Market Reports Assistance

  Grow Light Industry Overview The global grow light market size was valued at USD 4.23 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. Growing urban cultivation, vertical farming and growing adoption of environment-friendly production of fruits and vegetables is boosting the growth of the market. The unprecedented growth of the global population has also increased the demand for urban agriculture. Furthermore, the practice of vertical farming for producing food in a vertically stacked-layer such as a used warehouse, skyscraper, or shipping container is boosting the market growth. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops (throughout a season). Growing awareness regarding the importance of alternat...

  Eye Tracking Industry Overview The global eye tracking market size was valued at USD 638.8 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 33.4% from 2022 to 2030. The increasing use of smart sensors for process control and decision making and the rising demand for contactless biometrics coupled with the growing adoption of Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) in consumer electronics & other commercial applications areas are expected to drive the market growth significantly. The industry has been gaining prominence due to the increasing adoption of the vision capturing technology in commercial spaces, particularly in industries and sectors including retail, healthcare, research, automotive, consumer electronics, government & defense, and security & surveillance. The optical tracking system, also known as the video-based eye-tracker is the most popular type of vision capturing system among u...

  Blockchain Technology Industry Overview The global blockchain technology market size was valued at USD 5.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030. The market growth can be attributed to the increasing venture capital funding in blockchain technology companies. For instance, in May 2021, Circle Internet Financial Ltd., a blockchain technology provider, announced that it raised USD 440 million in funding from strategic and institutional investors. The company used this funding for organizational development and market expansion. The legalization of cryptocurrency in countries, such as Ukraine and El Salvador, is expected to create new opportunities for market growth. The legalization of cryptocurrency encourages businesses and investors to invest more in blockchain technology. Furthermore, it also encourages the market players to make more efforts to improve their services to gain a competitive edge. These efforts...

  Secure Logistics Industry Overview The global secure logistics market size was valued at USD 73.10 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. This is owing to the increasing money circulation across the globe. The rising security concerns among corporates and banks have increased the requirement for secure movement and management services for currency. The European Union has established a structure for overcoming the constraints and facilitating the mobility of production factors, which include land, labor, and capital. The banking industry across the globe is transforming owing to the changes in technical innovation and deregulation of financial services. Gather more insights about the market drivers, restraints and growth of the  Global Secure Logistics Market Banking in emerging economies is traditionally a highly protected industry having regulated deposits and restrictions for domestic and foreign entry. H...

  Perimeter Security Industry Overview The global perimeter security market size was valued at USD 59.21 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2022 to 2030. The increasing threat of terrorism and cross-border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, resulting in market growth. A rise in the development of smart cities and infrastructure is the key factor driving the market. Government support for implementing different security systems at critical locations is on the rise. Technological advancements in the field of automation have resulted in the rapid adoption of the latest techniques, such as video analytics and aerial drones to provide better results. Gather more insights about the market drivers, restraints and growth of the  Global Perimeter Security Market With the growing safety concerns among people, manufacturers have come up with new multilayered perimet...

  Food Service Equipment Industry Overview The global food service equipment market size was valued at USD 34.49 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. Changing food consumption patterns, increased demand for takeaways and the expanding hospitality sector are some of the key factors driving the market. Furthermore, factors such as increasing digitalization, the need for sustainable & eco-friendly equipment, and stringent consumer safety norms are expected to create promising growth opportunities for the market in the near future. The market has rapidly evolved following the changing needs of clients for outfitting their kitchen spaces. Changing social customs coupled with technological progressions, have created a dynamic marketplace for the equipment used in the end-use sector. From the discovery of equipment for preparing and storing food, such as cooking stoves, ranges, and electrical refrigerators, to the ...

  Fire Safety Equipment Industry Overview The global fire safety equipment market size was estimated at USD 46.59 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. Rising demand for fire safety equipment for industries, such as utilities, automotive, manufacturing, energy and power, petrochemical, oil and gas exploration, mining, and construction is anticipated to drive the growth. Several developed and developing regions like Europe, North America, and the Asia Pacific have implemented stringent regulations, which mandated the installation of fire safety equipment in the residential, industrial, and commercial sectors. These factors are driving the demand for the growth of the market. The outbreak of the COVID-19 pandemic impacted the fire safety market adversely in the early quarters of 2020. This has resulted in a reduction in the installation of new fire safety equipment in industrial and commercial applications. Howeve...

  IoT Microcontroller Industry Overview The global IoT microcontroller market size was valued at USD 4.69 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.7% from 2022 to 2030. The increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are some of the primary factors to drive the market growth. Also, a growing preference for embedded Non-Volatile Memory (eNVM) solutions over System-in-Package (SiP) in high-end applications such as industrial automation, smart utilities, and smart transportation is expected to bode well for the IoT microcontroller market growth over the next coming years. However, the lack of industry standards, optimization, and data security of IoT-connected devices are expected to hamper the market growth over the forecast period. The global slowdown in the automotive industry witnessed in 2018 and 2019 had a negligible ...

  Advanced Driver Assistance System Industry Overview The global advanced driver assistance system market size was valued at USD 12.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.2% from 2022 to 2030. The growing demand for advanced driver assistance systems (ADAS) in compact passenger cars is projected to be a prime factor driving the market growth. Increasing government regulations for mandatory implementation of ADAS in vehicles are anticipated to further drive the demand. The market witnessed negative growth during the first half of 2020 due to the growing spread of COVID-19. Due to the global lockdowns, various assembly units and manufacturing units witnessed a temporary closure. Lower automotive sales hampered the adoption of ADAS for the coming quarters in 2021, thereby hampering the market growth. However, by 2022, the ADAS market is anticipated to witness significant growth owing to driver safety assistance mandates laid by variou...

  Commercial Helicopter Industry Overview The commercial helicopter market size was valued at USD 5.88 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030. Increasing use of helicopters in Search and Rescue (SAR), Emergency Medical Services (EMS), along with usage in law enforcement, public safety, and firefighting operations are expected to boost the growth of the commercial helicopter market. The industry is expected to witness an increase in demand for rotorcraft from the oil and gas sector for various marine applications. The need for new helicopters is largely influenced by a variety of factors, such as width, cabinet size, product information, and the development of operational technology. Factors such as high maintenance costs, operational erosion, contract change cycles, and safety concerns are expected to continue with the replacement of older helicopters. Such a need for the replacement of old helicopters, especially...

  Electric Vehicle Charging Infrastructure Industry Overview The global electric vehicle charging infrastructure market size was valued at USD 19.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 30.6% from 2022 to 2030. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric vehicles. Hence, the demand for an Electric Vehicle (EV) charging infrastructure in commercial and residential applications is on the rise. Moreover, increasing partnerships among car manufacturers for charging facilities by providing a subscription model is further expected to drive the market growth. The technological progress of both electric vehicle charging software and hardware is expected to change the way EV owners use and benefit from electric vehicle charging applications. Technologies such as Smartcar API and charging networks precisely determine an electric vehicle’s charge tim...

  LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced safety features is increasing exponentially. Moreover, in countries such as the U.S., self-drivi...