As of 2033, the global demand for sugar-based excipients was valued at US$ 1068.41 million, growing at a CAGR of 4.8%. In 2023, the market was valued at US$ 1707.46 million. This rise in market value is due primarily to the increased use of combination-processed excipients. It is anticipated that the rapid growth of the …
Monthly Archives: July 2024
Fiber Optic Test Equipment Market Projected to Reach USD 1.78 Billion by 2033 with a 6.8% CAGR
The fiber optic test equipment market is poised for substantial growth, projected to reach USD 923 million by 2023 and expected to expand further at a compound annual growth rate (CAGR) of 6.8% to USD 1,779.9 million by 2033. This growth reflects increasing demand driven by expanding fiber optic networks globally, necessitating advanced testing and …
Rail Gangway Market is expected to Reach USD 798.5 Million by 2033, with a CAGR of 4.9% | FMI Reports
The global rail gangway market is anticipated to reach a valuation of USD 494.9 million in 2023, propelled by public-private partnerships. This trend is expected to create new opportunities, leading to a projected CAGR of 4.9% between 2023 and 2033, and a total valuation of approximately USD 798.5 million by 2033. One major factor contributing …
Ship Repair and Maintenance Service Market Worth USD 53,375.69 Million by 2034, with a CAGR of 6.6% | FMI Reports
The ship repair and maintenance service market is projected to be valued at USD 28,169.45 million in 2024. With a moderate CAGR of 6.6% from 2024 to 2034, the global market is expected to reach USD 53,375.69 million by 2034. The expanding manufacturing industry and increased industrialization have led to higher consumption of logistics services, …
Automotive Turbocharger Market Races Towards USD 41.5 Billion by 2033, with a CAGR of 9.6% | FMI Reports
The global automotive turbocharger market is projected to reach USD 16.6 billion in 2023 and is expected to grow to USD 41.5 billion by 2033, with an anticipated CAGR of 9.6% throughout the forecast period. Turbochargers enhance engine efficiency by compressing intake air, improving combustion and power production. This is especially crucial as governments worldwide …
Automotive Cabin Air Quality Sensors Market to Grow USD 1,492.3 million by 2033, with a CAGR of 12.3% | FMI Reports
According to Future Market Insight, the global automotive cabin air quality sensors market is expected to reach USD 1,492.3 million by 2033, registering a CAGR of 12.3%. This marks a significant increase from its projected value of USD 467.8 million in 2023. The trend of urbanization and improving economic conditions in emerging regions has led …
Geospatial Analytics Market is Expected to Reach a High Valuation of USD 34.5 Billion by 2032 | Future Market Insights, Inc.
The global geospatial analytics market is anticipated to be worth USD 10.6 billion. The market will reach USD 34.5 Billion by 2032, increasing at a 12.5% CAGR over the assessment period. According to FMI, technological improvements in machine learning and artificial intelligence, as well as big data technologies for analyzing geographical data, are driving the geospatial analytics industry. Geospatial analytics …
Air Transport MRO Market to Reach USD 130 billion by 2033, with a CAGR of 5% | FMI Reports
The global air transport MRO (Maintenance, Repair, and Overhaul) market is estimated to reach a valuation of USD 79.2 billion in 2023 and is projected to exceed USD 130 billion by 2033, with a CAGR of 5% during the forecast period. The aircraft engine MRO sector is expected to experience significant growth, driven by the …
Air Suspension Systems Market to Reach USD 13.0 Billion by 2033, with a CAGR of 9.6% | FMI Reports
The global air suspension systems market is projected to be worth USD 5.2 billion in 2023 and is expected to exceed USD 13.0 billion by 2033. Analysts at Future Market Insights estimated the market’s historical valuation at USD 4.9 billion for the base year. The increasing use of heavy trucks in construction, logistics, and …
Retread Tire Market Expansion Forecast: USD 20 Billion by 2033, with a CAGR of 6% | FMI Reports
The global retread tire market is projected to reach USD 11.2 billion in 2023 and is expected to grow to USD 20 billion by 2033, with a CAGR of 6% during the forecast period. This significant growth is primarily driven by the rising prices of new tires, especially for sports utility vehicles, due to increased …