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Showing posts from May, 2024

Examining Loitering Munitions Market Growth and Size for Strategic Decision-Making

  The global loitering munitions market size was USD 1.09 Billion in 2022 and is expected to register a revenue CAGR of 14.2% during the forecast period. The steady market revenue growth can be attributed to rising demand for advanced military warfare systems, rising demand for precise, efficient, and cost-effective military capabilities, increase in military friendly fire incidents, and rise in geopolitical tensions and conflicts. This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective m...

Examining Automotive Start-Stop System Market Growth and Size for Strategic Decision-Making

  The global automotive start-stop system market size was USD 31.61 Billion in 2022 and is expected to register a rapid revenue CAGR of 12.4% during the forecast period. Changing consumer preference for sustainable living and using eco-friendly modes of transportation, rising occurrence of road accidents, and increasing air pollution are key factors driving market revenue growth. The start-stop technology assists in turning off the engine when vehicle is idling, such as when halted at a stop sign or in slow-moving traffic, decreasing pollution by stopping the engine from wasting fuel needlessly. The start-stop system of vehicle automatically shuts down and restarts the Internal Combustion (IC) engine to reduce the length of time engine is left idling. Utilizing the start-stop mechanism can cut Carbon Dioxide (CO2) emissions by 4$-8% while also reducing fuel usage and emissions. In addition, increasing health consciousness and rising concerns about lowering air pollution and emissio...

Examining Coated Fabric Market Growth and Size for Strategic Decision-Making

  The global coated fabric market size was USD 41.99 Billion in 2022 and is expected to register a revenue CAGR of 3.8% during the forecast period. Strategic partnerships and significant investments in advanced manufacturing technologies are major factors driving the market revenue growth. For instance, nanocoating has gained prominence in coated fabric manufacturing. Nanoparticles can be incorporated into coatings to enhance properties such as water resistance, abrasion resistance, and Ultraviolet (UV) protection. These coatings provide improved performance without adding significant weight to the fabric. Three-Dimensional (3D) printing techniques are being explored for coating applications in various industries. This technology allows for precise application of coatings in intricate patterns and can be used to create functional coatings with unique properties. High-frequency welding and ultrasonic sealing techniques are used to bond coated fabric layers without the need for adhes...

Examining Ball Valves Market Growth and Size for Strategic Decision-Making

  The global ball valves market size was USD 13.12 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period. Increasing need for smart valve adoption and replacement of out-of-date ball valves and rising emphasis on development of smart cities, urbanization, and industry are factors expected to drive the market revenue growth. Rising demand for ball valves for industrial applications is driving market revenue growth. For example, all ball valves are intended for use in industrial settings, primarily in mechanical, chemical, and water treatment engineering, as well as in the food and beverage processing industry, power generation, and environmental systems. The new ball valve lineup complies with all current normative criteria and is a further refinement of the popular design that users have come to rely on. These major improvements have been made to the new ball valve generation with introduction of the B series ball valves, and the new nomencla...

Examining Fiberglass Mold Market Growth and Size for Strategic Decision-Making

  The global fiberglass mold market size was USD 396.87 Million in 2022 and is expected to register a rapid revenue CAGR of 7.4% during the forecast period. Rapid incorporation of fiberglass mold in manufacturing cost intensive light weight automotive components is a key factor driving market revenue growth. Fiberglass molds are sourced to manufacture various lightweight automotive Original Equipment Manufacturers (OEM) and aftermarkets components, such as body panels, bumpers, interior components, customized grills, owing to their capabilities including high durability, corrosion resistance, and cost intensive manufacturing. Globally, various automotive Electric Vehicle (EV) OEMs and aftermarket component companies are significantly procuring lightweight fiberglass molded components to develop and assemble lightweight components into final vehicle. According to the International Energy Association (IEA), EV sales exceeded to 10 million in 2022. The share of EV in total sales tripl...

Examining Food Allergen Testing Market Growth and Size for Strategic Decision-Making

  The global food allergen testing market size reached USD 760.7 Million in 2022 and is expected to register a rapid revenue CAGR of 6.9% during the forecast period. Rising allergic reactions among consumers is a key factor driving market revenue growth. Food allergies develop when the immune system overreacts to normally harmless foods and can cause stomachache, diarrhea, dizziness, asthma, rashes, and stinging or tingling in the mouth. Food allergy testing helps to determine whether the individual is allergic to a particular food. According to research, every year around 200,000 people in the U.S. require emergency medical care for allergic reactions to food. This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing ...

Examining Alternative Tobacco and Smoking Cessation Market Growth and Size for Strategic Decision-Making

  The global alternative tobacco and smoking cessation market size was USD 26.30 Billion in 2022 and is expected to register a rapid revenue CAGR of 9.4% during the forecast period. Increasing prevalence of respiratory lung diseases, such as chronic bronchitis, rising investments and funding towards production of such devices, and rapid technological advancements are key factors driving market revenue growth. This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and b...