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Latest Press Releases
Government Support & Global Collaborations Boost Global Weather Forecasting Services Market Growth
Published: Jul 2025
Weather forecasting services market was valued at $2,048 million in 2024 and is growing at a CAGR of 8.5% from 2025 to 2035. Government support and international partnerships, such as ESA, EIC, Business Finland, and the Gates Foundation, are fueling market expansion by facilitating global data exchange, particularly for vulnerable regions. For instance, in March 2025, Skyfora raised €4 million ($4.3 million) in a funding round led by Danish Ugly Duckling Ventures and Dutch LUMO Labs, with additional investment from Voima Ventures and the EIC Fund. The investment is a follow-up to earlier funding from the European Space Agency, EIC Accelerator, and Business Finland, speeding up the rollout of its Telecom GNSS Meteorology solution, which converts existing cell towers into high-resolution weather sensors.
Energy Efficiency and Sustainability Goals Boost Global Telecom Power Systems Market Growth
Published: Jul 2025
Global telecom power systems market was valued at $4,570 million in 2024 and is projected to reach $12,278 million by 2035, growing at a CAGR of 9.5% from 2025 to 2035. Telecom operators are enhancing their offerings by promoting hybrid and DC-powered systems, thereby driving market growth in terms of energy efficiency and sustainability. According to the National Renewable Energy Laboratory, in February 2025, Verizon Wireless and NREL developed a new power system design that incorporates photovoltaics and batteries. The system, modeled using NREL's REopt model and OpenStudio software, will improve utility interconnection, resilience, cost savings, and efficiency.
Rising Demand for Automotive Lubricants Drives the Synthetic Ester Lubricants Market Growth
Published: Jul 2025
Synthetic ester lubricants market was valued at $2.06 billion in 2024 and is growing at a CAGR of 3.4% from 2025 to 2035. The market growth is largely driven by factors including the surging demand for synthetic lubricants across all end-use industries, most notably the automotive sector, one of the largest consumers of synthetic ester lubricants. The area is dominated by the globe's leading automobile manufacturers, including the Volkswagen Group, BMW Group, Daimler AG, PSA Group, Renault Group, Fiat Chrysler Automobiles, Volvo Cars, and Jaguar Land Rover, among others. Therefore, the rising demand for high-performance lubricants from the automotive industry, combined with the rising emphasis on energy efficiency and sustainability, is expected to propel market growth. 
Government Incentives & Industrial Policy Boosts Global Semiconductor Contract Manufacturing Market Growth
Published: Jul 2025
Semiconductor contract manufacturing market was valued at $135,800 million in 2024 and is growing at a CAGR of 8.5% from 2025 to 2035. The US, Japan, South Korea, India, and the EU are introducing semiconductor incentive programs to stimulate global competition and capacity expansion and improve market development. For instance, in November 2024, CHIPS for America invested up to $300 million in research work on emerging packaging in Georgia, California, and Arizona. The investment, coupled with private investment, amounts to more than $470 million. The investments target the next-generation substrates that support high-bandwidth communication, power transmission, and thermal dissipation. Substrates play a critical role in high-performance computing, artificial intelligence, and power electronics. The Biden-Harris Administration's announcement is supposed to enhance the competitiveness and technological innovation of the US semiconductor industry.
Public-Private Partnerships Boost Global Satellite Communication Market Growth
Published: Jun 2025
Satellite communication market was valued at $15,845 million in 2024 and is projected to reach $47,048 million by 2035, growing at a CAGR of 10.4% from 2025 to 2035. The increasing inclination of government investments supporting space tech startups and scaleups, including UK/ESA and EIB initiatives, is driving market growth. For instance, in February 2025, ArkEdge Space raised $52.8 million in Series B funding to become a satellite system integrator that is building a standardized bus system for 6U satellites to be used for IoT data collection, remote sensing, and naval communications.
The Growing Adoption of Smart Pest Control Technologies Boosts Rodent Control Market Growth
Published: Jun 2025
Rodent control market was valued at $2,395 million in 2024 and is projected to reach $4,737 million by 2035, growing at a CAGR of 6.4% from 2025 to 2035. Technologies such as IoT-based traps, rodent monitoring systems in real-time, and AI-driven data analytics are propelling market expansion in developed countries such as the US. The US pest control industry recorded strong expansion in 2024, with service revenue overall growing to $12.654 billion from $11.723 billion in 2023, an increase of 7.9%, according to Specialty Consultants, LLC. Key trends included a slight increase in revenue from cockroach control over nuisance ant control, and a 13.8% rise in carpenter ant control services. Bed bug control revenue additionally grew by 5.9% following a 10.6% increase the previous year. 
Industrial and Chemical Applications Boost Global Pyrometers Market Growth
Published: Jun 2025
Global pyrometers market is anticipated to grow at a CAGR of 7.4% during the forecast period (2025-2035). Non-contact infrared thermometers and pyrometers are essential for industrial and chemical applications in extreme environments owing to their safety, efficiency, quality assurance, and improved maintenance service network. For instance, in December 2023, Fluke Corp. introduced a new infrared thermometer designed for use in chemical environments. The non-contact thermometer, resembling a pistol, can be used in hazardous environments and special places such as process flows and construction. Fluke acquired Leitai, the globe's largest supplier of infrared non-contact temperature measurement instruments, to further develop the temperature testing instrument market.
Investments and Collaborations Boost Global Point-of-care Diagnostic Market Growth
Published: Jun 2025
Point-of-care diagnostic market was valued at $44,240 million in 2024 and is projected to reach $85,737 million by 2035, growing at a CAGR of 6.2% from 2025 to 2035. Strategic funding from venture capitalists, healthcare institutions, and government agencies is enabling startups to commercialize and scale their technologies, driving market growth. For instance, in January 2025, Novus Diagnostics secured $4.85 million in equity financing to develop its flagship product, SepTec, a rapid point-of-care diagnostic technology platform. The funding, led by BVP Investments, Trinity Biotech, and Irrus Investments, will accelerate the development of SepTec, a tool that can diagnose and classify bloodstream infections in 15 minutes, transforming sepsis diagnosis and treatment. 
Government Support & Funding Boost Global Massive MIMO Market Growth
Published: Jun 2025
Global massive MIMO market is anticipated to grow at a CAGR of 7.4% during the forecast period (2025-2035). Government investment and support, such as NTIA's US innovation fund and government-subsidized 5G rollouts in India and China, are boosting adoption and fueling market expansion. For instance, in February 2024, Ericsson installed 100,000 Massive MIMO 5G radios for Airtel in India, illustrating its dedication to serving the nation's 65 million+ 5G subscribers. The energy-efficient Ericsson Radio System products and solutions were tested on Airtel's 5G network, marking the first implementation and validation of RedCap software in India. Airtel 5G+ service is currently available nationwide.
Explosion in AI Workloads Boosts Global System-on-Chip Market Growth
Published: Jun 2025
System-on-chip market was valued at $138,460 million in 2024 and is projected to grow at a CAGR of 8.5% from 2025 to 2035. The widespread use of generative AI models such as GPT and image synthesis requires heterogeneous SoC structures with AI accelerators, high-bandwidth memory, and optical interconnects. For instance, in April 2025, AI networking chip startup nEye Systems raised $58 million, led by Alphabet's CapitalG fund. The company is developing a chip that uses optical technology to send information between AI chips in light, a field that could lower energy use for AI data centers.