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Latest Press Releases
Technological Advancements are Driving the Digital Battlefields Market
Published: Feb 2025
The global digital battlefields market is anticipated to grow at a considerable CAGR of 15.4% during the forecast period (2024-2031). The market growth is driven by the increasing demand for advanced communication and networking technologies. However, the significant initial investment to develop and deploy digital battlefield technologies is restraining the market growth during the forecast period. 
Increasing Penetration of Smartphones and Mobile Apps Drives Market Growth
Published: Feb 2025
The Indian motorcycle-sharing service market size was $72 million in 2024 and is anticipated to grow at a CAGR of 9.5% during the forecast period (2025-2035). Smartphone adoption and a growing number of mobile applications in India are contributing to the market growth. The smartphone penetration in the country allows for easy booking, tracking, and cashless transactions. According to the Information Bureau Government of India, in August 2024, significant progress has been made in expanding internet connectivity across India, under the Digital India Initiative. Internet use makes bike sharing more accessible to people contributing to the market growth.  The country had 954.40 million internet subscribers nationwide, in March 2024. 
3D Printing Drives Demand for Surface Measuring Innovations Boats the Market Growth
Published: Feb 2025
Global surface measuring instrument market is anticipated to grow at a CAGR of 10.3% during the forecast period (2025-2035). Advances in 3D printing and additive manufacturing have led to a high demand for high-performance surface measuring instruments. For instance, in October 2024, InnovMetric introduced PolyWorks 2024- A novel digital solution to help manufacturers shift their perspective in 3D measurement processes. It involves a universal metrology platform, real-time data delivery, and integration of 3D inspection data into reporting tools in Microsoft Excel and Power BI.
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.