The System on Module (SoM) Market is experiencing rapid growth driven by urbanization, digitization, and the increasing online presence of businesses and individuals. As advanced Artificial Intelligence technology gains traction, the demand for SoM is skyrocketing. This surge is particularly evident in the consumer electronics sector, where smartphones, laptops, tablets, and computers are constantly pushing …
Category Archives: Press Release
FMI Analysis Affirms Global Driver Monitoring System Market Valuation to Cross USD 9.3 Billion Mark by 2033, Driving 7.5% CAGR Growth
The driver monitoring system (DMS) market is projected to grow at a steady compound annual growth rate (CAGR) of 7.5% from 2023 to 2033. The market is expected to reach a valuation of USD 9.3 billion by 2033, up from USD 4.5 billion in 2023. The increasing demand for self-driving and semi-autonomous vehicles, including both passenger and commercial vehicles, is driving the adoption …
Global Automated Material Handling Systems Market Size to Reach USD 81.8 Billion Mark by 2033, Surging at 9.2% CAGR Growth
The global automated material handling systems market is anticipated to grow at a CAGR of 9.2% over the course of the forecast period, according to the most recent study by FMI. The market is anticipated to be worth USD 34 billion in 2023. The value is expected to hit USD 81.8 billion by 2033. The global industry for these machines is growing rapidly in …
Global Industrial and Workplace Safety Market Share to Reach USD 11.1 Billion Mark by 2033, Driven by 6% CAGR Growth
The industrial and workplace safety market is on track for explosive growth, with a projected valuation of USD 11.1 billion by 2033. This expansion reflects a steady Compound Annual Growth Rate (CAGR) of 6%, signifying a significant advancement in global safety standards. In 2023, the market achieved a notable valuation of USD 6.2 billion, marking the beginning …
Global Gas Generator Sets Market Size Anticipated to Surge Past USD 17,667.8 Million by 2033, Expanding at 6.7% CAGR | FMI Study
The global gas generator sets market is expected to expand at a 6.7% CAGR during the forecast period. Revenue from the sale of gas generator sets is expected to increase to USD 17,667.8 million by 2033, up from USD 9,237.2 million in 2023. Several primary factors drive the gas generator sets industry’s development and acceptance. The growing need for dependable and continuous power …
FMI Report Predicts Global Fuel Cell for Stationary Power Market Size to Cross USD 5,676.8 Million by 2033, Driving 11.1% CAGR Growth
The fuel cells for stationary power market is poised for significant growth, with a projected valuation of USD 5,676.8 million by 2033. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 11.1% from its current market value of USD 1,981.4 million in 2023 (Future Market Insights, Inc.). This significant growth highlights …
FMI Study Projects Global Facility Management Services Market Share Set to Reach USD 79,285.6 Million by 2033, Surging at 5.4% CAGR
The facility management services market is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% over the forecast period. The facility management industry overview projects the market’s net worth to reach approximately USD 46,858.5 million by 2023. Moreover, FMI projects that at the conclusion of this forecast period, the total valuation would be close to USD 79,285.6 million. The …
FMI Study Predicts Global Industrial Air Filtration Market Valuation to Exceed USD 56.1 Billion by 2033, Driven by 5.7% CAGR Growth
The industrial air filtration market has achieved a commendable valuation of USD 32.2 billion in 2023. This upward trajectory is expected to persist, with an anticipated market value of USD 56.1 billion by 2033. Notably, this growth is supported by a robust Compound Annual Growth Rate (CAGR) of 5.7% projected throughout the forecast period. This consistent expansion …
FMI Study States Global Solar District Heating Market Size Anticipated to Surpass USD 5.26 Billion by 2033, Growing at 6.6% CAGR
The solar district heating market is anticipated to expand its roots at an average CAGR of 6.6% between 2023 and 2033. The market is expected to have a market share of USD 5.26 billion by 2033 while it is likely to be valued at USD 2.77 billion in 2023. The lack of energy resources with the growing population and high energy consumption is …
FMI Projection States Global Green Building Materials Market Size to Grow at 11.2% CAGR, Forecasted to Surpass USD 962 Billion by 2033
The green building materials market is expected to hold a valuation of USD 334 billion in 2023. The market is expected to record a CAGR of 11.2% during the forecast period. By 2033, the market size is expected to cross the mark of USD 962 billion. Leaders worldwide have started taking measures to control carbon emissions. The Japan government announced that Japan …