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Latest Press Releases
Role of Augmented Analytics in Autonomous Vehicles Drives Market Growth
Published: Dec 2024
Augmented analytics market is anticipated to grow at a CAGR of 26.8% during the forecast period (2024-2031). Augmented analytics is used by autonomous vehicles to evaluate vast volumes of data from LiDAR, radar, and camera sensors. Augmented Analytics is integrated with many vehicle systems that deal with powertrain, infotainment, body electronics, and autonomous driving systems. Improved decision-making, efficiency, and safety are achieved by autonomous aircraft through the integration of AI and machine learning with modern data analytics. The integration of AI and advanced analytics in aircraft systems is a topic of ongoing research and contribution from several universities. 
Recent Innovations in the Global Food Robotics Market
Published: Dec 2024
Global food robotics market is anticipated to grow at a CAGR of 12.2% during the forecast period (2024-2031). Food robotics is applied in various industries, such as quality control, food packaging, palletizing, sorting and grading, pick-and-place tasks, cooking and food preparation, and collaborative robots, or cobots. Robots can package food products fast and accurately, sorting them according to size, color, weight, and quality, and stacking them onto pallets for transportation. In addition, it facilitates food assembly, checks food for contamination or defects, and additionally automates cooking processes. These machines offer manufacturers flexibility that have been developed to work alongside human operators.
Growing Consumer Electronics and IOT Devices Drives Growth of Printed & Flexible Sensors Market
Published: Dec 2024
Printed & flexible sensors market is anticipated to grow at a CAGR of 9.7% during the forecast period (2024-2031). Factors such as the increasing sensor manufacturing cost reduction and expansion of the Internet of Things devices are driving the market growth. According to the Organisation for Economic Co-operation and Development (OECD), in 2023, one such estimation suggests that in 2023 29.3 billion devices connected to the network globally and half of all machine-to-machine connections accounted for 14.7 billion. The industry growth includes expanded use of point-of-care diagnostic instruments. Consumer electronics are growing rapidly, and there's a growing need for smartphones, laptops, and tablets, with rising acceptance of robotization and digitization driving the market growth. 
Increasing Demand in End Use Industry Drive Distribution Transformer Market
Published: Dec 2024
Distribution transformer market is anticipated to grow at a CAGR of 10.7% during the forecast period (2024-2031). Governments deploy distribution transformer systems to enhance service delivery, public safety, and infrastructure development. Businesses, governments, and private residents are among several end users of distribution transformers. The increasing utilization of the distribution transformer in end-user industries such as manufacturing, retail, and healthcare, to increase productivity, minimize expenses, and advance execution resulting in the expansion of the distribution transformer market. 
Growing Investment in Solar Energy Infrastructure Drives Growth of Photovoltaic Switch Market
Published: Nov 2024
Photovoltaic switch market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The expansion of the use of solar PV systems for residential applications, the declining cost of PV systems, the increase in solar installations brought about by government-sponsored incentives and programs, and are all factors contributing to the industry's growth. According to the International Energy Agency (IEA), in 2022, investments for the expansion of solar PV capacity globally climbed by more than 20.0, surpassing $320 billion and setting a new record. In the same year, solar PV accounted for 45.0% of all investments made globally in the production of electricity, demonstrating its dominant position in the energy industry.  
Growing Integration of AI and Automation Drives Growth of Micro Mobile Data Center Market
Published: Nov 2024
Micro mobile data center market is anticipated to grow at a significant CAGR of 11.2% during the forecast period (2024-2031). Pivotal factors such as increasing demand for computing, storage, and networking infrastructure, growing adoption of micro mobile data centers in end-user industries such as IT resources closer to the point of data generation that result in low-latency data processing, enhance resilience, and support seamlessly are all factors contributing to the industry's growth. According to the World Economic Forum, in September 2024, Data centers supporting artificial intelligence (AI) currently consume around 4.0% of US electricity, which could double by the end of the decade.
Increasing Adoption of AI and ML Globally Drives Growth of Autonomous Enterprise Market
Published: Nov 2024
Autonomous enterprise market is anticipated to grow at a significant CAGR of 12.6% during the forecast period (2024-2031). The increasing use of supply chain optimization, fraud detection, risk management, process automation and enhancement, and tailored customer interaction are all factors contributing to the market's expansion. According to Worldmetrics, in July 2024, the financial services sector is the largest adopter of enterprise software solutions, constituting 25.0% of the market. Global spending on enterprise applications is expected to reach $201 billion in 2023. 
Increasing Adoption of AI and ML Globally Drives Growth of Autonomous Enterprise Market
Published: Nov 2024
Autonomous enterprise market is anticipated to grow at a significant CAGR of 12.6% during the forecast period (2024-2031). The increasing use of supply chain optimization, fraud detection, risk management, process automation and enhancement, and tailored customer interaction are all factors contributing to the market's expansion. According to Worldmetrics, in July 2024, the financial services sector is the largest adopter of enterprise software solutions, constituting 25.0% of the market. Global spending on enterprise applications is expected to reach $201 billion in 2023. 
Product Innovation & Changing Food Consumption Trends are Projected to Drive Growth in Dried Processed Food Market
Published: Nov 2024
Dried processed food market is anticipated to grow at a CAGR of 4.9% during the forecast period (2024-2031) driven by increased innovation in products & evolving food consumption behavior worldwide. Mainly, the product line for dried processed food products has significantly grown in the last few years and covers dairy products, baby food, vegetables, fruits, meals, and others. In addition, it has featured novel functionalities in its offerings, including freeze products, on-the-go consumption products, high-protein or functional ingredient-based products, and many more. All these innovations are based upon the changes in consumption behavior of consumers who are increasingly moving towards healthy, convenient, and 'on the go' food intake. 
Global Plant-Based Butter Market is Experiencing Significant Growth and Innovation
Published: Nov 2024
Plant-based butter market is anticipated to grow at a CAGR of 6.2% during the forecast period (2024-2031). Plant-based butter is widely used in a wide variety of different industries. These include the food industry, packaged and processed foods, retail and household use, the health and wellness sector, industrial and institutional applications, and specialty products. It is widely used for baking, cooking, condiments, packaged foods, food service, retail, household, health and wellness sector, industrial and institutional applications, and specialty products. It is vegan, lactose intolerant, and dairy-free, hence therefore less damaging than butter from the dairy to the environment.