New Product Development
The global 5G technology market is expected to be worth US$ 9.6 billion in 2022 and to grow at a CAGR of 71.9% to reach US$ 248.4 billion by 2028. The aviation industry is focused on small cells because of the better range and the quality of 5G network. Small cells are low powered cellular radio access nodes that can operate in different …
Continue reading “5G Technology Market is likely to be valued at US$ 19.3 billion in 2023”
Companies in the optical emission spectroscopy market are offering specialized solutions to cater to the requirements of diverse applications in medical, automotive, waste management, etc. Launch of new solutions is pushing revenues in the global market, as highlighted in a new report by Future Market Insights (FMI). According to FMI analysis, strategic mergers, acquisitions and …
The Middle East/North Africa commercial vehicles (trucks) market size is projected to advance at a CAGR of 5.2% during the period 2023 to 2033. The market is expected to reach a valuation of US$ 6.9 billion in 2023. By 2033, the estimation is projected to cross US$ 11.4 billion. The market is mainly driven by …
The global hybrid vehicles market size is expected to create a lucrative growth opportunity over the estimation period from 2022 to 2032 by registering a CAGR of 21.6%. The market is anticipated to be valued at US$ 192.7 Bn in 2022 and is expected to reach a valuation of US$ 1,362.3 Bn by 2032. According to the …
Continue reading “Hybrid Vehicles Market Size to Reach US$ 1,362.3 Billion by 2032 | CAGR of 21.6%”
The global demand for cargo bikes is expected to rise at 10.8% year-on-year in 2021 with sales reaching over US$ 900 million. Future Market Insights (FMI) projects the cargo bike market to grow at 11.6% CAGR between 2021 and 2031. With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According to a recent report …
Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The demand for automotive repair & maintenance services declined in 2020 due to the COVID-19 outbreak. However, sales are …
The ship repair and maintenance services market is likely to strengthen its boundaries at a CAGR of 6.6% during the forecast period. The market is anticipated to cross a market share of US$ 50.3 billion by 2033 while it holds a revenue of US$ 26.5 billion in 2023. – The rising manufacturing industry along with …
According to a recent study conducted by Future Market Insights, the application virtualization market is expected to reach US$ 13.2 billion by 2032, up from US$ 3.8 billion in 2022, expanding at a high CAGR of 13.1%. This study explains that an increase in the implementation of third-party platform by business for implementation of applications is a …
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The business intelligence market is expected to rise at a CAGR of 7% throughout the forecast period. The valuation of the business intelligence market is projected to reach US$ 52.6 Bn by 2032 from US$ 26.7 Bn in 2022. The demand for business intelligence is predicted to rise as a result of various factors such as an increased focus on digital transformation, …
Continue reading “Business intelligence market is expected to rise at a CAGR of 7% by 2032-FMI”
Advancement in technology and urbanization is positively affecting the demand for cold flow improvers market which will expand the market at a CAGR of 5.2% over the forecast period. The demand for cold flow improvers is to witness a considerable growth due to rising demand for industrial lubricants and improving economic conditions. Rising demand and consumption leads …