Market Research Blog – Page 3602 – New Product Development

Global 3D Printed Surgical Models Industry Poised for a 14.7% CAGR Surge, Forecasting a Landmark US$ 1.7 Billion by 2032 | Reports Future Market Insights

In a groundbreaking revelation, Future Market Insights (FMI) has forecasted an unprecedented Compound Annual Growth Rate (CAGR) of 14.7% for the Global 3D Printed Surgical Models Industry, spanning the years 2022 to 2032. This remarkable projection signifies a monumental surge, propelling the industry from its 2021 valuation of US$ 347.5 million to an impressive US$ 1731.9 million by the conclusion of the forecast period.

The driving force behind this extraordinary growth trajectory is the escalating demand for personalized healthcare solutions. The Global 3D Printed Surgical Models Industry, harnessing the diverse applications facilitated by 3D printing technology, is poised to redefine the landscape of surgical practices. The evolution of the industry promises a revolution in healthcare, with innovative solutions set to enhance precision and efficiency in surgical training.

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The use of 3D-printed surgical models in the healthcare industry for planning tumor excision, endovascular aneurysm repair, and the treatment of trauma injuries in orthopedic surgery has improved Global 3D Printed Surgical Models Industry statistics.

More money spent on healthcare by governments around the world aids surgeons in performing surgery precisely and successfully, increasing the number of successful treatments, and promoting the 3D-printed surgical model Industry growth.

The surge in demand for minimally invasive procedures has been the primary factor driving the market expansion for 3D-printed surgical models throughout the forecast period. An increase in R&D efforts will aid in the 3D-printed surgical models’ market share growth.

The high expense of the technology, on the other hand, is projected to restrict the demand for 3D-printed surgical models. The expansion of the market is also expected to be hampered by the rising use of recycled and refurbished equipment during the forecast period.

The most advanced healthcare infrastructure, including hospitals, clinics, and extensive use of cutting-edge medical products and services like 3D printing, is found in the United States.

Global 3D Printed Surgical Models Industry Key Segments:

The 3D-printed surgical models market is expected to have a CAGR of 14.7% during the forecast period.
The 3D-printed surgical model Industry will have a valuation of US$ 396.6 million in 2022.
The 3D-printed surgical model market had a valuation of US$ 347.5 million in 2021.
The 3D printed surgical model Industry is segmented based on surgical models, wherein the orthopedic segment is anticipated to have a CAGR of 11.4% by 2032.
The 3D printed surgical model Industry is segmented based on technology, wherein Color Jet Printing is anticipated to have a market share of US$ 481.4 million by 2032.
The 3D printed surgical mode Industry is segmented based on material, wherein the plastic segment is anticipated to have a market share of US$ 383.3 million by 2032.
The European 3D-printed surgical model Industry is anticipated to reach a value of US$ 473.8 million by 2032.
The North American 3D-printed surgical model Industry is expected to lead with a prodigious share of US$ 507.2 million during the forecast period.

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Global 3D Printed Surgical Models Industry Competition Landscape:

The market for 3D-printed surgical models is very crowded, with both domestic and international vendors. The increasing demand from consumers can motivate several business individuals to introduce cutting-edge products in this sector.

Some of the major key players in the 3D printed surgical model Industry are Stratasys Ltd., 3D Systems, Inc, Lazarus 3D, LLC, Osteo3D, Axial3D, Onkos Surgical, Formlabs, Materialize NV, 3D LifePrints U.K. Ltd., and WhiteClouds Inc.

Recent Developments in the Global 3D Printed Surgical Models Industry:

The company’s Mimics Enlight cardiovascular planning software suite will include new Left Atrium Appendage Occlusion (LAAO) procedure support technologies in 2021, boosting Materialize 3D printing capabilities in the field of cardiology.
To offer a new DICOM-to-print solution for surgeons and hospitals throughout North America in 2020, Fast Radius teamed up with Axial3D. It is predicted that such strategic actions will promote market expansion. The following are a few of the leading companies in the market for 3D-printed surgical models

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Market Segments Covered in Global 3D Printed Surgical Models Industry Analysis

Key segments

By Surgical Models:

Cardiac Surgery/Interventional Cardiology
Gastroenterology Endoscopy of Esophageal
Neurosurgery
Orthopedic Surgery
Reconstructive Surgery
Surgical oncology
Transplant Surgery

By Technology:

Stereo-lithography
Fused Deposition Modeling

By Material:

Plastic
Metal

By End User:

Hospitals
Ambulatory Surgical Centers

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 clients face 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 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:

Nandini Singh Sawlani

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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Nanomaterial Supercapacitors Market Surges: Valued at US$ 607.1 Million in 2022, Set to Reach US$ 3,643.1 Million by 2032 with a Remarkable 19.6% CAGR

The market for nanomaterial supercapacitors is anticipated to show promising growth during the 2022–2032 forecast period. The worldwide market is projected to be valued US$ 3,643.1 million by 2032, up from an estimated US$ 607.1 million in 2022. Rechargeable battery technologies, including Li-ion, Li-S, Na-ion, and Li-O2 batteries, and nanomaterial supercapacitors, with their high energy and power densities and broad application, are among the most promising power storage and supply systems.

A surging need for developing new kinds of clean and sustainable energy conversion and storage systems including batteries and supercapacitors for electric vehicles combined with low exhaust emissions is revealed by the surging elevation in global energy consumption and the environmental impact of traditional energy resources. Prominent manufacturers in the nanomaterial supercapacitors market are predicted to experience better revenue prospects over the projection period. At present, LIBs are considered to be the most common mobile power sources for portable electronics including laptops and cell phones, etc.

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Nanomaterial supercapacitors are known for their efficiency which is impacted by multiple numbers of reasons but the structure and characteristics of the materials that make up the device have a significant impact on how well it performs overall. Increasing demand for low dimensional nanomaterial supercapacitors has gained a lot of traction recently owing to their intriguing characteristics and effectiveness in the energy storage landscape. Their synthesis methods, special qualities, and potential uses in various electrochemical devices have all been thoroughly studied.

Key Takeaways

With technological advancements and the penetration of smartphones and tablet computers, demand for nanomaterial supercapacitors is expected to grow in the coming years. Without the usage of energy storage technologies, it would have been impossible to power these portable devices.
Advanced multipurpose portable devices which constantly demand increased performance on the basis of power density, are challenging the capabilities of lithium batteries. While the present research and development efforts focus on creating a new generation of high-energy density technologies, lithium batteries on the other hand are facing competition from other energy storage technologies.
The market for batteries that store energy for smart and portable electronics is now known to be the largest and expanding at a rapid speed. One of the leading markets witnessing the maximum rate of change is the consumer electronics sector, which fuels the demand for nanomaterial supercapacitors. Since a massive surge is witnessed within the portable electronics sector are surging more and more multipurpose, batteries currently need to perform better.
A newly developed energy storage technology has emerged in the nanomaterial supercapacitors industry whose properties make them a brilliant candidate for fulfilling those particular jobs for which lithium batteries fall short. This gives substantial rise to nanomaterial supercapacitors’ market share.
Owing to the new technological advancements in the realm of energy storage are taking a shape of reality through advances in electronics and material science. When amalgamated with energy harvesting and radio frequency technologies, these solutions open up a wide range of potential applications for nanomaterial supercapacitors.

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Competitive Landscape

Key manufacturers in the market anticipate the development of adaptable devices in order to create user-friendly and individualized future interactions between wearable and bio-integrated electronics through the development of new materials and the design of new structures combined with supercomputer simulation and artificial intelligence.

Prominent market players are focusing on a broad range of products that are focusing on improving supercapacitors technology that makes supercapacitors an effective battery substitute for uses like transportation, smartphones, and more.

More Insights into the Nanomaterial Supercapacitors Market

North America is anticipated to dominate the global nanomaterial supercapacitors market globally as it accounts for a total market share of around 33.7% in 2022. The growth in the region is attributed to the flourishing medical and healthcare industry. In addition to that, surging spending on nanotechnology by numerous firms is expanding the Market significantly. Government spending on R&D is also having a significant impact on the market.

Europe is anticipated to have a prominent nanomaterial supercapacitor market share of 24.2% in 2022. The market is driven by continuous technological advancements in research initiatives. In addition to that, such initiatives in the nanomaterial supercapacitors market are rising the commercialization of nanomaterial supercapacitors.

Key Segments

By Product Type:

Industrial
Consumer
Transport

By Application:

Sensors
Instrumentation
Electric & hybrid vehicles
Wind turbines
Photovoltaic modules

By End-use Industry:

Healthcare
Energy
Electronics
Transportation
Others

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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
LinkedIn| Twitter| Blogs | YouTube

Global Skin Replacement Industry Set to Soar with a 6.4% CAGR by 2032 | Reveals FMI Insights

The Global Skin Replacement Industry is on the brink of a significant transformation, with projections indicating a surge from US$ 838.0 million in 2018 to an impressive US$ 1,202.2 million by 2024. These insights come from the latest report unveiled by Future Market Insights (FMI), a leading provider of market intelligence and consulting services.

In a highly anticipated business report, FMI delves deep into the dynamics of the Global Skin Replacement sector, offering stakeholders an illuminating journey through both historical milestones and contemporary trends. Far surpassing surface-level analysis, the report meticulously dissects crucial factors including production, consumption, volume, and value, providing a comprehensive view of the market’s trajectory.

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Global Skin Replacement Industry: Segmentation

Valuable information covered in FMI’s Global Skin Replacement Industry report has been segregated into key segments and sub-segments.

By Product type

Epicel
Integra

By End use

Chemical
Cosmetic
Pharmaceutical

Global Skin Replacement Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Skin Replacement market. Competitive information detailed in the Skin Replacement market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Global Skin Replacement Industry report.

Key players covered in the report include:

Cellular Dynamics International,
Cynata Therapeutics Limited,
Platelet BioGenesis,
Tengion,
TissueGene, Inc.

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Important Questions Answered in the Global Skin Replacement Industry Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the Global Skin Replacement Industry been expanding during the forecast period?
How will the Global Skin Replacement Industry look like by the end of the forecast period?
What innovative strategies are Global Skin Replacement Industry players adopting to stay ahead of the pack?
What are the restraints affecting the growth of the Global Skin Replacement Industry?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Skin Replacement market

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Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as 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)

Contact Us:

Nandini Singh Sawlani

Global Cardiac Rhythm Management Industry Poised for 4% CAGR Surge Until 2032 | Forecasts FMI

The Global Cardiac Rhythm Management Industry is set to undergo a substantial expansion, with a projected Compound Annual Growth Rate (CAGR) of 4% spanning from 2022 to 2032. This forecast, based on the latest market insights, is anticipated to elevate the industry from its 2021 valuation of US$ 22.1 Billion to an impressive US$ 26.8 Billion by the year 2025.

Amidst the escalating global concern over cardiovascular diseases, which contribute to approximately 30% of total deaths worldwide, heart diseases stand out as a critical issue. The pressing need for advanced cardiac rhythm management solutions has never been more evident.

The Global Cardiac Rhythm Management Industry recognizes the multifaceted risk factors associated with heart diseases, including elevated cholesterol levels, diabetes mellitus, cigarette smoking, obesity, and hypertension. These risk factors underscore the urgency for innovative solutions to address the diverse challenges posed by cardiovascular health.

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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 Global Cardiac Rhythm Management Industry.

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 are focussing on research and market study to produce different Global Cardiac Rhythm Management 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 Cardiac Rhythm Management Industry

Global Cardiac Rhythm Management Industry Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: Medtronic Plc, St. Jude Medical Inc, Boston Scientific Corporation, Abbott Laboratories, Biotronik, and Sorin Group.

Global Cardiac Rhythm Management Industry 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 on the market.

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Numerous segmentations have been provided for this market based on:

Based on devices, the Global Cardiac Rhythm Management Industry is broadly segmented as:

Cardiac Rhythm Pacemakers
Single Chamber Pacemakers
Dual Chamber Pacemakers
Cardiac Resynchronization Therapy
Cardiac Resynchronization Therapy – Pacemakers
Cardiac Resynchronization Therapy – Defibrillators
Implantable Cardioverter Defibrillators
Transvenous implantable cardioverter defibrillators (T-ICDs)
Subcutaneous implantable cardioverter defibrillators (S-ICDs)
Implantable Loop Recorder

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 (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. 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 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.

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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

Author

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)

Contact Us:

Nandini Singh Sawlani

Revolutionizing Logistics: Global IoT in Supply Chain Market to Surpass US$ 41.8 Billion by 2033

The global IoT in supply chain market is projected to be worth US$ 41.8 billion by 2033. It’s expected to be worth more than US$ 12.4 billion by 2023. The global market is anticipated to expand at a CAGR of 12.9% from 2023 to 2033.

Several factors contribute to the rising demand for the Internet of Things (IoT) in supply chain sector. Real-time tracking and monitoring of commodities across the supply chain are made possible by IoT devices. It is anticipated that it will be widely utilized to gather precise and timely information about their whereabouts, health, and status.

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IoT adoption is anticipated among supply chain managers who want to improve visibility and control over their operations. Additionally, it can aid in maximizing inventory control, lowering losses, and boosting productivity. Demand would be further boosted by IoT technology’s ability to provide predictive maintenance of important machinery and equipment in the supply chain.

Vehicles, storage spaces, and industrial plants are a few of these. Potential failures or performance issues can be discovered in advance, allowing for preventive maintenance and reducing downtime, by gathering and analyzing data from IoT sensors implanted in these assets. By 2033, it is expected to make IoT in supply chains more popular.

IoT-enabled supply chain solutions would make it easier for different process participants to communicate and integrate with one another. Suppliers, producers, distributors, and retailers are a few among them.

The connection can facilitate quicker decision-making, improve collaboration, and expedite procedures. Improved coordination and reactivity within the supply chain ecosystem are anticipated as a result of these qualities.

Key Takeaways from IoT in Supply Chain Market Study:

The global IoT in supply chain industry showcased an astonishing CAGR of 5% from 2018 to 2022.
The United States IoT in supply chain industry is expected to be worth US$ 8.4 billion by 2033.
The United Kingdom IoT in supply chain industry is expected to surge at a CAGR of 5% from 2023 to 2033.
China IoT in supply chain industry is expected to surpass a value of US$ 10.4 billion by 2033.
The hardware segment by component is projected to surge at a CAGR of 7% from 2023 to 2033.

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Competitive Landscape

Several well-known technology giants are active in the IoT market and provide complete IoT supply chain solutions. IoT platforms, cloud infrastructure, and analytics tools are all provided by organizations such as IBM, Microsoft, and Oracle. They are frequently positioned as leading players in the competitive environment thanks to their extensive network of market relationships and solid customer base.

On the market, there are specialized IoT solution providers who concentrate solely on the supply chain sector. For example, IoT-enabled tracking and monitoring systems designed for supply chain operations are offered by Savi Technology and Roambee.

They offer the hardware, connectivity, and software platforms needed for supply chain process improvement, real-time visibility, and predictive analytics. These individuals frequently have extensive domain knowledge and a thorough understanding of the unique requirements and problems of supply chain management.

Key Players

Cisco Systems Inc.
SAP SE
Intel Corporation
Huawei Technologies Co. Ltd
Amazon Web services

For instance,

Siemens and Amazon Web Services (AWS) announced a partnership to integrate Siemens’ MindSphere with AWS IoT services in November 2021. Through this agreement, industrial customers would be able to utilize IoT data from their supply chains. Additionally, they have the ability to use machine learning and advanced analytics.

Get More Valuable Insights into IoT in Supply Chain Market

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the IoT in supply chain market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study reveals segments in the IoT in supply chain industry. It is segmented into a component (hardware, software, and services), application (inventory & warehouse management, fleet & transportation management, demand & supply planning, cold chain management, track & trace, and predictive maintenance), end user (manufacturing, retail & e-commerce, healthcare & pharmaceuticals, automotive, aerospace & defense, and food & beverage), and region.

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IoT in Supply Chain Market Outlook by Category

By Component:

Hardware
Software
Services

By Application:

Inventory and Warehouse Management
Fleet and Transportation Management
Demand and Supply Planning
Cold Chain Management
Track and Trace
Predictive Maintenance

By End User:

Manufacturing
Retail and E-commerce
Healthcare & Pharmaceuticals
Automotive
Aerospace & Defense
Food & Beverage

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Author:

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.

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Nandini Singh Sawlani

Network Management System Market to Surge at 8.6% CAGR, Reaching US$21 Billion by 2032

The global Network Management System (NMS) market is set to witness robust growth over the next decade, with a projected Compound Annual Growth Rate (CAGR) of 8.6% between 2022 and 2032. As per market forecasts, the market size is anticipated to surge from US$ 9.1 Billion in 2022 to an impressive US$ 21 Billion by 2032.

In today’s technologically-driven business landscape, the effective management of networks holds paramount importance, especially for enterprises operating in the IT sector. The proficient handling of networks ensures uninterrupted service delivery, seamless internal and external communication, and overall operational continuity. The upcoming wave of network management systems promises enhanced trajectory management capabilities, poised to revolutionize network operations.

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The evolution of networks has been transformative due to rapid technological advancements. Network administrators now face the challenge of maintaining complex networks that consist of diverse hardware and software components, manufactured by various vendors and distributed globally. This burgeoning demand for Network Management System products that cater to the burgeoning industry needs, offering automated network management solutions, is a major driver behind the market’s growth.

Key Takeaways:

Projected CAGR of 8.6% for the Network Management System market between 2022 and 2032.
Market size estimated to grow from US$ 9.1 Billion in 2022 to US$ 21 Billion by 2032.
Evolution of networks and technological complexity drives demand for efficient NMS solutions.
Multinational corporations prioritizing secure and user-friendly network management solutions.
Small and medium-sized enterprises inclined towards on-premise NMS deployments for enhanced support.

Competitive Landscape 

BMC Software, Cisco, CA Technologies, AppNeta, Extreme Networks, Accedian, HelpSystems, Ipswitch, Kentik, Micro Focus, NETSOCUT, Nokia, Riverbed Technology, SolarWinds, VIAVI Solutions, Flowmon Networks, Paessler, Colasoft, and Cubro Network Visibility are among the major players in the network management system (NMS) market.

Global wireless communication solution providers and network equipment manufacturers are launching new network monitoring and management solutions to help operators manage their networks more efficiently.

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Recent Developments

In February 2017, Ericsson unveiled as a service that assists operators in their travels to virtualization, SDN, and 5G network transformations. Nokia released the NetAct Cloud network management technology in May 2016, allowing operators to deploy new network capabilities with minimum downtime. The technology is capable of handling 5G network needs and offers total mobile network control.
In January 2017, the Chinese government lowered subsidies and relaxed laws in order to encourage more private investment in order to strengthen its internet services.
Riverbed Technology, Inc. formed a collaboration agreement with Huawei Technologies Co., Ltd in 2017 to supply Huawei CloudEPN with Riverbed SteelHead integrated solutions that may assist clients in simplifying network administration in the cloud era.

Key segments

By Component:

Platform
Solutions
Services

By Deployment Type:

Cloud
On-Premises

By Organisational Size:

Large Enterprise
Small & Medium Sized Enterprise

By End Use:

Service Providers
Verticals

By Region:

North America
Latin America
Europe
APAC
Middle East & Africa

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Author:

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:

Nandini Singh Sawlani

Semiconductor Lasers Market Poised for Remarkable Growth, Projected to Reach US$ 15.7 Billion by 2033

The global semiconductor lasers market size is predicted to exceed a valuation of US$ 8.8 billion in 2023. It is anticipated to attain a valuation of US$ 15.7 billion by 2033. The market is expected to expand at a CAGR of 5.9% from 2023 to 2033.

The demand for semiconductor lasers has increased as a result of the widespread use of consumer electronics, such as smartphones, tablets, laptops, and gaming systems. These lasers are employed in a variety of technologies, including optical data storage, gesture recognition, 3D sensing, and displays. Semiconductor laser technologies are predicted to be essential in facilitating new features and capabilities as consumer devices continue to improve.

In terms of energy efficiency, semiconductor lasers are more effective than conventional light sources. In addition to lasting longer and producing less heat, they use less power. Semiconductor lasers are increasingly valued over conventional light sources as energy efficiency and environmental concerns increase in magnitude, driving market growth.

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Smaller, more compact, and more effective semiconductor lasers are in high demand as due to the growing trend of miniaturization and integration across a variety of sectors. These lasers are viable for applications with limited spaces because they may be incorporated into small systems and devices, such as wearable electronics, mobile phones, and portable electronics. In essence, the growing demand for consumer electronics is likely to foster growth in the market.

New kinds of lasers with enhanced performance characteristics have been developed as a result of ongoing developments in material science, notably in semiconductor materials and epitaxial growth methods. For instance, the development of high-performance semiconductor lasers that operate at many wavelengths has been made possible by the use of compound semiconductor materials like Gallium Arsenide (GaAs) and Indium Phosphide (InP). Such material science advancements are predicted to bolster market growth during the forecast period.

Key Takeaways from this Market:

The global semiconductor lasers industry size developed at a CAGR of 6.7% from 2018 to 2022.
In 2018, the global market size stood at US$ 6.3 billion.
The global market size stood at US$ 8.2 billion in 2022.
The fiber optic lasers segment is predicted to expand at 5.8% CAGR during the forecast period.
The communications segment is predicted to expand at 5.7% CAGR from 2023 to 2033.
The semiconductor lasers industry in China is predicted to expand at 7.4% CAGR from 2023 to 2033.
The market for semiconductor lasers in Japan is predicted to expand at a 6.1% CAGR during the forecast period.

Recent Developments Observed by FMI:

UC Berkeley researchers created a brand-new class of semiconductor lasers in June 2022 that meets a difficult optical requirement: the capacity to emit a single mode of light while maintaining the potential to increase in size and power. As a consequence, without compromising coherence due to size, lasers may now be more powerful and increase their range for a number of applications.
In April 2022, Panasonic presented the first high-brightness blue direct laser ever made. Using Panasonic’s Wavelength Beam Combining (WBC) technology, strong blue direct diode lasers are produced.

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Key Players Operating in the Global Market:

Coherent Inc.
IPG Photonics Corporation
Lumentum Holdings Inc.
II-VI Incorporated
TRUMPF GmbH + Co. KG
Jenoptik AG
Newport Corporation
Hamamatsu Photonics K.K.
Nichia Corporation
Sharp Corporation

Market Segmentation:

By Type:

Fiber Optic Lasers
Vertical Cavity Surface Emitting Lasers
Compact Disc Lasers
High Power Diode Lasers
Red Lasers
Violet Lasers
Green Lasers
Blue Lasers

By Application:

Optical Storage Device
Lithography
Healthcare
Defense and R&D
Sensors
Display
Printing
Communication
Industrial

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Author:

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Serverless Apps Market Soars: Projected to Hit US$ 80 Billion by 2032, Fueled by a 23.4% CAGR

In 2022, it is predicted that the serverless apps market would generate US$ 9,745.2 Million in sales. The serverless apps market is anticipated to develop at a CAGR of 23.4% from 2022 to 2032, reaching US$ 80,005.3 Million.

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What is Driving Demand for Serverless Apps?

Serverless apps market is majorly driven by rapid app development, move from DevOps to serverless computing, and increasing need to eradicate management of servers. Moreover, benefits such improved scalability and cost-efficiency of serverless apps are positively impacting the market growth.

Also, continuous rise in the adoption of cloud technologies and the development of serverless computing in increasing IoT landscape are anticipated to give lucrative opportunities for the global market.

By adopting serverless apps, organizations can efficiently eliminate expensive traditional and time-consuming approaches. It helps in shifting the responsibility of managing servers, application logic, and databases, which eliminates set-up and maintenance costs.

BFSI is Expected to Hold the Largest Share of the Serverless Apps Market by End-User

On the basis of end-user, the market for serverless apps is segmented into BFSI, government & public, healthcare & life sciences, manufacturing, media & entertainment, retail & ecommerce, telecom & IT, and others. The banking, financial services, and insurance (BFSI) segment dominated the market in 2020 and is expected to grow with the same pace during the forecast period.

Major companies in the BFSI vertical have a substantial user base, deployment of serverless apps has allowed enterprises in auto-scaling to highly variable or an unpredictable demand and resulted in benefitting by handling a variety of functions.

This further helps in optimizing the bank workflow, offers quick responses, and upsurges customer satisfaction. As banks focus on enhancing the customer services by innovative technologies, serverless apps has reduced developer’s operational burden and improved performance and overall productivity.

North America Serverless Apps Demand Outlook

North America is one of the largest markets for serverless apps across the globe. The growth is majorly attributed to the presence of the major players in the region. U.S. is the major contributor to the regional market. It has further strengthened the market with industries such as manufacturing, BFSI, retail, healthcare, boosting of a large user base.

Enterprises are continuously innovating and adopting new technologies and delivering to new features to stay competitive in the market. Additionally, North America happens to be the most rapidly changing and competitive market across the globe. Also, the region is also anticipated to adopt new technologies at a faster pace as compared to other countries across the globe.

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Asia Pacific Demand Outlook for Sever less Apps

Asia Pacific is accounted the highest CAGR and is anticipated to grow with the same pace in the upcoming years. Traditional IT infrastructure in the industries like retail, manufacturing, and BFSI are gradually shifting toward automation, which is positively influencing the market growth.

With the adoption of new cloud-based technologies, serverless apps is composed to witness substantial growth during the forecast period. Also, growing investments in digital transformation to eliminate the operational costs is predicted to be a major factor driving the market in Asia Pacific.

Who are the Key Manufacturers and Suppliers of Sever less Apps?

Some of the leading players of sever less apps market are

-Amazon Web Services Inc.
-CA Technologies
-Alibaba Cloud
-Dynatrace
-Galactic Fog IP Inc.
-Fiorano Software Inc.
-Google LLC
-Joyent Inc.
-IBM Corporation
-Microsoft Corporation
-Twistlock.
-Key Segments

By Services:

Automation & Integration
API Management
Monitoring
Security
Support and Maintenance
Training and Consulting
Others

By Enterprise Size:

Large Enterprise
SME

By End-User:

BFSI
Government & Public
Healthcare & Life Sciences
Manufacturing
Media & Entertainment
Retail & Ecommerce
Telecom & IT
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Author:

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:

Nandini Singh Sawlani

Wireless Antenna Market Surges: Global Revenue to Hit US$ 7,871.0 Million by 2032

The global wireless antenna market is expected to reach $4,700.0 million by 2022. According to the report, wireless antenna sales will grow at a CAGR of 5.30% to reach a valuation of US$ 7,871.0 million by 2032.

Wireless antennas are widely used in consumer hardware products such as cell phones in large business applications. Furthermore, these wireless antennas are used in the automobile industry for the purpose of vehicle availability.

Wireless antennas are being introduced in cutting-edge LTE wireless organisations as the utilisation of portable web information traffic rises, fueling interest in cutting-edge 4G and 5G wireless organisations.

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Wireless Antenna Market: Drivers and Restraints

Increasing usage of wireless antenna in connectivity vehicles help user to communicate with outside world with improved features like infotainment and navigation, which is turning to be the major driving factor that has huge impact on the growth of wireless antennas market.

The rising usage of wireless antennas in mobile devices is another major driving factor of the wireless antenna market. Moreover, new entrants in developing wireless antennas international market is also boosting the growth of wireless antenna market in a positive manner.

High initial investment cost associated with acquisition of a site to the installation of a telecom network is turning to be the major challenge faced by most of the vendors in Wireless Antenna market.

Global Wireless Antenna Market: Competitive Landscape

Key Players

The major player operating in Wireless Antenna market include: AT&T, Cisco System, Bharti Airtel, Bouygues Telecom, Mobitel, AirNet Communications, Vodafone, and Huawei Technologies Inc.

Recent Developments in the Wireless Antenna Market

In June 2021, Linx Technologies, a Merlin, OR based developer and manufacturer of wireless components announced the extension of their global footprint Taoyuan City, Taiwan with the addition of a new design centre.
In September 2021, Johanson Technology Inc., a specialist in manufacture and design of superior quality RF and Microwave ceramic chip capacitors, integrated passives, and inductors announced a novel tri-band WiFi 6E chip antenna.

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Global Wireless Antenna Market: Regional Outlook

On the basis of geography, Wireless Antenna market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the Wireless Antenna market in APEJ region is expected to dominate during the forecast period owing to the presence of large number of telecommunication industry and strong financial growth in of consumer electronics goods in China and India. APEJ region is expected to be followed by North America and Europe.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Key Segments of the Wireless Antenna Market

By Product Type:
MISO
MIMO
SIMO
Others

By Product Range:
UHF
VHF

By Application:
Radar System
Wifi System
Connected Vehicle
Others

By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

Author:

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Sensor Hub Market Set for Remarkable Growth, Projected to Reach US$ 102.0 Billion by 2033

The global sensor hub market size is projected to exceed a valuation of US$ 26.3 billion in 2023. It is anticipated to attain a valuation of US$ 102.0 billion by 2033. The market is foreseen to thrive at a monumental CAGR of 14.5% from 2023 to 2033.

The deployment of sensor hubs is becoming increasingly prevalent due to the rising need for energy-efficient technology and longer battery life. Sensor hubs play a significant part in power management by outsourcing sensor data processing from the primary application processor. Sensor hubs assist in extending the battery life of devices by effectively handling sensor data and implementing low-power processing techniques, which proliferates their adoption by several industries.

Their growth is being driven by the incorporation of Artificial Intelligence (AI) technologies with sensor hubs. AI algorithms can be installed on sensor hubs to allow real-time data processing, sensor data fusion, pattern recognition, and predictive analytics.

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Devices can carry out sophisticated tasks like gesture recognition, activity monitoring, speech recognition, and context-based alerts due to this AI and sensor hub integration. Furthermore, the Internet of Things (IoT) market is overgrowing, with a wide range of applications in sectors including healthcare, transportation, manufacturing, and agriculture.

Sensor hubs play a significant role in IoT devices by gathering and processing data from various sensors, allowing the connection, and permitting intelligent edge decision-making. The demand for sensor hubs is rising in tandem with the deployment of IoT devices.

Asia Pacific is predicted to lead the global market for sensor hubs during the forecast period. In terms of technical advancement, the Asia Pacific region has been at the forefront, especially in the domain of consumer electronics.

The development of semiconductor technologies, including sensors and sensor hub integration, is well recognized among companies in nations like Japan and South Korea. With the support of these technical developments, the region is strengthening its position in the worldwide sensor hub market.

Key Takeaways from Sensor Hub Industry:

The global sensor hub industry size developed at a CAGR of 18.4% from 2018 to 2022.
In 2018, the global market size stood at US$ 11.3 billion.
The global market size stood at US$ 22.2 billion in 2022.
The application sensor processor segment is predicted to expand at a 14.4% CAGR from 2023 to 2023.
The consumer electronics segment is expected to grow remarkably from 2023 to 2033.
China is predicted to register a CAGR of 15.6% from 2023 to 2033.
Japan is predicted to thrive at a CAGR of 13.9% during the forecast period.
South Korea is anticipated to expand at a CAGR of 15.0% during the forecast period.

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Key Players in Global Market:

Qualcomm Technologies Inc.
STMicroelectronics N.V.
Robert Bosch GmbH
Bosch Sensortec
InvenSense Inc.
Analog Devices Inc.
NXP Semiconductors N.V.
Infineon Technologies AG
Microchip Technology Inc.
RoHM Co. Ltd.
Memsic Inc.
Others

Recent Developments Observed by FMI:

In June 2022, CEVA, Inc., the industry’s top licensor of wireless connectivity, smart sensing technologies, and integrated IP solutions, unveiled the FSP201. It is a high-performance and low-power sensor hub MCU that offers precise, accurate sensor fusion for motion tracking, heading, and orientation detection.

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Market Segmentation:

By Process Type:

Application Sensor Processor
Discrete Sensor Processor
Sensor Integrated Microcontroller
Others

By End-use Application:

Consumer Electronics
Automotive
Industrial
Military
Healthcare
Telecommunications
Others

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East & Africa (MEA)

Author:

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:

Nandini Singh Sawlani