valued at $3.8 billion in 2025 and is projected to reach $5.9 billion by 2035, growing at a CAGR of 5.6% during the forecast period (2026–2035). Smart textiles are increasingly being fused into two-piece protective clothing, integrating electronic elements such as sensors, RFID tags, and microcontrollers into fabrics. These clothes track the body's temperature, identify harmful compounds, and broadcast data in real-time. First responders and soldiers wear clothes that track physiological conditions and environmental hazards and offer essential data to decision-making during hazardous situations. Nanotechnology and metamaterials offer vast potential for generating the next-generation protective apparel, owing to the solutions that are light, damage-resistant, and flexible, and can manage heat loss and impact protection. Technologies such as Kevlar, Twaron, and Dyneema have transformed protection, delivering solutions that are high-strength yet light and give mobility a boost.