DNA Synthesis Market is expected to expand at a CAGR of 13.2% to reach a staggering USD 9,999.6 Million by 2033 | FMI Study

DNA Synthesis Market
DNA Synthesis Market

The future of genetic research and development is bright, fueled by the growth of the DNA Synthesis Market. This market is projected to reach a staggering USD 9,999.6 million by 2033, up from USD 2,898.3 million in 2023. This represents a significant Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period.

the DNA synthesis market is fueled by the growing application of the same in different end-use industries like agricultural science, food science, immunology, antibody discovery, cancer research, infectious diseases, and synthetic biology. Hence, the DNA synthesis market looks forward to robust prospects during the forecast period.

The natural creation of nucleic acid strands through DNA replication is referred to as DNA synthesis. They are synthesized artificially using genetic engineering and enzyme chemistry in a laboratory environment. The synthesized version is then used for various purposes and applications like therapeutic, diagnostics, and academic and industrial research. With a surge in the popularity of DNA synthesis, these applications have also increased in the past few years.

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The growing adoption of gene therapy has contributed to the rise in the need for rapid gene synthesis products. These products provide accurate gene sequences in a short time. It enhances the body’s ability to fight against infection and diseases. The utilization of DNA synthesis is increasingly becoming important so as to avoid any alteration to DNA which may result in oncological diseases. In addition to this, the demand for DNA synthesis is also escalating due to its ability to repair the disease of premature ageing.

The synthetic biology segment is a primary growth driver of the DNA synthesis industry and accounts for a major share. Again, growing research and development associated with gene synthesis along with constant advancements made in the technological processes such as molecular separation and protein purification technology which assist in developing reliable, fast, and cost-effective solutions also contribute to the target market growth over the projected period.

Rising application of DNA synthesis in areas like therapeutic, diagnostics, and academic and industrial research will drive the market growth of the same over the forecast period,” says an FMI analyst.  

DNA Synthesis Market Key Takeaways:

  • Advancements in technological processes will strengthen the future possibilities of the DNA synthesis industry.
  • Extended wait for approvals of gene synthesizers and products may stunt the market growth.
  • North America accounts for 30.2% of the global market share.
  • The DNA synthesis market in Europe will likely hold 27.9% of the overall market share.

Competitive Landscape 

Brooks Automation, Inc. (GENEWIZ), Boster Biological Technology, ProteoGenix, Biomatik, ProMab Biotechnologies, Inc., Thermo Fisher Scientific, Inc., Integrated DNA Technologies, Inc., and OriGene Technologies, Inc., among others, are some of the major players in the DNA synthesis industry profiled in the full version of the report.

Leading market players are focusing on utilizing innovative marketing plans to achieve the highest profits. These enterprises are also keen on mergers, partnerships, and collaboration to strengthen their market presence.

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DNA Synthesis Market Key Segments

By Service Type:

  • Oligonucleotide DNA Synthesis
  • Universal Oligonucleotide DNA Synthesis
  • Custom Oligonucleotide DNA Synthesis
  • Gene DNA Synthesis
  • Custom Gene DNA Synthesis
  • Gene Library DNA Synthesis

By Application:

  • DNA Synthesis for Research and Development
  • DNA Synthesis for Academic Applications
  • DNA Synthesis for Industrial Applications
  • DNA Synthesis for Diagnosis
  • DNA Synthesis for Therapeutics

By End User:

  • DNA Synthesis for Biopharmaceutical Companies
  • DNA Synthesis for Academic and Research Institutes
  • DNA Synthesis for Contract Research Organizations

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Disposable Insulin-Delivery Device Market is anticipated to expand at a 7.6% CAGR and reach USD 32,814 Million by 2033 | FMI Study

Disposable Insulin-Delivery Device Market
Disposable Insulin-Delivery Device Market

The global Disposable Insulin-Delivery Device Market is experiencing a surge, driven by the increasing prevalence of diabetes. According to a recent market analysis, the market, currently valued at USD 15,780.6 million in 2023, is projected to reach a substantial USD 32,814 million by 2033. This represents a robust Compound Annual Growth Rate (CAGR) of 7.6% over the next decade.

According to the International Diabetes Federation (IDF), one-tenth of the total population affected by diabetes has Type 1, and 10% of these individuals do not currently use insulin-delivery devices, implying that the Disposable Insulin-Delivery Device market has significant potential for growth during the forecast period.

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Pens are currently the most prevalent insulin delivery technology, accounting for more than 36% of the market when compared to syringes, pumps, and jet injectors. Pens’ design and ease of use have contributed to their widespread use. NovoPen is now the market leader, with a memory function as an extra bonus.

The principal end-user of Disposable Insulin-Delivery Devices is home care, which accounts for more than 45% of the market. The cost-effectiveness of home care over hospital treatment is a major contributor to this trend. Furthermore, the portability of these gadgets adds to their use for home care applications. Future Industry Insights did an in-depth analysis of the Disposable Insulin-Delivery Device industry, encompassing both micro and macro variables, in their latest market study titled ‘Disposable Insulin-Delivery Device Market.’

Key Takeaways from Disposable Insulin-Delivery Device Market

  • North America has a 33% market share. Rising diabetes rates, credible government programs, and the emergence of many disposable insulin delivery device manufacturers could all contribute to this. Diabetes affects more than 37 million people in the United States, according to the CDC.
  • As a result of advances in healthcare infrastructure throughout Europe, Europe today controls 29% of the market. Diabetes was diagnosed in about 32 million persons in the EU in 2019.
  • Rising diabetes awareness is one of the key forces driving the Disposable Insulin-Delivery Device market in the Asia-Pacific region, and this trend is expected to continue.

Key Players:

  • Animas Corporation
  • F. Hoffmann-La Roche AG
  • Insulet Corporation
  • Medtronic Plc.
  • Valeritas, Inc.,
  • Tandem Diabetes Care, Inc.
  • Johnson & Johnson
  • Beta Bionics Inc.
  • Abbott Laboratories
  • Becton Dickinson & Co.
  • EyeSense GmbH

Disposable Insulin-Delivery Device Market Competitive Landscape

  • In February 2022, Abbott announced a partnership with Fitterfly, HealthifyMe, Zyla Health, 1MG, GOQii, PharmEasy, Sugar.fit, and BeatO as a step towards holistic diabetes control treatment. Abbott provides glucose monitoring solutions to over 8 million diabetes patients through collaborations, with 6.5 million having access to 1MG and PharmEasy.
  • Insulet Corp. announced in January 2022 that the new Omnipod 5 system had been approved by the US FDA, introducing it into the field of AID (automated insulin delivery).
  • In March 2022, Novo Nordisk announced the availability of two smart linked insulin pens called ‘NovoPen Echo Plus’ and ‘NovoPen 6’ for patients receiving Novo Nordisk insulin in the UK.
  • Sanofi and Roche will collaborate in November 2021 to increase the usage of disposable insulin pens. Local players are also being approached in order to expand market penetration.

“A large chunk of the population is contracting diabetes, which asks for Disposable Insulin-Delivery Devices”, thereby accelerating the market for the same”, says an analyst from Future Market Insights.

What does the Report have at its discretion?

  • In its latest analysis, Future Market Insights provides an exclusive perspective and numerous real-time data on the Disposable Insulin-Delivery Device market, presenting historical demand assessments from 2016 to 2021 and predictions from 2022 to 2032.
  • The study is divided into three sections: product type (disposable insulin-delivery pumps, disposable insulin-delivery patches, disposable insulin-delivery pens, and disposable insulin-delivery syringes), illness indication (type I and type II diabetes), and distribution channel (hospital pharmacies, retail pharmacies, online sales, and diabetes clinics).
  • With an increase in the number of diabetic patients as a result of obesity, aging, and sedentary lifestyles, the global Disposable Insulin-Delivery Device market is poised to make waves in the healthcare industry in the next years.

Want more insights:

In North America, the market is mature and dominated by established players such as Novo Nordisk and Eli Lilly. The increasing prevalence of diabetes, favorable reimbursement policies, and the availability of Advanced Insulin Delivery Technologies have been the key drivers of market growth in this region.

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Key Segments Profiled in the Disposable Insulin-Delivery Device Market

by Product Type:

  • Disposable Insulin-Delivery Pumps
  • Disposable Insulin-Delivery Patches
  • Disposable Insulin-Delivery Pens
  • Disposable Insulin-Delivery Syringes

by Disease Indication:

  • Disposable Insulin-Delivery Devices for Type I Diabetes
  • Disposable Insulin-Delivery Devices for Type II Diabetes

by Distribution Channel:

  • Disposable Insulin-Delivery Devices Sales via Hospital Pharmacies
  • Disposable Insulin-Delivery Devices Sales via Retail Pharmacies
  • Disposable Insulin-Delivery Devices Sales via Online Sales
  • Disposable Insulin-Delivery Devices Sales via Diabetes Clinics

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Projects Global Turboexpander Market Size Forecasted to Exceed USD 2 Billion Mark by 2034, Growing Steadily at 5.4% CAGR

According to Future Market Insights’ latest industry analysis, the global turboexpanders market size is estimated to be around USD 1.2 billion in 2024. It is projected to exhibit a CAGR growth of 5.40% over the forecast period, with an estimated market size of USD 2 billion by 2034.

The market for turboexpanders has been witnessing significant growth in recent years due to the increased demand for efficient natural gas processing plants, where they play a crucial role in gas processing and liquefaction. Industries are also placing a rising emphasis on optimizing energy usage and minimizing waste, with turboexpanders being used to harness the energy from high-pressure gas streams and convert it into mechanical power or electricity.

The surging demand for cryogenic applications in industries such as healthcare, food processing, and electronics is another factor driving the growth of the turboexpander market. Ongoing advancements in turboexpander design and manufacturing are leading to significant improvements in efficiency, reliability, and performance. This is also contributing to the widespread adoption of turboexpanders across various industries.

The oil and gas sector is increasingly adopting turboexpanders, especially companies involved in natural gas processing plants, LNG facilities, and oil refineries for gas processing, gas liquefaction, and hydrocarbon recovery processes. The sales of turboexpanders are also growing among chemical plants, where companies use them for cryogenic applications such as the separation and purification of gases, as well as for energy recovery from high-pressure gas streams.

“Companies in the turboexpander market must explore opportunities to expand their presence in both established and emerging markets. They can also establish partnerships, open new service centers, or acquire local businesses to better serve customers worldwide,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Key Takeaways from the Market Study:

  • The axial flow segment is poised to dominate the turboexpander industry with a market CAGR of 5.10%.
  • Based on the loading device, the compressors segment is set to lead the turboexpander industry with a CAGR of 4.80%.
  • The turboexpander industry in the United Kingdom is anticipated to develop at a modest CAGR of 6.90% through 2034.
  • The turboexpander market in China is estimated to rise at a CAGR of 6.40% through 2034.
  • The turboexpander industry in Japan has the potential to increase at a CAGR of 4.00% through 2034.
  • The United States turboexpander industry is predicted to rise by a CAGR of 5.80% through 2034.
  • The turboexpander industry in South Korea is very likely to develop at a CAGR of 7.40% through 2034.

Competitive Landscape of the Turboexpander Market:

Turboexpander technology has been gaining popularity in recent years due to its numerous benefits, including energy savings, reduced carbon footprint, and improved production efficiency. The market has a wide range of companies that cater to both international and domestic consumers. Prominent players such as Atlas Copco, Cryostar, Air Products and Chemicals, Inc., Baker Hughes, and General Electric invest heavily in research and development to enhance their products’ efficiency, functionality, and sustainability. These companies often receive grants and subsidies from the government to promote the adoption of turboexpander technology in various industries.

Key Companies in the Market:

  • Atlas Copco
  • Cryostar
  • Air Products and Chemicals, Inc.
  • Baker Hughes
  • General Electric
  • Siemens
  • Elliott Group
  • Turbogaz
  • L.A. Turbine
  • Kobelco
  • Hangyang
  • ACD
  • Cryoquip
  • Cryodynamics
  • GE Oil & Gas
  • Sulzer
  • R&D Dynamics Corporation
  • Howden
  • Toshiba
  • Voith Turbo

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Recent Developments in the Turboexpander Market:

  • Breaking the West’s monopoly, Iranian experts and technicians at Shazand Petrochemical Company in Markazi Province domestically designed and produced a turboexpander in May 2023. This achievement, announced by Iran’s Ministry of Petroleum’s Shana news agency, involved collaboration with a local knowledge-based firm, offering significant cost savings.
  • Partnering with Tallgrass and Evolve Energy, Sapphire Technologies shipped its largest batch of turboexpanders yet in June 2023. The delivery of four turboexpanders marked the beginning of a significant milestone, with plans for a 400% production increase by year-end.
  • In August 2023, Nikkiso Clean Energy & Industrial Gases Group’s Cryogenic Service unit, Nikkiso Cryogenic Services (NCS), expanded local support for Nikkiso products like ACD cryogenic pumps and turboexpanders in Brazil by partnering with Neuman & Esser (NEA) Brasil. The aim was to streamline repairs and enhance customer service.

Turboexpander Market by Segmentation:

By Product Type:

  • Axial Flow
  • Radial Flow

By Loading Device:

  • Compressor
  • Generator
  • Hydraulic/Oil-brake

By Power Capacity:

  • Less than 1 MW
  • 1MW – 4 MW
  • 5MW – 9MW
  • 10MW – 19MW
  • 20MW – 24 MW
  • 25 MW – 40 MW
  • Above 40 MW

By Application:

  • Air Separation
  • Oil & Gas Processing
  • Cryogenic Application
  • Others

By End Use:

  • Oil & Gas
  • Energy & Power
  • Chemical & Petrochemicals
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Dyslexia Treatments Market is expected to expand at a CAGR of 6.3% to reach USD 8 Billion By 2033 | FMI Study

Dyslexia Treatments Market
Dyslexia Treatments Market

The landscape for dyslexia treatment is undergoing a transformative shift. The global Dyslexia Treatments Market is poised for significant expansion, with projections indicating a market value of USD 8,008.9 million by 2033. This remarkable growth is driven by a robust Compound Annual Growth Rate (CAGR) of 6.3% over the next decade (2023-2033), building upon a solid foundation of USD 4,352.0 million in 2023.

Dyslexia, characterized by slow and inaccurate word recognition, impacts approximately 70 to 80% of individuals with weak reading skills, according to the Dyslexia Center of Utah. This neurodevelopmental condition often carries a genetic component, emphasizing the critical need for innovative and effective treatments to empower individuals with dyslexia on their educational journey.

Dyslexia is neurologically based and often hereditary. It is associated with difficulties in reading, writing, spelling, and organization. Functional Magnetic Resonance Imaging shows that the brains of people with dyslexia develop and function differently. Dyslexia makes fluent reading difficult, which affects not only academic success but also self-esteem and social-emotional development.

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Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels which can be seen in the Healthcare industry as well. The thriving market of healthcare research and development is expected to exhibit a steep decline in sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials, and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic era to focus on the growth and development of the Dyslexia Treatments Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market along with the key takeaways from the forecast.

The team of analysts at Future Market Insights is focussing on research and market study to produce different Global Dyslexia Treatments Industry forecasts and predictions at both national and international levels. They have considered several leads of information about the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Global Dyslexia Treatments Industry.

Dyslexia Treatments Market Key Players

The writer will create content on the general strategies of market players. Then will write the key players in the market are: DK Pharmachem, Pfizer Inc., RPG Life Sciences Ltd, Wallace Pharmaceuticals Ltd., Cian Healthcare Pvt Ltd, Rhodes Pharmaceuticals, L.P., Purdue Pharma, Apotex Corporation and Unither Pharmaceuticals

Dyslexia Treatments Market Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion of the market. Numerous segmentations have been provided for this market based on:

Based on the drug type

  • Cyclizine
  • Meclizine
  • Dimenhydrinate
  • Methylphenidate

Based on the distribution channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Product Segmentation

The investigation offers a top-to-bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavors to assess the current and future development possibilities, undiscovered roads, and factors that shape their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

By Regional Analysis Covered

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

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Full in-depth analysis of the parent market

The analysts at FMI are dedicated to providing insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Segmentation details of the market

  • Former, ongoing, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Queries Solved

  • What is the size of the overall Global Dyslexia Treatments Industry in the Healthcare Industry and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Dyslexia Treatments Market in the Healthcare Industry, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Global Dyslexia Treatments Industry in the Healthcare Industry?
  • What is the Global Dyslexia Treatments Industry in the Healthcare Industry size at the regional and country level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in the Global Dyslexia Treatments Industry in the Healthcare Industry?
  • What are the recent trends in the Dyslexia treatment market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Global Dyslexia Treatments Industry in the growth of the Healthcare Industry?
  • What are the key market trends impacting the growth of the Dyslexia Treatments Market in the Healthcare Industry?

Reasons to Buy the Report

  • We provide authentic and detailed analysis of various market trends to enable businesses to make informed and beneficial decisions to attain a competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes an accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the data collected is from highly reliable sources.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Industrial Power Supply Market Size Anticipated to Exceed USD 21.5 Billion by 2034, Growing at 10.1% CAGR | FMI Study

The industrial power supply market is estimated to be worth USD 8.2 billion in 2024 and is projected to be valued at USD 21.5 billion in 2034. Between 2024 and 2034, the industry is poised to rise at a CAGR of 10.1%. The growing integration of industrial automation and the implementation of Industry 4.0 initiatives are contributing to a heightened demand for dependable and efficient power supplies. This demand stems from the necessity of providing stable and accurate power delivery to automation systems, encompassing PLCs, robotics, and control systems.

The increasing recognition of the importance of energy conservation and sustainability in industrial settings is fostering a preference for energy-efficient power supplies. Businesses are actively seeking power solutions that not only optimize energy consumption but also contribute to reducing overall operational costs. Global economic growth and the expansion of manufacturing and industrial infrastructure contribute to increased demand for power supplies. As industries expand, there is a need for reliable and scalable power solutions to support new facilities and equipment.

Continuous technological progress, marked by enhancements in power electronics, digital control, and the integration of intelligent features, propels the evolution of highly efficient and advanced industrial power supplies. To remain competitive in this dynamic market, companies are dedicating resources to research and development initiatives.

Key Takeaways from the Market Study:

  • From 2019 to 2023, the industrial power supply market expanded at a CAGR of 13.2%.
  • Based on the product types, the AC-DC converters segment is expected to rise at a CAGR of 9.8% from 2024 to 2034.
  • The industrial power supply demand in China is predicted to grow at a CAGR of 9.2% through 2034.
  • In the United States, the industrial power supply industry is estimated to register a CAGR of 10.4% from 2024 to 2034.
  • The United Kingdom is projected to expand by a value CAGR of 10.8% between 2024 and 2034.
  • The industrial power supply market in Japan is anticipated to record a CAGR of 11.5% during 2034.

“The industrial power supply market is experiencing momentum driven by the growth of manufacturing and industrial infrastructure, coupled with a rising demand for energy-efficient solutions in industrial settings.” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape:

The industrial power supply market players are forming strategic partnerships with other industry players, technology providers, or manufacturers to enhance product portfolios or expand market reach and collaborating with key stakeholders in the supply chain to ensure a seamless and reliable power supply ecosystem.

Leading Manufactures in Industrial Power Supply Market:

  • TDK Lambda
  • Delta Electronics
  • XP Power
  • Siemens
  • Murata Power Solutions
  • Advanced Energy
  • Bel Fuse
  • Cosel
  • MEAN WELL

Recent Developments in Industrial Power Supply Industry:

  • TDK Lambda – a leading global manufacturer of power supplies, TDK Lambda specializes in providing innovative and reliable solutions for various industrial applications.
  • Delta Electronics – is a multinational company known for its power and thermal management solutions, offering a wide range of industrial power supply products.
  • XP Power – is a well-established provider of power solutions, delivering high-quality and efficient power supplies for industrial applications, including medical, technology, and industrial sectors.

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Industrial Power Supply Market Segmentation Analysis:

By Product Types:

  • AC-DC Converters
  • DC-DC Converters

By Output Power:

  • Very Low Output (Up to 500W)
  • Low Output (500W-1,000W)
  • Medium Output (1,000W-10 kW)
  • High Output (10-75kW)
  • Very High Output (75-150kW)

By Vertical:

  • Transportation
  • Semiconductor
  • Military & Aerospace
  • Robotics
  • Test & Measurement
  • Battery Charging & Test
  • Industrial 3D Printing
  • Laser
  • Lighting

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Mobile Computed Tomography Scanners Market is expected to grow at a 5.5% CAGR to reach USD 11.4 Billion by 2032 | FMI

Mobile Computed Tomography Scanners Market
Mobile Computed Tomography Scanners Market

The medical imaging landscape is undergoing a transformative shift, with the Mobile Computed Tomography Scanners Market at the forefront. A recent market analysis projects a steady Compound Annual Growth Rate (CAGR) of 5.5% for the market between 2022 and 2032. This translates to a significant growth trajectory, with the market value expected to surge from USD 6.7 billion in 2022 to USD 11.4 billion by 2032.

Future Market Insights analysts are focusing on research and market study to produce various Global Mobile Computed Tomography Scanners Industry forecasts and predictions at both the national and international levels. They considered several sources of industry information, such as market figures and merger estimates, to assess and produce reliable and informative insights on the Global Mobile Computed Tomography Scanners Industry.

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Mobile Computed Tomography Scanners Market Key Players

The writer will create content on the general strategies of market players. Then will write the key players in the market are: Olympus Corporation, Karl Storz GmbH & co KG, Koninklijke Philips, Hitachi Medical Corporation, GE Healthcare, Medtronic, and Shenzhen Anke High-Tech

Mobile Computed Tomography Scanners Market Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion of the market. Numerous segmentations have been provided for this market based on:

Based on several slices, can be segmented into:

  • Low-slice scanners (< 64 slices)
  • Medium-slice scanners (64 slices)
  • High-slice scanners (>64 slices)

Based on application, can be segmented as:

On this basis end users, can be segmented as:

  • Hospitals
  • Diagnostic Clinics
  • Research Academics

Product Segmentation

The investigation provides a comprehensive assessment of various clients’ journeys relevant to the market and its segments. The study attempts to assess current and future development possibilities, undiscovered roads, and factors that shape their income potential in the global market by segmenting it into di such as its types, applications, and regional assessment.

By Regional Analysis Covered

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (India, ASEAN, Australia & New Zealand)
  • China
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Full in-depth analysis of the parent market

The analysts at FMI are dedicated to providing insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report was created after extensive research by FMI analysts who considered several factors such as the monetary, ecological, social, mechanical, and political status of a specific demographic. They examine key data to assess the revenue and output of manufacturers in various regions. The report also includes an in-depth examination of the key changes in market dynamics that have occurred in the recent past and will occur shortly.

Segmentation details of the market

  • Former, ongoing, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

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Queries Solved

  • What is the overall and segmental size of the Mobile Computed Tomography Scanners Market in the Healthcare Industry?
  • What are the market’s key segments and sub-segments?
  • What are the key drivers, restraints, opportunities, and challenges of the Healthcare Industry’s Global Mobile Computed Tomography Scanners Market, and how will they impact the market?
  • What are the most appealing investment opportunities in the Healthcare Industry’s Global Mobile Computed Tomography Scanners Industry?
  • What is the regional and country-level size of the Global Mobile Computed Tomography Scanners Industry in the Healthcare Industry?
  • What are the major market players concentrating on?
  • What are the key players’ growth strategies in the Global Mobile Computed Tomography Scanners Market in the Healthcare Industry?
  • What are the most recent trends in the Healthcare Industry’s Mobile Computed Tomography Scanners Market? (mergers and acquisitions, partnerships, new product development, and expansions)?
  • What are the challenges to the Global Mobile Computed Tomography Scanners Industry as the Healthcare Industry expands?
  • What are the key market trends influencing the growth of the Healthcare Industry’s Global Mobile Computed Tomography Scanners Industry?

Reasons to Buy the Report

  • We provide authentic and detailed market trends analysis to help businesses make informed and beneficial decisions to gain a competitive advantage over key players.
  • Our analysts provide detailed market segmentation, as well as meaningful insights and comprehensive reports that other companies do not.
  • The report includes an accurate market analysis as well as current developing trends affecting growth. FMI consults with a wide range of stakeholders, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the information gathered comes from highly reliable sources.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Collaboration Tools Market Projected to Triple by 2033, Reaching $116.3 Billion

The collaboration tools market size is expected to reach US$ 39.4 billion in 2023. It is estimated to reach US$ 115.5 billion by 2033, recording a CAGR of 11.4% from 2023 to 2033. The widespread availability of the internet allows employees to work from anywhere in the world. So, for effective teamwork, firms must use current working methods and technologies that enable coworkers to share their work in a simple and efficient manner regardless of geographical boundaries. Therefore, collaboration tools become useful in efficient communications.

Collaboration technologies are designed to help organizations communicate more effectively. Collaboration software comes in many different shapes and styles, such as video conferencing, chat apps, a project management tool to share online document storage, and so on.

The market growth has been stifled by issues such as a lack of a company-wide collaboration strategy, a slow adoption rate, a poor user experience, and data security. Therefore, developments such as the incorporation of business information in collaboration software, technical advancements, virtual and augmented reality in collaboration solutions, and so on will drive market expansion in the coming years.

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Rising demand for Unified Communication

A group of business communication technologies that have been combined and integrated into a single management system is referred to as unified communication and collaboration. The usage of these technologies is likely to boost the market for collaboration tools.

Unified communication and collaboration tools provide a consistent user experience by combining various technologies and tools, such as voice, instant messaging, desktop sharing, video and audio conferencing, and cloud architects, to enable people to collaborate more effectively anywhere and on any device.

The growing popularity of social networking and cloud computing is expected to be a significant growth factor in the worldwide collaboration tools market. The growing demand for better and more effective business solutions is expected to increase the demand for collaboration technologies.

The use of collaboration tools is expected to increase as new technologies emerge, such as Artificial Intelligence and Big Data. The increased security among various business and government organizations is another reason for the increased use of collaboration technologies. The growing adoption of cloud technology by small and medium-sized businesses is also driving growth in the global collaboration tools market.

However, over the projected period, poor user interface, and data theft are expected to be the primary challenges impeding the global collaboration tools market.

Key Takeaways

  • The collaboration tools market is expected to record a CAGR of 11.4% from 2023 to 2033.
  • Demand for enterprise communication and collaboration, as well as the adoption of remote working solutions, will drive market expansion.
  • The collaboration tools market is dominated by North America.
  • Asia Pacific is one of the rapidly rising region.

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Key Development

  • In June 2021, Morgan Stanley received Microsoft Azure, which would assure data security and aid in the firm’s cloud shift.
  • In May 2021, Google Cloud delivered secure global connectivity by employing SpaceX’s Starlink to provide high-speed communication across its infrastructure. This would allow enterprises to have seamless and secure cloud access.
  • In December 2020, Adobe completed the acquisition of Workfront, a project management software to track work, time and manage documents.
  • In August 2020, Cisco acquired BabbleLabs, a company that designs and develops communication software. Using strong AI techniques, the company distinguishes human speech from unwanted noise, boosting the quality of communication and conferencing services.

Collaboration Tools Market Outlook by Category

By Solution:

  • Platforms
    • Unified Messaging
    • Enterprise File Sharing & Synchronization
    • Portals & Intranet Platforms
    • Project Management Platforms
    • Enterprise Social Networks
  • Services
    • Integration Service
    • Technical Support
    • Consulting

By Deployment:

  • On-premise
  • Cloud

By Enterprise Size:

  • Small & Medium Enterprises
  • Large Enterprises

By Industry:

  • BFSI
  • IT & Telecom
  • Healthcare
  • Travel & Hospitality
  • Retail & e-Commerce
  • Manufacturing
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Analysis States Global Industrial Rolling Ladder Market to Cross USD 353.4 Million by 2034, Driving 4.3% CAGR Growth

The global industrial rolling ladder market is anticipated to reach a valuation of USD 221.1 million in 2024, driven by market penetration in developing regions. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.3% between 2024 and 2034, and reaching a total valuation of approximately USD 353.4 million by 2034.

One of the major factors contributing to the growth of the market is the customer education and awareness. The provision of training programs and educational materials on the proper use, maintenance, and safety considerations of industrial rolling ladders can create opportunities for manufacturers to add value and differentiate their products in the market.

The demand for customizable and modular industrial rolling ladders is growing. Businesses often require solutions tailored to their specific applications, and manufacturers offering a range of customization options can seize opportunities in niche markets.

The rise of rental and leasing services for industrial equipment, including rolling ladders, provides an alternative for businesses that may not want to invest in outright purchases. Offering flexible leasing options can be a strategic move for manufacturers to tap into a broader customer base.

Industries operating in harsh environments, such as chemical plants or outdoor construction sites, demand ladders made from anti corrosive and durable materials. Manufacturers incorporating these features into their products can cater to specific industry needs.

The integration of AR and VR technologies in industrial training and maintenance processes presents opportunities for industrial rolling ladder manufacturers. AR and VR applications can assist in training users on ladder safety and guide maintenance personnel through repair processes.

The use of lightweight materials, such as aluminum and composite alloys, is gaining traction. Lightweight industrial rolling ladders are easier to maneuver and transport, making them desirable for applications where mobility is crucial.

The aerospace and defense industries often have specific requirements for access equipment due to the nature of their operations. Manufacturers targeting these verticals with specialized industrial rolling ladders can find opportunities in sectors that prioritize precision and safety.

Key Takeaways from the Market Study:

  • Global industrial rolling ladder market was valued at USD 211.6 million by 2023-end.
  • From 2019 to 2023, the market demand expanded at a CAGR of 4.8%.
  • The market in India is expected to expand at a CAGR of 5.0% through 2034.
  • By product type, the cantilever segment to account for a share of 35.0% in 2024.
  • From 2024 to 2034, industrial rolling ladder market is expected to flourish at a CAGR of 4.3%.
  • By 2034, the market value of industrial rolling ladder is expected to reach USD 353.4 million.

“Increasing demand for mobile and portable access solutions is driving innovations in the mobility features of industrial rolling ladders. Foldable, retractable, or telescopic designs cater to industries that require compact storage and easy transportation,” remarks Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the industrial rolling ladder market

  • Louisville Ladder
  • Cotterman
  • Hasegawa
  • Günzburger SteigtechnikTianjin Jinmao
  • Shanghai Ruiju
  • Altrex Ladder
  • Tri-Arc
  • Elkop
  • FACIAL
  • Chongqing Xituo
  • EGA Products

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Company Portfolio:

  • Established in 1979, EGA Products, Inc. has been a stalwart in the industrial products sector. The extensive product line of the company encompasses a diverse array of material handling equipment, including rolling ladders, fixed ladders, mobile and stationary access/work platforms, swing gates, step stools, stairways, stack racks, pallet rack accessories, and more.
  • Tri-Arc is a leading manufacturer of industrial rolling ladders, and work platforms. The product range of the company includes various ladder types designed for specific industrial applications.

Industrial Rolling Ladder Market Segmentation Analysis:

By Product Type:

  • Cantilever Rolling Ladders
  • Safety Rolling Ladders
  • Monster Rolling Ladders
  • 360 Degree Rolling Ladders
  • Multi Directional Rolling Ladders

By End Use:

  • Warehouse
  • Distribution Centres
  • Manufacturing Facilities
  • Other End Use

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Heat Therapy Units Market is Expected to Grow at a Rate of 9–10% CAGR and Reach USD 8.5 Billion by 2032 | FMI Analysis

Heat Therapy Units Market
Heat Therapy Units Market

The Heat Therapy Units Market is experiencing a surge in popularity as people seek non-invasive solutions for pain management. According to a recent analysis by Future Market Insights Inc. (FMI), a leading market research firm, the market is projected to reach a scorching USD 8.5 billion by 2032, a significant leap from the anticipated USD 3.5 billion valuation in 2022. This represents a robust Compound Annual Growth Rate (CAGR) of 9-10%, highlighting the increasing demand for these units.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic era to focus on the growth and development of the Global Heat Therapy Units Industry. The study features insights into the current growth dynamics and the major revenue reforms prevailing in the market along with the key takeaways from the forecast.

The team of analysts at Future Market Insights is focussing on research and market study to produce different Heat Therapy unit market forecasts and predictions at both national and international levels. They have considered several leads of information about the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Global Heat Therapy Units Industry.

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Heat Therapy Units Market Key Players

The writer will create content on the general strategies of market players. Then will write the key players in the market are: DJO Global, Accelerated Care Plus Corporation, Performance Health, ASTAR, Biotech India, BTL International, Guangzhou Longest Science & Technology, Zimmer Medizin Systeme GmbH, Hill Laboratories, and others

Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion of the market. Numerous segmentations have been provided for this market based on:

Key Segments Profiled in the Heat Therapy Units Market

By Product Type:

  • Shortwave Diathermy Units
  • Microwave Diathermy Units
  • Ultrasound Diathermy Units
  • Infrared Diathermy Units

By Mobility:

By Application:

By End Users:

  • Hospitals
  • Clinics
  • Rehabilitation Centers
  • Physiotherapy Centers
  • Home Care Settings
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific Excluding Japan
  • Japan
  • Middle East and Africa

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Full in-depth analysis of the parent market

The analysts at FMI are dedicated to providing insights after extensive research and study. The study also includes estimations, projections, and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Queries Solved

  • What is the size of the overall Heat Therapy Units Market in the Healthcare Industry and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Heat Therapy Units Market in the Healthcare Industry, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Heat Therapy Units Market in the Healthcare Industry?
  • What is the Heat Therapy Units Market in the Healthcare Industry size at the regional and country level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Heat Therapy Units Market in the Healthcare Industry?
  • What are the recent trends in Heat Therapy Units Market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Heat Therapy Units Market in the growth of the Healthcare Industry?
  • What are the key market trends impacting the growth of the Heat Therapy Units Market in the Healthcare Industry?

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Reasons to Buy the Report

  • We provide authentic and detailed analysis of various market trends to enable businesses to make informed and beneficial decisions to attain a competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes an accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the data collected is from highly reliable sources.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Connected Logistics Market Poised for Significant Growth, Projected to Reach $73.4 Billion by 2033

The linked Connected logistics industry is expected to reach a valuation of $24.6 billion in 2023 and $73.4 billion in 2033. Over the projected period, connected logistics sales are expected to grow at an 11.5% CAGR.

IoT-enabled linked logistics solutions are expected to replace conventional transportation techniques, according to the connected logistics industry trend.Rising fuel prices and related environmental problems like pollution and carbon emissions shape the market trend.

The use of sensors, cloud computing, and automated procedures is common for the remote monitoring and management of supply chain operations. It also provides thorough comprehension of network issues, enabling quick and efficient decision-making.

Improved supply chain visibility leads to long-term cost savings, necessitating the use of IoT-enabled solutions in a variety of industries, including manufacturing, transportation, and automotive.

It is expected that the target market will benefit from the increased adoption of Logistics 4.0 and ongoing work on improving autonomous logistics trucks.

One of the factors fueling the market growth is the decreasing cost of loT sensors and connected logistics hardware. However, rising security and safety concerns in the logistics sector limit the market’s growth to some extent.

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Key Takeaways:

  • Asset tracking is the top priority for the players which is leading the devices segment towards a strong growth of 12.5%. Organizations can collect massive amounts of data during the shipping and transit processes by incorporating RFID chips and IoT devices.
  • In terms of mode of transportation, roadways hold the majority of the market share and is showing a substantial growth of 12.2%. This is due to the increasing demand for road-based transportation to transport retail goods over long distances.
  • The usage of cutting-edge technologies like machine learning, the Internet of Things, cloud computing, big data, analytics, and deep learning is leading United States towards a revenue share of US$ 16.5 billion by 2033.
  • Rising public and private investment in the transportation sector is enhancing market expansion in the area is driving the United Kingdom regional market towards an impressive growth of 12.5%
  • Japan is the most lucrative region of all growing at an impressive rate of 15.7%. Japan began transforming logistics in order to strengthen its position in the Asia Pacific logistics industry by integrating new technologies with existing processes.

Manufacturers Eying Opportunities through Aggressive Strategies

The competitive landscape of this market is split moderately because of the presence of several developing and established companies in the industry. Moreover, it is forecasted that the technological developments in logistic sectors is anticipated to quicken the product development as well as investment growth.

In the market, there are different competitors aiming at addressing the problems aggressively by framing plans which are going to leave an overall impact on the market development. The growth prospects of this market have a lot of room to flourish during the forecast period.

Recent Development:

A top cloud-based logistics execution platform, BluJay Solutions was acquired by E2open Parent Holdings, Inc. for almost US$ 1.7 billion in May 2020. It is a foremost network-based provider of mission-critical, 100% cloud-based, and end-to-end supply chain management platforms.

Key Players:

AT&T Inc., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technologies Limited, Eurotech S.P.A., Microsoft, Oracle, Cloud Logistics, Zebra technologies, ORBCOMM, and GT Nexus.

Key Segments Covered in the Connected Logistics Market Report

By Component:

Connected Logistics Devices

  • Vehicle Telematics
  • Data Loggers
  • GPS Tracking Devices
  • RFID Tags

Connected Logistics Software

  • Fleet Management
  • Asset Tracking
  • Security Solutions

Connected Logistics Services

  • Consulting
  • Integration & Deployment
  • Support & Maintenance

By Transportation:

  • Connected Logistics for Roadways
  • Connected Logistics for Railways
  • Connected Logistics for Airways
  • Connected Logistics for Seaways

By Vertical:

  • Connected Logistics in Manufacturing
  • Connected Logistics in IT & Telecom
  • Connected Logistics in Automotive
  • Connected Logistics in Retail & Consumer Goods
  • Connected Logistics in Food & Beverages
  • Connected Logistics in Healthcare
  • Connected Logistics in Energy & Utilities
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube