Orion Market Research Pvt. Ltd. info@omrglobal.com +91 780-304-0404

Advancement in technologies enables to create modern day world led by introduction of new smart gadgets that have optimized business operations and eased lives. New technologies and development has significantly contributed in shaping modern day businesses and day to day activities through innovation, contentedness and R&D. Recent advance technology in domains such as automotive, healthcare, chemical and ICT have simplified complex business processes and enhanced time and cost efficiency.

Latest Press Releases
Advancements in Eco-Friendly Watercraft & Electric Outboard Motors to Propel Market Growth
Published: Feb 2025
Global electric outboard engine market is anticipated to grow at a CAGR of 6.2% during the forecast period (2025-2035). Small boats, kayaks, and pontoons are used for eco-friendly tourism in leisure and water sports. It additionally finds other commercial applications such as military and government missions, aquaculture, and marine research. Eco-friendly, quiet, and low-emission vehicles are commonly used in sports and events for short-distance travel.
The Development of AI Accelerators: Generative AI Powered by GPUs to Propel Market Growth
Published: Feb 2025
Global AI accelerator market is anticipated to grow at a CAGR of 29.4% during the forecast period (2025-2035). The increased demand for generative AI tools, including ChatGPT and image synthesis platforms, has led to an increased demand for heavy workloads on GPUs, contributing significantly to the market growth. 
Semiconductor Industry Growth to Fuel Coordinate Measuring Machine Market Expansion
Published: Feb 2025
Global 3D Coordinate Measuring Machine (CMM) market is anticipated to grow at a CAGR of 8.8% during the forecast period (2025-2035). The semiconductor industry's growth is primarily driven by the significance of component verification through CMMs that guarantee design accuracy in Integrated Circuits (ICs), wafers, and electronic components. According to Semi.Org, in October 2024, the Electronic System Design (ESD) industry reported a revenue increase of 18.2%, reaching $4,685.5 million, compared to $3,962.7 million in the same period in 2023. Computer-Aided Engineering (CAE) revenue grew by 8.9% to $1,646.4 million, while IC Physical Design and Verification revenue increased by 13.1% to $779.3 million. Additionally, Printed Circuit Board and Multi-Chip Module (PCB and MCM) revenue rose by 8.2% to $399.2 million, Semiconductor Intellectual Property (SIP) revenue surged by 33.9% to $1,680.7 million, and Services revenue expanded by 30.8% to $179.8 million. 
Expansion And Modernization of Grid Infrastructure are Projected to Drive Growth in Power Substation Market
Published: Feb 2025
Global power substation market is anticipated to grow at a CAGR of 4.1% during the forecast period (2025-2035). The key trends driving the market growth for the power substation market include grid expansion and modernization. Presently, the global dynamics for power and energy supply are moving in an upward trajectory supported by factors such as expansion in urban population, growing industrial footprint, and extension of energy supplies in remote areas. The growing demands for energy supply support the expansion of the grid infrastructure and the installation of advanced technologies within substation structures, including smart grids, digital systems, automation tools, and others. Moreover, the global policy of energy transition is promoting progress in power substations to meet the renewable energy power supply ecosystems. 
Personalization of Logistical Offerings is Necessitating Integration of Logistic Automation Solutions
Published: Feb 2025
Global logistics automation market is anticipated to grow at a CAGR of 12.9% during the forecast period (2025-2035). The market growth can be attributed to the rising industrial focus on personalizing logistical offerings. Personalization includes platform and manufacturer-level initiatives such as same-day delivery, quick commerce, no-questions-asked returns, and others, which are intended to improve customer satisfaction and boost demand. However, such programs require the automation of logistics and supply chain workflow across industries, as the logistics department suffers from differential issues such as abnormal returns, excess workload, and optimal demand fulfillment requirements. 
Recent Developments in the Global Food & Beverage Market
Published: Feb 2025
The global food & beverage market is anticipated to grow at a CAGR of 6.9% during the forecast period (2024-2031). The market growth is driven by the increase in the number of on-the-go consumers and the rising adoption of ready-to-eat food. Additionally, increasing population per capita income and changing lifestyles are contributing to the market growth. Furthermore, the increasing meat & alcohol consumption development of the food supply chain is bolstering the market during the forecast period. The global food & beverage market is segmented by food (wheat, coarse grain, rice, oil crops, sugar, meat & meat products, milk and milk products, fishery products) by beverages (alcoholic beverages, carbonated soft drinks, dairy products, bottled water, non-carbonated drinks), and by geography (into North America, Europe, Asia-Pacific, and the Rest of the World).
Increasing Disease Incidence is Bolstering the Global Ostomy Drainage Bags Market
Published: Feb 2025
The global ostomy drainage bags market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031). The market growth is driven by the growing product developments and the prevalence of colorectal cancer, and bladder cancer. Furthermore, the growing geriatric population in Europe and the US with urinary incontinence issues is propelling the market during the forecast period. However, patients with ostomy operations can experience a variety of symptoms or problems which is restraining the market growth. The growing awareness and acceptance of ostomy drainage bags in emerging economies is further projected to present a significant opportunity for market growth.
Growth and Trends in the Global Fiberglass Market
Published: Feb 2025
The fiberglass market is estimated to grow at a CAGR of 10% during the forecast period (2024-2031). The market growth is driven by the extensive use of fiberglass for manufacturing applications in the construction and automobile industries. Additionally, fiberglass is used on a large scale in industries such as aerospace & defense, marine, food, electronics body parts, and more to produce lightweight body parts, contributing to the market growth during the forecast period. Furthermore, stringent government regulations across the globe are propelling the market. Moreover, the increasing adoption of renewable energy has led to the increased installations of wind turbines, contributing to the rising demand for hard and lightweight fiberglass, for the manufacturing of blades of wind turbines and other parts. However, the availability of its substitute products, such as carbon fiber and aluminum is the major factor restraining market growth.
Shift Towards Renewable Energy is Driving the Global Solar Tracker Market
Published: Feb 2025
The global solar tracker market is projected to have a considerable CAGR of around 11.6% during the forecast period (2024-2031). The market growth is driven by the rising adoption of renewable sources for power generation, increasing solar PV installations, growth in solar energy projects, and funding for solar tracking systems. Most of the increase is anticipated to come from solar, wind, and hydropower according to the Center for Climate and Energy Solutions. However, the high cost associated with the installation of solar panels, design complexity, and lack of skilled persons are the restraining factors that are hindering the market growth. The technological innovations and increasing awareness of solar energy are expected to present considerable opportunities for market expansion. 
Increasing Prevalence of Chronic Disease is Driving the Global Diagnostic Imaging Services Market
Published: Feb 2025
The global diagnostic imaging services market is projected to have a considerable CAGR of 5.5% during the forecast period (2024-2031). The market growth is driven by the increasing prevalence of chronic diseases such as arthritis, cardiovascular diseases, asthma, cancer, and chronic obstructive pulmonary disease (COPD), among others. The increasing number of cardiovascular diseases is significantly contributing to the market growth owing to the rising demand for ultrasound guide biopsies, diagnosing heart conditions, and assessing damage after a heart attack.